Shun Ho Property Investments : PROPOSALS FOR GENERAL MANDATES TO BUY BACK SHARES AND RE-ELECTION OF RETIRING DIRECTORS AND NOTICE OF ANNUAL GENERAL MEETING

THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

If you are in any doubt as to any aspect of this circular or as to the action to be taken, you should consult your licensed securities dealer or registered institution in securities, bank manager, solicitor, professional accountant or other professional adviser.

If you have sold or transferred all your shares in Shun Ho Property Investments Limited, you should at once hand this circular and the accompanying form of proxy to the purchaser or transferee or to the bank, licensed securities dealer or registered institution in securities or other agent through whom the sale was effected for transmission to the purchaser or the transferee.

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this circular, make no representation 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 circular.

SHUN HO PROPERTY INVESTMENTS LIMITED

順 豪 物 業 投 資 有 限 公 司

(Incorporated in Hong Kong with limited liability)

(Stock Code: 219)

PROPOSALS FOR GENERAL MANDATES TO

BUY BACK SHARES AND

RE-ELECTION OF RETIRING DIRECTORS

AND

NOTICE OF ANNUAL GENERAL MEETING

The notice convening the annual general meeting of Shun Ho Property Investments Limited to be held at Conference Room, Basement, Best Western Plus Hotel Kowloon, 73-75 Chatham Road South, Tsim Sha Tsui, Kowloon, Hong Kong on Friday, 21 May 2021 at 10:45 a.m. is set out on pages 16 to 18 of this circular. A proxy form for use at the annual general meeting is enclosed with this circular. Shareholders are advised to read the notice and to complete and return the accompanying form of proxy for use at the annual general meeting in accordance with the instructions printed thereon to the Company's Share Registrar, Tricor Tengis Limited, at Level 54, Hopewell Centre, 183 Queen's Road East, Hong Kong in any event not less than 48 hours before the time appointed for holding the annual general meeting or any adjournment thereof. Completion and return of the form of proxy will not preclude a shareholder from attending and voting in person at the meeting or any adjournment thereof should he so wish and in such event the relevant proxy form shall be deemed to be revoked.

PRECAUTIONARY MEASURES FOR THE ANNUAL GENERAL MEETING

Please see page 1 of this circular for measures being taken to try to prevent and control the spread of COVID-19 at the AGM, including:

• Compulsory body temperature checks and health declarations
• Compulsory wearing of a surgical face mask for each attendee
• No distribution of corporate gifts or refreshment

Any person who does not comply with the precautionary measures or is subject to any Hong Kong Government prescribed quarantine may be denied entry into the meeting venue. The Company reminds Shareholders that they may appoint the chairman of the meeting as their proxy to vote on the relevant resolution(s) at the meeting as an alternative to attending the meeting in person.

20 April 2021

	CONTENTS
		Pages
Precautionary Measures for the Annual General Meeting . . . . . . . . . . . . . . . . . . . . .	1
Definitions	. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	2
Letter from the Board
1.	Introduction. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	4
2.	General Mandate to Buy Back Shares . . . . . . . . . . . . . . . . . . . . . . . . . . . .	5
3.	Re-election of Retiring Directors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	5
4.	Annual General Meeting . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	5
5.	Voting by way of poll . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	6
6.	Recommendation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	6
Appendix I	- Explanatory Statement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	7
Appendix II	- Biographical Details of Directors Subject to Re-election . . . . . .	11
Notice of Annual General Meeting . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	16

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PRECAUTIONARY MEASURES FOR THE ANNUAL GENERAL MEETING

In view of the ongoing COVID-19 epidemic and recent requirements for prevention and control of its spread, the Company will implement the following precautionary measures at the Annual General Meeting to protect attending Shareholders, staff and other stakeholders from the risk of infection:

1. Compulsory body temperature checks will be conducted on every Shareholder, proxy and other attendee at the entrance of the Annual General Meeting venue. Any person with a body temperature of over 37.4 degrees Celsius may be denied entry to the Annual General Meeting venue or be required to leave the Annual General Meeting venue.
2. All Shareholders, proxies and other attendees are required to complete and submit at the entrance of the Annual General Meeting venue a declaration form confirming their names and contact details, and confirming that they have not travelled to, or to their best of knowledge had physical contact with any person who has recently travelled to, any affected countries or areas outside of Hong Kong (as per guidelines issued by the Hong Kong Government) at any time in the preceding 21 days. Any person who does not comply with this requirement may be denied entry to the Annual General Meeting venue or be required to leave the Annual General Meeting venue.
3. Attendees are required to wear surgical face masks inside the Annual General Meeting venue at all times, and to maintain a safe distance between seats. Please note that no masks will be provided at the Annual General Meeting venue and attendees should bring and wear their own masks.
4. No distribution of corporate gifts or refreshments will be served at the Annual General Meeting.
5. Other measures may be required by the governmental authorities.

