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.

HNA Technology Investments Holdings Limited

海航科技投資控股有限公司

(incorporated in the Cayman Islands with limited liability)

(Stock Code: 2086) ANNOUNCEMENT RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR AND CHANGES OF BOARD COMMITTEES RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR

The Board announces that Mr. Yim tendered his resignation as an independent non- executive Director, a member and the chairman of each of the Audit Committee and the Nomination Committee and a member of the Remuneration Committee with effect from 30 September 2017.

CHANGES OF BOARD COMMITTEES

The Board further announces Mr. Guo has been appointed as a member and the chairman of the Nomination Committee and a member of the Remuneration Committee with effect from 30 September 2017.

NON-COMPLIANCE WITH RULES 3.10, 3.10A AND 3.21 OF THE LISTING RULES

Following the resignation of Mr. Yim being effective on 30 September 2017, the Board comprises five executive Directors and two independent non-executive Directors. As a result, if the vacancy is not filled on or before 30 September 2017, the Company is not in compliance with Rule 3.10 and 3.10A of the Listing Rules with regard to the composition of the Board and with Rule 3.21 of the Listing Rules with regard to the composition of the Audit Committee.

Pursuant to Rules 3.11 and 3.23 of the Listing Rules, the Company will use its best endeavours to meet the requirements set out in Rules 3.10, 3.10A and 3.21 of the Listing Rules by the end of 3 months from 30 September 2017. Further announcement(s) will be made by the Company as and when appropriate.

RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR

The board (the "Board") of directors (the "Directors") of HNA Technology Investments Holdings Limited (the "Company") announces that Mr. Yim Kai Pung ("Mr. Yim") tendered his resignation as an independent non-executive Director, a member and the chairman of each of the audit committee of the Company (the "Audit Committee") and the nomination committee of the Company (the "Nomination Committee") and a member of the remuneration committee of the Company (the "Remuneration Committee") with effect from 30 September 2017.

The resignation of Mr. Yim was due to his other business commitments which require more of his time and dedication. Mr. Yim has confirmed that he has no disagreement with the Board and there is nothing relating to his resignation that needs to be brought to the attention of the shareholders of the Company.

The Board would like to take this opportunity to express its gratitude and appreciation to Mr. Yim for his valuable contribution to the Company during his term of office.

CHANGES OF BOARD COMMITTEES

Following the resignation of Mr. Yim being effective, Mr. Guo Dan ("Mr. Guo") was appointed as a member and the chairman of the Nomination Committee and a member of the Remuneration Committee in place of Mr. Yim with effect from 30 September 2017.

Upon the above changes taking effect, the composition of the Audit Committee, the Remuneration Committee and the Nomination Committee are as follows:

Audit Committee Mr. Guo Dan

Ms. Kaung Cheng Xi Dawn

Remuneration Committee Ms. Kaung Cheng Xi Dawn (Chairman)

Mr. Guo Dan

Mr. Wong Chi Ho

Nomination Committee Mr. Guo Dan (Chairman)

Ms. Kaung Cheng Xi Dawn Mr. Wong Chi Ho

NON-COMPLIANCE WITH RULES 3.10, 3.10A AND 3.21 OF THE RULES GOVERNING THE LISTING OF SECURITIES ON THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "LISTING RULES")

Following the resignation of Mr. Yim being effective on 30 September 2017, the Board comprises five executive Directors and two independent non-executive Directors. As a result, if the vacancy is not filled on or before 30 September 2017, the Company is not in compliance with Rule 3.10 and 3.10A of the Listing Rules with regard to the composition of the Board and with Rule 3.21 of the Listing Rules with regard to the composition of the Audit Committee.

Pursuant to Rules 3.11 and 3.23 of the Listing Rules, the Company will use its best endeavours to meet the requirements set out in Rules 3.10, 3.10A and 3.21 of the Listing Rules by the end of 3 months from 30 September 2017. Further announcement(s) will be made by the Company as and when appropriate.

By order of the Board of

HNA Technology Investments Holdings Limited Tong Fu

Chairman

Hong Kong, 1 September 2017

As at the date of this announcement, the Board comprises five executive Directors, namely Mr. Tong Fu, Mr. Wang Hao, Mr. Peng Fang, Mr. Zhang Tao and Mr. Wong Chi Ho, and three independent non-executive Directors, namely Mr. Guo Dan, Ms. Kaung Cheng Xi Dawn and Mr. Yim Kai Pung.

Advanced Card Systems Holdings Ltd. published this content on 04 September 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 04 September 2017 01:02:02 UTC.

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