Publication of Corrigendum to the Public Announcement of Offer - TRG Pakistan Limited, by Greentree Holdings Limited

PuMlc 0'ffering and gag‹flated 9ersom Dapartmant

Securities Market DMslon

Securities G Gschanga €ommbclon of Pahlctan NK Building. Jinnah Avenue, Blua Area Isbmabed, Pakbun

Pakistan Stock Exchange umlted

Stoct Exchange Building, Stock Exchange Read

Mr. Hasn¥tn Aslam Chief €xecutfve Officer TRG Pakbtcn Mmhed

24th Floor, Sky Tower West Wing Oolmen, HC-3, BIoCk 4. Mer/ftfl QTfU€ CHhon, Karachi

Tzsrauwn u«›cea eree•tre•k•IdIn sunni

This is with rere‹e‹›•e to the Corrigendum to tke Publk Announcement of Offer dated May 15, 2025 to acquire 191,690,015 ordinary skares of TRG Pakistan Mmlted (the target €ompanY"l ^ ^ by CKD Securifies Limited ("Manager to tho Offer") on behalf of Greentree Holdings Limited (the "Acquiiws"). in thb rega‹d, we would like to inform you that the Corrlgendum to the Public Announcement of Offer has been gs›blished In Business Reaarder and Nawa-i-Waqt on May 15, 2oZ5 In accordance with ReBuletion 6f5)ofthe Listed Companies(Substantial Acqutdtlon of Voting Shares and Tal‹eovan) Regubtions, 201Y.

Copies of the ‹espectl«e newspaper publicatbns am enclosed ñerewfth.

should you require further information, please feel free to contact the undersigned.

Deputy Head-investment Banking

rim 0D 5

Steady trend on

cotton market

RECORDER REPORT Cotton Analyst Naseem maund, depending on quali-

LAHORE: The local nor- Usman told Business ty and payment.

ton market oc Wednesday Recorder that the current The Spot Rare remained remained steady and the cotion prices in Sindh and unchanged at Rs 16,900 per trading volume remained Punjab is in between Rs maanh Polyester Fiber was HOW. I fi,500 and Rs 17,500 per available ai Rs 333 per kg.

PMEX daily trading report

RECORDER REPf3RT

KARACHI: On Tuesday at PMEX, the traded value of Metals, Energy, COTS and iixiices was recorded at PKR 33.370 billion and the number of tors traded was 36,406.

Major business was con-

9

Thursday, hay 15, 20Z5

Corrigendum to the Public Announcement of Offer dated January 15, 2025 in relation to the acquisition of up to 191,690,015 ordinary shares (constituting 35.147°A shareholding interest) and control of TRG Pakistan Limited by Greentree Holdings Limited

This Corrigondum is in respect of a correction to tho last diccJasuro in section 5 of Part B of the Public Announcement of Offer dated January 1S, 2025, published on January 17, 2025 in the Business Recorder and Nawai Waqt newspapers, including various updates and clarifications issued from time to time (“PAO™) by AKD Securities Limited (the “Manager to the Ofler”) on behalf of Greentree Holdings Limited (the “Acquirer”), Cth respect to the acquisition of up to 191,690,015 ordinary shares (conetltutlng -35. 47% shareholdlng Interest) and oontrol of TRG Paklstan

Limited (the "Targef"). The updates to the tirrelines neoeesitated by If+e publication of this Corrigendum are set out below in section 4 of Part B.

All steps taken in pursuance of the PAO remain valid gnd e1I other details in the PAO, othw' than those steted herein

bolow, remain unchanged.

PART B

1. PROCEDURE FOR ACCEPTANCE AND SETTLEMENT

   tributed by Gold amounting

   to PKR 14.905 billion, fol-

   Oil fa3s añer US crude

   inventories rise

   NEW YORK: OU rices cr«0e stockpiles use by 3.5 Petroleum Exporting edged lower nn Wednesday million barrels to 44 I:8 mil- Cnuntries and ailied prciduc-after government data lion barrels 1as4 week. ers, known as OPEC+, has showed US cmde oil stock- Analysts in a Reuters poli been increasing supply to ihc piles rose unexpectedly last had expected a 1.1 million- market. On Wednesday, week, prompting in vesior berrel draw. Net US crude however, OPEC trimmod its concerns of exoess supplies. imports rose last week by forecast for:growth in oil Brent crude futures fell 40 422,000 harrels per day, the supply from the United cents, or amend 0.6%. to ELA said. States and other producers

   $66. 23 a barrel by 1 2:04 API industry data aiso 0tflSldc the Wider OPEC+

   p.m. NDT (1604 GMT). US showed a large build of 4.3 u tflfs BF.

