MOG DIGITECH (01942) announced that on August 25, 2025, Metro Eyewear (an indirect wholly-owned subsidiary of the company) entered into an agreement with Equitic Dynamic Core PLT (the purchaser). Under the agreement, Metro Eyewear has conditionally agreed to sell the sale shares (equivalent to all issued shares of the target company held by Metro Eyewear as registered holder and beneficial owner) to the purchaser for a total cash consideration of MYR 22 million (equivalent to approximately RMB 37.4 million).

Upon completion, Metro Eyewear will no longer hold any interest in the target company, and the target company will cease to be a subsidiary of the group and will be deconsolidated. The target company comprises 24 companies. The complete list of target companies along with relevant details of each company is as follows:

1. Caxia Eyewear Sdn Bhd. - A limited company incorporated in Malaysia, primarily engaged in wholesale and retail of optical products. As of the announcement date, Caxia Eyewear Sdn Bhd is 70% owned by Metro Eyewear and 30% owned by Chong Fooi Lee.

2. Eyershine Eyewear Sdn. Bhd. - A limited company incorporated in Malaysia, primarily engaged in optometry services and distribution of various optical equipment and related accessories. As of the announcement date, Eyershine Eyewear Sdn. Bhd. is 71% owned by Metro Eyewear and 29% owned by Tan Chip Seng.

3. Exon Eyewear Sdn. Bhd. - A limited company incorporated in Malaysia, primarily engaged in retail of eyewear and other optical merchandise. As of the announcement date, Exon Eyewear Sdn. Bhd. is 60% owned by Metro Eyewear and 40% owned by Low Wei Min.

4. Evershine Eye Care Sdn. Bhd. - A limited company incorporated in Malaysia, primarily engaged in retail of eyewear and other optical merchandise. As of the announcement date, Evershine Eye Care Sdn. Bhd. is owned 52% by Metro Eyewear, 16% by Chua Wei Quan, 11% by Ang Wang Chee, and 21% by Tan Chip Seng.

5. Evershine Gallery Sdn. Bhd. - A limited company incorporated in Malaysia, primarily engaged in retail of eyewear and other optical merchandise. As of the announcement date, Evershine Gallery Sdn. Bhd. is owned 52% by Metro Eyewear, 20% by Tan Kian Siong, 20% by Tan Chip Seng, 4% by Siti Hajar Binti Saad, and 4% by Foong Pei You.

6. Evershine Vision Care Sdn. Bhd. - A limited company incorporated in Malaysia, primarily engaged in retail of eyewear and other optical merchandise. As of the announcement date, Evershine Vision Care Sdn. Bhd. is owned 65% by Metro Eyewear, 15% by Chua Wei Quan, 10% by Muhammad Adham Bin Mohd Saad, 5% by Tan Kian Siong, and 5% by Tan Chip Seng.

7. Exon Optometry Sdn. Bhd. - A limited company incorporated in Malaysia, primarily engaged in retail of eyewear and other optical merchandise. As of the announcement date, Exon Optometry Sdn. Bhd. is owned 51% by Metro Eyewear, 20% by Low Wei Min, 14% by Low Wei Sheng, 10% by Koh Koh Wei, and 5% by Lee Wen Hui.

8. Fabulous Project Management Sdn. Bhd. - A limited company incorporated in Malaysia, primarily engaged in optometry services and distribution of various optical equipment and related accessories. As of the announcement date, Fabulous Project Management Sdn. Bhd. is wholly owned by Metro Eyewear.

9. Lux Optical Sdn. Bhd. - A limited company incorporated in Malaysia, primarily engaged in wholesale and retail of optical products. As of the announcement date, Lux Optical Sdn. Bhd. is 75% owned by Metro Eyewear and 25% owned by Retailtech Capital Sdn Bhd.

10. Metro Designer Eyewear Sdn. Bhd. - A limited company incorporated in Malaysia, primarily engaged in retail of optical products and property investment holding. As of the announcement date, Metro Designer Eyewear Sdn. Bhd. is owned 80% by Metro Eyewear, 10% by Ng Mui Quee, and 10% by Ng Moh Tang.

11. MOG Optometry (HK) Sdn. Bhd. - A limited company incorporated in Malaysia, primarily engaged in wholesale and retail of optical products. As of the announcement date, MOG Optometry (HK) Sdn. Bhd. is wholly owned by Metro Eyewear.

12. MOG Eyewear Boutique Sdn. Bhd. - A limited company incorporated in Malaysia, primarily engaged in trading and distribution of frames, sunglasses, and eye care chemicals. As of the announcement date, MOG Eyewear Boutique Sdn. Bhd. is 70% owned by Metro Eyewear and 30% owned by Dato' Mohzani Bin Abdul Wahab.

