Applied Development : Announcement of List of Directors and their Roles and Function

(Incorporated in Bermuda with limited liability)

(Stock Code: 519)

LIST OF DIRECTORS AND THEIR ROLES AND FUNCTION

The members of the board (the "Board") of Directors (the "Directors") of Applied Development Holdings Limited are set out below.

Executive Directors

Mr. Wu Zhanming (Chairman)

Mr. Yuen Chi Ping (Chief Executive Officer)

Non-executive Directors

Mr. Yao Wei Rong

Mr. Wu Tao

Independent Non-executive Directors

Mr. Lau Chi Keung

Mr. Yu Tat Chi, Michael

Mr. Chiu Kit Man, Calvin

There are three Board committees. The membership information of these committees is set out below.

Audit Committee

Mr. Yu Tat Chi, Michael (Chairman)

Mr. Lau Chi Keung

Mr. Chiu Kit Man, Calvin

Remuneration Committee

Mr. Lau Chi Keung (Chairman)

Mr. Chiu Kit Man, Calvin

Mr. Yu Tat Chi, Michael

Nomination Committee

Mr. Wu Zhanming (Chairman)

Mr. Lau Chi Keung

Mr. Chiu Kit Man, Calvin

Hong Kong, 21 August 2019

• For identification purposes only