China Travel International Investment Hong Kong Limited (Stock Code: 308) released an announcement outlining plans to distribute its Tourism Real Estate Business via a distribution in specie, pursue a possible discloseable and connected transaction, and conduct a proposed capital reduction. These matters will be presented for approval at an extraordinary general meeting (EGM) scheduled for 14 November 2025.

Under the proposed distribution in specie, shareholders can elect to receive PrivateCo shares proportional to their existing holdings or opt for a cash alternative of HK$0.336 per Share. The controlling shareholders have undertaken to acquire any remaining PrivateCo shares not chosen by shareholders who elect the cash alternative. According to the documents, this possible transaction constitutes a connected transaction under relevant listing rules.

The announcement also discloses a proposed capital reduction involving the reduction of HK$8.5 billion from the Company’s share capital account. The resulting credit will transfer to retained profits, potentially providing greater flexibility for future distributions and corporate exercises.

Shareholders on record as of 14 November 2025 will be eligible to vote on these proposals at the EGM. The register of members will be closed from 11 November 2025 to 14 November 2025 (both days inclusive). All resolutions, if approved, will be conditional upon completion of required regulatory and legal procedures, including any necessary court confirmations or approvals.