TA Yang : APPOINTMENT OF DIRECTORS AND APPOINTMENT OF MEMBERS OF BOARD COMMITTEES

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大洋集團控股有限公司

(Incorporated in the Cayman Islands with limited liability)

The Board is pleased to announce that with effect from 19 December 2016, Ms. Wang Yayuan and Ms. Lian Yi have been appointed as a non-executive Director and an independent non-executive Director, respectively.

The Board is also pleased to announce that with effect from 19 December 2016, Ms. Lian has been appointed as a member of each of Audit Committee, Remuneration Committee and Nomination Committee.

The board (the "Board") of directors (each, a "Director") of Ta Yang Group Holdings Limited (the "Company", together with its subsidiaries, the "Group") is pleased to announce that with effect from 19 December 2016, Ms. Wang Yayuan ("Ms. Wang") has been appointed as a non-executive Director and Ms. Lian Yi ("Ms. Lian") has been appointed as an independent non-executive Director .

The biographical details of Ms. Wang and Ms. Lian are set forth below :

Ms. Wang Yayuan (王雅媛), aged 31, holds a degree of Bachelor of Business Administration from the Chinese University of Hong Kong. She has been a Financial Risk Manager (FRM) since 2010. From 2009 to 2016, Ms. Wang worked as an Associate Director at Shenwan Hongyuan Securities (H.K.) Limited (0218.HK), providing securities and futures brokerage service. She has extensive management experience and investment experience in Hong Kong and U.S. stock markets. Since July 2016, she has been an Executive Director in the Leveraged and Acquisition Finance Department of Mason Securities Limited, a wholly-owned subsidiary of Mason Financial Holdings Limited (0273.HK), and mainly responsible for acquisition finance and cross border finance. In addition, Ms. Wang is a famous financial columnist with over 10 years' experience writing bylined articles for newspapers in mainland China, Hong Kong and Taiwan.

Ms. Lian Yi (連軼), aged 29, holds a degree of Master of Commerce in Finance from The University of New South Wales. Since July 2014, she has been the sole director of Violet Passion Holdings Limited, a private company incorporated in British Virgin Islands which engages in the business of private equity investments. She has years of experience in the financial and equity investments industry.

Each of Ms. Wang and Ms. Lian will enter into formal appointment letters with the Company after their appointments with a term of one year. Ms. Wang and Ms. Lian will only hold office until the next general meeting of the Company at which they will be eligible for re-election and their directorship will also be subject to retirement by rotation and re-election pursuant to the articles of association of the Company. Ms. Wang and Ms. Lian will not receive any Director's fee for their directorships.

Save as disclosed above, as at the date of this announcement, each of Ms. Wang and Ms. Lian (i) does not hold any other positions in the Company or its subsidiaries; (ii) does not have any other relationship with any other Directors, senior management, substantial shareholders or controlling shareholders of the Company; and (iii) has not held any directorships in listed public companies in the last three years.

None of Ms. Wang and Ms. Lian has any interest or short position (both within the meaning of Part XV of the Securities and Futures Ordinance (''SFO'') in the shares, underlying shares or debentures of the Company or any of its associated corporation (as defined under Part XV of the SFO) as at the date of this announcement).

Ms. Lian has also confirmed her independence for the purpose of Rule 3.13 of the Listing Rules.

Each of Ms. Wang and Ms. Lian confirmed that, save as disclosed above, there is no other information concerning the appointment which is required to be disclosed pursuant to any of the requirements of Rules 13.51(2)(h) to 13.51(2)(v) of the Listing Rules and there is no other matter that needs to be brought to the attention of the shareholders of the Company.

The Board is also pleased to announce that with effect from 19 December 2016, Ms. Lian has been appointed as a member of each of Audit Committee, Remuneration Committee and Nomination Committee.

The Company would like to take this opportunity to express its warm welcome to Ms. Wang and Ms. Lian to join the Board.

By Order of the Board

Chairlady and Chief Executive Officer

Hong Kong, 19 December 2016

As at the time of issue of this announcement, the Board comprises Ms. Shi Qi, Ms. Xu Chendi, Mr. Qiu Yonghao and Mr. Huang Te-Wei as executive Directors, Mr. Gao Feng and Mr. Han Lei as non-executive Directors and Ms. Zhang Lijuan, Mr. Yeung Chi Tat and Mr. Pak Wai Keung, Martin as independent non-executive Directors.