Tradelink Electronic Commerce Limited — Proxy Solicitation & Information Statement 2025

Apr 8, 2025

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, bank manager, solicitor, professional accountant or other professional adviser.

If you have sold or transferred all your shares in Tradelink Electronic Commerce 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 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 liabilities whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this circular.

Tradelink

Tradelink Electronic Commerce Limited

貿易通電子貿易有限公司

(Incorporated in Hong Kong with limited liability)

(Stock Code: 536)

NOTICE OF ANNUAL GENERAL MEETING

AND

PROPOSALS FOR DECLARATION OF FINAL DIVIDEND,

RE-ELECTION OF RETIRING DIRECTORS,

RE-ELECTION OF A RETIRING INDEPENDENT NON-EXECUTIVE DIRECTOR

WHO HAS SERVED MORE THAN NINE YEARS,

RE-APPOINTMENT OF KPMG AS AUDITOR AND

GENERAL MANDATE TO ISSUE SHARES

A notice convening the annual general meeting ("AGM") of Tradelink Electronic Commerce Limited (the "Company") on Friday, 16 May 2025 at 2:00 p.m. ("2025 AGM") at Function Room A, Hotel COZi • Oasis, Tsuen Wan, 443 Castle Peak Road, Kwai Chung, Hong Kong is set out on pages 9 to 11 of this circular (the "Notice").

The register of members of the Company will be closed from Tuesday, 13 May 2025 to Friday, 16 May 2025, both days inclusive, during which period no transfer of shares (the "Shares") of the Company will be registered to determine the entitlement of the Company's shareholders (the "Shareholders") to attend and vote at the 2025 AGM. The record date for determining the Shareholders' entitlement to attend and vote at the 2025 AGM is Friday, 16 May 2025. In order to qualify to attend and vote at the 2025 AGM, all duly completed transfer forms accompanied by the relevant share certificates must be lodged with the Company's share registrar, Computershare Hong Kong Investor Services Limited, at Shops 1712-1716, 17th Floor, Hopewell Centre, 183 Queen's Road East, Wan Chai, Hong Kong for registration, no later than 4:30 p.m. on Monday, 12 May 2025.

Whether you are able to attend the 2025 AGM or not, you are advised to read the Notice and to complete and return the enclosed form of proxy, in accordance with the instructions printed thereon, to the Company's share registrar, Computershare Hong Kong Investor Services Limited, at 17M Floor, Hopewell Centre, 183 Queen's Road East, Wan Chai, Hong Kong as soon as possible but in any event not less than 48 hours before the time appointed for the holding of the 2025 AGM (or any adjournment thereof). The completion and return of the form of proxy shall not preclude you from attending and voting in person at the 2025 AGM (or any adjournment thereof) should you so wish.

Hong Kong, 8 April 2025

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LETTER FROM THE BOARD

Tradelink Electronic Commerce Limited

貿易通電子貿易有限公司
(Incorporated in Hong Kong with limited liability)
(Stock Code: 536)

Directors:
Chairman and Non-executive Director
Dr. LEE Harry Nai Shee, S.B.S., J.P.

Non-executive Directors
Dr. LEE Delman
Mr. YUEN Wing Sang Vincent

Independent Non-executive Directors
Mr. CHAK Hubert
Mr. CHAU Tak Hay
Ms. CHEUNG Ho Ling Honnus
Mr. LIN Sun Mo Willy, G.B.S., J.P., FCILT

Executive Directors
Mr. YUEN Man Chung, S.B.S.
Mr. CHENG Chun Chung Andrew

Registered Office:
11/F & 12/F,
Tower B, Regent Centre,
63 Wo Yi Hop Road,
Kwai Chung, Hong Kong.

