Macau Legend Development Limited — AGM Information 2026

Apr 29, 2026

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, registered institution in securities, bank manager, solicitor, professional accountant or other professional adviser.

If you have sold or transferred all your shares in Macau Legend Development Limited , you should at once hand this circular, together with the enclosed form of proxy, to the purchaser or transferee or to the bank, licensed securities dealer or other agent through whom the sale or transfer was effected for transmission to the purchaser or 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.

==> picture [282 x 47] intentionally omitted <==

Macau Legend Development Limited 澳門勵駿創建有限公司[*]

(Incorporated in the Cayman Islands and continued in Bermuda with limited liability)

(Stock Code: 01680)

PROPOSED GRANTING OF GENERAL MANDATES TO REPURCHASE SHARES AND ISSUE NEW SHARES, PROPOSED RE-ELECTION OF THE RETIRING DIRECTORS, RE-APPOINTMENT OF AUDITOR AND NOTICE OF THE ANNUAL GENERAL MEETING

Capitalised terms used on this cover page shall have the same meanings as defined in this circular.

A notice convening the Annual General Meeting to be held at Ballroom, Legend Palace Hotel, Macau Fisherman’s Wharf, Avenida da Amizade, Macau at 11:00 a.m. on Friday, 12 June 2026 is set out on pages 19 to 22 of this circular. A form of proxy for use at the Annual General Meeting is also enclosed with this circular. Such form of proxy is also published on the websites of the Stock Exchange ( www.hkexnews.hk ) and the Company ( www.macaulegend.com ).

Whether or not you intend to attend the Annual General Meeting, please complete and sign the accompanying form of proxy in accordance with the instructions printed on it and return it to the Company’s branch share registrar in Hong Kong, Computershare Hong Kong Investor Services Limited, at 17M Floor, Hopewell Centre, 183 Queen’s Road East, Wanchai, Hong Kong, as soon as possible but in any event not less than 48 hours before the time appointed for the holding of the Annual General Meeting (i.e. not later than 11:00 a.m. on Wednesday, 10 June 2026 (Hong Kong time)) or any adjournment of such meeting. Completion and return of the form of proxy will not preclude you from attending and voting in person at the Annual General Meeting or any adjournment of such meeting if you so wish.

29 April 2026

• For identification purpose only

CONTENTS

		Page
Definitions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .		1
Letter from the Board
1.	Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	3
2.	Proposed Granting of the Repurchase Mandate and Issuance Mandate . . . . .	4
3.	Proposed Re-election of the Retiring Directors . . . . . . . . . . . . . . . . . . . . . .	5
4.	Re-appointment of Auditor. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	6
5.	Annual General Meeting and Proxy Arrangement . . . . . . . . . . . . . . . . . . . .	6
6.	Closure of the register of members . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	6
7.	Recommendation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	7
8.	Responsibility Statement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	7
9.	General Information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	7
10.	Miscellaneous . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	7
**Appendix **	I – Explanatory Statement of the Repurchase Mandate . . . . . . . . . .	8
**Appendix **	II – Details of Directors proposed to be re-elected
	at the Annual General Meeting. . . . . . . . . . . . . . . . . . . . . . . . .	12
**Notice of **	the Annual General Meeting . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	19

– i –

DEFINITIONS

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

“acting in concert” has the same meaning ascribed to it under the Takeovers Code

• “Annual General Meeting” the annual general meeting of the Company to be held at Ballroom, Legend Palace Hotel, Macau Fisherman’s Wharf, Avenida da Amizade, Macau at 11:00 a.m. on Friday, 12 June 2026, to consider and, if appropriate, to approve the resolutions contained in the notice of the Annual General Meeting which is set out on pages 19 to 22 of this circular, or any adjournment of such meeting

• “Audit Committee” the audit committee of the Company

• “Auditor” the auditor of the Company “Board” the board of Directors

• “Bye-Laws” the bye-laws of the Company, as amended from time to time

• “CCASS” the Central Clearing and Settlement System, a securities settlement system used within the Hong Kong Exchanges and Clearing Limited market system

• “Company” Macau Legend Development Limited, a company incorporated in the Cayman Islands and continued in Bermuda with limited liability, the Shares of which are listed on the main board of the Stock Exchange (Stock Code: 01680)

• “Director(s)” the director(s) of the Company “Group” the Company and its subsidiaries “HKSCC” Hong Kong Securities Clearing Company Limited “HK$” Hong Kong dollars, the lawful currency of Hong Kong “Hong Kong” or “HKSAR” the Hong Kong Special Administrative Region of the PRC

• “Issuance Mandate” as defined in paragraph 2(b) of the section headed “LETTER FROM THE BOARD” of this circular

– 1 –

DEFINITIONS

• “Latest Practicable Date”

• 21 April 2026, being the latest practicable date prior to the publication of this circular for ascertaining certain information in this circular

• “Listing Rules”

• the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited

• “Nomination Committee” the nomination committee of the Company

• “PRC”

• the People’s Republic of China, for the sole purpose of this circular, excluding Hong Kong, Macau and Taiwan

• “Remuneration Committee”

• the remuneration committee of the Company

• “Repurchase Mandate”

• as defined in paragraph 2(a) of the section headed “LETTER FROM THE BOARD” of this circular

• “SFO”

• the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong)

• “Share(s)”

• ordinary share(s) of HK$0.01 each in the share capital of the Company or if there has been a subsequent subdivision, consolidation, reclassification or reconstruction of the share capital of the Company, share(s) forming part of the ordinary equity share capital of the Company

• “Shareholder(s)” shareholder(s) of the Company

• “Stock Exchange”

• The Stock Exchange of Hong Kong Limited

• “Takeovers Code”

• the Hong Kong Code on Takeovers and Mergers issued by the Securities and Futures Commission in Hong Kong

