Leeport : (1) PROPOSED GRANTING OF GENERAL MANDATES TO ISSUE SHARES AND TO REPURCHASE SHARES, (2) INFORMATION ON THE RETIRING DIRECTORS TO BE RE-ELECTED AT THE 2021 ANNUAL GENERAL MEETING AND (3) NOTICE OF ANNUAL GENERAL MEETING

IMPORTANT

If you are in any doubt about this circular or as to the action to be taken, you should consult your stockbroker, bank manager, solicitor, professional accountant or other professional adviser.

If you have sold or transferred all your shares in Leeport (Holdings) Limited, you should at once hand this circular to the purchaser or transferee or to the bank, stockbroker or other agent through whom the sale was effected for transmission to the purchaser.

Hong Kong Exchanges and Clearing Limited and the Stock Exchange of Hong Kong Limited (the "Stock Exchange") take no responsibility for the contents of this circular, 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 circular.

(incorporated in Bermuda with limited liability)

(Stock Code: 387)

1. 1. PROPOSED GRANTING OF GENERAL MANDATES TO ISSUE SHARES AND TO
      REPURCHASE SHARES,
2. INFORMATION ON THE RETIRING DIRECTORS TO BE RE-ELECTED AT THE 2021 ANNUAL GENERAL MEETING

AND

(3) NOTICE OF ANNUAL GENERAL MEETING

A letter from the board of directors of the Company is set out on page 3 to 7 of this circular. A notice convening the annual general meeting (the "2021 Annual General Meeting") of the Company to be held at 1st Floor, Block 1 Golden Dragon Industrial Centre, 152-160 Tai Lin Pai Road, Kwai Chung, New Territories, Hong Kong on Tuesday, 29 June 2021 at 10:30 a.m. is set out in this circular.

A form of proxy for the 2021 Annual General Meeting is also enclosed with this Circular. Whether or not you desire to attend the 2021 Annual General Meeting, you are requested to complete the form of proxy and return the same to the Company's branch share registrar in Hong Kong, Tricor Investor Services Limited at Level 54, Hopewell Centre, 183 Queen's Road East, Hong Kong in accordance with the instructions printed thereon not less than 48 hours before the time appointed for the 2021 Annual General Meeting or any adjournment thereof. Completion and delivery of the form of proxy will not preclude you from subsequently attending and voting at the 2021 Annual General Meeting or any adjournment thereof if you so wish.

* For identification purposes only

28 April 2021

	CONTENTS
		Page
DEFINITIONS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	1
LETTER FROM THE BOARD OF DIRECTORS
1.	Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	3
2.	The Issue Mandate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	4
3.	The Repurchase Mandate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	4

4. Information of the Retiring Directors to be Re-elected

	at the 2021 Annual General Meeting . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	5
5.	Responsibility Statement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	6
6.	Action to be Taken . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	6
7.	Recommendation	. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	7
APPENDIX I −	EXPLANATORY STATEMENT . . . . . . . . . . . . . . . . . . . . . .	8
NOTICE OF 2021 ANNUAL GENERAL MEETING . . . . . . . . . . . . . . . . . . . . . . . . .	12

- i -

DEFINITIONS

In this circular, unless the context otherwise requires, the following expressions have the

following meanings:

"2021 Annual General Meeting"	the annual general meeting of the Company to be held
	at 10:30 a.m. on Tuesday, 29 June 2021 at 1st Floor,
	Block 1 Golden Dragon Industrial Centre, 152-160 Tai
	Lin Pai Road, Kwai Chung, New Territories, Hong
	Kong and the notice of which is set out in this circular
"associate"	has the meaning ascribed thereto in the Listing Rules
"Board" or "Directors"	the board of directors of the Company
"Business Day"	has the meaning ascribed thereto in the Listing Rules
"Companies Act"	the Companies Act 1981 of Bermuda
"Company"	Leeport (Holdings) Limited, a company incorporated
	under the laws of Bermuda with limited liability and
	the Shares of which are listed on the Stock Exchange
"Connected person"	has the same meaning as defined in the Listing Rules
"Group"	the Company and its subsidiaries
"holding company"	has the same meaning ascribed thereto in the Listing
	Rules, whether incorporated in Hong Kong or
	elsewhere
"Hong Kong"	the Hong Kong Special Administrative Region of the
	People's Republic of China
"HK$"	Hong Kong dollars, the lawful currency of Hong
	Kong
"INED"	Independent non-executive director
"Issue Mandate"	the general and unconditional mandate proposed to
	be granted to Directors to allot, issue and deal with
	new Shares not exceeding 20% of the aggregate
	nominal amount of the issued share capital of the
	Company as at the date of passing of the relevant
	resolution, as set out in the notice of the 2021 Annual
	General Meeting, which is also proposed to be
	extended by the addition of the number of Shares
	purchased under the Repurchase Mandate

