China Shun Ke Long : APPOINTMENTS OF INDEPENDENT NON-EXECUTIVE DIRECTORS; APPOINTMENT OF CHIEF FINANCIAL OFFICER; CHANGE IN COMPOSITION OF BOARD COMMITTEES; AND COMPLIANCE WITH THE LISTING RULES

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

CHINA SHUN KE LONG HOLDINGS LIMITED

中國順客隆控股有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 974)

APPOINTMENTS OF INDEPENDENT NON-EXECUTIVE DIRECTORS;

APPOINTMENT OF CHIEF FINANCIAL OFFICER;

CHANGE IN COMPOSITION OF BOARD COMMITTEES; AND

COMPLIANCE WITH THE LISTING RULES

The Board announces that, with effect from 5 August 2020:

1. Mr. Zou Pingxue has been appointed as an independent non-executive Director and a member of each of the Audit Committee, the Remuneration Committee and the Nomination Committee;
2. Mr. Wang Yilin has been appointed as an independent non-executive Director and a member of the Audit Committee, the chairman of the Remuneration Committee and a member of the Nomination Committee; and
3. Ms. Wang Hui has been appointed as the chief financial officer of the Company.

The board (the "Board") of directors (the "Directors") of China Shun Ke Long Holdings Limited (the "Company") is pleased to announce that, with effect from 5 August 2020:

1. Mr. Zou Pingxue ("Mr. Zou") has been appointed as an independent non-executive Director;
2. Mr. Wang Yilin ("Mr. Wang") has been appointed as an independent non-executive Director; and
3. Ms. Wang Hui ("Ms. Wang") has been appointed as the chief financial officer of the Company.

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The biographical details of Mr. Zou, Mr. Wang and Ms. Wang are as follows:

Mr. Zou

Mr. Zou, aged 55, has been serving as the director and a member of academic committee of the Center for Basic Laws of Hong Kong and Macau Special Administrative Regions of Shenzhen University (深圳大學港澳基本法研究中心), and as a part-time doctoral supervisor of legal theory of the Graduate School of Chinese Academy of Social Sciences (中國社會科 學院研究生院), since 2016. Mr. Zou has also been serving as a part-time doctoral supervisor of Constitutional Law and Administrative Law of the Law School of Wuhan University (武漢 大學法學院) since 2011, and a professor of the Law School of Shenzhen University (深圳大 學法學院) since 2005.

Mr. Zou previously served as the deputy director and a member of the academic committee of the Center for Basic Laws of Hong Kong and Macau Special Administrative Regions of Shenzhen University (深圳大學港澳基本法研究中心) between 2009 and 2016. Between 2001 and 2014, Mr. Zou also held various positions at the Law School of Shenzhen University, including the positions of associate dean between 2009 and 2014, associate professor between 2002 and 2005, and office director and lecturer between 2001 and 2002. Prior to that, Mr. Zou served at the "Ruling City by Law" Office of the Standing Committee of the Shenzhen People's Congress* (深圳市人大常委會依法治市辦公室), as a principal staff member between 1996 and 2001, a senior staff member in 1996, and a staff member between 1995 and 1996.

Mr. Zou graduated from the Law School of Wuhan University (武漢大學法學院) in China, with a bachelor's degree in Law in 1987, a master's degree in Constitutional Law in 1990, and a PhD in Constitutional Law in 1995.

As at the date of this announcement, save as disclosed above, Mr. Zou does not have any other relationship with any Directors, senior management or substantial shareholders or controlling shareholders of the Company, and does not hold any other positions in the Company or any of its subsidiaries. Save as disclosed above, he has not held any directorship in any public company the securities of which are listed on any securities market in Hong Kong or overseas in the last three years. Mr. Zou has confirmed that he meets the independence criteria set out in Rule 3.13 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules").

Mr. Zou has entered into a service agreement with the Company as an independent non- executive Director for a term of three years commencing from 5 August 2020, subject to retirement by rotation and re-election in accordance with the articles of association of the Company and the Listing Rules. Such service agreement may be terminated by either party giving at least 30 days' notice in writing. Pursuant to the service agreement, Mr. Zou is entitled to an annual remuneration of HK$180,000 and discretionary bonus of such amount as determined at the discretion of the Board for serving as an independent non-executive Director. Mr. Zou's remuneration is determined by the Board with reference to Mr. Zou's

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qualifications and experience and the duties and responsibilities of an independent non- executive Director. Any discretionary bonus will be determined by the Board with reference to Mr. Zou's duties and responsibilities in the Company, the Company's performance as well as the prevailing market conditions.

As at the date of this announcement, Mr. Zou has no interest in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

Save as disclosed above, there is no other matter relating to the appointment of Mr. Zou that needs to be brought to the attention of the shareholders of the Company, nor is there any other information which is required to be disclosed pursuant to the requirements of Rule 13.51(2)(h) to 13.51(2)(v) of the Listing Rules.

