Inno Tech : Announcements and Notices - List of Directors and Their Roles and Functions

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

(incorporated in Bermuda with limited liability)

(Stock Code: 8202)

APPOINTMENT AND RESIGNATION OF

EXECUTIVE DIRECTOR

APPOINTMENT OF

INDEPENDENT NON-EXECUTIVE DIRECTOR AND

CHANGE OF MEMBER OF AUDIT COMMITTEE

NOMINATION COMMITTEE AND REMUNERATION COMMITTEE

The Board announces that Ms. Ma Muyuan has been appointed as an executive director and a member of each of the nomination committee and remuneration committee of the Company with effect from 7

January 2019. The Board also announces that Mr. Lau King Hang has resigned as executive director and a member of each of the nomination committee and remuneration committee of the Company with effect from 7 January 2019. In addition, Mr. Tsang Chun Kit has been appointed as an independent non-executive director, and chairman of audit committee and a member of each of the nomination committee and remuneration committee of the Board with effect from 7 January 2019.

APPOINTMENT OF EXECUTIVE DIRECTOR

The board (the "Board") of directors (the "Directors") of Inno-Tech Holdings Limited (the "Company") is pleased to announce that Ms. Ma Muyuan, ("Ms. Ma") has been appointed as the executive director, member of nomination committee and remuneration committee of the Board with effect from 7 January 2019.

Ms. Ma, aged 25, graduated from the Hong Kong Baptist University with a Master degree of Social Sciences in Media Management in 2016 and the Changchun Normal University with Marketing degree in 2014. She worked in our subsidiary company as project manager since June 2017.

* For identification purpose only

Ms. Ma has entered into a service agreement with the Company for a term of two years and will be subject to retirement by rotation and re-election in accordance with the bye-laws of the Company. Pursuant to the terms of her service agreement with the Company, Ms. Ma is entitled to an annual emolument of HK$216,000 which has been determined by the Board, under the recommendation from the remuneration committee of the Board, with reference to her duties and experience. Save as disclosed above, as at the date of this announcement, Ms. Ma (i) has not held any other major appointments and qualifications or directorships in other listed company in the last three years; (ii) does not have any relationship with any Director, senior management, substantial or controlling shareholders (having the meaning ascribed to them in the Rules Governing the Listing of Securities on the GEM (the "GEM") of the Stock Exchange (the "GEM Listing Rules") of the Company; (iii) does not hold other positions with the Company or other members of the Group; and (iv) is not interested in any shares of the Company within the meaning of Part XV of the SFO.) Save as disclosed above, there is no further information required to be disclosed pursuant to the requirements of Rule 17.50(2)(h) to (v) of the GEM Listing Rules and there are no other matters relating to the appointment of Ms. Ma that needs to be brought to the attention of the Stock Exchange or the shareholders of the Company.

APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR

The board (the "Board") of directors (the "Directors") of Inno-Tech Holdings Limited (the "Company") is also pleased to announce that Mr. Tsang Chun Kit ("Mr. Tsang") has been appointed as Independent Non-Executive director and chairman of the audit committee of the Board and a member of each of the nomination committee and remuneration committee of the Board with effect from 7 January 2019.

Mr. Tsang, aged 32, graduated from the Hong Kong University of Science and Technology with Degree of Science in Applied Physics (Hons) in 2009 and acquired the qualified member of Hong Kong Institute of Certified Public Accountants in 2015. He worked in various CPA firms since 2011. Currently, he is senior manager of Global Vision CPA Limited.

Mr. Tsang has entered into a letter of appointment with the Company as an independent non-executive director for a fixed term of three years commencing from 7 January 2019, subject to retirement by rotation and re-election at the annual general meeting of the Company in accordance with the bye-laws of the Company. Mr. Tsang is entitled to an annual emolument of HK$120,000 which has been determined by the Board, under the recommendation from the remuneration committee, with reference to his duties and experience. Save as disclosed above, as at the date of this announcement, Mr. Tsang (i) has not held any other major appointments and qualifications or directorships in other listed company in the last three years; (ii) does not have any relationship with any director, senior management, substantial or controlling shareholders (having the meaning ascribed to them in the Rules Governing the Listing of Securities on GEM (the "GEM Listing Rules") of The Stock Exchange of Hong Kong Limited (the "Stock Exchange")) of the Company; (iii) does not hold other positions with the Company or other members of the Group; and (iv) is not interested in any shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance. Save as disclosed above, there is no further information required to be disclosed pursuant to the requirements of Rule 17.50(2)(h) to (v) of the GEM Listing Rules and there are no other matters relating to the appointment of Mr. Tsang that need to be brought to the attention of the Stock Exchange or the shareholders of the Company.

The Board would like to express its warmest welcome to Ms. Ma and Mr. Tsang for joining the Board.

RESIGNATION OF EXECUTIVE DIRECTOR

The board (the "Board") of directors (the "Directors") of Inno-Tech Holdings Limited (the "Company") wishes to announce that Mr. Lau King Hang ("Mr. Lau") has resigned as an executive Director, member of remuneration committee and nomination committee of the Board with effect from 7 January 2019 as he would like to devote more time on his other business commitment. Mr. Lau has confirmed that he has no disagreement with the Board and that there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited (the "Stock Exchange").

The Board would like to take this opportunity to express its gratitude to Mr. Lau for his contribution to the Company during his tenure of office.

By order of the Board

Inno-Tech Holdings Limited

Wang Yu

Executive Director

Hong Kong, 7 January 2019

As at the date of this announcement (taking into account the changes set out herein), the Directors are:

Executive Directors:

Mr. Pu Haiyong (Chairman)

Mr. Wang Yu (Chief executive officer) Dr. Chan Yiu Wing

Mr. Zhang Baocai Ms. Ma Muyuan

Independent non-executive Directors: Mr. Samuel Wong

Mr. Tse Yuen Ming Mr. Tsang Chun Kit

This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on the GEM of The Stock Exchange of Hong Kong Limited for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that to the best of their knowledge and belief the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading.

This announcement will remain on the "Latest Company Announcements" page on the GEM website atwww.hkgem.comfor at least 7 days from the date of its posting and on the website of the Company atwww.it-holdings.com.hk.