   West Texas [ntcrmcdiftt c million barrc 1s in crude “Thcy are not changing crude slipped 33 cents, or stocks last week, marker their demand profile bui 0.52%, to $63.34. Both sources said on Tuesday. adding more barrels,” said benchmarks, which truded “Oefiniiely, the curds build Bob Yawger, director of

   close io their higni in two- in the AP[ numbers was in energy futures at M izaho.

   weeks in the previous ses- of help," UBS analyst “At some point, supply is sion, fell afier data fimn the Giovanni Staunovo said of j ust going io swamp out Energy Information Wednesday’s on price HH. demand and drill the markel Administration showed be Organization of the 1OWH."—Reuters

   Acñviñes Karachi

   Yrust, PoA Qasim

   RECORDER REPORT Around 02 ships namely, tonnes, comprising 117,733 KAnACHl: The Karachi Leo., Bulk Leopar d 2 & tonnes imports cargo and Port Tru'st handled 42,4f›5 _]j $y9jq Lake bcrtlicd 43,203 export cargo carried tonnes of cargo comprising t the Karachi Port Trust. in 2,531 Containers (1,504 24, 260 i0nnes of i m Out Approximately, 04 ships TEUs Imports &1,027 TEUs &@O Rd 18J03 tOllilCS Of namely, Valence, Globe Expoñ) was handled at the

   export cargo during last 24 Trinco, Chl Apol Io & « during last 24 hours, hours, ending at 0700 Vrniz 1 sailed from the There src five ships at

   ° Kamchi Port Trust Outer Anchorage of Port The total import cargo of ptypy tjaid QBSim, out of them two

   lowed by COTS (PKR 9.495 billion), NSDQ 100 (PKR 2.969 billinn), Silver (PKR 1,270 billion), Crude Oil (PKR 1.657 billion), Platinum (PKR 1.637 billion), SP 500 (PKR

   270.132 million), DJ (PKR I 90.832 million), Copper (PKR 25 1. 878 in i llion ), Natural Gas (PKR 230.240 million), But (PKR 40.194 million), Palladium (PKR 53.343 million), Aluminum (PKR 12.242 million) and Japan Equity (PKR 43.355 million).

   In A icultumi commodi-

   ties, 69 lots amounting to PKR 342.283 million were traded.

   Gold prices fall as trade optimism rises

   NEW YORK: Gold

   prices dropped more than 2% on Wednesday, hitting

   ed risk appetite, leading investors to shift away from bullion.

   Spot gold slipped to its lowest since April 11, shedding I.S% to $3,t88,52 an ounce, as of 10 1 1 ET (14:10 GMT). Bulhon fcll as low as $3,174.62 earlier in tire session.

   US gold futures eased

   1.7% to $3,192.80. “The

   global relief rally sparked

   24,260 cnmprised nf lsfi

   tonnes of Containe ized

   A total of ten ships were ships, G inga Ocelot and

   engaged at PQA berths dur- Lusail carrying Chemicals

   by the steep reduction in

   US-China tariffs has mg-

   Cargo, 1 5, 703 tonnes of ing the lusi 24 hours, out of and LNG are expected to Bulk Cargo, 397 toiuies of them containers tip ‘Tanja’ take berths at EVTL aad Chickpeas & 6,000 tonnes Of }git the port on Wednesday PGPCL are respectively on Liquid Cargo. morning, while two more todayl4tb May, while aootb-The total export cargo of ships, Valence and Paolo er cont Biners ship ‘ON E 18,205 comprised of 4d00 Topic expected to sail on Maxim’ is due to cxpcctod tonnes of Glnkers & 14,005 Wednesday. arrive at outer anchorage on

   tonnes of Liquid Cargo. Cargo volunc of 160,936 Thursday 15th May, 2025.

   Base metals firm on weaker dokar

   gered a correction through technical ie vets in gold.” said Tai Wong, an independent metals trader,

   Wall Street's main indexes opened higher, driven by the tnriff dml and on expectations of more tmde ttgree-ments. Washington and Beijing agreed to reduce tanfFsdrrfrañyandadopv ed a 90-day pause while £w details are being worked out.

   US President Donald Trump, in an interview on

   LONOON: Copper pricgs April 3. ed loses toll g is biggest Tuesday, said he could see rose on Wednnday as a 90- “Investors have rotated decline in more than three liimsel f dealing directly day pause agreed by Beijing away fioin safe-havens like weeks overnight alter weaker with Chinese Presidenl Xi and Washington on nx›st of’ gold back into the industrial than expected US consumer Jinping on details of a trade their tii-for-tai tariffs raised space,” Paniniire Liberum inflation daia bolstered the pact. He also said that investors’ confidnce that a analyst Tom Price said. case for FT Reserve rate ’ tmtial deals” with India, giobal recmsiori can be avert- “However, they are not re- cuts. I apan and South Korea ed and demand will continue enga the maitet in a vig- The weaker US currency were in the works.

   fi›r growth-depcrxlcnt nutalz orous way at this early stage makes dollar-priced metals Gold, known as a safe Benchmark copper on 6ie but stay very cautious at the more affordable for other cur- haven in fimes of geopoliti-London Metal Exchange moment. They are wondering rency holders, who 1e cal and economic turmoil, (LME) was up 0.2% at what (US Prmident Donald) prospects of lower interest scaled a record high of’

