Y T Realty : MAJOR TRANSACTION - ACQUISITION OF LAND USE RIGHTS IN DAZHOU, SICHUAN PROVINCE, THE PRC - DELAY IN DESPATCH OF CIRCULAR

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 產 集 團 有 限 公 司#

Y. T. REALTY GROUP LIMITED

(Incorporated in Bermuda with limited liability)

(Stock code: 75)

MAJOR TRANSACTION

ACQUISITION OF LAND USE RIGHTS

IN DAZHOU, SICHUAN PROVINCE, THE PRC

DELAY IN DESPATCH OF CIRCULAR

Reference is made to the announcement of Y. T. Realty Group Limited (the "Company") dated 12 April 2021 in relation to the successful bids by the Bidder for the land use rights of (i) the Phase 1 Land Parcels at a consideration of RMB423,951,000 (equivalent to approximately HK$502,552,000), and (ii) the Phase 2 Land Parcels at a consideration of RMB478,656,000 (equivalent to approximately HK$567,399,000) through the Auction, which constituted Qualified Property Acquisitions under Rule 14.04(10C) of the Listing Rules (the "Announcement"). Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as those defined in the Announcement.

As set out in the Announcement, a circular of the Company containing, among other things, further details of the Acquisitions (the "Circular") is expected to be despatched to the Shareholders on or before 12 May 2021.

As additional time is required for the Company to finalise the contents of the Circular, it is expected that the despatch date of the Circular will be postponed to a date falling on or before 26 May 2021.

• For identification purpose only

By order of the Board

Y. T. Realty Group Limited

Cheung Chung Kiu

Chairman and Managing Director

Hong Kong, 12 May 2021

As at the date hereof, the Board comprises Cheung Chung Kiu, Yuen Wing Shing, Tung Wai Lan, Iris and Wong Hy Sky who are executive directors; and Ng Kwok Fu, Luk Yu King, James and Leung Yu Ming, Steven who are independent non-executive directors.