S A I Leisure : DELAY IN DESPATCH OF CIRCULAR

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.

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1832)

DELAY IN DESPATCH OF CIRCULAR

Reference is made to the announcement (the "Announcement") of S.A.I. Leisure Group Company Limited (the "Company") dated February 19, 2021 in relation to the Construction Contracts for the Renovation and Upgrade Works to be carried out to the public spaces and exterior of the Guam Hotel. Unless otherwise defined herein, capitalized terms used in this announcement shall have the same meanings as those defined in the Announcement.

Pursuant to Rule 14.41(a) of the Listing Rules, a circular containing details of the Construction Contracts and other information required under the Listing Rules (the "Circular") shall be despatched to the Shareholders within 15 business days after the publication of the Announcement. As stated in the Announcement, the Circular was expected to be despatched to the Shareholders on or before March 12, 2021.

As additional time is required for the Company to prepare and finalize the financial information of the Company for inclusion in the Circular, the Company has applied to the Stock Exchange for a waiver from strict compliance with Rule 14.41(a) of the Listing Rules, and the Stock Exchange has granted the aforesaid waiver to the Company on the condition that the Company will despatch the Circular on or before May 14, 2021. The aforesaid waiver is only applicable to this case and the Stock Exchange may change the waiver if the Company's situation changes.

As such, the date of despatch of the Circular is expected to be delayed to a date falling on or before May 14, 2021.

On behalf of the Board

S.A.I. Leisure Group Company Limited

Henry Tan

Vice Chairman,

Executive Director and Chief Executive Officer

Hong Kong, March 10, 2021

As at the date of this announcement, the Board of the Company comprises: (1) Dr. TAN Henry, Mr. CHIU George, Mrs. SU TAN Jennifer Sze Tink and Mr. SCHWEIZER Jeffrey William as the Executive Directors; (2) Dr. TAN Siu Lin (Chairman) and Mr. TAN Willie as the Non-Executive Directors; and (3) Prof. CHAN Pak Woon David, Mr. MA Andrew Chiu Cheung and Mr. CHAN Leung Choi Albert as the Independent Non-Executive Directors.