• “treasury shares”

has the meaning ascribed to it under the Listing Rules

• “%”

per cent

– 2 –

LETTER FROM THE BOARD

==> picture [282 x 47] intentionally omitted <==

Macau Legend Development Limited 澳門勵駿創建有限公司[*]

(Incorporated in the Cayman Islands and continued in Bermuda with limited liability)

(Stock Code: 01680)

Executive Directors:

Mr Li Chu Kwan (Chairman and chief executive officer) Ms Lam Shu Yan (Chief financial officer)

Non-executive Directors: Ms Ho Chiulin, Laurinda Mr Li Chun Tak Mr Wong Che Man Eddy

Independent non-executive Directors: Mr Mak Ka Wing, Patrick Ms Ma Cheuk Ling Ms Pong Joanne Chiu Yan

Registered office: Canon’s Court 22 Victoria Street Hamilton, HM 12 Bermuda

Principal place of business in Hong Kong: 21/F, Entertainment Building 30 Queen’s Road Central Central Hong Kong

29 April 2026

To the Shareholders

Dear Sir/Madam,

PROPOSED GRANTING OF GENERAL MANDATES TO REPURCHASE SHARES AND ISSUE NEW SHARES, PROPOSED RE-ELECTION OF THE RETIRING DIRECTORS, RE-APPOINTMENT OF AUDITOR AND NOTICE OF THE ANNUAL GENERAL MEETING

1. INTRODUCTION

The purpose of this circular is to provide Shareholders with information in respect of the resolutions to be proposed at the Annual General Meeting for, among other matters, (i) the granting of the Repurchase Mandate to the Directors; (ii) the granting of the Issuance Mandate to the Directors; (iii) the extension of the Issuance Mandate by adding to it the number of Shares repurchased by the Company under the Repurchase Mandate; (iv) the re-election of the retiring Directors; and (v) the re-appointment of the Auditor.

• For identification purpose only

– 3 –

LETTER FROM THE BOARD

2. PROPOSED GRANTING OF THE REPURCHASE MANDATE AND ISSUANCE MANDATE

At the annual general meeting of the Company held on 13 June 2025, general mandates were granted to the Directors to exercise the powers of the Company to repurchase Shares and issue new Shares, respectively. Such mandates, to the extent not utilised by the date of the Annual General Meeting, will lapse at the conclusion of the Annual General Meeting. Ordinary resolutions will be proposed at the Annual General Meeting to approve the granting of new general mandates to the Directors:

• (a) to repurchase Shares, on the Stock Exchange or on any other stock exchange recognised by the Securities and Futures Commission of Hong Kong and the Stock Exchange, of not exceeding 10% of the total number of the issued Shares (excluding treasury shares, if any) as at the date of passing of such resolution (that is, a total of 93,017,806 Shares on the basis that the existing issued share capital of the Company of 930,178,068 Shares remains unchanged as at the date of the Annual General Meeting) (the “ Repurchase Mandate ”);

• (b) to allot, issue or deal with new Shares (including any sale and transfer of treasury shares (if any) out of treasury) of not exceeding 20% of the total number of the issued Shares (excluding treasury shares, if any) as at the date of passing of such resolution (that is, a total of 186,035,613 Shares on the basis that the existing issued share capital of the Company of 930,178,068 Shares remains unchanged as at the date of the Annual General Meeting) (the “ Issuance Mandate ”); and

• (c) to extend the Issuance Mandate by adding the number of Shares repurchased by the Company pursuant to the Repurchase Mandate.

The Repurchase Mandate and the Issuance Mandate will continue in force until the conclusion of the next annual general meeting of the Company held after the Annual General Meeting or any earlier date as referred to in the proposed ordinary resolutions contained in items 8 and 9 of the notice of the Annual General Meeting as set out on pages 19 to 22 of this circular.

In accordance with the requirements of the Listing Rules, the Company is required to send to the Shareholders an explanatory statement containing all the information reasonably necessary to enable them to make an informed decision on whether to vote for or against the granting of the Repurchase Mandate. The explanatory statement as required by the Listing Rules in connection with the Repurchase Mandate is set out in Appendix I to this circular.

– 4 –

LETTER FROM THE BOARD

3. PROPOSED RE-ELECTION OF THE RETIRING DIRECTORS

In accordance with bye-law 84 of the Bye-Laws, Mr Li Chu Kwan, Ms Ho Chiulin, Laurinda and Mr Wong Che Man Eddy shall retire by rotation at the Annual General Meeting, whereas according to bye-law 83(2) of the Bye-Laws, Ms Pong Joanne Chiu Yan (who was appointed by the Board as an independent non-executive Director on 1 March 2026) shall hold office until the Annual General Meeting. All of the above retiring Directors, being eligible, will offer themselves for re-election at the Annual General Meeting.

The Nomination Committee has reviewed the structure and composition of the Board, the confirmations and disclosures given by the Directors, the qualifications, skills and experience, time commitment and contribution of the retiring Directors with reference to the nomination principles and criteria set out in the Company’s Board Diversity Policy and Director Nomination Policy, the Company’s corporate strategy, and the independence of all independent non-executive Directors.

Ms Pong Joanne Chiu Yan who has been serving as an independent non-executive Director, has confirmed her independence with reference to the factors set out in Rule 3.13 of the Listing Rules. Ms Pong Joanne Chiu Yan demonstrates the ability to provide an independent, balanced and objective view to the Company’s matters. The Nomination Committee and the Board thus consider that Ms Pong Joanne Chiu Yan (1) fulfils the requirements of an independent non-executive Director as stipulated under Rule 3.13 of the Listing Rules and (2) has the character, integrity, independence and experience to fulfil his role effectively.

