Revised Proxy Form for use at the Annual General Meeting to be held at Room 1001, 10/F, United Centre, 95 Queensway, Hong Kong on Wednesday, 2 June 2021, at 11:00 a.m.

SRE GROUP LIMITED

上 置 集 團 有 限 公 司 *

(Incorporated in Bermuda with limited liability)

(Stock Code: 1207)

Revised Proxy Form for use at the Annual General Meeting to be held at

Room 1001, 10/F, United Centre, 95 Queensway, Hong Kong on

Wednesday, 2 June 2021, at 11:00 a.m.

I/We (Note 1)

of

being the registered holder(s) of

shares(Note 2) of HK$0.10 each in the capital of SRE Group Limited

(the "Company"), HEREBY APPOINT THE CHAIRMAN OF THE MEETING or (Note 3)

of

as my/our proxy to attend and vote for me/us at the Annual General Meeting of the Company to be held at Room 1001, 10/F, United Centre, 95 Queensway, Hong Kong on Wednesday, 2 June 2021, at 11:00 a.m. and in particular (but without limitation) at such meeting (or at any adjournment thereof) as indicated below or, if no such indication is given, as my/our proxy may think fit:

ORDINARY RESOLUTIONS

FOR(Note 4)

AGAINST(Note 4)

1. To receive and consider the audited consolidated financial statements of the Company, the report of the directors and the independent auditor's report of the Company for the year ended 31 December 2020.

2. (i) To re-elect Mr. Hong Zhihua as an executive director of the Company.

(ii) To re-elect Mr. Kong Yong as an executive director of the Company.

(iii) To re-elect Ms. Cheng Liang as a non-executive director of the Company.

(iv) To re-elect Mr. Luo Guorong as a non-executive director of the Company.

1. To re-elect Mr. Chan, Charles Sheung Wai as an independent non-executive director of the Company.

(vi) To authorise the board of directors of the Company to fix the directors' remuneration.

(vii) To re-elect Mr. Xu Ming as an executive director of the Company.

3. To re-appoint PricewaterhouseCoopers, Certified Public Accountants as the auditor of the Company for the ensuing year and to authorise the board of directors of the Company to fix their remuneration.

4A. To grant a general mandate to the directors of the Company to repurchase shares.#

4B. To grant a general mandate to the directors of the Company to issue shares.#

4C. To extend the general mandate granted to the directors of the Company to issue shares by addition thereto the shares repurchased by the Company.#

• Full text of the resolution is set out in the notice of the Annual General Meeting

Dated this

day of

2021

Shareholder's signature(Note 5):

Notes:

1. Full name(s) and address(es) to be inserted in BLOCK CAPITALS.
2. Please insert the number of shares registered in your name(s). If no number is inserted, this revised proxy form will be deemed to relate to all the shares in the Company registered in your name(s).
3. If any proxy other than the Chairman is preferred, strike out ''THE CHAIRMAN OF THE MEETING or'' and insert the name and address of the proxy desired in the space provided. ANY ALTERATION MADE TO THIS FORM OF PROXY MUST BE INITIALLED BY THE PERSON WHO SIGNS IT.
4. IMPORTANT: IF YOU WISH TO VOTE FOR A RESOLUTION, PLEASE TICK THE BOX MARKED ''FOR'' BESIDE THE APPROPRIATE RESOLUTION. IF YOU WISH TO VOTE AGAINST A RESOLUTION, PLEASE TICK THE BOX MARKED ''AGAINST'' BESIDE THE APPROPRIATE RESOLUTION. Failure to tick either box will entitle your proxy to cast your vote at his discretion. Your proxy will also be entitled to vote at his discretion on any resolution properly put to the meeting other than those referred to in the notice convening the meeting.
5. This revised proxy form must be signed by you or your attorney duly authorised in writing or, in the case of a corporation, must be either under its common seal or under the hand of an officer, attorney or other person duly authorised.
6. Where there are joint holders of any share in the Company, any one of such joint holder may vote at the meeting, either in person or by proxy, in respect of such share as if he were solely entitled thereto, but if more than one of such joint holders be present at the meeting the vote of the senior who tenders a vote, whether in person or by proxy, shall be accepted to the exclusion of the votes of the other joint holders, and for this purpose seniority shall be determined by the order in which the names stand in the register of members of the Company in respect of the joint holding.
7. In order to be valid, this revised proxy form and the power of attorney or other authority (if any) under which it is signed or a notarially certified copy of that power or authority, must be deposited at the Company's branch share registrar in Hong Kong, 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 adjournment thereof (as the case may be).
8. Any member of the Company entitled to attend and vote at the meeting is entitled to appoint one or more proxies to attend and vote in his stead. The proxy need not be a member of the Company but must attend the meeting in person to represent you.
9. Completion and deposit of the revised proxy form will not preclude you from attending and voting at the meeting if you so wish.
10. Your attention is drawn to the paragraph headed ''Revised form of proxy'' of the supplemental circular of the Company dated 12 May 2021.

PERSONAL INFORMATION COLLECTION STATEMENT

Your supply of your and your proxy's (or proxies') name(s) and address(es) is on a voluntary basis for the purpose of processing your request for the appointment of a proxy (or proxies) and your voting instructions for the meeting of the Company (the ''Purposes''). We may transfer your and your proxy's (or proxies') name(s) and address(es) to our agent, contractor, or third party service provider who provides administrative, computer and other services to us for use in connection with the Purposes and to such parties who are authorized by law to request the information or are otherwise relevant for the Purposes and need to receive the information. Your and your proxy's (or proxies') name(s) and address(es) will be retained for such period as may be necessary to fulfil the Purposes. Request for access to and/or correction of the relevant personal data can be made in accordance with the provisions of the Personal Data (Privacy) Ordinance and any such request should be in writing by mail to the Company/Tricor Tengis Limited at the above address.

• For identification purpose only