Hong Kong Exchanges and Clearing Limited (HKEX) has announced the arrangements for the adjustment to Guangzhou Automobile Group Co Ltd (GAC Group) structured products, futures and options to account for GAC Group's Issue shares by way of conversion of capital reserve.

Corporate action overview

Please refer to the announcements made by GAC Group on 29 March 2018and 2 May 2018for details.

Investors should consult their brokers for further details, or if they have any questions regarding the adjustment.

Structured products with shares of GAC Group as underlying asset

The listing documents of all existing structured products with the shares of GAC Group as underlying asset contain provisions that deal with a bonus issue. Structured product issuers will make announcements in the evening of 31 May 2018 regarding the relevant adjustments (including the adjusted entitlement and adjusted exercise price) and investors should read the contents of such announcements carefully.

Adjustment of GAC Group Futures and Options

For detailed trading and clearing arrangement of GAC Group Futures and Options after the adjustments, please refer to the circulars posted on HKEX website.

Investors should note that the adjusted and standard stock futures and options will have different contract sizes. There will not be any changes to the number of open positions and other contract terms after the transfer of positions.

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HKEx - Hong Kong Exchanges and Clearing Ltd. published this content on 04 May 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 04 May 2018 10:21:08 UTC