Mr. Wang

Mr. Wang, aged 65, has been serving as the president of the Financial Development Promotion Association of Hainan Province* (海南省金融發展促進會), and the honorary president of the Real Estate Association of Hainan Province* (海南省房地產業協會), since 2018. Mr. Wang previously served as a member of the Standing Committee of the Sixth People's Political Consultative Conference of Hainan Province* (海南省第六屆政協常務委員會) between 2013 and 2018, and the general manager and the secretary of the Party Committee of the Bank of China Hainan branch (中國銀行海南省分行) between 2010 and 2018.

Mr. Wang graduated from the Xi'an Jiaotong University (西安交通大學) in China with a PhD in Economics in 2000.

As at the date of this announcement, save as disclosed above, Mr. Wang does not have any other relationship with any Directors, senior management or substantial shareholders or controlling shareholders of the Company, and does not hold any other positions in the Company or any of its subsidiaries. Save as disclosed above, he has not held any directorship in any public company the securities of which are listed on any securities market in Hong Kong or overseas in the last three years. Mr. Wang has confirmed that he meets the independence criteria set out in Rule 3.13 of the Listing Rules.

Mr. Wang has entered into a service agreement with the Company as an independent non- executive Director for a term of three years commencing from 5 August 2020, subject to retirement by rotation and re-election in accordance with the articles of association of the Company and the Listing Rules. Such service agreement may be terminated by either party giving at least 30 days' notice in writing. Pursuant to the service agreement, Mr. Wang is entitled to an annual remuneration of HK$180,000 and discretionary bonus of such amount as determined at the discretion of the Board for serving as an independent non-executive Director. Mr. Wang's remuneration is determined by the Board with reference to Mr. Wang's qualifications and experience and the duties and responsibilities of an independent non- executive Director. Any discretionary bonus will be determined by the Board with reference to Mr. Wang's duties and responsibilities in the Company, the Company's performance as well as the prevailing market conditions.

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As at the date of this announcement, Mr. Wang has no interest in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

Save as disclosed above, there is no other matter relating to the appointment of Mr. Wang that needs to be brought to the attention of the shareholders of the Company, nor is there any other information which is required to be disclosed pursuant to the requirements of Rule 13.51(2)(h) to 13.51(2)(v) of the Listing Rules.

Ms. Wang

Ms. Wang, aged 45, has been serving as the financial controller of CCOOP Group Co., Ltd (供銷大集集團股份有限公司) ("CCOOP Group"), a company listed on the Shenzhen Stock Exchange (stock code: 000564) and a controlling shareholder of the Company, since 2018. Ms. Wang previously served as the general manager of the finance planning department of CCOOP Group between 2016 and 2018, the financial controller of Hainan HNA Sales Ltd. (海 南海航航空銷售有限公司) between 2013 and 2016, the manager of the finance department of Yuekai Securities Co., Ltd.* (粵開證券股份有限公司) (formerly known as Lianxun Securities Co., Ltd. (聯訊證券股份有限公司)) between 2011 and 2013, an accountant of the accounting management centre of the finance planning department of HNA Group Co., Ltd.* (海航集團 有限公司) between 2006 and 2011, the finance manager of the finance department of Sanya LSG Catering Co., Ltd (三亞漢莎航空食品有限公司) between 2005 and 2006, the project manager of Hainan Efa Certified Public Accountants* (海南鄂發會計師事務所) between 2001 and 2004, and the financial manager of Sanya Branch of China Air Express Co., Ltd (民 航快遞三亞分公司) between 2000 and 2001.

Ms. Wang graduated from the Party School of the Guizhou Provincial Committee of the Communist Party of China with a bachelor's degree in economics and management in 1998. She has been a certified public accountant in China since 2003.

CHANGE IN COMPOSITION OF BOARD COMMITTEES

The Board also announces the following changes in the composition of the committees under the Board with effect from 5 August 2020:

1. Mr. Zou has been appointed as a member of each of the audit committee of the Company (the "Audit Committee"), the remuneration committee of the Company (the "Remuneration Committee") and the nomination committee of the Company (the "Nomination Committee"); and
2. Mr. Wang has been appointed as a member of the Audit Committee, the chairman of the Remuneration Committee and a member of the Nomination Committee.

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COMPLIANCE WITH THE LISTING RULES

Following the appointments of Mr. Zou and Mr. Wang, the Company has fully complied with the requirements under Rules 3.10(1), 3.10(A), 3.21 and 3.25 of the Listing Rules and code provision A.5.1 of the Corporate Governance Code as set out in Appendix 14 of the Listing Rules.

The Board would like to take this opportunity to welcome Mr. Zou, Mr. Wang and Ms. Wang on joining the Company.

By order of the Board

China Shun Ke Long Holdings Limited

Qiu Minghao

Company Secretary

Hong Kong, 5 August 2020

As at the date of this announcement, the executive Directors are Mr. Du Xiaoping and Mr. Han Wei; the non-executive Director is Mr. Wang Fu Lin; and the independent non-executive Directors are Mr. Cheng Hok Kai Frederick, Mr. Zou Pingxue and Mr. Wang Yilin.

• For identification purpose only.

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