Poly Property Services : (1) 2020 Report of the Board of Directors (2) 2020 Report of the Supervisory Committee (3) 2020 Audited Consolidated Financial Statements (4) 2020 Annual Report (5) Profit Distribution Plan for 2020 (6) Appointment of Auditors for 2021 (7) General Mandate to the Board to Issue Shares (8) Change of Business Scope and Amendments to the Articles of Association and Notice of the 2020 Annual General Meeting

THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

If you are in any doubt as to any aspect of this circular or as to what action to take in relation to this circular, you should consult your stockbroker or other registered dealer in securities, bank manager, solicitor, professional public accountant or other professional adviser.

If you have sold or transferred all your shares in Poly Property Services Co., Ltd., you should at once hand this circular, together with the enclosed proxy form, to the purchaser(s) or transferee(s) or to the bank, stockbroker or other agent through whom the sale or transfer was effected for transmission to the purchaser(s) or transferee(s).

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this circular, 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 circular.

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)

1. 2020 Report of the Board of Directors
2. 2020 Report of the Supervisory Committee
3. 2020 Audited Consolidated Financial Statements
4. 1. 2020 Annual Report

1. Profit Distribution Plan for 2020
2. Appointment of Auditors for 2021
3. General Mandate to the Board to Issue Shares
4. Change of Business Scope and Amendments to the Articles of Association
5. 
   and

Notice of the 2020 Annual General Meeting

A notice convening the AGM of Poly Property Services Co., Ltd. to be held on Friday, 28 May 2021, at 9:30 a.m. at the Conference Room, 2nd Floor, East Tower, Poly Plaza, No. 832 Yue Jiang Zhong Road, Hai Zhu District, Guangzhou, Guangdong Province, the PRC is set out on pages AGM-1 to AGM-3 of this circular. A proxy form for use at the AGM is enclosed in this circular. Such proxy form is also published on the designated website of the Stock Exchange (www.hkexnews.hk) and the website of the Company (www.polywuye.com).

Shareholders who intend to appoint a proxy to attend the AGM shall complete and return the enclosed proxy form in accordance with the instructions printed thereon not less than 24 hours before the time fixed for holding the AGM or any adjournment thereof (as the case may be). Completion and return of the proxy form will not preclude Shareholders from attending and voting in person at the AGM if they so wish.

PRECAUTIONARY MEASURES FOR THE ANNUAL GENERAL MEETING

To safeguard the health and safety of Shareholders and to prevent and control the spread of COVID-19, the Company will take the following precautionary measures at the AGM:

1. compulsory temperature checks
2. wearing of face masks throughout the AGM (please bring your own mask)
3. no souvenirs will be distributed and no refreshments will be served

To the extent permitted by law, any person who does not comply with the precautionary measures (1) and (2) as set out above may be denied entry into the venue of the AGM at the absolute discretion of the Company. Shareholders may appoint the Chairman of the meeting as their proxy to vote on the relevant resolutions at the AGM instead of attending the AGM in person.

28 April 2021

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PRECAUTIONARY MEASURES FOR THE ANNUAL GENERAL MEETING

Having considered the influence of COVID-19 epidemic and the guidelines and requirements for the control of its spread, to safeguard the safety of Shareholders and other attendees, the following precautionary measures will be taken at the AGM by the Company:

1. compulsory body temperature checks will be conducted on every attendee at the entrance of the venue of the AGM. Any person with a body temperature of over 37.3 degrees Celsius will be denied entry into the venue of the AGM.
2. all attendees shall bring and wear their own face masks inside the venue of the AGM at all times, and to maintain an appropriate distance between seats.
3. no souvenirs will be distributed and no refreshments will be served at the AGM.

To the extent permitted by law, any person who does not comply with the precautionary measures (i) to (ii) as set out above may be denied entry into the venue of the AGM at the absolute discretion of the Company in order to ensure the safety of the attendees at the AGM.

In the interest of all stakeholders' health and safety, the Company reminds all Shareholders that physical attendance at the AGM is not necessary for the purpose of exercising voting rights. Shareholders, particularly those who are subject to quarantine, are recommended to use a form of proxy with voting instructions inserted to appoint the Chairman of the AGM as their proxy to vote on the relevant resolutions at the AGM instead of attending the AGM in person.

The form of proxy is attached to this circular for Shareholders who opt to receive physical circulars. Alternatively, the form of proxy can be downloaded from the designated website of the Stock Exchange (www.hkexnews.hk) and the "Investor Relations - Announcements and Notices" section of the website of the Company (www.polywuye.com). If you are not a registered Shareholder (if your Shares are held via banks, brokers, custodians or the Hong Kong Securities Clearing Company Limited), you should consult directly with your banks or brokers or custodians (as the case may be) to assist you with the appointment of proxy.

