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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)

RETIREMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR AND

BOARD COMMITTEES MEMBER,

AND

APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR AND

BOARD COMMITTEES MEMBER

The board of directors of Min Xin Holdings Limited announces:

1. the retirement of Mr. SO Hop Shing as an Independent Non-executive Director and a

Member of the Audit Committee, the Nomination Committee and the Remuneration Committee of the Company with effect from 13 June 2018; and

2.

the appointment of Mr. LEUNG Chong Shun as an Independent Non-executive Director and a Member of the Audit Committee, the Nomination Committee and the Remuneration Committee of the Company with effect from 3 May 2018.

Retirement of Independent Non-executive Director and Board Committees Member

The board of directors (the "Board") of Min Xin Holdings Limited (the "Company") announces the retirement of Mr. SO Hop Shing ("Mr. So") as an Independent Non-executive Director and a Member of the Audit Committee, the Nomination Committee and the Remuneration Committee of the Company.

Mr. So is subject to retirement by rotation at the coming 2018 Annual General Meeting ("AGM") of the Company to be held on 13 June 2018. Mr. So has informed the Company that he will not be seeking re-election at the 2018 AGM and will therefore retire at the conclusion of the 2018 AGM.

Mr. So has been an Independent Non-executive Director of the Company since 1998. After having served on the Board for over 19 years, Mr. So has decided to retire as a Director of the Company in June 2018 as he would like to devote more time to his personal and other business commitments.

Mr. So has confirmed that he has no disagreement with the Board and that he is not aware of any matter in relation to his retirement that needs to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited (the "Stock Exchange").

The Board would like to take this opportunity to express its sincere gratitude to Mr. So for his wise counsel and valuable contributions to the Company during his tenure of office.

Appointment of Independent Non-executive Director and Board Committees Member

The Board of the Company further announces the appointment of Mr. LEUNG Chong Shun ("Mr. Leung") as an Independent Non-executive Director and a Member of the Audit Committee, the Nomination Committee and the Remuneration Committee of the Company with effect from 3 May 2018.

Mr. Leung, aged 52, is currently a partner of Woo Kwan Lee & Lo. He has been a practicing solicitor in Hong Kong since 1991. Mr. Leung graduated from the University of Hong Kong in 1988 and obtained a bachelor's degree in laws with honors. He is qualified as a solicitor in Hong Kong and England and an Attesting Officer appointed by the PRC.

Mr. Leung was the Chief Representative of Woo Kwan Lee & Lo Beijing Office. He was an Independent Non-executive Director of China Communications Construction Company Limited (Stock Code: 1800) from January 2011 to November 2017 and China National Materials Company Limited (Stock Code: 1893) from July 2007 to May 2018, respectively. Mr. Leung is currently an Independent Non-executive Director of SSY Group Limited (formerly known as Lijun International Pharmaceutical (Holding) Co., Ltd.)(Stock Code: 2005), China Coal Energy Company Limited (Stock Code: 1898) and China Medical System Holdings Limited (Stock Code: 867). All the companies mentioned above are listed on the main board of the Stock Exchange.

Mr. Leung has accumulated extensive experiences in corporate finance, mergers and acquisitions and commercial law and has been involved in various listing and acquisition transactions of Chinese H Share companies and red chip companies.

Save as disclosed above, Mr. Leung has not held any other position with the Company or any of its subsidiaries and has not held other directorships in any other public companies the securities of which are listed on any securities market in Hong Kong or overseas in the last three years.

Save as disclosed above, Mr. Leung does not have any relationship with any Directors, senior management, substantial or controlling shareholders of the Company.

As at the date of this announcement, Mr. Leung does not have any interests in the shares of the Company within the meaning of Part XV of the Securities and Future Ordinance (Chapter 571 of the Laws of Hong Kong).

There is no service contract entered into between the Company and Mr. Leung. Mr. Leung 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 director's remuneration of HK$250,000 per annum for acting as an Independent Non-executive Director and a member of the Audit Committee, the Nomination Committee and the Remuneration Committee of the Company, 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 responsibility.

Save as disclosed above, the Board is not aware of any other matters relating to the appointment of Mr. Leung that are needed 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) of the Rules Governing the Listing of Securities on The Stock Exchange.

The Board would like to take this opportunity to extend its warmest welcome to Mr. Leung for joining the Board.

By order of the Board

MIN XIN HOLDINGS LIMITED

LIU Cheng

Executive Director and General Manager

Hong Kong, 3 May 2018

As at the date of this announcement, the executive directors of the Company are Messrs YAN Zheng (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, SO Hop Shing, CHEUNG Man Hoi and LEUNG Chong Shun.

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Min Xin Holdings Limited published this content on 03 May 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 03 May 2018 12:09:15 UTC