Pacific Century Premium Developments : Provisional Allotment Letter

The whole of this Provisional Allotment Letter must be returned to be valid.

͉ᅲ֛ৣ೯Ռ̀඲዆΅ʹᒔd˙މϞࣖf

IMPORTANT

ࠠࠅ౤ͪ

Reference is made to the prospectus issued by Pacific Century Premium Developments Limited dated 26 February 2021 in relation to the Rights Issue (the "Prospectus"). Capitalised terms used herein shall have the same meanings as those defined in the Prospectus unless the context requires otherwise.

ধ౤ࠑޮ߅ɽࠃήପ೯࢝Ϟࠢʮ̡*ה̊೯˚ಂމ2021ϋ2˜26˚ϞᗫԶٰʘԶٰ௝೻€˜Զٰ௝೻™fৰ˖່̤Ϟהܸ̮d ͉ᅲ֛ৣ೯Ռה͜൚คၾԶٰ௝೻הޢ֛٫ՈϞ޴Ν଄່f

THIS PROVISIONAL ALLOTMENT LETTER ("PAL") IS VALUABLE AND TRANSFERABLE AND REQUIRES YOUR IMMEDIATE ATTENTION. THE OFFER CONTAINED IN THIS PAL AND THE ACCOMPANYING FORM OF APPLICATION FOR EXCESS RIGHTS SHARES WILL EXPIRE AT 4:00 P.M. ON WEDNESDAY, 17 MARCH 2021 (OR SUCH LATER DATE AND/OR TIME AS MENTIONED IN THE PARAGRAPH HEADED "EFFECT OF BAD WEATHER AND/OR EXTREME CONDITIONS" BELOW).

͉ᅲ֛ৣ೯Ռ€˜ᅲ֛ৣ೯Ռ™ՈϞᄆ࠽ʿ̙ᔷᜫdԨሗуஈଣf͉ᅲ֛ৣ೯Ռʿᎇڝʘᕘ̮Զٰٰ΅͡ሗڌࣸה༱ ʘࠅߒਗ਼׵2021ϋ3˜17˚€݋ ಂ ɧɨ ʹ4͍ࣛ€אɨ˖˜ెΕ˂ंʿŊא฽၌ઋرʘᅂᚤ™ɓݬהࠑٙ༰ܝ˚ಂʿŊא ࣛග֣တf

IF YOU ARE IN ANY DOUBT ABOUT THIS PAL OR AS TO THE ACTION TO BE TAKEN, YOU SHOULD CONSULT YOUR STOCKBROKER, A LICENSED DEALER IN SECURITIES OR REGISTERED INSTITUTION IN SECURITIES, BANK MANAGER, SOLICITOR, PROFESSIONAL ACCOUNTANT OR OTHER PROFESSIONAL ADVISERS.

ტɨν࿁͉ᅲ֛ৣ೯ՌאᏐમ՟ٙБਗϞ΂ОဲਪdᏐፔ༔ ტɨٙᗇՎ຾ߏਠeܵ೐ᗇՎਠאൗ̅ᗇՎਠeვБ຾ ଣeܛࢪeਖ਼ุึࠇࢪאՉ˼ਖ਼ุᚥਪf

A copy of this PAL, together with a copy of the Prospectus, the EAF and the other documents specified in the paragraph headed "12. Documents Registered by the Registrar of Companies in Hong Kong" in Appendix III to the Prospectus, have been registered with the Registrar of Companies in Hong Kong as required by Section 342C of the Companies (Winding Up and Miscellaneous Provisions) Ordinance. The Registrar of Companies in Hong Kong, the Stock Exchange and the SFC take no responsibility as to the contents of any of these documents.

͉ᅲ֛ৣ೯ՌஹΝԶٰ௝೻eᕘ̮͡ሗڌࣸ˸ʿԶٰ௝೻ڝ፽ɧ˜ 12. ৔я࠰ಥʮ̡ൗ̅ஈஈڗ೮াʘ˖΁™ɓݬהࠑ ʘՉ˼˖΁ʘਓ͉dʊ࣬ኽʮ̡€૶ᆵʿᕏධૢ˖ૢԷ'ୋ 342C ૢ஝֛Σ࠰ಥʮ̡ൗ̅ஈஈڗ೮াf࠰ಥʮ̡ൗ̅ ஈஈڗeᑌʹה˸ʿᗇ္ึ࿁΂О༈ഃ˖΁ٙʫ࢙฿ʔࠋபf

Hong Kong Exchanges and Clearing Limited, the Stock Exchange and HKSCC take no responsibility for the contents of this PAL, make no representations as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this document.

࠰ಥʹ׸ʿഐၑהϞࠢʮ̡eᑌʹהʿ࠰ಥഐၑ࿁͉ᅲ֛ৣ೯Ռٙʫ࢙฿ʔࠋபd࿁Չ๟ᆽ׌אҁ዆׌͵ʔ೯ڌ΂ Оᑊ׼dԨ׼ᆽڌͪd฿ʔ࿁Ϊ͉˖΁Ό௅א΂О௅΅ʫ࢙Ͼପ͛אΪ࠿፠༈ഃʫ࢙Ͼˏߧٙ΂Оฦ̰וዄ΂Оப΂f

Dealings in the Shares, the Rights Shares in their nil-paid form and fully-paid form may be settled through CCASS and you should consult your stockbroker or a licensed dealer in securities or registered institution in securities, bank manager, solicitor, professional accountant or other professional advisers for details of those settlement arrangements and how such arrangements may affect your rights and interests.

ٰ΅e͊ᖮಛʿʊᖮԑԶٰٰ΅ٙ൯ር̙ீཀʕ̯ഐၑӻ୕ආБʹϗd ტɨᏐፔ༔ ტɨٙᗇՎ຾ߏਠאܵ೐ᗇՎ ਠאൗ̅ᗇՎਠeვБ຾ଣeܛࢪeਖ਼ุึࠇࢪאՉ˼ਖ਼ุᚥਪϞᗫ༈ഃʹϗτરٙ༉ઋd˸ʿϞᗫτર࿁ ტɨٙ ᛆлʿᛆू̙ঐ࿴ϓʘᅂᚤf

Subject to the granting of listing on the Stock Exchange of, and permission to deal in, the Rights Shares in both nil-paid and fully-paid forms on the Stock Exchange as well as compliance with the stock admission requirements of HKSCC, the Rights Shares in both nil-paid and fully-paid forms will be accepted as eligible securities by HKSCC for deposit, clearance and settlement in CCASS with effect from the respective commencement dates of dealings in their nil-paid and fully-paid forms on the Stock Exchange or such other dates as determined by HKSCC. Settlement of transactions between participants of the Stock Exchange on any trading day is required to take place in CCASS on the second settlement day thereafter. All activities under CCASS are subject to the General Rules of CCASS and CCASS Operational Procedures in effect from time to time.

ܙ͊ᖮಛʿʊᖮԑԶٰٰ΅ᐏࡘ׵ᑌʹהɪ̹ʿ൯ርܝ˲ୌΥ࠰ಥഐၑϞᗫٰ΅ϗॶٙ஝֛d͊ᖮಛʿʊᖮԑԶٰ ٰ΅ਗ਼ᐏ࠰ಥഐၑટॶމΥ༟ࣸᗇՎd̙͊͟ᖮಛʿʊᖮԑԶٰٰ΅׵ᑌʹהක֐൯ር຅˚א͟࠰ಥഐၑ፯֛ٙՉ ˼˚ಂৎ׵ʕ̯ഐၑӻ୕੔πeഐၑʿʹϗfᑌʹהਞၾ٫ʘගί΂Оʹ׸˚ආБʘʹ׸d඲׵Չܝୋɚࡈഐၑ˚ ίʕ̯ഐၑӻ୕ʹϗfהϞʕ̯ഐၑӻ୕ݺਗѩ඲፭ςʔࣛϞࣖʘʕ̯ഐၑӻ୕ɓছ஝ۆʿʕ̯ഐၑӻ୕༶Ъ೻ҏ ஝ۆf

Form A

ڌࣸ͠

Hong Kong branch share registrar and transfer office: Computershare Hong Kong

Investor Services Limited Shops 1712-1716,

17th Floor, Hopewell Centre,

183 Queen's Road East, Wanchai, Hong Kong

ٰ΅ཀ˒೮াஈ࠰ಥʱஈj ࠰ಥʕ̯ᗇՎ೮াϞࠢ ʮ̡ ࠰ಥ ᝄ˺ ެΧɽ༸؇183໮ Υձʕː 17ᅽ 1712-1716܃

PACIFIC CENTURY PREMIUM DEVELOPMENTS LIMITED ޮ ߅ ɽ ࠃ ή ପ ೯ ࢝ Ϟ ࠢ ʮ ̡*

€׵ϵᅉ༺ൗ̅ϓͭٙϞࠢʮ̡

€ٰ΅˾໮j00432

RIGHTS ISSUE OF 793,627,989 RIGHTS SHARES

ON THE BASIS OF ONE (1) RIGHTS SHARE

FOR EVERY TWO (2) EXISTING SHARES HELD ON THE RECORD DATE

ON A NON-UNDERWRITTEN BASIS

AT A SUBSCRIPTION PRICE OF HK$0.82 PER RIGHTS SHARE

PAYABLE IN FULL ON

ACCEPTANCE BY NOT LATER THAN 4:00 P.M. ON

WEDNESDAY, 17 MARCH 2021

ܲ׵া፽˚ಂӊܵϞ

Շ(2) ٰତϞٰ΅ᐏৣ೯ɓ (1) ٰԶٰٰ΅ٙਿ๟ ܲڢ̍ቖਿ๟ආБԶٰ˸೯Б793,627,989ٰԶٰٰ΅

ႩᒅᄆމӊٰԶٰٰ΅ಥ࿆0.82ʩ ٰಛ඲׵ટॶࣛ €ʔ፰׵2021ϋ3˜17˚€݋ಂɧɨʹ4͍ࣛᖮԑ

PROVISIONAL ALLOTMENT LETTER

ᅲ֛ৣ೯Ռ

(Incorporated in Bermuda with limited liability)

(Stock Code: 00432)

Name(s) and address of Qualifying Shareholder(s)

Υ༟ٰࣸ؇֑ΤŊΤ၈ʿήѧ

Note 1

ڝൗ1

Total number of Shares registered in your name(s) on Thursday, 25 February 2021 ׵2021ϋ2˜25˚€݋ಂ̬˸ ტɨΤ່೮াٰٙ΅ᐼᅰ

Note 2

ڝൗ2

Number of Rights Shares provisionally allotted to you subject to payment in full on acceptance by no later than 4:00 p.m. on Wednesday, 17 March 2021 ᅲ֛ৣ೯ʚ ტɨٙԶٰٰ΅ᅰͦdઓ඲ʔ፰׵2021ϋ3˜17˚€݋ಂɧɨʹ4͍ࣛۃટ ॶࣛΌᅰᖮԑٰಛ

Note 3

ڝൗ3

Total subscription money payable in full upon acceptance ׵ટॶࣛΌᅰᏐᖮٙႩᒅಛධᐼᕘ

Any payments for Rights Shares should be rounded up to 2 decimal points.

