Joint Announcement: Unaudited Interim Results of eSun Holdings Limited and Lai Fung Holdings Limited for the Six Months Ended 31 January 2021

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this joint 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 joint announcement.

Joint Announcement Unaudited Interim Results of eSun Holdings Limited and

Lai Fung Holdings Limited for the Six Months Ended 31 January 2021

The board of directors ("Board") of each of Lai Sun Garment (International) Limited ("LSG") and Lai Sun Development Company Limited ("LSD", a 56.13%-owned subsidiary of LSG) refers to the unaudited interim results of eSun Holdings Limited ("eSun", a 74.62%-owned subsidiary of LSD) and Lai Fung Holdings Limited ("Lai Fung", a 54.56%-owned subsidiary of LSD) for the six months ended 31 January 2021 ("Financial Period") announced by eSun and Lai Fung on 23 March 2021 ("eSun Results Announcement" and "Lai Fung Results Announcement"). The issued shares of eSun and Lai Fung are listed and traded on the Main Board of The Stock Exchange of Hong Kong Limited ("Stock Exchange") (Stock Code: 571 and 1125).

In the eSun Results Announcement, eSun reported that among other matters, no dividend had been declared by its board of directors in respect of the Financial Period and it recorded the following unaudited results for the Financial Period:

• - Consolidated turnover of approximately HK$284,122,000

• - Consolidated loss attributable to owners of eSun of approximately HK$75,741,000

• - Basic and diluted loss per share attributable to owners of eSun of approximately HK$0.051

In the Lai Fung Results Announcement, Lai Fung reported that among other matters, no dividend had been declared by its board of directors in respect of the Financial Period and it recorded the following unaudited results for the Financial Period:

• - Consolidated turnover of approximately HK$1,554,721,000

• - Consolidated loss attributable to owners of Lai Fung of approximately HK$446,124,000

• - Basic and diluted loss per share attributable to owners of Lai Fung of approximately HK$1.348

The eSun Results Announcement and the Lai Fung Results Announcement are available on the respective websites of eSun atwww.esun.comand Lai Fung at www.laifung.com, and the Stock Exchange atwww.hkexnews.hk.

By Order of the Board	By Order of the Board
Lai Sun Garment (International) Limited	Lai Sun Development Company Limited
Chew Fook Aun	Chew Fook Aun
Executive Director and Deputy Chairman	Executive Director and Deputy Chairman
Hong Kong, 23 March 2021
As at the date of this joint announcement,

(a) the Board of LSG comprises five executive directors, namely Dr. Lam Kin Ngok, Peter (Chairman),

Mr. Chew Fook Aun (Deputy Chairman), Madam U Po Chu, Mr. Lam Kin Hong, Matthew and Mr. Lam Hau Yin, Lester (also alternate to Madam U Po Chu); and three independent non-executive directors, namely Messrs. Leung Shu Yin, William, Lam Bing Kwan and Chow Bing Chiu; and

(b)the Board of LSD comprises five executive directors, namely Dr. Lam Kin Ngok, Peter (Chairman) and Messrs. Chew Fook Aun (Deputy Chairman), Lau Shu Yan, Julius (Chief Executive Officer), Lam Hau Yin, Lester (also alternate to Madam U Po Chu) and Tham Seng Yum, Ronald; one non-executive director, namely Madam U Po Chu; and four independent non-executive directors, namely Messrs. Lam Bing Kwan,

Leung Shu Yin, William, Ip Shu Kwan, Stephen and Leung Wang Ching, Clarence.