ZO FUTURE GROUP fully sells its UK football club business, with a pre-tax profit of nearly 250 million yuan

ZO FUTURE GROUP (02309.HK) announced a related transaction, selling approximately 51.72% equity of the UK professional football club business - BCL, along with shareholder loans, for a total cash consideration of £5 million (approximately HKD 53.5 million). It is estimated that the sale will generate a pre-tax profit of approximately HKD 246 million. Upon completion, the group will no longer hold any equity in BCL