CTF Services Limited — Capital/Financing Update 2022

Dec 21, 2022

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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(incorporated in Bermuda with limited liability)

(stock code: 00659)

COMPLETION OF THE SALE OF GOSHAWK MANAGEMENT LIMITED TO SMBC AVIATION CAPITAL LIMITED

Reference is made to the announcement of the Company dated 16 May 2022 (the “ Announcement ”) in relation to the Transaction contemplated under the Transaction Agreement. Capitalized terms used herein shall have the same meanings as those defined in the Announcement unless otherwise defined herein.

The board of Directors of the Company is pleased to announce that all the conditions precedent to the Completion of the Transaction have been fulfilled and Completion took place on 21 December 2022 in accordance with the terms of the Transaction Agreement (as amended and supplemented). Upon Completion, Goshawk Aviation will cease to have any equity interest in GML and will no longer consolidate the financial results of the GML Group. Goshawk Aviation will continue to hold the Retained Entities and their financial results will remain to be equity accounted for by the Group.

The aggregate sum of the consideration for the Transaction received by Goshawk Aviation on Completion is approximately US$1.6 billion (equivalent to approximately HK$12.48 billion) (inclusive of the ticking fee), determined based on the terms of the Transaction Agreement (as amended and supplemented).

Unless otherwise specified in this announcement and for the purpose of illustration only, US$ is translated into HK$ at the rate of US$1.00 = HK$7.80.

By order of the Board Dr. Cheng Kar Shun, Henry Chairman

Hong Kong, 21 December 2022

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As at the date of this announcement, (a) the executive Directors are Dr. Cheng Kar Shun, Henry, Mr. Ma Siu Cheung, Mr. Ho Gilbert Chi Hang, Dr. Cheng Chi Kong, Adrian, Mr. Cheng Chi Ming, Brian and Mr. Cheng Chi Leong, Christopher; (b) the non-executive Directors are Mr. To Hin Tsun, Gerald, Mr. Dominic Lai and Mr. William Junior Guilherme Doo (alternate director to Mr. William Junior Guilherme Doo: Mr. Lam Wai Hon, Patrick); and (c) the independent non-executive Directors are Mr. Shek Lai Him, Abraham, Mr. Lee Yiu Kwong, Alan, Mrs. Oei Wai Chi Grace Fung, Mr. Wong Kwai Huen, Albert, Professor Chan Ka Keung, Ceajer and Ms. Ng Yuen Ting, Yolanda.

• For identification purposes only

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