DRAGON KING GP (08493) announced that on August 28, 2025, the potential purchaser (a direct wholly-owned subsidiary of the Company) and the potential vendor entered into a non-binding memorandum of understanding regarding the possible acquisition of 70% of the issued share capital of the target company, MANGO TREE (KOWLOON) LIMITED. The target company is a limited company incorporated in Hong Kong, currently operating a Thai cuisine restaurant under the trade name Mango Tree in Hong Kong (the Target Restaurant). The potential vendor is a limited company incorporated in Hong Kong. As of the date of this announcement, the target company is a direct wholly-owned subsidiary of the potential vendor, while the potential vendor is indirectly wholly owned by 1957 & Co.(Hospitality)Limited, whose shares are listed on the GEM of the Stock Exchange (08495). The Board believes that the Target Restaurant, with its strategic location, established customer base and reputable brand, represents a potential opportunity to broaden the Group's cuisine portfolio by introducing new Thai food offerings alongside its existing Cantonese cuisine business. If materialized, the possible acquisition is expected to enable the Group to cater to a broader range of customer preferences and strengthen its resilience through diversified revenue sources. The Board further notes that paying earnest money under the memorandum of understanding can ensure exclusivity and facilitate due diligence and negotiations with the potential vendor. This arrangement reflects the Group's intention to explore the possible acquisition in a structured manner, and should a formal agreement be subsequently entered into, the earnest money will be applied towards the consideration for the possible acquisition.