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

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(Incorporated in Bermuda with limited liability)

(Stock Code: 2886)

RESIGNATION OF NON-EXECUTIVE DIRECTOR

The board of directors (the "Board") of Binhai Investment Company Limited (the "Company") announces that Ms. ZHU Wen Fang ("Ms. Zhu") has tendered her resignation as a non-executive director of the Company with effect from 4 May 2018 to focus on pursuing other career development.

Ms. Zhu 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 holders of securities of the Company.

The Board would like to express its sincere gratitude to Ms. Zhu for her contributions to the Company during her tenure of office.

Reference is made to the circular convening the annual general meeting of the Company (the "AGM") dated 11 April 2018 (the "Circular") in respect of certain matters including, among other things, the re-election of Ms. Zhu as a non-executive director of the Company which has been despatched to the shareholders. In view of the aforesaid resignation of Ms. Zhu as a non-executive director of the Company, any reference in relation to the proposed re-election of Ms. Zhu as a non-executive director of the Company at the AGM as stated in the Circular is no longer applicable.

Furthermore, ordinary resolution number 3(A)(c), as stated in the proxy form for the AGM (the "Proxy Form") which was despatched to the shareholders of the Company together with the notice of the AGM dated 11 April 2018, namely:

"3(A)(c) To re-elect Ms. Zhu Wen Fang as non-executive Director"

shall no longer be applicable and shall be disregarded. Save for the amendments to the Circular and the Proxy Form stated in this announcement, there are no other amendments to the Circular and the Proxy Form.

By order of the Board

Binhai Investment Company Limited

Gao Liang

Executive Director

Hong Kong, 4 May 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 Ms. Shi Jing 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.