According to reports, MINMETALS LAND (00230) and the offeror, June Glory International Limited, jointly announced that on October 23, 2025, the offeror requested the board to present a proposal to the shareholders regarding the privatization of the company under Section 99 of the Companies Ordinance via a scheme. The company has applied to the Stock Exchange for the resumption of trading of its shares and the group's debt securities (Debt Securities Code: 40768) starting from 9:00 AM on October 24, 2025. The proposal will be implemented by way of a scheme, where the scheme shares will be cancelled in exchange for a cash payment of HKD 1.00 per scheme share. This cancellation price represents a premium of approximately 104.08% over the closing price of HKD 0.490 per share on the last trading day at the Stock Exchange. The cancellation price will not be increased, and the offeror has not reserved the right to do so. Shareholders and potential investors should note that following this statement, the offeror will not be able to raise the cancellation price. As of the announcement date, the company has issued 3.347 billion shares; unrelated plan shareholders hold 1.276 billion shares (approximately 38.12% of the issued shares), and the offeror holds 2.071 billion shares (approximately 61.88% of the issued shares). Assuming no further shares are issued before the record date, the maximum cash consideration payable for the proposal is approximately HKD 1.276 billion. The offeror is a limited company incorporated in the British Virgin Islands, fully owned by Minmetals Hong Kong. As of the announcement date, 94.11% and 5.89% of the offeror’s entire issued shares are held by China Minmetals and the National Social Security Fund of the People's Republic of China, respectively.