   $9,621 a mettic m in officid Trump is going to do ness” rates support the demand out- $3,500.05 last uionih. opeu-outciy fading aflcr hit- he adda:L Providing further look Iér industrial mctats. — Prices are uy 2 i .fi% so Far ting $9,642, its highest since suptxxt tfie US dollar extend- Reuters this year.—Reutms

   Iron o,re,climbs

   _ on optinusm

   Statement by tho Acquirer for a6auming responability for the information contained in the document	Directors of the Acquirer eesume responsibility for The infon nation contained in thia document.
   A statement by the Acquirer to the ePect thet each of the Acquirer including persons in concert, if any, will be severally and jointly responsible for ensuring compliance will the Act and the Regulations.	The Acquirer is not acting in concert with any other pefson(s) and assumes responsibility for ensuring compliance witft the Act.
   A statement by the acquirer that tha Public OPer is being made to all the shareholders who have voting sheres of the Target and texc«p the persons aWng in concert with Acquirer) whocc namec appear in the register of shareholders a8 on the date of book closure.	The Acquirer confirms that the Public O9er is beJng mzto elf the shareholders who have voting shares of the Target and whoaa names appear in the register of shareholders as on the date of book closure which shall be announced in due course.
   A statement by the acquirer that all statutory approvals for the Public Offer have been obtained.	The Acquirer confirms that eel slatutory approvals for the Public O9er hove been otrteir›ed.
   Oisclosure ae to whether elevant provlsions of me Act and the regulations have been complied with.	The Acquirer confirms that all relevant provisions of fhe Act and the Regulations have been compJied with.
   A statement to the lad if any director(s) of the acquirer is also a director on the boerd of directors of Target.	None of the director(s) of the Acquirer are on the board of directors of the Target.
   A statement by the acquirer as to whether or not any votin9 shares acquired in pursuance to the Public OPer shall be transferred to another person end if that is the cese the names of euch persons shell be. disdoeed.	The Acquirer confirms that the voting shares enquired in pursuance to the Public Offer are not intended to be transferred to eny other person.

   BElJlhG: Prices of iron since April 4 at $10J .45. ore futures climbed to the China said on Tuesday that it highest point in more than will lower its tariffs on US five weekx on Wednesday, Needs io l0°/» for an %tial 90 driven by moves from the days, sing hmm 12:01 pm

2. STATEMENTS BY THE ACQUIRER

*I. SIMI II''I'M WHARF

United States and China to (0401 GMT) on Wednesday. cut tariffs following a trade The US will cut the “de agreement, bolstering hopes minirnis” tariff for low-value

for a lasting resolution to thr shipments from China to as

trade dispute. The most-trad- low as 30%. US President ed September iron ore con- Donald Trump said in an

lm? l› |fclvm !)n«)w0il f%F«W,

tract on China's Dat ian interview broadcast or Commodity Exchange Tuesday that he could see (DCE) was up 1. S 1 % at himself dealing directly with

732.5 yuan ($101.51) a met- Chinese President Xi Jog

ric mn, as of 0215 GMT. on thr finai details of a US-

ne contract hit its highs China nadr deal

level since April 7 at 736,5 Additionally, Chinese iron yuan a ion earlier in the ore mining company sion. The benchmark June Shougang Hierro Peru sus-iron ore on the Singapore pcndod opcrgfia:n attr part of

lWR"l’QASNI AUTHOIttTY

mai 9^si*i cLfcnuc ruwce icre›unu.

EñCiHDYOP KWKRDfN*L

mL

S'alam Cbnfziozr East 9/b+d k ty TN. 20T5

Exchange was 1.6% higher at its dispazb infrastructure col-

$101. I a ton, as of 0205 at ils shipping port, with GMT. Earlier in die day, d • repairs likely taking finn to five conduct hit the highest level mths.—Rem

Japanese rubber futures extend gains

SINGA PORE: Japanese ber contract on the SHFE rubber futures rose for the surged 410 yuan, or 3.43%, tenth consecutive session to 12,380 yuan ($1.716.16) on Wednesday as a iempo- per ton. On Monday, the rary truce in the US-China US and China agreed to trade conflict outweighed a pause their trade war for at firmer supply outlook. least 90 days, with the US

The Osaka Exch ange cuGng tart Cfs on Chinese (OSE) mbber contract for goods to 30% from 145% October delivery c nded and China slashing duties daytime trade 4.5 yen high- on US imports to ltP?» from er, or 1.43%, at 3 19.6 yen 125%. Reductions in tar-($2.17) per kg. The rubher ills have improved the out— contract on the Shanghai look for ihe downstream Futures Exchange (SHFE) demand o.f natural f0r September delivery rese rubber, supporting prices,

LizNa D curiti

Addreee 602, Continental Trade Center, Block-8, CliRon, Kerechi

Best Regarde,

240 yuan. or 1 to said Chinesc financ ial

Cbnfaiozr

15,235 yuan ($2, I I L92) information site per metric ton. The most T o n g h ii a s li u n aciive June butadiene rub- Information.—Reuters

fi Ahsa

CEO

Dated May 15, 2025

.q.. .,