LIPPO (00226) plans to conduct a conditional special distribution of LIPPO CRH (00156) common stock through physical distribution.

LIPPO China Resources (00156) announced that the board of directors of LIPPO (00226) has decided to declare a conditional special dividend to be distributed to LIPPO shareholders listed on the record date in the LIPPO shareholder register, in the form of a physical distribution of shares of LIPPO's wholly owned subsidiary Skyscraper Realty Limited and its directly controlled subsidiaries, who currently hold up to approximately 303 million shares of the company's stock (representing approximately 33.01% of the total issued share capital of the company). Once all distribution conditions are met, shareholders will be able to receive their allocation under the distribution in the form of shares (with LIPPO shareholders receiving 615 shares for every 1000 shares held, adjusted to the nearest whole number) or in cash. The stock scheme under the distribution will be settled by transferring the shares held by Skyscraper to LIPPO shareholders who choose to receive the stock scheme. As of the date of this announcement, no distribution conditions have been met. As of the announcement date, LIPPO indirectly owns 689,018,438 shares through Skyscraper, representing approximately 74.99% of the issued shares. Following the distribution, LIPPO shareholders who choose to receive the stock scheme in the distribution will become shareholders of the company.