Hong Kong, 8 April 2025

To the Shareholders,
Dear Sir or Madam,

NOTICE OF ANNUAL GENERAL MEETING
AND
PROPOSALS FOR DECLARATION OF FINAL DIVIDEND,
RE-ELECTION OF RETIRING DIRECTORS,
RE-ELECTION OF A RETIRING INDEPENDENT NON-EXECUTIVE DIRECTOR
WHO HAS SERVED MORE THAN NINE YEARS,
RE-APPOINTMENT OF KPMG AS AUDITOR AND
GENERAL MANDATE TO ISSUE SHARES

INTRODUCTION

The purpose of this circular is to provide Shareholders with information regarding proposals for the declaration of a final dividend for the year ended 31 December 2024, the re-election of retiring directors of the Company, the re-election of a retiring Independent Non-executive Director of the Company who has served more than nine years, the authorisation of the board (the "Board") of directors (the "Directors") of the Company to fix the remuneration of Directors, the re-appointment of KPMG as the auditor of the Company and the authorisation of the Board to fix its remuneration, and the general mandate to be granted to the Directors to issue Shares. These resolutions will be proposed at the 2025 AGM.

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LETTER FROM THE BOARD

FINAL DIVIDEND

As disclosed in the final results announcement of the Company dated 18 March 2025, the Board has recommended a final dividend of HK 6.4 cents per Share for the year ended 31 December 2024. The final dividend of HK 6.4 cents per Share is subject to Shareholders’ approval at the 2025 AGM and is expected to be paid on Friday, 6 June 2025 to the Shareholders whose names appear on the register of members of the Company on Friday, 23 May 2025.

The register of members of the Company will be closed from Friday, 23 May 2025 to Tuesday, 27 May 2025, both days inclusive, during which period no transfer of Shares will be registered to determine the Shareholders’ entitlement to the final dividend. In order to qualify for the final dividend, all duly completed transfer forms accompanied by the relevant share certificates must be lodged with the Company’s share registrar, Computershare Hong Kong Investor Services Limited, at Shops 1712-1716, 17th Floor, Hopewell Centre, 183 Queen’s Road East, Wan Chai, Hong Kong for registration, no later than 4:30 p.m. on Thursday, 22 May 2025.

RE-ELECTION OF RETIRING DIRECTORS AND A RETIRING INDEPENDENT NON-EXECUTIVE DIRECTOR WHO HAS SERVED MORE THAN NINE YEARS

In accordance with Article 96 of the Articles of Association (the “Articles of Association”) of the Company, at each AGM, one third of the Directors for the time being shall retire from office but are eligible for re-election. Mr. YUEN Wing Sang Vincent, Mr. CHAK Hubert and Mr. CHAU Tak Hay will retire from office by rotation at the 2025 AGM. Mr. YUEN Wing Sang Vincent and Mr. CHAK Hubert, being eligible, have offered themselves for re-election at the 2025 AGM, whereas Mr. CHAU Tak Hay has decided not to offer himself for re-election in conformity with the Company’s Policy of Board Diversity, Refreshment & Succession and Size (the “Diversity Policy”) and will retire after the conclusion of the 2025 AGM. Also, in accordance with Article 88 of the Articles of Association, any Director appointed by the Board either to fill a casual vacancy or as an addition to the Board shall hold office only until the next following AGM and shall then be eligible for re-election. Mr. YUEN Man Chung, S.B.S. has been appointed by the Board as an Executive Director (“ED”) of the Company with effect from 1 September 2024. Accordingly, he will retire from office and, being eligible, has offered himself for re-election at the 2025 AGM.

It is proposed that Mr. YUEN Wing Sang Vincent, Mr. CHAK Hubert and Mr. YUEN Man Chung, S.B.S. be re-elected as a Non-executive Director (“NED”), an Independent Non-executive Director (“INED”) and an ED respectively at the 2025 AGM. Pursuant to the Rules Governing the Listing of Securities (the “Listing Rules”) on The Stock Exchange of Hong Kong Limited (the “SEHK”), biographical details of these retiring Directors proposed for re-election are set out in Appendix I to this circular, which explain how they will contribute to the diversity of the Board.

Among the three retiring Directors who offer themselves to be re-elected, Mr. CHAK Hubert is an INED and has served the Company for more than nine years, and his re-election will be subject to a separate resolution to be approved by the Shareholders at the 2025 AGM in accordance with the Listing Rules.

