Shenzhen Investment : Announcements and Notices - Resignation and Appointment of Non-executive Director

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(Incorporated in Hong Kong with limited liability)

The board of directors (the "Board") of Shenzhen Investment Limited (the "Company") announces that due to pursuing a new assignment, Mr. Huang Yige ("Mr. Huang") has resigned as non-executive director of the Company with effect from 18 January 2017. Mr. Huang 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. Liu Shichao has been appointed as non-executive director of the Company with effect from 18 January 2017.

Mr. Liu Shichao ("Mr. Liu"), aged 45. Mr. Liu graduated from Zhongnan University of Finance and Economics (now known as Zhongnan University of Economics and Law) majoring in accountancy. He holds a bachelor's degree in economics and the title of senior accountant. Mr. Liu is a director and the chief financial officer of Shum Yip Group Limited, and a director of Shum Yip Holdings Company Limited. Mr. Liu was the deputy head of statistics and assessment (budget finance) department and the deputy head of the second division of enterprise department of the State-owned Assets Supervision and Administration Commission of the Shenzhen Municipal People's Government from 2007 to August 2010. Mr. Liu was a director and the chief financial officer of Shenzhen Energy Group Co. Ltd. (000027.SZ) from September 2010 to December 2016. He is currently also a director of Kashi City Shenzhen Investment and

Development Co., Ltd. (喀什市深圳城投資發展有限公司), a director of Shenzhen United

Assets and Equity Exchange Co., Ltd. (深圳市聯合產權交易所股份有限公司) and a director of China Resources SZITIC Investment Co. Ltd. ( 華潤深國投投資有限公司). Mr. Liu has considerable working experience in financial management and financial auditing.

The Company has entered into an appointment letter with Mr. Liu for a term of 3 years commencing on 18 January 2017, 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 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. Liu is currently entitled to receive a remuneration of HK$330,000 per annum which is subject to annual review by the Board. In addition, Mr. Liu 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. Liu 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. Liu 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. Liu 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 Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

The Board takes this opportunity to thank Mr. Huang for his valuable contribution to the Company during his past services with the Company and welcome Mr. Liu to join the Board.

By Order of the Board

Chairman

Hong Kong, 18 January 2017

As at the date of this announcement, the Board comprises 9 directors, of which Dr. LU Hua, Mr. HUANG Wei, Mr. MOU Yong and Mr. LIU Chong are the executive directors of the Company, Dr. WU Jiesi and Mr. LIU Shichao 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.