Bonjour : RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR CHANGE OF MEMBERS OF THE BOARD COMMITTEES

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Bonjour Holdings Limited

卓悅控股有限公司

(Incorporated in Cayman Islands with limited liability)

(Stock Code: 653)

RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR CHANGE OF MEMBERS OF THE BOARD COMMITTEES

RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR

The board of directors (the "Board") of Bonjour Holdings Limited (the "Company", together with its subsidiaries, the "Group") announces that Dr. Chow Ho Ming ("Dr. Chow") has tendered his resignation as an independent non-executive director, the member of the audit committee and the chairman of the remuneration committee, of the Company with effect from 31 August 2020 as he intended to devote more time to his other personal business.

Dr. Chow has 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 shareholders of the Company or The Stock Exchange of Hong Kong Limited (the "Stock Exchange").

The Board would like to take this opportunity to express its sincere gratitude to Dr. Chow for his valuable contribution to the Group during his tenure of service.

APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR

The Board is pleased to announce that Mr. Lee Kwun Kwan ("Mr. Lee") has been appointed as an independent non-executive director, the member of the audit committee and the chairman of the remuneration committee, of the Company with effect from 31 August 2020.

Mr. Lee Kwun Kwan (李冠群), aged 57, was appointed as an independent non-executive director of the Company on 31 August 2020.

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Mr. Lee obtained a Bachelor of Arts degree in the University of Hong Kong in 1986 and Master of Business Administration degree in Lingnan University in 2003.

Mr. Lee is a veteran in the insurance industry of Hong Kong. Mr. Lee had been appointed, from July 2005 to December 2006, as the President of the General Agents and Managers Association of Hong Kong Limited, from April 2007 to March 2011, as the member of Insurance Training Board of Vocational Training Council, from 2011 to 2014, as the Founder and First Convener for the Insurance and Financial Practitioners Alliance, from October 2012 to September 2016, as the member for the Insurance Advisory Committee in the Financial Services and the Treasury Bureau of the Hong Kong Government, and from 2014 to 2019, as the Vice President of The Life Underwriters Association of Hong Kong Limited.

Mr. Lee has been appointed, since 2007, as the Committee Member of Insurance Management Committee of The Hong Kong Management Association, since 2011, as the President of the International Asset Planner Association, since September 2014, as the Vice President of Asset Management Committee, CEPA Business Opportunities Development Alliance, and since August 2019, as the Deputy Convener in the Insurance Industry Regulatory & Development Concern Group.

Mr. Lee is currently the Founding Member and Director of the Chinese Academy of Governance (Hong Kong) Industrial and Commercial Professionals Alumni Association Limited and the Life Member of The Life Underwriters Association of Hong Kong Limited.

Mr. Lee enters into a service agreement with the Company for a term of one year commencing on 31 August 2020 and will be renewed unless and until terminated by either party serving not less than 30 days' written notice. Mr. Lee is entitled to receive a director's fee of HK$198,000 per annum as remuneration for his directorship in the Company. Such fee is determined by reference to the Company's remuneration policy and will be subject to review by the Remuneration Committee of the Company from time to time.

In accordance with the articles of association of the Company, Mr. Lee will hold office until the next following general meeting of the Company after his appointment and shall then be eligible for re-election. Mr. Lee will be subject to rotation requirements as contained in the articles of association of the Company and shall retire from office by rotation at least once every three years.

Mr. Lee, save as disclosed above, did not hold any directorship in any other listed public companies in the last three years preceding the date of this announcement.

Save as disclosed above, as at the date of this announcement, Mr. Lee did not hold any other positions in the Company and its subsidiaries and Mr. Lee has no relationship with any directors, senior management, substantial shareholders or controlling shareholders of the Company. Mr. Lee did not have any interests in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) and did not receive any other remuneration from the Company. Save as

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disclosed above, the Board is not aware of any other matters that need to be brought to the attention of the shareholders of the Company. Nor is there any information regarding the appointment of Mr. Lee required to be disclosed pursuant to any of the provisions under Rule 13.51(2)(h) to (w) of the Rules Governing the Listing of Securities on the Stock Exchange.

The Board would like to take this opportunity to express its warmest welcome to Mr. Lee for joining the Board.

CHANGE OF MEMBERS OF THE BOARD COMMITTEES

Due to re-assignation of position, with effect from 31 August 2020, Dr. Ip Chun Heng, Wilson ("Dr. Ip") has ceased to be a member of remuneration committee and a member of the nomination committee, and Mr. Wan Yim Keung, Daniel ("Mr. Wan") has been appointed as a member of remuneration committee and a member of the nomination committee.

The Board would like to take this opportunity to express its gratitude to Dr. Ip for his contribution to the remuneration committee and nomination committee and welcome Mr. Wan in his new capacity.

By order of the Board

Bonjour Holdings Limited

Chen Jianwen

Chairman and Executive Director

Hong Kong, 31 August 2020

As at the date of this announcement, the Board comprised Mr. Chen Jianwen, JP, Dr. Ip Chun Heng, Wilson, Ms. Chung Pui Wan, Mr. Wan Yim Keung, Daniel, Mr. Lam Chi Wing and Mr. Kwan Tat Cheong as executive Directors; Mr. Wong Chi Wai, Mr. Lo Hang Fong and Mr. Lee Kwun Kwan as independent non-executive Directors.

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