SOCAM Development Limited announced a discloseable and connected transaction involving the acquisition of a minority share interest in Shui On Contractors Limited (SOCON). The transaction follows a previous disposal in 2017, where the Company sold 30 SOCON shares, representing 15% of SOCON's issued share capital, to several employees of the SOCON Group. Under the related Sale and Purchase Agreement, the Purchasers granted call options to SOCAM, allowing the Company to reacquire all or part of the SOCON shares sold upon certain specified events at its discretion. This recent transaction involves the exercise of such call options, enabling SOCAM to increase its equity interest in SOCON. The transaction is subject to the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong.