Chang and Co. have decided not to pursue the separate listing of their business as reported in the media.

Cheung Kong announced on the Hong Kong Stock Exchange that its board of directors is aware of recent media reports regarding the potential separate listings of the company's global telecommunications assets and operations, as well as the health and beauty products business, and the possible transactions involving the company's telecommunications assets in several European countries. The announcement stated that the group receives suggestions from time to time and explores and evaluates potential opportunities. As of the announcement date, the board of directors has not made any decisions regarding any transactions involving existing telecommunications or retail assets and operations.