Hengxin Technology : Change Of Joint Company Secretary

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)

CHANGE OF JOINT COMPANY SECRETARY

CHANGE OF JOINT COMPANY SECRETARY

Mr. Chua has resigned as a joint company secretary of the Company with effect from 23 October 2018. Following Mr. Chua's resignation, Ms. Wong has been appointed as a new joint company secretary of the Company with effect from 23 October 2018.

RESIGNATION OF JOINT COMPANY SECRETARY

The board (the ''Board'') of directors (the ''Directors'') of Hengxin Technology Ltd. (the ''Company'') announces that Mr. Chua Kern (''Mr. Chua'') has resigned as a joint company secretary of the Company with effect from 23 October 2018.

Mr. Chua confirmed that he has no disagreement with the Company and there are no circumstances related to his resignation above which need to be brought to the attention of The Stock Exchange of Hong Kong Limited (the ''Stock Exchange'') and the shareholders of the Company. Taking this opportunity, the Board would like to express its appreciation and gratitude to Mr. Chua for his contribution and services to the Company in the past.

APPOINTMENT OF NEW JOINT COMPANY SECRETARY

Following Mr. Chua's resignation, the Board is pleased to announce that Ms. Wong Jing Ting, Renee (''Ms. Wong'') has been appointed as a new joint company secretary of the Company with effect from 23 October 2018.

* For identification purpose only

Ms. Wong, aged 28, is ordinarily resident in Singapore. Ms. Wong graduated from Raffles College of Higher Education with a bachelor degree in product design (design engineering) in 2011. Ms. Wong is a member of the Chartered Secretaries Institute of Singapore and hence a qualified company secretary under the laws of Singapore. Ms. Wong was a corporate secretarial assistant of Rajah & Tann Singapore LLP, a law firm in Singapore from June 2014 to July 2016 where she handled corporate secretarial matters of various companies, including companies listed on the Singapore Exchange Securities Trading Limited (''SGX''). Since August 2016, Ms. Wong has been a corporate secretarial executive of Chancery Corporate Solutions Private Limited, a corporate service provider in Singapore, where she is responsible for dealing with a wide spectrum of corporate secretarial matters, as well as providing assistance to various companies listed on the SGX in conducting corporate actions.

WAIVER IN RESPECT OF RULE 8.17 AND RULE 3.28 OF THE LISTING RULES

As Ms. Wong does not fulfil the qualification requirements under Rule 8.17 and Rule 3.28 of the Listing Rules, the Company has made an application to the Stock Exchange for a new waiver (the ''New Waiver'') from strict compliance with the requirements under Rule 8.17 and Rule 3.28 of the Listing Rules for a period of two years commencing from the date of the New Waiver on the following conditions:

(i) the Company will continue to retain a registered Hong Kong law firm (the ''Firm''),

as the Company's legal adviser on Hong Kong laws to assist Ms. Wong in discharging her duties as a joint company secretary of the Company for a minimum period of two years from the date of the New Waiver;

• (ii) Ms. Wong will use all best endeavours to take external training courses provided by The Law Society of Hong Kong or other professional bodies in order to acquire and understand the updated requirements and development of the Listing Rules. Moreover, the Firm will draw Ms. Wong's attention to any update of the Listing Rules and other relevant laws and regulations in Hong Kong for a minimum period of two years from the date of the New Waiver; and

• (iii) during the two-year period as described in the conditions (i) and (ii) above, the Company and the Firm will commit to equipping Ms. Wong with the relevant experience within the meaning of Rule 3.28 of the Listing Rules with their best endeavour. Ms. Wong would be assisted by Mr. Chan Ting (''Mr. Chan''), the existing joint company secretary of the Company, during the New Waiver period. Should Mr. Chan, the other joint company secretary, cease to provide assistance to Ms. Wong before the expiration of such two-year period as described above, the New Waiver will be immediately revoked.

Mr. Chan is currently a practicing solicitor in Hong Kong and a member of the Law Society of Hong Kong. He is an ordinarily resident in Hong Kong. Mr. Chan therefore meets the requirements under Rule 8.17 and Rule 3.28 of the Listing Rules in respect of a company secretary.

The Board would like to extend its warmest welcome to Ms. Wong for her new appointment.

By Order of the Board Hengxin Technology Ltd.

Cui Wei Chairman

Hong Kong, 23 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.