According to the Zhitong Finance App, Xinyiwang Group (01686) issued an announcement. On the date of this announcement (that is, the date of exchange), a total of 1,719,427,500 new and fully paid shares have been issued and distributed to Sun Hung Kai Properties Group.

After the exchange was completed, Sun Hung Kai Properties Group held 3,450,150,000 shares (equivalent to approximately 84.4736% of the total number of issued shares), the Company's other core stakeholders held 17,273,658 shares (equivalent to approximately 0.4229% of the total number of issued shares), while the public held 616,868,675 shares (equivalent to approximately 15.1034% of the total number of issued shares). Based on the average trading volume price of shares (HK$5.4021 per share) in the 125 trading days immediately prior to the date of this announcement, the market value of shares held by members of the public was approximately HK$3,332,386,269, while the market value of 10% of the total number of issued shares was approximately HK$2,206,375,561.

As a result, the Company met the substitution threshold under section 13.32B of the Listing Rules on the exchange date. As of the date of this announcement, the Company will adopt a 10% replacement threshold instead of the 25% initial threshold to meet the minimum public shareholding requirement stipulated in section 13.32B of the Listing Rules.

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