Macau E&M Holding Limited — Capital/Financing Update 2021

Nov 23, 2021

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

==> picture [271 x 48] intentionally omitted <==

(Incorporated in Hong Kong with limited liability) (Stock Code: 00604)

ANNOUNCEMENT PURSUANT TO RULE 13.18 OF THE LISTING RULES

This announcement is made pursuant to Rule 13.18 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Listing Rules”).

The board of directors (the “Board”) of Shenzhen Investment Limited (the “Company”) announces that on 23 November 2021, the Company as borrower entered into a facility agreement (the “Facility Agreement”) relating to a term loan facility of up to HK$900,000,000 (“Facility”) with a bank as lender. HK$600,000,000 of the Facility is for a term of 36 months and HK$300,000,000 of the Facility is for a term of 12 months, both commencing from the date of the Facility Agreement.

Under the Facility Agreement, it shall constitute an event of default if (i) Shum Yip Holdings Company Limited (“Shum Yip”) ceases to own beneficially at least 35% of the issued share capital of the Company, ceases to be the single largest shareholder of the Company or ceases to have control over the Board; or (ii) Shum Yip ceases to remain directly or indirectly beneficially owned as to at least 51% by the Shenzhen Municipal People’s Government of the People’s Republic of China.

At any time after the happening of the aforementioned events so long as the same is continuing, the lender may by notice to the Company declare that the obligation of the lender under the Facility Agreement to make the Facility or any part thereof available shall be terminated; and/or all outstanding advances and all interest and all other sums payable under the Facility Agreement have become immediately due and payable or have become due and payable on demand, whereupon the outstanding amount shall, immediately or in accordance with the terms of such notice, become so due and payable.

• 1 -

As at the date of this announcement, Shum Yip beneficially holds approximately 62.32% (and when aggregated with the interests held through its wholly-owned subsidiary, approximately 63.18%) of the issued share capital of the Company and the Shenzhen Municipal People’s Government of the People’s Republic of China holds 100% interest in Shum Yip indirectly.

The Company will, in compliance with Rule 13.21 of the Listing Rules, include appropriate disclosure in its interim and annual reports for so long as circumstances giving rise to the disclosure obligation under Rule 13.18 of the Listing Rules continue to exist.

By order of the Board SHENZHEN INVESTMENT LIMITED LU Hua Chairman

Hong Kong, 23 November 2021

As at the date of this announcement, the Board comprises 8 directors, of which Dr. LU Hua, Mr. HUANG Wei, Ms. CAI Xun, Mr. DONG Fang and Ms. SHI Xiaomei are the executive directors of the Company and Mr. WU Wai Chung, Michael, Mr. LI Wai Keung and Dr. WONG Yau Kar, David are the independent non-executive directors of the Company.

• 2 -