MH Development : Form of Proxy for use by shareholders at the Annual General Meeting (or any adjournment thereof)

MH Development Limited 美 好 發 展 集 團 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 2662)

Form of Proxy for use by shareholders at the Annual General Meeting (or any adjournment thereof)

I/We (Note 1),

of being the registered holder(s) ofordinary shares (Note 2) of HK$0.1 each in the share capital of

MH Development Limited (the ''Company''), HEREBY APPOINT (Note 3), of

or failing him, the Chairman of the meeting to act as my/our proxy to attend and vote for me/us and on my/our behalf at the Annual General Meeting (or at any adjournment thereof) of the Company to be held at Main Conference Room, Basement 1/F., Building 28-29, 383 Zizhu Road, Pudong New District, Shanghai, China on Tuesday, 30 March 2021 at 2:00 p.m. for the purpose of considering and, if thought fit, passing the resolutions set out in the notice convening the said meeting (or any adjournment thereof) to vote for me/us in my/our name(s) in respect of the said resolutions as indicated below, or if no such indication is given, as my/our proxy thinks fit.

ORDINARY RESOLUTIONS

• 1. To receive and consider the audited consolidated financial statements and the reports of the directors of the Company (the ''Directors'') and the Company's auditor for the years ended

• 30 June 2019 and 2020.

• 2. To re-elect Ms. Liu Hui as an executive Director.

• 3. To re-elect Mr. Guo Ben as an executive Director.

• 4. To re-elect Mr. Shen Yang as an executive Director.

• 5. To authorise the board of Directors (the ''Board'') to fix the Director's remuneration.

• 6. To re-appoint Zhonghui Anda CPA Limited as the independent auditor of the Company and to authorise the Board to fix its remuneration.

• 7A* To grant a general mandate to the Directors to issue additional shares (Resolution A set out in item 7 of the Notice of Annual General Meeting).

• 7B* To grant a general mandate to the Directors to repurchase issued shares (Resolution B set out in item 7 of the Notice of Annual General Meeting).

• 7C* To extend the general mandate granted to the Directors to cover the shares repurchased by the Company (Resolution C set out in item 7 of the Notice of Annual General Meeting).

SPECIAL RESOLUTION

FOR (Note 4)

8.

To approve the proposed amendments to the existing articles of association of the Company and to adopt the amended and restated articles of association of the Company.

*Full text of the resolutions are set out in the notice of the annual general meeting of the Company dated 1 March 2021.

Date this

day of

2021

Signature(s)

Notes:

• 1. Full name(s) and address(es) to be inserted in BLOCK CAPITALS. The names of all joint holders should be stated.

• 2. Please insert the number of shares registered in your name(s). If no number is inserted, this form of proxy will be deemed to relate to all the shares of the Company registered in your name(s).

• 3. Insert in BLOCK CAPITALS the names and address of proxy desired in the space provided. IF NO NAME IS INSERTED, THE CHAIRMAN OF THE MEETING WILL ACT AS YOUR PROXY. Any member entitled to attend to and vote at the meeting shall be entitled to appoint another person as his proxy to attend and vote instead of him. A proxy need not be a member of the Company. Any alteration made to this form of proxy must be initialed by the person who signs it.

• 4. IMPORTANT: IF YOU WISH TO VOTE FOR THE RESOLUTION, TICK IN THE BOX MARKED ''FOR''. IF YOU WISH TO VOTE AGAINST THE RESOLUTION, TICK IN THE BOX MARKED ''AGAINST''. Failure to complete the box will entitle your proxy to cast your vote at his/her discretion. Your proxy will also be entitled to vote at his discretion on any resolution properly put to the meeting other than those referred to in the notice convening the meeting.

• 5. This form of proxy must be signed by you or your attorney duly authorised in writing or, in the case of a corporation, must be signed under the hand of an officer duly authorised on that behalf together with a company chop.

• 6. In the case of joint holders the vote of the senior who tends a vote, whether in person or by proxy, will be accepted to the exclusion of the votes or the other joint holder(s), and for this purpose seniority will be determined by the order in which the names stand in the register of members.

• 7. To be valid, this form of proxy, together with the power of attorney or other authority (if any) under which it is signed or a certified copy of such or authority, must be deposited at Boardroom Share Registrars (HK) Limited on 2103B, 21/F, 148 Electric Road, North Point, Hong Kong not less than 48 hours before the time appointed for the holding of the meeting or any adjourned meeting.

• 8. Any alterations made on this form should be initialed.

• 9. Completion and delivery of the form of proxy will not preclude you from attending and voting at the meeting if you so wish.

PERSONAL INFORMATION COLLECTION STATEMENT

Your supply of your and your proxy's (or proxies') name(s) and address(es) is on a voluntary basis for the purpose of processing your request for the appointment of a proxy (or proxies) and your voting instructions for the annual general meeting (the ''Purposes''). We may transfer your and your proxy's (or proxies') name(s) and address(es) to our agent, contractor, or third party service provider who provides administrative, computer and other services to us for use in connection with the Purposes and to such parties who are authorised by law to request the information or are otherwise relevant for the Purposes and need to receive the information. Your and your proxy's (or proxies') name(s) and address(es) will be retained for such period as may be necessary to fulfil the Purposes. Request for access to and/or correction of the relevant personal data can be made in accordance with the provisions of the Personal Data (Privacy) Ordinance and any such request should be in writing by mail to Boardroom Share Registrars (HK) Limited at the above address.