- 1 -

	DEFINITIONS
"Latest Practicable Date"	22 April 2021, being the latest practicable date before
	the printing of this circular for ascertaining certain
	information for the purpose of inclusion in this
	circular
"Listing Rules"	The Rules Governing the Listing of Securities on the
	Stock Exchange
"Repurchase Mandate"	the general and unconditional mandate proposed to
	be granted to Directors to exercise the power of the
	Company to repurchase Shares not exceeding 10% of
	the aggregate nominal amount of the issued share
	capital of the Company as at the date of passing of the
	relevant resolution, as set out in the notice of the 2021
	Annual General Meeting
"SFO"	Securities and Futures Ordinance (Chapter 571 of the
	laws of Hong Kong)
"Shareholder(s)"	holder(s) for the time being of the Share(s)
"Share(s)"	share(s) of nominal value of HK$0.10 each in the
	capital of the Company
"Stock Exchange"	The Stock Exchange of Hong Kong Limited
"Takeovers Code"	Hong Kong Code on Takeovers and Mergers
"%"	per cent.

- 2 -

LETTER FROM THE BOARD OF DIRECTORS

(incorporated in Bermuda with limited liability)

(Stock Code: 387)

Executive Directors:	Registered office:
LEE Sou Leung, Joseph (Chairman)	Clarendon House
CHAN Ching Huen, Stanley	2 Church Street
	Hamilton HM 11
Independent Non-Executive Directors:	Bermuda
ZAVATTI Samuel
FUNG Wai Hing	Principal Place of Business:
WONG Tat Cheong, Frederick	1st Floor, Block 1
	Golden Dragon Industrial Centre
	152-160 Tai Lin Pai Road
	Kwai Chung
	New Territories
	Hong Kong
	28 April 2021
To the Shareholders
Dear Sir/Madam,

1. 1. PROPOSED GRANTING OF GENERAL MANDATES TO ISSUE SHARES AND TO
      REPURCHASE SHARES,
2. INFORMATION ON THE RETIRING DIRECTORS TO BE RE-ELECTED AT THE 2021 ANNUAL GENERAL MEETING

AND

1. NOTICE OF ANNUAL GENERAL MEETING

1. INTRODUCTION

The Company's existing general mandates to issue shares and to repurchase shares

were approved by the Company in the annual general meeting held on 30 June 2020. Unless otherwise renewed, the existing general mandates to issue shares and to repurchase shares will lapse at the conclusion of the 2021 Annual General Meeting.

• For identification purposes only

- 3 -

LETTER FROM THE BOARD OF DIRECTORS

In order to ensure flexibility when it is desirable to allot additional shares or to repurchase shares, the Directors will seek the approval of Shareholders to grant new general mandates to issue shares and to repurchase shares at the 2021 Annual General Meeting.

The purpose of this circular is to, inter alia, provide you with information on the proposed renewal of the general mandates to issue shares and to repurchase shares and on the retiring directors to be re-elected at the 2021 Annual General Meeting, so as to seek your approval of the related ordinary resolutions at the aforesaid meeting.

2. THE ISSUE MANDATE

Two ordinary resolutions, as set out in the notice of the 2021 Annual General Meeting, will be proposed for the following purposes:-

Ordinary resolution no. 5 - to grant to the Directors a general mandate to issue new shares up to a maximum of 20% of the aggregate nominal amount of the issued share capital of the Company as at the date of passing of the resolution; and

Ordinary resolution no. 7 - to increase the aggregate nominal amount of share capital of the Company which the Directors may issue under the general mandate if given in the Ordinary Resolution no. 5 by the aggregate nominal amount of share capital of the Company repurchased under the general mandate if given in the ordinary resolution no. 6.

