SUPERACTIVE GP (00176.HK)  0.000 (0.000%)   announced in respect of the assets subject to securities related in favour of the Hang Seng Bank in connection with the term loans granted from Hang Seng Bank to the Company, Best Success and Force China, including among others, the properties of Units 1501, 1502, 1510, 1511, 1512A and 1512B of Shun Tak Centre West Tower, 168-200 Connaught Road Central, Sheung Wan, Hong Kong, held by Best Success and Force China.

On 29 May 2026, the Group received several demand letters from the lawyers of Hang Seng Bank informing the Company, Best Success, and Force China that the Receivers enforced the Properties held by it by disposing.

According to the Demand Letters, the part of the proceeds of HK$49.7953 million and HK$75.484 million from the Enforcement Disposal was applied to set off the outstanding principal sums and interest under the Term Loans due by Best Success and Force China respectively on 30 January 2026 and after such set-off, the Group is still indebted to the Hang Seng Bank in the sum of approximately HK$98.228 million being the principal amount of the Term Loans and HK$28.341 million being the accrued interest up to 30 January 2026, and further demand the Group’s repayment of the total amount of outstanding immediately and in any even no later than 3 to 7 business days from the date of the Demand Letters respectively.

Upon the Enforcement Disposal completed, the Group ceased to have any interest in the Properties. As at 30 January 2026, based on the unaudited financial statements of the Group, the net assets value of the Properties was approximately HK$202 million. Based on the sale proceeds of approximately HK$132 million, the Group will record a disposal loss of approximately HK$70 million as a result of the Enforcement Disposal.
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