Sun Hung Kai Co and its indirect wholly-owned subsidiaries decided to subscribe for limited partnership interests in a partnership enterprise on July 15, 2024, involving an amount of 54.2 million euros (approximately 460.7 million Hong Kong dollars). The partnership enterprise invests in a large hotel owner in Europe through its wholly-owned subsidiary, which owns over 700 hotels in more than 20 countries. This transaction is deemed to be a disclosure transaction for Sun Hung Kai and the Allied Group under Chapter 14 of the Listing Rules, but is exempt from the requirement for shareholder approval. Sun Hung Kai believes that this transaction is in line with the overall interests of the Company and its shareholders, and is consistent with its long-term investment strategy. The...Show More

Sun Hung Kai Co and its indirect wholly-owned subsidiaries decided to subscribe for limited partnership interests in a partnership enterprise on July 15, 2024, involving an amount of 54.2 million euros (approximately 460.7 million Hong Kong dollars). The partnership enterprise invests in a large hotel owner in Europe through its wholly-owned subsidiary, which owns over 700 hotels in more than 20 countries. This transaction is deemed to be a disclosure transaction for Sun Hung Kai and the Allied Group under Chapter 14 of the Listing Rules, but is exempt from the requirement for shareholder approval. Sun Hung Kai believes that this transaction is in line with the overall interests of the Company and its shareholders, and is consistent with its long-term investment strategy. The Allied Group's main business is holding investments, while Sun Hung Kai focuses on crediting and investment management. The partnership enterprise is managed by the subscriber, Colony Partner, and ordinary partners, and was established in February 2024. After the transaction is completed, Sun Hung Kai and the Allied Group will not include the partnership enterprise in their respective consolidated financial statements.