Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
This announcement does not constitute an offer to sell or the solicitation of an offer to buy any securities in the United States or any other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The securities referred to herein will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States except pursuant to an exemption from, or a transaction not subject to, the registration requirements of the Securities Act. Any public offering of securities to be made in the United States will be made by means of a prospectus. Such prospectus will contain detailed information about the company making the offer and its management and financial statements. The Company does not intend to make any public offering of securities in the United States.
You are cautioned not to place any undue reliance on the forward-looking statements (if any) contained herein. The Company cannot give any assurance that these forward-looking statements will prove to have been correct. These forward-looking statements are not guarantee of future performance and are subject to certain risks, assumptions and uncertainties. The Company undertakes no obligation to update or revise any forward-looking statements herein, whether as result of new information, future events or otherwise.
(Incorporated in the Cayman Islands with limited liability)
(Stock code: 1109)
POSSIBLE SPIN-OFF AND SEPARATE LISTING
OF THE PROPERTY MANAGEMENT AND COMMERCIAL
OPERATIONAL SERVICE BUSINESS OF THE GROUP
This announcement is made by China Resources Land Limited (the "Company", and together with its subsidiaries, the "Group") on a voluntary basis.
The board of directors (the "Board") of the Company would like to announce that the Company is considering a possible spin-off and separate listing of the property management service and commercial operational service business of the Group (the "Property Management and Commercial Operational Service Business") on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") (the "Possible Spin-off"). The Board is pleased to announce that the Company has received the approval from the Stock Exchange on August 21, 2020 that it may proceed with the Possible Spin-off pursuant to Practice Note ("PN15") to the Rules Governing the Listing of Securities on the Stock Exchange (the "Listing Rules"). The Possible Spin-off is not subject to the approval by the shareholders of the Company.