HUTCHISON PORT HOLDINGS TRUST 176 NOTES TO THE FINANCIAL STATEMENTS 24 Assets classifi ed as held for sale On 31 July 2024, YICT and Shenzhen Pingyan Multimodal Company Limited (“PML”), the subsidiaries of HPH Trust, entered into expropriation and compensation agreements with the relevant local authority under the Yantian District People’s Government of Shenzhen of the PRC, in relation to a compulsory expropriation of 10 plots of land owned by YICT and PML, and certain immovable assets attached to such land (“2024 Expropriation”). The cash consideration of the 2024 Expropriation amounts to RMB375 million, subject to fulfi llment of certain conditions. On 12 December 2025, YICT entered into an expropriation and compensation agreement with the relevant local authority under the Yantian District People’s Government of Shenzhen of the PRC, in relation to a compulsory expropriation of an additional area of land with the immovable assets attached to such land (“2025 Expropriation”). The cash consideration of the 2025 Expropriation amounts to RMB16 million, subject to fulfi llment of certain conditions. The above mentioned land and certain immovable assets attached to such land belong to the segment of “Chinese Mainland” in note 4(b). As at 31 December 2025, the Group has received RMB388 million (approximately HK$415 million) of cash compensation. The relevant assets were therefore classifi ed as assets held for sale at their carrying amounts. 25 Other non-current liabilities Group 2025 2024 HK$’000 HK$’000 Lease liabilities 6,542 4,571 Others 141,062 91,399 147,604 95,970 26 Units in issue Group and Trust Number of units HK$’000 At 1 January 2024, 31 December 2024 and 31 December 2025 8,711,101,022 68,553,839 All issued units are fully paid and rank pari passu in all respects. 27 Investment in a subsidiary company Trust 2025 2024 HK$’000 HK$’000 Investment cost 10,000 10,000 Capital contribution 42,383,660 43,486,415 Less: accumulated impairment (24,212,051) (24,212,051) 18,181,609 19,284,364 Pursuant to an investment agreement between HPH Trust and a wholly-owned subsidiary, HPHT Limited, dated 4 August 2011, HPH Trust made capital contributions of HK$67,280,000,000 to HPHT Limited (“Capital Contribution”) through capitalising the amounts due from the subsidiary. HPH Trust has no right to require HPHT Limited to return any Capital Contribution. HPHT Limited may return to HPH Trust any Capital Contribution at any time in whole or in part. Accordingly, the Capital Contribution is accounted for as investment in a subsidiary company. Details of subsidiary companies of the Group are disclosed in Note 32.
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