To the extent permitted under law, the Company reserves the right to deny entry to the Annual General Meeting venue or require any person to leave the Annual General Meeting venue in order to ensure the safety of the attendees at the Annual General Meeting.

In the interest of all stakeholders' health and safety and consistent with recent COVID-19 guidelines for prevention and control, the Company reminds all Shareholders that physical attendance in person at the Annual General Meeting is not necessary for the purpose of exercising voting rights. As an alternative, by using proxy forms with voting instructions inserted, Shareholders may appoint the Chairman of the Annual General Meeting as their proxy to vote on the relevant resolutions at the Annual General Meeting instead of attending the Annual General Meeting in person.

If Shareholders have any questions relating to the Annual General Meeting, please contact Tricor Tengis Limited, the Company's Share Registrar, as follows:

Tricor Tengis Limited Level 54, Hopewell Centre,

183 Queen's Road East, Hong Kong Email: [e-mail]: [phone]

Fax: [phone]

- 1 -

DEFINITIONS

In this circular, the following expressions have the following meanings unless the context requires otherwise:

"Annual General Meeting"	the annual general meeting of the Company to be held on
	Friday, 21 May 2021 at 10:45 a.m. or any adjournment
	thereof, the notice of which is set out on pages 16 to 18 of
	this circular
"Articles of Association"	the articles of association of the Company as amended,
	supplemented or modified from time to time
"Board"	the board of the Directors
"close associate(s)"	has the meaning ascribed to it under the Listing Rules
"Companies Ordinance"	the Companies Ordinance (Chapter 622 of the Laws of
	Hong Kong)
"Company"	Shun Ho Property Investments Limited, a company
	incorporated in Hong Kong with limited liability, the
	Shares of which are listed on the main board of the Stock
	Exchange
"core connected person(s)"	has the meaning ascribed to it under the Listing Rules
"Director(s)"	director(s) of the Company
"Group"	the Company and its subsidiaries
"HK$"	Hong Kong dollar, the lawful currency of Hong Kong
"Latest Practicable Date"	14 April 2021, being the latest practicable date prior to the
	printing of this circular for ascertaining certain
	information contained in this circular
"Listing Rules"	the Rules Governing the Listing of Securities on the Stock
	Exchange
"SFO"	the Securities and Futures Ordinance (Chapter 571 of the
	Laws of Hong Kong)
"Shareholder(s)"	holder(s) of the Shares
"Shares"	share(s) of the Company
"Stock Exchange"	The Stock Exchange of Hong Kong Limited

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DEFINITIONS

"Takeovers Code"	The Hong Kong Code on Takeovers and Mergers
"%"	per cent

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LETTER FROM THE BOARD

SHUN HO PROPERTY INVESTMENTS LIMITED

順 豪 物 業 投 資 有 限 公 司

(Incorporated in Hong Kong with limited liability)

(Stock Code: 219)

Executive Directors:	Registered Office:
Mr. William CHENG Kai Man (Chairman)	3rd Floor,
Mr. Albert HUI Wing Ho	Shun Ho Tower,
Madam Kimmy LAU Kam May	24-30 Ice House Street,
Madam NG Yuet Ying	Central,
Madam Wendy CHENG Wai Kwan	Hong Kong
Non-executive Director:
Madam Mabel LUI FUNG Mei Yee
Independent Non-executive Directors:
Mr. Vincent KWOK Chi Sun
Mr. CHAN Kim Fai
Mr. LAM Kwai Cheung
	20 April 2021
To the Shareholders
Dear Sir or Madam,

PROPOSALS FOR GENERAL MANDATES TO

BUY BACK SHARES AND

RE-ELECTION OF RETIRING DIRECTORS

AND

NOTICE OF ANNUAL GENERAL MEETING

1. INTRODUCTION

The purpose of this circular is to provide you with information regarding (1) the proposed general mandates to buy back Shares; (2) re-election of retiring Directors; and (3) the notice of the Annual General Meeting.