Besides, the Nomination Committee and the Board believe that Mr Li Chu Kwan, Ms Ho Chiulin, Laurinda, Mr Wong Che Man Eddy and Ms Pong Joanne Chiu Yan will continue to make contribution to the Board, and are satisfied with their contribution to the Company. The Nomination Committee and the Board believe they will continue to bring valuable business experience, knowledge and professionalism to the Board for its efficient and effective functioning and diversity. The Nomination Committee and the Board therefore recommended the re-election of Mr Li Chu Kwan, Ms Ho Chiulin, Laurinda, Mr Wong Che Man Eddy and Ms Pong Joanne Chiu Yan, who are due to retire at the Annual General Meeting.

Pursuant to Rule 13.74 of the Listing Rules, a listed issuer shall disclose the details required under Rule 13.51(2) of the Listing Rules of any director(s) proposed to be re-elected or proposed new director in the notice or accompanying circular to its Shareholders of the relevant general meeting, if such re-election or appointment is subject to Shareholders’ approval at that relevant general meeting. The requisite details of all the above retiring Directors are set out in Appendix II to this circular.

– 5 –

LETTER FROM THE BOARD

4. RE-APPOINTMENT OF AUDITOR

Baker Tilly Hong Kong Limited was appointed as the auditor of the Company by the Board on 1 December 2025 to fill casual vacancy and shall hold office until the Annual General Meeting. Pursuant to bye-law 152(1) of the Bye-Laws, Baker Tilly Hong Kong Limited will retire as the Auditor at the Annual General Meeting and, being eligible, offer themselves for re-appointment.

The Board proposes to re-appoint Baker Tilly Hong Kong Limited as the Auditor and to hold office until the conclusion of the next annual general meeting of the Company.

5. ANNUAL GENERAL MEETING AND PROXY ARRANGEMENT

The notice of the Annual General Meeting is set out on pages 19 to 22 of this circular. At the Annual General Meeting, resolutions will be proposed to approve, among other things, the granting of the Repurchase Mandate and the Issuance Mandate, the extension of the Issuance Mandate by adding to it the number of Shares repurchased pursuant to the Repurchase Mandate, the re-election of the retiring Directors and the re-appointment of the Auditor.

Pursuant to the Listing Rules, any vote of Shareholders at a general meeting must be taken by poll. Accordingly, all the proposed resolutions will be put to vote by way of poll at the Annual General Meeting. An announcement on the poll results will be made by the Company after the Annual General Meeting in the manner prescribed under Rule 13.39(5) of the Listing Rules.

A form of proxy for use at the Annual General Meeting is enclosed with this circular and the form of proxy is also published on the websites of the Stock Exchange ( www.hkexnews.hk ) and the Company ( www.macaulegend.com ). Whether or not you intend to attend the Annual General Meeting, please complete and sign the form of proxy in accordance with the instructions printed on it and return it, together with the power of attorney or other authority (if any) under which it is signed or a certified copy of that power of attorney or authority, to the Company’s branch share registrar in Hong Kong, Computershare Hong Kong Investor Services Limited, at 17M Floor, Hopewell Centre, 183 Queen’s Road East, Wanchai, Hong Kong, as soon as possible but in any event not less than 48 hours before the time appointed for the holding of the Annual General Meeting (i.e. not later than 11:00 a.m. on Wednesday, 10 June 2026 (Hong Kong time)) or any adjournment of such meeting. Completion and return of the form of proxy will not preclude you from attending and voting in person at the Annual General Meeting or any adjournment of such meeting if you so wish and in such event, your proxy form shall be deemed to be revoked.

6. CLOSURE OF THE REGISTER OF MEMBERS

The register of members of the Company will be closed from Tuesday, 9 June 2026 to Friday, 12 June 2026 (both days inclusive), during which period no transfer of Shares will be registered. The record date for determining the eligibility of the Shareholders to attend and vote at the meeting will be Friday, 12 June 2026. In order to be eligible to attend and vote at the Annual General Meeting, unregistered holders of Shares should ensure that all

– 6 –

LETTER FROM THE BOARD

share transfer documents accompanied by the relevant share certificates and transfer forms must be lodged with the Company’s branch share registrar in Hong Kong, Computershare Hong Kong Investor Services Limited, at Shops 1712-1716, 17M Floor, Hopewell Centre, 183 Queen’s Road East, Wanchai, Hong Kong, for registration not later than 4:30 p.m. on Monday, 8 June 2026.

7. RECOMMENDATION

The Board considers that the granting of the Repurchase Mandate and the Issuance Mandate, the extension of the Issuance Mandate, the re-election of the retiring Directors and the re-appointment of the Auditor, are in the interests of the Company and the Shareholders as a whole. Accordingly, the Board recommends the Shareholders to vote in favour of the relevant resolutions to be proposed at the Annual General Meeting.

8. RESPONSIBILITY STATEMENT

This circular, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the Listing Rules for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that to the best of their knowledge and belief, the information contained in this circular is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this circular misleading.

9. GENERAL INFORMATION

Your attention is drawn to the additional information set out in Appendix I – Explanatory Statement of the Repurchase Mandate and Appendix II – Details of Directors proposed to be re-elected at the Annual General Meeting to this circular.

10. MISCELLANEOUS

This circular is in English and Chinese. In case of any inconsistency, the English version shall prevail.

Yours faithfully, On behalf of the Board

Macau Legend Development Limited Li Chu Kwan

Chairman, executive Director and chief executive officer

– 7 –

APPENDIX I EXPLANATORY STATEMENT OF THE REPURCHASE MANDATE

The following is an explanatory statement required by the Listing Rules to be sent to the Shareholders to enable them to make an informed decision on whether to vote for or against the ordinary resolution to be proposed at the Annual General Meeting in relation to the granting of the Repurchase Mandate.

1. REASONS FOR REPURCHASE OF SHARES

The Directors believe that the granting of the Repurchase Mandate is in the interests of the Company and the Shareholders.

Repurchases of Shares may, depending on market conditions and funding arrangements at the time, result in an enhancement of the net asset value per Share or earnings per Share, or both. The Directors are seeking the granting of the Repurchase Mandate to give the Company the flexibility to do so if and when appropriate. The number of Shares to be repurchased on any occasion and the price and other terms upon which the same are repurchased will be decided by the Directors at the relevant time, having regard to the circumstances then pertaining.

