Yibangxing Holdings (00599) signed a formal agreement to acquire the property

Zhitong Finance App News, Yibangxing Holdings (00599) issued an announcement. On November 10, 2026, the buyer (a wholly-owned subsidiary of the Company) and the seller signed a formal agreement on the acquisition. A formal agreement supersedes a preliminary agreement and contains substantially the same important provisions as the preliminary agreement. Furthermore, the buyer and seller agree that if the other party fails to complete the sale of the property in accordance with the formal agreement, in addition to having the right to seize (if the buyer is in breach of contract) or refund the deposit already paid by the buyer (if the seller is in breach of contract), the other party is also entitled to claim damages and obtain an enforcement order from the other party.

Furthermore, in accordance with the terms of the formal agreement, HK$1.6 million was paid as a further deposit on November 10, 2026. The remaining balance of the cost of HK$23.4 million will be paid upon completion, and completion is expected to be implemented on or before January 22, 2027.