The Company has in issue an aggregate of 230,076,062 Shares of HK$0.10 each as at the Latest Practicable Date. Subject to the passing of the aforesaid ordinary resolution no. 5 and in accordance with the terms therein, the Company would be allowed to issue additional shares up to the aggregate nominal amount of a maximum of 46,015,212 shares on the basis that no further shares will be issued or repurchased prior to the 2021 Annual General Meeting.

3. THE REPURCHASE MANDATE

The ordinary resolution no. 6 as set out in the notice of the 2021 Annual General Meeting, will be proposed to grant to the Directors a general mandate to exercise the powers of the Company to repurchase the Company's fully paid up Shares representing up to a maximum of 10% of the aggregate nominal amount of the issued share capital of the Company as at the date of passing of the resolution.

The Listing Rules contain provisions to regulate the repurchase by companies with primary listings on the Stock Exchange of their own securities on the Stock Exchange.

In accordance with the Listing Rules, the appendix to this circular serves as the explanatory statement, to provide you with the requisite information reasonably necessary to enable you to make an informed decision on whether to vote for or against the ordinary resolutions for granting of the Repurchase Mandate.

- 4 -

LETTER FROM THE BOARD OF DIRECTORS

4. INFORMATION OF THE RETIRING DIRECTORS TO BE RE-ELECTED AT THE 2021 ANNUAL GENERAL MEETING

Mr. Fung Wai Hing ("Mr. Fung"), aged 68, was appointed as an INED since 29 January 2019. He graduated from the Hong Kong Polytechnic in 1978 with an Associateship Diploma in Production and Industrial Engineering, and is an Awardee of ISE Distinguished Alumni Award 2012, granted by the Hong Kong Polytechnic University. In 1980, Mr. Fung obtained a Master of Science Degree in Industrial Management from the University of Birmingham, U.K., and in 1989, a MBA Degree from the University of Hong Kong. In 2016, he also obtained a Master of Arts degree, in Religious Studies from the Chinese University of Hong Kong. Mr. Fung was an employee of Leeport Machine Tool Company Ltd between 1981 and 1996. He started as a Marketing Executive, and retired as the Area General Manager of the company. In 1997, he joined Lung Kee (Bermuda) Holding Limited, the world largest mold base manufacturer and tool steel distributor, serving as an Executive Director of the company for 16 years. Mr. Fung has been very active in professional and community services. He was elected the President of Institute of Industrial Engineers (HK Chapter) in 1992-93. He served as a member of the Metals Committee of the Industry & Technology Development Council, Industry Department, HK Government, during 1993-97, and as a member of the Technology Committee during 1995-97. He was Secretary General of the Hong Kong Die-casting Association during 2007-08; and later, as Honorary President and Committee Member of the Hong Kong Die-casting & Foundry Association until 2014. He is currently a registered manager (SBM) of the Incorporated Management Committee of two Catholic schools.

Mr. Fung did not hold any directorship in public companies the securities of which are listed on any securities market in Hong Kong or overseas in the last three years nor has he held any other major appointment and qualifications. Pursuant to the appointment letter, the appointment of Mr. Fung is for a term of one year and thereafter may be extended for such period as the Company and Mr. Fung may agree. Mr. Fung remuneration is fixed at HK$150,000 per annum, which commensurates with his duties and responsibilities as INED and the prevailing market situation. As a director, Mr. Fung is subject to retirement by rotation and re-election at annual general meetings in accordance with the Bye-laws of the Company. Mr. Fung had not previously held and is not, until his appointment as INED, holding any position with the Company and/or its subsidiaries. He is independent of the directors, senior management, substantial or controlling shareholders of the Company for the purpose of the Listing Rules. He does not have any interests in shares of the Company within the meaning of Part XV of the SFO as at the Latest Practice Date.

Mr. Wong Tat Cheong, Frederick ("Mr. Wong"), aged 65, was appointed as an INED since 29 January 2019. He is a member of the Hong Kong Institute of Certified Public Accountants. He holds a Bachelor of Arts in Accountancy (with Honours) from the Hong Kong Polytechnic University and a Master of Public Administration (with Distinction) from the University of Hong Kong. Mr. Wong had extensive accounting and auditing experience in Hong Kong, Mainland China and United Kingdom. Mr. Wong was a former directorate civil servant of the HKSAR Government. He is currently a practicing Certified Public Accountant in Hong Kong.

