HAO TIAN INTL (01341) plans to sell 2.95% of the issued share capital of Co-Lead Holdings Limited for HKD 43 million.

HAO TIAN INTL (01341) announced that on September 8, 2026 (after trading hours), the seller, Hao Tian Energy Holdings Limited (a wholly-owned subsidiary of the Company), entered into a sale and purchase agreement with the buyer, Co-Lead Holdings Limited. According to this agreement, the seller has agreed to sell, and the buyer has agreed to purchase 436 shares (representing approximately 2.95% of its issued share capital) at a price of HKD 43 million. The Company previously recognized the purchase of 580 shares from the buyer (representing approximately 3.92% of its equity) in May 2025 at a total consideration of HKD 50 million (or approximately HKD 86,206 per share) as a medium to long-term investment to achieve capital appreciation and/or dividend returns. After holding this investment for slightly more than a year, the buyer's net assets have increased from the investment. As of June 30, 2026, the buyer's unaudited net assets were approximately HKD 1.456 billion, with an unaudited net asset value of about HKD 98,504 per share. After negotiations on fair terms between the seller and the buyer, the buyer agreed to repurchase the sold shares at HKD 98,623 per share, which is approximately the par value of the buyer's unaudited net asset value per share as of June 30, 2026, and represents a premium of about 14.4% over the Company's acquisition cost (i.e., approximately HKD 86,206 per share). The Board believes this is a good opportunity to realize part of its investment in the buyer and to reallocate the Group's financial resources to other business opportunities and needs.