To The Moon

SUNWAH KINGSWAY CAPITAL LTD (HKEX: 00188) has announced a series of on-market trades conducted through its wholly-owned subsidiary on the Stock Exchange of Hong Kong, spanning from 19 August 2025 to 13 August 2026.

During this period, the company disposed of a total of 21,200 shares in TENCENT HOLDINGS LTD (HKEX: 00700), which represents approximately 0.0002% of the total issued Tencent shares as of the date of this announcement. The daily average price for each Tencent share ranged between HK$465 and HK$655, with the total consideration amounting to approximately HK$12.61 million, excluding transaction costs.

The group's core activities encompass financial services, including securities, commodity futures and futures brokerage, corporate finance, asset management, lending, property investment, and proprietary trading. This divestment provides the group with an opportunity to realise a portion of its investment in Tencent shares.

SUNWAH KINGSWAY made the disposal based on market prices at the time of sale, allowing the company to unlock cash resources for general working capital and other potential investment funding. The transaction generated a realised gain of approximately HK$1 million, calculated as the difference between the total consideration received and the total purchase price of the Tencent shares sold.

Since the disposals were conducted through the open market on the Stock Exchange of Hong Kong at prevailing market prices, the directors consider the transactions to be fair and reasonable, conducted on normal commercial terms, and in the best interests of the company and its shareholders as a whole.