The Trust Agreement was established on 1 January 2014 and Hong Kong Lighting Investments Limited was established on 1 January 2014 and amended on 22 May 2024. The Chinese translation of the trust agreement is for reference only and, in case of discrepancies, the English version shall prevail. The purpose of establishing a trust is to conduct an authorized business and to manage trust assets and not to engage in activities that go beyond the authorized business. The Trust's principal investment target is Hong Kong Lighting Investments Limited, which aims to distribute 100% of the Group's distributable income to unit holders. Trusts may make cash distributions from the assets to unit holders, and the trust manager must ensure that all dividends received from HK Electric...Show More

The Trust Agreement was established on 1 January 2014 and Hong Kong Lighting Investments Limited was established on 1 January 2014 and amended on 22 May 2024. The Chinese translation of the trust agreement is for reference only and, in case of discrepancies, the English version shall prevail. The purpose of establishing a trust is to conduct an authorized business and to manage trust assets and not to engage in activities that go beyond the authorized business. The Trust's principal investment target is Hong Kong Lighting Investments Limited, which aims to distribute 100% of the Group's distributable income to unit holders. Trusts may make cash distributions from the assets to unit holders, and the trust manager must ensure that all dividends received from HK Electric Light Investments Limited are distributed to unit holders after deducting permitted fees. The Trust may not borrow, issue debt securities, or assume liability for others. The unit holder has no right to intervene in the management or operation of the trust or group business. The Trustee Manager has the right to announce the allocation and is responsible for payment to the unit holder. The Trust will not pay interest on any distributions or other monies payable to unit holders. The trustee must notify the HKEX of the decision on the distribution and publicly announce such decisions. Unit holders are required to provide residency or other tax related information upon request. Trusts can offer distribution reinvestment plans that allow unit holders to purchase additional units using their allocation. Trusts may also make non-cash distributions and allocate capital or fail to realize profits when deemed appropriate. Payments to unit holders will be made by postal cheque or money order to the unit holder's registered address or first joint holder. Trust assets are not the property of any unit holders and cannot be used to repay debts in the event of bankruptcy.