- 5 -

LETTER FROM THE BOARD OF DIRECTORS

Mr. Wong did not hold any directorship in public companies the securities of which are listed on any securities market in Hong Kong or overseas in the last three years nor has he held any other major appointment and qualifications. Pursuant to the appointment letter, the appointment of Mr. Wong is for a term of one year and thereafter may be extended for such period as the Company and Mr. Wong may agree. Mr. Wong remuneration is fixed at HK$150,000 per annum, which commensurates with his duties and responsibilities as INED and the prevailing market situation. As a director, Mr. Wong is subject to retirement by rotation and re-election at annual general meetings in accordance with the Bye-laws of the Company. Mr. Wong had not previously held and is not, until his appointment as INED, holding any position with the Company and/or its subsidiaries. He is independent of the directors, senior management, substantial or controlling shareholders of the Company for the purpose of the Listing Rules. He does not have any interests in shares of the Company within the meaning of Part XV of the SFO as at the Latest Practice Date.

The Board would consider to enhance its diversity with different expertise when appointing or re-electing an independent non-executive Director. Both Mr. Fung and Mr. Wong have confirmed their independence pursuant to Rule 3.13 of the Listing Rules. Mr. Fung possesses extensive experience in industry and technology while Mr. Wong possesses extensive experience in accounting and auditing. The Board and nomination committee considers they are independent and can bring further contributions to the Board and its diversity.

Save as disclosed above, the Board is not aware of any other matters or information that need to be brought to the attention of shareholders of the Company or to be disclosed pursuant to Rule 13.51(2) (h) to 13.51(2) (w) of the Listing Rules in relation to the proposed re-election of the aforesaid retiring directors.

5. RESPONSIBILITY STATEMENT

This circular, for which the directors of the Company collectively and individually accept full responsibility, includes particulars given in compliance with the Listing Rules for the purpose of giving information with regard to the Company. The directors, having made all reasonable enquiries, confirm that to the best of their knowledge and belief the information contained in this circular is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this circular misleading.

6. ACTION TO BE TAKEN

The notice convening the 2021 Annual General Meeting to be held at 1st Floor, Block 1 Golden Dragon Industrial Centre, 152-160 Tai Lin Pai Road, Kwai Chung, New Territories, Hong Kong on Tuesday, 29 June 2021 at 10:30 a.m. is set out in this circular.

Pursuant to rules 13.39(4) of the Listing Rules, the vote of Shareholders at the 2021 Annual General Meeting will be taken by poll and a scrutineer will be appointed by the Company for vote taking at the 2021 Annual General Meeting. An announcement on the poll vote results will be made by the Company after the 2021 Annual General Meeting in the manner prescribed under Rule 13.39(5) of the Listing Rules.

- 6 -

LETTER FROM THE BOARD OF DIRECTORS

A form of proxy for the 2021 Annual General Meeting is also enclosed. Whether or not you desire to attend the 2021 Annual General Meeting, you are requested to complete the form of proxy and return the same to the Company's branch share registrar in Hong Kong, Tricor Investor Services Limited at Level 54, Hopewell Centre, 183 Queen's Road East, Hong Kong in accordance with the instructions printed thereon not less than 48 hours before the time appointed for the 2021 Annual General Meeting or any adjournment thereof. Completion and delivery of the form of proxy will not preclude you from subsequently attending and voting at the 2021 Annual General Meeting or any adjournment thereof if you so wish.

7. RECOMMENDATION

The Directors believe that the granting of the Issue Mandate (including the extended mandate stipulated under Ordinary resolution no. 7), the Repurchase Mandate are in the best interests of the Company and its Shareholders as a whole. Moreover, for your consideration, adequate information regarding the re-election of the retiring directors at the 2021 Annual General Meeting is contained herein. Meanwhile, the Directors recommend that all Shareholders should vote in favour of the related ordinary resolutions to be proposed at the 2021 Annual General Meeting.

Yours faithfully,

By Order of the Board

Leeport (Holdings) Limited

Lee Sou Leung, Joseph

Chairman

- 7 -

APPENDIX I	EXPLANATORY STATEMENT

This Appendix I serves an explanatory statement, as required by the Listing Rules, to provide requisite information to Shareholders of the Company for their consideration as to whether to vote for or against the ordinary resolution to be proposed at the 2021 Annual General Meeting for granting the Repurchase Mandate.

This explanatory statement contains all the information required pursuant to rule

10.06 of the Listing Rules which is set out as follows:-

SHARE CAPITAL

As at the Latest Practicable Date, the Company has in issue an aggregate of 230,076,062 shares of HK$0.10 each which are fully paid.

