• Shimao Group’s Sheraton Hong Kong Tung Chung Hotel assets entered receivership on June 1, 2026, under project loan security enforcement.
• AlixPartners’ Jun Ge and Patrick Bance were appointed joint receivers and managers over the Hotels.
• Receivers launched a formal sales process, appointing an international real estate agent to market the assets.
• Hotel operations remain uninterrupted during the receivership and sale process.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Shimao Group Holdings Limited published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260624-12212681), on June 23, 2026, and is solely responsible for the information contained therein.