Զٰٰ΅ٙ΂О˹ಛಛධᏐΣɪሜ዆ЇՇࡈʃᅰᓃf

Name of bank on which cheque/cashier's order is drawn: ˕ୃŊვБ͉ୃٙ˹ಛვБΤ၈j

Please insert your contact telephone no.:

ሗ෬ɪ ტɨᑌഖཥ༑໮ᇁj

Provisional Allotment Letter No.

ᅲ֛ৣ೯Ռᇜ໮

BOX A ͠ᙷ (Note 1 ڝൗ1)

Head office and principal place of business in Hong Kong: ᐼ፬ԫஈʿ࠰ಥ˴ࠅ ᐄุήᓃj

8th Floor, Cyberport 2 100 Cyberport Road Hong Kong ࠰ಥ ᅰᇁಥ༸100໮ ᅰᇁಥୋɚࢭ8ᅽ

Registered office: ൗ̅፬ԫஈj

Clarendon House 2 Church Street Hamilton HM 11 Bermuda

26 February 2021 2021ϋ2˜26˚

BOX B ɔᙷ (Note 2 ڝൗ2)BOX C ˯ᙷ HK$ ಥ࿆ (Note 3 ڝൗ3)Cheque/cashier's order number: ˕ୃŊვБ͉ୃ໮ᇁj

IN THE EVENT OF TRANSFER OF RIGHT(S) TO SUBSCRIBE FOR RIGHTS SHARE(S), HONG KONG AD VALOREM STAMP DUTY IS PAYABLE ON EACH SALE AND EACH PURCHASE. A GIFT OR TRANSFER OF BENEFICIAL INTERESTS OTHER THAN BY WAY OF SALE IS ALSO LIABLE TO HONG KONG AD VALOREM STAMP DUTY. EVIDENCE OF PAYMENT OF HONG KONG AD VALOREM STAMP DUTY WILL BE REQUIRED BEFORE REGISTRATION OF THE ENTITLEMENT(S) TO THE RIGHTS SHARE(S) REPRESENTED BY THIS DOCUMENT.

ίᔷᜫԶٰٰ΅ٙႩᒅᛆࣛdӊධ൯ርѩ඲ᖮॶ࠰ಥ੽ᄆΙڀ೼f˸̈ਯ˸̮˙όᕠᗍאᔷᜫྼूᛆू͵඲ᖮॶ࠰ಥ੽ᄆΙڀ೼fί፬ଣ͉˖΁ה༱Զٰٰ΅ৣᕘ΂Оᔷᜫ ೮াʘۃd඲̈ͪʊᖮॶ࠰ಥ੽ᄆΙڀ೼ʘᗇ׼f

Form B

ڌࣸɔ

FORM OF TRANSFER AND NOMINATION ᔷᜫʿ౤Τڌࣸ

(To be completed and signed only by the Qualifying Shareholder(s) who wish(es) to transfer all of his/her/its/their right(s) to subscribe for the Rights Share(s) set out in Box B of Form A)

€සԶᏝਗ਼ՉŊ־ഃ׵ڌࣸ͠ʫɔᙷהΐႩᒅԶٰٰ΅ʘᛆлΌᅰᔷᜫʘΥ༟ٰࣸ؇෬ᄳʿᖦ໇

To:The Directors

Pacific Century Premium Developments Limited

ߧj ޮ߅ɽࠃήପ೯࢝Ϟࠢʮ̡* ΐЗ໨ԫ

Dear Sirs and Madams,

I/We hereby transfer all of my/our rights to subscribe for the Rights Shares comprised in this PAL to the person(s) accepting the same and signing the registration application form (Form C) below.

ห઼٫j ͉ɛŊшഃধਗ਼͉ᅲ֛ৣ೯Ռהΐ͉ɛŊшഃ̙ႩᒅԶٰٰ΅ٙᛆлΌᅰᔷᜫʚટաϤᛆлԨᖦ໇˸ɨ೮া͡ሗڌࣸ€ڌࣸ˯ٙɛɻf

1

2

3

4

Signature(s) of Qualifying Shareholder(s) (all joint Shareholders must sign)

Υ༟ٰࣸ؇ᖦ໇€הϞᑌΤٰ؇ѩ඲ᖦ໇

Datej˚ಂj

2021

Note: Hong Kong ad valorem stamp duty is payable by the transferor(s) if this form is completed.

ڝൗj ෬ѼϤڌࣸܝdᔷᜫɛ඲˕˹࠰ಥ੽ᄆΙڀ೼f

Form C

ڌࣸ˯

REGISTRATION APPLICATION FORM ೮া͡ሗڌࣸ

(To be completed and signed only by the person(s) to whom the rights to subscribe for the Rights Shares have been transferred)

€සԶוᜫႩᒅԶٰٰ΅ᛆлʘɛɻ෬ᄳʿᖦ໇

To:The Directors

Pacific Century Premium Developments Limited

ߧj ޮ߅ɽࠃήପ೯࢝Ϟࠢʮ̡* ΐЗ໨ԫ

Dear Sirs and Madams,

I/We request you to register the number of Rights Shares mentioned in Box B of Form A in my/our name(s). I/We agree to accept the same on the terms embodied in this PAL and the Prospectus and subject to the memorandum of association and the bye-laws of the Company.

ห઼٫j ͉ɛŊшഃᔫሗ ტɨਗ਼ڌࣸ͠ʫɔᙷהΐᅰͦٙԶٰٰ΅˸͉ɛŊшഃΤ່೮াf͉ɛŊшഃΝจܲ๫͉ᅲ֛ৣ೯ՌʿԶٰ௝೻ה༱ٙૢಛdԨί ൮ʮ ̡ٙଡ଼ᔌ௝೻ɽၤʿʮ̡୚ۆ஝ࠢɨટॶ༈ഃٰ΅f

Existing Shareholder(s) Please mark "X" in this box ତϞٰ؇ሗ׵Ϥᙷʫ෬ɪ˜ X™ୌ໮

To be completed in BLOCK letters in ENGLISH. Joint applicants should give the address of the first-named applicant only.

ሗ͜ߵ˖ɽฺ෬ᄳfᑌΤ͡ሗɛ̥඲෬జરΤ࠯Зٙ͡ሗɛήѧf

For Chinese applicant(s), please provide your name in both English and Chinese.

ʕ਷ᘬ͡ሗɛሗ෬ᄳʕߵ˖֑Τf

Name of applicant in English ͡ሗɛߵ˖֑Τ

Family name/Company name ֑ˤŊʮ̡Τ၈

Other name(s)

Το

Name in Chinese ʕ˖֑Τ

Name continuation and/or names of joint applicant(s) (if any)

ᚃ֑ΤʿŊאᑌΤ͡ሗɛ֑Τ€νϞ

Address in English (joint applicants should give the address of the first-named applicant only)

ߵ˖ήѧ€ᑌΤ͡ሗɛ̥඲෬జરΤ࠯Зٙ͡ሗɛήѧ

Occupation ᔖุ

Telephone no.

ཥ༑໮ᇁ

Dividend instructions ݼࢹܸͪ

Name and address of bank ვБΤ၈ʿήѧ

Bank account no.

ვБሪ˒໮ᇁ

1

2

3

4

Signature(s) of applicant(s) (all joint applicants must sign)

͡ሗɛᖦ໇€הϞᑌΤ͡ሗɛѩ඲ᖦ໇

Date ˚ಂj

2021

Note: Hong Kong ad valorem stamp duty is payable in connection with the acceptance of the rights to subscribe for the Rights Shares.

ڝൗj ტɨ඲ఱટॶ̙ႩᒅԶٰٰ΅ٙᛆлᖮॶ࠰ಥ੽ᄆΙڀ೼f

If you wish to exercise your right to subscribe for all the Rights Shares specified in this PAL, you should lodge this PAL in accordance with the instructions printed herein, together with a remittance for the full amount payable on acceptance, with the Registrar, Computershare Hong Kong Investor Services Limited whose address is at Shops 1712-1716, 17th Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong or any designated branches of Hang Seng Bank Limited as mentioned below by no later than 4:00 p.m. on Wednesday, 17 March 2021. All remittances must be made in Hong Kong dollars and cheques must be drawn on an account with, and cashier's orders must be issued by, a licensed bank in Hong Kong and made payable to "Pacific Century Premium Developments

Limited - PAL" and crossed "Account Payee Only". ტɨν૧БԴᛆлႩᒅ͉ᅲ֛ৣ೯Ռܸ֛ٙΌ௅Զٰٰ΅d̀඲ʔ፰׵2021ϋ3˜17˚€݋ ಂ ɧɨ ʹ4 ͍ࣛdܲ๫͉ᅲ ֛ৣ೯ՌΙ௪ʘܸͪਗ਼͉ᅲ֛ৣ೯ՌஹΝટॶࣛ඲ᖮ˹ٙΌᅰٰಛd৔я೮াஈ࠰ಥʕ̯ᗇՎ೮াϞࠢʮ̡€ήѧމ ࠰ಥᝄ˺ެΧɽ༸؇ 183 ໮Υձʕː 17 ᅽ 1712-1716 ܃אɨ˖הࠑ㛬͛ვБϞࠢʮ̡ٙ΂Оܸ֛ʱБfהϞٰಛ̀඲ ˸ಥ࿆˕˹d˕ୃ඲͟࠰ಥܵ೐ვБ˒ɹක̈dვБ͉ୃ͵඲͟࠰ಥܵ೐ვБ೯̈dԨൗ׼ױ᎘ɛމ˜ Pacific Century

Premium Developments Limited - PAL™ʿ ˸˜ ̥ࡘɝױ᎘ɛሪ˒ ™˙όྌᇞක̈f

Hang Seng Bank Limited 㛬͛ვБϞࠢʮ̡

This PAL can be lodged from Friday, 26 February 2021 to Wednesday, 17 March 2021 (both days inclusive) at these times:

͉ᅲ֛ৣ೯Ռ̙׵2021ϋ2˜26˚€݋ಂʞЇ2021ϋ3˜17˚€݋ಂɧ€ܼ̍࠯҈Շ˚׵˸ɨࣛݬ჈ʹj

Dealing in the Rights Shares in the nil-paid form will take place from Tuesday, 2 March 2021 to Friday, 12 March 2021 (both days inclusive). Shareholders should note that dealings in such Rights Shares in their nil-paid form and dealings in the Shares may take place while certain conditions to which the Rights Issue (as specified in the section headed "Letter from the Board - Conditions of the Rights Issue" in the Prospectus) are subject remain unfulfilled and/or not waived (where applicable). Any Shareholder or other person dealing in the Rights Shares in their nil-paid form or dealing in the Shares up to the date on which all conditions to which the Rights Issue are subject are fulfilled and/or waived (where applicable), will accordingly bear the risk that the Rights Issue may not become unconditional or may not proceed. Any Shareholder or other person contemplating selling or purchasing or dealing in the Shares or the Rights Shares in their nil-paid form, who is in any doubt about his/her/its position, is recommended to consult his/her/its own professional adviser.

