China Tangshang : APPOINTMENT OF INTERNAL CONTROL ADVISER

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CHINA TANGSHANG HOLDINGS LIMITED

中 國 唐 商 控 股 有 限 公 司

(Incorporated in Bermuda with limited liability)

(Stock Code: 674)

APPOINTMENT OF INTERNAL CONTROL ADVISER

Reference is made to the news release published by The Stock Exchange of Hong Kong Limited (the "Stock Exchange") on 14 April 2021 (the "News Release") in relation to, among other things, the censure of China Tangshang Holdings Limited (the "Company") for its breaches of Rules 13.13, 13.15, 14.34 and 14.40 of the Rules Governing the Listing of Securities on the Stock Exchange (the "Listing Rules").

APPOINTMENT OF INTERNAL CONTROL ADVISER

Pursuant to the directions of the Listing Committee of the Stock Exchange, the Company has to retain an independent professional adviser to conduct a thorough review of the Company's internal controls for procuring compliance with Chapters 13 and 14 of the Listing Rules.

The Company hereby announces that on 28 April 2021, the Company has appointed Zewada Risk Advisory Limited (the "Internal Control Adviser") as its independent professional adviser to conduct a thorough review of and make recommendations to improve the Company's internal controls and to ensure compliance with Chapters 13 and 14 of the Listing Rules.

The Company will submit the written report of the Internal Control Adviser containing its recommendations to the Listing Division of the Stock Exchange (the "Listing Division") within two months from the date of the News Release, and furnish the Listing Division with the Internal Control Adviser's written report on the Company's full implementation of the said recommendations within a further period of two months.

By Order of the Board

China Tangshang Holdings Limited

Chen Weiwu

Chairman

Hong Kong, 29 April 2021

As at the date of this announcement, the executive Directors are Mr. Chen Weiwu (Chairman) and Mr. Zhou Houjie; and the independent non-executive Directors are Mr. Chen Youchun, Ms. Lui Mei Ka and Mr. Zhou Xin.