On the other hand, Shares bought back and held by the Company as treasury shares may be resold on the market at market prices to raise funds for the Company, or transferred or used for other purposes, subject to compliance with the applicable laws of Bermuda and the Listing Rules.

2. SHARE CAPITAL

As at the Latest Practicable Date, the issued share capital of the Company comprised 930,178,068 Shares.

Subject to the passing of the ordinary resolution set out in item 8 of the notice of the Annual General Meeting in respect of the granting of the Repurchase Mandate and on the basis that the existing issued share capital of the Company remains unchanged as at the date of the Annual General Meeting, that is, 930,178,068 Shares, the Directors would be authorised under the Repurchase Mandate to repurchase, during the period in which the Repurchase Mandate remains in force, a total of 93,017,806 Shares, representing 10% of the total number of the issued Shares (excluding treasury shares, if any) as at the date of the Annual General Meeting.

3. FUNDING OF REPURCHASES

Repurchases of Shares will be funded from the Company’s internal resources, which shall be funds legally available for such purposes in accordance with the Company’s memorandum of continuance and Bye-Laws, the laws of Bermuda and/or any other applicable laws, as the case may be.

– 8 –

APPENDIX I EXPLANATORY STATEMENT OF THE REPURCHASE MANDATE

4. IMPACT OF REPURCHASES

There might be a material adverse impact on the working capital or gearing position of the Company (as compared with the position disclosed in the audited consolidated financial statements contained in the annual report of the Company for the year ended 31 December 2025) in the event that the Repurchase Mandate is to be carried out in full at any time during the proposed repurchase period. However, the Directors do not intend to exercise the Repurchase Mandate to such an extent as would, in the circumstances, have a material adverse effect on the working capital requirements of the Company or the gearing levels which in the opinion of the Directors are from time to time befitting the Company.

5. TAKEOVERS CODE

If, on the exercise of the power to repurchase Shares pursuant to the Repurchase Mandate, a Shareholder’s proportionate interest in the voting rights of the Company increases, such increase will be treated as an acquisition for the purposes of the Takeovers Code. As a result, a Shareholder, or a group of Shareholders acting in concert depending on the level of interests, or increase in interests, of such Shareholder or group of Shareholders, could obtain or consolidate control of the Company and become obliged to make a mandatory offer in accordance with Rule 26 of the Takeovers Code for all the Shares not already owned by such Shareholder or group of Shareholders.

As at the Latest practicable Date, Mr Li Chi Keung and Elite Success International Limited (“ Elite Success ”), a company wholly and beneficially owned by Mr Li Chi Keung, his spouse, Ms Wong Hoi Ping, held a total number of 256,673,841 Shares, representing 27.59% of the existing issued share capital of the Company. In the event that the Directors exercise in full the power to repurchase Shares under the Repurchase Mandate, the aggregate shareholding interest of Mr Li Chi Keung and Elite Success would, based on their current shareholding, be increased to approximately 30.66% of the total issued share capital of the Company. Such increase would give rise to an obligation to make a mandatory offer under Rule 26 of the Takeovers Code.

The Directors do not have any present intention to exercise the proposed Repurchase Mandate to such an extent as would give rise to such obligations.

Save as aforesaid, the Directors are not aware of any consequences which would arise under the Takeovers Code as a consequence of any repurchase of Shares pursuant to the Repurchase Mandate.

In addition, the Directors do not have any intention to exercise the proposed Repurchase Mandate to the effect that it will result in the public float to fall below the percentage as required under the Listing Rules or such other minimum percentage agreed by the Stock Exchange from time to time.

– 9 –

EXPLANATORY STATEMENT OF THE REPURCHASE MANDATE

APPENDIX I

6. GENERAL

None of the Directors or, to the best of their knowledge having made all reasonable enquiries, any of their respective close associates (as defined in the Listing Rules), have any present intention to sell any Shares to the Company in the event that the granting of the Repurchase Mandate is approved by the Shareholders.

The Company has not been notified by any core connected persons (as defined in the Listing Rules) of the Company that they have any present intention to sell any Shares to the Company, or that they have undertaken not to sell any Shares held by them to the Company in the event that the granting of the Repurchase Mandate is approved by the Shareholders.

The Directors will exercise the power of the Company to make any repurchases of Shares pursuant to the Repurchase Mandate in accordance with the Listing Rules and the applicable laws of Bermuda.

The Company has confirmed that neither the explanatory statement nor the proposed share repurchase has any unusual features.

Following a repurchase of Shares, the Company may cancel any repurchased Shares and/or hold them as treasury shares subject to, among other things, market conditions and its capital management needs at the relevant time of the repurchase. For any treasury shares of the Company deposited with CCASS pending resale on the Stock Exchange (if any), the Company shall, upon approval by the Board, implement the below interim measures which include (without limitation):

• (i) procuring its broker not to give any instructions to HKSCC to vote at general meetings for the treasury shares deposited with CCASS;

• (ii) in the case of dividends or distributions (if any and where applicable), withdrawing the treasury shares from CCASS, and either re-register them in its own name as treasury shares or cancel them, in each case before the relevant record date for the dividends or distributions; and

• (iii) taking any other measures to ensure that it will not exercise any Shareholders’ rights or receive any entitlements which would otherwise be suspended under the applicable laws if those Shares were registered in its own name as treasury shares.

