The board of directors of Magnificent Hotel Investments Limited ("MHI"), Shun Ho Property Investments Limited ("SHP") and Shun Ho Holdings Limited ("SHH") (collectively the "Companies") announced the appointments (the "Appointments") with effect from 25th May, 2020: Madam Wendy CHENG Wai Kwan ("Madam Cheng") has been appointed as an Executive Director of the Companies; and Madam NG Yuet Ying ("Madam Ng") has been appointed as an Executive Director of SHP and SHH.