Long Well International : (i) RESIGNATION OF EXECUTIVE DIRECTORS AND VICE CHAIRMAN; AND (ii) CHANGE IN THE 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.

LONG WELL INTERNATIONAL HOLDINGS LIMITED

久 康 國 際 控 股 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 850)

1. 1. RESIGNATION OF EXECUTIVE DIRECTORS AND VICE CHAIRMAN; AND
2. CHANGE IN THE COMPOSITION OF BOARD COMMITTEES

RESIGNATION OF EXECUTIVE DIRECTORS, VICE CHAIRMAN AND AUTHORISED REPRESENTATIVE

The board (the "Board") of directors (the "Directors") of Long Well International Holdings Limited (the "Company", together with its subsidiaries, the "Group") wishes to announce that with effect from 27 April 2021, Mr. Wong Kwok Leung ("Mr. Wong") had tendered his resignation as an executive director of the Company and the vice chairman of the Board due to his health reasons.

The Board also announces that Mr. Lee Siu Fung ("Mr. Lee") has tendered their resignation as executive director of the Company with effect from 1 May 2021. Mr. Lee advised that he wishes to dedicate more time and attention to his own businesses.

Each of Mr. Wong and Mr. Lee has confirmed that he does not have any disagreement with the Board and there are no matters relating to his resignation which need to be brought to the attention of the shareholders of the Company or the Stock Exchange of Hong Kong Limited (the "Stock Exchange").

The Board would like to take this opportunity to express its sincere gratitude and appreciation to Mr. Wong and Mr. Lee for their valuable contributions to the Company during their tenure of office.

CHANGE IN THE COMPOSITION OF BOARD COMMITT

The Board announces that with effect from 27 April 2021, Mr. Wong ceased to a member of the corporate governance committee of the Company.

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CONTINUED SUSPENSION OF TRADING

At the request of the Company, trading in the shares of the Company on the Stock Exchange was suspended from 9:00 a.m. on 3 July 2018 and will remain suspended until further notice.

Further announcement(s) will be made by the Company to inform the Shareholders and potential investors of any material development relating to the captioned matters as and when appropriate.

By Order of the Board

Long Well International Holdings Limited

Zhang Jiajun

Executive Director

Hong Kong, 30 April 2021

As at the date of this announcement, the Board comprises (i) executive Directors, namely Mr. Huang Guobiao, Professor Kwong Ser Yuen Albert and Mr. Zhang Jiajun; (ii) non- executive Director, namely Mr. Wu Hao; and (iii) independent non-executive Directors, namely Mr. Cheung Kwan Hung and Mr. Lam Tze Chung Felix.

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