Great Eagle : GRANT OF OPTIONS

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.

(Stock Code: 41)

GRANT OF OPTIONS

The Board announces that on 18 March 2021, 4,990,000 Options were granted at an exercise price of HK$28.45 per Share, subject to acceptance of the grantees, under the Share Option Scheme of the Company. Among the 4,990,000 Options, 1,692,000 Options were granted to the Directors, Substantial Shareholder of the Company and their associates (as defined in the Listing Rules).

This announcement is made pursuant to Rule 17.06A of the Rules Governing the Listing of Securities (the "Listing Rules") on The Stock Exchange of Hong Kong Limited (the "Stock Exchange").

The board of directors (the "Board") of Great Eagle Holdings Limited (the "Company") announces that on 18 March 2021 (the "Date of Grant"), 4,990,000 share options (the "Option(s)") to subscribe for ordinary shares of HK$0.50 each (the "Share(s)") of the Company were granted, subject to acceptance of the grantees, under the Company's Share Option Scheme adopted on 22 May 2019. The details of the Options granted are set out below:

Date of Grant:

18 March 2021

Exercise price of Options granted:

Each Option shall entitle the holder of the Option to subscribe for one Share upon exercise of such Option at an exercise price of HK$28.45 per Share, being the higher of (i) the closing price of the Shares on the Date of Grant; (ii) the average closing price of the Shares as quoted on the Stock Exchange for the 5 business days immediately preceding the Date of Grant; and (iii) the nominal value of a Share

Number of Options granted:

4,990,000 Options

Closing price of the Shares on the Date of Grant:

HK$28.45 per Share

Validity period of the Options:

The Options are exercisable for a period of 36 months commencing on the expiry of 24 months after the date upon which the Option is deemed to be granted and accepted, and expiring on the last day of the 36 month-period

Among the 4,990,000 Options, 1,692,000 Options were granted to the Directors, Substantial Shareholder of the Company and their Associates (as defined in the Listing Rules) with details as follows:

Position held and Relationship

Name	with the Company	Number of Options
Lo Ka Shui	Chairman, Executive Director, Managing	612,000
Director and Substantial Shareholder
Lo Hong Sui, Antony	Executive Director	90,000
Law Wai Duen	Executive Director	90,000
Lo Chun Him, Alexander	Executive Director	207,000
Kan Tak Kwong	Executive Director and General Manager	360,000
Chu Shik Pui	Executive Director	297,000
Lo Chun Lai, Andrew	Vice President - Finance, Business	36,000
Strategy

The granting of the 1,692,000 Options to the Directors, Substantial Shareholder of the Company and their Associates (as defined in the Listing Rules) has been reviewed and approved by the Remuneration Committee comprising only the Independent Non-executive Directors of the Company.

By Order of the Board Great Eagle Holdings Limited WONG Mei Ling, Marina

Company Secretary

Hong Kong, 18 March 2021

As at the date of this announcement, the Board comprises Dr. LO Ka Shui (Chairman and Managing Director), Mr. LO Hong Sui, Antony, Madam LAW Wai Duen, Mr. LO Chun Him, Alexander, Mr. KAN Tak Kwong (General Manager) and Mr. CHU Shik Pui being the Executive Directors; Madam LO TO Lee Kwan, Mr. LO Hong Sui, Vincent and Dr. LO Ying Sui being the Non-executive Directors; and Mr. CHENG Hoi Chuen, Vincent, Professor WONG Yue Chim, Richard, Mrs. LEE Pui Ling, Angelina, Mr. LEE Siu Kwong, Ambrose and Professor POON Ka Yeung, Larry being the Independent Non-executive Directors.