New World Development (00017) plans to split a securities investment fund and independently list it on the Shanghai Stock Exchange

Zhitong Finance App News, New World Development (00017) issued an announcement. On September 17, 2026, GF Fund Management Co., Ltd. (GF Fund Management Co., Ltd. , Ltd.) (As the manager of a securities investment fund) (securities investment fund manager) has submitted application materials (including) to the China Securities Regulatory Commission (China Securities Regulatory Commission) and the Shanghai Stock Exchange (Shanghai Stock Exchange) for the registration and listing of publicly raised commercial real estate investment trusts (securities investment funds) established by securities investment fund managers.

The proposed spin-off (proposed spin-off) would involve the independent listing of a securities investment fund on the Shanghai Stock Exchange and the Shanghai Hong Kong New World Tower (assets), a mixed-use property located at 300 Huaihai Middle Road, Huangpu District, Shanghai (composed of Shanghai K11 Art Mall Shopping Art Center and Shanghai K11 ATELIER New World Tower) as the underlying asset of the securities investment fund. As of the date of this announcement, the assets were wholly and indirectly owned by the Company through Shanghai New World Huaihai Property Development Co., Ltd. (Shanghai New World Huaihai Property Development Co., Ltd.).