Ye Xing : CLARIFICATION ANNOUNCEMENT

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Ye Xing Group Holdings Limited

燁 星 集 團 控 股 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1941)

CLARIFICATION ANNOUNCEMENT

Reference is made to the announcement of Ye Xing Group Holdings Limited (the "Company") dated 18 August 2020 regarding, among other matters, the change of Chief Financial Officer, Company Secretary and Authorised Representatives with effect from 18 August 2020. The Company would like to clarify that Mr. Lee Ka Wai resigned as the Chief Financial Officer, the Company Secretary and the Authorised Representatives due to his personal pursuance on devoting more time to his new business venture outside the Company.

By order of the Board

Ye Xing Group Holdings Limited

Wu Guoqing

Chairman

Hong Kong, 31 August 2020

As at the date of this announcement, the Board comprises Ms. Wu Guoqing, Mr. Zhao Weihao and Ms. Li Yin Ping as executive directors; and Mr. Cheung Wai Hung, Mr. Chan Cheong Tat and Ms. Chen Weijie as independent non-executive directors.