AUTO ITALIA(00720.HK): Subsidiary Signs Automobile Sales Contract Worth Approximately EUR3.46 Million

NewTimeSpace News: Auto Italia Holdings Limited (00720.HK) released a voluntary announcement on 4 August 2026. Handerson Auto Import and Export (Chongqing) Co., Limited, its indirectly wholly‑owned subsidiary acting as the seller, has concluded a sales contract with Fabrika Poljoprivredne Mehanizacije Agromehanika D.O.O. Boljevac as the buyer, agreeing to sell Euro‑eBOLD‑model vehicles for a total contract amount of approximately EUR3.46 million.

The buyer Fabrika is a company incorporated in Serbia and is a connected entity of Gama Elektrocentar D.O.O., which is principally engaged in new‑energy‑vehicle distribution and servicing within Serbia. Following reasonable enquiries made by the Directors, the buyer and its ultimate beneficial owners are independent third‑parties from the Company and its connected persons.

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