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LETTER FROM THE BOARD

2. GENERAL MANDATE TO BUY BACK SHARES

An ordinary resolution will be proposed at the Annual General Meeting to give a general and unconditional mandate to the Directors to exercise the powers of the Company to buy back during the Relevant Period (as defined in ordinary resolution no. 4 set out in the notice of Annual General Meeting) Shares up to a maximum of 10% of the issued Shares as at the date of passing of ordinary resolution no. 4.

An explanatory statement, as required under the Listing Rules to provide the requisite information regarding the buy-back mandate is set out in Appendix I hereto.

3. RE-ELECTION OF RETIRING DIRECTORS

According to Article 116 of the Articles of Association, three Directors, Mr. Albert HUI Wing Ho, Madam Mabel LUI FUNG Mei Yee and Mr. LAM Kwai Cheung, will retire from office by rotation at the Annual General Meeting, and each of them, being eligible, has offered himself/herself for re-election.

According to Article 99 of the Articles of Association, two Directors, Madam NG Yuet Ying and Madam Wendy CHENG Wai Kwan, will hold office until the Annual General Meeting, and each of them, being eligible, has offered herself for re-election.

The Nomination Committee of the Company had assessed and reviewed the annual written confirmation of independence of each Independent Non-executive Director for the year ended 31 December 2020 based on the independence criteria as set out in rule 3.13 of the Listing Rules, including Mr. LAM Kwai Cheung and recommended the re-election of Mr. LAM Kwai Cheung as Independent Non-executive Director. The Board is not aware of any circumstance that might influence Mr. LAM in exercising independent judgment, and is satisfied that he has the required character, integrity, independence and experience to fulfill the role of an Independent Non-executive Director and he will be able to maintain an independent view of the Group's affairs. Besides, the Board is of the view that Mr. LAM is beneficial to the Board with diversity of his professional experience that contributes to invaluable expertise, continuity and stability to the Board and the Company has benefited greatly from his contribution and valuable insights derived from his in-depth knowledge of the Company. The Board believes that he will continue to contribute effectively to the Board.

Details of the Directors proposed to be re-elected at the Annual General Meeting are set out in Appendix II hereto.

4. ANNUAL GENERAL MEETING

The notice convening the Annual General Meeting is set out on pages 16 to 18 of this circular. A form of proxy for use at the Annual General Meeting is enclosed with this circular. Shareholders are advised to read the notice and to complete and return the accompanying form of proxy for use at the Annual General Meeting in accordance with the instructions printed thereon to the Company's Share Registrar, Tricor Tengis Limited, at Level 54, Hopewell Centre, 183 Queen's Road East, Hong Kong in any event not less than 48 hours before the time appointed for holding the

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LETTER FROM THE BOARD

Annual General Meeting or any adjournment thereof. Completion and return of the form of proxy will not preclude a Shareholder from attending and voting in person at the Annual General Meeting or any adjournment thereof should he so wish and in such event the relevant proxy form shall be deemed to be revoked.

5. VOTING BY WAY OF POLL

Pursuant to Rule 13.39(4) of the Listing Rules, all votes at the Annual General Meeting will be taken by poll except where the chairman, in good faith, decides to allow a resolution which relates purely to a procedural or administrative matter to be voted on by a show of hands. The Company will announce the results of the poll in the manner prescribed under Rule 13.39(5) of the Listing Rules.

6. RECOMMENDATION

The Directors believe that the resolutions in relation to the buy-back mandate and re-election of retiring Directors as set out in the notice of Annual General Meeting are in the best interest of the Company and its Shareholders as a whole, and recommend the Shareholders to vote in favour of all of them at the Annual General Meeting.

By Order of the Board

Shun Ho Property Investments Limited

William CHENG Kai Man

Chairman

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APPENDIX I	EXPLANATORY STATEMENT

This Appendix serves as an explanatory statement, as required by Rule 10.06(b) of the Listing Rules, to provide requisite information to Shareholders for their consideration of the proposal to permit the buy-back of Shares up to a maximum of 10% of the issued Shares as at the date of the passing of ordinary resolution no. 4.

