The board of Yuexiu Property Company Limited (SEHK:123) announced the spin-off of a 5.16% stake in Yuexiu Real Estate Investment Trust (SEHK:405) on March 15, 2023. Yuexiu Property will reward shareholders on the 30th anniversary of listing and the 40th anniversary of the establishment of Yuexiu Property, through a special dividend in the form of a distribution in specie of units of Yuexiu Real Estate on the basis of 62 Units for every 1,000 Shares held by the qualifying shareholders, subject to the financial statements of Yuexiu Property. The record date for determining a Shareholder’s entitlement to the Distribution in Specie is Tuesday, June 13, 2023.

The total number of units to be distributed by Yuexiu Property is 249,574,360 represent approximately 12.29% Units held by the Yuexiu Property in Yuexiu Real Estate and approximately 5.16% of the total number of issued Units. Upon completion of the Distribution in Specie, Yuexiu REIT will continue to be an associate of Yuexiu Property. Subject to overseas legal and regulatory restrictions, if any, it should be noted that it may not be possible or practicable to distribute units in Yuexiu REIT to certain overseas shareholders of Yuexiu Property.