MAGNUSCONCORDIA (01172) subsidiary and Sichuan Juxinghua Trading separately entered into sale and purchase agreements for the purchase and sale of properties

MAGNUSCONCORDIA (01172) announced that on October 26, 2026, the seller Rongtai Development (Chengdu) Co., Ltd. (an indirectly wholly-owned subsidiary of the Company) and the buyer Sichuan Juxinghua Trading Co., Ltd. separately entered into sale and purchase agreements for the purchase and sale of the property. The subject property is an entire floor of commercial property located on the 6th floor of No. 1, Section 4, Renmin South Road, Wuhou District, Chengdu City, Sichuan Province, China. The Directors believe that the disposal is a good opportunity for the Company to obtain funds to improve its cash flow position. The Directors believe that the terms of the sale and purchase agreements and the transactions contemplated thereunder are fair and reasonable and in the overall interests of the Company and its shareholders.