Min Xin : APPOINTMENT OF INDEPENDENT FINANCIAL ADVISER

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.

This announcement is made for information purpose only and does not constitute an invitation or offer to acquire, purchase, or subscribe for any securities of the Company.

閩信集團有限公司

(Incorporated in Hong Kong with limited liability)

(Stock Code: 222)

Reference is made to the announcement of Min Xin Holdings Limited (the "Company") dated 17 March 2017 in relation to, among other things, the proposed Rights Issue (the "Announcement"). Capitalised terms used in this announcement shall have the same meanings as those defined in the Announcement unless otherwise stated.

The Board is pleased to announce that Goldin Financial Limited has been appointed as the independent financial adviser (the "Independent Financial Adviser") to advise the Independent Board Committee and the Independent Shareholders in respect of the terms of the proposed Rights Issue, the Underwriting Agreement and the Whitewash Waiver.

Goldin Financial Limited is a corporation licensed to carry out Type 6 (advising on corporate finance) regulated activities under the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

The appointment of the Independent Financial Adviser has been approved by the Independent Board Committee. The letter of advice from the Independent Financial Adviser in respect of the proposed Rights Issue, the Underwriting Agreement and the Whitewash Waiver will be included in the Circular to be despatched to the Shareholders in due course.

By Order of the Board

Executive Director and General Manager

Hong Kong, 24 March 2017

As at the date of this announcement, the Executive Directors of the Company are Messrs PENG Jin Guang (Chairman), WANG Fei (Vice Chairman) and LIU Cheng; the Non- executive Directors are Messrs LIU Lun and HON Hau Chit; the Independent Non-executive Directors are Messrs IP Kai Ming, SZE Robert Tsai To and SO Hop Shing.

The Directors jointly and severally accept full responsibility for accuracy of the information contained in this announcement and confirm, having made all reasonable enquiries, that to the best of their knowledge, opinions expressed in this announcement have been arrived at after due and careful consideration and there are no other facts not contained in this announcement, the omission of which would make any statement in this announcement misleading.