Subject to the passing of the ordinary resolution no. 6 as set out in the notice of 2021 Annual General Meeting and in accordance with the terms therein, the Company would be allowed under the Repurchase Mandate to repurchase fully paid shares up to the aggregate nominal amount of a maximum of 23,007,606 shares on the basis that no further shares will be issued or repurchased prior to the 2021 Annual General Meeting.

REASONS FOR SHARE REPURCHASE

Although the Directors have no present intention of repurchasing any shares of the Company, they believe that the flexibility afforded by the Repurchase Mandate would be beneficial to the Company and its Shareholders. Trading conditions on the Stock Exchange have sometimes been volatile. At any time in the future when Shares are trading at a discount to their underlying value, the ability of the Company to repurchase shares will be beneficial to those Shareholders who retain their investment in the Company since their interests in the assets of the Company would increase in proportion to the number of shares repurchased by the Company and thereby resulting in an increase in net asset value and/or earnings per share of the Company. Such repurchases will only be made when the Directors believe that the repurchases will benefit the Company and its Shareholders as a whole.

FUNDING OF REPURCHASES

The Company is empowered by its memorandum of association and bye-laws to repurchase its shares. In repurchasing shares, the Company may only apply funds legally available for such purpose in accordance with its memorandum of association and bye-laws and the applicable laws of Bermuda. In repurchasing shares, the Directors will only apply funds out of the capital paid up on the relevant shares or the funds of the Company which would otherwise be available for dividend or distribution or the proceeds of a fresh issue of Shares made for the purpose in accordance with Bermuda laws. Regarding the amount of premium (if any) payable on a repurchase, the Directors will only apply funds of the Company which would otherwise be available for dividend or distribution or out of the share premium account of the Company. The Shares so repurchased will be cancelled but the aggregate amount of authorized share capital will not be reduced.

- 8 -

APPENDIX I	EXPLANATORY STATEMENT

SHARE PRICES

The highest and lowest prices at which Shares of the Company have been traded during each of the following twelve months were as follows:-

		Shares
	Highest	Lowest
	HK$	HK$
2020
April	0.57	0.53
May	0.53	0.50
June	0.68	0.47
July	0.85	0.68
August	0.85	0.62
September	0.77	0.69
October	0.75	0.72
November	0.77	0.70
December	0.84	0.69
2021
January	0.94	0.80
February	0.94	0.89
March	0.99	0.83
April to the Latest Practicable Date	0.99	0.92

REPURCHASES MADE BY THE COMPANY

Neither the Company nor any of its subsidiaries has purchased any of the Company's Shares (whether on the Stock Exchange or otherwise) in the six months immediately preceding the Latest Practicable Date.

POSSIBLE MATERIAL ADVERSE IMPACT

There might be material adverse impact on the working capital or gearing position of the Company (as compared with the position disclosed in the audited accounts for the year ended 31 December 2020) in the event that the Repurchase Mandate was to be carried out in full at any time during the proposed repurchase period. However, the Directors do not propose to exercise the Repurchase Mandate to such extent as would, in the circumstances, have a material adverse effect on the Company's working capital requirements or the gearing levels. The number of Shares to be repurchased on any occasion and the price and other terms upon which the same are repurchased will be decided by the Directors at the relevant time having regard to the circumstances then pertaining.

- 9 -

APPENDIX I	EXPLANATORY STATEMENT

DIRECTORS' UNDERTAKING

The Directors have undertaken to the Stock Exchange to exercise the powers of the Company to make repurchases under the Repurchase Mandate in accordance with the Listing Rules and laws of Bermuda and in accordance with the regulations set out in the memorandum of association and bye-laws of the Company.

EFFECT OF HONG KONG CODE ON TAKEOVERS AND MERGERS

If as a result of share repurchase by the Company, a substantial shareholder 's proportionate interest in voting rights of the Company increases, such increase will be treated as an acquisition for the purpose of the Takeovers Code. Accordingly, a Shareholder, or group of Shareholders acting in concert, could, depending on the level of increase in the interest of shareholdings, obtain or consolidate control of the Company and become obliged to make a mandatory offer in accordance with Rule 26 and 32 of the Takeovers Code.

