Regal Hotels International : NOTICE OF LISTING ON THE STOCK EXCHANGE OF HONG KONG LIMITED - P&R INTERNATIONAL TREASURY LIMITED - Establishment of the U.S.$300,000,000 Medium Term Note and Perpetual Securities Programme guaranteed by Paliburg Holdings Limited, Regal Hotels International Holdings Limited and P&R Holdings Limited

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 solicitation of an offer to acquire, purchase or subscribe for securities or an invitation to enter into an agreement to do any such things, nor is it calculated to invite any offer to acquire, purchase or subscribe for any securities.

This announcement does not constitute an offer to sell or the solicitation of an offer to buy any securities in the United States or any other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The securities referred to herein will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States or to a U.S. person except pursuant to an exemption from or in a transaction not subject to, the registration requirements of the Securities Act. Any public offering of securities to be made in the United States will be made by means of a prospectus. Such prospectus will contain detailed information about the Issuer making the offer, its management and financial statements. The Issuer does not intend to make any public offering of securities in the United States.

NOTICE OF LISTING ON

THE STOCK EXCHANGE OF HONG KONG LIMITED

P&R INTERNATIONAL TREASURY LIMITED

(incorporated in the British Virgin Islands with limited liability)

(the "Issuer")

U.S.$300,000,000

Medium Term Note and Perpetual Securities Programme

Guaranteed by

(Stock Code: 00617)

(Stock Code: 00078)

P&R HOLDINGS LIMITED

(incorporated in the British Virgin Islands with limited liability)

(the "Guarantors")

Arranger and Dealer

AMTD

Application has been made to The Stock Exchange of Hong Kong Limited ("SEHK") for the listing of the U.S.$300,000,000 Medium Term Note and Perpetual Securities Programme (the "Programme") of the Issuer for a period of 12 months from 24 July 2020 by way of debt issues to professional investors (as defined in Chapter 37 of the Rules Governing the Listing of Securities on SEHK and in the Securities and

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Futures Ordinance (Cap. 571) of Hong Kong) only as described in the offering circular dated 24 July 2020. The listing of the Programme is expected to become effective on or about 27 July 2020.

24 July 2020

As at the date of this announcement, the board of directors of the Issuer comprises the following members:

Directors:

Mr. LO Yuk Sui

Mr. Donald FAN Tung

Mr. Jimmy LO Chun To

Miss LO Po Man

Mr. Kenneth NG Kwai Kai

Mr. Allen WAN Tze Wai

Mr. Kenneth Wong Po Man

Ms. Belinda YEUNG Bik Yiu, JP

As at the date of this announcement, the board of directors of Paliburg Holdings Limited comprises the following members:

Executive Directors:	Independent Non-Executive Directors:
Mr. LO Yuk Sui	Mr. Bowen Joseph LEUNG Po Wing, GBS, JP
(Chairman and Chief Executive Officer)	Ms. Winnie NG, JP
Mr. Jimmy LO Chun To	Hon Abraham SHEK Lai Him, GBS, JP
(Vice Chairman and Managing Director)	Mr. WONG Chi Keung
Mr. Donald FAN Tung
(Chief Operating Officer)
Miss LO Po Man
Mr. Kenneth NG Kwai Kai
Mr. Kenneth WONG Po Man

As at the date of this announcement, the board of directors of Regal Hotels International Holdings Limited comprises the following members:

Executive Directors:	Non-Executive Director:
Mr. LO Yuk Sui	Dr. Francis CHOI Chee Ming, GBS, JP
(Chairman and Chief Executive Officer)	(Vice Chairman)
Miss LO Po Man	Independent Non-Executive Directors:
(Vice Chairman and Managing Director)
Ms. Belinda YEUNG Bik Yiu, JP	Ms. Alice KAN Lai Kuen
(Chief Operating Officer)	Professor Japhet Sebastian LAW
Mr. Donald FAN Tung	Ms. Winnie NG, JP
Mr. Jimmy LO Chun To	Mr. WONG Chi Keung
Mr. Kenneth NG Kwai Kai
Mr. Allen WAN Tze Wai

As at the date of this announcement, the board of directors of P&R Holdings Limited comprises the following members:

Directors:

Mr. LO Yuk Sui

Mr. Donald FAN Tung

Mr. Jimmy LO Chun To

Miss LO Po Man

Mr. Kenneth NG Kwai Kai

Mr. Allen WAN Tze Wai

Mr. Kenneth Wong Po Man

Ms. Belinda YEUNG Bik Yiu, JP

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