͊ᖮಛԶٰٰ΅ਗ਼׵ 2021 ϋ 3 ˜ 2 ˚€݋ ಂ ɚЇ 2021 ϋ 3 ˜ 12 ˚€݋ಂʞ€ܼ̍࠯҈Շ˚ක׳൯ርfٰ؇ਕሗءจd༈ ഃ͊ᖮಛԶٰٰ΅ʿٰ΅̙ঐึίԶٰʘ߰ʍૢ΁€уԶٰ௝೻ʫ˜໨ԫึՌ΁ - Զٰٙૢ΁™ɓືהࠑʘૢ΁͊ᐏ ༺ϓʿŊאʔᐏᒀе€ܲቇ͜٫ٙઋرɨආБ൯ርfٜЇԶٰٙהϞૢ΁ᐏ༺ϓʿŊאᒀе€ܲቇ͜٫ʘ˚ۃ൯ር ͊ᖮಛԶٰٰ΅אٰ΅ٙ΂Оٰ؇אՉ˼ɛɻdਗ਼޴ᏐוዄԶٰ̙ঐʔึϓމೌૢ΁ʿ̙ঐʔึආБٙࠬᎈfϽᅇ ൯ርאʹ׸ٰ΅א͊ᖮಛԶٰٰ΅ٙ΂Оٰ؇אՉ˼ɛɻν࿁͉ԒًرϞ΂Оဲਪdܔᙄፔ༔Չਖ਼ุᚥਪf

A SEPARATE CHEQUE OR CASHIER'S ORDER MUST ACCOMPANY EACH ACCEPTANCE ӊ΅ટॶ඲ᎇڝɓੵዹͭක̈ʘ˕ୃאვБ͉ୃ

NO RECEIPT WILL BE GIVEN

͉ʮ̡ਗ਼ʔ̤೯ϗኽ

THE PROSPECTUS DOCUMENTS WILL NOT BE REGISTERED OR FILED UNDER ANY APPLICABLE SECURITIES OR EQUIVALENT LEGISLATION OF ANY JURISDICTION OTHER THAN (I) HONG KONG AND (II) THE PRC (IN ACCORDANCE WITH THE CSRC NOTICE), NO ACTION HAS BEEN TAKEN TO PERMIT A PUBLIC OFFERING OF THE NIL-PAID RIGHTS SHARES OR THE FULLY-PAID RIGHTS SHARES, OTHER THAN IN HONG KONG, OR THE DISTRIBUTION OF THIS PAL AND OTHER PROSPECTUS DOCUMENTS IN ANY JURISDICTION OTHER THAN HONG

KONG, EXCEPT FOR THE DISTRIBUTION TO THE PRC SOUTHBOUND TRADING INVESTORS.

ৰ(I) ࠰ಥʿ (II) ʕ਷€࣬ኽʕ਷ᗇ္ึஷ̮ٝdԶٰ௝೻˖΁ਗ਼ʔึ࣬ኽ΂О̡جᛆਜٙ΂Оቇ͜ᗇՎא޴ᗫجԷ೮ াאπᏦf͉ʮ̡฿ೌમ՟΂ОБਗ˸ࡘ஢׵࠰ಥ˸̮ήਜʮක೯ਯ͊ᖮಛԶٰٰ΅אʊᖮԑԶٰٰ΅dאࡘ஢׵ ࠰ಥ˸̮΂О̡جᛆਜݼ೯͉ᅲ֛ৣ೯ՌʿՉ˼Զٰ௝೻˖΁dઓΣʕ਷ಥٰஷҳ༟٫ݼ೯ৰ̮f

NO PERSON RECEIVING THE PROSPECTUS DOCUMENTS IN ANY TERRITORY OUTSIDE HONG KONG MAY TREAT IT AS AN OFFER OR INVITATION TO APPLY FOR THE RIGHTS SHARES OR EXCESS RIGHTS SHARES, UNLESS IN THE JURISDICTION WHERE SUCH AN OFFER OR INVITATION COULD LAWFULLY BE MADE WITHOUT COMPLIANCE WITH ANY REGISTRATION OR OTHER LEGAL AND REGULATORY REQUIREMENTS THEREOF. IT IS THE RESPONSIBILITY OF ANYONE OUTSIDE HONG KONG WISHING TO ACCEPT THE PROVISIONALLY ALLOTTED RIGHTS SHARES OR MAKE AN APPLICATION FOR EXCESS RIGHTS SHARES TO SATISFY HIMSELF/ HERSELF/ITSELF/THEMSELVES, BEFORE ACQUIRING NIL-PAID RIGHTS SHARES OR TO APPLY FOR EXCESS RIGHTS SHARES, AS TO THE OBSERVANCE OF THE LAWS AND REGULATIONS OF ALL RELEVANT TERRITORIES, INCLUDING OBTAINING OF ANY GOVERNMENTAL OR OTHER CONSENTS, AND TO PAY ANY TAXES AND DUTIES REQUIRED TO BE PAID IN SUCH TERRITORY IN CONNECTION THEREWITH WITHOUT PREJUDICE TO THE FOREGOING. THE COMPANY RESERVES THE RIGHT TO REFUSE TO ACCEPT ANY ACCEPTANCE OF NIL-PAID RIGHTS SHARES OR ANY APPLICATION FOR EXCESS RIGHTS SHARES WHERE IT BELIEVES THAT DOING SO WOULD VIOLATE APPLICABLE SECURITIES LEGISLATIONS OR OTHER LAWS OR REGULATIONS OF ANY

JURISDICTION.

׵࠰ಥ˸̮΂ОήਜટᐏԶٰ௝೻˖΁ٙɛɻʔ੻ਗ਼ՉൖЪ͡ሗႩᒅԶٰٰ΅אᕘ̮Զٰٰ΅ٙࠅߒאᒗሗdઓ׵ Ϟᗫ̡جᛆਜʫ̙ˡ඲፭ς΂О೮া˓ᚃאՉ˼جܛא္၍஝֛у̙Υج౤̈ࠅߒאᒗሗৰ̮f׵࠰ಥ˸̮ήਜٙ ɛɻν૧ટॶᐏᅲ֛ৣ೯ٙԶٰٰ΅א౤̈͡ሗᕘ̮Զٰٰ΅dί՟੻͊ᖮಛԶٰٰ΅א͡ሗᕘ̮Զٰٰ΅ۃd඲ ІБ፭ςהϞϞᗫήਜٙجܛʿج஝dܼ̍ίʔᅂᚤۃࠑ஝֛ٙઋرɨ՟੻΂Оִ݁אՉ˼Νจd˸ʿί༈ഃήਜ ˕˹ఱϤהც˕˹ٙ΂О೼ධʿᗫ೼fࡊ͉ʮ̡޴ڦટॶ΂О͊ᖮಛԶٰٰ΅א΂Оᕘ̮Զٰٰ΅ٙ͡ሗึ༼ˀ΂ О̡جᛆਜٙቇ͜ᗇՎجԷאՉ˼جܛאج஝dۆ͉ʮ̡ڭवלഒટॶϞᗫ͡ሗٙᛆлf

PACIFIC CENTURY PREMIUM DEVELOPMENTS LIMITED ޮ ߅ ɽ ࠃ ή ପ ೯ ࢝ Ϟ ࠢ ʮ ̡*

(Incorporated in Bermuda with limited liability)

(Stock Code: 00432)

26 February 2021

Dear Qualifying Shareholders,

INTRODUCTION

In accordance with the terms set out in the Prospectus accompanying the PAL, the Directors have provisionally allotted to you, Rights Shares on the basis of one (1) Rights Share for every two (2) existing Shares held and registered in your name(s) as at the close of business on Thursday, 25 February 2021. Your holding of Shares as at the close of business on Thursday, 25 February 2021 is set out in Box A of the PAL and the number of Rights Shares provisionally allotted to you is set out in Box B of the PAL. Capitalised terms used herein shall have the same meanings as those defined in the Prospectus unless the context requires otherwise.

The Rights Shares, when allotted, issued and fully paid, will rank pari passu with the then existing Shares in issue on the date of allotment of the Rights Shares in all respects. Holders of such fully-paid Rights Shares will be entitled to receive all future dividends and distributions which are declared, made or paid on or after the date of allotment and issue of the Rights Shares in their fully-paid form.

Subject to the fulfilment of the conditions of the Rights Issue, the Rights Issue will proceed on a non-underwritten basis irrespective of the level of acceptances of the provisionally allotted Rights Shares. In the event that there is an under-subscription of the Rights Issue, the size of the Rights Issue will be reduced accordingly. There is no minimum amount which must be raised in order for the Rights Issue to proceed. Besides, any Shareholder who applies to take up all or part of his/her/its entitlement under the PAL or apply for excess Rights Shares under EAF may unwittingly incur an obligation to make a general offer under the Takeovers Code, unless a waiver from the Executive (as defined in the Takeovers Code) has been obtained. Accordingly, the Rights Issue will be made on the term that the Company will provide for Shareholders to apply on the basis that if the Rights Shares are not fully taken up, the applications of any Shareholder for his/her/its entitlement under the PAL or for excess Rights Shares under the EAF can be scaled down to a level which does not trigger an obligation on part of the relevant Shareholder to make a general offer under the Takeovers Code.

No action has been taken to permit a public offering of the nil-paid Rights Shares or the fully-paid Rights Shares, other than in Hong Kong, or the distribution of the Prospectus or any of the related application forms, in any jurisdiction other than Hong Kong, except for the distribution to the PRC Southbound Trading Investors. Accordingly, the Prospectus Documents may not be used for the purpose of, and does not constitute, an offer or invitation in any jurisdiction or in any circumstances in which such an offer or invitation is not authorised or to any person to whom it is unlawful to make such an offer or invitation. The distribution of the Prospectus and the offering of the nil-paid Rights Shares or the fully-paid Rights Shares in other jurisdictions are subject to restrictions and may not be made except as permitted under the applicable securities laws of such jurisdictions pursuant to registration with or authorisation by the relevant securities regulatory authorities or an exemption therefrom.

It is the responsibility of any person (including, without limitation, custodians, nominees and trustees) receiving a copy of the Prospectus or any of the related application forms outside Hong Kong and wishing to take up the Rights Shares under the Prospectus to satisfy himself/herself/itself as to the full observance of the laws and regulations of the relevant territory or jurisdiction including the obtaining of any governmental or other consents for observing any other formalities which may be required in such territory or jurisdiction, and to pay any taxes, duties and other amounts required to be paid in such territory or jurisdiction in connection therewith. Any acceptance in relation to the Rights Issue by any person will be deemed to constitute a representation and warranty from such person to the Company that these local laws and requirements have been complied with. For the avoidance of doubt, neither HKSCC nor HKSCC Nominees Limited is subject to the representations and warranties provisions above. If you are in any doubt as to your position, you should consult your professional advisers.

