• Forsan sells 33.79% stake in Tianxing for A$8.3 million
• AMI ceases operations, equipment sold for US$4 million
• Company to divest remaining assets and distribute funds to shareholders

Merchant House International Limited (ASX: MHI) has reported its quarterly activities for the period ending 31 March 2025. The key highlights include the sale of Forsan's 33.79% interest in Tianxing Kesheng Leather Products Company Limited for approximately A$8.3 million, the cessation of operations at AMI American Merchant, Inc. following sustained long-term losses, and the sale of AMI's equipment for US$4 million. The company has been in advanced discussions with an interested party regarding the sale of AMI's land and buildings and will provide further information to the market should a transaction eventuate. With the Group having ceased the business operations noted above during 2024, the Board has initiated the process of preparing the sale of the remaining assets held by AMI. Following a successful divestment, shareholder approval will be sought for the distribution of residual funds to shareholders, voluntarily delisting from ASX, and a winding up of the Group. The company remains financially solvent with sufficient cash reserves to meet its liabilities as and when they fall due.

The company plans to divest the remaining assets held by AMI and distribute the residual funds to shareholders. It is not expected that the company's securities will be reinstated to quotation on the ASX.