CK Asset : EXPECTED DATE OF DESPATCH OF THE CIRCULAR AND OFFER DOCUMENT

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This announcement has been prepared pursuant to, and in order to comply with, the Listing Rules, the Takeovers Code and the Share Buy-backs Code. This announcement is for information purposes only and does not constitute an offer to acquire, purchase or subscribe for any securities or an invitation to enter into an agreement to do any such things, nor is it calculated to invite any offer to buy, sell or subscribe for any securities.

Not for release, publication or distribution, in whole or in part, in, into or from any jurisdiction where to do so would constitute a violation of the relevant laws or regulations of such jurisdiction.

CK ASSET HOLDINGS LIMITED

長江實業集團有限公司

(Incorporated in the Cayman Islands with limited liability) (Stock Code: 1113)

EXPECTED DATE OF DESPATCH OF THE CIRCULAR AND OFFER DOCUMENT

The date of despatch of the Circular and Offer Document to Shareholders is expected to be on 27 April 2021. A detailed timetable for the Proposal will be set out in the Circular and Offer Document.

The Proposal is subject to all of the Conditions being fulfilled or waived (as applicable) and therefore may or may not become unconditional. If any of the Conditions is not fulfilled or waived (as applicable), the Proposal will not proceed and will immediately lapse. Shareholders of and/or potential investors in the Company should therefore exercise caution when dealing in the Shares. Persons who are in doubt as to the action they should take should consult their stockbroker, bank manager, solicitor or other professional advisers.

Reference is made to the announcement published by CK Asset Holdings Limited (the "Company") dated 18 March 2021 (the "Announcement") in relation to the Proposal. Unless otherwise specified, capitalised terms used herein shall have the same meanings as those defined in the Announcement.

Pursuant to Rule 8.2 of the Takeovers Code, unless the Executive's consent is obtained, the Circular and Offer Document is required to be despatched to the Shareholders within 21 days of the date of the Announcement, which is on or before 8 April 2021.

As set in the Announcement, as additional time is required by the Company to prepare the relevant information to be included in the Circular and Offer Document, in particular the property valuation reports on the Company's property interests, the despatch date of the Circular and Offer Document is expected to be on 27 April 2021.

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An application has been made to the Executive for its consent to extend the despatch date of the Circular and Offer Document and the Executive has indicated that it is minded to grant consent for the despatch date of the Circular and Offer Document to be extended to a date no later than 27 April 2021. A detailed timetable for the Proposal will be set out in the Circular and Offer Document.

The Proposal is subject to all of the Conditions being fulfilled or waived (as applicable) and therefore may or may not become unconditional. If any of the Conditions is not fulfilled or waived (as applicable), the Proposal will not proceed and will immediately lapse. Shareholders of and/or potential investors in the Company should therefore exercise caution when dealing in the Shares. Persons who are in doubt as to the action they should take should consult their stockbroker, bank manager, solicitor or other professional advisers.

By Order of the Board

CK ASSET HOLDINGS LIMITED

Eirene Yeung

Executive Committee Member

& Company Secretary

Hong Kong, 8 April 2021

The Directors of the Company as at the date of this announcement are Mr. LI Tzar Kuoi, Victor (Chairman and Managing Director) , Mr. KAM Hing Lam (Deputy Managing Director) , Mr. IP Tak Chuen, Edmond (Deputy Managing Director) , Mr. CHUNG Sun Keung, Davy, Mr. CHIU Kwok Hung, Justin, Mr. CHOW Wai Kam, Raymond, Ms. PAU Yee Wan, Ezra and Ms. WOO Chia Ching, Grace as Executive Directors; and Mr. CHEONG Ying Chew, Henry, Mr. CHOW Nin Mow, Albert, Ms. HUNG Siu-lin, Katherine, Mr. Colin Stevens RUSSEL, Mr. Donald Jeffrey ROBERTS and Mr. Stephen Edward BRADLEY as Independent Non-executive Directors.

The Directors jointly and severally accept full responsibility for the accuracy of the information contained in this announcement and confirm, having made all reasonable inquiries, that to the best of their knowledge, opinions expressed in this announcement have been arrived at after due and careful consideration and there are no other facts not contained in this announcement, the omission of which would make any statement in this announcement misleading.

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