PACIFIC CENTURY PREMIUM DEVELOPMENTS LIMITED ޮ ߅ ɽ ࠃ ή ପ ೯ ࢝ Ϟ ࠢ ʮ ̡* €׵ϵᅉ༺ൗ̅ϓͭٙϞࠢʮ̡ €ٰ΅˾໮j00432

ห઼٫j

ၫԊ

࣬ኽᅲ֛ৣ೯ՌᎇڝٙԶٰ௝೻ה༱ʘૢಛd໨ԫʊܲ2021 ϋ 2 ˜ 25 ˚€݋ ಂ ̬ᐄ ุ ࣛ ග ഐ Ҽ ࣛ ೮ া ׵ ტɨΤɨʘ ӊܵϞՇ(2)ٰତϞٰ΅ᐏৣ೯ɓ(1)ٰԶٰٰ΅ٙਿ๟dΣ ტɨᅲ֛ৣ೯Զٰٰ΅f ტɨ׵2021ϋ2˜25˚€݋ಂ̬ ᐄุࣛගഐҼࣛהٰܵ΅ᅰͦ༱׵ᅲ֛ৣ೯Ռ͠ᙷdϾᅲ֛ৣ೯ʚ ტɨٙԶٰٰ΅ᅰͦۆ༱׵ᅲ֛ৣ೯Ռɔᙷfৰ ˖່̤Ϟהܸ̮dᅲ֛ৣ೯Ռה͜൚คၾԶٰ௝೻הޢ֛٫ՈϞ޴Ν଄່f

Զٰٰ΅׵ৣ೯e೯Бʿᖮԑٰಛܝdਗ਼ၾৣ೯Զٰٰ΅຅˚ٙତϞʊ೯Бٰ΅ί΢˙ࠦԮϞΝഃᛆूf༈ഃʊᖮ ԑԶٰٰ΅ٙܵϞɛਗ਼Ϟᛆϗ՟הϞ׵ৣ೯ʿ೯БʊᖮԑԶٰٰ΅຅˚אՉܝ܁ݼeЪ̈אݼ˹ٙ˚ܝٰࢹʿʱݼf ܙԶٰٙૢ΁ᐏ༺ϓܝdԶٰਗ਼ܲڢ̍ቖਿ๟ආБdϾʔሞᅲ֛ৣ೯Զٰٰ΅ٙટॶ೻ܓνОfࡊԶٰႩᒅʔԑd Զٰٙ஝ᅼਗ਼޴ᏐᐵಯfආБԶٰԨೌ௰ЭᘪණږᕘfϤ̮d΂Оٰ؇͡ሗוᒅՉ׵ᅲ֛ৣ೯ՌධɨٙΌ௅א௅ʱ ৣᕘא࣬ኽᕘ̮͡ሗڌࣸ͡ሗႩᒅᕘ̮Զٰٰ΅d̙ঐึίʔٝઋٙઋرɨᙃ೯ϗᒅςۆ'ɨٙΌࠦϗᒅࠅߒப΂d ઓʊᐏ੻ੂБɛࡰ€່֛Ԉϗᒅςۆ'ʘᒀеۆৰ̮fΪϤdԶٰਗ਼ܲ˸ɨૢಛආБj͉ʮ̡ਗ਼ఱٰ؇ٙ͡ሗЪ̈ ஝֛dࡊԶٰٰ΅͊ᐏ઄ᅰוᒅd΂Оٰ؇͡ሗוᒅՉ׵ᅲ֛ৣ೯Ռධɨٙৣᕘא࣬ኽᕘ̮͡ሗڌࣸ͡ሗႩᒅᕘ̮ Զٰٰ΅d̙ᐵಯЇʔึᙃ೯޴ᗫٰ؇࣬ኽϗᒅςۆ'౤̈Όࠦϗᒅࠅߒʘப΂ٙ˥̻f ͉ʮ̡฿ೌમ՟΂ОБਗ˸ࡘ஢׵࠰ಥ˸̮ήਜʮක೯ਯ͊ᖮಛԶٰٰ΅אʊᖮԑԶٰٰ΅dא׵࠰ಥ˸̮΂О̡ جᛆਜݼ೯Զٰ௝೻א΂ОϞᗫ͡ሗڌࣸdઓΣʕ਷ಥٰஷҳ༟٫ݼ೯ৰ̮fΪϤdίϞᗫࠅߒאᒗሗ͊຾ҭࡘא Σ΂Оɛɻ౤̈Ϟᗫࠅߒאᒗሗу᙮༼جٙ΂О̡جᛆਜא΂ОઋرɨdԶٰ௝೻˖΁ʔ੻͜Ъ˲Ԩʔ࿴ϓࠅߒא ᒗሗf׵Չ˼̡جᛆਜݼ೯Զٰ௝೻ʿ౤я೯ਯ͊ᖮಛԶٰٰ΅אʊᖮԑԶٰٰ΅඲աࠢՓd˲ৰڢί༈ഃ̡جᛆ ਜቇٙ͜ᗇՎجࡘ஢ٙઋرɨ࣬ኽϞᗫᗇՎ္၍ዚᗫٙ೮াאબᛆאᒀеЪ̈dщۆʔ੻ආБɪࠑݺਗf ׵࠰ಥ˸̮ήਜટᐏԶٰ௝೻א΂ОϞᗫ͡ሗڌࣸٙ΂Оɛɻ€ܼ̍Шʔࠢ׵ڭ၍ɛe˾Τɛʿաৄɛν૧וᒅԶ ٰ௝೻ධɨԶٰٰ΅d඲ІБΌࠦ፭ςϞᗫήਜא̡جᛆਜٙجܛʿج஝dܼ̍፭ς༈ήਜא̡جᛆਜ̙ঐ஝֛ٙ ΂ОՉ˼͍ό˓ᚃϾ՟੻΂Оִ݁אՉ˼Νจd˸ʿί༈ഃήਜא̡جᛆਜ˕˹ఱϤהც˕˹ٙ΂О೼ධeᗫ೼ʿ Չ˼ಛධf΂Оɛɻ࿁ϞᗫԶٰЪ̈ٙ΂Оટॶdਗ਼஗ൖމ࿴ϓ༈Τɛɻఱʊ፭ς༈ഃ຅ήجܛʿ஝֛Σ͉ʮ̡Ъ ̈ٙᑊ׼ʿڭᗇfމеৰဲᅇd࠰ಥഐၑʿ࠰ಥഐၑ€˾ଣɛϞࠢʮ̡฿ʔաɪࠑᑊ׼ʿڭᗇૢ˖ה஝ࠢf ტɨν ࿁ІԒઋرϞ΂ОဲਪdᏐፔ༔ ტɨٙਖ਼ุᚥਪf

PROCEDURE FOR ACCEPTANCE AND PAYMENT

To take up your provisional allotment in full you must lodge the whole of the PAL intact and in accordance with the instructions printed thereon with the Registrar, Computershare Hong Kong Investor Services Limited whose address is at Shops 1712-1716, 17th Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong or any designated branches of Hang Seng Bank Limited as mentioned below together with a remittance for the full amount payable on acceptance, as set out in Box C of the PAL, so as to be received by the Registrar or Hang Seng Bank Limited not later than 4:00 p.m. on Wednesday, 17 March 2021 (or, under bad weather conditions, such later date and/or time as mentioned in the section headed "Effect of Bad Weather and/or Extreme Conditions" below). All remittances must be made in Hong Kong dollars and cheques must be drawn on an account with, and cashier's orders must be issued by, a licensed bank in Hong Kong and made payable to "Pacific Century Premium Developments Limited - PAL" and crossed "Account Payee Only". Such payment will constitute acceptance of provisional allotment of Right Shares on the terms of the PAL and the Prospectus and subject to the memorandum of association and the bye-laws of the Company. No receipt will be issued for sums received on application. Share certificate(s) for any Rights Shares in respect of which the application is accepted will be sent to the Qualifying Shareholders, and in the case of joint Qualifying Shareholders, to the first-named Qualifying Shareholder, by ordinary post at their own risk to their registered address on or before Wednesday, 24 March 2021.

Hang Seng Bank Limited

Headquarter/Branch Name Address

It should be noted that unless the duly completed PAL, together with the appropriate remittance for the amount shown in Box C of the PAL, has been received as described above by not later than 4:00 p.m. on Wednesday, 17 March 2021 (or, under bad weather conditions, such later date and/or time as mentioned in the section headed "Effect of Bad Weather and/or Extreme Conditions" below), the PAL and all rights and entitlements hereunder will be deemed to have been declined and the relevant Rights Shares will be cancelled. The Company may (at its sole discretion but without obligation) treat a PAL (lodged as mentioned above) as valid and binding on the person(s) by whom or on whose behalf it is lodged even if it is not completed in accordance with the relevant instructions.

TRANSFER

If you wish to transfer all of your rights to subscribe for the Rights Shares provisionally allotted to you hereunder, you must complete and sign the form of transfer and nomination (Form B) and hand the PAL to the person(s) to or through whom you are transferring your rights. The transferee(s) must then complete and sign the registration application form (Form C) and lodge the PAL intact together with a remittance for the full amount payable on acceptance as set out in Box C of the PAL with the Registrar, Computershare Hong Kong Investor Services Limited whose address is at Shops 1712-1716, 17th Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong or any designated branches of Hang Seng Bank Limited as mentioned hereinabove, so as to be received by the Registrar or Hang Seng Bank Limited not later than 4:00 p.m. on Wednesday, 17 March 2021 (or, under bad weather conditions, such later date and/or time as mentioned in the section headed "Effect of Bad Weather and/or Extreme Conditions" below). It should be noted that Hong Kong ad valorem stamp duty is payable in connection with the transfer of your rights to subscribe for the relevant Rights Shares and the acceptance by the transferee(s) of such rights. If you are an Overseas Shareholder, please refer to the section headed "Letter from the Board - Rights Issue - Rights of the Overseas Shareholders" in the Prospectus for details of the restrictions which may be applicable to you.

SPLITTING

If you wish to accept only part of your provisional allotment or to transfer part of your rights to subscribe for the Rights Shares provisionally allotted hereunder, or to transfer all or part of your rights to more than one person, the original PAL must be surrendered and lodged for cancellation by not later than 4:30 p.m. on Tuesday, 9 March 2021 with the Registrar, Computershare Hong Kong Investor Services Limited, at Shops 1712-1716, 17th Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong, who will cancel the original PAL and issue new PALs in the denominations as required, which will be available for collection from the Registrar at the aforementioned address after 9:00 a.m. on the second Business Day after the date of your surrender of the original PAL.

