Substantial Shareholders

Substantial Shareholders' Interests in Shares as of September 27, 2022*

Name Number of Shares %
Chan Tan Ching Fen;
         Cole Enterprises Holdings (PTC) Limited; and
         Merssion Limited
2,699,591,340 60.00 (Note 1)
Adriel Chan 2,715,751,340 60.36 (Note 2)
Hang Lung Group Limited 2,671,258,240 (Note 3) 59.37 

* In accordance with Notices filed by individuals/corporations pursuant to the Securities and Futures Ordinance.

Note 1

Interests represent 28,333,100 shares held by Merssion Limited (the Trust) and its deemed interest in shares held by Hang Lung Group Limited.  Chan Tan Ching Fen (founder of the Trust) and Cole Enterprises Holdings (PTC) Limited (trustee of the Trust) have deemed interest in the same parcel of the shares held by the Trust and Hang Lung Group Limited.

Note 2

Adriel Chan (discretionary beneficiary of the Trust) has deemed interest in 2,715,751,340 (60.36%) held by the Trust and Hang Lung Group Limited.

Note 3

Including the following shares held by the wholly-owned subsidiaries of Hang Lung Group Limited:

Name Number of Shares
Prosperland Housing Limited 1,267,523,511
Purotat Limited 354,227,500

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