Luks Vietnam : Announcements and Notices - Change of Independent Non-executive Director and Member of Audit Committee

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LUKS GROUP (VIETNAM HOLDINGS) COMPANY LIMITED

陸陸陸陸氏氏氏氏集集集集團團團團（（（（越越越越南南南南控控控控股股股股））））有有有有限限限限公公公公司司司司

(incorporated in Bermuda with limited liability)

(Stock code: 366) CHANGE OF INDEPENDENT NON-EXECUTIVE DIRECTOR AND MEMBER OF AUDIT COMMITTEE

The Board of the Company announces that Mr. CHAN Kam Fuk has resigned as an Independent Non-executive Director together with a member of the Audit Committee of the Company, and Mr. LAM Chi Kuen has been appointed as an Independent Non-executive Director and a member of the Audit Committee of the Company with effect from 15 September 2016.

Resignation of Independent Non-executive Director and member of Audit Committee

The board of directors (the "Board") of Luks Group (Vietnam Holdings) Company Limited (the "Company") announces that Mr. CHAN Kam Fuk has resigned as an Independent Non-executive Director together with a member of the Audit Committee of the Company due to his wish to focus on the development of his personal business with effect from 15 September 2016.

Mr. CHAN Kam Fuk has confirmed that he has no disagreement with the Board and there are no other matters that need to be brought to the attention of the shareholders of the Company in relation to his resignation.

The Board would like to take this opportunity to express its gratitude to Mr. CHAN Kam Fuk for his valuable contributions to the Company during his tenure of office.

Appointment of Independent Non-executive Director and member of Audit Committee

The Board of the Company announces that Mr. LAM Chi Kuen has been appointed as an Independent Non-executive Director and a member of the Audit Committee of the Company with effect from 15 September 2016.

Mr. LAM Chi Kuen, aged 63, has years of experience in auditing, taxation, finance and accounting fields. Mr. LAM currently serves as an independent non-executive director of China Pacific Insurance (Group) Company Limited. Mr. LAM was formerly a senior adviser and partner of Ernst & Young. Mr. LAM was awarded with a Higher Diploma in Accounting. Mr. LAM is a member of Hong Kong Institute of Certified Public Accountants and a fellow member of the Association of Chartered Certified Accountants.

Mr. Lam does not have any relationship with any other Directors, senior management or substantial or controlling shareholders of the Company. He does not have any interest in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance. In accordance with the Company's bye-laws, Mr. Lam will hold office as a Director until the next annual general meeting and will be subject to retirement by rotation and re-election in accordance with the Company's bye-laws and the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules"). Mr. Lam has entered into a formal letter of appointment as an Independent Non-executive Director of the Company setting out the key terms and conditions in relation to his appointment. As specified in the letter of appointment, Mr. Lam is entitled to a Director's fee of HK$100,000 per annum (or a pro rata amount for the duration of his directorship for an incomplete year).

Save as disclosed above, there is no other information concerning Mr. Lam's appointment as an Independent Non-executive Director that needs to be brought to the attention of the shareholders of the Company or is required to be disclosed pursuant to Rule 13.51(2) of the Listing Rules.

By Order of the Board

Luks Group (Vietnam Holdings) Co. Ltd.

Martin Fan Company Secretary

Hong Kong, 14 September 2016

As at the date of this announcement, the Board of Directors comprises Ms. Cheng Cheung, Mr. Luk Yan, Mr. Fan Chiu Tat, Martin, Mr. Luk Fung, and Ms. Luk Sze Wan, Monsie (who are executive directors), and Mr. Liu Li Yuan, Mr. Liang Fang and Mr. Chan Kam Fuk (who are independent non-executive directors).