– 10 –

APPENDIX I EXPLANATORY STATEMENT OF THE REPURCHASE MANDATE

7. MARKET PRICES OF SHARES

The highest and lowest prices per Share at which the Shares have been traded on the Stock Exchange in each of the 12 months immediately preceding (and including) the Latest Practicable Date were as follows:

Month	Highest	Lowest
	HK$	HK$
2025
April	0.120	0.085
May	0.120	0.092
June	0.108	0.086
July	0.093	0.074
August	0.850	0.550
September	0.650	0.520
October	0.501	0.358
November	0.395	0.275
December	0.360	0.285
2026
January	0.485	0.265
February	0.290	0.250
March	0.285	0.210
April (up to the Latest Practicable Date)	0.223	0.185

8. REPURCHASES OF SHARES MADE BY THE COMPANY

The Company has not repurchased any Shares (whether on the Stock Exchange or otherwise) during the previous six months immediately preceding the Latest Practicable Date.

– 11 –

DETAILS OF DIRECTORS PROPOSED TO BE RE-ELECTED AT THE ANNUAL GENERAL MEETING

APPENDIX II

Pursuant to the Listing Rules, the details of the Directors, who will retire and offer themselves for re-election at the Annual General Meeting, are provided below.

(1) MR LI CHU KWAN, AGED 50

Position and experience

Mr Li Chu Kwan (“ Mr Li ”) has been an executive Director since 29 December 2020 and was a co-chairman of the Board since 1 March 2022. He became the chairman of the Board since 16 August 2022. He has also been appointed as a member of the Remuneration Committee since 15 December 2022 and the chief executive officer since 1 January 2023. He has studied finance at University of South Australia and has extensive experience in the commercial and gaming industry in Macau. He was the chief executive officer of the Macau Jockey Club from 2007 to 2021. He has also actively participated in public and community services in Macau, including the roles of being a member of the 12th Chinese People’s Political Consultative of Guangzhou Province City – Macau district from 2012 to 2017; as a member of the 12th Chinese People’s Political Consultative of Sichuan Province – Macau district from 2018 to 2022, as a member of the 13th Chinese People’s Political Consultative of Sichuan Province – Macau district since 2023; a director of Tung Wah Group of Hospital in Hong Kong from 2006 to 2010; the vice-president of Associacao Geral de Ciclismo de Macau, China （中國澳門單車總會） form 2012 to April 2024 and become a president since May 2024; a committee member of the central committee of the Macau Red Cross since 2014; a committee member of Conselho do Desporto （澳門體育委員會） since 2018; and the president of the Macau Association of Young Employees in the Gaming Industry from 2016 to 2021. Mr Li is the son of Mr Li Chi Keung, a substantial shareholder of the Company.

Save as disclosed, Mr Li has not held (i) other directorships in the last three years in public companies the securities of which are listed on any securities market in Hong Kong or overseas or (ii) held other major appointment and professional qualification.

Length of service

Pursuant to the director service contract entered into between the Company and Mr Li, his term of office is one year and renewable automatically for successive terms of one year each commencing from the day after the expiry of the then current term. He is also subject to the retirement by rotation and re-election provisions as set out in the Bye-Laws.

Interests in shares

As far as the Directors are aware, as at the Latest Practicable Date, Mr Li was not interested or deemed to be interested in any Shares or underlying Shares or its associated corporations pursuant to Part XV of the SFO.

– 12 –

DETAILS OF DIRECTORS PROPOSED TO BE RE-ELECTED AT THE ANNUAL GENERAL MEETING

APPENDIX II

Relationships

Mr Li is a son of Mr Li Chi Keung, a substantial Shareholder of the Company (as defined in the Listing Rules). Save as disclosed above, Mr Li does not have any relationships with any other Directors, substantial Shareholders (as defined in the Listing Rules), controlling Shareholders (as defined in the Listing Rules) or senior management of the Company.

Director’s emoluments

Pursuant to the aforementioned service contract, Mr Li is entitled to receive a director’s fee of HK$120,000 per annum. He may also be entitled to a bonus payment in such amount and payable at such time as shall be determined by the Board in its absolute discretion and participate in the share option scheme adopted by the Company.

The above emoluments of Mr Li are determined by the Board with reference to his qualification, experience, time commitment and responsibilities in the Company as well as the remuneration policy of the Company.

Other information and matters that need to be disclosed or brought to the attention of the Shareholders

As far as the Directors are aware, there is no information of Mr Li to be disclosed pursuant to any of the requirements under paragraphs 13.51(2)(h) to 13.51(2)(v) of the Listing Rules; and there are no other matters concerning Mr Li that need to be brought to the attention of the Shareholders.

(2) MS HO CHIULIN, LAURINDA, AGED 34

Position and experience

Ms Ho Chiulin, Laurinda (“ Ms Laurinda Ho ”) has been a non-executive Director and a member of the Audit Committee since 1 September 2016. Ms Laurinda Ho is a daughter of Ms Chan Un Chan, a substantial shareholder of the Company. She was awarded a bachelor of science in economics from the University of London in August 2012 and was conferred the degree of master of science in professional accountancy in 2020. She is also a member of the Institute of Chartered Accountants in England and Wales. Ms Laurinda Ho was an assistant tax advisor with Ernst & Young PLL in London in 2013 and a senior staff accountant with Ernst & Young PLL in Beijing from March 2014 to October 2014. She has been a director of UNIR Australia Pty Ltd, the group of which owns substantial real estate assets including hospitality, retail and office investments in Perth, Australia. She is also a director of Smile with us HK Limited since 4 September 2018. Ms Laurinda Ho has been a member of Foshan Provincial Committee of the Chinese People’s Political Consultative Conference of the PRC since 25 January 2019.

– 13 –

DETAILS OF DIRECTORS PROPOSED TO BE RE-ELECTED AT THE ANNUAL GENERAL MEETING

APPENDIX II

Save as disclosed, Ms Laurinda Ho has not (i) held other directorships in the last three years in public companies the securities of which are listed on any securities market in Hong Kong or overseas or (ii) held other major appointments and professional qualifications.

Length of service

Pursuant to the appointment letter entered into between the Company and Ms Laurinda Ho, her term of office is one year and renewable automatically for successive terms of one year each commencing from the day after the expiry of the then current term. She is also subject to the retirement by rotation and re-election provisions as set out in the Bye-Laws.

