Step 1: Sign into Office admin portal via http://portal.office.com and open Exchange admin center
Step 2: Navigate to Recipients > Mailboxes.
Step 3: In the details pane, the mailbox properties will be configured for bulk edit. Scroll down to click More options.
Step 4: Under Sharing Policy, click Update.
Step 5: In bulk assign sharing policy, select the sharing policy from the list.
Step 6: Click save to apply the sharing policy to the selected mailboxes.