This appendix also constitutes the memorandum as required under Section 239(2) of the Companies Ordinance.

1. LISTING RULES

The Listing Rules permit companies with a primary listing on the Stock Exchange to buy back their fully-paid shares on the Stock Exchange subject to certain restrictions, the most important of which are summarised below:

1. Source of funds

Buy-backs must be made out of funds which are legally available for such purpose in accordance with the company's constitutional documents and the laws of the jurisdiction in which the company is incorporated or otherwise established.

1. Maximum number of shares to be bought back

The shares proposed to be bought back by a company must be fully paid up. A maximum of 10% of the issued shares of a company as at the date of the passing of the relevant resolution approving the buy-back mandate may be bought back on the Stock Exchange.

1. Shareholders' approval

The Listing Rules provide that all proposed on-marketbuy-backs of shares by a company with its primary listing on the Stock Exchange must be approved in advance by an ordinary resolution, either by way of a specific approval in relation to specific transactions or by a general mandate to the directors of the company to make such buy-backs.

2. ISSUED SHARES

As at the Latest Practicable Date, there were 579,753,289 Shares in issue.

Subject to the passing of ordinary resolution no. 4 set out in the notice of Annual General Meeting and on the basis that no further Shares are issued or bought back prior to the Annual General Meeting, the Company would be allowed under the buy-back mandate to buy back Shares up to the limit of 57,975,328 Shares representing 10% of the issued Shares as at the Latest Practicable Date which are fully paid-up.

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APPENDIX I	EXPLANATORY STATEMENT

3. REASONS FOR BUY-BACK

The Directors believe that the buy-back mandate affords the Company the flexibility and ability in pursuing the best interests for the Company and its Shareholders. Such buy-backs may, depending on market conditions and funding arrangements at the time, be beneficial to the Shareholders by enhancing the net asset and/or earnings per Share and will only be made when the Directors believe that such a buy-back will benefit the Company and its Shareholders.

4. FUNDING OF BUY-BACK

In buy-back of Shares, the Company may only apply funds legally available for such purpose in accordance with its Articles of Association and the laws of Hong Kong (including the Companies Ordinance and the Listing Rules). The Companies Ordinance provides that payment in respect of a Share buy-back may be made out of the distributable profits of the Company and/or the proceeds of a fresh issue of Shares made for the purpose of the buy-back. The Directors propose that such buy-backs of Shares would be appropriately financed by the Company's internal resources and/or available banking facilities.

5. IMPACT OF BUY-BACK

There might be material adverse impact on the working capital or gearing levels of the Company (as compared with the position disclosed in the audited accounts contained in the 2020 annual report) in the event the buy-back mandate was to be exercised in full at any time during the proposed buy-back period. However, the Directors do not propose to exercise the buy-back mandate to such extent as would, in the circumstances, have a material adverse effect on the working capital requirements or the gearing levels of the Company which in the opinion of the Directors are from time to time appropriate for the Company.

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APPENDIX I	EXPLANATORY STATEMENT

6. SHARE PRICES

The highest and lowest prices at which the Shares have traded on the Stock Exchange during each of the previous twelve months before the Latest Practicable Date were as follows:

			Shares
		Highest	Lowest
		HK$	HK$
	April 2020	1.82	1.51
	May 2020	1.87	1.64
	June 2020	1.82	1.63
	July 2020	1.75	1.64
	August 2020	1.82	1.42
	September 2020	1.60	1.30
	October 2020	1.40	1.35
	November 2020	1.54	1.33
	December 2020	1.52	1.45
	January 2021	1.52	1.30
	February 2021	1.44	1.35
	March 2021	1.38	1.21
	April 2021 (up to the Latest Practicable Date)	-	-
7.	UNDERTAKING OF THE DIRECTORS

The Directors have undertaken to the Stock Exchange that, so far as the same may be applicable, they will exercise the powers of the Company to make buy-backs pursuant to ordinary resolution no. 4 set out in the notice of Annual General Meeting and in accordance with the Listing Rules, the laws of Hong Kong and the regulations set out in the Articles of Association.

None of the Directors nor, to the best of their knowledge and belief having made all reasonable enquiries, any of their close associates, has any present intention to sell any Shares to the Company under the buy-back mandate if the same is approved by the Shareholders.

