Tycoon : RESIGNATION OF EXECUTIVE DIRECTOR

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Tycoon Group Holdings Limited

滿 貫 集 團 控 股 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 3390)

RESIGNATION OF EXECUTIVE DIRECTOR

The board ("Board") of directors ("Directors") of Tycoon Group Holdings Limited ("Company") announces that, with effect from 28 August 2020, Mr. Chan Fan Shing has resigned as an executive Director due to his other career commitments which require more of his dedication.

Mr. Chan Fan Shing confirmed that he did not have any disagreement with the Board and there is no other matter in relation to his resignation that needs to be brought to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited.

The Board would like to take this opportunity to express its sincere gratitude to Mr. Chan Fan Shing for his invaluable contribution to the Company during his term of service.

On behalf of the Board

Tycoon Group Holdings Limited

Wong Ka Chun Michael

Chairman and Chief Executive Officer

Hong Kong, 28 August 2020

As at the date of this announcement, the Board comprises one executive Director, namely Mr. Wong Ka Chun Michael; four non-executive Directors, namely Mr. Yao Qingqi, Ms. Chong Yah Lien, Mr. Ng Wang Yu Gary and Ms. Li Ka Wa Helen; and three independent non-executive Directors, namely Mr. Wong Yuk Woo Louis, Mr. Chung Siu Wah and Ms. Chan Ka Lai Vanessa.