Anchorstone : APPOINTMENT OF EXECUTIVE DIRECTOR AND INDEPENDENT NON-EXECUTIVE DIRECTOR

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Anchorstone Holdings Limited

基 石 控 股 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1592)

APPOINTMENT OF EXECUTIVE DIRECTOR

AND

INDEPENDENT NON-EXECUTIVE DIRECTOR

The Board hereby announce that, with effect from 13 April 2021:

1. Ms. Qiao Xiaowei has been appointed as an executive director; and
2. Mr. Lee Chun Wai has been appointed as an independent non-executive director.

APPOINTMENT OF EXECUTIVE DIRECTOR

The board (the ''Board'') of directors (the ''Directors'') of Anchorstone Holdings Limited (the ''Company'') is pleased to announce that Ms. Qiao Xiaowei (喬曉偉) (''Ms. Qiao'') has been appointed as an executive director of the Company with effect from 13 April 2021.

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

Ms. Qiao, aged 44, obtained a bachelor's degree in business administration from The Open University of China and is currently the vice president of Hanmei Media (Shenzhen) Co., Ltd.* (翰美傳媒(深圳)有限公司) (''Hanmei''). Ms. Qiao is responsible for the management of Hanmei's market operations, management, etc. Ms. Qiao also works in for some companies, which are engaged in fund, gold trading and jewelry trading, as a senior management and authorised representative. Ms. Qiao had been the deputy general manager and the assistant to the chairman of the board of Shenzhen Dingding Investment Co., Ltd.* (深圳頂鼎投資有限公司) until February 2019. She was a general manager of Shandong branch in Liejiang Energy Technology (Beijing) Co., Ltd. * (獵匠能源科技(北京)有限公司 山東分公司). Before joining the Group, she worked in top 500 financial company in the world in respect of various finance and fintech areas and has over 15 years extensive experience in managing on finance, fund and project management.

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Ms. Qiao has entered into a service contract with the Company for an initial term of three years commencing from 13 April 2021 unless terminated by not less than one month's prior notice in writing served by either party to the other. Ms. Qiao is subject to retirement by rotation and re-election in accordance with the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the ''Listing Rules'') and the Articles of Association of the Company. In particular, Ms. Qiao, as appointed by the Board as an addition to the Board, shall hold office until the next general meeting of the Company and will be entitled to offer herself for re-election at such meeting. Ms. Qiao's annual remuneration shall be HK300,000, which is agreed between the Company and Ms. Qiao and reviewed and approved by the remuneration committee of the Company and the Board.

As at the date of this announcement, Ms. Qiao is beneficially interested in 45,980,000 shares of the Company (the ''Shares''), representing approximately 3.69% of the total number of issued Shares.

As at the date of this announcement and save as disclosed above, Ms. Qiao has confirmed that (i) she did not hold any 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;

1. she did not have any other relationship with any Director, senior management or substantial shareholders or controlling shareholders of the Company; and (iii) there is no other information that is required to be disclosed pursuant to any of the requirements under Rule 13.51(2)(h) to (v) of the Listing Rules nor are there any other matters that need to be brought to the attention of the shareholders of the Company relating to Ms. Qiao's appointment.

The Board would like to extend its welcome Ms. Qiao for joining the Company.

APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR

The Board is pleased to announce that, with effect from 13 April 2021, Mr. Lee Chun Wai (''Mr. Lee'') has been appointed as an independent non-executive director.

The biographical details of Mr. Lee are as follows:

Mr. Lee, aged 36, obtained a Bachelor's Degree of Accounting and Finance from University of Hertfordshire in United Kingdom. Mr. Lee has over 15 years of experience in securities trading, finance and project investment. Mr. Lee possesses knowledge in financial analysis, corporate finance and corporate governance. Mr. Lee is currently chief investment officer of

1. licensed representative of a company (''Firm''), which is licensed to carry on type 4 (advising on securities) and type 9 (asset management) regulated activities under the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) (''SFO''). During Mr. Lee's service at the Firm, Mr. Lee is principally responsible for (i) advising on securities activities; (ii) providing asset management services; and (iii) formulating and executing investment projects.

Mr. Lee has entered into a service contract with the Company for an initial term of three years commencing from 13 April 2021 unless terminated by not less than one month's prior notice in writing served by either party to the other. Mr. Lee is subject to retirement by rotation and reelection in accordance with the Listing Rules and the Articles of Association of the Company. In particular, Mr. Lee, as appointed by the Board as an addition to the

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Board, shall hold office until the next general meeting of the Company and will be entitled to offer himself for re-election at such meeting. Mr. Lee's annual remuneration shall be HK$360,000, which is agreed between the Company and Mr. Lee and reviewed and approved by the remuneration committee of the Company and the Board.

As at the date of this announcement and save as disclosed above, Mr. Lee does not, and is not deemed to have any interests or short positions in any shares, underlying shares or debentures of the Company or any of its associated corporations within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

Mr. Lee has confirmed that he meets the independence criteria as set out in Rule 3.13 of the Listing Rules. Save as disclosed herein, to the best knowledge of the Directors, as at the date of this announcement, Mr. Lee has also confirmed that (i) he did not hold any 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; (ii) he did not have any other relationship with any Director, senior management or substantial shareholders or controlling shareholders of the Company; and (iii) there is no other information that is required to be disclosed pursuant to any of the requirements under Rule 13.51(2)(h) to (v) of the Listing Rules nor are there any other matters that need to be brought to the attention of the shareholders of the Company relating to Mr. Lee's appointment.

The Board would like to extend its welcome Mr. Lee for joining the Company.

By Order of the Board

Anchorstone Holdings Limited

Liu Yue Yun Gary

Chairman

Hong Kong, 13 April 2021

As at the date of this announcement, the executive directors are Mr. Lui Yue Yun Gary, Ms. Lui Po Kwan Joyce, Mr. Lui Edwin Wing You, Mr. Fung Wai Hang and Ms. Qiao Xiaowei, and the independent non-executive directors are Mr. Ko Tsz Kin, Mr. Choi Hok Ya, Mr. Ng Yau Wah Daniel and Mr. Lee Chun Wai.

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