No core connected persons have notified the Company that they have a present intention to sell Shares to the Company, or have undertaken not to do so, in the event that the buy-back mandate is approved by the Shareholders.

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APPENDIX I	EXPLANATORY STATEMENT

8. TAKEOVERS CODE

If a Shareholder 's proportionate interest in the voting rights of the Company increases as a result of the Directors exercising the powers to buy back Shares pursuant to the buy-back mandate, such increase will be treated as an acquisition of voting rights for the purposes of Rule 32 of the Takeovers Code. As a result, a Shareholder or group of Shareholders acting in concert, could obtain or consolidate control of the Company and become obliged to make a mandatory offer in accordance with Rules 26 and 32 of the Takeovers Code.

As at the Latest Practicable Date, Mr. William CHENG Kai Man was deemed to have interest in 375,423,999 Shares (representing approximately 64.76% of the total issued Shares as at the Latest Practicable Date). In the event that the Directors exercise in full the power to buy back Shares under the buy-back mandate, then (if the present shareholding remains the same) the attributable interests of Mr. William CHENG Kai Man would be increased to approximately 71.95% of the issued Shares and such increase would not give rise to an obligation to make a mandatory offer under Rule 26 of the Takeovers Code.

The Directors have no present intention to exercise the power to buy back Shares pursuant to the buy-back mandate to such an extent as to result in the amount of Shares held by the public being reduced to less than 25%.

9. SHARE BUY-BACK MADE BY THE COMPANY

The Company has not bought back any Shares (whether on the Stock Exchange or otherwise) in the 6 months preceding the date of this circular.

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APPENDIX II	BIOGRAPHICAL DETAILS OF DIRECTORS
	SUBJECT TO RE-ELECTION

Mr. Albert HUI Wing Ho

Mr. Albert HUI Wing Ho, Executive Director, aged 58, was appointed to the Board in 1989. He is also an executive director of Shun Ho Holdings Limited (the holding company of the Company) and Magnificent Hotel Investments Limited (a subsidiary of the Company), both of which are companies whose shares are listed on the Stock Exchange. He also holds directorships in various subsidiaries of the Company. He has over 30 years of experience in construction, property investment and development and has over 20 years of experience in hotel management. He graduated in the U.K. and holds a bachelor's degree in civil engineering. He is a director of Mercury Fast Limited, a substantial shareholder of the Company.

Save as disclosed above, Mr. Hui did not hold any directorship in other listed public companies in the last three years or any position with the Company or other members of the Group; and he does not have any other relationships with any Directors, senior management or substantial or controlling shareholders of the Company.

There is no service contract between Mr. Hui and the Company. He has no fixed term of service with the Company and will be subject to the rotational retirement and re-election requirement at annual general meetings pursuant to the Articles of Association. The Director's fee payable to Mr. Hui as an executive Director is determined by the Shareholders at the annual general meetings. At the annual general meeting of the Company held on 22 May 2020, it was approved that the Director's fee for the year ended 31 December 2020 be determined by the Board. Mr. Hui did not receive Directors' fee. Other emoluments paid to Mr. Hui for the year ended 31 December 2020 was determined at HK$1,665,000 with reference to his duties and responsibility with the Company, the Company's performance, current market situation and the recommendation made by the remuneration committee of the Company.

As at the Latest Practicable Date, Mr. Hui did not hold any interest in the Shares within the meaning of Part XV of the SFO.

Save as disclosed above, Mr. Hui has confirmed that there are no other matters relating to his re-election that need to be brought to the attention of the Shareholders and there is no other information which is required to be disclosed pursuant to any of the requirements of rule 13.51(2) of the Listing Rules.

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APPENDIX II	BIOGRAPHICAL DETAILS OF DIRECTORS
	SUBJECT TO RE-ELECTION

Madam Mabel LUI FUNG Mei Yee

Madam Mabel LUI FUNG Mei Yee, Non-executive Director, aged 69, Solicitor and Notary Public, was appointed to the Board in 1999. She is also a non-executive director of Shun Ho Holdings Limited (the holding company of the Company) and Magnificent Hotel Investments Limited (a subsidiary of the Company), both of which are companies whose shares are listed on the Stock Exchange. She is also an independent non-executive director of China International Marine Containers (Group) Co., Ltd., a company whose shares are listed on the Stock Exchange. She also holds directorship in a subsidiary of the Company. She is a senior executive consultant and head of Greater China Commercial Practice of Withers.