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PRECAUTIONARY MEASURES FOR THE ANNUAL GENERAL MEETING

Shareholders are recommended by the Company that physical attendance at the AGM is not necessary. If Shareholders have any questions about the relevant resolutions, or about the Company or any matters for communication with the Board, they are welcome to contact the Company as follows:

Tel: +86 020 8989 9959

Email: stock@polywuye.com

If Shareholders have any questions relating to the AGM, please contact Tricor Investor Services Limited, the share registrar, as follows:

Tricor Investor Services Limited

Level 54, Hopewell Centre

183 Queen's Road East

Hong Kong

E-mail:is-enquiries@hk.tricorglobal.com

Tel: +852 2980 1333

Fax: +852 2810 8185

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DEFINITIONS

In this circular, unless the context otherwise requires, the following expressions shall have the following meanings:

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In this circular, terms such as "subsidiary" shall have the meanings given to such terms in the Listing Rules, unless the context otherwise requires.

The English names of Chinese entities included in this circular are unofficial translations of their Chinese names and are included for identification purposes only.

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LETTER FROM THE BOARD

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)

1. 2020 Report of the Board of Directors
2. 2020 Report of the Supervisory Committee
3. 2020 Audited Consolidated Financial Statements
4. 1. 2020 Annual Report

1. Profit Distribution Plan for 2020
2. Appointment of Auditors for 2021
3. General Mandate to the Board to Issue Shares
4. Change of Business Scope and Amendments to the Articles of Association

and

Notice of the 2020 Annual General Meeting

1. INTRODUCTION

The purpose of this circular is to provide you with the notice of the AGM and the information reasonably necessary to enable you to make an informed decision on whether to vote for or against the proposed resolutions at the AGM.

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LETTER FROM THE BOARD

At the AGM, ordinary resolutions will be proposed as follows:

1. to consider and approve the 2020 Report of the Board of Directors;
2. to consider and approve the 2020 Report of the Supervisory Committee;
3. to consider and approve the 2020 Audited Consolidated Financial Statements;
4. to consider and approve the 2020 Annual Report;
5. to consider and approve the profit distribution plan for 2020;
6. to consider and approve the appointment of auditors for 2021; and

At the AGM, special resolutions will be proposed as follows:

1. to consider and approve the grant of the General Mandate to the Board to issue Shares; and
2. to consider and approve the change of business scope and amendments to the Articles of Association.

In order to enable you to have a better understanding of the resolutions to be proposed at the AGM and to make an informed decision in the circumstance where sufficient and necessary information is available, the Company provided the Shareholders with detailed information in this circular.

2. BUSINESSES TO BE CONSIDERED AT THE AGM

2.1 To consider and approve the 2020 Report of the Board of Directors

The text of the 2020 Report of the Board of Directors is set out in the section headed "Report of the Board of Directors" in the 2020 Annual Report.

The 2020 Report of the Board of Directors was considered and approved by the Board on 24 March 2021 and is hereby proposed at the AGM for consideration and approval.

2.2 To consider and approve the 2020 Report of the Supervisory Committee

The text of the 2020 Report of the Supervisory Committee is set out in the section headed "Report of the Supervisory Committee" in the 2020 Annual Report.

The 2020 Report of the Supervisory Committee was considered and approved by the Supervisory Committee on 24 March 2021 and is hereby proposed at the AGM for consideration and approval.

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LETTER FROM THE BOARD

2.3 To consider and approve the 2020 Audited Consolidated Financial Statements

The 2020 Audited Consolidated Financial Statements are set out in the 2020 Annual Report.

The 2020 Audited Consolidated Financial Statements were considered and approved by the Board on 24 March 2021 and are hereby proposed at the AGM for consideration and approval.

2.4 To consider and approve the 2020 Annual Report

The 2020 Annual Report was considered and approved by the Board on 24 March 2021 and is hereby proposed at the AGM for consideration and approval.

2.5 To consider and approve the profit distribution plan for 2020

The profit distribution plan for 2020 was considered and approved by the Board on 24 March 2021, and the Board proposed the distribution of an annual dividend of RMB0.43 per Share (tax inclusive) for the year ended 31 December 2020 (the "Annual Dividend"). The profit distribution plan shall be subject to the consideration and approval of the Shareholders at the AGM. The Annual Dividend payable to Domestic Shareholders shall be paid in Renminbi and the Annual Dividend payable to H Shareholders shall be declared in Renminbi and paid in Hong Kong dollars, the exchange rate of which will be calculated based on the average exchange rate of Renminbi against Hong Kong dollars published by the People's Bank of China five business days prior to the AGM. Upon approval at the AGM, the Annual Dividend will be paid on or before Friday, 23 July 2021.

