Hengxin Technology : Announcement - Waiver From Strict Compliance With Rules 3.28 And 8.17 Of The Listing Rules

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.

HENGXIN TECHNOLOGY LTD.

亨 鑫 科 技 有 限 公 司 *

(carrying on business in Hong Kong as HX Singapore Ltd.)

(incorporated in Singapore with limited liability)

(Hong Kong Stock Code: 1085)

ANNOUNCEMENT

WAIVER FROM STRICT COMPLIANCE WITH RULES 3.28 AND 8.17 OF THE LISTING RULES

Reference is made to the announcement of Hengxin Technology Ltd. (the ''Company'') dated 23 October 2018 (the ''Announcement'') in relation to, amongst others, the resignation of Mr. Chua Kern (''Mr. Chua'') as a joint company secretary of the Company and the appointment of Ms. Wong Jing Ting, Renee (''Ms. Wong'') as a new joint company secretary of the Company. Unless otherwise stated, capitalised terms used in this announcement shall have the same meanings as those defined in the Announcement.

Pursuant to Rule 8.17 of the Listing Rules, a listed issuer must appoint a company secretary who satisfies the requirements under Rule 3.28 of the Listing Rules. Rule 3.28 of the Listing Rules stipulates that a listed issuer must appoint as its company secretary an individual who, by virtue of his academic or professional qualifications or relevant experience, is in the opinion of the Stock Exchange, capable of discharging the functions of company secretary of the listed issuer.

* For identification purpose only

As Ms. Wong does not fulfil the qualification requirements under Rules 3.28 and 8.17 of the Listing Rules, the Company has applied to the Stock Exchange for, and the Stock Exchange has granted, the New Waiver from strict compliance with the requirements under Rules 3.28 and 8.17 of the Listing Rules for a period of three years from the date on which Ms. Wong was appointed as a joint company secretary (the ''Period'') on the following conditions:

(i) Ms. Wong will be assisted by Mr. Chan Ting (''Mr. Chan''), who has the qualifications of a company secretary as required under Rule 3.28 of the Listing Rules, during the Period;

• (ii) the Company will notify the Stock Exchange at the end of the Period for the Stock Exchange to re-visit the situation. The Stock Exchange expects that after the end of the Period, the Company will be able to demonstrate that Ms. Wong can satisfy Rules 3.28 and 8.17 of the Listing Rules, after having the benefit of Mr. Chan's assistance such that a further waiver will not be necessary;

• (iii) the Company will disclose the details of the New Waiver, including its reasons and conditions, by way of an announcement; and

• (iv) the New Waiver will be revoked immediately if and when Mr. Chan ceases to provide assistance to Ms. Wong. And the Stock Exchange may withdraw or change the New Waiver if the Company's situation changes.

By Order of the Board

Hengxin Technology Ltd.

Cui Wei Chairman

Hong Kong, 26 October 2018

As at the date of this announcement, the executive directors of the Company are Mr. Du Xiping and Mr. Xu Guoqiang; the non-executive directors of the Company are Mr. Cui Wei and Ms. Zhang Zhong; and the independent non-executive directors of the Company are Mr. Tam Chi Kwan Michael, Dr. Li Jun and Mr. Pu Hong.