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MIN XIN HOLDINGS LIMITED

閩 信 集 團 有 限 公 司

(Incorporated in Hong Kong with limited liability)

(Stock Code: 222) RESIGNATION OF THE GENERAL MANAGER AND MEMBER OF THE REMUNERATION COMMITTEE AND APPOINTMENT OF THE GENERAL MANAGER, A MEMBER OF THE EXECUTIVE COMMITTEE AND THE REMUNERATION COMMITTEE

The board of directors (the "Board") of Min Xin Holdings Limited (the "Company") announces the following changes in the General Manager and members of the Board Committee with effect from 27 September 2014:
1. Mr Li Jin Hua has resigned as the General Manager and a member of the Remuneration Committee of the Company due to other work commitments in Mainland China.
2. Mr Liu Cheng has been appointed as the General Manager, a member of the
Executive Committee and the Remuneration Committee of the Company.

RESIGNATION OF THE GENERAL MANAGER AND MEMBER OF THE REMUNERATION COMMITTEE

Mr Li Jin Hua has resigned as the General Manager and a member of the Remuneration Committee of the Company due to other work commitments in Mainland China with effect from 27 September 2014.
Mr Li 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.

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APPOINTMENT OF THE GENERAL MANAGER, MEMBER OF THE EXECUTIVE COMMITTEE AND THE REMUNERATION COMMITTEE

Mr Liu Cheng has been appointed as the General Manager, a member of the Executive
Committee and the Remuneration Committee of the Company with effect from 27
September 2014.
Mr Liu, aged 53, has been appointed as a Non-executive Director of the Company since June 2013, and has been re-designated as an Executive Director of the Company following his appointment as the Executive Deputy General Manager of the Company on 26 August 2014. Mr Liu is a Senior Economist in Mainland China. He has extensive experience in investment management, corporate management and logistics management. He has previously assumed the positions of Assistant General Manager and Deputy General Manager of Fujian Zhong Min International Trade Development Company, General Manager of Fujian Zhi He Trading Co., Ltd., Director of the preparatory group for Fujian Zhong Min Natural Gas Vehicle Filling Station, Leader of the preparatory group for the urban natural gas project, General Manager of CNOOC Fujian Gas Co., Ltd., General Manager of the Gas Investment and Management Division and General Manager of the Energy Investment and Management Division of Fujian Investment & Development Group Co., Ltd..
Mr Liu is currently the Chairman of Min Xin Insurance Company Limited and Fujian Minxin Investments Co., Ltd.. He is also a director of certain other subsidiaries of the Company, which include Dorfine Development Limited, Min Xin (China) Investment Limited, Min Xin (Nominee) Limited, Min Xin Properties Limited, Take Chance Company Limited and Thousand Limited. 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.
Mr Liu is currently a director of Vigour Fine Company Limited and Samba Limited, both of which are substantial shareholders of the Company. 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 Futures 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 and a basic salary of HK$975,000 and discretionary bonus for acting as the General Manager of the Company respectively, such amount being determined from time to time by the Board with reference to the prevailing market conditions, the situation of the Company and his job responsibilities. For the year ended 31 December 2013, the director's fees 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 appointment 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, 27 September 2014

As at the date of this announcement, the Executive Directors of the Company are Messrs Weng Ruo Tong (Chairman), Wang Fei (Vice Chairman), Liu Cheng, Li Jin Hua 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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