Min Xin : RESIGNATION OF EXECUTIVE DIRECTOR AND GENERAL MANAGER, APPOINTMENT OF EXECUTIVE DIRECTOR AND GENERAL MANAGER, AND CHANGE OF COMPOSITION OF BOARD COMMITTEES

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MIN XIN HOLDINGS LIMITED 閩信集團有限公司

(Incorporated in Hong Kong with limited liability)

(Stock Code: 222)

RESIGNATION OF EXECUTIVE DIRECTOR AND GENERAL MANAGER,

APPOINTMENT OF EXECUTIVE DIRECTOR AND GENERAL MANAGER，

AND

CHANGE OF COMPOSITION OF BOARD COMMITTEES

The board of directors of Min Xin Holdings Limited announces that:

• 1. Mr. LIU Cheng has resigned as an Executive Director, a General Manager, and a member of the Executive Committee and the Remuneration Committee of the Company with effect from 10 September 2018; and

• 2. Mr. CHEN Yu has been appointed as an Executive Director, a General Manager, a member of the Executive Committee and the Remuneration Committee of the Company with effect from 10 September 2018.

RESIGNATION OF EXECUTIVE DIRECTOR, GENERAL MANAGER, MEMBER OF EXECUTIVE COMMITTEE AND REMUNERATION COMMITTEE

The board of directors (the "Board") of Min Xin Holdings Limited (the "Company") announces that Mr. LIU Cheng ("Mr. Liu") has resigned as an Executive Director, a General Manager, and a member of the Executive Committee and the Remuneration Committee of the Company due to other work commitments in Mainland China with effect from 10 September 2018.

Mr. Liu has confirmed that he has no disagreement with the Board and there is no other matter regarding his resignation that needs to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited (the "Stock Exchange").

The Board would like to express its sincere gratitude and appreciation to Mr. Liu for his valuable contributions to the Company during his tenure of office.

APPOINTMENT OF EXECUTIVE DIRECTOR, GENERAL MANAGER, MEMBER OF EXECUTIVE COMMITTEE AND REMUNERATION COMMITTEE

The Board of the Company further announces that Mr. CHEN Yu ("Mr. Chen"), an Executive Deputy General Manager of the Company, has been appointed as an Executive Director, a General Manager, and a member of the Executive Committee and the Remuneration Committee of the Company with effect from 10 September 2018.

Mr. Chen, aged 54, has been appointed as an Executive Deputy General Manager of the Company since August 2018. Mr. Chen is currently the chairman and the legal representative of 福建省中小企業信用再擔保有限責任公司 (Fujian Province SMEs Credit Re-guarantee Co., Ltd. *). Mr. Chen holds a Bachelor degree in Water Conservancy and Hydropower Engineering from Civil Architectural Engineering Department of Fuzhou University. He is a Senior Economist in Mainland China.

From July 1985 to April 2000, Mr. Chen worked for the Fujian Branch of Construction Bank of China as a clerk of the Investment Department, a clerk of the Sales Department, the deputy manager of the Credit Department, the deputy manager of the Sales Department, the manager of the Business Development Department, and the section chief of the Asset Preservation Department. From April 2000 to July 2004, he was the deputy general manager of the Private Business Department, the director of the Credit Management Department, and the deputy general manager of the Administration Office of the Fuzhou Branch of China Everbright Bank. From July 2004 to April 2007, he served as the sub-branch manager of the Gulou Branch in Fuzhou of China Everbright Bank. From April 2007 to December 2007, he served as the deputy director of the Science and Technology Department of Fujian Rural Credit Union. From February 2008 to September 2009, he worked for Fujian Rural Credit Union as the director of the Science and Technology Department and the general manager of the Science and Technology Service Center. From September 2009 to June 2011, he worked for Fujian Rural Credit Union as the director of Science and Technology Department, the general manager of Science and Technology Service Center, and the director of Ningde Office. From June 2011 to February 2015, he also worked for Fujian Rural Credit Union as the director of the Science and Technology Department and the general manager of the Science and Technology Service Center. From February 2015 to February 2018, he served as the general manager of the Science and Technology Department (Technology Service Center) and the general manager of the Innovation and Development Department of Fujian Rural Credit Union. From February 2018 to August 2018, he served as the general manager of 福建省中小企業 信用再擔保有限責任公司 (Fujian Province SMEs Credit Re-guarantee Co., Ltd. *). And, from February 2018 to September 2018, he served as the chairman and the legal representative of 福建省農業信貸擔保有限公司 (Fujian Agricultural Credit Guarantee Co., Ltd. *).

He has extensive experience in financial technology, capital operations and financing re-guarantee.

Save as disclosed above, Mr. Chen has not held any other position with the Company or any of its subsidiaries and has not held other directorships in any other public companies the securities of which are listed on any securities market in Hong Kong or overseas in the last three years.

Save as disclosed above, Mr. Chen does not have any relationship with any directors, senior management or substantial or controlling shareholders of the Company.

As at the date of this announcement, Mr. Chen does not have any interests in the shares of the Company within the meaning of Part XV of the Securities and Future Ordinance (Chapter 571 of the Laws of Hong Kong).

There is no service contract entered into between the Company and Mr. Chen. Mr. Chen has not been appointed for a specific term but will be subject to retirement by rotation and re-election at annual general meetings of the Company in accordance with the provisions of the Company's Articles of Association. He is entitled to a fixed remuneration of HK$60,000 per annum for acting as an Executive Director of the Company and a basic salary of HK$1,121,380 and discretionary bonus for acting as a General Manager of the Company respectively, such amount being determined from time to time by the Board with reference to the prevailing market conditions, the situation of the Company and his job responsibility.

Save as disclosed above, the Board is not aware of any other matters relating to the appointment of Mr. Chen that are needed to be brought to the attention of the shareholders of the Company nor any information to be disclosed pursuant to the requirements of Rule 13.51(2)(h) to 13.51(2)(v) of the Rules Governing the Listing of Securities on the Stock Exchange.

The Board would like to take this opportunity to extend its warmest welcome to Mr. Chen for joining the Board.

By Order of the Board Min Xin Holdings Limited

YAN Zheng

Executive Director and Chairman

Hong Kong, 10 September 2018

As at the date of this announcement, the executive Directors of the Company are Messrs YAN Zheng (Chairman), WANG Fei (Vice Chairman) and CHEN Yu; the non-executive Directors are Messrs LIU Lun and HON Hau Chit; the independent non-executive Directors are Messrs IP Kai Ming, CHEUNG Man Hoi and LEUNG Chong Shun.

* the relevant English name is only a transliteration of the Chinese name for reference only.