Subject to the approval of the Shareholders at the AGM, the Annual Dividend will be distributed to the Shareholders whose names appear on the register of members of the Company at the close of business on Friday, 4 June 2021. For the purpose of determining the entitlement of the H Shareholders of the Company to the Annual Dividend, the H Share register of members of the Company will be closed from Thursday, 3 June 2021 to Friday, 4 June 2021, both days inclusive, during which period no transfer of H Shares will be registered. In order for H Shareholders to qualify for the proposed Annual Dividend, all properly completed share transfer forms together with the relevant share certificates must 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 Wednesday, 2 June 2021.

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LETTER FROM THE BOARD

Pursuant to the Enterprise Income Tax Law of the PRC 《( 中華人民共和國企業 所得稅法》) which came into effect on 1 January 2008, and amended on 24 February 2017 and 29 December 2018, the Provision for Implementation of Enterprise Income Tax Law of the PRC 《( 中華人民共和國企業所得稅法實施條例》) which took effect on 1 January 2008 and amended on 23 April 2019, and the Notice on the Issues Concerning Withholding the Enterprise Income Tax on the Dividends Paid by Chinese Resident Enterprise to H Shareholders which are Overseas Non-residentEnterprises (Guo Shui Han [2008] No. 897) 《( 關於中國居民企業向境外H股非居民企業 股東派發股息代扣代繳企業所得稅有關問題的通知》(國稅函[2008]897號)), which was promulgated by the State Administration of Taxation and came into effect on 6 November 2008, etc., where a PRC domestic enterprise distributes dividends for 2008 and subsequent years for financial periods beginning from 1 January 2008 to non-residententerprise shareholders, it is required to withhold 10% enterprise income tax for such non-residententerprise shareholders. Therefore, as a PRC domestic enterprise, the Company will, after withholding 10% of the annual dividend as enterprise income tax, distribute the annual dividend to non-residententerprise Shareholders whose names appear on the H Share register of members of the Company, i.e. any Shareholders who hold H Shares in the name of non-individualshareholders, including but not limited to HKSCC Nominees Limited, other nominees, trustees, or H Shareholders registered in the name of other organizations and groups. After receiving dividends, the non-residententerprise Shareholders may apply to the relevant tax authorities for enjoying treatment of taxation treaties (arrangement) in person or by proxy or by the Company, and provide information to prove that it is an actual beneficiary under the requirements of such taxation treaties (arrangement). After the tax authorities have verified that there is no error, it shall refund the tax difference between the amount of tax levied and the amount of tax payable calculated at the tax rate under the requirements of the relevant taxation treaties (arrangement).

On 28 June 2011, the State Administration of Taxation promulgated the Notice on the Issues on Levy of Individual Income Tax after the Abolishment of Guo Shui Fa [1993] No. 045 Document (Guo Shui Han [2011] No. 348) 《( 關於國稅發[1993]045號 文件廢止後有關個人所得稅徵管問題的通知》(國稅函[2011]348號)) (the "No. 348 Circular"). Pursuant to the No. 348 Circular, foreign resident individual shareholders holding the shares of a domestic non-foreign-investedenterprise is entitled to the relevant preferential tax treatments pursuant to the provisions in the tax treaties between the country(ies) in which they are domiciled and the PRC, and the tax arrangements between the PRC and Hong Kong or Macau. Pursuant to the No. 348 Circular, individual income tax at a tax rate of 10% may in general be withheld in respect of the dividend and bonus to be distributed by the domestic non-foreign-investedenterprises whose shares have been issued in Hong Kong, without the need to make any application for preferential tax treatments. However, the tax rate for each foreign resident individual shareholder may vary depending on the relevant tax treaties between the country(ies) of their domicile and the PRC.

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LETTER FROM THE BOARD

Pursuant to the relevant requirements under the Notice on the Tax Policies Related to the Pilot Program of the Shenzhen-HongKong Stock Connect (Cai Shui [2016] No. 127) 《( 關於深港股票市場交易互聯互通機制試點有關稅收政策的通知》(財稅 [2016]127號)), for dividends and bonus received by domestic investors from investing in H shares listed on the Stock Exchange through southbound trading, the company that issued such H shares shall withhold individual income tax at the rate of 20% on behalf of the investors. For dividends and bonus received by domestic securities investment funds from investing in shares listed on the Stock Exchange through southbound trading, the tax payable shall be the same as that for individual investors. The company that issued such H shares will not withhold the income tax for dividends and bonus on behalf of domestic enterprise investors and those domestic enterprise investors shall declare and pay the relevant tax themselves.

2.6 To consider and approve the appointment of auditors for 2021

The 2020 Audited Consolidated Financial Statements of the Group were audited by BDO. The term of office of both BDO and BDO China will expire upon the 2020 AGM. In order to maintain the continuity of the work, the Board recommends the appointment of BDO and BDO China as the overseas auditor and domestic auditor of the Company for 2021, respectively, for a term until the conclusion of the next annual general meeting.

Such proposal was considered and approved by the Board on 13 April 2021 and is hereby proposed at the AGM for consideration and approval (including approving the Board to authorise the management to determine their remunerations and entering into the relevant agreements).

