Jia Meng : (I)RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR; (II) APPOINTMENT OF EXECUTIVE DIRECTOR; AND (III) CHANGE OF COMPOSITION OF BOARD COMMITTEES

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.

JIA MENG HOLDINGS LIMITED

家 夢 控 股 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 8101)

(I) RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR; (II)APPOINTMENT OF EXECUTIVE DIRECTOR;

AND

(III) CHANGE OF COMPOSITION OF BOARD COMMITTEES

The Board announces that with effect from 1 August 2017,

1. Mr. Qin Yuquan has been appointed as an executive director of the Company; and

2. Ms. Lai Mei Kwan has resigned as an independent non-executive director of the Company.

RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR

The board of directors (the''Board'') of Jia Meng Holdings Limited (the''Company'') announces that Ms. Lai Mei Kwan has resigned as an independent non-executive director, the chairman of the remuneration committee, a member of the audit committee and a member of the nomination committee of the Company with effect on 1 August 2017 due to her personal commitments on her other business.

Ms. Lai confirmed that she has no disagreement with the Board and that she is not aware of any matters that need to be brought to the attention of the shareholders of the Company in relation to her resignation.

The Board would like to take this opportunity to thank Ms. Lai for her support and invaluable contributions to the Company throughout her service on the Board and for her service as the chairman of the remuneration committee, a member of the audit committee and a member of the nomination committee of the Company.

APPOINTMENT OF CHAIRMAN OF REMUNERATION COMMITTEE

The Board hereby announces that Mr. Li Siu Yui (李少銳), an existing member of the remuneration committee of the Company, has been appointed as the chairman of the remuneration committee of the Company in place of Ms. Lai Mei Kwan with effect from 1 August 2017.

APPOINTMENT OF EXECUTIVE DIRECTOR

Also, the Board has appointed Mr. Qin Yuquan as an executive director of the Company with effect from 1 August 2017.

The particulars of Mr. Qin are as follows:

Mr. Qin Yuquan (秦煜泉), aged 35, is the founder and president of Guangzhou Geyu Home Appliance Limited* (廣州歌譽家居用品有限公司), a company established in the PRC whose principal business is the manufacture of custom-made furniture under the brand name of ''壹家壹品''. The said company

was acquired by the Company in August 2017. Previously, Mr. Qin was the general manager of Huge Fortune (Fo Gang) Wood Industries Limited* (日利(佛岡)木業有限公司) from 2008 to 2012, and was

the responsible officer of Jiangsu office of Shenzhen Hongji Investment and Development Limited* (深圳市宏基投資發展有限公司) from 2005 to 2007. He has over 10 years of experience in the

furniture manufacturing and distribution industry.

He has obtained a Bachelor degree in Wood Science and Engineering (木材科學與工程) from the South China Agricultural University.

Currently, Mr. Qin indirectly holds 50% of the issued shares in Legendary Idea Limited which is the holder of a redeemable convertible bond in the principal amount of HK$212,000,000 issued by the Company and convertible into the shares to be allotted and issued by the Company at the conversion price of HK$0.11 per share (subject to adjustment).

Mr. Qin has not entered into any service agreement with the Company. He was appointed on 1 August 2017 for a term of two years. Pursuant to Article 84 of the Company's Articles of Association, Mr. Qin shall retire at the next following general meeting and shall be eligible for reappointment. Mr. Qin will be entitled to a director's fee of RMB25,000 per month which represents the entirety of the monthly remuneration payable to him by the Company.

Mr. Qin did not have any directorships in other listed public companies in the last three years and does not have any relationships with any directors, senior management, substantial shareholders or controlling shareholders (as defined in the Rules Governing the Listing of Securities on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited (the''GEM Listing Rules'')).

As at the date of this announcement, save as disclosed above, Mr. Qin does not have any interest in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance.

Save for the information disclosed above, Mr. Qin has confirmed that there is no other information relating to his appointment that is required to be disclosed pursuant to any provisions under Rule 17.50(2)(h) to (v) of the GEM Listing Rules, nor is there any other matter that needs to be brought to the attention of the shareholders of the Company pursuant to Rule 17.50(2)(w) of the GEM Listing Rules.

By order of the Board of

Jia Meng Holdings Limited Wong Siu Ki

Executive Director

Hong Kong, 1 August 2017

As at the date of this announcement, the executive Directors are Mr. Hung Cho Sing, Mr. Yim Yin Nang, Mr. Wong Siu Ki, Mr. Matthew Chung, Mr. Wong Pak Kan Martin and Mr. Qin Yuquan; and the independent non-executive Directors are Mr. Tang Kin Chor, Mr. Chan Chun Wing and Mr. Li Siu Yui.

This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the GEM Listing Rules for the purpose of giving information with regard to the Company. The Directors having made all reasonable enquiries, confirm that to the best of their knowledge and belief the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading.

This announcement will remain on the GEM website at http://www.hkgem.com on the ''Latest Company Announcements''page for at least seven days from the date of its posting and the Company's website at http://www.jmbedding.com.

* for identification purpose only