TOP FORM INT'L (00333) has announced that it, along with Shenzhen Textile (Group) Co., Ltd., is in discussions to dispose of their entire stake in Shenzhen Top Form内衣有限公司 (the "Target Company"). The proposed sale would involve transferring the 70% ownership held by the company and the 30% stake owned by Shenzhen Textile, collectively representing all of the Target Company's equity. The Target Company, a subsidiary of TOP FORM INT'L, holds a portfolio of industrial and residential properties located in the Bagua Ling Industrial Zone, Futian District, Shenzhen.

The Target Company's primary business operations revolve around property investment and the provision of consulting services related to women's underwear and accessories. According to information from Shenzhen Textile, the potential disposal would constitute a transfer of state-owned assets, given Shenzhen Textile's status as a state-owned enterprise. In accordance with Chinese laws and regulations governing state-owned asset transfers, the proposed transaction would need to be conducted through a public bidding process at the Shenzhen United Property and Equity Exchange (深圳联合产权交易所).

To assess initial market interest and identify potential buyers, TOP FORM INT'L and Shenzhen Textile are scheduled to issue a notice soliciting expressions of interest via the Shenzhen United Property and Equity Exchange on September 3, 2026. The public solicitation period is set to run for a duration of twelve months starting from the date of the notice's publication.