2.7 To consider and approve the grant of the General Mandate to the Board to issue Shares

In order to meet the Company's business development needs and with reference to market practices, to ensure that the Company provides the Board with discretion and flexibility to issue new Shares as and when appropriate, and in accordance with the applicable laws and regulations of the PRC, the Listing Rules and the Articles of Association, the Company proposes to grant the General Mandate to the Board by way of resolution at the AGM to approve, allot, issue or deal with additional Domestic Shares and H Shares not exceeding 20% of each of the total number of Domestic Shares and H Shares, respectively, in issue. As of the Latest Practicable Date, the issued share capital of the Company comprised 400,000,000 Domestic Shares and 153,333,400 H Shares. Subject to the passing of the resolution related to the granting of the General Mandate and based on the assumption that no further Shares will be issued before the AGM, the Company will be allowed to issue a maximum of 80,000,000 Domestic Shares and 30,666,600 H Shares in accordance with the General Mandate.

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LETTER FROM THE BOARD

1. Specific plans on the General Mandate:
2. 1. Subject to the conditions set out in (b) below, the Board is hereby authorised to approve, allot, issue or deal with Shares (Domestic Shares and/or H Shares), securities convertible into Shares, and options, warrants to subscribe for any Shares or convertible securities or other securities with the right to subscribe for or convert into Shares, separately or at the same time during the Relevant Period (as defined below).
   2. The number of Shares (Domestic Shares and/or H Shares), securities convertible into Shares, or options, warrants to subscribe for any Shares or convertible securities or other securities with the right to subscribe for or convert into Shares (which shall be calculated on the basis of the number of Domestic Shares and/or H Shares that such securities can be converted into/be allotted) proposed to be approved, allotted, issued or dealt with by the Board shall not exceed 20% of each of the number of issued Domestic Shares and H Shares, respectively, of the Company on the date of passing such resolution at the AGM.
   3. For the purposes of this resolution:
      "Relevant Period" means the period from the date on which this special resolution is passed at the AGM until the earliest of: (1) the conclusion of the next annual general meeting of the Company following the date of passing of this resolution; (2) the expiration of twelve months following the date of passing of this resolution;and (3) the date on which the authority granted to the Board under this resolution is revoked or varied by a special resolution of the Shareholders at a shareholders' general meeting.
   4. The Board is hereby authorised to determine the details of the issuance plan, including but not limited to: (1) the class and number of Shares proposed to be allotted, issued or dealt with; (2) the pricing method and/or the offer price (including the price range); (3) the date of opening and closing of the issuance; (4) the specific use of the proceeds raised; (5) the recommendation, agreement and share options to be made or granted for the exercise of the said power; and (6) other content to be included in the details of the issuance plan as required by the relevant laws and regulations and other regulatory documents, the relevant regulatory authorities and the local stock exchange.

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LETTER FROM THE BOARD

1. 1. The Board is hereby authorised to implement the issuance plan and deal with the matters related to an increase in the registered capital of the Company so as to reflect the Shares authorised to be issued by the Company under this resolution, and to make such amendments as it deems appropriate and necessary to the provisions related to the issuance of Shares and registered capital in the Articles of Association, and to adopt and complete any other actions and procedures that are necessary for the implementation of the issuance plan and the completion of the increase in the registered capital of the Company.
2. Relevant mandate

1. In order to enhance the efficiency of decision-making, reduce internal approval procedures and grasp market opportunities, the General Mandate to issue Shares is proposed to the shareholders' general meeting for approval.
2. The Board and any persons authorised by the Board are authorised to deal with the matters in connection with the General Mandate to issue Shares.

2.8 To consider and approve the change of business scope and amendments to the Articles of Association

To satisfy the needs of the business development of the Company, the Board

proposed to expand the business scope of the Company to include the items related to innovation industry service, vehicle service, information service and business development service. In addition, in view of the business scope formulated by the State Administration for Market Regulation and adopted by Guangzhou, the Board proposed to change the relevant items which are no longer applicable in the business scope of the Company.

For details in relation to the change of business scope, please refer to the amendments to Article 11 of the Articles of Association as set out in Appendix I of this circular.

The proposed change of business scope is conditional upon the following conditions being satisfied:

1. passing of special resolutions by the Shareholders at the AGM to approve the change of business scope; and
2. obtaining all the necessary approvals from the Guangzhou Administration for Market Regulation for the change of business scope.

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LETTER FROM THE BOARD

The proposed change of business scope will be put forward to the Shareholders for approval by way of a special resolution at the AGM. The application for and filing of change and registration with the Guangzhou Administration for Market Regulation will be made by the Company after the passing of the relevant special resolution at the AGM. Subject to satisfaction of the conditions set out above, the proposed change of business scope will take effect from the date on which the business licence in relation to the amended business scope is issued by the Guangzhou Administration for Market Regulation.

