Vietnam Manfng and Exp Prcsng Hldng : CHANGE OF CHIEF FINANCIAL OFFICER

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Vietnam Manufacturing and Export Processing (Holdings) Limited

越南製造加工出口(控股)有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 422)

CHANGE OF CHIEF FINANCIAL OFFICER

The board (the "Board") of directors of Vietnam Manufacturing and Export Processing (Holdings) Limited (the "Company", together with its subsidiaries, the "Group") announces that with effect from 1 September 2019, (i) Mr. Lin Chun Yu ("Mr. Lin"), due to work reallocation, will resign as the chief financial officer of the Company and the head of the finance department of various major subsidiaries of the Group, including Vietnam Manufacturing and Export Processing Company Limited ("VMEP") and Vietnam Casting Forge Precision Limited ("VCFP") but will remain as an executive director of the Company and the director of VMEP, the Company's subsidiary; and (ii) Mr. Yeh Shih Ming ("Mr. Yeh") will be appointed as the chief financial officer of the Company and the head of the finance department of various major subsidiaries of the Group, including VMEP and VCFP.

Mr. Yeh, aged 46, holds a bachelor's degree in banking and finance from Tamkang University in Taiwan and an executive master degree in business administration (EMBA) from Cheng Kung University in Taiwan. Prior to joining the Company, he had worked in Sanyang Motor Co., Ltd., the ultimate holding company of the Company for over ten years. Mr. Yeh has over 20 years of experience in accounting and finance.

Mr. Lin has confirmed that he has no disagreement with the Board and there is no matter in relation to his resignation from the position that needs to be brought to the attention of The Stock Exchange of the Hong Kong Limited and the shareholders of the Company.

The Board would like to take this opportunity to express its sincere gratitude to Mr. Lin for his valuable contributions to the Company during his tenure of services as the chief financial officer and extend its warmest welcome to Mr. Yeh on his appointment.

By order of the Board

Vietnam Manufacturing and Export

Processing (Holdings) Limited

Liu Wu Hsiung

Chairman

Hong Kong, 30 August 2019

As at the date of this announcement, the board of directors of the Company comprised four executive directors, namely Mr. Liu Wu Hsiung, Mr. Lin Chih Ming, Mr. Lin Chun Yu and Mr. Chiang Chin Yung, two non-executive directors, namely Mr. Chiu Ying Feng and Ms. Wu Li Chu and three independent non-executive directors, namely Ms. Lin Ching Ching, Mr. Shen Hwa Rong and Ms. Wu Kwei Mei.