ટॶʿ˹ಛ˓ᚃ

ტɨν૧וᒅΌᅰᅲ֛ৣᕘdۆ඲ʔ፰׵2021ϋ3˜17˚€݋ಂɧɨʹ4͍ࣛ€אίెΕ˂ंઋرɨdɨ˖˜ెΕ˂ंʿŊ א฽၌ઋرʘᅂᚤ™ɓືהࠑٙ༰ܝ˚ಂʿŊאࣛගdਗ਼዆΅ᅲ֛ৣ೯ՌܲՉΐΙʘܸͪஹΝᅲ֛ৣ೯Ռ˯ᙷה༱ ટॶࣛᏐ˹ʘΌᅰٰಛʹΫ೮াஈ࠰ಥʕ̯ᗇՎ೮াϞࠢʮ̡€ήѧމ࠰ಥᝄ˺ެΧɽ༸؇ 183໮Υձʕː17ᅽ1712- 1716܃אɨ˖הࠑ㛬͛ვБϞࠢʮ̡ٙ΂Оܸ֛ʱБd˸ک೮াஈא㛬͛ვБϞࠢʮ̡ঐ੄ϗՑfהϞٰಛ̀඲˸ ಥ࿆˕˹d˕ୃ඲͟࠰ಥܵ೐ვБ˒ɹක̈dვБ͉ୃ͵඲͟࠰ಥܵ೐ვБ೯̈dԨൗ׼ױ᎘ɛމ˜ Pacific Century Premium Developments Limited - PAL™ʿ ˸˜ ̥ࡘɝױ᎘ɛሪ˒™˙όྌᇞක̈fϞᗫ˹ಛਗ਼࿴ϓܲᅲ֛ৣ೯ՌʿԶٰ ௝೻ٙૢಛ˸ʿί͉ʮ̡ٙଡ଼ᔌ௝೻ɽၤʿʮ̡୚ۆ஝ࠢɨટॶԶٰٰ΅ᅲ֛ৣᕘf͡ሗࣛϗ৆ʘٰಛਗ਼ʔึᐏ೯ ϗኽfᐏટॶ͡ሗʘ΂ОԶٰٰ΅ٰٙୃਗ਼׵2021ϋ3˜24 ˚€݋ಂɧאʘۃ˸౷ஷඉ჈˙ό੔೯ʚΥ༟ٰࣸ؇€ࡊމ ᑌΤΥ༟ٰࣸ؇dۆމΤΐ࠯ЗʘΥ༟ٰࣸ؇ٙ೮াήѧdඉႬࠬᎈ฿͟־ഃІБוዄf

㛬͛ვБϞࠢʮ̡

ਕሗءจdৰڢʊ෬Ѽٙᅲ֛ৣ೯ՌஹΝᅲ֛ৣ೯Ռ˯ᙷהͪٙቇ຅ٰಛʊνɪ˖הࠑʔ፰׵2021ϋ3˜17˚€݋ಂɧ ɨʹ4 ͍ࣛ€אίెΕ˂ंઋرɨdɨ˖˜ెΕ˂ंʿŊא฽၌ઋرʘᅂᚤ™ɓືהࠑٙ༰ܝ˚ಂʿŊאࣛගϗՑdщ ۆਗ਼஗ൖЪ׳૝ᅲ֛ৣ೯ՌʿɓʲϞᗫᛆлʿৣᕘdϾϞᗫԶٰٰ΅ਗ਼ึ஗ൗቖfуԴܲɪࠑ஝֛ʹΫٙᅲ֛ৣ೯ ՌԨ͊ܲϞᗫܸͪ෬Ѽd͉ʮ̡̙€Όᛆ৤ઋӔ֛ШԨೌப΂ਗ਼ՉൖމϞࣖdԨ࿁჈ʹڌࣸٙɛɻאՉ˾ڌՈߒҼɢf

ᔷᜫ

ტɨν૧ਗ਼Ό௅ᅲ֛ৣ೯ʚ ტɨʘԶٰٰ΅Ⴉᒅᛆᔷᜫd඲෬Ѽʿᖦ໇ᔷᜫʿ౤Τڌࣸ€ڌࣸɔdԨਗ਼͉ᅲ֛ৣ ೯ՌʹʚႩᒅᛆٙוᜫɛאᔷᜫ຾˓ɛfՉܝdוᜫɛ඲ʔ፰׵ 2021 ϋ 3 ˜ 17 ˚€݋ ಂ ɧɨ ʹ4͍ࣛ€אίెΕ˂ंઋ رɨdɨ˖˜ెΕ˂ंʿŊא฽၌ઋرʘᅂᚤ™ɓືהࠑٙ༰ܝ˚ಂʿŊאࣛග෬Ѽʿᖦ໇೮া͡ሗڌࣸ€ڌࣸ˯d ್ܝਗ਼዆΅ᅲ֛ৣ೯ՌஹΝᅲ֛ৣ೯Ռ˯ᙷהͪટॶࣛᏐ˹ʘΌᅰٰಛʹΫ೮াஈ࠰ಥʕ̯ᗇՎ೮াϞࠢʮ̡€ήѧ މ࠰ಥᝄ˺ެΧɽ༸؇ 183 ໮Υձʕː 17 ᅽ 1712-1716 ܃אɪ˖הࠑ㛬͛ვБϞࠢʮ̡ٙ΂Оܸ֛ʱБd˸ک೮াஈ א㛬͛ვБϞࠢʮ̡ঐ੄ϗՑfᔫሗءจd ტɨᔷᜫϞᗫԶٰٰ΅ٙႩᒅᛆʚוᜫɛࣛd඲ᖮ˹࠰ಥ੽ᄆΙڀ೼d Ͼוᜫɛ׵ટॶϞᗫᛆлࣛ͵඲ᖮ˹࠰ಥ੽ᄆΙڀ೼fࡊ ტɨމऎٰ̮؇dሗਞቡԶٰ௝೻ʫ˜໨ԫึՌ΁ - Զٰ - ऎٰ̮؇ٙᛆл™ɓືϞᗫ̙ঐቇ͜׵ ტɨٙࠢՓ༉ઋf

ʱװ

ტɨν૧සટॶ௅ʱᅲ֛ৣᕘאᔷᜫᅲ֛ৣ೯Ռהࠑᐏᅲ֛ৣ೯˸ႩᒅԶٰٰ΅ٙ௅ʱᛆлdאਗ਼הϞא௅ʱᛆл ᔷᜫʚɓΤ˸ɪٙɛɻdۆ඲ʔ፰׵2021ϋ3˜9˚€݋ ಂ ɚɨ ʹ4ࣛ30ʱਗ਼ࡡϞᅲ֛ৣ೯ՌʹΫʿяʹ೮াஈ࠰ಥʕ ̯ᗇՎ೮াϞࠢʮ̡€ήѧމ࠰ಥᝄ˺ެΧɽ༸؇183໮Υձʕː17ᅽ1712-1716 ܃d˸ک೮াஈൗቖࡡϞᅲ֛ৣ೯Ռd Ԩܲהცᅰᕘ೯̈อᅲ֛ৣ೯Ռfอᅲ֛ৣ೯Ռ̙׵ ტɨʹΫࡡϞᅲ֛ৣ೯Ռʘ˚ಂܝୋɚࡈᐄุ˚ɪʹ9͍ࣛܝ ί೮াஈٙɪࠑήѧჯ՟f

EFFECT OF BAD WEATHER AND/OR EXTREME CONDITIONS

The latest time for acceptance of and payment for the Rights Shares and application and payment for excess Right Shares will not take effect if there is a tropical cyclone warning signal no. 8 or above, "extreme conditions" caused by super typhoon as announced by the government of Hong Kong or a "black" rainstorm warning: (i) in force in Hong Kong at any local time before 12:00 noon and no longer in force after 12:00 noon on Wednesday, 17 March 2021. Instead, the latest time of acceptance of and payment for the Rights Shares and application and payment for excess Right Shares will be extended to 5:00 p.m. at the Registrar, Computershare Hong Kong Investor Services Limited or 4:30 p.m. at any mentioned designated branches of Hang Seng Bank Limited on the same Business Day; or (ii) in force in Hong Kong at any local time between 12:00 noon and 4:00 p.m. on Wednesday, 17 March 2021. Instead, the latest time of acceptance of and payment for the Rights Shares and application and payment for excess Right Shares will be re-scheduled to 4:00 p.m. on the following Business Day which does not have either of those warnings in force at any time between 9:00 a.m. and 4:00 p.m.

If the latest time for acceptance and payment for the Rights Shares and application and payment for excess Rights Shares does not take effect on Wednesday, 17 March 2021, the dates mentioned in the expected timetable in the Prospectus may be affected. The Company will notify the Shareholders by way of announcement(s) on any changes to the expected timetable as soon as practicable in this regard.

FRACTIONAL ENTITLEMENTS

The Company will not provisionally allot and will not accept application for any fractions of the Rights Shares. All fractions of the Rights Shares will be aggregated (and rounded down to the nearest whole number) and sold by the Company in the open market if a premium (net of expenses) can be obtained, and the Company will keep the net proceeds for its own benefit. Any unsold fractions of the Rights Shares will be aggregated and made available for excess application by the Qualifying Shareholders.

ODD LOT MATCHING SERVICES

In order to facilitate the trading of odd lots of Shares which will arise upon the Rights Issue, the Company has appointed Computershare Hong Kong Investor Services Limited whose address is at Shops 1712-1716, 17th Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong as an agent to provide matching service, on a best effort basis, to those Shareholders who wish to acquire odd lots of the Shares to make up a full board lot, or to dispose of their holding of odd lots of the Shares. Shareholders who wish to take advantage of this service are recommended to make an appointment in advance by dialing the telephone number of Computershare Hong Kong Investor Services Limited at telephone number (852) 2862 8555 from 9:00 a.m. on Thursday, 25 March 2021, to 4:00 p.m. on Thursday, 15 April 2021.

Holders of Shares in odd lots should note that the matching services mentioned above are on a "best effort" basis only and successful matching of the sale and purchase of odd lots of Shares is not guaranteed and will depend on there being adequate amount of odd lots of Shares available for matching. Any Shareholder who is in any doubt about the odd lots arrangements is recommended to consult his/her/ its own professional advisers.

EXCESS RIGHTS SHARES

Qualifying Shareholders (other than the PRC Southbound Trading Investors) may apply, by way of excess application, for (i) any unsold entitlements of the Excluded Shareholders; (ii) any Rights Shares provisionally allotted but not accepted; and (iii) any unsold Rights Shares arising out of the aggregation of fractional entitlements. Application for excess Rights Shares can be made only by Qualifying Shareholders (other than the PRC Southbound Trading Investors). If a Qualifying Shareholder (other than the PRC Southbound Trading Investors) wishes to apply for excess Rights Shares in addition to his/her/its provisional allotment, he/she/it must complete and sign an EAF (in accordance with the instructions printed thereon) and lodge it with Hang Seng Bank Limited or the Registrar, together with a separate cheque or cashier's order, for the amount payable on application in respect of the excess Rights Shares applied for by no later than 4:00 p.m. on Wednesday, 17 March, 2021 (or such later date as mentioned in the paragraph headed "Effect of Bad Weather and/ or Extreme Conditions" above). All remittances must be made in Hong Kong dollars and cheques must be drawn on an account with, and cashier's orders must be issued by, a licensed bank in Hong Kong and made payable to "PACIFIC CENTURY PREMIUM DEVELOPMENTS LIMITED - EAF" and crossed "Account Payee Only". The Company may at its discretion treat an EAF as valid and binding on the person(s) by himself/herself/itself/themselves or on whose behalf it is lodged even if not completed in accordance with the relevant instructions.

