Mason : RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR AND CHANGE IN THE COMPOSITION OF BOARD COMMITTEES

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MASON GROUP HOLDINGS LIMITED

茂 宸 集 團 控 股 有 限 公 司

(Incorporated in Hong Kong with limited liability)

(Stock code: 273)

RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR

AND

CHANGE IN THE COMPOSITION OF BOARD COMMITTEES

RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR

The board (the "Board") of directors (the "Directors") of Mason Group Holdings Limited (the "Company") announces that Ms. Kan Lai Kuen, Alice ("Ms. Kan") has resigned as an independent non-executive Director and shall cease to be a director with effect from 1 December 2019 as she is desirous of allocating more time to her other business endeavuors.

Ms. Kan has confirmed that she has no disagreement with the Board and there are no matters that need to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited in connection with her resignation.

The Board would like to express its sincere gratitude to Ms. Kan for her valuable contribution to the Company during her tenure of office.

CHANGE IN THE COMPOSITION OF BOARD COMMITTEES

The Board announces that with effect from 1 December 2019:

1. following the resignation of Ms. Kan as an independent non-executive Director, Ms. Kan ceases to be a member of each of the audit committee of the Company (the "Audit Committee") and the nomination committee of the Company (the "Nomination Committee") and the chairman of the remuneration committee of the Company (the "Remuneration Committee"); and

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2. Mr. Wang Cong ("Mr. Wang") will be appointed as the chairman of the Remuneration Committee.

Following the above changes,

1. the Audit Committee comprises three members, namely Mr. Chen Wai Chung, Edmund ("Mr. Chen") as chairman, Mr. Tian Ren Can ("Mr. Tian") and Mr. Wang;
2. the Remuneration Committee comprises five members, namely Mr. Wang as chairman, Mr. Chang Tat Joel, Ms. Hui Mei Mei, Carol ("Ms. Hui"), Mr. Tian and Mr. Chen; and
3. the Nomination Committee comprises five members, namely Mr. Ko Po Ming as chairman, Ms. Hui, Mr. Tian, Mr. Chen and Mr. Wang.

By Order of the Board

Mason Group Holdings Limited

Ko Po Ming

Chairman and Chief Executive Officer

Hong Kong, 29 November 2019

As at the date of this announcement, the Board comprises:

Executive Directors:

Mr. Ko Po Ming (Chairman and Chief Executive Officer)

Mr. Chang Tat Joel

Ms. Lui Choi Yiu, Angela

Ms. Fu Yau Ching, Shirley

Mr. Cao Lu

Non-executive Director:

Ms. Hui Mei Mei, Carol

Independent Non-executive Directors:

Mr. Tian Ren Can

Ms. Kan Lai Kuen, Alice

Mr. Chen Wai Chung, Edmund

Mr. Wang Cong

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