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LETTER FROM THE BOARD

The Nomination Committee (the "Nomination Committee") of the Board has reviewed the biographical details of Mr. CHAK, and taking into account his knowledge, experience, capability and various diversity aspects as set out in the Diversity Policy, as well as his overall contribution and service over the years. Considering, in particular, Mr. CHAK has provided professional advices and insights and continued to bring in fresh perspectives to the Board over his tenure of office and Mr. CHAK's extensive experience in the fields of asset management and investment, the Nomination Committee was of the view that Mr. CHAK will continue to contribute to the Board with his perspectives, skills and experience.

Mr. CHAK has given to the Company an annual confirmation of independence as regards the factors in Rule 3.13 of the Listing Rules. He has also demonstrated strong independence by providing impartial views and judgments at the meetings of the Board and respective committees of the Board (the "Board Committees") over the years. He has remained committed to his independent role and has not taken part in the day-to-day management of the Company. Furthermore, Mr. CHAK has no financial or family relationships with any Directors, senior management or substantial or controlling Shareholder(s). The Nomination Committee considered that the long service of Mr. CHAK would not affect his exercise of independent judgment and was of the view that he has the required character, integrity and experience to continue fulfilling the role of an INED.

Having considered all these factors and the recommendation of the Nomination Committee, the Board is of the view that Mr. CHAK is still independent and his re-election is in the interests of the Company and the Shareholders as a whole.

REMUNERATION OF DIRECTORS

Shareholders are invited to authorise the Board to review and determine the remuneration of the Directors at the 2025 AGM.

RE-APPOINTMENT OF KPMG AS AUDITOR OF THE COMPANY AND ITS REMUNERATION

KPMG, the auditor of the Company, have offered itself for re-appointment for the year ending 31 December 2025. The Board supports the re-appointment. Shareholders should note that, in practice, the amount of auditor's remuneration for the year ending 31 December 2025 cannot be determined at the beginning of the financial year for the reason that auditor's remuneration for any given year varies with reference to, inter alia, the scope and extent of the audit work which is undertaken during that year. Shareholders will be asked to delegate the authority to the Directors to fix the auditor's remuneration for the year ending 31 December 2025 at the 2025 AGM.

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LETTER FROM THE BOARD

GENERAL MANDATE TO ISSUE SHARES

An ordinary resolution will be proposed at the 2025 AGM to seek Shareholders' approval to grant to the Directors a general unconditional mandate to allot, issue and deal with new Shares or securities convertible into Shares, including the entering into of any agreements or the granting of any options to do any of the foregoing, up to a limit of 20% of the total number of issued Shares as at the date of the resolution. As at 1 April 2025 (the "Latest Practicable Date", being the latest practicable date prior to the bulk printing of this circular for ascertaining certain information contained in this circular), the total number of issued Shares was 794,633,719 Shares. On the basis that no further Share is issued after the Latest Practicable Date and up to the date of the 2025 AGM, the Directors will be able to allot, issue and deal with up to a total of approximately 158,926,744 Shares.

Such mandate shall remain in effect from the date of the said resolution until (i) the conclusion of the next AGM; (ii) the expiration of the period within which the next AGM is required by any applicable law or by the Articles of Association to be held; or (iii) it is revoked or varied by an ordinary resolution of the Shareholders in a general meeting, whichever is the earliest.

2025 AGM

The resolutions to be proposed at the 2025 AGM are set out in full in the Notice.

Pursuant to Rule 13.39(4) of the Listing Rules, all votes at the 2025 AGM 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. After the conclusion of the 2025 AGM, an announcement of the poll results will be published on the respective websites of HKEXnews at www.hkexnews.hk and the Company at www.tradelink.com.hk. The results of the poll shall be deemed to be a resolution of the meeting at which the poll was demanded or required.

RECOMMENDATION

The Directors (including INEDs) are of the opinion that all the proposed resolutions are in the interests of the Company and the Shareholders as a whole and recommend that Shareholders vote in favour of all the resolutions to be proposed at the 2025 AGM.

Yours faithfully,

On behalf of the Board

Dr. LEE Harry Nai Shee, S.B.S., J.P.

