Kinetic Development aggregates property acquisitions for debt settlement

Kinetic Development Group Limited has announced the aggregation of its Taiyuan Seedland and Dongzhimen Properties acquisitions. Both were made on the same date and are for the purpose of offsetting receivables due from companies ultimately owned by Mr. Zhang Liang, Johnson. The board resolved to aggregate these transactions under Listing Rules Rule 14A.81.

Given that the combined percentage ratios for the acquisitions exceed 5% but remain below 25%, the transactions are subject to announcement, annual reporting, and independent shareholders' approval under Chapter 14A of the Listing Rules. A resolution for approval will be put forth to independent shareholders at an upcoming EGM.

An independent board committee will be established to advise shareholders, with an independent financial adviser appointed for further guidance. Mr. Zhang Liang, Johnson, Mr. Zhang Li, and their associates will abstain from voting at the EGM. A circular detailing these transactions and the EGM notice is expected by February 27, 2026.