Magnificent Hotel drops Shun Ho Property share transfer plan

• Magnificent Hotel dropped a proposed transaction involving a transfer of Shun Ho Property shares, an off-market share buyback, and a special dividend.
• The parties discontinued the share buyback on Aug. 13, 2026, citing an uncertain timeline and low completion certainty.
• Completion had depended on approval from Magnificent Hotel independent shareholders at an extraordinary general meeting.
• The board expects no material adverse impact on operations, business, or financial position from terminating the plan.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Magnificent Hotel Investments Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260813-12282930), on August 13, 2026, and is solely responsible for the information contained therein.