Disclosure of Interests

Pursuant to the Deed of Trust constituting Champion REIT (the "Trust Deed") dated 26 April 2006, as amended from time to time, between HSBC Institutional Trust Services (Asia) Limited as trustee of Champion REIT (the "Trustee") and Eagle Asset Management (CP) Limited (the "Manager"), any person who is interested (or has a short position) in 5% or more of the units of Champion REIT (the "Units") as defined under Part XV of the Securities and Futures Ordinance has a duty of disclosure in respect of any acquisition of, cessation of or changes in such interest or short position to the Manager and The Stock Exchange of Hong Kong Limited.

You may obtain the forms for notifications with respect to your interests in the Units from the website of the Hong Kong Exchanges and Clearing Limited ("HKEX"). The website of HKEX also contains general notes of directions and instructions for completion of the notification forms. If you are in any doubt on completing the notification forms or as to any aspects of such notifications, you may consult your professional advisers.

You should submit the notification forms to Eagle Asset Management (CP) Limited for the attention of the Compliance Manager, by faxing to (852) 2827 1338 or e-mailing to [email protected]. You will receive a confirmation from the Manager after the notification form is properly received.

The information contained in notifications with respect to interests in Units in Champion REIT received by the Manager will be published by HKEX on its website. The Manager takes no responsibility for the contents of any such notifications, makes no representation as to their accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon such notifications published or to be published on such website.


If a person who has a duty of disclosure under the Trust Deed fails to make notification in accordance with the provisions of the Trust Deed, irrespective of whether or not that person is a holder of Units, the Units in which that person is interested in (the "Affected Units") shall be subject to any or all of the following actions which the Manager or the Trustee may, in its absolute discretion, take in respect of any or all of the Affected Units:


(a) declare that the voting rights attached to any or all of the Affected Units to be suspended (and, upon such declaration, such voting rights shall be suspended for all purposes in connection with Champion REIT);


(b) suspend the payment of any distributions in respect of any or all of the Affected Units (and, upon such suspension, any such distributions shall be retained in a trust account in the name of the Manager pending the application of such distributions);


(c) impose an administrative fee of up to HK$0.10 per Affected Unit for each day of non compliance from the date on which disclosure is due to be made by the person; and/or


(d) suspend registration and/or decline to register any transfer of part or all of the Affected Units,


until the relevant notification requirements under the Trust Deed are fully complied with to the satisfaction of the Manager or the Trustee (as the case may be).