WANKO ENTERPRISES CO., LTD. (ABBREVIATED AS WANKO ENTERPRISES) ANNOUNCED PLANS TO SPLIT THREE HIGH-STANDARD WAREHOUSE LOGISTICS PARK PROJECTS UNDER ITS FLAGSHIP AND TO BE LISTED INDEPENDENTLY ON THE SHENZHEN STOCK EXCHANGE THROUGH A PUBLIC RAISING OF INFRASTRUCTURE SECURITIES INVESTMENT FUNDS (REIT). The divested assets include logistics parks in Huzhou City, Shaoxing City and Foshan, Guangdong Province, China. UNIVERSAL LOGISTICS, AS THE LOGISTICS AND WAREHOUSING SERVICES PLATFORM OF THE MANCO GROUP, WILL SELL ALL EQUITY IN THESE PROJECT COMPANIES TO INFRASTRUCTURE REITS. HUAXIA FUND AND CITIC SECURITIES, ACTING AS PUBLIC PRIVATE FUND MANAGERS AND ASSET SUPPORT SECURITIES MANAGERS RESPECTIVELY, HAVE SUBMITTED THEIR LISTING APPLICATIONS TO THE CHINA SECURITIES REGULATOR AND THE SHENZHEN STOCK EXCHANGE ON 1 MARCH 2024 AND HAVE BEEN ACCEPTED...Show More

WANKO ENTERPRISES CO., LTD. (ABBREVIATED AS WANKO ENTERPRISES) ANNOUNCED PLANS TO SPLIT THREE HIGH-STANDARD WAREHOUSE LOGISTICS PARK PROJECTS UNDER ITS FLAGSHIP AND TO BE LISTED INDEPENDENTLY ON THE SHENZHEN STOCK EXCHANGE THROUGH A PUBLIC RAISING OF INFRASTRUCTURE SECURITIES INVESTMENT FUNDS (REIT). The divested assets include logistics parks in Huzhou City, Shaoxing City and Foshan, Guangdong Province, China. UNIVERSAL LOGISTICS, AS THE LOGISTICS AND WAREHOUSING SERVICES PLATFORM OF THE MANCO GROUP, WILL SELL ALL EQUITY IN THESE PROJECT COMPANIES TO INFRASTRUCTURE REITS. HUAXIA FUND AND CITIC SECURITIES, ACTING AS PUBLIC PRIVATE FUND MANAGERS AND ASSET SUPPORT SECURITIES MANAGERS RESPECTIVELY, HAVE SUBMITTED THEIR LISTING APPLICATIONS TO THE CHINA SECURITIES REGULATOR AND THE SHENZHEN STOCK EXCHANGE ON 1 MARCH 2024 AND HAVE BEEN ACCEPTED. The company has been exempted by the HKEX from strict compliance with the relevant listing rules and confirmed that it is eligible for a split. The Board believes that this move will reflect the value of the assets, help raise funds and maintain market competitiveness and enhance the Group's overall image. However, the listing of the infrastructure REIT is still subject to review and approval by the China Securities and Exchange and there is no guarantee that it will take place or schedule.