China Resources Land Limited (stock code: 1109) has entered into a placing agreement on 13 November 2025 to dispose of 49,500,000 shares in its subsidiary, China Resources Mixc Lifestyle Services Limited (stock code: 1209), at a price of HK$41.70 per share. This represents approximately 2.17% of the total issued shares in CR Mixc Lifestyle as of the announcement date.

Upon completion, China Resources Land’s holding in CR Mixc Lifestyle will decrease from approximately 72.29% to about 70.12%. CR Mixc Lifestyle will continue to be a subsidiary, and its financial results will remain consolidated within the group. The transaction is expected to generate estimated net proceeds of approximately HK$2,061,270,400, which the company intends to apply toward acquiring land reserves, development costs, and general working capital.

The placing price reflects a discount of about 9.58% to CR Mixc Lifestyle’s 12 November 2025 closing price of HK$46.12, and a 1.27% discount to the average closing price of HK$42.24 over the last five consecutive trading days. The transaction does not constitute a disclosable transaction under Chapter 14 of the Listing Rules, and completion is set to occur two business days after the transaction date, subject to the terms and conditions of the placing agreement.