FORM 1 - Individual Substantial Shareholder Notice
Form Serial Number
:
IS20261111E00325
1.
Date of relevant event
:
06/11/2026
(dd/mm/yyyy)
2.
Date when the substantial shareholder becomes aware of the relevant event / interest in the shares (if later)
:
(dd/mm/yyyy)
3.
Stock code
:
01238
4.
Name of listed corporation
:
Powerlong Real Estate Holdings Ltd.
5.
Class of shares
:
Ordinary Shares
6.
Number of issued shares in class
:
4,140,403,000
7.
Name of substantial shareholder (English) as printed on HKID Card/Passport
:
(
Surname
)
Shan
(
Other names
)
Weijian
10.
Name of substantial shareholder (Chinese)
:
單偉建
11.
Chinese Character Code as printed on HKID Card
:
083002511696
14.
Details of relevant event
:
Brief description of relevant event
Capacity in which shares were/are held
Number of shares bought/sold or involved
Currency of transaction
On Exchange
Off Exchange
Before relevant event
After relevant event
Highest price (per share)
Average price (per share)
Average consideration (per share)
Nature of consideration
Long position
1013
You first acquire a notifiable interest because:
any other event (you must briefly describe the relevant event in the Supplementary Information box)
2201
Interest of corporation controlled by you
1,162,823,442
Short position
15.
Total shares immediately before the relevant event
:
Total number of shares
Percentage figure (%)
Long position
0
0.00
16.
Total shares immediately after the relevant event
:
Total number of shares
Percentage figure (%)
Long position
1,162,823,442
28.08
17.
Capacity in which interests disclosed in Box 16 are held
:
Capacity code
Number of shares
2201
Interest of corporation controlled by you
Long position
1,162,823,442
18.
Further information in respect of derivative interests
:
Derivatives code
Number of shares
4107
Unlisted derivatives - Convertible instruments
Long position
1,162,823,442
19.
Further information in relation to interests of children under 18 and/or spouse
:
Child/Spouse
Name of child/spouse
Number of shares
20.
Further information in relation to interests of corporations controlled by substantial shareholder
:
Name of controlled corporation
Address and place of incorporation
Name of controlling shareholder
% control
Direct interest (Y/N)
Number of shares
PAG-P Asia Fund L.P.
International Corporation Services Ltd., PO Box 472, 2nd Floor, North Wing, Harbour Place, 103 South Church Street, George Town, Grand Cayman KY1-1106, Cayman Islands
PAG-P Management Limited
0.00
Y
Long position
749,693,387
PAG-P Management Limited
International Corporation Services Ltd., PO Box 472, 2nd Floor, North Wing, Harbour Place, 103 South Church Street, George Town, Grand Cayman KY1-1106, Cayman Islands
PAG AR Opportunistic Strategies Limited
100.00
N
Long position
749,693,387
PAG AR Opportunistic Strategies Limited
International Corporation Services Ltd., PO Box 472, 2nd Floor, North Wing, Harbour Place, 103 South Church Street, George Town, Grand Cayman KY1-1106, Cayman Islands
Pacific Alliance Group Limited
100.00
N
Long position
749,693,387
Pacific Alliance Group Limited
International Corporation Services Ltd., PO Box 472, 2nd Floor, North Wing, Harbour Place, 103 South Church Street, George Town, Grand Cayman KY1-1106, Cayman Islands
PAG
100.00
N
Long position
749,693,387
PAG
International Corporation Services Ltd., PO Box 472, 2nd Floor, North Wing, Harbour Place, 103 South Church Street, George Town, Grand Cayman KY1-1106, Cayman Islands
Shan Weijian
34.93
N
Long position
1,162,823,442
PAG China Special Situations Fund L.P.
International Corporation Services Ltd., PO Box 472, 2nd Floor, North Wing, Harbour Place, 103 South Church Street, George Town, Grand Cayman KY1-1106, Cayman Islands
PAG
100.00
Y
Long position
4,764,552
PAG-MAG AR Investment Fund LP
International Corporation Services Ltd., PO Box 472, 2nd Floor, North Wing, Harbour Place, 103 South Church Street, George Town, Grand Cayman KY1-1106, Cayman Islands
PAG
100.00
Y
Long position
82,333,587
Pacific Alliance Asia Opportunity Fund L.P.
International Corporation Services Ltd., PO Box 472, 2nd Floor, North Wing, Harbour Place, 103 South Church Street, George Town, Grand Cayman KY1-1106, Cayman Islands
PAG
100.00
Y
Long position
39,699,150
PAG S Class Public Pooled LP
International Corporation Services Ltd., PO Box 472, 2nd Floor, North Wing, Harbour Place, 103 South Church Street, George Town, Grand Cayman KY1-1106, Cayman Islands
PAG
100.00
Y
Long position
21,197,912
PAG Asia Opportunity B Public Pooled LP
International Corporation Services Ltd., PO Box 472, 2nd Floor, North Wing, Harbour Place, 103 South Church Street, George Town, Grand Cayman KY1-1106, Cayman Islands
PAG
100.00
Y
Long position
24,247,795
PAG Capital Structure Opportunity Fund LP
International Corporation Services Ltd., PO Box 472, 2nd Floor, North Wing, Harbour Place, 103 South Church Street, George Town, Grand Cayman KY1-1106, Cayman Islands
PAG
100.00
Y
Long position
5,065,960
PAG Special Situations Fund III L.P.
International Corporation Services Ltd., PO Box 472, 2nd Floor, North Wing, Harbour Place, 103 South Church Street, George Town, Grand Cayman KY1-1106, Cayman Islands
PAG
100.00
Y
Long position
125,366,320
PAG Special Situations Fund 3.2 L.P.
International Corporation Services Ltd., PO Box 472, 2nd Floor, North Wing, Harbour Place, 103 South Church Street, George Town, Grand Cayman KY1-1106, Cayman Islands
PAG
100.00
Y
Long position
65,338,799
Pacific Alliance-W Asia Special Situations Fund L.P.
International Corporation Services Ltd., PO Box 472, 2nd Floor, North Wing, Harbour Place, 103 South Church Street, George Town, Grand Cayman KY1-1106, Cayman Islands
PAG
100.00
Y
Long position
45,115,979
21.
Further information in relation to interests held by substantial shareholder jointly with another person
:
Name of joint shareholder
Address
Number of shares
22.
Further information from a trustee, a beneficiary of a trust, or a person who has set up a discretionary trust
:
Names of trust
Address
Status code
Number of shares
23.
Further information from a party to an agreement under Section 317 (Please see Notes for further information required)
:
Names of other parties
Address
Number of shares
Total number of shares in which a substantial shareholder is interested under sections 317 and 318
24.
Supplementary information
:
Pursuant to the restructuring scheme of Powerlong Real Estate Holdings Ltd., PAG P-Asia Fund L.P. received Mandatory Convertible Bonds convertible into 749,693,387 shares on the relevant event date in exchange for its claims under the Existing Debt. The MCBs have not been converted to shares in the listed company yet.
25.
Log/Serial Number of the previous form
:
26.
Number of concert party document(s) under section 317 attached/uploaded
:
0
Date of filing this Form 1
:
11/11/2026
(dd/mm/yyyy)