The Directors will allocate the excess Rights Shares (if any) at their discretion on a fair and equitable basis and on a pro rata basis in proportion to the number of excess Rights Shares being applied for under each application. No reference will be made to Rights Shares subscribed through applications by PAL(s) or the existing number of Shares held by Qualifying Shareholders. If the aggregate number of Rights Shares not taken up by the Qualifying Shareholders under PAL(s) is greater than the aggregate number of excess Rights Shares applied for through EAF(s), the Directors will allocate in full to each Qualifying Shareholder (other than the PRC Southbound Trading Investors) the number of excess Rights Shares applied for under the EAF(s). In applying the above principles, reference will only be made to the number of excess Rights Shares being applied for. No preference will be given to topping up odd lots to whole board lots. Beneficial Owner with their Shares held by a Registered Owner, or which are held in CCASS, should note that the Registered Owner (including HKSCC Nominees Limited) is registered as a single Shareholder according to the register of members of the Company. Accordingly, Beneficial Owners whose Shares are registered in the name of a Registered Owner, or which are held in CCASS, should note that the aforesaid arrangement in relation to the allocation of excess Rights Shares will not be extended to them individually.

ెΕ˂ंʿŊא฽၌ઋرʘᅂᚤ

׵˸ɨઋرɨdટॶԶٰٰ΅Ԩᖮ˹ٰಛ˸ʿ͡ሗᕘ̮Զٰٰ΅Ԩᖮ˹ٰಛٙ௰ܝࣛࠢਗ਼ʔึ͛ࣖjࡊ8໮א˸ɪᆠ ੭ंૅᙆѓڦ໮e͟࠰ಥִ݁הʮб൴੶ჱࠬˏߧٙ˜฽၌ઋر™א˜ලЍ™ᅳڠᙆѓڦ໮ (i)׵຅ήࣛග2021ϋ3˜17˚€݋ ಂ ɧʕ ʹ12͍ࣛۃ΂Оࣛගί࠰ಥ͛ࣖ˲׵ʕʹ12͍ࣛܝʔΎ͛ࣖdۆટॶԶٰٰ΅Ԩᖮ˹ٰಛ˸ʿ͡ሗᕘ̮Զٰ ٰ΅Ԩᖮ˹ٰಛٙ௰ܝࣛࠢਗ਼ַЇΝɓᐄุ˚ɨʹ5 ͍ࣛ€೮াஈ࠰ಥʕ̯ᗇՎ೮াϞࠢʮ̡אɨʹ 4ࣛ30ʱ€㛬 ͛ ვ БϞࠢʮ̡ٙ΂Оܸ֛ʱБiא (ii) ׵຅ήࣛග2021ϋ3˜17˚€݋ ಂ ɧʕ ʹ12͍ࣛЇɨʹ4͍ࣛಂගʘ΂Оࣛගί࠰ ಥ͛ࣖdۆટॶԶٰٰ΅Ԩᖮ˹ٰಛ˸ʿ͡ሗᕘ̮Զٰٰ΅Ԩᖮ˹ٰಛٙ௰ܝࣛࠢਗ਼ࠠอτરЇɨɓࡈᐄุ˚€ί༈ ˚ɪʹ9͍ࣛЇɨʹ4͍ࣛಂග΂Оࣛගѩೌᘔન΂О༈ഃᙆѓڦ໮ɨʹ4͍ࣛf

ࡊટॶԶٰٰ΅Ԩᖮ˹ٰಛ˸ʿ͡ሗᕘ̮Զٰٰ΅Ԩᖮ˹ٰಛٙ௰ܝࣛࠢԨڢ׵ 2021ϋ3˜17 ˚€݋ಂɧ͛ࣖdۆԶ ٰ௝೻ʕʘཫಂࣛගڌהࠑ˚ಂאึաՑᅂᚤf͉ʮ̡ਗ਼ίྼყ̙БٙઋرɨးҞਗ਼ཫಂࣛගڌʘ΂Оᜊਗ˸ʮѓ ˙όஷٰٝ؇f

ཧຟৣᕘ

͉ʮ̡ਗ਼ʔึᅲ֛ৣ೯΂ОཧຟԶٰٰ΅d͵ਗ਼ʔટա࿁΂ОཧຟԶٰٰ΅ٙ͡ሗfίϔৰක˕ܝ̙ᐏ੻๐ᄆٙઋ رɨd͉ʮ̡ਗ਼คණ€ԨɨሜЇ௰ટڐ዆ᅰהϞཧຟԶٰٰ΅Ԩ׵ʮක̹ఙɪ̈ਯdϾה੻ಛධଋᕘਗ਼ᅡᓥ͉ʮ̡ הϞf΂О͊̈ਯٙཧຟԶٰٰ΅ਗ਼ʚคණԨ̙ԶΥ༟ٰࣸ؇ᕘ̮͡ሗႩᒅf

ຟٰ࿁ᆵ؂ਕ

މ˙ک൯ርԶٰהପ͛ٙཧຟٰ΅d͉ʮ̡ʊ։໌࠰ಥʕ̯ᗇՎ೮াϞࠢʮ̡€ήѧމ࠰ಥᝄ˺ެΧɽ༸؇183 ໮Υ ձʕː17ᅽ1712-1716܃މ˾ଣd˸း௰ɽрɢމϞจϗᒅཧຟٰ΅˸ಫϓɓ˓ҁ዆൯ርఊЗא̈ਯ־ഃהܵཧຟٰ ΅ٰٙ؇౤Զ࿁ᆵ؂ਕfٰ؇νϞจԴ͜Ϥ؂ਕdᏐ׵2021ϋ3˜25˚€݋ಂ̬ɪʹ9͍ࣛЇ2021ϋ4˜15˚€݋ ಂ ̬ɨ ʹ4͍ࣛᅡ͂࠰ಥʕ̯ᗇՎ೮াϞࠢʮ̡ٙཥ༑໮ᇁ (852) 2862 8555౤ۃཫߒf

ཧຟٰ΅ܵϞɛਕሗءจdɪ˖הࠑٙ࿁ᆵ؂ਕසܲ˜௰ɽрɢ™ਿ๟ආБd฿ʔڭᗇཧຟٰ΅ٙ൯ር̙ᐏϓ̌࿁ᆵd ঐщϓ̌ਗ਼՟Ӕ׵݊щՈϞ̂ԑᅰඎٙཧຟٰ΅̙Զ࿁ᆵf΂Оٰ؇ν࿁ຟٰτરϞ΂ОဲਪdܔᙄІБፔ༔Չਖ਼ ุᚥਪf

ᕘ̮Զٰٰ΅

Υ༟ٰࣸ؇€ʕ਷ಥٰஷҳ༟٫ৰ̮̙ீཀᕘ̮͡ሗٙ˙ό͡ሗႩᒅ (i) ৰٰ̮؇ٙ΂О͊̈ਯৣᕘi (ii) ΂Оʊᅲ֛ ৣ೯Ш͊ᐏટॶٙԶٰٰ΅iʿ (iii) Ϊคණཧຟৣᕘପ͛ٙ΂О͊̈ਯԶٰٰ΅fႩᒅᕘ̮Զٰٰ΅ٙ͡ሗස̙͟Υ ༟ٰࣸ؇€ʕ਷ಥٰஷҳ༟٫ৰ̮Ъ̈fΥ༟ٰࣸ؇€ʕ਷ಥٰஷҳ༟٫ৰ̮ν૧͡ሗႩᒅε׵Չᐏᅲ֛ৣ೯ʘ΂ ОԶٰٰ΅dۆ̀඲ܲᕘ̮͡ሗڌࣸɪΙ௪ʘܸͪਗ਼ڌࣸ෬ѼԨᖦ໇dԨஹΝఱה͡ሗႩᒅᕘ̮Զٰٰ΅඲׵͡ሗ ࣛᖮʹʘಛධdʔ፰׵ 2021ϋ3˜17˚€݋ ಂ ɧɨ ʹ4͍ࣛ€אɪ˖˜ెΕ˂ंʿŊא฽၌ઋرʘᅂᚤ™ɓݬהࠑٙ༰ܝ ˚ಂ৔༺㛬͛ვБϞࠢʮ̡א೮াஈfהϞٰಛ඲˸ಥ࿆ᖮ˹dԨ˸͟࠰ಥܵ೐ვБ˒ɹක̈ʘ˕ୃא͟࠰ಥܵ೐

ვБ೯̈ʘვБ͉ୃ˕˹dൗ׼ױ᎘ɛމ˜PACIFIC CENTURY PREMIUM DEVELOPMENTS LIMITED - EAF™ʿ˸˜̥

ࡘɝױ᎘ɛሪ˒™ྌ㝬˙όක̈f͉ʮ̡̙БԴ৤ઋᛆӔ֛ᕘ̮͡ሗڌࣸ࿁ІБא͟˾ڌ჈ʹڌࣸʘɛɻމϞࣖʿՈ ߒҼɢ€уԴ༈ഃɛɻԨ͊Ա๫Ϟᗫܸͪ෬Ѽڌࣸf

໨ԫਗ਼ܲʮ̻ʿʮ͍ਿ๟৤ઋৣ೯ᕘ̮Զٰٰ΅€νϞdԶٰٰ΅࣬ኽӊ΅͡ሗה͡ሗႩᒅᕘ̮Զٰٰ΅ᅰͦܲˢ ԷʱৣfʔึਞϽ˸ᅲ֛ৣ೯Ռ౤̈͡ሗϾႩᒅʘԶٰٰ΅א͟Υ༟ٰࣸ؇ܵϞʘତϞٰ΅ᅰͦfνΥ༟ٰࣸ؇͊ ࣬ኽᅲ֛ৣ೯ՌוᒅٙԶٰٰ΅ᐼᅰɽ׵ீཀᕘ̮͡ሗڌࣸ͡ሗٙᕘ̮Զٰٰ΅ᐼᅰd໨ԫਗ਼ึΣӊΤΥ༟ٰࣸ؇€ʕ ਷ಥٰஷҳ༟٫ৰ̮ʱৣ࣬ኽᕘ̮͡ሗڌࣸה͡ሗٙΌ௅ٰ΅ᅰͦf׵Ꮠ͜ɪࠑࡡۆࣛdසਞϽה͡ሗٙᕘ̮Զٰ ٰ΅ᅰͦf฿ʔึఱಫԑҁ዆൯ርఊЗʘ͡ሗЪᎴ΋ʱৣfٰ΅͟ൗ̅ኹϞɛאʕ̯ഐၑӻ୕ܵϞʘྼूኹϞɛᏐ ءจd࣬ኽ͉ʮٰ̡ٙ؇Τ̅dൗ̅ኹϞɛ€ܼ̍࠰ಥഐၑ€˾ଣɛϞࠢʮ̡ᐏ೮াމఊɓٰ؇fΪϤdՉٰ΅˸ൗ ̅ኹϞɛΤ່೮াא͟ʕ̯ഐၑӻ୕ܵϞʘྼूኹϞɛᏐءจd͉ʮ̡ʔึΣ־ഃࡈйЪ̈ɪࠑʱৣᕘ̮Զٰٰ΅ ʘτરf

