Shanghai Realway Capital Assets Management : CHANGE OF DIRECTOR; CHANGE IN COMPOSITION OF BOARD COMMITTEE; CHANGE OF CHIEF FINANCIAL OFFICER; AND CHANGE OF AUTHORISED REPRESENTATIVE

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Shanghai Realway Capital Assets Management Co., Ltd.

(A joint stock limited company incorporated in the People's Republic of China with limited liability)

(Stock Code: 1835)

CHANGE OF DIRECTOR;

CHANGE IN COMPOSITION OF BOARD COMMITTEE;

CHANGE OF CHIEF FINANCIAL OFFICER; AND CHANGE OF AUTHORISED REPRESENTATIVE

The Board is pleased to announce that with effect from 15 March 2021:

(1) Ms. Su Yi has resigned as an executive Director, an authorised representative, the chief financial officer and a member of the remuneration committee of the Company;

(2) Ms. Chen Min has been appointed as an executive Director, an authorised representative and a member of the remuneration committee of the Company; and

(3) Mr. Sun Mao has been appointed as the chief financial officer of the Company.

RESIGNATION OF EXECUTIVE DIRECTOR, AUTHORISED REPRESENTATIVE, CHIEF FINANCIAL OFFICER AND MEMBER OF REMUNERATION COMMITTEE

The board (the ''Board'') of directors (the ''Directors'') of Shanghai Realway Capital Assets Management Co., Ltd. (the ''Company'', and together with its subsidiaries, the ''Group'') hereby announces that with effect from 15 March 2021, Ms. Su Yi (''Ms. Su'') has tendered her resignation as executive Director, authorised representative, chief financial officer and member of remuneration committee of the Company under the Rules Governing the Listing of Securities (the ''Listing Rules'') on The Stock Exchange of Hong Kong Limited (the ''Stock Exchange'') to devote more time on her personal business. Ms. Su will remain as a director and responsible officer of Realway (Hong Kong) Assets Management Limited (瑞威（香港）資產管理有限公司 )( ''HK Realway''), a wholly-owned subsidiary of the Company and a corporation licensed by the Securities and Futures Commission (the ''SFC'') to conduct type 4 (advising in securities) and type 9 (asset management) regulated activities under the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) (the ''SFO'').

Ms. Su has confirmed that she has no disagreement with the Board and there is no other matter relating to her resignation which needs to be brought to the attention of the shareholders of the Company (the ''Shareholders'') or the Stock Exchange.

The Board would like to express its gratitude to Ms. Su for her contribution to the Company during her term of service.

APPOINTMENT OF EXECUTIVE DIRECTOR, AUTHORISED REPRESENTATIVE AND MEMBER OF REMUNERATION COMMITTEE

By recommendation of the nomination committee of the Company, the Board approved the appointment of Ms. Chen Min (''Ms. Chen''), the chief risk management officer of the Company, as the executive Director, authorised representative under Rule 3.05 of the Listing Rules and member of remuneration committee with effect from 15 March 2021, who shall serve her office until the next annual general meeting at which Ms. Chen will be eligible for re-election.

Ms. Chen's biographical details are set out below:

Ms. Chen, aged 41, was appointed as the chief risk management officer of the Company in January 2010 and is primarily responsible for overseeing the legal compliance and risk management of the Group. In January 2020, Ms. Chen was appointed as a responsible officer of HK Realway. From August 2001 to May 2004, Ms. Chen worked at Shanghai United Law Firm (上海市聯合律師事務所) with her last position being a practicing lawyer. From February 2004 to October 2019, Ms. Chen has been working at Shanghai office of Boss & Young (上海邦信陽‧中建中匯律師事務所) (previously known as Shanghai Zhonghui Law Firm * (上海中匯律師事務所) and Shanghai Zhongjian Zhonghui Law Firm (上海中建中匯律師事務所)) with her last position being a partner. Since March 2017, Ms. Chen has been an independent director of Shenzhen Jiahong Dental Co., Ltd (深圳家鴻口腔 醫療股份有限公司), a company whose shares were listed on the National Equities Exchange and Quotations System until September 2017 (Stock Code: 834566).

