Core Viewpoint - China Resources Land (01109.HK) has entered into a placement agreement with UBS AG Hong Kong Branch to sell 49.5 million shares of its subsidiary, China Resources Mixc Lifestyle (01209.HK), representing approximately 2.17% of the total issued shares as of the announcement date [1] Group 1 - The company directly holds 1.65 billion shares of China Resources Mixc Lifestyle, which accounts for about 72.29% of the total issued shares [1] - After the completion of the placement, assuming no changes in the total issued shares, the company's ownership in China Resources Mixc Lifestyle will decrease to approximately 70.12% [1] - China Resources Mixc Lifestyle will continue to be a subsidiary of the company, and its financial performance will still be consolidated into the group's financial statements [1] Group 2 - The estimated net proceeds from the sale are approximately HKD 2.061 billion [2] - The proceeds are intended to be used for land acquisition reserves, development costs, and general working capital [2] - The company believes that the placement will diversify the shareholder structure of China Resources Mixc Lifestyle, encouraging institutional investment and increasing share liquidity, thereby enhancing market confidence and share value [2]