EPI : PASSING AWAY OF INDEPENDENT NON-EXECUTIVE DIRECTOR AND APPOINTMENT OF CHAIRMAN OF AUDIT COMMITTEE AND CHAIRMAN OF CORPORATE GOVERNANCE COMMITTEE

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(Incorporated in Bermuda with limited liability)

(Stock Code: 689)

PASSING AWAY OF INDEPENDENT NON-EXECUTIVE DIRECTOR

AND

APPOINTMENT OF CHAIRMAN OF AUDIT COMMITTEE AND CHAIRMAN OF CORPORATE GOVERNANCE COMMITTEE

PASSING AWAY OF INDEPENDENT NON-EXECUTIVE DIRECTOR

The Board of Directors (the "Board") of EPI (Holdings) Limited (the "Company") regrets to announce that the Company was informed that Mr. To Yan Ming, Edmond ("Mr. To"), an Independent Non-executive Director, passed away on 28 August 2019. Mr. To was also the Chairman of the Audit Committee and the Corporate Governance Committee, and a member of the Remuneration Committee and the Nomination Committee of the Company.

On behalf of the Company, the Board would like to express its deepest sorrow for the departure of Mr. To and convey its condolences to his family. The Board would also like to express its sincere appreciation to Mr. To for his valuable contribution to the Company during his tenure.

APPOINTMENT OF CHAIRMAN OF AUDIT COMMITTEE AND CHAIRMAN OF CORPORATE GOVERNANCE COMMITTEE

The Board would like to announce that:

(i) Mr. Pun Chi Ping ("Mr. Pun"), an Independent Non-executive Director of the Company, has been appointed as the Chairman of the Audit Committee with effect from 2 September 2019; and

1. Mr. Kwong Tin Lap ("Mr. Kwong"), an Independent Non-executive Director of the Company, has been appointed as the Chairman of the Corporate Governance Committee with effect from 2 September 2019.

The Board would like to take this opportunity to welcome Mr. Pun and Mr. Kwong for taking up their new positions.

* For identification purpose only

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By Order of the Board

EPI (Holdings) Limited

Liu Zhiyi

Chairman and Chief Executive Officer

Hong Kong, 2 September 2019

At the date of this announcement, the Board comprises four Executive Directors, namely Mr. Liu Zhiyi (Chairman and Chief Executive Officer), Mr. Sue Ka Lok, Mr. Yiu Chun Kong and Mr. Chan Shui Yuen; one Non-executive Director, namely Mr. Suen Cho Hung, Paul; and three Independent Non-executive Directors, namely Mr. Pun Chi Ping, Ms. Leung Pik Har, Christine and Mr. Kwong Tin Lap.

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