Jun Yang Solar Power Investments : CHANGE OF AUDITORS

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Jun Yang Financial Holdings Limited

君陽金融控股有限公司

(Incorporated in Bermuda with limited liability)

(Stock code: 397) CHANGE OF AUDITORS

The Board announces that HLB has resigned as the auditor of the Company with effect from 18 January 2017.

The Board also announces that, with the recommendation of the audit committee of the Board, Deloitte has been appointed as the new auditor of the Company with effect from 18 January 2017 to fill the casual vacancy following the resignation of HLB and to hold office until conclusion of the forthcoming annual general meeting of the Company.

The board ("Board") of directors ("Directors") of Jun Yang Financial Holdings Limited ("Company", together with its subsidiaries, the "Group") announces that HLB Hodgson Impey Cheng Limited ("HLB") has resigned as the auditor of the Company with effect from 18 January 2017 as the Company and HLB could not reach a mutual agreement in respect of the audit fee for the financial year ended 31 December 2016.

HLB has confirmed that there are no other matters in connection with its resignation that needs to be brought to the attention of the shareholders of the Company. The Board has also confirmed that there are no matters or circumstances in respect of the change of the auditors which should be brought to the attention of the shareholders of the Company.

The Board further announces that, with the recommendation of the audit committee of the Board, Deloitte Touche Tohmatsu ("Deloitte") has been appointed as the new auditor of the Company with effect from 18 January 2017 to fill the causal vacancy following the resignation of HLB and to hold office until conclusion of the forthcoming annual general meeting of the Company.

The Board would like to take this opportunity to express its sincere gratitude to HLB for its professional services and support rendered to the Group in the past years.

Hong Kong, 18 January 2017

On behalf of the Board

Jun Yang Financial Holdings Limited Kwok Sze Yiu, Gordon

Chairman

As at the date of this announcement, the executive Directors are Mr. Kwok Sze Yiu, Gordon, Dr. Tang Sing Hing, Kenny and Mr. Ng Tang; and the independent non-executive Directors are Mr. Chan Chi Yuen, Mr. Chik Chi Man and Ms. Yiu Wai Yee, Catherine.