SHUM YIP INVESTMENT LIMITED

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(Incorporated in Hong Kong with limited liability)

(Stock Code: 604) RESIGNATION AND APPOINTMENT OF EXECUTIVE DIRECTOR AND PRESIDENT AND CHANGE OF AUTHORIZED REPRESENTATIVE

The board of directors (the "Board") of Shenzhen Investment Limited (the "Company") announces that due to pursuing a new assignment, Mr. Gao Shengyuan ("Mr. Gao") has resigned as executive director and President of the Company with effect from 21 July 2015. Mr. Gao has also ceased to be an authorized representative ("Authorized Representative") of the Company under rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") effective upon his resignation as executive director and President of the Company. Mr. Gao has confirmed that he has no disagreement with the Board and there is no other matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company.
The Board is pleased to announce that Mr. Huang Wei has been appointed as executive director, President and the Authorized Representative of the Company with effect from 21 July
2015.
Mr. Huang Wei ("Mr. Huang"), aged 45. Mr. Huang was an on-the-job graduate at Guangdong Academy of Social Sciences, where he graduated with a major in law. He holds a master's degree in Business Administration from Guanghua School of Management, Peking University. Mr. Huang is currently a director, general manager and deputy party secretary of Shum Yip Group Limited. Prior to joining Shum Yip Group Limited, he served as the deputy secretary of the Party Working Committee, deputy director of the Management Committee and director of Social Work Committee of CPC Shenzhen Dapeng New District. He was a member of the Standing Committee, the director of district committee (government district) Office and a district government party member of Longgang District and the Longgang District Youth League secretary. Mr. Huang has extensive experience in management.
The Company has entered into an appointment letter with Mr. Huang for a term of 3 years commencing on 21 July 2015, subject to retirement and re-election provision in the articles of association of the Company pursuant to which he shall retire from office at the first general

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meeting of the Company following his appointment and shall then be eligible for re-election. Thereafter, he shall retire from office by rotation at the annual general meeting of the Company. Mr. Huang is currently entitled to receive a basic remuneration of HK$2,466,666 per annum which is subject to annual review by the Board. In addition, Mr. Huang is entitled to receive discretionary bonuses, share options or other benefits as may be decided by the Board having regard to his performance and duties, the Company's performance and profitability and the prevailing market condition.
Save as disclosed above, Mr. Huang did not hold any directorship in any listed public company in the last three years, nor does he hold any position with the Company or other members of the Company's group. Mr. Huang does not have any relationships with directors, senior management, substantial or controlling shareholders of the Company. As at the date of this announcement, he does not have any interests in shares or underlying shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance.
Save as disclosed above, Mr. Huang is not aware of any other matters relating to his appointment that need to be brought to the attention of the shareholders of the Company and any other information which is required to be disclosed pursuant to rule 13.51(2) of the Listing Rules.
The Board takes this opportunity to thank Mr. Gao for his valuable contribution to the Company during his past services with the Company and welcome Mr. Huang to join the Board.
By Order of the Board SHENZHEN INVESTMENT LIMITED LU Hua
Chairman
Hong Kong, 21 July 2015

As at the date of this announcement, the Board comprises 9 directors, of which Mr. LU Hua, Mr. HUANG Wei, Mr. MOU Yong and Mr. LIU Chong are the executive directors of the Company, Dr. WU Jiesi and Mr. HUANG Yige are the non-executive directors of the Company and Mr. WU Wai Chung, Michael, Mr. LI Wai Keung and Dr. WONG Yau Kar David are the independent non-executive directors of the Company.

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