Tenfu Cayman : APPOINTMENT AND RESIGNATION OF NON-EXECUTIVE DIRECTORS

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天福（開曼）控股有限公司

(Incorporated in the Cayman Islands with limited liability)

The Board is pleased to announce the appointment of Ms. Chang Le as a non-executive director of the Company with effect from 15 August 2017.

The Board announces that Mr. Wei Ke has resigned as a non-executive director of the Company with effect from 15 August 2017.

This announcement is made pursuant to Rule 13.51(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules").

The board of directors (the "Board") of Tenfu (Cayman) Holdings Company Limited (the "Company") is pleased to announce that Ms. Chang Le ("Ms. Chang") has been appointed as a non-executive director of the Company with effect from 15 August 2017.

Ms. Chang, aged 34, is a principal at the General Atlantic private equity firm. She is based in Hong Kong and focuses on General Atlantic's investment in the retail and consumer and healthcare sectors in Greater China. Prior to joining General Atlantic, Ms. Chang served as a business analyst in the corporate finance group of McKinsey & Company. Ms. Chang earned her bachelor's degree in business administration from The Chinese University of Hong Kong in December 2005.

Ms. Chang has entered into a service contract with the Company for a term of three years subject to retirement by rotation and re-election at the general meeting of the Company in accordance with the articles of association of the Company. Ms. Chang will not receive any director's fee. Save for her appointment as a non-executive director of the Company, Ms. Chang does not hold any other positions with the Company or its subsidiaries as at the date of this announcement; nor did she hold any directorships in other listed companies in the last three years.

Ms. Chang is not connected with any directors, senior management, substantial shareholder or controlling shareholder (as defined in the Listing Rules) of the Company. As at the date of this announcement, Ms. Chang does not have any interests in the shares of the Company which is required to be disclosed under Part XV of the Securities and Futures Ordinance.

Save as disclosed herein, there is no information to be disclosed pursuant to the requirements of Rule 13.51(2)(h) to (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 "Shareholders") in relation to the appointment of Ms. Chang as a non-executive director of the Company.

The Board would like to take this opportunity to welcome Ms. Chang for joining the Company.

Mr. Wei Ke has resigned as a non-executive director of the Company with effect from 15 August 2017, due to his personal development. Mr. Wei Ke has confirmed that there is no disagreement with the Board in any respect and there are no matters which need to be brought to the attention of the Shareholders or The Stock Exchange of Hong Kong Limited in relation to his resignation as a non-executive director of the Company.

By order of the Board

Director

Hong Kong, 15 August 2017

As at the date of this announcement, the Board comprises nine members, of which Mr. Lee Rie-Ho, Mr. Lee Shih-Wei, Mr. Lee Chia Ling and Mr. Lee Kuo-Lin are the executive Directors; Mr. Tseng Ming-Sung and Ms. Chang Le are the non-executive Directors; and Mr. Lo Wah Wai, Mr. Lee Kwan Hung and Mr. Fan Ren Da, Anthony are the independent non-executive Directors.