Guangnan : CHANGE OF COMPANY SECRETARY

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(incorporated in Hong Kong with limited liability)

(Stock code: 1203)

CHANGE OF COMPANY SECRETARY

The Board announces that with effect from 14 August 2020:

1. Ms. Lo Wing Suet has tendered her resignation as the Company Secretary; and
2. Ms. Tsang Tsz Ying, Fion has been appointed as the Company Secretary.

The board of directors (the "Board") of GDH Guangnan (Holdings) Limited (the "Company") announces that Ms. Lo Wing Suet ("Ms. Lo") has tendered her resignation as the Company Secretary of the Company (the " Company Secretary") with effect from 14 August 2020.

Ms. Lo has confirmed that she has no disagreement with the Board and she is not aware of any matter relating to her resignation which needs to be brought to the attention of the shareholders of the Company.

The Board also announces that Ms. Tsang Tsz Ying, Fion ("Ms. Tsang") has been appointed to replace Ms. Lo as the Company Secretary with effect from 14 August 2020. Ms. Tsang is a fellow member of The Hong Kong Institute of Chartered Secretaries and The Chartered Governance Institute (formerly The Institute of Chartered Secretaries and Administrators).

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The Board would like to take this opportunity to express its sincere gratitude to Ms. Lo for her valuable contribution to the Company during her tenure of office and also express its warm welcome to Ms. Tsang on her new appointment.

By order of the Board

Chen Benguang

Chairman

Hong Kong, 14 August 2020

As at the date of this announcement, the Board is composed of three Executive Directors, namely Messrs. Chen Benguang, He Jinzhou and Chau Wang Kei; one Non-Executive Director, namely Mr. Wang Longhai; and three Independent Non-Executive Directors, namely Mr. Gerard Joseph McMahon, Mr. Li Kar Keung, Caspar and Dr. Wong Yau Kar, David.

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