Kerry Properties Limited — Capital/Financing Update 2021

Nov 12, 2021

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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ANNOUNCEMENT POTENTIAL MAJOR TRANSACTION LAND TENDER AT HUANGPU DISTRICT, SHANGHAI, THE PRC INSIDE INFORMATION

On 12 November 2021, on Shanghai Municipal Huangpu District People’s Government’s website, the Relevant Authority announced that Brilliant Prestige Limited (“ BPL ”), a whollyowned subsidiary of Kerry Properties Limited (the “ Company ”), has been confirmed as the selected tenderer for the Project and to participate in its subsequent grant of land use rights for plots 198-1, 200-3, 064-01, 065-01, 066-01, 067-01, 070-01, 071-01, 072-01, 073-01, Bund Street and the underground space of plot 070-02, Jiangxinan Road, Shandongnan Road, Shengze Road (the “ Lots ”) situated at Huangpu District, Shanghai, the People’s Republic of China.

The result of the tender of the Lots and details of the Project is subject to the subsequent arrangement for the grant of land use rights and announcement to be made by the relevant land bureau. No legally binding contract in respect of the Lots or the Project has been entered into at this stage.

If the acquisition of the Lots (the “ Acquisition ”) were to proceed, the Acquisition may constitute a major transaction for the Company but it will be a Qualified Property Acquisition under Rule 14.04(10C) of the Listing Rules. If that happens, the Company will comply with the applicable requirements prescribed by the Listing Rules and/or Part XIVA of the SFO as and when appropriate. This announcement is made by the Company pursuant to Rule 13.09(2) of the Listing Rules and Part XIVA of the SFO.

Shareholders of the Company and potential investors should be aware that there is no assurance that the Acquisition will take place or as to when it may take place. As such, Shareholders of the Company and potential investors are advised to exercise caution in dealing in shares of the Company.

• For identification purposes only

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DEFINITIONS

“Listing Rules”

the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited;

“Project”

Heritage preservation and development project of plots 198-1, 200-3, 064-01, 065-01, 066-01, 067-01, 070-01, 071-01, 072-01, 073-01, Bund Street and the underground space of plot 070-02, Jiangxinan Road, Shangdongnan Road, Shengze Road situated at Huangpu District, Shanghai, the People’s Republic of China (中華人民共和國上海市黃浦區外灘街道 198-1、200-3、 064-01 、 065-01 、 066-01 、 067-01 、 070-01 、 071-01 、 072-01、073-01 地塊及江西南路、山東南路、盛澤路、 070-02 地下空間地塊);

• “Relevant Authority” the Office of the Task Force on Heritage Preservation and Development Project, Huangpu District; and

“SFO” the Securities and Futures Ordinance (Chapter 571 of the laws of Hong Kong).

By Order of the Board Kerry Properties Limited Cheung Ka Ki Company Secretary

Hong Kong, 12 November 2021

As at the date of this announcement, the Directors of the Company are:

Executive Directors:

Messrs. Wong Siu Kong, Kuok Khoon Hua, Bryan Pallop Gaw, Wong Chi Kong, Louis and Ms. Serene Siew Noi Nah

Independent Non- executive Ms. Wong Yu Pok, Marina, JP, Mr. Chang Tso Tung, Stephen and Directors: Mr. Hui Chun Yue, David

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