Skyfame Realty : RE-DESIGNATION OF DIRECTOR

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.

RE-DESIGNATION OF DIRECTOR

The Board announces that Mr. WONG Lok, an executive director of the Company, has been re-designated as a non-executive director of the Company with effect from 1 January 2019.

RE-DESIGNATION OF DIRECTOR

The board of directors (the "Board") of Skyfame Realty (Holdings) Limited (the "Company", and together with its subsidiaries, the "Group") announces that Mr. WONG Lok ("Mr. Wong"), an executive director of the Company, has been re-designated as a non-executive director of the Company with effect from 1 January 2019.

Mr. Wong, aged 61, served the Company as an executive director since August 2005. Mr. Wong has over 33 years of working experience in senior management of corporations engaged in property and general trading in Hong Kong and the PRC. Save as disclosed above, Mr. Wong did not hold any directorship in any listed public company in the last three years or any position with the Company or other members of the Group.

In relation to Mr. Wong's re-designation as a non-executive director of the Company, he has entered into a letter of appointment with the Company for an initial term of one year commencing from 1 January 2019 which, unless otherwise terminated pursuant to the terms of the appointment, is subject to automatic renewal. The appointment is subject to retirement and re-election provisions in the bye-laws of the Company. Pursuant to the letter of appointment, Mr. Wong will be entitled to a director's fee of HK$260,000 per annum.

Save as disclosed above, Mr. Wong does not have any relationships with any directors, senior management, substantial or controlling shareholders of the Company. As at the date of this announcement, Mr. Wong does not have any interest in shares and underlying shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of Laws of Hong Kong).

Save as disclosed above, Mr. Wong is not aware of any other matters relating to his re-designation that need to be brought to the attention of the shareholders of the Company and any other information which is required to be disclosed pursuant to rule 13.51(2)(h) to 13.51(2)(v) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

By Order of the Board Skyfame Realty (Holdings) Limited

YU Pan

Chairman

Hong Kong, 2 January 2019

As at the date of this announcement and upon the above re-designation of director, the Board comprises three executive directors, namely Mr. YU Pan (Chairman), Mr. WEN Xiaobing and Mr. WANG Chenghua; two non-executive directors, namely Mr. WONG Lok and Ms. LIU Juan; and three independent non-executive directors, namely Mr. CHOY Shu Kwan, Mr. CHENG Wing Keung, Raymond and Ms. CHUNG Lai Fong.