Y T Realty : APPOINTMENT OF EXECUTIVE DIRECTOR

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.

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(Incorporated in Bermuda with limited liability)

(Stock Code: 75)

APPOINTMENT OF EXECUTIVE DIRECTOR

The board (the "Board") of directors of Y. T. Realty Group Limited (the "Company", together with its subsidiaries, the "Group") is pleased to announce that Mr. WONG Hy Sky ("Mr. Wong") has been appointed as an executive director of the Company with effect from 15 October 2019.

Mr. Wong (former English name: Huang Yun), aged 47, has more than 20 years of extensive experience in investments, operations and business management, and is particularly passionate about promoting enterprise innovation. Mr. Wong is a pragmatic entrepreneur and has experience in forming joint ventures with large enterprises to jointly operate and develop the markets. Mr. Wong has engaged in various businesses including comprehensive large-scale real estate development, infrastructure construction, oil and natural gases, and fast-moving consumer goods.

There is no service contract between Mr. Wong and the Company. However, Mr. Wong shall be subject to retirement by rotation, removal, vacation or termination of the office as a director, and disqualification to act as a director in the manner specified in the Company's bye-laws, applicable laws and the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules"). Mr. Wong is entitled to a salary of HK$230,000 per month and year-end payment prorated for any incomplete year of service, and an annual discretionary bonus (if any), subject to annual assessment. His emolument is determined by the remuneration committee of the Company, with delegated responsibility, with reference to his experience, duties and responsibilities within the Company as well as the Company's performance and prevailing market conditions.

Save as disclosed above, Mr. Wong does not hold and has not in the last three years held any directorships in other public companies the securities of which are listed on any securities market in Hong Kong or overseas, or any other position with the Company and other members of the Group, or other major appointments and professional qualifications. He does not have any other relationship with any director, senior management, substantial shareholder or controlling shareholder of the Company.

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As at the date of this announcement, Mr. Wong does not have any interest in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

Save as disclosed above, there are no other matters relating to the appointment of Mr. Wong that need to be brought to the attention of the shareholders of the Company nor is there any information that needs to be disclosed pursuant to the requirements of Rule 13.51(2) of the Listing Rules.

The Board would like to welcome Mr. Wong to the Company.

On behalf of the Board

Cheung Chung Kiu

Chairman and Managing Director

Hong Kong, 15 October 2019

As at the date hereof, the Board comprises Cheung Chung Kiu, Yuen Wing Shing, Tung Wai Lan, Iris and Wong Hy Sky who are executive directors; and Ng Kwok Fu, Luk Yu King, James and Leung Yu Ming, Steven who are independent non-executive directors.

* For identification purposes only

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