SUN HUNG KAI CO (00086) and The Union Group (00373) jointly announced that on December 21, 2025 (New York time), the Subscriber (an indirect wholly-owned subsidiary of SUN HUNG KAI CO, which is an indirect non-wholly owned subsidiary of The Union Group) entered into a binding equity commitment agreement. The Subscriber agreed to commit up to USD 100 million (approximately HKD 778 million), subject to potential downward adjustment, to invest in a newly established co-investment fund managed by Trian Partners. This investment aims to participate in the acquisition of Janus Henderson Group plc (JHG), a global asset management company currently listed on the NYSE with USD 484 billion in assets under management.

SUN HUNG KAI CO is committed to expanding its alternative investment platform through strategic investments and global partnerships. Headquartered in London and listed on the NYSE, Janus Henderson Group is a leading active asset manager dedicated to helping clients achieve superior financial outcomes through distinctive insights, disciplined investing, and world-class service. As of September 30, 2025, JHG managed approximately USD 484 billion in assets with offices across 25 global cities.

The investment in JHG through this fund is expected to further enhance SUN HUNG KAI CO's capability to deliver innovative solutions to clients and support the platform's continued growth.