SPH Notice – HB Holdings Limited

1
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 Tourism Holdings Limited
Relevant event being disclosed: Movement of 1% or more in substantial holding
Date of relevant event: 30 November 2022
Date this disclosure made: 13 December 2022
Date last disclosure made: 23 July 2019
Substantial product holder(s) giving disclosure
Full name(s): HB Holdings Limited
Summary of substantial holding
Class of quoted voting products: Ordinary Shares (NZX Code: THL)
Summary for HB Holdings Limited
For this disclosure,—
(a) total number held in class: 27,812,817

(b) total in class: 214,013,477
(c) total percentage held in class: 12.996%
For last disclosure,—
(a) total number held in class: 26,789,440
(b) total in class: 146,703,319
(c) total percentage held in class: 18.261%
Details of transactions and events giving rise to relevant event
Details of the transactions or other events requiring disclosure: On 30 November 2022,
Tourism Holdings Limited issued additional shares in connection with the merger between
Tourism Holdings Limited and Apollo Tourism & Leisure Ltd. HB Holdings Limited was not
issued any shares under the merger and, as a result, HB Holdings Limited’s substantial
holding was diluted by more than 1%. Between the date of last disclosure (23 July 2019)
and the date of the relevant event (30 November 2022), HB Holdings Limited acquired an
additional 1,023,417 ordinary shares through on market purchases (representing a less
than 1% movement in HB Holding Limited’s substantial holding in its last disclosure).

2
Details after relevant event
Details for HB Holdings Limited
Nature of relevant interest(s): Beneficial owner of securities.
No relevant agreement document needs to be attached under regulation 139.
For that relevant interest,—
(a) number held in class: 27,812,817

(b) percentage held in class: 12.996
%
(c) current registered holder(s): HSBC Nominees (New Zealand) Limited and Forsyth
Barr Custodians Limited
(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): Box 309, Ugland House, Grand Cayman, KY1-
1104, Cayman Islands
Contact details: David Pan, +86-21-61705577, davidpan@citiccapital.com
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
Certification
I, David Pan, 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.