HSBC Holdings plc (stock code: 5), Hang Seng Bank Limited (stock codes: 11 and 80011), and The Hongkong and Shanghai Banking Corporation Limited (referred to as HSBC Asia Pacific) issued a joint announcement on 27 November 2025, providing a monthly update on the proposal to privatise Hang Seng Bank by way of a scheme of arrangement under section 673 of the Companies Ordinance. The latest update confirms ongoing preparations and finalisation of the information to be included in the Scheme Document, with a plan to seek the High Court’s directions on convening the Hang Seng Bank Court Meeting.

The announcement indicates that the Scheme Document is expected to be dispatched on or before 17 December 2025. A detailed timeline for the proposal and the proposed withdrawal of Hang Seng Bank’s listing will be included in the Scheme Document, along with a subsequent joint announcement upon the document’s dispatch. Further updates will be made in accordance with regulatory requirements.

Shareholders and potential investors are reminded that the privatisation will proceed only if all conditions are satisfied or waived before the stated deadline. Caution is advised when dealing in securities of HSBC Holdings or Hang Seng Bank, and parties uncertain about their actions are encouraged to seek professional advice.