Lianhua Supermarket : ANNOUNCEMENT RESIGNATION AND APPOINTMENT OF GENERAL MANAGER, EXECUTIVE DIRECTOR, MEMBER OF STRATEGIC COMMITTEE, AND AUTHORISED REPRESENTATIVE

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.

(a joint stock limited company incorporated in the People's Republic of China with limited liability)

(Stock Code: 00980)

ANNOUNCEMENT

RESIGNATION AND APPOINTMENT OF

GENERAL MANAGER,

EXECUTIVE DIRECTOR,

MEMBER OF STRATEGIC COMMITTEE,

AND

AUTHORISED REPRESENTATIVE

The board of directors (the "Board") of Lianhua Supermarket Holdings Co., Ltd. (the "Company") announces that Mr. Xu Tao ("Mr. Xu") has tendered his resignation as the general manager, an executive director, a member of the strategic committee, and the authorised representative of the Company under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Authorised Representative") of the Company due to his personal reasons.

The resignation of Mr. Xu became effective at the time when the appointment of the new general manager, new executive director and new Authorised Representative was approved at the Meeting (as defined below)on 23 April 2021. Mr. Xu has confirmed that he has no disagreement with the Board and there is no matter relating to his resignations that need to be brought to the attention of the shareholders of the Company.

The Board has convened a meeting (the "Meeting") on 23April 2021 in accordance with the requirements of the Company Law of the PRC and the articles of association of the Company.

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The Board is pleased to announce that Mr. Chong Xiao-bing ("Mr. Chong") (Note) ceased to be the executive deputy general manager of the Company and has been appointed as the general manager, an executive director, a member of the strategic committee and the Authorised Representative of the Company.

The above appointments of Mr. Chong becomes effective after such appointments were approved at the Meeting ("Effective Date").

By order of the Board

Lianhua Supermarket Holdings Co., Ltd.

Ye Yong-ming

Chairman

Shanghai, the People's Republic of China, 23 April 2021

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

Executive director:

Chong Xiao-bing;

Non-executivedirectors:Ye Yong-ming, Xu Zi-ying, Xu Hong, Zhang Shen-yu, Dong Xiao-chun and Wong Tak Hung;

Independent non-executivedirectors: Xia Da-wei, Lee Kwok Ming, Don, Chen Wei and Zhao Xin-sheng.

Note：

Mr. Chong Xiao-bing, aged 56, graduated from Beijing Union University with a college degree majoring in Mechanical Design and Manufacturing. Mr. Chong started his career in 1985. Mr. Chong has been a technician of Far East Instrument Co., Ltd.,deputy director of the Electric Instrument Research Office of China Coal Research Institute, and consultant of ICC Business Consulting Company. Mr. Chong has worked at Wumart Group since 1997, and has been the store manager, regional manager, development director, operation director, marketing director, deputy general manager of Beijing Wumei Supermarket Co.,Ltd., vice president of Wumart Group and general manager of East China Region, etc. Mr. Chong has been working in Wumart Group for 22 years, where he has been in charge of purchasing, operation, marketing,investment promotion, planning and other fields. He has rich experience in operation and management of retail chain enterprises. Mr. Chong has strong task management ability, self-confidence and is hardworking with strong execution ability, which can ensure the powerful advancement of target tasks. Mr. Chong served as the executive deputy general manager of the Company from August 2019 to April 2021.

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Mr. Chong was elected as an executive director of the Company at the Meeting for a term from the Effective Date until the conclusion of the upcoming general meeting of the Company, subject however to the articles of association of the Company. Mr. Chong will enter into a service contract with the Company and he will be entitled to receive remuneration from the Company during the term of directorship. Mr. Chong's basic remuneration per year is determined according to the results of the Company and the condition of similar companies in the market and his discretionary bonus during his term of directorship may be determined and adjusted according to the results of the Company and the condition of similar companies in the market, while such adjustments and determination shall be in accordance with the remuneration policy of the Company approved by the shareholders at the 2013 annual general meeting.

As at the date of this announcement, Mr. Chong has no interest in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance. Save as disclosed herein, Mr. Chong has not held any other directorships in any public listed companies in the past three years and has no relationship with any directors, senior management or substantial or controlling shareholders of the Company. Mr. Chong confirmed that there is no other information to be disclosed pursuant to Rule 13.51(2)(h) to (v) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and there is no matter that need to be brought to the attention of shareholders of the Company and the Stock Exchange of Hong Kong Limited.

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