Shimao: Inside information – Delay in the publication of unaudited 2021 annual results

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited assumes no responsibility for the content of this announcement, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss resulting from or in reliance on any or all of the contents of this announcement.

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 813)

INTERNAL INFORMATION

DELAY IN PUBLICATION OF UNAUDITED 2021 ANNUAL RESULTS

This announcement is made by Shimao Group Holdings Limited (the “Company“, as well as its subsidiaries, the “Group“) pursuant to Part XIVA of the Securities and Futures Ordinance (Cap 571 of the Laws of Hong Kong) and Rule 13.09(2)(a) of the Rules Governing the Listing of Securities (the “Registration rules“) on the Stock Exchange of Hong Kong Limited (the “stock Exchange“).

NON PUBLICATION OF UNAUDITED 2021 ANNUAL RESULTS

Reference is made to the Company’s announcement dated March 25, 2022.

The Board of Directors of the Company (the “Plank“) wishes to inform its shareholders and investors of the Company that the Company is unable to publish the unaudited annual results of the Group for the financial year ended December 31, 2021 to March 31, 2022, due to the last wave of COVID-19 outbreak which resulted in the lockdown of the Company’s head office office building in Shanghai, the quarantine of some Group personnel involved in the preparation process, and the delay in release from protective measures. control remains uncertain.

POSTPONEMENT OF THE BOARD OF DIRECTORS

As indicated in the Company’s announcement dated March 21, 2022, a meeting of the Board (the “Board meeting“) for the purposes of reviewing and approving the 2021 unaudited annual results was originally scheduled to be held on Thursday, March 31, 2022. As the Company will not publish the 2021 unaudited annual results, the Board meeting will be postponed .

The Company will make a new announcement to inform its stakeholders of the expected date of publication of the 2021 annual results. Trading in the Company’s shares on the Stock Exchange will be suspended from 9:00 a.m. quoting.

Holders of the Company’s securities and potential investors are urged to exercise caution when trading in the Company’s securities.

On behalf of the Council

Shimao Group Holdings Limited

Hui Sai Tan, Jason

Vice President and President

Hong Kong, March 31, 2022

As of the date of this announcement, the Board comprises five executive directors, namely, Mr. Hui Wing Mau (Chairman), Mr. Hui Sai Tan, Jason (Vice Chairman and Chairman), Ms. Tang Fei, Mr. Lu Yi and Mr. Xie Kun; one non-executive director, namely Mr. Ye Mingjie; and three independent non-executive directors, namely Ms. Kan Lai Kuen, Alice, Mr. Lyu Hong Bing and Mr. Lam Ching Kam.