Sino Golf Expands Manufacturing Plant to Vietnam

Sino Golf Holdings Limited (stock code 00361.HK) is pleased to announce the acquisition of Hio Pro (Vietnam) Sporting Goods Company Limited, a golf equipment factory located in Hai Phong, Vietnam. For a consideration of US$2.5 million (approximately HK$19.4 million), through Sino Golf’s wholly-owned subsidiary and entire control of the Vietnam factory.

This acquisition represents a significant milestone in Sino Golf’s global expansion strategy. With most of our customers based in the United States, recent tariff increases on Chinese exports have posed challenges to competitiveness. By relocating part of our production to Vietnam, Sino Golf will benefit from lower tariff rates, improved cost efficiency, and enhanced access to international markets.

The Hai Phong factory is strategically positioned near major port, offering logistic advantages for both importing raw materials and exporting finished goods. The facility also enjoys favorable tax incentives under Vietnamese law, further strengthening its long-term value.