CHINA OVERSEAS (00688.HK): Proposed spin-off approved by the Stock Exchange; assured entitlement waiver granted

NewTimeSpace News: On 11 September 2026, China Overseas Land & Investment Limited (stock code: 00688) announced that it had submitted an application under Practice Note 15 to The Stock Exchange of Hong Kong Limited and applied for a waiver from strict compliance with paragraph 3(f) of Practice Note 15 in respect of the requirement to provide an assured entitlement to shareholders, and that on 11 September 2026 the Stock Exchange confirmed that the Company may proceed with the proposed spin-off on the Shenzhen Stock Exchange under Practice Note 15 and granted the Company the assured entitlement waiver.

The conditions of the assured entitlement waiver are set out in the section headed "Waiver from strict compliance with paragraph 3(f) of Practice Note 15" of the Company's announcement dated 7 September 2026, and include the reasons for not providing an assured entitlement to shareholders; the letter issued by the Company's legal advisers setting out the legal restrictions under PRC laws and regulations on the Company providing an assured entitlement to shareholders; and the written confirmation provided by the Board that the proposed spin-off and the assured entitlement waiver are fair and reasonable and in the interests of the Company and its shareholders as a whole.

The Company reminded shareholders and potential investors that the proposed spin-off and the listing of the public fund are subject to, among other things, prevailing market conditions and the review and/or registration by the China Securities Regulatory Commission and the Shenzhen Stock Exchange. Accordingly, there is no assurance that the proposed spin-off and the public offering of the public fund will proceed or when they will proceed, and shareholders and potential investors should exercise caution when dealing in the securities of the Company.

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