Hongkong and Shanghai Hotels : 11 Feb 2022 - Voluntary Announcement - Completion of the Increase in Shareholding in the Company by Substantial Shareholders and Non-Executive Directors

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THE HONGKONG AND SHANGHAI HOTELS, LIMITED

(Incorporated in Hong Kong with limited liability)

(Stock Code: 00045)

Voluntary Announcement

Completion of the Increase in Shareholding in the Company by Substantial Shareholders and Non-Executive Directors

This announcement is made by The Hongkong and Shanghai Hotels, Limited (the "Company") on a voluntary basis.

Reference is made to the announcement of the Company dated 14 January 2022 (the "Announcement") regarding the increase in shareholding in the Company by Substantial Shareholders and Non-Executive Directors. Unless otherwise defined, all terms used herein are as defined in the Announcement.

The Company has been notified by Sir Elly Kadoorie & Sons Limited, on behalf of The Hon. Sir Michael Kadoorie, and Mr Philip Kadoorie (including his associates) and certain trust structures/entities established for the benefit of the members of the Kadoorie family ("Purchasers") that the Conditional SPA entered into on 13 January 2022 with Solis Capital Limited ("Seller") and its parent company, Seekers Partners Limited ("Seekers") has become unconditional.

The Company has been further notified that the Executive Director of the Corporate Finance Division of Securities and Futures Commission has granted a waiver of the obligation of the Purchasers to make a mandatory general offer for the Shares arising from the transaction. Completion of the Conditional SPA took place on 11 February 2022.

Following completion of the Conditional SPA and as at the date of this announcement, the Kadoorie family (including interests associated with the family but excluding interests held by charities associated with the family) has a combined shareholding of 1,194,658,489 Shares, representing 72.43% of the total number of Shares in issue. The Seller ceased to have any Shares. The interests in Shares of the Purchasers, the Non-Executive Directors and the controlled corporation of the Seller as at Completion are disclosed in the appendix of the Announcement.

From publicly available information and within the knowledge of the Directors, the Company has maintained the required 25% public float after the Completion.

By order of the Board

Christobelle Liao

Company Secretary

Hong Kong, 11 February 2022

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As at the date of this announcement, the Board of Directors of the Company comprises the following Directors:

Non-Executive Chairman

The Hon. Sir Michael Kadoorie

Non-Executive Deputy Chairman	Non-Executive Directors
Andrew Clifford Winawer Brandler	William Elkin Mocatta
	John Andrew Harry Leigh
	Nicholas Timothy James Colfer
Executive Directors	James Lindsay Lewis
Managing Director and Chief Executive Officer	Philip Lawrence Kadoorie
Clement King Man Kwok	Independent Non-Executive Directors
	Dr the Hon. Sir David Kwok Po Li
Chief Operating Officer	Patrick Blackwell Paul
Peter Camille Borer	Pierre Roger Boppe
	Dr William Kwok Lun Fung
	Dr Rosanna Yick Ming Wong
Chief Financial Officer	Dr Kim Lesley Winser
Christopher Shih Ming Ip	Ada Koon Hang Tse

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