China Agri Products Exchange : Change of Independent Non-executive Director and Change of Composition of Board Committees

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

CHINA AGRI-PRODUCTS EXCHANGE LIMITED ʕ਷༵ପۜʹ׸Ϟࠢʮ̡

(Incorporated in Bermuda with limited liability)

(Stock Code: 0149)

CHANGE OF INDEPENDENT NON-EXECUTIVE DIRECTOR AND

CHANGE OF COMPOSITION OF BOARD COMMITTEES

RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR

The board of directors (the "Board" or the "Director(s)") of China Agri-Products Exchange Limited (the "Company", together with its subsidiaries as the "Group") announces that Mr. Wong Hin Wing resigned as an independent non-executive Director and ceased to act as the chairman of the audit committee and a member of each of the remuneration committee and the nomination committee of the Company with effect from 30 November 2018 as he requires to concentrate more on his personal commitment.

Mr. Wong Hin Wing confirmed that he has no disagreement with the Board and there is no other matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company.

The Board expresses its sincere gratitude to Mr. Wong Hin Wing for his valuable contribution to the Group during his tenure of office.

APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR

The Board also announces that Mr. Wong Ping Yuen has been appointed as an independent non-executive Director, the chairman of the audit committee and a member of each of the remuneration committee and the nomination committee of the Company with effect from 30 November 2018.

The detailed biography of Mr. Wong Ping Yuen is as follows:

Mr. Wong Ping Yuen, aged 44, has been a certified public accountant of the Hong Kong Institute of Certified Public Accountants since 2001, and obtained a Master Degree of Business Administration from the University of Adelaide in August 2005. Mr. Wong Ping Yuen was appointed as a partner of ITA & Co. in 2009 and has changed to the sole-proprietor of ITA & Co. since 2015. He has been a partner of SRF Partners & Co. since 2014.

Mr. Wong Ping Yuen has entered into a letter of appointment with the Company in relation to his appointment as an independent non-executive Director for a specific term of three calendar years and is entitled to an annual remuneration of HK$144,000 determined with regard to his duties and responsibilities and a fee of HK$10,000 for attending each regular audit committee meeting. Mr. Wong Ping Yuen will hold office only until the next general meeting of the Company after his appointment and thereafter subject to retirement by rotation and re-election in accordance with the bye-laws of the Company.

Save as disclosed above, as at the date of this announcement, Mr. Wong Ping Yuen (i) has not held any directorships in any public companies the securities of which are listed on any securities market in Hong Kong or overseas in the past three years; (ii) does not have or is not deemed to have any interests or short position (within the meaning of Part XV of the Securities and Futures Ordinance) in any shares, underlying shares or debentures of the Company or its associated corporations; (iii) does not have any relationship with any directors, senior management, substantial shareholders or controlling shareholders (as defined in the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules")) of the Company; and (iv) does not hold any position with the Group.

Save as disclosed above, there is no other information in relation to Mr. Wong Ping Yuen that is required to be disclosed pursuant to Rule13.51(2) of the Listing Rules and there is no other matter in relation to the appointment of Mr. Wong Ping Yuen that needs to be brought to the attention of the shareholders of the Company.

The Board would like to take this opportunity to express its welcome to Mr. Wong Ping Yuen in joining the Board.

By Order of the Board

CHINA AGRI-PRODUCTS EXCHANGE LIMITED ʕ਷༵ପۜʹ׸Ϟࠢʮ̡

Chan Chun Hong, Thomas Chairman and Chief Executive Officer

Hong Kong, 30 November 2018

As at the date of this announcement and after the resignation of Mr. Wong Hin Wing and the appointment of Mr. Wong Ping Yuen, the Board comprises Mr. Chan Chun Hong, Thomas, Mr. Leung Sui Wah, Raymond and Mr. Yau Yuk Shing as the executive Directors, Mr. Ng Yat Cheung, Mr. Lau King Lung and Mr. Wong Ping Yuen as the independent non-executive Directors.