QUALIFYING SHAREHOLDERS AND EXCLUDED SHAREHOLDERS

To qualify for the Rights Issue and to accept the Rights Shares provisionally allotted under this PAL, a Shareholder must have been registered as a member of the Company at 5:00 p.m. on the Record Date and must not be an Excluded Shareholder. Excluded Shareholders are: (i) any Shareholder(s) whose name(s) appeared in the register of members of the Company at the close of business on the Record Date and whose address(es) as shown on such register is/are in any of the Specified Territories, except for those Overseas Shareholders who fulfil, to the satisfaction of the Company, the relevant requirements specified in the paragraph headed "Limited categories of persons in the Specified Territories who may be able to take up their nil-paid Rights Shares and subscribe for the Rights Shares under the Rights Issue" in the section headed "Letter from the Board" in the Prospectus; and (ii) any Shareholders or Beneficial Owners on the Record Date who are otherwise known by the Company to be residing in any of the Specified Territories, except for those Shareholders or Beneficial Owners who fulfil the requirements specified in the paragraph headed "Limited categories of persons in the Specified Territories who may be able to take up their nil-paid Rights Shares and subscribe for the Rights Shares under the Rights Issue" in the section headed "Letter from the Board" in the Prospectus to the satisfaction of the Company. Beneficial Owners may or may not be eligible to take part in the Rights Issue. Notwithstanding any other provision in the Prospectus Documents, the Company reserves the right to permit any Shareholder or Beneficial Owner to participate in the Rights Issue and take up his/her/its entitlement to the Rights Shares if the Company, in its absolute discretion, is satisfied that the offer under the Rights Issue is exempt from or not subject to the legislation or regulations giving rise to the restrictions in questions. The Company also reserves the right to refuse to accept any application for Rights Shares where it believes that doing so would violate the applicable securities or other laws or regulations of any jurisdiction.

WARNING OF THE RISK OF DEALING IN THE SHARES AND NIL-PAID RIGHTS SHARES

It should be noted that the Shares have been dealt in on an ex-rights basis since Wednesday, 17 February 2021. Dealings in the Rights Shares in the nil-paid form will take place from Tuesday, 2 March 2021 to Friday, 12 March 2021 (both dates inclusive). If any of the conditions of the Rights Issue is not fulfilled (and where applicable, is not waived) on or before 4:00 p.m. on Thursday, 18 March 2021 (or such later time and/or date as the Company may determine), the Rights Issue will not proceed.

Any dealings in the Shares prior to the date on which all the conditions of the Rights Issue are fulfilled and/or waived (where applicable), and any Shareholders dealing in the Rights Shares in nil-paid form will accordingly bear the risk that the Rights Issue may not become unconditional or may not proceed.

REPRESENTATIONS AND WARRANTIES

By completing, signing and submitting this PAL, each subscriber of Rights Shares being offered and sold outside the United States hereby represents and warrants to the Company, unless in their sole discretion, the Company waive such requirement expressly in writing that:

• • He/she/it was a Shareholder on the Record Date, or he/she/it lawfully acquired or may lawfully acquire the rights, directly or indirectly, from such a person;

• • He/she/it may lawfully be offered, take up, obtain, subscribe for and receive the rights and/or the Rights Shares in the jurisdiction in which he/she/it resides or is currently located;

• • He/she/it is not resident or located in, or a citizen of, the U.S.;

• • He/she/it is not accepting an offer to acquire or take up the rights or Rights Shares on a non-discretionary basis for a person or for the account of a person who is resident or located in, or a citizen of, the U.S. at the time the instruction to accept was given;

• • He/she/it is acquiring the rights and/or the Rights Shares in an "offshore transaction" as defined in Regulation S under the U.S.

  Securities Act;

• • He/she/it has not been offered the Rights Shares by means of any "directed selling efforts" as defined in Regulation S under the U.S.

  Securities Act;

• • He/she/it is not acquiring rights or Rights Shares or subscribing for or accepting Rights Shares with a view to the offer, sale, renouncement, transfer, delivery or distribution, directly or indirectly, of such rights or Rights Shares into the U.S.; and

• • He/she/it understands that neither the rights nor the Rights Shares have been or will be registered under the U.S. Securities Act or with any securities regulatory authority of any state, territories, or possession of the U.S. and the rights and Rights Shares are being distributed and offered only outside the U.S. in reliance on Regulation S. Consequently he/she/it understands the rights or Rights Shares may not be offered, sold, renounced, pledged or otherwise transferred in or into the U.S., except in reliance on an exemption from, or in transactions not subject to, the registration requirements of the U.S. Securities Act.

For the avoidance of doubt, neither HKSCC nor HKSCC Nominees Limited is subject to any of the representations and warranties above.

Υ༟ٰࣸ؇ʿৰٰ̮؇

މୌΥ༟ࣸਞၾԶٰʿ࣬ኽ͉ᅲ֛ৣ೯Ռટॶᅲ֛ৣ೯ʘԶٰٰ΅dٰ؇̀඲׵া፽˚ಂɨʹ5͍ࣛʊ຾೮াϓމ͉ ʮ̡ʘٰ؇d˲Ԩڢৰٰ̮؇fৰٰ̮؇މ (i) ׵া፽˚ಂᐄุࣛගഐҼࣛΤΐ͉ʮٰ̡؇Τ̅˲׵༈Τ̅ʫהͪήѧ З׵΂Оत֛ήਜʘٰ؇€ઓ͉ʮ̡ڦॶୌΥԶٰ௝೻˜໨ԫึՌ΁™ɓື˜त֛ήਜʫ̙וᒅ͊ᖮಛԶٰٰ΅ʿႩᒅ ԶٰධɨԶٰٰ΅ٙϞࠢᗳйɛɻ™ɓݬࠈ׼ʘϞᗫ஝֛ʘऎٰ̮؇ৰ̮iʿ (ii) ׵া፽˚ಂኽ͉ʮ̡̤Б੻઄މ΂ Оत֛ήਜ֢͏ʘ΂Оٰ؇אྼूኹϞɛ€ઓ͉ʮ̡ڦॶୌΥԶٰ௝೻˜໨ԫึՌ΁™ɓື˜त֛ήਜʫ̙וᒅ͊ᖮಛ Զٰٰ΅ʿႩᒅԶٰධɨԶٰٰ΅ٙϞࠢᗳйɛɻ™ɓݬࠈ׼ʘϞᗫ஝֛ʘٰ؇אྼूኹϞɛৰ̮fྼूኹϞɛ̙ ঐึאʔึୌΥ༟ࣸਞၾԶٰfኋ၍Զٰ௝೻˖΁Ϟ΂ОՉ˼஝֛dࡊ͉߰ʮ̡Όᛆ৤ઋڦॶԶٰ౤я೯ਯʊᐏᒀ еאˡ඲፭ςପ͛הࠑࠢՓʘجԷא஝Էd͉ʮ̡ڭवᛆл࢙஢΂Оٰ؇אྼूኹϞɛਞၾԶٰʿટॶՉԶٰٰ΅ ৣᕘfࡊ͉ʮ̡޴ڦટॶ΂ОԶٰٰ΅Ⴉᒅ͡ሗึ༼ˀ΂О̡جᛆਜٙቇ͜ᗇՎאՉ˼جԷא஝Էdۆ͉ʮ̡ڭव לഒટॶϞᗫ͡ሗٙᛆлf

Ϟᗫ൯ርٰ΅ʿ͊ᖮಛԶٰٰ΅ٙࠬᎈᙆѓ

ਕሗءจdٰ΅ʊІ 2021ϋ2˜17 ˚€݋ಂɧৎܲৰᛆਿ๟൯ርf͊ᖮಛԶٰٰ΅ਗ਼׵ 2021ϋ3˜2˚€݋ಂɚЇ2021ϋ 3˜12 ˚€݋ಂʞ€ܼ̍࠯҈Շ˚ಂග൯ርfࡊԶٰٙ΂Оૢ΁͊ঐ׵ 2021ϋ3˜18˚€݋ಂ̬ɨʹ4 ͍ࣛאʘۃ€א͉ ʮ̡̙ঐᔾ֛ٙ༰ܝࣛගʿŊא˚ಂᐏ༺ϓ€ʿ€ܲቇ͜٫ᒀеdۆԶٰਗ਼ʔึආБf

׵ԶٰٙהϞૢ΁ᐏ༺ϓʿŊאᒀе€ܲቇ͜٫ʘ˚ۃ൯ርٰ΅d˸ʿ΂Оٰ؇൯ር͊ᖮಛԶٰٰ΅dਗ਼޴Ꮠוዄ Զٰ̙ঐʔึϓމೌૢ΁ʿ̙ঐʔึආБٙࠬᎈf

ᑊ׼ʿڭᗇ

ࡊ߰෬ѼeᖦѼʿʹΫ͉ᅲ֛ৣ೯Ռdίߕ਷˸̮ᐏ౤яʿ̈ਯʘԶٰٰ΅ٙӊЗႩᒅɛуኽϤΣ͉ʮ̡Ъ̈˸ɨ ᑊ׼ʿڭᗇdৰڢ͉ʮ̡ܲՉΌᛆ৤ઋ˸ࣣࠦ˙ό׼ᆽӔ֛ᒀеϞᗫ஝֛j

• h ־׵া፽˚ಂމٰ؇dא־ʊԱجא̙Աج੽Ϟᗫɛɻٜટאගટ՟੻Զٰᛆi

• h ־̙ΥجίՉ֢Иאͦۃהஈʘ̡جᛆਜᐏ౤яeટॶe՟੻eႩᒅʿϗ՟ԶٰᛆʿŊאԶٰٰ΅i

• h ־Ԩڢ֢׵אஈ׵ߕ਷dאމߕ਷ʘʮ͏i

• h ־Ԩڢܲڢ৤ઋਿ๟މഗʚટॶܸ֢ͪࣛ׵אஈ׵ߕ਷ʘɛɻdאމߕ਷ʘʮ͏ϗᒅאટॶԶٰᛆאԶٰٰ΅ ʘܔᙄi

• h ־͍ίɓ֚࣬ኽߕ਷ᗇՎج஝Է S הޢ֛ʘ˜ᕎ֦ʹ׸™ʕ՟੻ԶٰᛆʿŊאԶٰٰ΅i

• h ־Ԩڢ˸࣬ኽߕ਷ᗇՎج஝Է S הޢ֛ʘ΂О˜֛Σቖਯ™˙όᐏ౤яԶٰٰ΅i

• h ־՟੻ԶٰᛆאԶٰٰ΅אႩᒅאટॶԶٰٰ΅ʘͦٙԨڢٜટאගટΣߕ਷౤яëਯe૝ᛆeᔷᜫeʹ˹ אݼ೯ԶٰᛆאԶٰٰ΅iʿ

• h ־ٝ઄ԶٰᛆאԶٰٰ΅ѩೌԨਗ਼ʔึ࣬ኽߕ਷ᗇՎجאίߕ਷΂Оψeήਜאჯήʘ΂ОᗇՎ္၍຅҅ൗ̅d ϾԶٰᛆאԶٰٰ΅ɗԱኽ஝Է S සίߕ਷˸̮ʱ೯ʿ౤яfΪϤd־׼ͣdԶٰᛆאԶٰٰ΅אʔ̙ίאΣߕ ਷౤яëਯe૝ᛆeሯץא˸Չ˼˙όᔷᜫdઓԱኽߕ਷ᗇՎجൗ̅஝֛ʘᒀеאίˡ඲፭ςߕ਷ᗇՎجൗ ̅஝֛ʘʹ׸ৰ̮f

މе͛ဲਪdʕ̯ഐၑʿʕ̯ഐၑ€˾ଣɛϞࠢʮ̡฿ʔաɪࠑᑊ׼ʿڭᗇה஝ࠢf

Shareholders and potential investors contemplating any dealings in the Shares or Rights Shares in nil-paid form are recommended to consult their professional advisers if in doubt.

