Tongcheng Elong : CHANGE OF NON-EXECUTIVE DIRECTOR AND MEMBER OF THE AUDIT COMMITTEE

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Tongcheng-Elong Holdings Limited

同 程 藝 龍 控 股 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 0780)

CHANGE OF NON-EXECUTIVE DIRECTOR AND

MEMBER OF THE AUDIT COMMITTEE

The board of directors (the "Board") of Tongcheng-Elong Holdings Limited (the "Company") announces that with effect from November 25, 2019:

1. Mr. Lin Haifeng has resigned from his positions as the non-executive director and a member of the Audit Committee of the Company; and
2. Mr. Yu Haiyang has been appointed as a non-executive director and a member of the Audit Committee of the Company.

RESIGNATION OF NON-EXECUTIVE DIRECTOR AND MEMBER OF THE AUDIT COMMITTEE

Mr. Lin Haifeng ("Mr. Lin") has resigned from his positions as the non-executive director and a member of the Audit Committee of the Company with effect from November 25, 2019 due to other work arrangement.

Mr. Lin has confirmed that he has no disagreement with the Board and there are no other matters with respect to his resignation that need to be brought to the attention of the shareholders of the Company (the "Shareholders").

The Board would like to thank Mr. Lin for his beneficial contribution to the Company during his tenure of service.

APPOINTMENT OF NON-EXECUTIVE DIRECTOR AND MEMBER OF THE AUDIT COMMITTEE

The Board is pleased to announce that Mr. Yu Haiyang ("Mr. Yu") has been appointed as a non-executive director and a member of the Audit Committee of the Company with effect from November 25, 2019.

Mr. Yu, aged 36, has joined Tencent Holdings Limited, ("Tencent", one of our substantial shareholders and a company whose shares are listed on the Main Board of The Stock Exchange of Hong Kong Limited, stock code: 00700) since August 2011 and is currently the investment managing director of Tencent. He has been a director of DouYu International Holdings Limited, a company whose shares are listed on the Nasdaq Global Market (stock code: DOYU), since May 2018.

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Mr. Yu obtained his bachelor's degree in civil engineering from Tsinghua University in July 2005.

Upon his appointment, Mr. Yu has entered into a service contract with the Company as a non-executive director for a term of one year, commencing from November 25, 2019, subject to the retirement and rotation provisions as set out in the articles of association of the Company. The service contract could be terminated by no less than one month's notice in writing served by either Mr. Yu or the Company. Mr. Yu will not entitled to receive any payment for acting as a non-executive director of the Company.

Save as disclosed above, to the best knowledge of the Company, Mr. Yu does not have any other relationship with any other director, senior management, or substantial shareholder of the Company, and he does not have any other interests in the shares of the Company pursuant to Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

Save as disclosed in this announcement, Mr. Yu does not hold any other position with the Company or its subsidiaries, has not held any directorships in any other public companies the securities of which are listed on any securities market in Hong Kong or overseas in the past three years prior to the date of his appointment and does not have other major appointments and professional qualifications.

Save as disclosed above, there is no other information required to be disclosed pursuant to the requirements of Rule 13.51(2)(h) to 13.51(2)(v) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, nor are there any other matters in relation to Mr. Yu's appointment that need to be brought to the attention of the Shareholders.

The Board would like to express its warmest welcome to Mr. Yu in joining the Board.

By Order of the Board

Tongcheng-Elong Holdings Limited

Ma Heping

Executive Director and

Chief Executive Officer

Hong Kong, November 25, 2019

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

Executive Directors	Independent Non-executive Directors
Wu Zhixiang (Co-Chairman)	Wu Haibing
Ma Heping	Dai Xiaojing
	Han Yuling
Non-executive Directors
Liang Jianzhang (Co-Chairman)
Jiang Hao
Yu Haiyang
Brent Richard Irvin

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