In view of the proposed change of the business scope, the Board proposed to amend Article 11 of the Articles of Association. Please refer to Appendix I to this circular for details of the proposed amendments to Articles of Association.

The Articles of Association are prepared in Chinese with no official English version. Any English translation is for reference only. In the event of any inconsistency, the Chinese version shall prevail.

3. AGM AND PROXY ARRANGEMENT

The proxy form of the AGM is enclosed herewith.

If you intend to appoint a proxy to attend the AGM, you are required to complete and return the accompanying proxy form in accordance with the instructions printed thereon. H Shareholders are required to return the proxy form to the Company's H Share Registrar, Tricor Investor Services Limited, at Level 54, Hopewell Centre, 183 Queen's Road East, Hong Kong and Domestic Shareholders are required to return the proxy form to the Company's principal place of business in the PRC at Rooms 201-208, No. 688 Yue Jiang Zhong Road, Hai Zhu District, Guangzhou, Guangdong Province, the PRC by personal delivery or by post not less than 24 hours before the time fixed for holding the AGM or any adjourned meeting thereof. Completion and return of the proxy form will not preclude you from attending and voting in person at the AGM or at any adjourned meeting should you so wish.

For the purpose of determining the shareholders' eligibility to attend and vote at AGM (and any adjourned meeting thereof), 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 AGM, 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 AGM.

For the purpose of determining the identity of the Shareholders entitled to the annual dividend in respect of the year ended 31 December 2020, the H Share register of members of the Company will be closed from Thursday, 3 June 2021 to Friday, 4 June 2021, both days inclusive, during which period no transfer of H Shares will be registered. For

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LETTER FROM THE BOARD

entitlement to the above annual dividend, all share certificates together with the share transfer forms 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 not later than 4:30 p.m. on Wednesday, 2 June 2021. Shareholders whose names appear on the register of members of the Company on Friday, 4 June 2021 are entitled to receive the above proposed annual dividend.

4. VOTING BY POLL

According to Rule 13.39(4) of the Listing Rules, any vote of Shareholders at the AGM must be taken by poll. Accordingly, the chairman of the AGM will exercise his power under the Articles of Association to demand a poll in relation to all the proposed resolutions at the AGM. The Company will announce the results of the poll in the manner prescribed under Rule 13.39(5) of the Listing Rules.

5. RECOMMENDATION

The Board (including independent non-executive Directors) considers that all resolutions proposed at the AGM are fair and reasonable and in the best interests of the Company and the Shareholders as a whole. Accordingly, the Board recommends the Shareholders to vote in favour of the proposed resolutions at the AGM.

6. FURTHER INFORMATION

Your attention is drawn to other parts of this circular, which contain further information on the Group and other information required to be disclosed under the Listing Rules.

Yours faithfully,

By Order of the Board

POLY PROPERTY SERVICES CO., LTD.

Huang Hai

Chairman of the Board and Non-executive Director

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APPENDIX I PROPOSED AMENDMENTS TO THE ARTICLES OF ASSOCIATION

Details of the proposed amendments to the Articles of Association are as follows (deleted texts are presented in strikethrough and additional texts are presented in underline):

Original Article 11: Business scope of the Company: property management; hotel management; conference and exhibition services; real estate agency services; venue rental (excluding warehousing); family services; building cleaning services; landscaping construction services; building construction works; furniture retail; interior decoration and refurbishment; municipal public works; mechanical and electrical equipment installation services; post-construction decoration, refurbishment and cleaning; waterproof and leakage repair works on building structure; installation of building electric power system; smart installation services; surveillance system installation services; security monitoring and anti-theft alarm system construction services; wholesale trade of commodities (except for commodities requiring license); corporate management consultancy services; acceptance and inspection services for commodity properties; catering management; department store retail (except food retail); fruit retail; dried fruit and nut retail; fresh poultry retail; egg retail; aquatic products retail; domestic tourism and inbound tourism solicitation and consultancy services; outbound tourism solicitation and consultancy services; border tourism solicitation and consultancy services; operation activities for self-owned real estates; property leasing; greening, maintenance and pest control services; wholesale of construction materials and decorative materials; retail of office equipment and consumables; office services; landscape, green space and facilities construction works; indoor non-shooting,non-ball,non-board game competitive entertainment activities (excluding electronic entertainment, rock climbing, trampoline); parking lot management; retail of dried seafood; laundry service; education consultancy service; retail of kitchen utensils and daily sundries; retail of communication equipment; health management and consultancy services (except for diagnosis activities and psychological consultation requiring approval, excluding licensed operations, and operating activities forbidden by laws and regulations are prohibited); nursing services (not involving accommodation, medical diagnosis, treatment and rehabilitation services); retail of cosmetic and hygiene products; retail of medical supplies and equipment (excluding medicines and medical devices); medical equipment rental services; investment and development of the elder care industry; cleaning, collection and transportation services for urban domestic wastes; retail of prepackaged food; retail of foodstuff and cooking oil; retail of alcoholic beverages; retail of health food (subject to the Food Business License for individual items); retail of pastry and bread; labour dispatch service; car repair and maintenance; retail of dairy products; retail of cooked food; vocational skills training (subject to the School Operation Permit for individual items); care services for the elderly and disabled (not involving medical diagnosis, treatment and rehabilitation services); licensed medical device business; car cleaning services; security services; collection and wholesale of recyclable materials; food and beverage delivery services; Chinese food service; fast food service; swimming pool; convenience store operation and convenience store chain operation; small grocery stores and tuck shops; management of hospitals; patient caring services (not involving medical diagnosis, treatment and rehabilitation services); landscaping for hospitals and medical institutions; repair of medical devices; operation, repair and management of boilers; operation, repair and management of heating devices; management of the appearance of urban and rural areas; garbage segregation services; advertising industry; literature and art creation services; booth design services; planning of creative services; corporate image planning