13. MOG Eyewear Sdn. Bhd. - A limited company incorporated in Malaysia, primarily engaged in trading and dealing in eyeglass frames, lenses, and related eye care products. As of the announcement date, MOG Eyewear Sdn. Bhd. is wholly owned by Metro Eyewear.

14. MOG Eyewear Holdings (M) Sdn. Bhd. - A limited company incorporated in Malaysia, primarily engaged in trading and dealing in eyeglass frames, lenses, and related eye care products. As of the announcement date, MOG Eyewear Holdings (M) Sdn. Bhd. is wholly owned by Metro Eyewear.

15. Modern Pride Sdn. Bhd. - A limited company incorporated in Malaysia, primarily engaged in wholesale and retail of optical products. As of the announcement date, Modern Pride Sdn. Bhd. is owned 60% by Metro Eyewear and 40% by Saw Boon Leng.

16. MOG (TPU) Sdn. Bhd. - A limited company incorporated in Malaysia, primarily engaged in wholesale and retail of optical products. As of the announcement date, MOG (TPU) Sdn. Bhd. is owned 60% by Metro Eyewear, 30% by Tam Chai Shen, and 10% by Tan Aik Mun.

17. MOG (QBM) Sdn. Bhd. - A limited company incorporated in Malaysia, primarily engaged in wholesale and retail of optical products. As of the announcement date, MOG (QBM) Sdn. Bhd. is owned 70% by Metro Eyewear and 30% by Saw Boon Leng.

18. MOG Eyewear (Kempas) Sdn. Bhd. - A limited company incorporated in Malaysia, primarily engaged in retail of eyewear and other optical merchandise. As of the announcement date, MOG Eyewear (Kempas) Sdn. Bhd. is owned 60% by Metro Eyewear, 32% by Sai Chow Joo, and 8% by Retailtech Capital Sdn. Bhd.

19. MOG Eyecity Sdn. Bhd. - A limited company incorporated in Malaysia, primarily engaged in optometry services and sales of various optical instruments and related accessories. As of the announcement date, MOG Eyecity Sdn. Bhd. is wholly owned by Metro Eyewear.

20. Modern Eyewear Sdn. Bhd. - A limited company incorporated in Malaysia, primarily engaged in retail of eyewear and other optical merchandise. As of the announcement date, Modern Eyewear Sdn. Bhd. is owned 55% by Metro Eyewear, 35% by Saw Boon Leng, and 10% by Kau Jueheng.

21. Optical Arts Sdn. Bhd. - A limited company incorporated in Malaysia, primarily engaged in wholesale and retail of optical products. As of the announcement date, Optical Arts Sdn. Bhd. is wholly owned by Metro Eyewear.

22. Success Optic Sdn. Bhd. - A limited company incorporated in Malaysia, primarily engaged in wholesale and retail of optical products. As of the announcement date, Success Optic Sdn. Bhd. is owned 51% by Metro Eyewear and 49% by Ko Kwan Yee.

23. Unique Eyewear Sdn. Bhd. - A limited company incorporated in Malaysia, primarily engaged in wholesale and retail of optical products. As of the announcement date, Unique Eyewear Sdn. Bhd. is wholly owned by Metro Eyewear.

24. Vivo Vision Sdn. Bhd. - A limited company incorporated in Malaysia, primarily engaged in retail of eyewear and other optical merchandise. As of the announcement date, Vivo Vision Sdn. Bhd. is owned 60% by Metro Eyewear and 40% by Koek Phek Ying.

After completion of the transaction, the group plans to enter into licensing agreements with the target companies, granting them necessary trademarks and operating rights. As licensees, the target companies will bear full responsibility for all operating costs, including staff expenses and rent. In return, the group will collect licensing fees based on the target companies' revenue performance. This strategic approach aims to effectively reduce risks while maximizing the combination of potential business growth and ownership interests, while minimizing uncertainties.

The directors also note that upon completion of the process, the number of subsidiaries controlled by the group will decrease, thereby streamlining the group's organizational structure. The streamlining arrangement is expected to reduce management costs and allow directors to focus on monitoring market trends and guiding business direction to achieve the group's long-term objectives.

Furthermore, the directors plan to use the proceeds from the disposal to support the development of the group's optical-related businesses. Additionally, if suitable merger and acquisition or strategic investment targets are identified, the group may consider reallocating part of the cash resources to meet the funding requirements for such business development or investment opportunities.

In view of the ongoing review of the group's business, the board believes that the disposal represents a valuable opportunity for the group's repositioning strategic measures. The directors firmly believe that upon completion of the disposal, the group will continue to leverage its advantages in retail acumen, operational excellence, and mature business model to serve core customers and achieve sustainable growth.