Interests in shares

As far as the Directors are aware, as at the Latest Practicable Date, Ms Laurinda Ho was not interested or deemed to be interested in any Shares or underlying Shares or its associated corporations pursuant to Part XV of the SFO.

Relationships

Ms Laurinda Ho is a daughter of Ms Chan Un Chan, a substantial Shareholder (as defined in the Listing Rules). Save as disclosed above, Ms Laurinda Ho does not have any relationships with any other Directors, substantial Shareholders (as defined in the Listing Rules), controlling Shareholders (as defined in the Listing Rules) or senior management of the Company.

Director’s emoluments

Pursuant to the aforementioned appointment letter, Ms Laurinda Ho is entitled to receive a director’s fee of HK$210,000 per annum. She may also be entitled to a bonus payment in such amount and payable at such time as shall be determined by the Board in its absolute discretion and participate in the share option scheme adopted by the Company.

The above emoluments of Ms Laurinda Ho are determined by the Board with reference to her qualification, experience, time commitment and responsibilities in the Company as well as the remuneration policy of the Company.

Other information and matters that need to be disclosed or brought to the attention of the Shareholders

As far as the Directors are aware, there is no information of Ms Laurinda Ho to be disclosed pursuant to any of the requirements under paragraphs 13.51(2)(h) to 13.51(2)(v) of the Listing Rules; and there are no other matters concerning Ms Laurinda Ho that need to be brought to the attention of the Shareholders.

– 14 –

DETAILS OF DIRECTORS PROPOSED TO BE RE-ELECTED AT THE ANNUAL GENERAL MEETING

APPENDIX II

(3) MR WONG CHE MAN EDDY, AGED 66

Position and experience

Mr Wong Che Man Eddy (“ Mr Wong ”) has been a non-executive Director, a member of both the Remuneration Committee and the Nomination Committee since 9 September 2022. He has over 30 years of experience in the auditing and accounting profession. Mr Wong graduated with an honours diploma in accounting from Hong Kong Baptist College in 1984. He is currently a director of Dakin CPA Limited, and also is a fellow member of the Hong Kong Institute of Certified Public Accountants and the Association of Chartered Certified Accountants.

Mr Wong is currently an independent non-executive director of Sun Hing Vision Group Holdings Limited (stock code: 125), whose securities are listed on the Main Board of the Stock Exchange and an independent non-executive director of China All Access (Holdings) Limited (In Liquidation), a company incorporated in Cayman Islands primarily engaged in Information and Communicate Technology Business whose securities were previously listed on the Main Board of the Stock Exchange and its listing status was canceled in 16 January 2023. A winding up order was made against China All Access (Holdings) Limited (In Liquidation) by the High Court of Hong Kong on 21 June 2021 and Messrs. So Man Chun and Jong Yat Kit of PricewaterhouseCoopers Limited have been appointed as its joint and several liquidators. The subject winding-up petition was filed by a corporate bond holder in respect of a claim of approximately HK$10,000,000. He was appointed as an independent non-executive director, the chairman of each of the Audit Committee, the Remuneration Committee and the Nomination Committee of WellCell Holdings Co., Limited (a company listed on the Main Board of the Stock Exchange with stock code: 2477) on 26 September 2024 and was appointed as the member of the Investment Committee on 22 November 2024.

Mr Wong was an independent non-executive director of Gaoyu Finance Group Limited (formerly known as “PF Group Holdings Limited”) (stock code: 8221) from 11 December 2020 to 10 October 2021, whose securities are listed on the GEM of the Stock Exchange.

Save as disclosed, Mr Wong has not (i) held any other directorships in the last three years in public companies the securities of which are listed on any securities market in Hong Kong or overseas; or (ii) held other major appointments and professional qualifications.

Length of service

Pursuant to the appointment letter entered into the Company and Mr Wong, his term of office is one year and renewable automatically for successive terms of one year each commencing from the day after the expiry of the then current term. He is also subject to the retirement by rotation and re-election provisions as set out in the Bye-Laws.

– 15 –

DETAILS OF DIRECTORS PROPOSED TO BE RE-ELECTED AT THE ANNUAL GENERAL MEETING

APPENDIX II

Interests in shares

As far as the Directors are aware, as at the Latest Practicable Date, Mr Wong was not interested or deemed to be interested in any Shares or underlying Shares or its associated corporations pursuant to Part XV of the SFO.

Relationships

As far as the Directors are aware, Mr Wong does not have any relationships with other Directors, substantial Shareholders (as defined in the Listing Rules), controlling Shareholders (as defined in the Listing Rules) or senior management of the Company.

Director’s emoluments

Pursuant to the aforementioned appointment letter, Mr Wong is entitled to receive a director’s fee of HK$180,000 per annum. He may also be entitled to a bonus payment in such amount and payable at such time as shall be determined by the Board in its absolute discretion and participate in the share option scheme adopted by the Company.

The above emoluments of Mr Wong are determined by the Board with reference to his qualification, experience, time commitment and responsibilities in the Company as well as the remuneration policy of the Company.

Other information and matters that need to be disclosed or brought to the attention of the Shareholders

As far as the Directors are aware, there is no information of Mr Wong to be disclosed pursuant to any of the requirements under paragraphs 13.51(2)(h) to 13.51(2)(v) of the Listing Rules; and there are no other matters concerning Mr Wong that need to be brought to the attention of the Shareholders.

(4) MS PONG JOANNE CHIU YAN, AGED 48

Position and experience

Ms Pong Joanne Chiu Yan (“ Ms Pong ”), has been an independent non-executive Director, the chairman of the Audit Committee and a member of each of the Remuneration Committee and Nomination Committee since 1 March 2026. Ms Pong has over 20 years of experience in capital markets and investment banking, with an extensive track record in corporate finance transactions of listed companies in Hong Kong. She was the Executive Director and Co-Head of Equity Capital Markets at China Securities (International) Corporate Finance Company Limited and the Head of Equities Capital Market Department at ABCI Securities Company Limited. Currently, she is a Responsible Officer of Type 6 (advising on corporate finance) regulated activity under the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) of a licensed corporation.

