Pou Sheng International : RESIGNATION OF CHIEF FINANCIAL OFFICER AND APPOINTMENT OF ACTING CHIEF FINANCIAL OFFICER

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POU SHENG INTERNATIONAL (HOLDINGS) LIMITED

寶 勝 國 際（ 控 股 ）有 限 公 司

(Incorporated in Bermuda with limited liability)

(Stock Code: 3813)

RESIGNATION OF CHIEF FINANCIAL OFFICER AND APPOINTMENT OF ACTING CHIEF FINANCIAL OFFICER

The Board announces that with effect from 1 March 2020:

1. Ms. Shen, Yuan-Fang has resigned as the Chief Financial Officer; and
2. Mr. Liao, Yuang-Whang has been appointed as the acting Chief Financial Officer.

RESIGNATION OF CHIEF FINANCIAL OFFICER

The board of directors (the "Board") of Pou Sheng International (Holdings) Limited (the "Company") announces that Ms. Shen, Yuan-Fang ("Ms. Shen") has resigned as the chief financial officer of the Company (the "Chief Financial Officer") with effect from 1 March 2020.

Ms. Shen has confirmed that she has no disagreement with the Board and there is no matter relating to her resignation that needs to be brought to the attention of the shareholders of the Company and/or The Stock Exchange of Hong Kong Limited (the "Stock Exchange").

The Board would like to take this opportunity to express its sincere gratitude to Ms. Shen for her invaluable contribution to the Company.

APPOINTMENT OF ACTING CHIEF FINANCIAL OFFICER

The Board is pleased to announce that Mr. Liao, Yuang-Whang, also known as Daniel Liao ("Mr. Liao"), has been appointed as the acting Chief Financial Officer with effect from 1 March 2020.

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Mr. Liao, aged 50, obtained a Bachelor degree in Management Science from National Chiao Tung University in Taiwan in 1991 and a Master of Philosophy degree from University of Cambridge in the United Kingdom in 2000.

Mr. Liao is currently the head of management accounting department of Pou Chen Corporation ("PCC"), a company listed on the Taiwan Stock Exchange Corporation, but will cease to be such on 1 March 2020. PCC is a controlling shareholder of Yue Yuen Industrial (Holdings) Limited ("Yue Yuen"), a company listed on the Stock Exchange, and through Yue Yuen, is deemed to have interests in the shares of the Company which would fall to be disclosed under the provisions of Divisions 2 and 3 of Part XV of the Securities and Futures Ordinance, Chapter 571 of the Laws of Hong Kong.

Before joining PCC, Mr. Liao held executive positions, including chief financial officer and chief executive officer, in several listed companies in Hong Kong. Mr. Liao also worked as investment director in private equity and vice president in corporate finance of Citibank Hong Kong and Taiwan. Mr. Liao has more than 20 years of experience in banking, finance and corporate governance.

The Board would like to extend its warmest welcome to Mr. Liao on his appointment as the acting Chief Financial Officer.

By Order of the Board

Wu, Pan-Tsu

Chairman

Hong Kong, 28 February 2020

As at the date of this announcement, the Board comprises:

Executive Directors

Mr. Wu, Pan-Tsu (Chairman) and Mr. Lee, Shao-Wu (Chief Executive Officer)

Non-executive Directors

Ms. Tsai Patty, Pei Chun and Mr. Li I-nan

Independent Non-executive Directors

Mr. Chen, Huan-Chung, Mr. Hsieh, Wuei-Jung and Mr. Feng Lei Ming

Website: www.pousheng.com

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