Minmetals Land Limited (Stock Code: 230) and June Glory International Limited jointly announced that the proposal for the privatization of Minmetals Land Limited, implemented by way of a scheme of arrangement under Section 99 of the Companies Act, has become effective. According to the announcement, the Court sanctioned the scheme on 25 February 2026 (Bermuda time), and a copy of the order was registered on 27 February 2026 (Bermuda time).

The outstanding conditions were fulfilled on 27 February 2026 (Bermuda time), making the scheme effective as of that date. Consequently, the listing of Minmetals Land Limited shares on the Stock Exchange is scheduled to be withdrawn at 4:00 p.m. on 3 March 2026. In addition, cheques for the cash payment under the scheme are set to be dispatched on or before 10 March 2026.

The announcement also confirms that, subject to the scheme’s effectiveness, the board lot size for the company’s shares has been changed from 2,000 shares to 800,000 shares effective 2 March 2026.