Clarification Announcement

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: 813)

CLARIFICATION ANNOUNCEMENT

Shimao Group Holdings Limited (the "Company") recently noted certain articles have reported that a subsidiary of the Company is in discussion with Lujiazui International Trust Co., Ltd. ("Lujiazui Trust") on the extension of the payment schedule for its borrowing.

The Company would like to clarify that the information reported in such articles is untrue. After internal review and confirmation with Lujiazui Trust, the Company would like to inform its shareholders and investors that the cooperation between the Company and Lujiazui Trust is normal and stable, and there has never been any overdue or delayed payment by the Company in the past.

Shareholders and potential investors are advised not to rely on any market rumours in relation to any news about the Company. Any information concerning the Company should only be based on the Company's official announcements.

Shareholders and potential investors are reminded to exercise caution when dealing in the securities of the Company.

On behalf of the Board

Shimao Group Holdings Limited

Hui Wing Mau

Chairman

Hong Kong, 5 November 2021

As at the date of this announcement, the Board of the Company comprises four Executive Directors, namely, Mr. Hui Wing Mau (Chairman), Mr. Hui Sai Tan, Jason (Vice Chairman and President), Ms. Tang Fei and Mr. Lu Yi; one Non-executive Director, namely, Mr. Ye Mingjie; and three Independent Non-executive Directors, namely, Ms. Kan Lai Kuen, Alice, Mr. Lyu Hong Bing and Mr. Lam Ching Kam.