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APPENDIX I PROPOSED AMENDMENTS TO THE ARTICLES OF ASSOCIATION

services; marketing planning services; organisation and planning services for large-scale activities (large-scale activities referring to evening parties, sports competitions, celebrations, art and modelling contests, art festivals, film festivals and public welfare performances, exhibitions, etc., and activities subject to special approval shall be conducted only after approval is obtained); retail and trading of commodities (except for commodities requiring license); graphic design services; corporate etiquette services; photography services; business consulting services; graphic design; advertisement design, production, agency and publication; real estate consulting services; mortgage agency services; general retail of daily sundries; retail of vegetables; retail of non-alcoholic beverage and tea leaves; retail of tobacco products; ticketing services; travel agency and related services; automobile maintenance; auto detailing; sales of second-hand automobiles; sales of automobile accessories; repair of home electronic products; repair of electronic appliances; maintenance of electrical and mechanical equipment of buildings; repair and maintenance of elevators; installation and repair of water and electricity facilities; designated driving services; water pollution management; atmospheric pollution management; solid waste management; soil remediation; sewage treatment and recycling; promotion services for environmental protection technologies; consultation and communication services for environmental protection technologies; Internet of Things services; management of urban public resources; operation, management and maintenance of environmental sanitation, landscaping, city illumination and water resources; disposal of municipal wastes; management services for construction waste yards, spoil grounds and muck grounds; cleaning and disinfection of secondary water supply facilities for domestic drinking water; snow removal and transportation services and management of snow dump sites; noise and vibration control services; elimination of rats, sparrows, flies and mosquitoes; prevention and control of termites; research and development and installation of smart equipment and facilities; smart construction; big data and information consulting services; logistics management services for enterprises and public institutions; sports venue and gymnasium services (except for natatoriums); operation services for scenic areas; advisory for operation of scenic areas; river management; management of tourist attractions; logistics management services for schools; management services for gymnasiums; (items subject to the legal approval shall be allowed for operations only after approval by the relevant authorities is obtained).

The business scope as referred to in the preceding paragraph shall be subject to the approval of registration by the company registration authority.

Amended as: Business scope of the Company: property management; hotel management; conference and exhibition services; real estate agency services; venue rental (excluding warehousing)residential lease; non-residentialreal estate lease; familyhousekeepingservices; building cleaning services; landscaping construction servicesworks; general contracting of building construction worksand municipal infrastructure projects; furniture saleretail; residential interior decoration and refurbishment; municipal public works; mechanical and electrical equipment installation services; post-constructiondecoration, refurbishment and cleaning; waterproof and leakage repair works on building structure; installation of building electric power systemwater and electricity installation and maintenance services for residential

properties; smart installation servicesintelligent building construction works;