As at the Latest Practicable Date and to the best of knowledge and belief of the Company, the following person(s) were directly or indirectly interested in 5% of more of the nominal value of the ordinary shares that carry a right to vote in all circumstances at general meetings of the Company:-

	Number of	Approximate
	Shares held/	Percentage of
Name	interested	Shareholding
Mr. Lee Sou Leung, Joseph
("Mr. Lee")	168,905,982	(Note)	73.41%
Ms. Tan, Lisa Marie ("Ms. Tan")	168,905,982	(Note)	73.41%

Note: These interests include 24,376,000 shares held by Mr. Lee as personal interests. Ms. Tan, wife of Mr. Lee, is deemed to be interested in shares held by Mr. Lee. 144,529,982 shares are held by Peak Power Technology Limited in its capacity as the trustee of The Lee Family Unit Trust holding the same for the benefit of holders of units issued by The Lee Family Unit Trust. HSBC International Trustee Limited is the trustee of the LMT trust whose discretionary objects are Ms. Tan, and Mr. Lee's family members. As husband of Ms. Tan, Mr. Lee is deemed to be interested in these shares by virtue of family interests.

- 10 -

APPENDIX I	EXPLANATORY STATEMENT

In the event that the Company exercised in full the power to repurchase Shares of the Company in accordance with the terms of the ordinary resolution no. 6 to be proposed at the 2021 Annual General Meeting, the aforesaid interests of Mr. Lee, Ms. Tan and their respective associates in the existing issued share capital of the Company would be proportionally increased to approximately 81.57%. Mr. Lee, Ms. Tan and their respective associates currently holds 73.41% of the issued share capital as at the Latest Practicable Date. As at the Latest Practicable Date, the Directors are not aware of the consequences of such increases or as a result of repurchases of Shares that would result in any of the aforesaid persons or any Shareholder, or group of Shareholders acting in concert, becoming obliged to make a mandatory offer under the Takeovers Code.

As at the Latest Practicable Date, although the exercise of the Repurchase Mandate in whole will result in less than 25% of the issued share capital of the Company being held by the public but the Directors have no intention to exercise the Repurchase Mandate to such an extent that would result in the number of shares in the hands of public falls below the prescribed minimum percentage of 25%.

DIRECTORS' DEALINGS

None of the Directors nor, to the best of their knowledge having made all reasonable enquiries, any of their close associates presently intends to sell Shares to the Company under the Repurchase Mandate in the event that such mandate as proposed in the ordinary resolution no. 6 is approved by the Shareholders of the Company.

CONNECTED PERSONS

The Company has not been notified by any core connected persons of the Company that they have a present intention to sell any Shares to the Company, or that they have undertaken not to sell any Shares held by them to the Company in the event that such mandate as proposed in the ordinary resolution no. 6 is approved by the Shareholders of the Company.

- 11 -

NOTICE OF 2021 ANNUAL GENERAL MEETING

(incorporated in Bermuda with limited liability)

(Stock Code: 387)

NOTICE OF ANNUAL GENERAL MEETING

NOTICE IS HEREBY GIVEN that an Annual General Meeting of members of Leeport (Holdings) Limited (the "Company") will be held at 1st Floor, Block 1 Golden Dragon Industrial Centre, 152-160 Tai Lin Pai Road, Kwai Chung, New Territories, Hong Kong on Tuesday, 29 June 2021 at 10:30 a.m. for the following purposes:

1. To receive and consider the audited financial statements and the reports of the directors and of the auditors for the year ended 31 December 2020;
2. To declare a final dividend for the year ended 31 December 2020;
3. To elect directors and to authorise the board of directors to fix directors' remuneration;
4. To appoint auditors and to authorise the board of directors to fix their remuneration;
5. As special business, to consider and, if thought fit, pass with or without amendments, the following resolution as an ordinary resolution:
   "THAT
6. 1. subject to paragraph (c) of this resolution, the exercise by the directors of the Company ("Directors") during the Relevant Period (as defined below) of all the powers of the Company to allot, issue and otherwise deal with additional shares ("Shares") in the capital of the Company or securities convertible into Shares, or options, or similar rights to subscribe for any Shares or such convertible securities, and to make, grant, sign or execute offers, agreements or options, deeds and other documents which would or might require the exercise of such powers, subject to and in accordance with all applicable laws, be and it is hereby generally and unconditionally approved;
   2. the approval in paragraph (a) of this resolution shall authorise the Directors during the Relevant Period to make, grant, sign or execute offers, agreements or options, deeds and other documents which would or might require the exercise of such powers after the end of the Relevant Period;

