ENM Holdings Limited has issued its August monthly update under Rule 3.7 of Hong Kong’s Takeovers Code, detailing revised timelines for its previously announced strategic initiatives, including the proposed disposal of the Hilltop Land, capital reduction, special dividend distribution, voluntary delisting, and subsequent winding-up of the company.

Key points

1. Road gazettal timetable • Following consultations with its land consultant, ENM Holdings now anticipates completion of the Government road gazettal procedure for the Hilltop Land in the third quarter of 2027. • The launch of the land-sale tender process is expected to commence in the same quarter, contingent upon the gazettal’s progress and other regulatory approvals.

2. Disposal and follow-on transactions • Management is targeting completion of the Hilltop Land disposal in the first quarter of 2028. • The proposed distribution of proceeds, voluntary delisting from the Hong Kong Stock Exchange, and winding-up of the company remain conditional on the successful completion of the land disposal.

3. Ongoing disclosure obligations • In line with Rule 3.7, ENM Holdings will continue releasing monthly updates until either a firm intention to make an offer under Rule 3.5 is announced or the company confirms it will not proceed. • Further announcements will be made as required by the Listing Rules and the Takeovers Code.

4. Cautionary statement • The board reiterates that there is no certainty the proposed transactions will be consummated, noting that identification of a purchaser for the Hilltop Land remains pending. Shareholders and potential investors are urged to exercise caution when dealing in the company’s shares and to seek professional advice if in doubt.

The board, led by Executive Director and CEO Penny Soh Peng Crosbie-Walsh, accepts full responsibility for the accuracy of the information contained in the announcement dated 14 August 2026.