China U Ton : ANNOUNCEMENT IN RELATION TO APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR AND COMPLIANCE WITH RULE 3.10A OF THE LISTING RULES

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CHINA U-TON FUTURE SPACE INDUSTRIAL GROUP HOLDINGS LTD.

中 國 優 通 未 來 空 間 產 業 集 團 控 股 有 限 公 司

(incorporated in the Cayman Islands with limited liability)

(Stock Code: 6168)

ANNOUNCEMENT IN RELATION TO

APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR AND

COMPLIANCE WITH RULE 3.10A OF THE LISTING RULES

The board (the "Board") of directors (the "Directors") of China U-Ton Future Space Industrial Group Holdings Ltd. (the "Company") is pleased to announce that with effect from 3 August 2020, Ms. Wu Hanpu ("Ms. Wu") will be appointed as an independent non-executive Director of the Company.

BIOGRAPHIES OF THE NEWLY APPOINTED INDEPENDENT NON-EXECUTIVE DIRECTOR

Ms. Wu Hanpu（吳函璞）

Ms. Wu, aged 46, has many years of practical experience in financial compliance and investment management. She has been involved in projects such as initial public offering, mergers and acquisitions and investment fund management. Ms. Wu is currently the general

manager of the investment banking division of a company in Beijing, China. She graduated from Shanxi University of Finance and Economics*（山西財經大學）with a Master's degree

in Finance in June 2005.

Ms. Wu will enter into a letter of appointment with the Company after her appointment. Her directorship will be subject to retirement by rotation and re-election pursuant to the memorandum and articles of association of the Company. Ms. Wu will be entitled to a director's fee of HK$96,000 per annum which is determined by the remuneration committee of the Company based on her qualifications, experience, level of responsibilities undertaken and the prevailing market conditions. According to the memorandum and articles of association of the Company, Ms. Wu shall retire from office and be eligible for re-election at the next general meeting of the Company.

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Save as disclosed herein, Ms. Wu (i) does not have, and/or is not deemed to have any interests or short positions in the shares or underlying shares or debentures in the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong); (ii) has not held any other directorship in any other public companies, the securities of which are listed on any securities market in Hong Kong or overseas, in the last three years; (iii) does not hold any position in the Company or any of its subsidiaries; (iv) does not have any relationship with any other directors of the Company, senior management or substantial or controlling shareholders of the Company (as respectively defined in the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules")); and (v) does not have any other major appointments or professional qualifications.

Save as disclosed above, there is no other information related to the appointment of Ms. Wu that needs to be disclosed pursuant to the requirements of Rule 13.51(2)(h) to Rule 13.51(2)

1. of the Listing Rules nor are there other matters that need to be brought to the attention of the shareholders of the Company.

Upon the appointment of Ms. Wu as an independent non-executive Director, the Board will comprise eleven members with six executive Directors, one non-executive Director and four independent non-executive Directors. As a result, the number of independent non-executive Directors of the Company will be more than one-third of the Board as required under Rule 3.10A of the Listing Rules.

The Board warmly welcomes Ms. Wu to join the Board.

By order of the Board

China U-Ton Future Space Industrial Group Holdings Ltd.

Jiang Changqing

Chairman and Executive Director

Hong Kong, 31 July 2020

As at the date of this announcement, the executive Directors are Mr. Jiang Changqing, Mr. Zhao Feng, Ms. Ji Huifang, Ms. Liu Jianzhou, Mr. Chen Qizheng and Mr. Liu Zhen; the non-executive Director is Mr. Ge Lingyue; the independent non-executive Directors are Mr. Meng Fanlin, Mr. Wang Haiyu and Ms. Teng Xun.

Website: www.chinauton.com.hk

• For identification purposes only

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