LANGHAM-SS (01270) announced that the total management fee payable to the hotel manager for the year ending December 31, 2025, amounts to approximately HKD 62.003 million. Of this total, approximately HKD 27.959 million has been paid for the first half of 2025.

The board disclosed that the management fee for the six-month period ending December 31, 2025, will be settled by issuing 55.8088 million new stapled units at HKD 0.610 per unit, pursuant to a specific authority, subject to a deferral mechanism. To comply with the public float requirement under the listing rules, the stapled units for the second half of 2025 will be issued in tranches. On the payment due date, only 25.3856 million stapled units (the first tranche) will be allotted and issued to LHIL Assets.

Based on publicly available information and to the board's knowledge, any further issuance of stapled units to LHIL Assets following the first tranche would breach the public float requirement. Consequently, under a supplemental agreement, the allotment and issuance of the remaining 30.4232 million stapled units will be subject to the deferral mechanism.

Upon instruction from the hotel manager, and to facilitate an in-kind distribution while adhering to the public float rules, the trust and the company will allot and issue 30.4232 million stapled units at HKD 0.610 per unit to qualified shareholders of Great Eagle Holdings on April 2, 2026. This issuance will account for the entirety of the deferred stapled units. Following the allotment and issuance of all deferred stapled units, the outstanding management fee for the six months ending December 31, 2025, will be fully settled.