Ms. Chen obtained a Bachelor of Laws degree from Fudan University (復旦大學) in July 2001, a Master of International Laws degree from Shanghai University of International Business and Economics (上海對外經貿大學) in March 2007, and a Master of Laws degree from Emory University School of Law in the United States in December 2015. Ms. Chen became a member of All China Lawyers Association (中國律師協會) in 2002, and obtained a Fund Management Qualification Certificate (中國證券投資基金業從業證書) in 2017. Ms. Chen has over 19 years of experience in corporate compliance and management, private equity funds and trusts.

Ms. Chen has entered into a service agreement with the Company for a fixed term of three years commencing from 15 March 2021, which can be terminated by either party by giving three months' prior written notice. Ms. Chen will hold office until the next annual general meeting of the Company at which she will be eligible for re-election. Thereafter, Ms. Chen will be subject to retirement by rotation and re-election at the annual general meetings of the Company at least once every three years in accordance with the articles of association of the Company. Pursuant to the service agreement, Ms. Chen will be entitled to a remuneration ofRMB15,000 per month for acting as an executive Director, which will be subject to annual review by the remuneration committee and the Board with reference to her experience, knowledge, qualifications, responsibilities and the prevailing market conditions.

Save as disclosed above, as at the date of this announcement, Ms. Chen (i) has not held any directorship in any public companies the securities of which are listed on any securities market in Hong Kong or overseas during the last three years; (ii) does not have any relationship with any Director, senior management, substantial shareholder or controlling shareholder of the Company; (iii) has no other major appointments or professional qualifications; and (iv) does not have any interests in the shares of the Company within the meaning of Part XV of the SFO.

Save as disclosed above, the Board is not aware of any other matter relating to the aforesaid appointment which needs to be brought to the attention of the Shareholders and any other information that should be disclosed pursuant to Rule 13.51(2) of the Listing Rules of the Stock Exchange.

APPOINTMENT OF CHIEF FINANCIAL OFFICER

The Board hereby further announces that with effect from 15 March 2021, Mr. Sun Mao (''Mr. Sun''), the vice president of the Company, has been appointed as the chief financial officer of the Company responsible for the Group's accounting and financial management.

Mr. Sun's biographical details are set out below:

Mr. Sun, aged 37, joined the Company in December 2010 and is currently serving as the vice president of the Group responsible for the strategic development and operational planning of the Group. Prior to joining the Company, from January 2008 to March 2010, he has been working at Ernst & Young Hua Ming LLP with his last position being a senior auditor. From April 2010 to December 2010, he has been working at Siemens Shanghai Medical Equipment Ltd. (上海西門子醫療器械有限公司) as a senior financial analyst. Mr. Sun obtained a master of business administration degree from Shanghai Jiao Tong University in 2013 and became a member of the Chinese Institute of Certified Public Accountant (中國註冊會計師協會) in 2010. Mr. Sun has over 10 years of experience in accounting, auditing, financial management and corporate management.

The Board would like to take this opportunity to extend a warm welcome to Ms. Chen to join the Board and Mr. Sun on his appointment as the chief financial officer.

By Order of the Board

Shanghai Realway Capital Assets Management Co., Ltd.

Mr. Zhu Ping

Chairman, Chief Executive Officer and Executive Director

Shanghai, the PRC, 15 March 2021

As of the date of this announcement, the Board of the Company comprises Mr. Zhu Ping, Mr. Duan Kejian and Ms. Chen Min as executive Directors; Mr. Wang Xuyang and Mr. Cheng Jun as non-executive Directors; and Ms. Yang Huifang, Mr. Shang Jian and Mr. Liu Yunsheng as independent non-executive Directors.

*

For identification purposes only