Chairman

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APPENDIX I

The details (as required by the Listing Rules) of the persons who are eligible and offer themselves for re-election as Directors are as follows:

NED

Mr. YUEN Wing Sang Vincent

Mr. YUEN Wing Sang Vincent, aged 57, was appointed as a Director on 11 May 2018. He has 30 years of experience in the maritime industry. He started his career in Hongkong International Terminals Limited, a wholly-owned subsidiary of Hutchison Port Holdings Trust (“HPH Trust”, listed on the Main Board of Singapore Exchange with SGX Symbol: P7VU for SGD and NS8U for USD shares respectively), where he held a number of business development, commercial and management positions. Since 2012, Mr. YUEN has been a member of the HPH Trust Exco. As the Managing Director of Port Services and Logistics Division of HPHT Limited, a wholly-owned subsidiary of HPH Trust, Mr. YUEN leads both Hutchison Logistics (HK) and Asia Port Services that provides seamless total supply chain solution across sea, air and land networks from container depot, warehousing and distribution to freight handling, trucking and feeder service. Mr. YUEN has a Bachelor of Science degree in Geology and Geophysics from the University of Hawaii at Manoa and holds a Master of Science degree in Environmental Engineering from the Hong Kong University of Science and Technology. He is a chartered fellow of the Chartered Institute of Logistics and Transport in Hong Kong.

The Company entered into a service contract with Mr. YUEN for a term of three years commencing from 11 May 2018. The service contract can be terminated by the Company or Mr. YUEN by giving one month’s notice in writing or payment in lieu of notice. The service contract with Mr. YUEN was renewed for a term of three years with effect from 7 May 2021 and 24 May 2024 respectively. During the year, pursuant to the revised Remuneration Policy (the “Remuneration Policy”) of the Company, Mr. YUEN signed a confirmation letter with the Company regarding the revised fixed annual remuneration payable to Mr. YUEN, which shall be determined with reference to his role in the Board. Other than the said revised fixed annual remuneration, all other terms of Mr. YUEN’s existing service contract remain unchanged. Mr. YUEN is subject to rotational retirement and re-election requirement at the AGM pursuant to Article 96 of the Articles of Association and the Listing Rules or at such time as may be required by resolution of the Board. As a NED, Mr. YUEN received an emolument of HK$100,000 in aggregate for serving on the Board for the year ended 31 December 2024.

Save as disclosed above, as at the Latest Practicable Date, (i) Mr. YUEN did not hold any other positions with the Company or subsidiaries of the Company; (ii) Mr. YUEN had not held any other directorships in any other listed public companies in Hong Kong or overseas during the past three years preceding the Latest Practicable Date; (iii) Mr. YUEN did not have any other relationships with any Directors, senior management or substantial or controlling Shareholder(s); and (iv) Mr. YUEN did not have, and was not deemed to have, any other interests or short positions in the Shares, underlying Shares or debentures of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Cap. 571, Laws of Hong Kong) (the “SFO”). Mr. YUEN has confirmed that there are no other matters that need to be brought to the attention of Shareholders in connection with his re-election and there is no other information that should be disclosed pursuant to Rule 13.51(2) of the Listing Rules.

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APPENDIX I

ED

Mr. YUEN Man Chung, S.B.S., the Chief Executive Officer ("CEO")

Mr. YUEN Man Chung, S.B.S., aged 60, was appointed as the CEO-designate of the Company on 1 July 2024 and a Director on 1 September 2024 respectively and subsequently took over as the CEO on 1 October 2024. He is also a director of all the Company's subsidiaries.

Mr. YUEN joined the Administrative Service of the Government of the Hong Kong Special Administrative Region (the "Government") in 1985 after graduation from the University of Hong Kong. His last appointment with the Civil Service was the Commissioner for the Development of the Guangdong-Hong Kong-Macao Greater Bay Area from 2019 to 2023. Mr. YUEN represented the Government to serve on Tradelink's Board as an alternate director during 2001 to 2005.