* For identification purposes only

- 12 -

NOTICE OF 2021 ANNUAL GENERAL MEETING

1. the aggregate nominal amount of share capital which may be allotted or agreed conditionally or unconditionally to be allotted (whether pursuant to an option or otherwise) and issued by the Directors pursuant to the approval in this resolution, otherwise than pursuant to:
2. 1. a Rights Issue (as defined below); or
   2. the exercise of rights of subscription or conversion attaching to any warrants of the Company or any securities which are convertible into Shares; or
   3. the exercise of any option under the share option scheme or any other share option scheme or similar arrangement for the time being adopted for the grant or issue to officers and/or employees of the Company and/or any of its subsidiaries or any other person of Shares or rights to acquire Shares of the Company; or
   4. scrip dividends or under similar arrangement providing for the allotment of Shares in lieu of the whole or part of a dividend on Shares in accordance with the bye-laws of the Company in force from time to time; and
   5. a specific authority granted by the shareholders of the Company,

shall not exceed 20 percent of the aggregate nominal amount of the share capital of the Company in issue as at the date of passing of this resolution, and the said approval shall be limited accordingly;

1. for the purpose of this resolution:
   "Relevant Period" means the period from (and including) the passing of this resolution until whichever is the earlier of:
2. 1. the conclusion of the next annual general meeting of the Company;
   2. the expiration of the period within which the next annual general meeting of the Company is required by the bye-laws of the Company or by any applicable laws to be held; or
   3. the date on which the authority set out in this resolution is revoked or varied or renewed by an ordinary resolution of the shareholders of the Company in general meeting; and

- 13 -

NOTICE OF 2021 ANNUAL GENERAL MEETING

"Rights Issue" means an offer of Shares of the Company or issue of options, warrants or other securities giving the right to subscribe for Shares of the Company open for a period fixed by the Directors to the holders of Shares whose names appear on the register of members of the Company (and, where appropriate, to holders of other securities of the Company entitled to the offer on the relevant register) on a fixed record date in proportion to their then holdings of such Shares or, where appropriate, such other securities as at that date (subject in all cases to such exclusions or other arrangements as the Directors may deem necessary or expedient in relation to fractional entitlements or having regard to any restrictions or obligations under the laws of, or the requirements of any recognised regulatory body or any stock exchange in, any jurisdiction or territory applicable to the Company)."

6. As special business, to consider and, if thought fit, pass with or without amendments, the following resolution as an ordinary resolution:

"THAT

1. subject to paragraphs (b) of this resolution, the exercise by the directors of the Company ("Directors") during the Relevant Period (as defined below) of all the powers of the Company to purchase shares ("Shares") in the capital of the Company or securities convertible into Shares on The Stock Exchange of Hong Kong Limited ("Stock Exchange") or on any other stock exchange on which the securities of the Company may be listed and recognised by the Securities and Futures Commission of Hong Kong and the Stock Exchange for this purpose ("Recognised Stock Exchange"), subject to and in accordance with the Companies Act 1981 of Bermuda, all other applicable laws and the requirements of the Rules Governing the Listing of Securities on the Stock Exchange or those of any other Recognised Stock Exchange as amended from time to time, be and the same is hereby generally and unconditionally approved;
2. the aggregate nominal amount of Shares and securities convertible into Shares which may be purchased by the Company pursuant to the approval in paragraph (a) of this resolution during the Relevant Period shall not exceed 10 percent of the aggregate nominal amount of the share capital of the Company in issue as at the date of passing of this resolution (on the basis that no shares are issued or repurchased by the Company before and up to the date of passing this resolution, the Company will be allowed to repurchased fully paid shares up to a maximum 23,007,606 shares), and the approval pursuant to paragraph
   (a) of this resolution shall be limited accordingly;
3. for the purpose of this resolution, ("Relevant Period") means the period from (and including) the date of the passing of this resolution until whichever is the earlier of:

- 14 -

NOTICE OF 2021 ANNUAL GENERAL MEETING

1. the conclusion of the next annual general meeting of the Company;
2. the expiration of the period within which the next annual general meeting of the Company is required by the bye-laws of the Company or any applicable laws to be held; or
3. the date on which the authority set out in this Resolution is revoked or varied or renewed by an ordinary resolution of the shareholders of the Company in general meeting."; and

