The board of directors of Hengan International Group Company Limited announced that Mr. Loo Hong Shing Vincent has resigned as an executive director, the chief financial officer, company secretary, authorized representative (for the purposes of Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the Stock Exchange) and accepting service of process and notices on behalf of the Company in Hong Kong as required under Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) (the Companies Ordinance)) of the company with effect from 30 November 2016 due to change of his personal business development. Mr. Loo 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. The Board is hereby pleased to announce that Mr. Xu Da Zuo, an executive director and previously the deputy chief financial officer of the Company, has been appointed as the chief financial officer of the Company with effect from 30 November 2016.

Mr. Xu, is the Group's deputy director of finance and is responsible for overseeing and monitoring the accounting and finance functions of the Group. Mr. Xu joined the Group in 1985 and has over 31 years of experience in accounting and internal audit. He has the title of senior accountant in the PRC.

Mr. Sze Wong Kim (Mr. Sze), an executive director of the Company, has been appointed as the company secretary, authorized representative (for the purposes of Rule 3.05 of the Listing Rules The Stock Exchange and for accepting service of process and notices on behalf of the Company in Hong Kong as required under Part 16 of the Companies Ordinance) of the Company with effect from 30 November 2016. Mr. Sze, is responsible for overall strategy of the Group. Before joining the Group, Mr. Sze worked in two accountancy firms in Australia and gained extensive experience in assurance and business advisory work.

He started his own business in 2005 on wholesale and distribution of branded electronic components and computer accessories products in Hong Kong and overseas markets.