On 8 April 2024, Mr. YUEN entered into an employment contract with the Company for a three-year term from 1 July 2024 to 30 June 2027 with the first three months to temporarily act as the CEO-designate before taking the full CEO role from 1 October 2024. The employment contract can be terminated by the Company or Mr. YUEN by giving three-month's written notice or payment in lieu of notice. Mr. YUEN shall be compensated with an annual emolument of approximately HK$7-8 million inclusive of salary, discretionary bonus, provident fund and other benefits subject to meeting certain performance criteria, which are determined with reference to his duties and responsibilities and are commensurate with prevailing market conditions. There is no service contract between the Company and Mr. YUEN for his appointment as an ED and a director of the Company's subsidiaries and associates, and he does not receive any emoluments from the Company for serving the same. As an ED, Mr. YUEN has no fixed term of service with the Company but is subject to rotational retirement and re-election requirement at the AGM pursuant to Article 96 of the Articles of Association and the Listing Rules or at such time as may be required by resolution of the Board. Mr. YUEN received an emolument of approximately HK$2,099,000 in aggregate for the year ended 31 December 2024.

Save as disclosed above, as at the Latest Practicable Date, (i) Mr. YUEN did not hold any other positions with the Company or subsidiaries of the Company; (ii) Mr. YUEN had not held any other directorships in any other listed public companies in Hong Kong or overseas during the past three years preceding the Latest Practicable Date; (iii) Mr. YUEN did not have any other relationships with any Directors, senior management or substantial or controlling Shareholder(s); and (iv) Mr. YUEN did not have, and was not deemed to have, any other interests or short positions in the Shares, underlying Shares or debentures of the Company within the meaning of Part XV of the SFO. Mr. YUEN has confirmed that there are no other matters that need to be brought to the attention of Shareholders in connection with his re-election and there is no other information that should be disclosed pursuant to Rule 13.51(2) of the Listing Rules.

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APPENDIX I

INED

Mr. CHAK Hubert, the chairman of the Investment Committee and a member of the Audit and Governance Committee

Mr. CHAK Hubert, aged 63, was appointed as a Director on 21 October 2002. Mr. CHAK is currently an Executive Director and the Chief Executive Officer of SF REIT Asset Management Limited (“SF REIT Manager”), the manager of SF Real Estate Investment Trust (listed on the Main Board of SEHK with stock code: 2191) and is also one of the Responsible Officers of SF REIT Manager.

Mr. CHAK joined Link Asset Management Limited, a wholly-owned subsidiary and the Manager of Link Real Estate Investment Trust (listed on the Main Board of SEHK with stock code: 823) in June 2010 and was its Director of Finance when he left in December 2018. Prior to that, he was an Executive Director of CSI Properties Limited (listed on the Main Board of SEHK with stock code: 497) from April 2007 to May 2010. He also held various senior management positions at Pacific Century Group between October 1999 and February 2007 and was an Executive Director of Pacific Century Premium Developments Limited (listed on the Main Board of SEHK with stock code: 432) from May 2004 to February 2007.

Mr. CHAK began his career with KPMG in Hong Kong and worked as an investment banker between 1990 and 1999. He holds a Master of Business Administration degree and a Bachelor of Science degree in Mechanical Engineering from University of Wales (now known as “Cardiff University”).

The Company entered into a service contract with Mr. CHAK for a term of three years commencing from 11 May 2018. The service contract can be terminated by the Company or Mr. CHAK by giving one month’s notice in writing or payment in lieu of notice. The service contract with Mr. CHAK was renewed for a term of three years with effect from 7 May 2021 and 24 May 2024 respectively. During the year, pursuant to the revised Remuneration Policy, Mr. CHAK signed a confirmation letter with the Company regarding the revised fixed annual remuneration payable to Mr. CHAK, which shall be determined with reference to his roles in the Board and respective Board Committees. Other than the said revised fixed annual remuneration, all other terms of Mr. CHAK’s existing service contract remain unchanged. Mr. CHAK is subject to rotational retirement and re-election requirement at the AGM pursuant to Article 96 of the Articles of Association and the Listing Rules or at such time as may be required by resolution of the Board. As an INED, Mr. CHAK received an emolument of approximately HK$338,000 in aggregate for serving on the Board, the Audit and Governance Committee and the Investment Committee of the Board for the year ended 31 December 2024.