Save as disclosed above, Madam Lui Fung did not hold any directorship in other listed public companies in the last three years or any position with the Company or other members of the Group; and she does not have any other relationships with any Directors, senior management or substantial or controlling shareholders of the Company.

There is no service contract between Madam Lui Fung and the Company. She has no fixed term of service with the Company and will be subject to the rotational retirement and re-election requirement at annual general meetings pursuant to the Articles of Association. The Director's fee payable to Madam Lui Fung as a non-executive Director is determined by the Shareholders at the annual general meetings. At the annual general meeting of the Company held on 22 May 2020, it was approved that the Directors' fee for the year ended 31 December 2020 be determined by the Board. The Director's fee paid to Madam Lui Fung for the year ended 31 December 2020 was determined at approximately HK$17,000 with reference to her duties and responsibility with the Company, the Company's performance, current market situation and the recommendation made by the remuneration committee of the Company.

As at the Latest Practicable Date, Madam Lui Fung did not hold any interest in the Shares within the meaning of Part XV of the SFO.

Save as disclosed above, Madam Lui Fung has confirmed that there are no other matters relating to her re-election that need to be brought to the attention of the Shareholders and there is no other information which is required to be disclosed pursuant to any of the requirements of rule 13.51(2) of the Listing Rules.

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APPENDIX II	BIOGRAPHICAL DETAILS OF DIRECTORS
	SUBJECT TO RE-ELECTION

Mr. LAM Kwai Cheung

Mr. LAM Kwai Cheung, Independent Non-Executive Director, aged 60, FCCA, CPA (Practising), was appointed to the Board in 2017. He also serves as a member of the Audit Committee and the Nomination Committee of the Company. He is also an independent non-executive director of Shun Ho Holdings Limited (the holding company of the Company) and Magnificent Hotel Investments Limited (a subsidiary of the Company), both of which are companies whose shares are listed on the Stock Exchange. He has extensive experience in accounting, auditing and financial management. He is the practitioner of Terry Lam & Co., CPA.

Save as disclosed above, Mr. Lam did not hold any directorship in other listed public companies in the last three years or any position with the Company or other members of the Group; and he does not have any other relationships with any Directors, senior management or substantial or controlling shareholders of the Company.

Mr. Lam has entered into a letter of appointment with the Company for a term of one year and will be subject to the rotational retirement and re-election requirement at annual general meetings pursuant to the Articles of Association. The Director's fee payable to Mr. Lam as an Independent Non-Executive Director is determined by the Shareholders at the annual general meetings. At the annual general meeting of the Company held on 22 May 2020, it was approved that the Director's fee for the year ended 31 December 2020 be determined by the Board. The Director's fee paid to Mr. Lam for the year ended 31 December 2020 was determined at approximately HK$52,000 with reference to his duties and responsibility with the Company, the Company's performance, current market situation and the recommendation made by the remuneration committee of the Company.

As at the Latest Practicable Date, Mr. Lam did not hold any interest in the Shares within the meaning of Part XV of the SFO.

Save as disclosed above, Mr. Lam has confirmed that there are no other matters relating to his re-election that need to be brought to the attention of the Shareholders and there is no other information which is required to be disclosed pursuant to any of the requirements of rule 13.51(2) of the Listing Rules.

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APPENDIX II	BIOGRAPHICAL DETAILS OF DIRECTORS
	SUBJECT TO RE-ELECTION

Madam NG Yuet Ying

Madam NG Yuet Ying, Executive Director, aged 38, was appointed to the Board on 25 May

2020. She was also appointed as an executive director of Shun Ho Holdings Limited (the holding company of the Company) and Magnificent Hotel Investments Limited (a subsidiary of the Company) on 25 May 2020 and 29 August 2017 respectively, both of which are companies whose shares are listed on the Stock Exchange. She is the head of operation and accounting of all local hotels of the Group with over 10 years of experience in accounting and financial management as well as hotel operation and management. She graduated from the University of South Australia with Bachelor of Accountancy.

