Haitong Unitrust (01905) Receives Partial Offer from Shanghai International Group at Substantial Premium; Trading to Resume on October 26

Zhitong Finance APP News, Haitong Unitrust (01905) and the Domestic Share Offeror Shanghai State-owned Assets Operation Co., Ltd. and the H Share Offeror Shanghai International Group (Hong Kong) Co., Ltd. jointly announced that the Domestic Share Offeror will make a voluntary cash partial offer subject to pre-conditions to acquire approximately 1.245 billion Domestic Shares from Domestic Shareholders (representing approximately 51.00% of the issued Domestic Shares and approximately 15.12% of the issued shares as at the date of this joint announcement); the Joint Financial Advisers will, on behalf of the H Share Offeror, make a voluntary cash partial offer subject to pre-conditions to acquire approximately 2.955 billion H Shares from all H Shareholders (representing approximately 51.00% of the issued H Shares and approximately 35.88% of the issued shares as at the date of this joint announcement). The offer price per Domestic Share is RMB1.85 in cash, and the offer price per H Share is HK$2.16 in cash, representing a premium of approximately 80.0% over the closing price of HK$1.20 per H Share as quoted on the Stock Exchange on the last trading day. The total cash consideration payable by the Domestic Share Offeror under the Domestic Share Partial Offer is approximately RMB2.303 billion, and the total cash consideration payable by the H Share Offeror under the H Share Partial Offer is approximately HK$6.383 billion.