SPH Notice – Black Crane Asia Pacific Opportunities Fund

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Disclosure of movement of 1% or more in substantial holding
or change in nature of relevant interest, or both
Sections 277 and 278, Financial Markets Conduct Act 2013
To NZX Limited
and
To Sky Network Television Limited
Relevant event being disclosed: movement of 1% or more in a substantial holding
Date of relevant event: 2 June 2020
Date this disclosure made: 4 June 2020
Date last disclosure made: 2 April 2020
Substantial product holder(s) giving disclosure
Full name(s): Black Crane Asia Pacific Opportunities Fund
Summary of substantial holding
Class of quoted voting products: Ordinary shares
Summary for Black Crane Asia Pacific Opportunities Fund
For this disclosure,—
(a) total number held in class: 89,496,785
(b) total in class: 1,434,855,609
(c) total percentage held in class: 6.24%
For last disclosure,—
(a) total number held in class: 22,356,578
(b) total in class: 436,226,518
(c) total percentage held in class: 5.12%
Details of transactions and events giving rise to relevant event
Details of the transactions or other events requiring disclosure: See appendix 1
Details after relevant event
Details for Black Crane Asia Pacific Opportunities Fund
Nature of relevant interest(s): Beneficial owner. No relevant agreement document needs to
be attached under regulation 139.
For that relevant interest,—
(a) number held in class: 89,496,785

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(b) percentage held in class: 6.24%
(c) current registered holder(s): JP Morgan Nominees Australia Ltd
(d) registered holder(s) once transfers are registered: Not applicable
For a derivative relevant interest, also—
(a) type of derivative: Not applicable
(b) details of derivative: Not applicable
(c) parties to the derivative: Not applicable
(d) if the substantial product holder is not a party to the derivative, the nature of the
relevant interest in the derivative: Not applicable
Additional information
Address(es) of substantial product holder(s): 2/F, Harbour Place, 103 South Church
Street, P.O. Box 472, George Town, Grand Cayman KY1-1106, Cayman Islands
Contact details: Peter Kennan (email: peter.kennan@black-crane.com; Tel: +852
6503 5252)
*Nature of connection between substantial product holders: Not applicable
*Omit if disclosure is made for only 1 substantial product holder.
Name of any other person believed to have given, or believed to be required to give, a
disclosure under the Financial Markets Conduct Act 2013 in relation to the financial
products to which this disclosure relates: Not applicable
*Disclosure has effect for purposes of directors’ and senior managers’ disclosure
Not applicable
*Omit if inapplicable (see section 302 of the Financial Markets Conduct Act 2013).
Certification
I, PETER DAVID KENNAN, certify that, to the best of my knowledge and belief, the
information contained in this disclosure is correct and that I am duly authorised to make
this disclosure by all persons for whom it is made.

Appendix 1
Date of eventPerson whose relevant interest changedNature of event
Consideration given in
relation to change
Class and number of
securities affected
Person's votes
affected
31/1/2020Black Crane Asia Pacific Opportunities FundBuy697,392.00 1,000,000.00 0.23%
3/2/2020Black Crane Asia Pacific Opportunities FundBuy69,308.34 100,000.00 0.25%
4/2/2020Black Crane Asia Pacific Opportunities FundBuy45,773.76 68,000.00 0.27%
5/2/2020Black Crane Asia Pacific Opportunities FundBuy19,839.60 30,000.00 0.27%
7/2/2020Black Crane Asia Pacific Opportunities FundBuy85,971.60 130,000.00 0.30%
10/2/2020Black Crane Asia Pacific Opportunities FundBuy77,650.99 120,000.00 0.33%
11/2/2020Black Crane Asia Pacific Opportunities FundBuy67,373.28 107,000.00 0.36%
12/2/2020Black Crane Asia Pacific Opportunities FundBuy30,310.50 50,000.00 0.37%
13/2/2020Black Crane Asia Pacific Opportunities FundBuy89,251.65 145,000.00 0.40%
14/2/2020Black Crane Asia Pacific Opportunities FundBuy32,409.69 50,000.00 0.41%
17/2/2020Black Crane Asia Pacific Opportunities FundBuy254,988.96 400,000.00 0.50%
18/2/2020Black Crane Asia Pacific Opportunities FundBuy95,696.01 150,000.00 0.54%
19/2/2020Black Crane Asia Pacific Opportunities FundBuy53,204.49 84,283.00 0.56%
20/2/2020Black Crane Asia Pacific Opportunities FundBuy230,862.51 365,717.00 0.64%
25/2/2020Black Crane Asia Pacific Opportunities FundBuy55,470.90 92,421.00 0.66%
26/2/2020Black Crane Asia Pacific Opportunities FundBuy147,268.53 257,579.00 0.72%
28/2/2020Black Crane Asia Pacific Opportunities FundBuy7,965.90 15,000.00 0.73%
2/3/2020Black Crane Asia Pacific Opportunities FundBuy38,119.49 71,780.00 0.74%
3/3/2020Black Crane Asia Pacific Opportunities FundBuy135,794.65 242,396.00 0.80%
4/3/2020Black Crane Asia Pacific Opportunities FundBuy11,476.11 20,824.00 0.80%
6/3/2020Black Crane Asia Pacific Opportunities FundBuy108,216.00 200,000.00 0.85%
9/3/2020Black Crane Asia Pacific Opportunities FundBuy32,603.27 100,000.00 0.87%
16/3/2020Black Crane Asia Pacific Opportunities FundBuy56,242.35 181,592.00 0.91%
17/3/2020Black Crane Asia Pacific Opportunities FundBuy1,528,050.00 5,000,000.00 2.06%
19/3/2020Black Crane Asia Pacific Opportunities FundBuy542,883.60 2,000,000.00 2.52%
24/3/2020Black Crane Asia Pacific Opportunities FundBuy60,254.51 316,496.00 2.59%
27/3/2020Black Crane Asia Pacific Opportunities FundBuy226,634.08 758,490.00 2.76%
30/3/2020Black Crane Asia Pacific Opportunities FundBuy975,116.34 3,300,000.00 3.52%
31/3/2020Black Crane Asia Pacific Opportunities FundBuy2,069,130.00 7,000,000.00 5.12%
2/6/2020Black Crane Asia Pacific Opportunities FundBuy8,056,824.84 67,140,207.00 6.24%