Neway Group Holdings Limited owns an industrial building in Fanling, Hong Kong ("Fanling Building"), part of which is self-used by the Group as office and part of which is used for the operation of the mini storage business of the Group. With a view to reallocating the resources of the Group more efficiently and enhancing the Group's operations and financial prospects in the long term, the Group is considering to sell or lease out the Fanling Building ("Proposed Transaction"). In this regard, the Group has appointed a professional property agent to identify potential buyers or tenants in the market. If the Proposed Transaction materializes, the Company will comply with the applicable requirements of the Listing Rules and further announcement will be made by the Company as and when appropriate in compliance with the Listing Rules.