Ching Lee : CHANGE OF COMPANY SECRETARY

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited (the ''Stock Exchange'') 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.

Ching Lee Holdings Limited

正 利 控 股 有 限 公 司

(incorporated in the Cayman Islands with limited liability)

(Stock code: 8318)

CHANGE OF COMPANY SECRETARY

The board of directors (the ''Board'') of Ching Lee Holdings Limited (the ''Company'') hereby announces that Mr. Chan Ming Hang (''Mr. Chan'') tendered his resignation as the company secretary of the Company (the ''Company Secretary'') with effect from 14 August 2017. Mr. Chan has confirmed that there is no disagreement with the Board and that there is no matter in relation to his resignation that needs to be brought to the attention of The Stock Exchange of Hong Kong Limited and the shareholders of the Company.

The Board is also pleased to announce that Mr. Tsui Wing Tak (''Mr. Tsui'') will be appointed as the Company Secretary under Rule 5.14 of the Rules Governing the Listing of Securities on the Growth Enterprise Market (the ''GEM Listing Rules'') with effect from 14 August 2017, to fill the vacancy arising from the resignation of Mr. Chan.

Mr. Tsui has more than 11 years of experience in the accounting and corporate field. Mr. Tsui has been the chief executive officer of AE Majoris Advisory Company Limited, which is principally engaged in the provision of corporate advisory services, since January 2012. He has been the executive director of Tree Holdings Limited since March 2016 where he has been responsible for financial management. He was the company secretary of Noble House (China) Holdings Limited (now known as Northern New Energy Holdings Limited) (stock code: 8246), a company listed on the Growth Enterprise Market, from July 2013 to August 2014. From August 2004 to January 2012, Mr. Tsui worked in an international accounting firm in Hong Kong with his last position as a manager in auditing. Mr. Tsui has been a non- executive director of CCT Land Holdings Limited (stock code: 261), a company listed on the Main Board of the Stock Exchange, since January 2017.

Mr. Tsui graduated from The Hong Kong University of Science and Technology with a degree of bachelor of business administration (honours) in accounting in November 2004. He was admitted as a certified public accountant and a certified public accountant (practising) of the Hong Kong Institute of Certified Public Accountants in January 2009 and January 2012, respectively.

In November 2016, the embassy of the Republic of the Uganda in Beijing appointed Mr. Tsui as Honorary Trade, Tourism and Investment Consultant/Adviser on China (Hong Kong and Macau SAR).

Mr. Tsui does not act as an individual employee of our Company, but as an external service provider in respect of the proposed appointment of Mr. Tsui as the company secretary of the Company. Under the GEM Listing Rules Appendix 15, in pursuant to paragraph F.1.1 of the Code of Corporate Governance, an issuer can engage an external service provider as its company secretary, provided that the issuer should disclose the identity of a person with sufficient seniority at the issuer whom the external provider can contact. While our Company is well aware of the importance of the company secretary in supporting the Board on governance matters, our Company, after having considered Mr. Tsui's experience, both our Company and Mr. Tsui are of the view that there will be sufficient time, resources and supporting for fulfilment of the company secretary requirements of our Company.

The Board would like to express its appreciation to Mr. Chan for his contribution to the Company during his term of service and welcome Mr. Tsui to his new appointment.

By order of the Board

Ching Lee Holdings Limited Mr. NG Choi Wah

Chairman

Hong Kong, 14 August 2017

As at the date of this announcement, the executive Directors are Mr. Ng Choi Wah, Mr. Lui Yiu Wing and Mr. Lam Ka Fai, and the independent non-executive Directors are Dr. Wai Wing Hong Onyx, Mr. Tong Hin Sum Paul and Mr. Chau Kam Wing Donald.

This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the GEM Listing Rules for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that, to the best of their knowledge and belief, (i) the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive; (ii) there are no other matters the omission of which would make any statement herein or in this announcement misleading; and (iii) all opinions expressed in this announcement have been arrived at after due and careful consideration and are founded on bases and assumptions that are fair and reasonable.

This announcement will remain on the ''Latest Company Announcements'' page of the GEM website at www.hkgem.com for at least 7 days from the date of its publication and on the Company's website at www.chingleeholdings.com.