Huobi Technology : (1) RESIGNATION OF EXECUTIVE DIRECTOR; (2) CHANGE IN THE COMPOSITION OF BOARD COMMITTEE; (3) CHANGE OF AUTHORISED REPRESENTATIVE; AND (4) CHANGE OF AGENT FOR SERVICE OF PROCESS IN HONG KONG

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HUOBI TECHNOLOGY HOLDINGS LIMITED

火幣科技控股有限公司

(Incorporated in the British Virgin Islands with limited liability)

(Stock code: 1611)

1. 1. 1. RESIGNATION OF EXECUTIVE DIRECTOR;
   2. CHANGE IN THE COMPOSITION OF BOARD COMMITTEE;
   3. 1. CHANGE OF AUTHORISED REPRESENTATIVE; AND
2. CHANGE OF AGENT FOR SERVICE OF PROCESS IN HONG KONG

1. RESIGNATION OF EXECUTIVE DIRECTOR
   The board of directors (the "Board") of Huobi Technology Holdings Limited (the "Company") hereby announces that Mr. Lan Jianzhong ("Mr. Lan") has resigned as an Executive Director of the Company with effect from 15 April 2021 due to personal reason.
   Mr. Lan has confirmed that there is no disagreement between him and the Board and that there are no other matters in relation to his resignation that needs to be brought to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited.
   The Board would like to take this opportunity to express its sincere gratitude to Mr. Lan for his valuable contribution during his tenure of office as an Executive Director of the Company.

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1. CHANGE IN THE COMPOSITION OF BOARD COMMITTEE
   Following the resignation of Mr. Lan, Mr. Lan would cease to act as a member of each of the Nomination and Corporate Governance Committee (the "NCGC") and the Remuneration Committee of the Company. To take the place of Mr. Lan in the said board committees, Mr. Ngai Matthew Cheuk Yin, an existing independent non-executive director of the Company, would become a member of the NCGC and Mr. Duan Xiongfei, another existing independent non-executive director of the Company, would become a member of Remuneration Committee. With effect from 15 April 2021, the composition of the NCGC and the Remuneration Committee have been changed as follows:
   Nomination and Corporate Governance Committee: Mr. Duan Xiongfei (Chairman)
   Mr. Yip Wai Ming
   Mr. Ngai Matthew Cheuk Yin
   Remuneration Committee:
   Mr. Ngai Matthew Cheuk Yin (Chairman) Mr. Yip Wai Ming
   Mr. Duan Xiongfei
2. CHANGE OF AUTHORISED REPRESENTATIVE
   Following his resignation referred to above, Mr. Lan would also cease to act as an authorised representative of the Company (the "Authorised Representative") pursuant to Rule 3.05 of the Listing Rules, and Mr. Ng Kwan Ho, the existing Company Secretary of the Company, would take the place of Mr. Lan to act as the Authorised Representative together with Mr. Liu Xi ("Mr. Liu") with effect from 15 April 2021.
3. CHANGE OF AGENT FOR SERVICE OF PROCESS IN HONG KONG
   The Board also announces that with effect from 15 April 2021, Mr. Lan would resign as the authorised representative of the Company for accepting service of process and notices on the Company's behalf in Hong Kong under Part 16 of the Companies Ordinance (Cap. 622 of the Laws of Hong Kong) (the "Service Agent") and Mr. Liu was appointed as the new Service Agent in place of Mr. Lan.

By order of the Board

HUOBI TECHNOLOGY HOLDINGS LIMITED

Li Lin

Executive Director

Hong Kong, 15 April 2021

As at the date of this announcement, the Board comprises Mr. Li Lin as executive Director; and Mr. Duan Xiongfei, Mr. Yip Wai Ming and Mr. Ngai Matthew Cheuk Yin as independent non-executive Directors.

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