Far East Consortium sells Charter Joy to JD.com unit for HK$750 million

• Far East Consortium agreed to sell Charter Joy to JD Fabulous Development XI, a JD.com-controlled vehicle, for an initial HK$750 million.
• Price adjusts to Charter Joy’s net asset value at completion; HK$75 million deposit due within five business days, held in escrow.
• Completion set for July 8, 2026; Charter Joy holds a Hong Kong property being converted into student accommodation, with full conversion expected in 2H 2026.
• Far East unit D H I Hotel Management will run the property for three years post-close, paying guaranteed income of HK$45 million a year.
• Estimated disposal gain about HK$423 million; about HK$630 million of group borrowings expected to be repaid, with roughly HK$106 million for working capital.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Far East Consortium International Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260706-12233055), on July 05, 2026, and is solely responsible for the information contained therein.