Sheng Yuan : CHANGE OF COMPANY SECRETARY AND AUTHORIZED REPRESENTATIVE

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(Incorporated in Bermuda with limited liability)

(Stock Code: 851)

CHANGE OF COMPANY SECRETARY AND

AUTHORIZED REPRESENTATIVE

The board (the ''Board'') of directors (the ''Directors'') of Sheng Yuan Holdings Limited (the ''Company'') hereby announces that Mr. Hung Yuk Miu (''Mr. Hung'') has tendered his resignation as the company secretary of the Company (the ''Company Secretary''), the financial controller of the Company and an authorized representative of the Company (the ''Authorized Representative'') for the purpose of Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited with effect from 9 March 2020. Mr. Hung confirmed that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of The Stock Exchange of Hong Kong Limited or the shareholders of the Company.

The Board further announces that Ms. Chan Mei Wa (''Ms. Chan'') has been appointed as the Company Secretary and an Authorized Representative with effect from 9 March 2020. Ms. Chan holds a Bachelor of Business Administration in Accounting from the Hong Kong University of Science and Technology. Ms. Chan has over ten years of accounting and auditing experience in the financial services industry, and is a certified public accountant of the Hong Kong Institute of Certified Public Accountants.

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The Board would like to express its appreciation to Mr. Hung for his contribution to the Company during his tenure of office and also express its warm welcome to Ms. Chan on her new appointment.

By order of the Board

Sheng Yuan Holdings Limited

Liu Yang

Chairman

Hong Kong, 9 March 2020

As at the date of this announcement, the Board consists of Mr. Liu Yang and Mr. Zhou Quan (all being executive Directors), Mr. Mu Hao and Mr. Zhao Yun (all being non- executive Directors), Ms. Fang Fang, Mr. Fung Tze Wa and Mr. An Dong (all being independent non-executive Directors).

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