En
Very Substantial Acquisition and Connected Transaction for PYE; Deemed Very Substantial Disposal and Potential Discloseable Transaction for PYI – Proposed Allotment and Issue of Shares and Issue of Convertible Bonds by PYE Requiring a Specific Mandate from PYE Shareholders, Constituting a Deemed Very Substantial Disposal for PYI; Proposed Acquisition of Falloncroft Constituting a Very Substantial Acquisition and Connected Transaction for PYE; Proposed Distribution in Specie by PYE of a 49% Interest in its Existing Businesses, With the Offer of a Cash Alternative Provided by PYI Constituting a Potential Discloseable Transaction for PYI; Proposed Special Cash Dividend by PYE of HK$0.26 per Share with a Scrip Alternative

BOARD OF DIRECTORS

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SUN Dixie Hui
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LIU Jianyi
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AU Wai June
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YU Chung Leung
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LAM John Cheung-wah