Zhi Hua (01842.HK) transferred the rights to the Cheung Chau NFT-themed park project for 6.5 million yuan, incurring a loss of 0.61 million yuan.

GROWN UP GROUP (01842.HK) announced that its wholly-owned subsidiary, Yuli Gao Development, has entered into an agreement with the successor, Nexus Peak Ventures Limited, to transfer all rights, interests, and obligations under the cooperative framework agreement for the development of Cheung Chau NFT theme park project jointly with the partner CCC, for a price of 6.5 million yuan. The net proceeds of approximately 6.47 million yuan will be used as general working capital, and the company expects the Trade to record a loss of about 0.612 million yuan. According to the cooperative framework agreement established between the company and CCC in December 2022, the contracting parties agreed to collaborate on the development of Cheung Chau.

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