Ngai Shun : Announcements and Notices - Resignation of Independent Non-executive Director and Change of Composition of Board Committees

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Ngai Shun Holdings Limited

毅 信 控 股 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 01246)

RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR AND

CHANGE OF COMPOSITION OF BOARD COMMITTEES

RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR

The board (the ''Board'') of directors (the ''Director(s)'') of Ngai Shun Holdings Limited (the ''Company'') announces that due to the wish to devote more time to her personal commitments, Ms. Lau Mei Ying (''Ms. Lau'') have tendered her resignation as an independent non-executive Director with effect from 17 July 2017.

Ms. Lau has confirmed that she has no disagreement with the Board and there are no other matters relating to her resignation that need to be brought to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited. The Board would like to take this opportunity to extend its gratitude to Ms. Lau for her valuable contribution to the Company during her tenure of service.

CHANGE OF COMPOSITION OF BOARD COMMITTEES

Following the resignation of Ms. Lau and with effect from 17 July 2017 :

1. Ms. Lau has ceased to act as a member of each of the audit committee (the ''Audit Committee''), the nomination committee (the ''Nomination Committee'') and the remuneration committee (the ''Remuneration Committee'') of the Company; and

2. Mr. Eric Todd, the independent non-executive Director, has been appointed as a member of each of the Audit Committee, the Nomination Committee and the Remuneration Committee.

By order of the Board

Ngai Shun Holdings Limited Mock Wai Yin

Executive Director and Chairman

Hong Kong, 17 July 2017

As at the date of this announcement, the Company has (i) two executive Directors, namely Mr. Mock Wai Yin and Dr. Wong Yun Kuen; (ii) one non-executive Director, namely Mr. Chui Kwong Kau; and (iii) three independent non-executive Directors, namely Mr. Lam Chi Wai, Mr. Eric Todd and Mr. Chai Chi Man.

In the case of any inconsistency, the English text of this announcement shall prevail over the Chinese text.