Hsin Chong : Re-designation of Director

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HSIN CHONG GROUP HOLDINGS LIMITED

新 昌 集 團 控 股 有 限 公 司

(Incorporated in Bermuda with limited liability)

(Stock Code: 00404) RE-DESIGNATION OF DIRECTOR

The board of directors (the "Board") of Hsin Chong Group Holdings Limited (the "Company" together with its subsidiaries, collectively the "Group") announces that with effect from 1 January 2017, Mr. LUI Chun Pong ("Mr. LUI") will be re-designated from an Executive Director to a Non-executive Director of the Company (the "Re-designation") because he would like to pursue other career and business opportunities. After the Re-designation, he remains as a member of the Nomination Committee, but ceases to be a member of the Executive Committee.

The biographical details of Mr. LUI are set out as below:

Mr. LUI, aged 48, joined the Group in 2010 as Group Financial Controller. He was promoted to Finance Director of Hsin Chong Construction Company Limited in 2014, and to Acting Chief Financial Officer of the Group in July 2015. He was further appointed as an Executive Director and Chief Financial Officer in September 2015. Mr. LUI stepped down from the role of Chief Financial Officer of the Group with effect from 1 December 2016.

Mr. LUI is currently a director of certain subsidiaries of the Company and also an executive director of Synergis Holdings Limited (a former non-wholly owned subsidiary of the Company), whose shares are listed on the main board of the Stock Exchange.

While working in the Group, Mr. LUI was responsible for overseeing the finance and accounting operations, budgetary control, group financial control and cashflow management. He has over 26 years of experience in corporate accounting, financing and tax administration in the real estate business like property development, property investment and property management, in addition to company secretarial practices of Hong Kong listed companies. Before joining the Group, Mr. LUI held senior positions of a number of Hong Kong companies listed on the main board of the Stock Exchange.

Mr. LUI obtained a Bachelor degree of Arts from the University of Hong Kong, a Master degree of Laws in the Chinese University of Hong Kong, a Master degree of Accountancy from Charles Sturt University in Australia and an Executive Master degree of Business Administration from the City University of Hong Kong. He is a Certified Public Accountant and a Certified Tax Advisor in Hong Kong, and a Chartered Certified Accountant and a Chartered Secretary in the United Kingdom.

Mr. LUI also serves the community through participation of promoting sports, and youth and students' affairs in Hong Kong. Mr. LUI was a baseball coach and was appointed as a team secretary and a deputy delegate leader of Hong Kong Women's Baseball Team to join the Women's Baseball World Cup in 2006 and in 2014 respectively. For the public services in youth and students' affairs, Mr. LUI is a leader of various leadership mentoring programmes in Hong Kong United Youth Association, Association of Chartered Certified Accountants and Hong Kong Professionals and Senior Executives Association. Mr. LUI was a director of Hong Kong United Youth Association in 2014/2015 and is currently a member of Hong Kong Student Affairs Sub-committee of Association of Chartered Certified Accountants and Budget Proposal 2017-18 Sub-committee of Hong Kong Institute of Certified Public Accountants.

As at the date of this announcement, Mr. LUI has 750,000 share options which were granted pursuant to the share option scheme adopted by the Company on 22 May 2008. Save as disclosed, Mr. LUI did not have any other interest in the shares of the Company within the meaning of Part XV of Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

Save as disclosed above, as at the date of this announcement, (a) Mr. LUI does not hold any other major appointments and has not held any position or directorship in any other listed public companies in the last three years preceding the date of this announcement; (b) he does not have any other relationship with any directors, senior management or substantial or controlling shareholders of the Company; and (c) he does not hold any other position with the Company or its subsidiaries.

Pursuant to his letter of appointment with the Company, Mr. LUI is appointed for a term of 2 years commencing from 1 January 2017 up to and including 31 December 2018 (which is renewable upon expiry). He will be subject to retirement by rotation and re-election at least once every three years at annual general meetings pursuant to the Bye-laws of the Company. Mr. LUI is entitled to an annual director's fee of HK$250,000 to act as a Non-executive Director and an annual fee of HK$10,000 to act as a member of the Nomination Committee for the financial year ending 2017. Such remuneration is determined with reference to his duties and responsibilities in the Company, the Company's remuneration policy and the prevailing market situation (subject to review by the Board from time to time).

Save as disclosed above, there is no other information that is required to be disclosed pursuant to the requirements under Rules 13.51(2)(h) to 13.51(2)(v) of the Rules Governing the Listing of Securities on the Stock Exchange nor are there any other matters that need to be brought to the attention of the shareholders of the Company in respect of the re-designation of Mr. LUI.

By order of the Board of

Hsin Chong Group Holdings Limited LIN Zhuo Yan

Non-Executive Chairman

Hong Kong, 30 December 2016

As at the date of this announcement, the Board comprises Mr. LIN Zhuo Yan as the Non- Executive Chairman; Ir. Joseph CHOI Kin Hung (Co-Chief Executive Officer), Mr. ZHOU Wei (Chief Strategic Officer), Mr. Wilfred WU Shek Chun (Chief Risk Officer) and Mr. LUI Chun Pong as Executive Directors; Mr. YAN Jie, Mr. CHEN Lei and Mr. CHUI Kwong Kau as Non-executive Directors; and Mr. CHENG Sui Sang, Ms. LEE Jai Ying, Mr. KWOK, Shiu Keung Ernest and Mr. George YUEN Kam Ho as Independent Non-executive Directors.