Macau E&M Holding Limited — Share Issue/Capital Change 2021

Sep 28, 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.

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

GRANT OF SHARE OPTIONS

This announcement is made pursuant to Rule 17.06A of the Rules Governing the Listing of Securities (the “Listing Rules”) on The Stock Exchange of Hong Kong Limited (the “Stock Exchange”).

The board of directors (the “Board”) of Shenzhen Investment Limited (the “Company”) announces that on 28 September 2021 (the “Offer Date”), the Company offered to grant a total of 7,630,000 share options (the “Share Options”) to certain eligible persons (collectively, the “Grantees”) to subscribe for a total of 7,630,000 ordinary shares of the Company (“Shares”) under the share option scheme adopted by the Company on 22 June 2012 (the “Share Option Scheme”), subject to acceptance by the Grantees. Details of the Share Options offered to be granted are as follows:

Offer Date : 28 September 2021 Exercise price of the : HK$2.00 per Share, which represents the higher of (i) the Share Options closing price of HK$2.00 per Share as stated in the Stock Exchange’s daily quotations sheet on the Offer Date; and (ii) the average closing price of HK$1.948 per Share as stated in the Stock Exchange’s daily quotations sheets for the 5 business days immediately preceding the Offer Date Total number of Share : 7,630,000 Options offered to be granted Total number of Shares : 7,630,000 to be issued upon exercise of the Share Options in full Closing price of Shares : HK$2.00 per Share on the Offer Date

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• Validity period of : The Share Options shall be deemed to be granted upon acceptance the Share Options of the offer of the grant in accordance with the terms of the Share Option Scheme. Of which, 5,160,000 Share Options (“Lot A”) are exercisable during the period from 18 January 2022 to 17 January 2025 and 2,470,000 Share Options (“Lot B”) are exercisable during the period from 28 September 2022 to 27 September 2025, subject to performance review and the following vesting term:-

Maximum percentage of Share Options exercisable (including the Share Options Exercise period of the relevant previously exercised) percentage of the Share Options

40%	Lot A :	at any	time from	time from	18
		January	2022	to	17
		January	2023
	Lot B :	at any	time from		28
		September 2022		to	27
		September 2023
70%	Lot A :	at any	time from		18
		January	2023	to	17
		January	2024
	Lot B :	at any	time from		28
		September 2023		to	27
		September 2024
100%	Lot A :	at any	time from		18
		January	2024	to	17
		January	2025
	Lot B :	at any	time from		28
		September 2024		to	27
		September 2025

None of the Grantees is a director, chief executive or substantial shareholder of the Company, or an associate (as defined under the Listing Rules) of any of them.

By Order of the Board SHENZHEN INVESTMENT LIMITED LU Hua Chairman

Hong Kong, 28 September 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.

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