MH Development : REVIEW REQUEST OF THE DECISION OF THE LISTING COMMITTEE FOR THE CANCELLATION OF LISTING

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

MH Development Limited

美 好 發 展 集 團 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 2662)

REVIEW REQUEST OF THE DECISION OF

THE LISTING COMMITTEE

FOR THE CANCELLATION OF LISTING

Financial Adviser

This announcement is made by MH Development Limited (the ''Company'') pursuant to Rules 13.09(2)(a) and 13.24A of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

Reference is made to the Company's announcement dated 26 April 2021 in relation to the Delisting Decision (the ''Announcement''). Unless otherwise defined, capitalised terms used herein shall have the same meanings as defined in the Announcement.

REVIEW REQUEST OF THE DELISTING DECISION

After seeking professional advice and due consideration, on 3 May 2021, the Company has made a formal request to review the Delisting Decision by the Listing Review Committee pursuant to Chapter 2B of the Listing Rules.

Further announcement(s) in relation to material development of the aforementioned matters will be made by the Company as and when appropriate.

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CONTINUED SUSPENSION OF TRADING

At the request of the Company, trading in shares of the Company on the Stock Exchange was halted with effect from 9:00 a.m. on 19 July 2019 and will remain suspended until further notice.

Shareholders and prospective investors of the Company are advised to exercise caution when dealing in the Shares.

By Order of the Board of Directors

MH Development Limited

Shen Yang

Executive Director

Hong Kong, 3 May 2021

As at the date of this announcement, the Board comprises Ms. Liu Hui, Mr. Guo Ben and Mr. Shen Yang as the executive Directors and Mr. Ross Yu Limjoco, Mr. Zheng Yilei and Dr. Zhang Fan as the independent non-executive Directors.

The Directors jointly and severally accept full responsibility for the accuracy of the information contained in this announcement and confirm, having made all reasonable enquiries, that to the best of their knowledge, opinions expressed in this announcement have been arrived at after due and careful consideration and there are no other facts not contained in this announcement, the omission of which would make any statement in this announcement misleading.

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