Disposal of an Industrial Building at HK$585 million

[For Immediate Release]

Disposal of an Industrial Building at HK$585 million

(Hong Kong, 20 October 2021) Emperor International Holdings Limited ("Emperor International" or the "Group") (Stock code: 163) today entered into a sale and purchase agreement with an independent purchaser regarding the disposal of Toppy Tower, located at Nos. 45-51, Kwok Shui Road, Kwai Chung, New Territories, Hong Kong (the "Property"), at a consideration of HK$585 million.

The Property is a 12-storey industrial building. The net proceeds (after the repayment of bank loan relevant to the Property) from the disposal is estimated at HK$468 million, which will be used for future business development of the Group and as general working capital. Such disposal is expected to be completed on 20 December 2021.

Mr. Donald Cheung, Executive Director of Emperor International, said, "The Property was acquired in 2014 at HK$418 million. Disposal at a premium approaching to 40% at the moment is a good opportunity for the Group to enjoy a reasonable return on its investment. This transaction will enhance the financial position of the Group and save up additional reserve for backing up investment opportunities in the future."

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About Emperor International Holdings Limited

Emperor International is an investment holding company, which is principally engaged in property investments and property development, and operates hospitality services via its subsidiary, Emperor Entertainment Hotel Limited (stock code: 296), possessing a property portfolio of over 6 million square feet in the Greater China and overseas. Under its tri-engine business model, Emperor International owns and manages investment properties in prime locations that generate solid income; developing residential projects to drive earnings visibility; and operating hospitality services with strong recurrent cash flow. With its management execution strengths and market insight, Emperor International aims to be a key property player in the Greater China. For more information, please visit its website: www.EmperorInt.com.