Palace Banquet : CHANGE OF DATE OF ANNUAL GENERAL MEETING AND BOOK CLOSURE PERIOD

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.

PALACE BANQUET HOLDINGS LIMITED

首灃控股有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1703)

CHANGE OF DATE OF ANNUAL GENERAL MEETING

AND BOOK CLOSURE PERIOD

Reference is made to the annual results announcement of Palace Banquet Holdings Limited (the "Company") dated 26 June 2020 (the "Announcement") in relation to the annual general meeting of the Company. Unless otherwise defined, capitalized terms used in this announcement shall have the same meanings as those defined in the Announcement.

As disclosed in the Announcement, the forthcoming annual general meeting of the Company (the "AGM") was initially scheduled to be held at Unit 4, Level 13, Megabox, Enterprise Square Five, 38 Wang Chiu Road, Kowloon Bay, Kowloon at 10:00 a.m. on Thursday, 10 September 2020 and the register of members of the Company will be closed from Monday, 7 September 2020 to Thursday, 10 September 2020 (both days inclusive).

The Company would like to announce that the AGM will be held at Unit 4, Level 13, Megabox, Enterprise Square Five, 38 Wang Chiu Road, Kowloon Bay, Kowloon and re-scheduled to 10:00 a.m. on Monday, 28 September 2020. In this respect, the book closure period for determining the entitlement to attend and vote at the AGM as set out in the Announcement will be changed to the period from Wednesday, 23 September 2020 to Monday, 28 September 2020 (both days inclusive), during which period no transfer of Shares will be registered. In order to qualify for attending and voting at the AGM, all transfer of shares accompanied by the relevant share certificates must be lodged with the Company's Hong Kong branch share registrar, Tricor Investor Services Limited at Level 54, Hopewell Centre, 183 Queen's Road East, Hong Kong, for registration not later than 4:30 p.m. on Tuesday, 22 September 2020.

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The Notice of AGM will be published and despatched to the Shareholders in due course. Save as disclosed above, all other information in the Announcement remains the same.

By order of the Board

Palace Banquet Holdings Limited

Chan Shou Ming

Chairman

Hong Kong, 3 August 2020

As at the date of this announcement, the executive Directors are Mr. Chan Shou Ming, Ms. Chen Xiao Ping, Ms. Qian Chunlin and Mr. Tam Kar Wai; and the independent non-executive Directors are Mr. Chan Koon Yuen Windaus, Mr. Ng Kwok Tung and Mr. Yue Ming Wai Bonaventure.

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