Chunquan Industry Trust pays the manager HKD 12 million in fees, with 80% settled in fund units.

Viewpoint Network News: On March 24, the Spring Springs Industrial Trust announced the arrangement for the payment of basic and floating fees to the manager, Spring Springs Asset Management Co., Ltd., for the period from October 1 to December 31, 2025.

According to the announcement, the payable basic fee for the period from October 1 to December 31, 2025, is HKD 12,005,800. This fee will be paid in full on March 24, 2026, with 20% settled in cash, amounting to HKD 2,400,000; the remaining 80% will be paid in the form of fund units, totaling HKD 9,604,600.

The fund units payment portion consists of the resale of 2,237,000 existing fund units and the issuance of 3,476,600 new fund units, with each fund unit priced at HKD 1.681. After issuance, this portion of fund units will account for approximately 0.39% of the total number of issued fund units (excluding existing fund units).

In addition, due to a discrepancy between the total payable fees and the total fees already paid for the fiscal year 2025, the manager is required to pay an adjustment amount of HKD 1,456,800 to the Spring Springs Industrial Trust, which has been paid in cash on March 24, 2026.

For the entire year, to cover 80% of the basic fees for the fiscal year 2025, the Spring Springs Industrial Trust issued a total of 23,345,600 fund units, which is approximately 1.60% of the fund units outstanding as of December 31, 2025, and did not exceed the 3% limit. After the issuance, the number of fund units held by the manager increased from 66,513,300 to 72,227,000, accounting for approximately 4.87%.

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