Completion of Redemption and Withdrawal of Listing

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.This announcement appears for information purposes only and does not constitute an invitation or offer to acquire purchase or subscribe for securities or an invitation to enter into any agreement to do any such things nor is it calculated to invite any offer to acquire purchase or subscribe for any securities.This announcement does not constitute or form a part of any offer of securities for sale in the United States. The Securities (as defined below) have not been and will not be registered under the U.S. Securities Act of 1933 as amended (the “Securities Act”) and may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act. No public offering of the Securities will be made in the United States.* (Incorporated in the Cayman Islands and its members’ liability is limited) (Stock Code: 2314) U.S.$300000000 5.50 per cent. Senior Perpetual Capital Securities (the “Securities”) (Stock code: 4541) COMPLETION OF REDEMPTION AND WITHDRAWAL OF LISTING Reference is made to (i) the announcement of Lee & Man Paper Manufacturing Limited (the “Company”) dated 29 May 2019 in relation to the notice of listing of the Company’s Securities on The Stock Exchange of Hong Kong Limited (the “Stock Exchange”); (ii) the announcements of the Company dated 6 December 2022 16 December 2022 and 21 December 2022 in relation to the tender offer to purchase the Securities for cash; (iii) the announcement of the Company dated 11 October 2023 in relation to the partial repurchase and cancellation of the Securities; and (iv) the announcement of the Company dated 26 April 2024 in respect of the notice of redemption of the Securities (together the “Announcements”). Capitalised terms used but not defined herein shall have the meanings given to them in the Announcements.Further to the last of the Announcements the Redemption of all outstanding Securities has been completed on 29 May 2024.* For identification purposes only – 1 –There are no Securities in issue subsequent to the Redemption on the Redemption Date.Accordingly the Company has made an application to the Stock Exchange for the withdrawal of the listing of the Securities. Such withdrawal of listing of the Securities is expected to become effective upon the close of business on 5 June 2024.By Order of the Board Lee & Man Paper Manufacturing Limited Lee Man Chun Raymond Chairman Hong Kong 29 May 2024 As at the date of this announcement the board of directors of the Company comprises five executive directors namely Dr. Lee Man Chun Raymond Mr. Lee Man Bun Mr. Li King Wai Ross Mr. Lee Jude Ho Chung and Mr. Yip Heong Kan and three independent non-executive directors namely Mr. Chau Shing Yim David Ms. Lo Wing Sze and Mr. Chan Wai Yan Ronald.–2–