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

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(Incorporated in Bermuda with limited liability)

(Stock Code: 2886)

RESIGNATION AND APPOINTMENT

OF NON-EXECUTIVE DIRECTOR

Resignation of a Non-executive Director

The board of directors (the "Board") of Binhai Investment Company Limited (the "Company") announces that Ms. SHI Jing (石敬女士) ("Ms. Shi") has tendered her resignation as a non-executive director of the Company with effect from 26 July 2018 due to her other business engagements.

Ms. Shi confirmed that she has no disagreement with the Board and there is no other matter with respect to her 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 Ms. Shi for her contributions to the Company during her tenure of office.

Appointment of a Non-executive Director

The Board is pleased to announce that Mr. YU Ke Xiang (于克祥先生) ("Mr. Yu") was appointed as a non-executive director of the Company with effect from 26 July 2018.

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

Mr. Yu, aged 47, graduated from The Tianjin University of Finance and Economics with a Bachelor's Degree in Economics in 1993 and a Master's Degree in Economics in 1999. Mr. Yu has been in financial asset investment management (foreign and domestic capital markets) and fund operations for many years. He joined Tianjin Development Holdings Limited (天津發展 控股有限公司) (Stock Code: 882) ("Tianjin Development", which is interested in approximately 4.23% of the total issued ordinary shares of the Company) since 2010 and has served in various roles including deputy general manager and general manager of Tianjin Development Assets Management Co., Ltd. (天津發展資產管理有限公司), a wholly-owned subsidiary of Tianjin Development. Prior to joining Tianjin Development, Mr. Yu was anassistant to manager of investment banking division and manager of securities division of Northern International Trust and Investment Co., Ltd. (北方國際信托投資股份有限公司), head of operations of Tianjin Guoneng Investment Co., Ltd. (天津國能投資有限公司), senior project manager of fund utilization department of Bohai Property Insurance Co., Ltd. (渤海財 產保險股份有限公司), etc. He is currently the head of capital operation department of Tianjin Development, general manager of Tsinlien (Tianjin) Asset Management Co., Ltd. (津聯(天津) 資產管理有限公司) (a wholly-owned subsidiary of Tsinlien Group Company Limited (津聯集 團有限公司 ) ("Tsinlien")), head of capital operation department of Tianjin Tsinlien Investment Holdings Co., Ltd. (天津津聯投資控股有限公司 ) ("Tsinlien Investment Holdings") (both Tsinlien and Tsinlien Investment Holdings being the controlling shareholders of Tianjin Development), as well as a director of certain subsidiaries of Tianjin Development, Tsinlien and Tsinlien Investment Holdings.

Save as disclosed above and as at the date of this announcement, Mr. Yu has not held any other positions with the Company and its subsidiaries nor holds any directorship in the last three years in other public companies the securities of which are listed on any securities market in Hong Kong or overseas, and is not connected with any other directors, senior management or substantial or controlling shareholders of the Company.

As at the date of this announcement, Mr. Yu 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).

Mr. Yu has entered into a service contract with the Company for a term of three years commencing on 26 July 2018, 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. Yu 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. Yu 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 express its warmest welcome to Mr. Yu on joining the Board.

By Order of the Board

BINHAI INVESTMENT COMPANY LIMITED

Gao Liang

Executive Director

Hong Kong, 26 July 2018

As at the date of this announcement, the Board comprises two executive Directors, namely, Mr. Zhang Bing Jun and Mr. Gao Liang, four non-executive Directors, namely, Mr. Shen Xiao Lin, Mr. Zhang Jun, Mr. Wang Gang and Mr. Yu Ke Xiang, 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.