• Merchant House sells AMI textile factory and land for US$8,021,358
• Sale proceeds of A$12,310,546, realizing a profit of A$3,461,884
• Also sells condominium for A$150,641, realizing a profit of A$75,974

Merchant House International Limited has announced the sale of the AMI textile factory and land for net proceeds of US$8,021,358. The sale follows the company's previous announcement in February 2025 regarding the sale of equipment at the AMI textile factory for US$4,000,000. The book value of the factory and land at 31 March 2025 was A$8,848,661, and the sale proceeds of approximately A$12,310,546 have resulted in a profit of A$3,461,884. The factory and land were sold to Leclerc Foods Virginia, LLC, and the company has confirmed that no directors or their associates have any association with the purchaser. Additionally, the company has sold a condominium with a book value of A$74,667 for A$150,641, realizing a profit of A$75,974. This condominium was sold to Mr. Lanxiang Sheng, and the company has confirmed that no directors or their associates have any association with the purchaser. The sale of all AMI assets has now been concluded.