China Ocean Fishing : APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR AND MEMBER OF THE BOARD COMMITTEES (in PDF)

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China Ocean Fishing Holdings Limited

中國海洋捕撈控股有限公司

(Incorporated in Bermuda with limited liability)

(Stock Code: 8047) APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR AND MEMBER OF THE BOARD COMMITTEES

The Board announces that with effect from 25 August 2017:

Ms. Wei Qing has been appointed as an independent non-executive Director, and a member of each of the Audit Committee, the Remuneration Committee and the Nomination Committee;

APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR AND MEMBER OF THE BOARD COMMITTEES

The board (the "Board") of directors (the "Directors") of China Ocean Fishing Holdings Limited (the "Company") hereby announces that, with effect from 25 August 2017, Ms. Wei Qing ("Ms. Wei") has been appointed as an independent non-executive Director of the Company, and a member of each of the audit committee of the Board, the remuneration committee of the Board (the "Remuneration Committee") and the nomination committee of the Board.

The biographical details of Ms. Wei are set out below:

Ms. Wei

Ms. Wei, aged 33, completed a professional programme in Law from Shenzhen University in 2010, Ms. Wei worked in 深圳市水務 局, the Shenzhen Water Authority*, from 2010 to 2013 and also acted as a vice chairman of Shenzhen Hydraulic Engineering Society in 2013 and was responsible for its day-to-day administration work. In September 2013, Ms. Wei established three trading companies which are principally engaged in import and export trading and retail services, such as electronic products, wines from Europe and the United States, and health care and cosmetics products from Japan. She has extensive management experience.

On 23 August 2017, the Company entered into a letter of appointment with Ms. Wei for a term of three years with effect from 25 August 2017. Pursuant to the bye-laws of the company, she shall hold office until the next general meeting of the Company and thereafter shall be subject to retirement by rotation and re-election at the Company's annual general meetings. Ms. Wei is entitled to receive a director's fee of HK$12,500 per month which is determined by arm's length negotiation between Ms. Wei and the Company with reference to her duties and responsibilities. The amount of the director's fee has been approved by the Remuneration Committee and the Board.

Save as disclosed above, as at the date of this announcement, Ms. Wei (i) does not have any relationship with any Directors, senior management, or substantial or controlling shareholders of the Company; (ii) does not have any interest in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance; and (iii) did not hold any other directorships in the last three years up to the date of this announcement in public companies, the securities of which are listed on any securities market in Hong Kong or overseas.

Save as disclosed in this announcement, there is no other information to be disclosed pursuant to any of the requirements of Rule 17.50(2)(h) to (v) of the Rules Governing the Listing of Securities on the Growth Enterprise Market of the Stock Exchange (the "GEM Listing Rules") and there are no other matters in relation to the appointments of Ms. Wei that need to be brought to the attention of the shareholders of the Company.

The Board would like to take this opportunity to welcome Ms. Wei in joining the Board.

By order of the Board

China Ocean Fishing Holdings Limited Liu Rongsheng

Executive Director and Chairman

Hong Kong, 24 August 2017

As at the date of this announcement, the executive Directors are Mr. Liu Rongsheng, Lord Cao Yunde, Mr. Fan Guocheng and Mr. Chen Liang and independent non-executive Directors are Mr. Pang Pui Hung, Paton and Ms. Li Yuen Fong, Michelle.

This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the GEM Listing Rules for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that to the best of their knowledge and belief the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading.

This announcement will remain on the "Latest Company Announcements" page of the GEM website at www.hkgem.com for at least 7 days from the date of its publication and on the website of the Company at http://www.chinaoceanfishing.hk.

* for identification purpose only