Shun Ho : Join Announcement - Appointment of Executive Directors

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.

MAGNIFICENT HOTEL	SHUN HO PROPERTY	SHUN HO HOLDINGS
INVESTMENTS LIMITED	INVESTMENTS LIMITED	LIMITED
(incorporated in Hong Kong	(incorporated in Hong Kong	(incorporated in Hong Kong
with limited liability)	with limited liability)	with limited liability)
(Stock Code: 201)	(Stock Code: 219)	(Stock Code: 253)
JOINT ANNOUNCEMENT

APPOINTMENT OF EXECUTIVE DIRECTOR

The board of directors (the "Board") of Magnificent Hotel Investments Limited, Shun Ho Property Investments Limited and Shun Ho Holdings Limited (collectively the "Companies") are pleased to announce that the appointment of Ms. Jennie WONG Kwai Fong ("Ms. WONG") as an executive director of the Companies with effect from 22 January 2018.

The biographical details of Ms. WONG is as follows:-

Ms. WONG, aged 55, is a fellow member of both the Hong Kong Institute of Chartered Secretaries and the Institute of Chartered Secretaries and Administrators in England. She has extensive experience in company secretarial work in listed public company. She was employed in an audit firm for 2 years and was employed in The Stock Exchange of Hong Kong Limited for 1 year. She has over 30 years of experience in the company secretarial work including more than 20 years with the Companies.

Save as disclosed above, Ms. WONG did not hold any directorship in other listed public companies in the last three years. She is an Assistant Company Secretary of the Companies. Save as aforesaid, she did not hold any position with other members of the Companies and their subsidiaries.

There is no service contract between Ms. WONG and the Companies. She has no fixed term of service with the Companies and she will be subject to rotational retirement and re-election requirements at annual general meeting of the Companies pursuant to the articles of association of the Companies. The director's fee payable to Ms. WONG as an executive director is determined by the shareholders of the Companies at the annual general meeting. It was proposed that Ms. WONG will not receive director's fee and Ms. WONG's emolument was HK$729,000 per annum which was determined with reference to her duties and responsibilities with the Companies and the recommendation made by the remuneration committee of theCompanies. Save as disclosed above, Ms. WONG is and was not connected with any directors, senior management or substantial or controlling Shareholders of the Companies. As at the date of this announcement, Ms. WONG beneficially holds 6,425 shares in Magnificent Hotel Investments Limited, 6,000 shares in Shun Ho Property Investments Limited and 8,100 shares in Shun Ho Holdings Limited.

Save as disclosed above, the Board is not aware of any other matter relating to the aforesaid appointment that needs to be brought to the attention of the shareholders of the Companies and any other information that should be disclosed pursuant to Rule 13.51(2)(h) to (v) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

The Board would like to take this opportunity to extend a warm welcome to Ms. WONG in joining the Board of the Companies.

By order of the Board	By order of the Board	By order of the Board
MAGNIFICENT HOTEL	SHUN HO PROPERTY	SHUN HO HOLDINGS
INVESTMENTS LIMITED	INVESTMENTS LIMITED	LIMITED
William CHENG Kai Man	William CHENG Kai Man	William CHENG Kai Man
Chairman	Chairman	Chairman
Hong Kong, 22 January 2018

As at the date of this announcement, the Board of Magnificent Hotel Investments Limited comprises nine Directors, of which five are Executive Directors, namely Mr. William Cheng Kai Man, Mr. Albert Hui Wing Ho, Madam Kimmy Lau Kam May, Madam Ng Yuet Ying and Madam Jennie Wong Kwai Fong, one is Non-executive Director, namely Madam Mabel Lui Fung Mei Yee, and three are Independent Non-executive Directors, namely Mr. Vincent Kwok Chi Sun, Mr. Chan Kim Fai and Mr. Lam Kwai Cheung.

As at the date of this announcement, each of the Boards of Shun Ho Property Investments Limited and Shun Ho Holdings Limited comprise eignt Directors, of which four are Executive Directors, namely Mr. William Cheng Kai Man, Mr. Albert Hui Wing Ho, Madam Kimmy Lau Kam May and Madam Jennie Wong Kwai Fong, one is Non-executive Director, namely Madam Mabel Lui Fung Mei Yee, and three are Independent Non-executive Directors, namely Mr. Vincent Kwok Chi Sun, Mr. Chan Kim Fai and Mr. Lam Kwai Cheung.