Min Xin : Changes to Board Composition

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.

閩 信 集 團 有 限 公 司

(Incorporated in Hong Kong with limited liability)

The board of directors (the "Board") of Min Xin Holdings Limited (the "Company") announces the following changes to the Company's Board composition with effect from 26 August 2014:
1. Mr Peng Jin Guang has resigned as an Executive Director, Vice Chairman and ceased to be a member of the Executive Committee of the Company due to other work commitments in Mainland China.
2. Mr Wang Fei has been appointed as an Executive Director, Vice Chairman and a member of the Executive Committee of the Company in place of Mr Peng Jin Guang.
3. Mr Liu Cheng, a Non-executive Director of the Company, has been re-designated as an Executive Director of the Company.

Mr Peng Jin Guang has resigned as Executive Director, Vice Chairman and ceased to be a member of the Executive Committee of the Company due to other work commitments in Mainland China with effect from 26 August 2014. Mr Peng has confirmed that he has no disagreement with the Board and that he is not aware of any matter regarding his resignation that needs to be brought to the attention of the shareholders of the Company.
The Board would like to express its sincere gratitude to Mr Peng for his valuable contributions to the Company during his tenure of office.

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Set out below are the biographical details of Mr Wang Fei:

Mr Wang has extensive experience in corporate development and management, financial investment management as well as venture capital management. He has previously assumed the positions of Deputy Director of the Office of Fujian Provincial Communist Youth League, Chief of the Office of General Manager and Deputy General Manager of Investment Management Department of Fujian Investment and Enterprise Corporation, Deputy General Manager of Development and Research Department of Fujian International Trust and Investment Corporation, General Manager of Development Department, General Manager of Financial Investment Management Department of Fujian Investment & Enterprise Holdings Corporation, Assistant to General Manager of Fujian Investment & Development Group Co., Ltd., and Chairman of various venture capital companies. He is currently the Deputy General Manager of Fujian Investment & Development Group Co., Ltd. and a Director and the Chairman of Vigour Fine Company Limited, both of which are substantial shareholders of the Company.
Mr Wang has not held any position with the Company or any of its subsidiaries and has not held any directorship in other listed public company in the past three years.
Save as disclosed above, Mr Wang does not have any relationship with any directors, senior management or substantial or controlling shareholders of the Company.
As at the date of this announcement, Mr Wang does not have any interest in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance.
There is no service contract entered into between the Company and Mr Wang. Mr Wang has not been appointed for a specific term but will be subject to retirement by rotation and re-election at annual general meetings of the Company in accordance with the provisions of the Company's Articles of Association. He is entitled to a fixed remuneration of HK$60,000 per annum for acting as a director of the Company, such amount being determined from time to time by the Board with reference to the prevailing market conditions and the situation of the Company.
Save as disclosed above, the Board is not aware of any other matters relating to the appointment of Mr Wang that need to be brought to the attention of the shareholders of the Company nor any information to be disclosed pursuant to the requirements of Rule
13.51(2)(h) to 13.51(2)(v) of the Rules Governing the Listing of Securities on The
Stock Exchange of Hong Kong Limited.
The Board would like to take this opportunity to extend its warmest welcome to Mr
Wang in joining the Board.

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Set out below are the biographical details of Mr Liu Cheng who has been re-designated as an Executive Director of the Company:

Mr Liu is currently a director of Vigour Fine Company Limited, a substantial shareholder of the Company. Save as disclosed above, Mr Liu does not currently hold any other position with the Company or any of its subsidiaries, and has not held any directorship in other listed public company in the past three years.
Save as disclosed above, Mr Liu does not have any relationship with any directors, senior management or substantial or controlling shareholders of the Company.
As at the date of this announcement, Mr Liu does not have any interests in the shares of the Company within the meaning of Part XV of the Securities and Future Ordinance.
There is no service contract entered into between the Company and Mr Liu. Mr Liu has not been appointed for a specific term but will be subject to retirement by rotation and re-election at annual general meetings of the Company in accordance with the provisions of the Company's Articles of Association. He is entitled to a fixed remuneration of HK$60,000 per annum for acting as a director of the Company, such amount being determined from time to time by the Board with reference to the prevailing market conditions and the situation of the Company. For the year ended 31
December 2013, the aggregate director's remuneration of Mr Liu for acting as a director of the Company was HK$34,027.

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Save as disclosed above, the Board is not aware of any other matters relating to the re-designation of Mr Liu that need to be brought to the attention of the shareholders of the Company nor any information to be disclosed pursuant to the requirements of Rule
13.51(2)(h) to 13.51(2)(v) of the Rules Governing the Listing of Securities on The
Stock Exchange of Hong Kong Limited.
By Order of the Board Min Xin Holdings Limited Weng Ruo Tong
Chairman
Hong Kong, 26 August 2014

As at the date of this announcement, the Executive Directors of the Company are Messrs Weng Ruo Tong (Chairman), Wang Fei (Vice Chairman), Li Jin Hua, Liu Cheng and Zhang Rong Hui; the Independent Non-Executive Directors are Messrs Ip Kai

Ming, Sze Robert Tsai To and So Hop Shing.

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