As at the Latest Practicable Date, Mr. CHAK had personal interest in 100,000 underlying Shares in respect of share options granted by the Company to him as beneficial owner under the Company’s share option scheme.

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APPENDIX I

Save as disclosed above, as at the Latest Practicable Date, (i) Mr. CHAK did not hold any other positions with the Company or subsidiaries of the Company; (ii) Mr. CHAK had not held any other directorships in any other listed public companies in Hong Kong or overseas during the past three years preceding the Latest Practicable Date; (iii) Mr. CHAK did not have any other relationships with any Directors, senior management or substantial or controlling Shareholder(s); and (iv) Mr. CHAK did not have, and was not deemed to have, any other interests or short positions in the Shares, underlying Shares or debentures of the Company within the meaning of Part XV of the SFO. Mr. CHAK has confirmed his independence as regards the factors in Rule 3.13 of the Listing Rules and that there are no other factors that may affect his independence. Mr. CHAK has also confirmed that there are no other matters that need to be brought to the attention of Shareholders in connection with his re-election and there is no other information that should be disclosed pursuant to Rule 13.51(2) of the Listing Rules.

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NOTICE OF ANNUAL GENERAL MEETING

Tradelink Electronic Commerce Limited

貿易通電子貿易有限公司
(Incorporated in Hong Kong with limited liability)
(Stock Code: 536)

Notice is hereby given that the annual general meeting ("AGM") of Tradelink Electronic Commerce Limited (the "Company") will be held on Friday, 16 May 2025 at 2:00 p.m. ("2025 AGM") at Function Room A, Hotel COZi • Oasis, Tsuen Wan, 443 Castle Peak Road, Kwai Chung, Hong Kong for the purpose of considering and, if thought fit, passing, with or without modifications, the following resolutions as ordinary resolutions of the Company.

Unless otherwise defined, capitalised terms used herein shall have the same meanings as those defined in the circular of the Company dated 8 April 2025.

1. To receive and adopt the audited financial statements of the Group, the directors' report and the report of the auditor for the year ended 31 December 2024.
2. To declare a final dividend for the year ended 31 December 2024.
3. To re-elect the following retiring Directors:

(i) To re-elect Mr. YUEN Wing Sang Vincent as a Non-executive Director.
(ii) To re-elect Mr. YUEN Man Chung, S.B.S. as an Executive Director.

1. To re-elect Mr. CHAK Hubert (who has served more than nine years) as an Independent Non-executive Director.
2. To authorise the Board to fix the remuneration of Directors.
3. To re-appoint KPMG as auditor of the Company and to authorise the Board to fix its remuneration.

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NOTICE OF ANNUAL GENERAL MEETING

1. THAT a general unconditional mandate be given to the Directors to allot, issue and deal with new Shares or securities convertible into Shares in the unissued share capital of the Company, including the entering into of any agreements or the granting of any options to do any of the foregoing, provided that the total number of Shares allotted or agreed to be allotted by the Directors pursuant thereto, otherwise than pursuant to a rights issue, or any allotment of Shares in lieu of the whole or part of a dividend on Shares in accordance with the Articles of Association, shall not exceed 20% of the total number of issued Shares as at the date of this resolution and such mandate shall remain in effect until (i) the conclusion of the next AGM; (ii) the expiration of the period within which the next AGM is required by any applicable law or by the Articles of Association to be held; or (iii) it is revoked or varied by an ordinary resolution of the Shareholders in a general meeting, whichever is the earliest.

By Order of the Board
Tradelink Electronic Commerce Limited
Dr. LEE Harry Nai Shee, S.B.S., J.P.
Chairman

Hong Kong, 8 April 2025

Notes:

1. Any Shareholder entitled to attend and vote at the 2025 AGM is entitled to appoint one or more proxies to attend and, on a poll, vote in his/her stead. A proxy need not be a Shareholder.

