Yuexiu Real Estate Investment Trust : ANNOUNCEMENT - ELECTION OF PAYMENT METHOD OF MANAGER'S FEE BY WAY OF CASH AND UNITS IN YUEXIU REAL ESTATE INVESTMENT TRUSTpdf Download

The Securities and Futures Commission of Hong Kong, The Stock Exchange of Hong Kong Limited and Hong Kong Exchanges and Clearing 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.

(A Hong Kong collective investment scheme authorised under section 104 of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong))

(Stock Code: 00405)

Managed by

ANNOUNCEMENT

ELECTION OF PAYMENT METHOD OF MANAGER'S FEE BY WAY OF

CASH AND UNITS IN YUEXIU REAL ESTATE INVESTMENT TRUST

As the Manager Fee Units Arrangement will lapse after the last payment of Manager's Fee for the period from 1 July 2018 to 31 December 2018 is made, on 15 January 2019, the REIT Manager has notified the Trustee in writing of its Election in respect of the Manager's Fee for the year ending 31 December 2019 to be paid to the REIT Manager in the form of Units as to 80% and in the form of cash as to 20%.

Reference is made to the circular of Yuexiu Real Estate Investment Trust (the "REIT") (the "Circular") dated 30 June 2012. Unless the context requires otherwise, terms used in this announcement shall have the same meaning as those defined in the Circular.

Pursuant to the Trust Deed, the REIT Manager is entitled to make an election for the payment of the Manager's Fee in cash and/or in Units and (if applicable) the respective percentages of the Manager's Fee to be paid in cash and/or in Units ("Election") annually on or before 15 January of each year by way of notice in writing to the Trustee and an announcement to the Unitholders.

As the Manager Fee Units Arrangement will lapse after the Last Payment is made, on 15 January 2019, the REIT Manager has notified the Trustee in writing of its

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Election in respect of the Manager's Fee for the year ending 31 December 2019 to be paid to the REIT Manager in the form of Units as to 80% and in the form of cash as to 20%. Such Election was made in accordance with the terms of the Trust Deed and had been approved by the Board on 9 December 2018.

Under the Trust Deed, an Election is irrevocable during the year in which it was made. In the event that the REIT Manager fails to make such Election in any year, the most recent valid election made by the REIT Manager in a prior year (if any) shall apply and, if there is no such prior year Election by the Manager, the Manager's Fee (as applicable) shall be paid in cash.

This announcement is made pursuant to clause 15.1 of the Trust Deed and paragraph 10.3 of the REIT Code

By order of the board of directors

Yuexiu REIT Asset Management Limited

(as manager of Yuexiu Real Estate Investment Trust)

YU Tat Fung

Company Secretary

Hong Kong, 15 January 2019

As at the date of this announcement, the REIT Manager Board comprises:

Executive Directors:	Mr. LIN Deliang (Chairman) and Mr. CHENG Jiuzhou
Non-executive Directors:	Mr. LI Feng and Mr. LIANG Danqing
Independent Non-executive	Mr. CHAN Chi On, Derek, Mr. CHAN Chi Fai, Brian,
Directors:	Mr. CHEUNG Yuk Tong and Mr. CHEN Xiaoou
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