Glorious Sun Enterprises : Proposed Amendment to Existing Bye-Laws

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.

This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for any securities of the Company.

GLORIOUS SUN ENTERPRISES LIMITED

旭日企業有限公司

(Incorporated in Bermuda with limited liability)

(Stock Code: 393)

PROPOSED AMENDMENT TO EXISTING BYE-LAWS

The Board announces that in line with the Company's objective to promote active participation in Board discussions, the Board proposes to amend the existing Bye-laws to increase the minimum number of Directors required to commence a Board meeting from two to three.

The proposed amendment to the existing Bye-laws is subject to the approval of the Shareholders by way of a special resolution at the AGM. A notice of the AGM and an explanatory statement containing among other things, particulars in relation to the proposed amendment to the Bye-laws will be despatched to the Shareholders on 15 April 2021.

DEFINITIONS

In this announcement, the following expressions shall (unless the context otherwise requires) have the following meanings:

"AGM"	the annual general meeting of the Company to be held on 2
	June 2021;
"Board"	the board of Directors;
"Bye-laws"	the Bye-laws of the Company;

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"Company"	Glorious Sun Enterprises Limited 旭日企業有限公司, an
	exempted company incorporated in Bermuda with limited
	liability, the shares of which are listed on the Main Board of
	The Stock Exchange of Hong Kong Limited;
"Directors"	directors of the Company; and
"Shareholder(s)"	holder(s) of ordinary share(s) of par value HK$0.10 each of the
	Company.

By Order of the Board

Glorious Sun Enterprises Limited

Hui Chung Shing, Herman, SBS, MH, JP

Director

Hong Kong, 14 April 2021

As at the date of this announcement, the directors of the Company are as follows:

Executive Directors:

Dr. Charles Yeung, GBS, JP, Mr. Yeung Chun Fan, Mr. Hui Chung Shing, Herman, SBS, MH, JP, Ms. Cheung Wai Yee and Ms. Yeung Yin Chi, Jennifer

Independent Non-executive Directors:

Mr. Lau Hon Chuen, Ambrose, GBS, JP, Dr. Chung Shui Ming, Timpson, GBS, JP, Dr. Chan Chung Bun, Bunny, GBS, JP and Mr. Ng Wing Ka, Jimmy, BBS, JP

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