Save as disclosed above, Madam Ng did not hold any directorship in other listed public companies in the last three years or any position with the Company or other members of the Group; and she does not have any other relationships with any Directors, senior management or substantial or controlling shareholders of the Company.

There is no service contract between Madam Ng and the Company. She has no fixed term of service with the Company and will be subject to the rotational retirement and re-election requirement at annual general meetings of the Company pursuant to Articles of Association. The Director's fee payable to Madam Ng as an executive Director is determined by the Shareholders at the annual general meetings. At the annual general meeting of the Company held on 22 May 2020, it was approved that the Directors' fee for the year ended 31 December 2020 be determined by the Board. For the year ended 31 December 2020, Madam Ng did not receive Director's fee or any other emoluments which were determined with reference to her duties and responsibility with the Company, the Company's performance, current market situation and the recommendation made by the remuneration committee of the Company.

As at the Latest Practicable Date, Madam Ng did not hold any interest in the Shares within the meaning of Part XV of the SFO.

Save as disclosed above, Madam Ng has confirmed that there are no other matters relating to her re-election that need to be brought to the attention of the Shareholders and there is no other information which is required to be disclosed pursuant to any of the requirements of rule 13.51(2) of the Listing Rules.

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APPENDIX II	BIOGRAPHICAL DETAILS OF DIRECTORS
	SUBJECT TO RE-ELECTION

Madam Wendy CHENG Wai Kwan

Madam Wendy CHENG Wai Kwan, Executive Director, aged 56, was appointed to the Board on 25 May 2020. She was also appointed as an executive director of Shun Ho Holdings Limited (the holding company of the Company) and Magnificent Hotel Investments Limited (a subsidiary of the Company) on 25 May 2020, both of which are companies whose shares are listed on the Stock Exchange. She also holds directorship in a subsidiary of the Company. She has extensive experience in provision of legal advices and family business management. Her academic knowledge and practical experience with legal matters could make valuable contribution for the management and the Board. She graduated in the U.K. and holds a bachelor's degree in social science and a bachelor's degree in Laws from the University of London. She is a sister of Mr. William CHENG Kai Man, the Chairman, Executive Director and Chief Executive Officer of the Company.

Save as disclosed above, Madam Cheng did not hold any directorship in other listed public companies in the last three years or any position with the Company or other members of the Group; and she does not have any other relationships with any Directors, senior management or substantial or controlling shareholders of the Company.

There is no service contract between Madam Cheng and the Company. She has no fixed term of service with the Company and will be subject to the rotational retirement and re-election requirement at annual general meetings pursuant to the Articles of Association. The Director's fee payable to Madam Cheng as an executive Director is determined by the Shareholders at the annual general meetings. At the annual general meeting of the Company held on 22 May 2020, it was approved that the Directors' fee for the year ended 31 December 2020 be determined by the Board. The Director's fee paid to Madam Cheng for the year ended 31 December 2020 was determined at approximately HK$126,000 with reference to her duties and responsibility with the Company, the Company's performance, current market situation and the recommendation made by the remuneration committee of the Company.

As at the Latest Practicable Date, Madam Cheng did not hold any interest in the Shares within the meaning of Part XV of the SFO.

Save as disclosed above, Madam Cheng has confirmed that there are no other matters relating to her re-election that need to be brought to the attention of the Shareholders and there is no other information which is required to be disclosed pursuant to any of the requirements of rule 13.51(2) of the Listing Rules.

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NOTICE OF ANNUAL GENERAL MEETING

SHUN HO PROPERTY INVESTMENTS LIMITED

順 豪 物 業 投 資 有 限 公 司

(Incorporated in Hong Kong with limited liability)

(Stock Code: 219)

NOTICE OF ANNUAL GENERAL MEETING

PRECAUTIONARY MEASURES FOR THE ANNUAL GENERAL MEETING

Please refer to the circular to shareholders of the Company dated 20 April 2021 for measures being taken to try to prevent and control the spread of COVID-19 at the AGM, including:

• Compulsory body temperature checks and health declarations
• Compulsory wearing of a surgical face mask for each attendee
• No distribution of corporate gifts or refreshment

Any person who does not comply with the precautionary measures or is subject to any Hong Kong Government prescribed quarantine may be denied entry into the meeting venue. The Company reminds shareholders that they may appoint the chairman of the meeting as their proxy to vote on the relevant resolution(s) at the meeting as an alternative to attending the meeting in person.

