IMPLICATIONS UNDER THE LISTING RULES Each of Metro Property and Metro-LKT is a subsidiary of Metro which is a substantial Shareholder, and is therefore an associate of Metro and a connected person of the Company under the Listing Rules. At the time of the entering into of the Secured Facility Agreement, as one or more of the applicable percentage ratios in relation to the Metro Loan exceed(s) 5%, on an aggregate basis, the entering into of the Secured Facility Agreement and the transactions contemplated thereunder constituted a connected transaction of the Company under Rule 14A.24 of the Listing Rules subject to the reporting, announcement and independent shareholders’ approval requirements under Chapter 14A of the Listing Rules, and subsequently were approved by the then independent Shareholders at the extraordinary general meeting of the Company held on 16 November 2018 in accordance with the relevant Listing Rules requirements. The note under Rule 14A.35 of the Listing Rules requires that if there is any material variation of the terms of the agreement in relation to a connected transaction, the listed issuer must announce this fact as soon as practicable and must, where applicable, comply with all other applicable provisions under the Listing Rules. Since the Variations of Terms constitute material variations of terms of the Secured Facility Agreement, the Supplemental Agreement and the transactions as contemplated thereunder will be subject to the reporting, announcement and the Independent Shareholders’ approval requirements under Chapter 14A of the Listing Rules. As at the date of this announcement, Xx. Xxx, a non-executive Director, is the Group Chief Executive Officer of Metro. In view of the interests of Xx. Xxx in the Metro Loan, the Secured Facility Agreement and thus the Supplemental Agreement and the transactions as contemplated thereunder, Xx. Xxx abstained from voting on the relevant Board resolutions. Save as disclosed above, none of the Directors has any material interest in the Supplemental Agreement and the transactions as contemplated thereunder and was required to abstain from voting on the relevant Board resolutions. As at the date of this announcement, Metro held 228,390,110 Shares, representing approximately 16.17% of the issued share capital of the Company. Metro, being a substantial Shareholder interested in the transactions contemplated under the Supplemental Agreement, and its associates will abstain from voting at the EGM. To the best knowledge, information and belief of the Directors, having made all reasonable enquiry, save as Metro and its associates, no Shareholder (or its associates) has any material interest in the transactions contemplated under the Supplemental Agreement.