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 that Madam Jennie WONG Kwai Fong retired as an Executive Director of the Companies at the conclusion of the annual general meeting of the Companies held on 22nd May, 2020. Due to retirement, Madam Jennie WONG Kwai Fong did not offer herself for re-election as an executive director upon rotational retirement at the annual general meetings of the Companies held on 22nd May, 2020.