2. Where there are joint registered holders of any Share, any one of such persons may vote at the 2025 AGM, either personally or by proxy, in respect of such Share as if he/she were solely entitled thereto; but if more than one of such joint holders be present at the 2025 AGM personally or by proxy, that one of the said persons so present whose name stands first on the register of members of the Company in respect of such Share shall alone be entitled to vote in respect thereof.

3. The form of proxy duly completed and signed in accordance with the instructions printed thereon and the power of attorney or other authority, if any, under which it is signed (or a notarially certified copy of such power of attorney or authority) must be deposited at the Company's share registrar, Computershare Hong Kong Investor Services Limited, at 17M Floor, Hopewell Centre, 183 Queen's Road East, Wan Chai, Hong Kong not less than 48 hours before the time appointed for the holding of the 2025 AGM (or any adjournment thereof), otherwise the form of proxy shall not be treated as valid. The completion and return of the form of proxy shall not preclude Shareholders from attending and voting in person at the 2025 AGM (or any adjournment thereof) should they so wish.

4. At the 2025 AGM, the Chairman of the meeting will put each of the above resolutions to the vote by way of a poll pursuant to Rule 13.39(4) of the Listing Rules.

5. The register of members of the Company will be closed from Tuesday, 13 May 2025 to Friday, 16 May 2025, both days inclusive, during which period no transfer of Shares will be registered to determine the Shareholders' entitlement to attend and vote at the 2025 AGM. The record date for determining the Shareholders' entitlement to attend and vote at the 2025 AGM is Friday, 16 May 2025. In order to qualify to attend and vote at the 2025 AGM, all duly completed transfer forms accompanied by the relevant share certificates must be lodged with the Company's share registrar, Computershare Hong Kong Investor Services Limited, at Shops 1712-1716, 17th Floor, Hopewell Centre, 183 Queen's Road East, Wan Chai, Hong Kong for registration, no later than 4:30 p.m. on Monday, 12 May 2025.

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NOTICE OF ANNUAL GENERAL MEETING

1. The register of members of the Company will be closed from Friday, 23 May 2025 to Tuesday, 27 May 2025, both days inclusive, during which period no transfer of Shares will be registered to determine the Shareholders’ entitlement to the final dividend. The record date for determining the Shareholders’ entitlement to the final dividend is Friday, 23 May 2025. In order to qualify for the final dividend, all duly completed transfer forms accompanied by the relevant share certificates must be lodged with the Company’s share registrar, Computershare Hong Kong Investor Services Limited, at Shops 1712-1716, 17th Floor, Hopewell Centre, 183 Queen’s Road East, Wan Chai, Hong Kong for registration, no later than 4:30 p.m. on Thursday, 22 May 2025.

2. Concerning resolutions 3(i), 3(ii) and 4 above, Mr. YUEN Wing Sang Vincent, Mr. YUEN Man Chung, S.B.S. and Mr. CHAK Hubert will retire as Directors at the 2025 AGM and, being eligible, have offered themselves for re-election. Details of the above Directors for re-election are set out in Appendix I to the circular of the Company dated 8 April 2025.

3. Concerning resolution 7 above, the Directors wish to state that they have no immediate plans to issue any new Shares. Approval is being sought from Shareholders as a general mandate for the purposes of Sections 140 and 141 of the Companies Ordinance (Cap. 622, Laws of Hong Kong) and the Listing Rules.

4. In the event of any inconsistency between the Chinese translation and the English text hereof, the English text shall prevail.

As at the date of this notice, the Board comprises

Non-executive Directors: Dr. LEE Harry Nai Shee, S.B.S., J.P. (Chairman), Dr. LEE Delman and Mr. YUEN Wing Sang Vincent;

Independent Non-executive Directors: Mr. CHAK Hubert, Mr. CHAU Tak Hay, Ms. CHEUNG Ho Ling Honnus and Mr. LIN Sun Mo Willy, G.B.S., J.P., FCILT; and

Executive Directors: Mr. YUEN Man Chung, S.B.S. and Mr. CHENG Chun Chung Andrew.