Pak Tak International Limited announced a conditional agreement on 30 June 2026 to dispose of its entire interest in Marvel Innovator Limited to Sun Fire Holding Limited.

Transaction Structure • Consideration: An immediate, non-refundable cash deposit of HK$2.00 million from the purchaser. • Promissory Note: At completion, Pak Tak will issue an unsecured, three-year promissory note for HK$100.00 million carrying 5% annual interest to the purchaser or its nominee. • No additional cash will be paid to Pak Tak at completion.

Release of Guarantees The purchaser must, within three months, procure the full release of RMB279.00 million in corporate guarantees previously granted by Pak Tak for a subsidiary’s borrowings. Outstanding claims under these guarantees total approximately RMB341.50 million. Completion will not proceed if the guarantees are not fully discharged.

Target Group Profile Marvel Innovator and its 16 subsidiaries operate hotel management, catering, property investment, supply-chain and leasing businesses. • Unaudited 2025 net loss: HK$45.25 million • Unaudited 2025 net liabilities: HK$176.46 million (assets HK$382.46 million; liabilities HK$558.92 million) • A subsidiary is currently subject to a court-ordered winding-up in Shenzhen.

Valuation & Consideration Basis Independent valuer BonVision International Appraisals determined the Target Group’s equity value to be of no commercial value as at 31 December 2025, citing negative equity of HK$137 million. The consideration reflects these findings, the assumption of all target debts by the purchaser and the benefit of releasing Pak Tak’s guarantees.

Financial Impact on Pak Tak Pak Tak expects to book an estimated pre-tax gain of about HK$78.46 million upon completion. Cash inflow is limited to the HK$2.00 million deposit, intended for general working capital. The promissory note represents a liability on Pak Tak’s balance sheet until repaid or redeemed.

Strategic Rationale The disposal aligns with Pak Tak’s strategy to concentrate on its core supply-chain operations, including iron-ore mining and milling, and to exit non-core, loss-making businesses while removing substantial guarantee exposures.

Regulatory Status The deal constitutes a disclosable transaction under Chapter 14 of Hong Kong’s Listing Rules, requiring only announcement and notification. Completion is expected five business days after all conditions, including guarantee release, are satisfied within the 90-day long-stop period.