China Merchants Commercial Real Estate Investment Trust (SEHK:1503) entered into a sale and purchase agreement to acquire 46.41% stake in Onward Science & Trade Center in Chaoyang District of Beijing from China Merchants Shekou Industrial Zone Holdings Co., Ltd. (SZSE:001979) on June 13, 2022. China Merchants Commercial Real Estate will pay approximately CNY 1.34 billion and with this amount less CNY 88.47 million the withholding amount drawn down from the New Facility. The shareholders of China Merchants Commercial Real Estate has approved the deal. The transaction is completed following the satisfaction or waiver of all the Conditions under the Sale and Purchase Deed.

China Merchants Commercial Real Estate Investment Trust (SEHK:1503) completed the acquisition of 46.41% stake in Onward Science & Trade Center in Chaoyang District of Beijing from China Merchants Shekou Industrial Zone Holdings Co., Ltd. (SZSE:001979) on June 30, 2022.