G & M : CLARIFICATION ANNOUNCEMENT - GRANT OF SHARE OPTIONS

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.

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 6038)

CLARIFICATION ANNOUNCEMENT

GRANT OF SHARE OPTIONS

Reference is made to the announcement (the "Announcement") of G & M Holdings Limited (the "Company") dated 16 April 2021 in relation to the grant of options to subscribe for shares in the Company. Unless otherwise defined herein, capitalised terms used in this announcement shall have the same meanings as defined in the Announcement.

The Board would like to clarify that, none of the Grantee(s) is a Director, chief executive or substantial shareholder of the Company or an associate (as defined in the Listing Rules) of any of them; no Directors was required to abstain from voting on the Board resolution for the grant of the Options.

Save as disclosed above, all other information and content set out in the Announcement remain unchanged. This supplemental announcement is supplemental to and should be read in conjunction with the Announcement.

By order of the Board

G & M Holdings Limited

Lee Chi Hung

Chairman and Executive Director

Hong Kong, 19 April 2021

As at the date of this announcement, the Board comprises Mr. Lee Chi Hung and Ms. Lam Suk Yee, Patricia as executive Directors; Mr. Leung Ping Kwan as non-executive Director; and Professor Wong Roderick Sue Cheun, Mr. Tai Kwok Leung Alexander and Mr. Kwan Cheuk Kui as independent non- executive Directors.