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APPENDIX I PROPOSED AMENDMENTS TO THE ARTICLES OF ASSOCIATION

surveillance system installation services; security monitoring and anti-theftalarm system construction servicessecurity system monitoring services; wholesale tradeof commoditiesdaily necessities(except for commodities requiring license); corporate management consultancy services; enterprise credit management and consulting services;acceptance and inspection services for commodity properties;catering management; department store retail (except food retail)sale of general merchandise; freshfruit retail; sale of raw nuts anddried fruit and nut retail; fresh poultryraw meatretail; fresh egg retail; aquatic products retail; domestic tourism and inboundtourism solicitation and consultancy services at travel agency outlets; outbound tourism solicitation and consultancy services; border tourism solicitation and consultancy services; operation activities for self-ownedreal estates; property leasing;urbangreening management, maintenance and pest control services; wholesalesaleof construction materialsand decorative materials; retailsaleof office equipment and consumables; office services; landscape, green space and facilities construction works; indoor non-shooting, non-ball, non-boardgame competitive entertainmentsinging and dancing entertainmentactivities (excluding electronic entertainment, rock climbing, trampoline); recreational activities;parking lot managementservices; retail of dried seafood;laundry and ironingservice; education consultancy service (excluding educational training activities requiring license approval); retail of kitchen utensils, sanitary wareand daily sundries; retailsaleof communication equipment; health management andconsultancy services (excluding diagnosis and treatment services)(except for diagnosis activities and psychological consultation requiring approval, excluding licensed operations, and operating activities forbidden by laws and regulations are prohibited); nursing facilityservices (excluding medical services)(not involving accommodation, medical diagnosis, treatment and rehabilitation services); retail of cosmetic and hygieneproducts; retail of medical supplies and equipment (excluding medicines and medical devices)sale of hygiene products and disposable medical supplies; medical equipment rental services; investment and development of theelder care servicesindustry; cleaning, collection and transportationbusinessservices for urban domestic wastes; food business (saleretailof prepackaged food); retail of foodstuff and cooking oil; retail ofalcoholic beveragesbusiness; retailsaleof health food (subject to the Food Business License for individual items); retail of pastry and bread;labour dispatch service; carautomobilerepair and maintenance; retail of dairy products; retail of cooked food; vocational skills training (subject to the School Operation Permit for individual items); care services for the elderly and disabled (not involving medical diagnosis , treatment and rehabilitation services); licensedsale of Class I medical devicesbusiness; sale of Class II medical devices; car cleaning services; security services; collection and wholesale of recyclable materialsresources (except for production scrap metals); food and beverage deliverytakeaway and deliveryservices; Chinese food service; fast foodcateringservice; swimming pool; convenience store operation and convenience store chain operation; small grocery stores and tuck shopssnack and grocery; management of hospitals; patient caring services (not involving medical diagnosis, treatment and rehabilitation services); landscaping for hospitals and medical institutions; repair of medical devices; operation, repair and management of boilers; operation, repair and management of heating devices; management of the appearance of urban and rural areas; garbage segregation services; advertising industry;advertisement design and agency; advertisement production;

advertisement publication (non-radio stations, non-television stations, non-newspaper

publishers);literature and art creation services; boothprofessionaldesign services;

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APPENDIX I PROPOSED AMENDMENTS TO THE ARTICLES OF ASSOCIATION

planning of creativesocio-economicconsultingservices; corporate image planning services; marketing planning services; organisation and planning services for large-scaleactivities (large-scaleactivities referring to evening parties, sports competitions, celebrations, art and modelling contests, art festivals, film festivals and public welfare performances, exhibitions, etc., and activities subject to special approval shall be conducted only after approval is obtained); retail and trading of commodities (except for commodities requiring license); graphic design services; corporateetiquette services; photography and photographic processing services; business consulting services; graphic design; advertisement design, production, agency and publication;real estate consulting services; mortgagebusinessagency services; general retailsaleof daily sundries; retail of freshvegetables; retail of non-alcoholicbeverage and tea leaves;retail of tobacco products; ticketing agency services; travel agency and related services; automobile maintenance; auto detailing; salesdealershipof second-hand automobiles; sales of automobile accessories; repair of home electronic products;repair of electronic appliances; maintenance of electrical and mechanical equipment of buildings; repair and maintenance of elevators; installation and repair of water and electricity facilities;designated driving services; water pollution management; atmospheric pollution management; solid waste management; soil pollution control andremediation services; sewage treatment and recycling; promotion services for environmental protectiontechnologies; environmental protection consultation and communication services for environmental protection technologies; Internet of Things application services; management of urban public resources; operation, management and maintenance of environmental sanitation, landscaping, city illumination and water resources; disposal of municipal wastes; management services for construction waste yards, spoil grounds and muck grounds; cleaning and disinfection of secondary water supply facilities for domestic drinking water; snow removal and transportation services and management of snow dump sites; noise and vibration control services; elimination of rats, sparrows, flies and mosquitoes; prevention and control of termites; research and development and installation of smart equipment and facilities; smart construction; big data and information consulting services; logistics management services for enterprises and public institutions; sports venue and gymnasium services (except for natatoriums); operation services for scenic areas; advisory for operation of scenic areas; river management; management of tourist attractions; logistics management services for schools; management services for gymnasiums;operation of sports venues and facilities (excluding high-risksports activities); consulting and planning services; aviation business services; road cargo transportation (including dangerous goods); insurance agency business; car leasing; sale of new car; sale of distributed AC charging piles; sale of forestry products; sale of refrigeration and air-conditioningequipment; sale of knitwear and textile products; retail of hardware products; sale of home appliances; sale of labour protection products; sale of disinfectants (excluding hazardous chemicals); retail of automobile parts; professional sanitary, cleaning and disinfection services; home appliance installation service; fire protection facilities construction works; overseas contracted projects; general mechanical equipment installation services; maintenance of electronic and mechanical equipment (excluding special equipment); category 2 value-addedtelecommunication business; internet information services; construction management service.(Items subject to the legal approval shall be allowed for operations only after approval by the relevant authorities is obtained).

