SPH Notice – Black Crane Asia Pacific Opportunities Fund

1
Disclosure of ceasing to have substantial holding
Section 279, Financial Markets Conduct Act 2013
To NZX Limited
and
To Sky Network Television Limited
Date this disclosure made: 27 Oct 2021
Date last disclosure made: 18 June 2020
Date on which substantial holding ceased: 26 Oct 2021
Substantial product holder(s) giving disclosure
Full name(s): Black Crane Asia Pacific Opportunities Fund
Summary of previous substantial holding
Class of quoted voting products: Ordinary shares
Summary for Black Crane Asia Pacific Opportunities Fund
For last disclosure,—
(a) total number held in class: 89,496,785
(b) total in class: 1,746,279,558
(c) total percentage held in class: 5.12%
For current holding after ceasing to have substantial holding,—
(a) total number held in class: 7,949,678
(b) total in class: 174,688,323
(c) total percentage held in class: 4.55%
Details of transactions and events giving rise to ceasing of substantial holding
Details of the transactions or other events requiring disclosure: see appendix 1
Additional information
Address(es) of substantial product holder(s): 2/F, Harbour Place, 103 South Church Street,
P.O. Box 472, George Town, Grand Cayman KY1-1106, Cayman Islands
Contact details: Peter Kennan (email:
peter.kennan@black-crane.com; Tel:+852 6503
5252
*Nature of connection between substantial product holders: Not applicable
*Omit if disclosure is made for only 1 substantial product holder.

2
Name of any other person believed to have given, or believed to be required to give, a
disclosure under the Financial Markets Conduct Act 2013 in relation to the financial
products to which this disclosure relates: Not applicable
*Disclosure has effect for purposes of directors’ and senior managers’ disclosure
Not applicable
*Omit if inapplicable (see section 302 of the Financial Markets Conduct Act 2013).
Certification
I, PETER DAVID KENNAN, certify that, to the best of my knowledge and belief, the
information contained in this disclosure is correct and that I am duly authorised to make
this disclosure by all persons for whom it is made.

Appendix 1
Date of eventPerson whose relevant interest changedNature of event
Consideration given in
relation to change
Class and number of
securities affected
Person's votes
affected
31/1/2020Black Crane Asia Pacific Opportunities FundBuy697,392.00 1,000,000.00 0.23%
3/2/2020Black Crane Asia Pacific Opportunities FundBuy69,308.34 100,000.00 0.25%
4/2/2020Black Crane Asia Pacific Opportunities FundBuy45,773.76 68,000.00 0.27%
5/2/2020Black Crane Asia Pacific Opportunities FundBuy19,839.60 30,000.00 0.27%
7/2/2020Black Crane Asia Pacific Opportunities FundBuy85,971.60 130,000.00 0.30%
10/2/2020Black Crane Asia Pacific Opportunities FundBuy77,650.99 120,000.00 0.33%
11/2/2020Black Crane Asia Pacific Opportunities FundBuy67,373.28 107,000.00 0.36%
12/2/2020Black Crane Asia Pacific Opportunities FundBuy30,310.50 50,000.00 0.37%
13/2/2020Black Crane Asia Pacific Opportunities FundBuy89,251.65 145,000.00 0.40%
14/2/2020Black Crane Asia Pacific Opportunities FundBuy32,409.69 50,000.00 0.41%
17/2/2020Black Crane Asia Pacific Opportunities FundBuy254,988.96 400,000.00 0.50%
18/2/2020Black Crane Asia Pacific Opportunities FundBuy95,696.01 150,000.00 0.54%
19/2/2020Black Crane Asia Pacific Opportunities FundBuy53,204.49 84,283.00 0.56%
20/2/2020Black Crane Asia Pacific Opportunities FundBuy230,862.51 365,717.00 0.64%
25/2/2020Black Crane Asia Pacific Opportunities FundBuy55,470.90 92,421.00 0.66%
26/2/2020Black Crane Asia Pacific Opportunities FundBuy147,268.53 257,579.00 0.72%
28/2/2020Black Crane Asia Pacific Opportunities FundBuy7,965.90 15,000.00 0.73%
2/3/2020Black Crane Asia Pacific Opportunities FundBuy38,119.49 71,780.00 0.74%
3/3/2020Black Crane Asia Pacific Opportunities FundBuy135,794.65 242,396.00 0.80%
4/3/2020Black Crane Asia Pacific Opportunities FundBuy11,476.11 20,824.00 0.80%
6/3/2020Black Crane Asia Pacific Opportunities FundBuy108,216.00 200,000.00 0.85%
9/3/2020Black Crane Asia Pacific Opportunities FundBuy32,603.27 100,000.00 0.87%
16/3/2020Black Crane Asia Pacific Opportunities FundBuy56,242.35 181,592.00 0.91%
17/3/2020Black Crane Asia Pacific Opportunities FundBuy1,528,050.00 5,000,000.00 2.06%
19/3/2020Black Crane Asia Pacific Opportunities FundBuy542,883.60 2,000,000.00 2.52%
24/3/2020Black Crane Asia Pacific Opportunities FundBuy60,254.51 316,496.00 2.59%
27/3/2020Black Crane Asia Pacific Opportunities FundBuy226,634.08 758,490.00 2.76%
30/3/2020Black Crane Asia Pacific Opportunities FundBuy975,116.34 3,300,000.00 3.52%
31/3/2020Black Crane Asia Pacific Opportunities FundBuy2,069,130.00 7,000,000.00 5.12%
2/6/2020Black Crane Asia Pacific Opportunities FundBuy8,056,824.84 67,140,207.00 6.24%
17/6/2020Black Crane Asia Pacific Opportunities FundChange in outstanding shares- - 5.12%
19/4/2021Black Crane Asia Pacific Opportunities FundSell90,019.60 (500,000.00) 5.10%
21/4/2021Black Crane Asia Pacific Opportunities FundSell89,370.90 (500,000.00) 5.07%
27/4/2021Black Crane Asia Pacific Opportunities FundSell88,223.20 (500,000.00) 5.04%
28/4/2021Black Crane Asia Pacific Opportunities FundSell86,576.50 (500,000.00) 5.01%
15/9/2021Black Crane Asia Pacific Opportunities FundReverse stock split- (78,747,107.00) 5.01%
26/10/2021Black Crane Asia Pacific Opportunities FundSell1,481,990.08 (800,000.00) 4.55%