ENM : Inside Information - Further Update on the Rezoning Application

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ENM HOLDINGS LIMITED 安寧控股有限公司

(Incorporated in Hong Kong with limited liability)

(Stock Code: 00128)

INSIDE INFORMATION

FURTHER UPDATE ON THE REZONING APPLICATION

This announcement is made pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Inside Information Provisions (as defined under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571, Laws of Hong Kong) (the "SFO").

Reference is made to the announcement of the Company dated 19 January 2018 in respect of the Rezoning Application, the announcement of the Company dated 1 September 2020 in respect of the Rezoning Partial Approval and the announcement of the Company dated 18 September 2020 in respect of the Further Update on the Rezoning Application (collectively the "Announcements"). Unless otherwise specified, capitalised terms used herein have the same meanings as those defined in the Announcements.

The Board is pleased to provide a further update on the Rezoning Approval in that the Town Planning Board today gazetted the amendments to the approved Tsuen Wan Outline Zoning Plan (OZP) No. S/TW/33 (the "Amendments"). The Amendments include the rezoning of the Company's Application Site at Hilltop Road from "Other Specified Uses" annotated "Sports and Recreation Club" to "Residential (Group B) 8" with stipulation of a maximum gross floor area of 49,300m2 and a maximum building height of 205mPD, 200mPD and 194mPD respectively on three different platforms, and designation of a non-building area. The draft Tsuen Wan OZP No. S/TW/34 ("Draft Tsuen Wan OZP No. S/TW/34") incorporating the Amendments is exhibited under Section 5 of the Town Planning Ordinance (Chapter 131, Laws of Hong Kong) for public inspection and representation for a period of two months from 26 February 2021 to 26 April 2021.

Attention is drawn to the fact that there remain further steps required by the Company and approval in due course by the Chief Executive in Council in respect of Draft Tsuen Wan OZP No. S/TW/34 before the Company will be able to develop the site as a residential site.

As at the date of this announcement, the Company has not entered into any definitive agreements or commitments in relation to the Rezoning Approval that are discloseable under the Listing Rules and the SFO.

The Company will make such further announcements as and when necessary under the Listing Rules and the SFO.

The shareholders and potential investors of the Company are advised to exercise caution when dealing in the shares of the Company.

By order of the Board

David Parker

Executive Director and Chief Executive Officer

Hong Kong, 26 February 2021

As at the date of this announcement, the Executive Director is Mr. David Charles PARKER (Chief Executive Officer), the Non-executive Directors are Mr. Derek Wai Choi LEUNG (Non-executive Chairman) and Mr. Hing Lun Dennis AU, and the Independent Non-executive Directors are Mr. Kin Wing CHEUNG, Mr. Kiu Sang Baldwin LEE, Mr. Ted Tak Tai LEE and Ms. Sarah Young O'DONNELL.