(1) General Mandates to Issue and Buy Back Shares (2) Re-election of Retiring Directors and (3) Notice of Annual General Meeting

CONTENTS

Page

DEFINITIONS

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1

LETTER FROM THE BOARD . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3

1.

INTRODUCTION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3

2.

GENERAL MANDATES TO ISSUE AND BUY BACK SHARES . . . . . . . . . . . . . . . . . .

3

3.

RE-ELECTION OF RETIRING DIRECTORS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

5

4.

AGM

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. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

5

5.

PROXY ARRANGEMENT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

5

6.

VOTING BY POLL . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

6

7.

RESPONSIBILITY STATEMENT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

6

8.

RECOMMENDATION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

6

APPENDIX I

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EXPLANATORY STATEMENT FOR SHARE

BUY-BACK MANDATE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

7

APPENDIX II

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DETAILS OF RETIRING DIRECTORS WHO ARE

PROPOSED TO BE RE-ELECTED AT THE AGM . . . . . . . . . . . . . . . . . .

10

NOTICE OF AGM

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15

DEFINITIONS

''AGM''

the annual general meeting of the Company to be held at Unit D3,

8/F, TML Tower, No. 3 Hoi Shing Road, Tsuen Wan, New

Territories, Hong Kong on Wednesday, 29 May 2019 at 9:30 a.m.

or any adjournment thereof (as the case may be);

''AGM Notice''

notice convening the AGM as set out on pages 15 to 18 of this

circular;

''Articles''

the articles of association of the Company;

''Board''

the board of Directors;

''close associate(s)''

has the meaning ascribed to it under the Listing Rules;

''Company''

Ming Fai International Holdings Limited, a company incorporated

in the Cayman Islands with limited liability and the Shares of

which are listed on the Main Board of the Stock Exchange;

''core connected person(s)''

has the meanings ascribed to it under the Listing Rules;

''Director(s)''

the director(s) of the Company;

''Group''

the Company and its subsidiaries;

''HK$''

Hong Kong dollars, the lawful currency of Hong Kong;

''Hong Kong''

the Hong Kong Special Administrative Region of the People's

Republic of China;

''Latest Practicable Date''

17 April 2019, being the latest practicable date prior to the

printing of this circular for ascertaining certain information

contained herein;

''Listing Rules''

the Rules Governing the Listing of Securities on the Stock

Exchange;

''SFO''

the Securities and Futures Ordinance (Chapter 571 of the Laws of

Hong Kong), as amended from time to time;

''Share(s)''

ordinary share(s) of HK$0.01 each in the capital of the Company

(or of such nominal amount as shall result from a sub-division,

consolidation, reclassification or reconstruction of the share

capital of the Company from time to time);

DEFINITIONS

''Share Issue Mandate''

the proposed general mandate to be granted to the Directors to

allot, issue and deal with Shares not exceeding 20% of the total

number of issued Shares as at the date of passing of the relevant

resolution granting such mandate provided that the Directors shall

only be authorised to allot, issue and deal with Shares not

exceeding 10% of the total number of issued Shares as at the date

of passing of the relevant resolution granting such mandate in the

case of an allotment and issue of Shares for cash;

''Share Buy-back Mandate''

the proposed general mandate to be granted to the Directors to

permit the buy-back of Shares not exceeding 10% of the total

number of issued Shares as at the date of passing of the relevant

resolution granting such mandate;

''Shareholder(s)''

holder(s) of the Share(s);

''Stock Exchange''

The Stock Exchange of Hong Kong Limited;

''Takeovers Code''

the Codes on Takeovers and Mergers and Share Buy-backs, as

amended, supplemented or otherwise modified from time to time;

and

''%''

per cent.

Executive Directors:

Registered office:

Mr. CHING Chi Fai (Chairman)

P.O. Box 309GT

Mr. CHING Chi Keung

Ugland House

Mr. LIU Zigang

South Church Street

Mr. CHING Tsun Wah

George Town, Grand Cayman

Mr. KEUNG Kwok Hung

Cayman Islands

Non-Executive Director:

Head office and principal place

Ms. CHAN Yim Ching

of business in Hong Kong:

Unit D3, 8/F

Independent Non-Executive Directors:

TML Tower

Mr. HUNG Kam Hung Allan

No. 3 Hoi Shing Road

Mr. MA Chun Fung Horace

Tsuen Wan, New Territories

Mr. NG Bo Kwong

Hong Kong

Mr. SUN Yung Tson Eric

25 April 2019

To the Shareholders