One Media Group Limited Executes Major Disposal of MKC Shares

Key Highlights of the Transaction

• Major Transaction: One Media Group Limited (“the Company”) has completed the disposal of all its shares in Most Kwai Chung Limited (MKC), totaling 12,000,000 MKC Shares, via the open market on 13 March 2026.
• Total Consideration: The aggregate sale price amounts to approximately HK\$18.8 million (excluding stamp duty and related expenses).
• Average Selling Price: The average price per MKC Share disposed was around HK\$1.567.
• Fair Value Gain: The Company expects to record a fair value gain in other comprehensive income of approximately HK\$12.1 million as a result of the disposal.
• Complete Exit: After the disposal, the Group no longer holds any MKC Shares.

Details of the Disposal

On 13 March 2026, One Media Group Limited officially completed the disposal of all its 12,000,000 shares in MKC through open market trades. The transaction yielded gross proceeds of about HK\$18.8 million, with each share sold at an average price of HK\$1.567. The proceeds are to be settled in cash, and the Company clarifies that the identities of the buyers are unascertainable due to the nature of open market dealings. However, management confirms that all buyers are third parties independent of the Company and its connected persons.

Background on MKC

MKC (Most Kwai Chung Limited) is also a Cayman Islands-incorporated company, primarily engaged in digital media, print media, and related services (such as event organization and artiste management). The financial summaries for MKC Group are as follows:

• For the six months ended 30 September 2025 (unaudited):
  • Revenue: HK\$45.0 million
  • Profit before tax: HK\$1.52 million
  • Profit for the period: HK\$1.39 million
• For the year ended 31 March 2025 (audited):
  • Revenue: HK\$93.6 million
  • Profit before tax: HK\$6.48 million
  • Profit for the year: HK\$6.38 million
• For the year ended 31 March 2024 (audited):
  • Revenue: HK\$55.2 million
  • Loss before tax: HK\$9.31 million
  • Loss for the year: HK\$9.31 million

As of 30 September 2025:

• Unaudited consolidated total assets: HK\$72.7 million
• Net assets value: HK\$55.3 million

As of 31 March 2025:

• Audited consolidated total assets: HK\$71.8 million
• Net assets value: HK\$53.9 million

As of 31 March 2024:

• Audited consolidated total assets: HK\$61.0 million
• Net assets value: HK\$46.7 million

Rationale for the Disposal

• The Company is primarily focused on media businesses in Hong Kong and Taiwan, including magazine publishing and digital media.
• The Board considers the disposal as an opportunity to realize the investment in MKC and reallocate resources for other business needs, particularly general working capital.
• The transaction was executed at prevailing market prices, and the Board deems the terms fair and reasonable, and in the best interests of both the Company and its shareholders.

Shareholder Approval and Listing Rules Implications

• The disposal qualifies as a “major transaction” under Chapter 14 of the Hong Kong Listing Rules, as the applicable percentage ratios exceed 25% but are less than 75%.
• This triggers the requirements for reporting, announcement, circular, and shareholder approval.
• No shareholder is considered to have a material interest in the transaction, so no abstention from voting would be required.
• Comwell Investment Limited, holding about 73.01% of the Company’s issued share capital, provided written approval on 13 March 2026, so a general meeting will not be convened.
• A circular containing further details will be dispatched to shareholders on or before 2 April 2026.

Potential Impact on Share Price

• Significant Realized Gain: The disposal leads to a fair value gain of approximately HK\$12.1 million, which could positively impact the Company’s financial statements and potentially its share price.
• Cash Proceeds for New Investments: The Company’s strengthened cash position may allow for new business initiatives or support existing operations, potentially enhancing shareholder value.
• Strategic Refocus: By exiting its position in MKC, the Company can better concentrate on its core operations and potential growth opportunities in the Hong Kong and Taiwan media markets.
• Reduction in Exposure to MKC: Investors should note that the Company will no longer benefit from any future upside in MKC, but also avoids future risks associated with MKC’s business.

Conclusion

This major disposal marks a strategic reallocation of resources for One Media Group Limited. Investors should monitor subsequent updates, particularly the use of proceeds and any new initiatives announced by the Group.

Disclaimer

This article is based on the official announcement published by One Media Group Limited. The information is provided for reference only and does not constitute investment advice. Investors are advised to consult professional advisors before making any investment decisions. The Company’s share price may be affected by various factors, including but not limited to, the transaction described herein and the overall market environment.

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