Rykadan Capital : CHANGE OF COMPANY SECRETARY, AUTHORISED REPRESENTATIVE, AUTHORISED REPRESENTATIVE UNDER THE COMPANIES ORDINANCE, AND PROCESS AGENT

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RYKADAN CAPITAL LIMITED

宏 基 資 本 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 2288)

CHANGE OF COMPANY SECRETARY, AUTHORISED REPRESENTATIVE,

AUTHORISED REPRESENTATIVE

UNDER THE COMPANIES ORDINANCE,

AND PROCESS AGENT

The board of Directors (the "Board") of Rykadan Capital Limited (the "Company", together with its subsidiaries, the "Group") announced that Ms. Yeung Man Yan Megan ("Ms. Yeung") has tendered her resignation as the company secretary of the Company (the "Company Secretary"). She will ceased to act as (i) an authorised representative of the Company (an "Authorised Representative under Listing Rules") for the purpose of Rule 3.05 of the Rules Governing the Listing of Securities (the "Listing Rules") on The Stock Exchange of Hong Kong Limited (the "Stock Exchange"); (ii) an authorised representative of the Company (an "Authorised Representative under Companies Ordinance") under Part 16 of the Companies Ordinance (Cap. 622 of the Laws of Hong Kong); and (iii) an authorised person to accept service of process and notices on behalf of the Company in Hong Kong (a "Process Agent") for the purpose of Rule 19.05(2) of the Listing Rules, all with effect from 21 February 2020.

Ms. Yeung has confirmed that she does not have any disagreement with the Board and there is no matter relating to her resignation that needs to be brought to the attention of the shareholders of the Company or the Stock Exchange.

The Board is pleased to announce that Mr. Lo Hoi Wah Heywood ("Mr. Lo") has been appointed as

1. the Company Secretary; (ii) an Authorised Representative under Listing Rules; (iii) an Authorised Representative under Company Ordinance; and (iv) a Process Agent, all with effect from 21 February 2020 to fill the vacancy arising from the resignation of Ms. Yeung.

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Mr. Lo joined the Group in 2012. He is currently our Chief Financial Officer and is responsible for overseeing the financial planning of the Group, managing new business unit growth and expanding different business. He also holds other directorships in the Company's subsidiaries. Following his appointment as the Company Secretary, Mr. Lo is also responsible for corporate governance and company secretarial matters of the Group.

Mr. Lo graduated from The University of Hong Kong with a Bachelor of Business Administration in 2005. He also graduated from The Hong Kong Polytechnic University with a Master of Corporate Finance in 2013. Mr. Lo is a member of the Hong Kong Institute of Certified Public Accountants. Prior to joining the Group, he had worked in an international audit firm and held senior finance and management position with a private company.

The Board would like to take this opportunity to express its gratitude to Ms. Yeung for her valuable contribution to the Company during her tenure of services and welcome Mr. Lo on his new appointment.

By order of the Board

Rykadan Capital Limited

Chan William

Chairman and Chief Executive Officer

Hong Kong, 21 February 2020

As at the date of this announcement, the Board comprises Mr. CHAN Willian (Chairman and Chief Executive Officer) and Mr. YIP Chun Kwok (Chief Operating Officer) as executive directors, Mr. NG Tak Kwan as a non-executive Director and Mr. TO King Yan, Adam, Mr. WONG Hoi Ki and Mr. HO Kwok Wah, George as independent non-executive Directors.

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