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EXTENSION OF LONG STOP DATE FOR DISCLOSEABLE TRANSACTION - DISPOSAL OF THE ENTIRE SHARE CAPITAL OF A SUBSIDIARY

2024-06-28 00:00:00

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.渝太地产集团有限公司* Y. T. REALTY GROUP LIMITED (Incorporated in Bermuda with limited liability) (Stock code: 00075) EXTENSION OF LONG STOP DATE FOR DISCLOSEABLE TRANSACTION DISPOSAL OF THE ENTIRE SHARE CAPITAL OF A SUBSIDIARY Reference is made to the announcement of Y. T. Realty Group Limited (the “Company”) dated 30 May 2024 in relation to the disposal of the entire share capital of a subsidiary of the Company (the “Announcement”). Unless otherwise define capitalised terms used in this announcement shall have the same meanings as defined in the Announcement.EXTENSION OF LONG STOP DATE Pursuant to the Sale and Purchase Agreement Completion is subject to the fulfilment or waiver (as the case may be) of certain conditions precedent set out in the Sale and Purchase Agreement (the “Conditions”) on or before the Long Stop Date. As additional time is required for the fulfilment of the Conditions the Purchaser and the Vendor entered into a supplemental agreement to the Sale and Purchase Agreement on 28 June 2024 (after trading hours) pursuant to which the parties agreed to extend the Long Stop Date from 30 June 2024 to 31 July 2024 (or such later date as the parties may agree in writing).Save as aforesaid all other terms and conditions of the Sale and Purchase Agreement shall remain unchanged.On behalf of the Board Y. T. Realty Group Limited Wong Hy Sky Chairman and Managing Director Hong Kong 28 June 2024 As at the date hereof the Board comprises Wong Hy Sky and Liu Jie who are executive Directors; and Luk Yu King James Leung Yu Ming Steven and Lai Degang who are independent non-executive Directors.* For identification purposes only