V1 : RE-DESIGNATION OF CHIEF FINANCIAL OFFICER

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V1 GROUP LIMITED

第 一 視 頻 集 團 有 限 公 司

(Incorporated in Bermuda with limited liability)

(Stock Code: 82)

RE-DESIGNATION OF CHIEF FINANCIAL OFFICER

The board of directors (the "Board") of V1 Group Limited (the "Company") hereby announces that Mr. Liu Huaiyu ("Mr. Liu"), chief financial officer of the Company, was redesignated to a member of the strategic development committee of the Company with effect from 1 September 2019. He will be responsible for advising on the strategic development of the investment of the Company.

There is no other matter in relation to the re-designation of Mr. Liu that needs to be brought to the attention of the Shareholders or any information that is required to be disclosed pursuant to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

The Board would like to extend its welcome to Mr. Liu on his new position in the Company.

By order of the Board

V1 Group Limited

ZHANG Lijun

Chairman

Hong Kong, 2 September 2019

As at the date of this announcement, the directors of the Company are: Executive directors:

Dr. ZHANG Lijun (Chairman) Ms. WANG Chun

Mr. JI Qiang

Independent non-executive directors:

Dr. LOKE Yu (alias LOKE Hoi Lam)

Mr. GONG Zhankui

Mr. WANG Linan