7. As special business, to consider and, if thought fit, pass with or without amendments, the following resolution as an ordinary resolution:

"THAT subject to the passing of the resolutions numbered 5 and 6 as set out in the notice (the "Notice") convening this meeting, the general mandate granted to the directors of the Company ("Directors") to exercise the powers of the Company to allot, issue and otherwise deal with shares ("Shares") in the capital of the Company pursuant to the resolution numbered 5 as set out in the Notice be and the same is hereby extended (as regards the amount of share capital thereby limited) by adding thereto of the aggregate nominal amount of the share capital of the Company as purchased by the Company under the authority granted pursuant to the resolution numbered 6 as set out in the Notice provided that such additional amount shall not exceed the 10 percent of the aggregate nominal amount of the share capital of the Company in issue as at the date of passing of this resolution.".

By Order of the Board

Leeport (Holdings) Limited

Lee Sou Leung, Joseph

Chairman

Hong Kong, 28 April 2021

Head office and principal place of business in Hong Kong:

1st Floor, Block 1

Golden Dragon Industrial Centre

152-160 Tai Lin Pai Road

Kwai Chung

New Territories

Hong Kong

- 15 -

NOTICE OF 2021 ANNUAL GENERAL MEETING

Notes:

1. A member of the Company entitled to attend and vote at the aforesaid meeting is entitled to appoint one proxy or (if holding two or more shares) more proxies to attend and vote in his stead. A proxy need not be a member of the Company.
2. To be valid, the form of proxy together with any power of attorney or other authority under which it is signed or a notarially certified copy of that power of attorney or authority must be deposited with the Hong Kong branch share registrars of the Company, Tricor Investor Services Limited, at Level 54, Hopewell Centre, 183 Queen's Road East, Hong Kong not later than 48 hours before the time fixed for holding the meeting or any adjournment thereof.
3. Completion and return of the form of proxy will not preclude members from attending and voting at the aforesaid meeting, and in such event, the form of proxy shall be deemed to be revoked.
4. The register of members of the Company will be closed during the following periods:
5. 1. from 24 June 2021 (Thursday) to 29 June 2021 (Tuesday), both days inclusive, for the purpose of ascertaining shareholders' entitlement to attend and vote at the 2021 Annual General Meeting. In order to be eligible to attend and vote at the 2021 Annual General Meeting, all transfer documents accompanied by the relevant share certificates must be lodged for registration with the Company's share registrar in Hong Kong, Tricor Investor Services Limited, at Level 54, Hopewell Centre, 183 Queen's Road East, Hong Kong for registration no later than 4:30 p.m. on 23 June 2021 (Wednesday); and
   2. from 6 July 2021 (Tuesday) to 7 July 2021 (Wednesday), both days inclusive, for the purpose of ascertaining shareholders' entitlement to the proposed final dividend. In order to establish entitlements to the proposed final dividend, all transfer documents accompanied by the relevant share certificates must be lodged for registration with the Company's share registrar in Hong Kong, Tricor Investor Services Limited, at Level 54, Hopewell Centre, 183 Queen's Road East, Hong Kong for registration no later than 4:30 p.m. on 5 July 2021 (Monday).

During the periods mentioned in sub-paragraphs (i) and (ii) above, no transfers of shares will be registered.

1. The Chinese translation of this notice (including the contents of the proposed resolutions set out herein) is for reference only. In case of inconsistency, the English version shall prevail.
2. Taking into account of the recent development of the epidemic caused by COVID-19, the Company will implement the following prevention and control measures at the meeting against the epidemic to protect the members from the risk of infection:
3. 1. Compulsory body temperature check will be conducted for every member or proxy at the entrance of the venue. Any person with a body temperature of over 37.5 degrees Celsius will not be admitted to the venue; and
   2. Every member or proxy is required to wear surgical facial mask throughout the meeting.

Furthermore, the Company wishes to advise the members, particularly the members who are subject to quarantine in relation to COVID-19, that they may appoint any person or the chairman of the meeting as a proxy to vote on the resolutions, instead of attending the meeting in person.

As at the date of this Notice, the board of directors comprises, 2 executive directors, namely Mr. Lee Sou Leung, Joseph, Mr. Chan Ching Huen, Stanley, and 3 independent non-executive directors, namely, Mr. Zavatti Samuel, Mr. Fung Wai Hing and Mr. Wong Tat Cheong, Frederick.

- 16 -