SUN HUNG KAI CO(00086) has pledged to invest $100 million in the WCD Fund and has committed to making a cornerstone investment of 25 million Australian dollars in the Wentworth GP Trust.

SUN HUNG KAI CO (00086) and ALLIED GROUP (00373) jointly announced that on January 21, 2025, New Heritage (an indirect non-wholly-owned subsidiary of ALLIED GROUP) entered into a binding agreement outline, with New Heritage agreeing to commit $100 million (equivalent to approximately 7.779 billion Hong Kong dollars) to the WCD fund, and committing to inject 25 million Australian dollars (equivalent to approximately 1.221 billion Hong Kong dollars) into the Wentworth GP trust fund as a cornerstone investment to invest in Wentworth's various investment strategies, provide strategic services, and provide operating capital loans to WCD. According to New Heritage's disclosure and confirmation, New Heritage is a leading alternative investment financial institution in Hong Kong with investments in public markets, alternative investments, and real estate, and has a strong track record of creating long-term risk-adjusted returns for shareholders. New Heritage utilizes its internal expertise, external networks, and financial resources to invest in attractive risk-adjusted opportunities. According to New Heritage's disclosure and confirmation, New Heritage is committed to expanding its alternative fund management platform through strategic investments and partnerships, and foresees rapid growth in Australia's private real estate lending market with opportunities everywhere. In an environment where fund demand is increasing and competition from traditional bank loans is decreasing, this investment can provide competitive risk-adjusted returns. These transactions enhance New Heritage's and Wentworth's mutual development strategies, establish long-term partnerships with high-quality teams, develop alternative investment products, and provide attractive risk-adjusted returns for the New Heritage Group and its capital partners. As a seed investor in the WCD fund, New Heritage partners with a rigorous institutional platform to connect quality opportunities with like-minded funds, driving the growth of the fund management scale. Positioned advantageously, New Heritage can leverage its relationships and distribution networks to assist in the growth and diversification of the WCD fund's capital structure. Through long-term participation in the revenue sharing of all existing and future WCD funds, New Heritage aligns with the platform's success, providing a sustainable and scalable growth model for its alternative fund management business.