– 16 –

DETAILS OF DIRECTORS PROPOSED TO BE RE-ELECTED AT THE ANNUAL GENERAL MEETING

APPENDIX II

Ms Pong is a Certified Public Accountant in the United States and Hong Kong. She is a member of the Washington State Board of Accountancy, a member of the American Institute of Certified Public Accountants and a member of the Hong Kong Institute of Certified Public Accountants. Ms Pong received a Bachelor of Commerce degree majoring in accounting and finance from the University of Auckland, New Zealand, and a Master of Business Administration degree from the University of Iowa, United States.

Save as disclosed, Ms Pong has not (i) held other directorships in the last three years in public companies the securities of which are listed on any securities market in Hong Kong or overseas; (ii) held any other position in the Group; or (iii) held other major appointments and professional qualifications.

Length of service

Pursuant to the appointment letter entered into between the Company and Ms Pong, her term of office is one year and renewable automatically for successive terms of one year each commencing from the day after the expiry of the then current term. She is also subject to the retirement by rotation and re-election provisions as set out in the Bye-Laws.

Interest in shares

As far as the Directors are aware, as at the Latest Practicable Date, Ms Pong was not interested or deemed to be interested in any shares or underlying shares of the Company or its associated corporations within the meaning of Part XV of the SFO.

Relationships

As far as the Directors are aware, Ms Pong does not have any relationships with other Directors, substantial Shareholders (as defined in the Listing Rules), controlling Shareholders (as defined in the Listing Rules) or senior management of the Company.

Director’s emoluments

Pursuant to the aforementioned appointment letter, Ms Pong is entitled to receive a director’s fee of HK$240,000 per annum. She may also be entitled to a bonus payment in such amount and payable at such time as shall be determined by the Board in its absolute discretion and participate in the share option scheme adopted by the Company (if any).

The above emoluments of Ms Pong are determined by the Board with reference to her qualification, experience, time commitment and responsibilities in the Company as well as the remuneration policy of the Company.

– 17 –

DETAILS OF DIRECTORS PROPOSED TO BE RE-ELECTED AT THE ANNUAL GENERAL MEETING

APPENDIX II

Other information and matters that need to be disclosed or brought to the attention of the shareholders of the Company

As far as the Directors are aware, save as disclosed above, there is no information of Ms Pong to be disclosed pursuant to the requirements of Rule 13.51(2)(h) to (v) of the Listing Rules; and there are no other matters relating to Ms Pong that need to be brought to the attention of the Shareholders.

– 18 –

NOTICE OF THE ANNUAL GENERAL MEETING

==> picture [282 x 47] intentionally omitted <==

Macau Legend Development Limited 澳門勵駿創建有限公司[*]

(Incorporated in the Cayman Islands and continued in Bermuda with limited liability)

(Stock Code: 01680)

NOTICE IS HEREBY GIVEN that the annual general meeting of Macau Legend Development Limited (the “ Company ”) will be held at Ballroom, Legend Palace Hotel, Macau Fisherman’s Wharf, Avenida da Amizade, Macau at 11:00 a.m. on Friday, 12 June 2026 for the following purposes:

ORDINARY RESOLUTIONS

To consider and approve, each as a separate resolution, if thought fit, the following resolutions as ordinary resolutions of the Company:

1. To consider and receive the audited consolidated financial statements of the Company and the reports of the directors (the “ Directors ”) and auditor of the Company for the year ended 31 December 2025;

2. To re-elect Mr Li Chu Kwan as an executive Director;

3. To re-elect Ms Ho Chiulin, Laurinda as a non-executive Director;

4. To re-elect Mr Wong Che Man Eddy as a non-executive Director;

5. To re-elect Ms Pong Joanne Chiu Yan as an independent non-executive Director;

6. To authorise the board of Directors (the “ Board ”) to fix the respective Directors’ remuneration;

7. To re-appoint Baker Tilly Hong Kong Limited as auditor of the Company and to authorise the Board to fix the auditor’s remuneration;

8. To consider and, if thought fit, pass with or without amendments, the following resolution as an ordinary resolution of the Company:

“ THAT:

• (a) subject to paragraph (b) below, the exercise by the Directors of the Company during the Relevant Period (as defined below) of all the powers of the Company to repurchase its shares of HK$0.01 each in the share capital of

• For identification purpose only

– 19 –

NOTICE OF THE ANNUAL GENERAL MEETING

the Company (the “ Shares ”) on The Stock Exchange of Hong Kong Limited (the “ Stock Exchange ”) or on any other stock exchange recognised by the Securities and Futures Commission of Hong Kong and the Stock Exchange, subject to and in accordance with the applicable laws, and, if permitted under the Listing Rules, to determine whether such shares of the Company repurchased shall be held as treasury shares by the Company or otherwise be cancelled subject to and in accordance with all applicable laws and the requirements of the Listing Rules or of any other stock exchange as amended from time to time be and is hereby generally and unconditionally approved;

• (b) the total number of Shares to be purchased pursuant to the approval in paragraph (a) above shall not exceed 10% of the total number of the issued Shares (excluding treasury shares, if any) as at the date of passing of this resolution and the approval shall be limited accordingly; and

• (c) for the purposes of this resolution, “ Relevant Period ” means the period from the passing of this resolution until whichever is the earliest of:

  • (i) the conclusion of the next annual general meeting of the Company;

  • (ii) the revocation or variation of the authority given under this resolution by ordinary resolution passed by the Company’s Shareholders in general meetings; and

  • (iii) the expiration of the period within which the next annual general meeting of the Company is required by the bye-laws of the Company or any applicable laws to be held.”;

