SPH Notice - China Resources Asset Management Limited

1
Disclosure of beginning to have substantial holding
Section 276, Financial Markets Conduct Act 2013
To NZX Limited

and

To New Zealand King Salmon Investments Limited
Date this disclosure made: 13 January 2026
Date on which substantial holding began: 12 January 2026
Substantial product holder giving disclosure
Full name(s): China Resources Asset Management Limited ("CR Assets")

Summary of substantial holding
Class of quoted voting products: Ordinary Shares in New Zealand King Salmon Investments
Limited (NZX: NZK) ("NZK").
Summary for CR Assets
For this disclosure,—
(a) total number held in class: 53,125,934
(b) total in class: 538,182,273
(c) total percentage held in class: 9.871%
Details of relevant interests
Details for CR Assets
Nature of relevant interest(s): registered holder and beneficial owner of financial products.
For that relevant interest,—
(a) number held in class: 53,125,934
(b) percentage held in class: 9.871%
(c) current registered holder(s): China Resources Enterprise, Limited
(d) registered holder(s) once transfers are registered: CR Assets
Details of transactions and events giving rise to substantial holding
Details of the transactions or other events requiring disclosure: In connection with an intra-group
restructuring of its shareholding, CR Assets entered into a share transfer agreement with China
Resources Enterprise, Limited ("CRE") on 12 January 2026, under which CRE transferred its entire
shareholding in NZK to CR Assets for a total consideration of $0.22. Settlement of the transaction
is expected to occur on or around 15 January 2026.

2
Additional information
Address(es) of substantial product holder(s): 37/F China Resources Building, 26 Harbour Road,
Wanchai, Hong Kong.
Contact details: China Resources Asset Management Limited
C/- Ian Beaumont
Russell McVeagh
Level 30
48 Shortland Street, Auckland
Telephone: +64 9 367 8302
Email: ian.beaumont@russellmcveagh.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: China Resources Enterprise, Limited.
Certification
I, Feng QIN, director of China Resources Asset Management Limited, 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.