Hysan Development : Proposed Amendments to the Articles of Association

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Hysan Development Company Limited 希慎興業有限公司

(Incorporated in Hong Kong with limited liability)

(Stock Code：00014)

PROPOSED AMENDMENTS TO THE ARTICLES OF ASSOCIATION

The board of directors (the "Board") of Hysan Development Company Limited (the "Company") proposes that certain amendments to the existing Articles of Association (the "Articles of Association") of the Company (the "Proposed Amendments") be made to allow the Company to have the flexibility to hold a general meeting at one or more locations using facilities that enable the members of the Company who are not together at the same place to listen, speak and vote at the meeting. The Proposed Amendments also explicitly set out other related powers of the Board and the Chairman of the general meeting, including making arrangements for attendance at the meetings as well as ensuring the security and orderly conduct of the meetings. Other minor amendments to the Articles of Association are also made to introduce corresponding as well as house-keeping changes.

The Proposed Amendments are subject to the approval of the shareholders of the Company by way of a special resolution at the forthcoming annual general meeting of the Company to be held on 21 May 2021 (the "AGM"). A circular containing, among other things, details of the Proposed Amendments together with a notice convening the AGM will be despatched to the shareholders of the Company in due course.

By Order of the Board Cheung Ka Ki Company Secretary

Hong Kong, 30 March 2021

As at the date of this announcement, the Board comprises: Lee Irene Yun-Lien (Chairman), Churchouse Frederick Peter**, Fan Yan Hok Philip**, Poon Chung Yin Joseph**, Wong Ching Ying Belinda**, Jebsen Hans Michael* (Yang Chi Hsin Trevor as his alternate), Lee Anthony Hsien Pin* (Lee Irene Yun-Lien as his alternate), Lee Chien* and Lee Tze Hau Michael*.

* **Non-Executive Directors Independent Non-Executive DirectorsThis announcement is published on the websites of the Company (www.hysan.com.hk) and The Stock Exchange of Hong Kong Limited (www.hkexnews.hk).

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