Kinetic Development (1277) Announces Delay in Dispatch of Circular for Transactions

Bulletin Express02-27

Kinetic Development Group Limited (1277) issued an update about two transactions involving Taiyuan Seedland and Dongzhimen Properties. According to the latest announcement, the dispatch of the related circular, originally scheduled on or before 27 February 2026, will be postponed to on or before 30 April 2026.

The circular is expected to include details on the Sixth Supplemental Agreement, the Share Transfer Agreement, and the Debt Settlement Contract, along with recommendations from the Independent Board Committee and advice from the Independent Financial Adviser. The extension is due to the need for additional time to finalize information and commercial arrangements before the circular’s release.

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