Binhai Investment : Announcements and Notices - Resignation and Appointment of Non-executive Director

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(Incorporated in Bermuda with limited liability)

The board of directors (the "Board") of Binhai Investment Company Limited (the "Company") announces that Mr. LI Wei ("Mr. Li") has tendered his resignation as a non-executive director of the Company with effect from 17 March 2017 in pursuit of his career development.

Mr. Li confirmed that he has no disagreement with the Board and there is no other matter with respect to his resignation which needs to be brought to the attention of the shareholders of the Company (the "Shareholders").

The Board would like to express its sincere gratitude to Mr. Li for his contributions to the Company during his tenure of office.

The Board is pleased to announce that Mr. HE Xiang Li ("Mr. He") was appointed as a non-executive director of the Company with effect from 17 March 2017.

The biographical details of Mr. He are set out as follows:

Mr. He, aged 41, graduated from Shanghai University of Finance and Economics with a Bachelor's Degree in Economics in 1997 and obtained a Master's Degree in Finance from Fudan University in 2006. From 2003 to 2014, Mr. He was an Investment Director of Direct Investment Department of China Everbright Limited which is a listed company on The Stock Exchange of Hong Kong Limtied (Stock Code: 165). Mr. He joined Forebright Capital Management Limited (光遠資本管理有限公司)

since 2014 and currently serves as a director and general manager of the said company.

Save as disclosed above, Mr. He has not held any directorship in any other listed companies or any other position in the Company and its subsidiaries during the three years preceding the date of this announcement. Mr. He is not connected with any other directors, senior management or substantial or controlling shareholders of the Company. Mr. He has no interest in the ordinary shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong).

Mr. He has entered into a service contract with the Company for a term of three years commencing on 17 March 2017, subject to retirement by rotation and re-election at the annual general meeting of the Company in accordance with the requirement of the bye-laws of the Company. Mr. He is entitled to a director's fee of HK$200,000 per year, which has been reviewed by the remuneration committee of the Company and determined by the Board with reference to market rates, his qualifications and experience.

Save as disclosed above, Mr. He has confirmed that there are no other matters that need to be brought to the attention of the Shareholders in connection with his appointment and there is no information to be disclosed pursuant to Rules 13.51(2)(h) to (v) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

The Board would like to expresses its warmest welcome to Mr. He on joining the Board.

By order of the Board

BINHAI INVESTMENT COMPANY LIMITED

Gao Liang

Executive Director

Hong Kong, 17 March 2017

As at the date of this announcement, the Board comprises two executive Directors, namely, Mr. Zhang Bing Jun and Mr. Gao Liang, six non-executive Directors, namely, Mr. Shen Xiao Lin, Mr. Zhang Jun, Mr. Wang Gang, Ms. Zhu Wen Fang, Ms. Shi Jing and Mr. He Xiang Li, and four independent non-executive Directors, namely, Mr. Ip Shing Hing, J.P., Professor Japhet Sebastian Law, Mr. Tse Tak Yin and Mr. Lau Siu Ki, Kevin.