Yeebo International : APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR

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YEEBO (INTERNATIONAL HOLDINGS) LIMITED

(Incorporated in Bermuda with limited liability)

(Stock Code: 259)

APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR

Further to the announcement made by the Company dated 7 December 2020, the Board is pleased to announce that Professor Lau Kei May has been appointed as an independent non-executive director of the Company with effect from 29 March 2021.

Following the appointment of Professor Lau Kei May, the Company has eight directors comprise three executive directors, two non-executive directors and three independent non-executive directors. As a result, the number of independent non-executive directors of the Board has fulfilled the minimum number as required under Rules 3.10(1) and 3.10A of the Listing Rules.

Further to the announcement made by Yeebo (International Holdings) Limited (the "Company") dated 7 December 2020, the board of directors (the "Board") of the Company is pleased to announce that Professor Lau Kei May ("Prof. Lau") has been appointed as an independent non-executive director of the Company with effect from 29 March 2021.

Prof. Lau, aged 66, is a Chair Professor of the Department of Electronic & Computer Engineering, a Senior Fellow of the Institute of Advance Study, and Director of Photonics Technology Center at the Hong Kong University of Science and Technology ("HKUST"). She received the bachelor of science and master of science degrees in physics from University of Minnesota, Minneapolis, in 1976 and 1977 respectively, and the Ph.D. Degree in Electrical Engineering from Rice University, Houston, Texas, in 1981. From 1980 to 1982, she was a Senior Engineer at M/A-COM Gallium Arsenide Products Inc. In 1982, she joined the faculty of the Electrical and Computer Engineering Department at the University of Massachusetts/Amherst ("UMass"), where she became a full professor in 1993. She initiated metalorganic chemical vapor deposition (MOCVD), compound semiconductor materials and devices programs at UMass. In 1998, she was a visiting professor at the HKUST, where she joined the regular faculty since 2000. She established the Photonics Technology Center for R&D effort in III-V and wide band-gap semiconductor materials and devices. Prof. Lau is a Fellow of the Institute of Electrical and Electronics Engineers ("IEEE"), Optical Society ("OSA"), and the Hong Kong Academy of Engineering Sciences. She is also a recipient of the Institute of Engineering and Technology J J Thomson medal, OSA Nick Holonyak Jr. Award, IEEE Photonics Society Aron Kressel Award, US National Science Foundation Faculty Awards for Women Scientists and Engineers and Hong Kong Croucher Senior Research Fellowship. She served on the IEEE Electron Devices Society Administrative Committee and was an Editor of the IEEE Transactions on Electron Devices (1996-2002) and Electron Device Letters (2016-2019), an Associate Editor for the Journal of Crystal Growth and Applied Physics Letters.

Prof. Lau has entered into a letter of appointment with the Company and the term of her service shall continue for a period of 3 years. Her appointment is also subject to the relevant provisions of retirement and re-election at the annual general meetings of the Company. Prof. Lau will hold office until the next following annual general meeting of the Company and will be eligible for re-election at that meeting in accordance with the bye-laws of the Company or any other applicable laws. Under the letter of appointment, Prof. Lau will receive an annual remuneration of HK$300,000.

Save as disclosed above, as at the date of this announcement, Prof. Lau confirmed that (i) she does not have any relationship with any directors, senior management, substantial or controlling shareholders of the Company; (ii) she does not have and is not deemed to have any interest in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong); (iii) she has not held any other directorship 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; (iv) she does not hold other positions with the Company or its subsidiaries; and (v) there is no other matter or information in relation to the appointment of Prof. Lau that needs to be brought to the attention of shareholders or to be disclosed pursuant to Rule 13.51 (2) (h) to 13.51 (2) (v) of the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited (the "Listing Rules").

Following the appointment of Prof. Lau, the Company has eight directors comprise three executive directors, two non-executive directors and three independent non-executive directors. As a result, the number of independent non-executive directors of the Board has fulfilled the minimum number as required under Rules 3.10(1) and 3.10A of the Listing Rules.

The Company would like to take this opportunity to welcome Prof. Lau to join the Board.

By Order of the Board

Yeebo (International Holdings) Limited

Lau Siu Ki, Kevin

Company Secretary

Hong Kong, 29 March 2021

As at the date of this announcement, the Board comprises Mr. Fang Hung, Kenneth, GBS, JP, Mr. Li Kwok Wai, Frankie and Mr. Leung Tze Kuen as executive directors; Mr. Fang Yan Tak, Douglas and Mr. Chen Shuang, JP as non-executive directors and Mr. Chu Chi Wai, Allan, Mr. Lau Yuen Sun, Adrian and Prof. Lau Kei May as independent non-executive directors.