Cheung Kong Property Holdings:Proposes changing name to CK Asset Holdings Limited and on-sell of up to 25%of Reliance Home

On July 14, Cheung Kong Property Holdings (CKP) announced its proposal to changethe company name to “CK Asset Holdings Limited”, in an effort to better reflect itsstrategy “to achieve long-term sustainable business growth and value creation”through property businesses and worldwide investments with stable revenue,including infrastructure and aircraft leasing. CKP also announced that on July 13, itcompleted a C$2.82bn (HK$16.4bn) acquisition of Reliance Home Comfort, aCanadian home appliance company, in which it has proposed on-selling a 25% staketo its sister company CKI. CKP says it will provide more information in a circular byearly August, along with scheduling an EGM.

Please see inside for additional details on the announcements and ourtakeaways.