If you have questions in relation to the Rights Issue, please call the designated hotline on (852) 2862 8646 during business hours from 9:00 a.m. to 6:00 p.m., Monday to Friday (other than public holidays).

CHEQUES AND BANKER'S CASHIER ORDERS

All cheques and cashier's orders will be presented for payment following receipt and all interest earned on such monies will be retained for the benefit of the Company. Any PAL in respect of which the cheque or cashier's order is dishonoured on first presentation is liable to be rejected, and in that event the provisional allotment and all rights thereunder will be deemed to have been declined and will be cancelled. Completion and return of PAL together with a cheque or cashier's order in payment for the Rights Shares accepted will constitute a warranty by the applicant(s) that the cheque or cashier's order will be honoured on first presentation.

CERTIFICATES FOR THE RIGHTS SHARES AND REFUND CHEQUE

If the Rights Issue does not proceed, the monies received in respect of the relevant provisional allotments will be refunded to the Qualifying Shareholders or such other person to whom the Rights Shares in their nil-paid form have been validly renounced or transferred or, in the case of joint acceptances, to the first-named person, without interest and by means of cheques despatched by ordinary post at the risk of such Qualifying Shareholders or such other persons to their registered addresses by the Registrar on or before Wednesday, 24 March 2021.

GENERAL

Lodgement of this PAL purporting to have been signed by the person(s) in whose favour it has been issued, shall be conclusive evidence of the title of the party or parties lodging it to deal with the same and to receive split provisional letters of allotment and/or certificates for the Rights Shares.

All documents, including cheques for the amounts due, will be sent by ordinary post to their registered address at the risk of the person(s) entitled thereto.

The terms and conditions relating to application for the Rights Shares as contained in the Prospectus shall apply. This PAL and any application for the Rights Shares pursuant to it shall be governed by, and construed in accordance with, the laws of Hong Kong.

Copies of the Prospectus giving details of the Rights Issue are available at the Company's principal place of business, at 8th Floor, Cyberport 2, 100 Cyberport Road, Hong Kong during normal business hour until Tuesday, 23 March 2021.

PERSONAL DATA COLLECTION - PAL

By completing, signing and submitting the forms accompanying this PAL, you agree to disclose to the Company, Hang Seng Bank Limited, the Registrar and/or their respective advisers and agents personal data and any information which they require about you or the person(s) for whose benefit you have made the acceptance of the provisional allotment of the Rights Shares. The Personal Data (Privacy) Ordinance (Chapter 486 of the Laws of Hong Kong) provides the holders of securities with rights to ascertain whether the Company, Hang Seng Bank Limited or the Registrar hold their personal data, to obtain a copy of that data, and to correct any data that is inaccurate. In accordance with the Personal Data (Privacy) Ordinance, the Company, Hang Seng Bank Limited and the Registrar have the right to charge a reasonable fee for the processing of any data access request. All requests for access to data or correction of data or for information regarding policies and practices and the kinds of data held should be addressed to the Company, at its principal place of business at 8th Floor, Cyberport 2, 100 Cyberport Road, Hong Kong or as notified from time to time in accordance with applicable law, for the attention of the Company Secretary, or (as the case may be) to the Registrar, Computershare Hong Kong Investor Services Limited at Shops 1712- 1716, 17th Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong, for the attention of Privacy Compliance Officer.

Yours faithfully

For and on behalf of the Board

Pacific Century Premium Developments Limited

Timothy Tsang

General Counsel and Company Secretary

*For identification only

ٰ؇ʿᆑίҳ༟٫׵Ͻᅇ൯ርٰ΅א͊ᖮಛԶٰٰ΅ࣛνϞဲਪdܔᙄፔ༔Չਖ਼ุᚥਪf

ტɨν࿁ԶٰϞ΂Оဲਪdሗ׵݋ಂɓЇ݋ಂʞ€ʮ଺৿ಂৰ̮ɪʹ 9͍ࣛЇɨʹ6͍ࣛᐄุࣛගʫߧཥܸ֛ᆠᇞ(852)

2862 8646f

˕ୃʿვБ͉ୃ

הϞ˕ୃʿვБ͉ୃਗ਼ึ׵ϗ৆ܝᎇуཀ˒dϾ༈ഃಛධהᒃ՟ٙлࢹ€νϞਗ਼Όᅰᅡᓥ͉ʮ̡הϞf͉ʮ̡̙ל ഒաଣ΂ОϞᗫ˕ୃאვБ͉ୃ׵࠯ϣཀ˒ࣛ͊ঐгତʘᅲ֛ৣ೯ՌdϾίϤઋرɨdϞᗫᅲ֛ৣᕘʿՉධɨהϞ ᛆлਗ਼஗ൖЪʊ஗׳૝Ͼʚ˸࿞ቖf෬ѼʿʹΫᅲ֛ৣ೯ՌஹΝ˕˹הᐏટॶٙԶٰٰ΅ٰಛٙ˕ୃאვБ͉ୃd ਗ਼࿴ϓ͡ሗɛఱ˕ୃאვБ͉ୃਗ਼׵࠯ϣཀ˒ࣛᐏгତʘڭᗇf

Զٰٰ΅ٰٙୃʿৗಛ˕ୃ

ࡊԶٰʔึආБdۆఱϞᗫᅲ֛ৣᕘהϗ՟ʘٰಛਗ਼׵ 2021ϋ3˜24˚€݋ಂɧאʘۃʔࠇлࢹ˸ක̈˕ୃ˙όৗᒔ ʚΥ༟ٰࣸ؇אʊᐏϞࣖ׳૝אᔷᜫ͊ᖮಛԶٰٰ΅ʘϞᗫՉ˼ɛɻdԨ˸̻ඉ˙ό੔ֻ־ഃ׵೮াஈʘ೮াήѧ€ν ᙮ᑌΤટॶdۆ੔ֻ࠯Зɛɻʘ೮াήѧdઓඉႬࠬᎈ฿͟־ഃІБוዄf

ɓছԫධ

ʹΫʊ͟Ꮠᐏ೯͉ᅲ֛ৣ೯Ռʘɛɻᖦ໇ٙᅲ֛ৣ೯ՌdуމʹΫɪࠑ˖΁ʘɛɻϞᛆஈଣᅲ֛ৣ೯ՌdԨϞᛆϗ ՟ᅲ֛ৣᕘʱװՌ΁ʿŊאԶٰٰ΅ٰٙୃʘ௰୞ኯᗇf הϞ˖΁€ܼ̍Ꮠ˹ಛධٙ˕ୃਗ਼˸̻ඉ˙ό੔ֻϗ΁ɛٙ೮াήѧdඉႬࠬᎈ฿͟־ഃІБוዄf

Զٰ௝೻ה༱Ϟᗫ͡ሗԶٰٰ΅ٙૢಛʿૢ΁ਗ਼ቇ͜f͉ᅲ֛ৣ೯Ռʿ΂ОኽϤЪ̈ٙԶٰٰ΅͡ሗѩա࠰ಥجԷ ၍ᒍdԨܲՉ༕ᙑf

༱ϞԶٰ༉ઋʘԶٰ௝೻̙׵2021ϋ3˜23˚€݋ಂɚۃɓছ፬ʮࣛගʫ׵͉ʮ̡ٙ˴ࠅᐄุήᓃ॰՟dήѧމ࠰ಥ ᅰᇁಥ༸100໮ᅰᇁಥୋɚࢭ8ᅽf

ࡈɛ༟ࣘϗණ - ᅲ֛ৣ೯Ռ

ࡊ෬Ѽeᖦ໇ʿʹΫ͉ᅲ֛ৣ೯Ռᎇڝٙڌࣸd ტɨΝจΣ͉ʮ̡e㛬͛ვБϞࠢʮ̡e೮াஈʿŊא־ഃ΢Іٙ ᚥਪʿ˾ଣמᚣࡈɛ༟ࣘʿ־ഃהცϾϞᗫ ტɨא ტɨމՉлूϾટॶԶٰٰ΅ᅲ֛ৣᕘʘɛɻٙ΂О༟ࣘfࡈ ɛ༟ࣘ€ӷᒯૢԷ'€࠰ಥجԷୋ 486 ௝ഗʚᗇՎܵϞɛᛆл̙ᆽ֛͉ʮ̡e㛬͛ვБϞࠢʮ̡א೮াஈ݊щܵϞՉ ࡈɛ༟ࣘe॰՟Ϟᗫ༟ࣘ˸ʿһ͍΂Оʔ๟ᆽٙ༟ࣘf࣬ኽࡈɛ༟ࣘ€ӷᒯૢԷ'd͉ʮ̡e㛬͛ვБϞࠢʮ̡ʿ೮ াஈϞᛆఱஈଣ΂Оݟቡ༟ࣘٙࠅӋϗ՟Υଣ൬͜fϞᗫݟቡ༟ࣘאһ͍༟ࣘאϞᗫ݁ഄʿ࿕Է˸ʿܵϞ༟ࣘ၇ᗳ ʘ༟ࣘٙהϞࠅӋdᏐ੔ֻ͉ʮ̡ٙ˴ࠅᐄุήᓃdήѧމ࠰ಥᅰᇁಥ༸100໮ᅰᇁಥୋɚࢭ8ᅽא࣬ኽቇ͜جܛʔࣛ ஷٝٙήᓃԨ˸ʮ̡।ࣣމϗ΁ɛdא€ൖઋرϾ֛೮াஈ࠰ಥʕ̯ᗇՎ೮াϞࠢʮ̡€ήѧމ࠰ಥᝄ˺ެΧɽ༸؇ 183໮Υձʕː17ᅽ1712-1716܃Ԩ˸ӷᒯԫਕ˴΂މϗ΁ɛf

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ΐЗΥ༟ٰࣸ؇ ̨๫

˾ڌ໨ԫึ ޮ߅ɽࠃήପ೯࢝Ϟࠢʮ̡* جܛԫਕᐼ္ࡒʮ̡।ࣣ ಀқ⽑ ᔫ઼

2021ϋ2˜26˚

* සԶ 識й