Poly Property Services : DELAY IN DESPATCH OF CIRCULAR AND CLOSURE OF REGISTER OF MEMBERS

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.

POLY PROPERTY SERVICES CO., LTD.

保利物業服務股份有限公司

(A joint stock company incorporated in the People's Republic of China with limited liability)

(Stock Code: 06049)

DELAY IN DESPATCH OF CIRCULAR

AND

CLOSURE OF REGISTER OF MEMBERS

Reference is made to the announcements of Poly Property Services Co., Ltd. (the "Company") dated 24 March 2021 and 1 April 2021 in relation to (i) the Ratification Matter and the 2021- 2023 Non-exempt Framework Agreements; and (ii) the 2021 Property Leasing Agreements respectively (the "Announcements"). Unless the context otherwise specified, capitalized terms used in this announcement shall have the same meanings as those defined in the Announcements.

DELAY IN DESPATCH OF CIRCULAR

The Company indicated in the Announcements that a circular containing, among other things:

1. further details on the 2021 Property Leasing Agreements and the transactions contemplated thereunder; (ii) further details on the Ratification Matter and the 2021-2023Non-exempt Framework Agreements and the transactions contemplated thereunder; (iii) a letter from the independent board committee; (iv) letters from the independent financial advisers; (v) a property valuation report prepared according to Chapter 5 of the Listing Rules; (vi) a notice of the EGM; and (vii) other information concerning the Company as required under the Listing Rules, was expected to be despatched to the Shareholders on or before Friday, 7 May 2021. As additional time is required to finalise certain information to be included in the circular, the Company expects that the despatch of the circular will be postponed to a date falling on or before Wednesday, 12 May 2021.

CLOSURE OF REGISTER OF MEMBERS

The Board hereby announces that the EGM will be held at 10:00 a.m. on Friday, 28 May 2021 for considering and approving the resolutions relating to the transactions as set out in the Announcements.

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The register of members of the Company will be closed from Tuesday, 25 May 2021 to Friday, 28 May 2021, both days inclusive, during which period no transfer of the Shares will be registered. In order for the H Shareholders to qualify for attending and voting at the EGM, all properly completed share transfer forms together with the relevant H Share certificates shall be lodged with the Company's H Share registrar, Tricor Investor Services Limited, at Level 54, Hopewell Centre, 183 Queen's Road East, Hong Kong for registration not later than 4:30 p.m. on Monday, 24 May 2021. Shareholders whose names appear on the register of members of the Company on Friday, 28 May 2021 are entitled to attend and vote at the EGM.

By Order of the Board

POLY PROPERTY SERVICES CO., LTD.

Huang Hai

Chairman of the Board and Non-executive Director

Guangzhou, PRC, 6 May 2021

As at the date of this announcement, the non-executive directors of the Company are Mr. Huang Hai, Mr. Liu Ping and Mr. Hu Zaixin; the executive director of the Company is Ms. Wu Lanyu; and the independent non-executive directors of the Company are Mr. Wang Xiaojun, Ms. Tan Yan and Mr. Wang Peng.

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