The business scope as referred to in the preceding paragraph shall be subject to the approval of registration by the company registration authority.

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NOTICE OF THE 2020 ANNUAL GENERAL MEETING

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)

NOTICE OF THE 2020 ANNUAL GENERAL MEETING

NOTICE IS HEREBY GIVEN THAT the 2020 annual general meeting (the "AGM") of Poly Property Services Co., Ltd. (the "Company") will be held at 9:30 a.m. at the Conference Room, 2nd Floor, East Tower, Poly Plaza, No. 832 Yue Jiang Zhong Road, Hai Zhu District, Guangzhou, Guangdong Province, the PRC on Friday, 28 May 2021 for the purposes of considering and, if thought fit, approving the following resolutions. In this notice, unless the context otherwise requires, terms used herein shall have the same meanings as defined in the Company's circular dated 28 April 2021 (the "Circular"):

ORDINARY RESOLUTIONS

1. To consider and approve the 2020 Report of the Board of Directors.
2. To consider and approve the 2020 Report of the Supervisory Committee.
3. To consider and approve the 2020 Audited Consolidated Financial Statements.
4. To consider and approve the 2020 Annual Report.
5. To consider and approve the profit distribution plan for 2020 (the proposal of an annual dividend of RMB0.43 per Share (tax inclusive)).
6. To consider and approve the appointment of BDO Limited and BDO China SHU LUN PAN Certified Public Accountants LLP as the overseas auditor and domestic auditor of the Company for 2021, respectively, for a term until the conclusion of the next annual general meeting of the Company, and to approve the Board to authorise the management to determine their remunerations and enter into the relevant agreements.

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NOTICE OF THE 2020 ANNUAL GENERAL MEETING

SPECIAL RESOLUTIONS

1. To consider and approve the grant of the General Mandate to the Board to issue Shares. Details of the resolutions are set out in the Circular.
2. To consider and approve the change of business scope and amendments to the Articles of Association.

By Order of the Board

POLY PROPERTY SERVICES CO., LTD.

Huang Hai

Chairman of the Board and Non-executive Director

Guangzhou, China, 28 April 2021

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

Notes:

1. All resolutions at the AGM will be taken by poll pursuant to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules"). The results of the poll will be published on the designated website of The Stock Exchange of Hong Kong Limited (www.hkexnews.hk) and the website of the Company (www.polywuye.com) in accordance with the Listing Rules.
2. All shareholders of the Company are eligible for attending the AGM. Any shareholder of the Company entitled to attend and vote at the AGM convened by the above notice is entitled to appoint a proxy or more than one proxy to attend the AGM and vote instead of him/her. A proxy need not be a shareholder of the Company. If more than one proxy is appointed, the number of shares in respect of which each such proxy so appointed must be specified in the relevant proxy form. Every shareholder of the Company present in person or by proxy shall be entitled to one vote for each share held by him/her.
3. In order to be valid, the proxy form together with the power of attorney or other authority (if any) under which it is signed, or a notarially certified copy thereof, must be completed and returned to (i) the Company's principal place of business in the People's Republic of China (the "PRC") at Rooms 201-208, No. 688 Yue Jiang Zhong Road, Hai Zhu District, Guangzhou, Guangdong Province, the PRC (for Domestic shareholders) or (ii) the Company's H Share Registrar, Tricor Investor Services Limited, at Level 54, Hopewell Centre, 183 Queen's Road East, Hong Kong (for H shareholders) not less than 24 hours before the time appointed for the AGM. Completion and return of the proxy form will not preclude a shareholder of the Company from attending and voting at the AGM or any adjourned meeting thereof should he/she so wish.
4. For the purpose of determining the shareholders' eligibility to attend and vote at the AGM (and any adjourned meeting thereof), 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 AGM, 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 AGM.

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NOTICE OF THE 2020 ANNUAL GENERAL MEETING

1. For the purpose of determining the identity of the Shareholders entitled to the annual dividend in respect of the year ended 31 December 2020, the H Share register of members of the Company will be closed from Thursday, 3 June 2021 to Friday, 4 June 2021, both days inclusive, during which period no transfer of H Shares will be registered. For entitlement to the above annual dividend, all share certificates together with the share transfer forms 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 not later than 4:30 p.m. on Wednesday, 2 June 2021. Shareholders whose names appear on the register of members of the Company on Friday, 4 June 2021 are entitled to receive the above proposed annual dividend.
2. The AGM is expected to take no more than half a day. Shareholders of the Company who attend the AGM (in person or by proxy) shall bear their own travelling and accommodation expenses. Shareholders of the Company may contact the Company via telephone at +86 20 8989 9959 and email at stock@polywuye.com for any enquires in respect of the AGM.

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