According to the Zhitong Finance App, Yingxing Holdings (01440) announced that on October 23, 2026, the company plans to sell all of Circle Time's issued share capital and transfer sales loans to Rongwei Investment Co., Ltd. at a cost of HK$58.7 million.

As of the date of this announcement, Circle Time held: (i) 50% of Xingbai's issued share capital. Xingbai is a joint venture with Asia Partners to organize and operate CR7 Museum HK; and (ii) the entire issued share capital of Golden Machinery, which operates the commodity business related to CR7 Museum HK.

The directors believe that the sale will bring the following benefits to the Group: (i) since the costs will be paid off all of the company's shareholders' loans to the buyer, the sale will reduce the Group's debt and overall liabilities without additional cash outflow; (ii) in view of the sale Group's current financial situation and operations, the sale will enable the Group to realize the value of the original bad loans receivable under the sales loan; (iii) the sale of the Group's financial performance, including further losses or liabilities arising from or relating to legal litigation, will No longer incorporated into the Group's financial statements; and (iv) the sale will enable the Group management to reallocate time, energy and resources from legal litigation and unprofitable joint ventures to other promising businesses of the Group. The directors believe that such business will bring better returns to shareholders.

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