NOTICE IS HEREBY GIVEN that the Annual General Meeting of Shun Ho Property Investments Limited (the "Company") will be held at Conference Room, Basement, Best Western Plus Hotel Kowloon, 73-75 Chatham Road South, Tsim Sha Tsui, Kowloon, Hong Kong on Friday,

21 May 2021 at 10:45 a.m. for the following purposes:

1. To receive and consider the audited Financial Statements for the year ended 31 December 2020 together with the Report of the Directors and the Independent Auditor 's Report thereon.
2. (a) Each as a separate resolution, to re-elect the following directors of the Company (the "Director(s)"):
3. 1. To re-elect Mr. Albert HUI Wing Ho as an executive Director;
   2. To re-elect Madam NG Yuet Ying as an executive Director;
   3. To re-elect Madam Wendy CHENG Wai Kwan as an executive Director;

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NOTICE OF ANNUAL GENERAL MEETING

1. 1. 1. To re-elect Madam Mabel LUI FUNG Mei Yee as a non-executive Director; and
      2. To re-elect Mr. LAM Kwai Cheung as an independent non-executive Director; and
   2. To authorise the board of Directors (the "Board") to fix the remuneration of the Directors.
2. To re-appoint Messrs. Deloitte Touche Tohmatsu as the auditor of the Company and to authorise the Board to fix their remuneration.
3. As special business, to consider and, if thought fit, pass with or without modifications, the following resolutions as an ordinary resolution of the Company:

ORDINARY RESOLUTION

"THAT:

1. a general mandate be and is hereby generally and unconditionally given to the Directors to exercise during the Relevant Period (as hereinafter defined) all the powers of the Company to buy back shares of the Company on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") or on any other stock exchange on which the shares of the Company may be listed and which is recognised by the Securities and Futures Commission of Hong Kong and the Stock Exchange for this purpose, subject to and in accordance with all applicable laws and the requirements of the Rules Governing the Listing of Securities on the Stock Exchange or of any other stock exchange as amended from time to time provided however that the total number of the shares to be bought back pursuant to this resolution shall not exceed 10% of the total number of the shares of the Company in issue as at the date of the passing of this resolution;
2. the approval in paragraph (a) shall be in addition to any other authorisation given to the Directors and shall authorise the Directors on behalf of the Company during the Relevant Period to procure the Company to buy back its shares at a price determined by the Directors; and
3. for the purposes of this resolution:
   "Relevant Period" means the period from the passing of this resolution until whichever is the earlier of:
4. 1. the conclusion of the next annual general meeting of the Company;

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NOTICE OF ANNUAL GENERAL MEETING

1. the expiration of the period within which the next annual general meeting of the Company is required by law to be held; or
2. the date on which the authority set out in this resolution is revoked or varied by an ordinary resolution of the shareholders in general meeting."

By Order of the Board

Shun Ho Property Investments Limited

William CHENG Kai Man

Chairman

Hong Kong, 20 April 2021

Notes:

1. Any member of the Company entitled to attend and vote at the meeting is entitled to appoint one or more proxies to attend, speak and, on a poll, vote instead of him. A proxy need not be a member of the Company.
2. To be valid, a form of proxy and the power of attorney or other authority, if any, under which it is signed or a notarially certified copy of such power or authority must be deposited at the Company's Share Registrars, Tricor Tengis Limited, at Level 54, Hopewell Centre, 183 Queen's Road East, Hong Kong not less than 48 hours before the time appointed for holding the meeting or any adjourned meeting.
3. To ascertain shareholders' eligibility to attend and vote at the meeting, the register of members of the Company will be closed from Friday, 14 May 2021 to Friday, 21 May 2021, both dates inclusive, during which period no transfer of shares will be registered. In order to be eligible to attend and vote at the meeting, all transfer documents accompanied by the relevant share certificates must be lodged with the Company's Share Registrars, Tricor Tengis Limited, at Level 54, Hopewell Centre, 183 Queen's Road East, Hong Kong for registration not later than 4:30 p.m. on Thursday, 13 May 2021.
4. Delivery of the proxy form shall not preclude a shareholder from attending and voting in person at the meeting and, in such event, the relevant proxy form shall be deemed to be revoked.

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