ELIFE HLDGS (Stock Code: 00223) disclosed that on 17 March 2026 its indirect wholly owned subsidiary, Zhongnongxin Supply Chain Management (Beijing) Limited, signed an equity transfer agreement to sell 100% of Guangdong Shangpinhui Supply Chain Management Co., Ltd. to Meizhou City Yichanglong Logistics Co., Ltd. for RMB0.82 million (approximately HK$0.90 million). The purchaser is held 60% by Mr. Qiu Peian and 40% by Ms. Guo Xiaofang and is classified as an Independent Third Party.

Completion will occur within ten working days after all precedent conditions—internal approvals, regulatory consents, clean title, and accuracy of warranties—are satisfied or waived. Following completion, Guangdong Shangpinhui will cease to be consolidated into ELIFE HLDGS’ financial statements.

Target financials highlight deteriorating performance: • FY24 revenue: HK$40.67 million; net profit: HK$0.89 million. • FY25 revenue: nil; net loss: HK$5.62 million, including a HK$5.50 million expected credit-loss allowance. • Net liabilities as of 30 September 2025: approximately HK$2.70 million.

Based on the consideration and the target’s net liabilities, ELIFE HLDGS expects to record an unaudited disposal gain of about HK$3.60 million, subject to final audit. Net proceeds, after expenses, are earmarked for general working capital.

Management cited strategic realignment toward AI-driven digital supply-chain services and smart hotel displays as the motivation for exiting the low-margin fruit and agricultural supply-chain segment. The transaction qualifies as a discloseable transaction under Chapter 14 of the HKEX Listing Rules, triggering reporting and announcement requirements but not shareholder approval.

Shareholders and prospective investors are advised to exercise caution, as completion remains conditional.