• To consider and, if thought fit, pass with or without amendments, the following resolution as an ordinary resolution of the Company:

“ THAT:

• (a) subject to paragraph (c) below, the exercise by the Directors during the Relevant Period (as defined below) of all the powers of the Company to allot, issue and deal with authorised and unissued Shares in the capital of the Company (including any sale and transfer of treasury shares (if any) out of treasury) and to make or grant offers, agreements and options (including warrants, bonds and debentures/securities convertible into Shares) which would or might require the exercise of such powers be and is hereby generally and unconditionally approved;

• (b) the approval in paragraph (a) above shall authorise the Directors to make or grant offers, agreements and options (including warrants, bonds and debentures/securities convertible into Shares) during the Relevant Period which would or might require the exercise of such powers after the end of the Relevant Period;

– 20 –

NOTICE OF THE ANNUAL GENERAL MEETING

• (c) the aggregate number of Shares allotted and issued or agreed conditionally or unconditionally to be allotted and issued (whether pursuant to an option or otherwise) by the Directors pursuant to the approval in paragraph (a) above, otherwise than pursuant to:

• (i) a Rights Issue (as defined below);

• (ii) the exercise of options under the share option scheme(s) of the Company;

• (iii) any scrip dividend scheme or similar arrangement providing for the allotment of Shares in lieu of the whole or part of a dividend on Shares in accordance with the bye-laws of the Company; and

• (iv) the exercise of the right of subscription or conversion under the terms of any securities which are convertible into Shares and from time to time outstanding,

shall not exceed 20% of the total number of the issued Shares (excluding treasury shares, if any) as at the date of passing of this resolution and the said approval shall be limited accordingly; and

• (d) for the purposes of this resolution:

“ Relevant Period ” means the period from the passing of this resolution until whichever is the earliest of:

• (i) the conclusion of the next annual general meeting of the Company;

• (ii) the revocation or variation of the authority given under this resolution by ordinary resolution passed by the Company’s Shareholders in general meetings; and

• (iii) the expiration of the period within which the next annual general meeting of the Company is required by the bye-laws of the Company or any applicable laws to be held; and

“ Rights Issue ” means an offer of Shares, or offer or issue of warrants, options or other securities giving rights to subscribe for Shares open for a period fixed by the Directors to holders of Shares or any class of Shares on the register on a fixed record date in proportion to their then holdings of such Shares or class of Shares (subject to such exclusions or other arrangements as the Directors may deem necessary or expedient in relation to fractional entitlements or having regard to any restrictions or obligations under the laws of any relevant jurisdiction or the requirements of any recognised regulatory body or any stock exchange).”; and

– 21 –

NOTICE OF THE ANNUAL GENERAL MEETING

1. To consider and, if thought fit, pass with or without amendments, the following resolution as an ordinary resolution of the Company:

“ THAT conditional upon the passing of the resolutions set out in items 8 and 9 of the notice convening this meeting (the “ Notice ”), the general mandate referred to in the resolution set out in item 9 of the Notice be and is hereby extended by the addition to the aggregate number of Shares which may be allotted and issued or agreed conditionally or unconditionally to be allotted and issued by the Directors pursuant to such general mandate of the number of Shares repurchased by the Company pursuant to the general mandate referred to in the resolution set out in item 8 of the Notice, provided that such amount shall not exceed 10% of the total number of the issued Shares (excluding treasury shares, if any) as at the date of passing of this resolution.”.

By Order of the Board Macau Legend Development Limited Li Chu Kwan Chairman, executive Director and chief executive officer

Hong Kong, 29 April 2026

Notes:

• (a) Any member of the Company entitled to attend and vote at the above meeting is entitled to appoint a proxy to attend and vote instead of him/her/it. A proxy need not be a member of the Company. A member who is the holder of two or more Shares may appoint more than one proxy to represent him/her/it to attend and vote on his/her/its behalf. If more than one proxy is so appointed, the appointment shall specify the number and class of Shares in respect of which each such proxy is so appointed.

• (b) In order to be valid, a form of proxy together with the power of attorney or other authority, if any, under which it is signed or a certified copy of that power or authority, must be deposited at the Company’s branch share registrar in Hong Kong, Computershare Hong Kong Investor Services Limited, at 17M Floor, Hopewell Centre, 183 Queen’s Road East, Wanchai, Hong Kong, as soon as possible but in any event not less than 48 hours before the time fixed for the holding of the above meeting (i.e. not later than 11:00 a.m. on Wednesday, 10 June 2026 (Hong Kong time)) or any adjournment of such meeting. Delivery of the form of proxy shall not preclude a member of the Company from attending and voting in person at the meeting and, in such event, the form of proxy shall be deemed to be revoked.

• (c) For determining the entitlement to attend and vote at the above meeting, the register of members of the Company will be closed from Tuesday, 9 June 2026 to Friday, 12 June 2026 (both days inclusive), during which period no transfer of Shares will be registered. The record date for determining the eligibility of the Shareholders to attend and vote at the meeting will be Friday, 12 June 2026. In order to be eligible to attend and vote at the above meeting, unregistered holders of Shares should ensure that all share transfer documents accompanied by the relevant share certificates must be lodged with the Company’s branch share registrar in Hong Kong, Computershare Hong Kong Investor Services Limited, at Shops 1712-1716, 17M Floor, Hopewell Centre, 183 Queen’s Road East, Wanchai, Hong Kong, for registration not later than 4:30 p.m. on Monday, 8 June 2026.

As at the date of this notice, the executive Directors are Mr Li Chu Kwan and Ms Lam Shu Yan; the non-executive Directors are Ms Ho Chiulin, Laurinda, Mr Li Chun Tak and Mr Wong Che Man Eddy; and the independent non-executive Directors are Mr Mak Ka Wing, Patrick, Ms Ma Cheuk Ling and Ms Pong Joanne Chiu Yan.

– 22 –