Powerlong Real Estate : CHANGES IN (1) COMPANY SECRETARY; (2) AUTHORISED REPRESENTATIVE UNDER THE LISTING RULES; (3) PROCESS AGENT; AND (4) AUTHORIZED REPRESENTATIVE UNDER THE COMPANIES ORDINANCE

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POWERLONG REAL ESTATE HOLDINGS LIMITED

寶 龍 地 產 控 股 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1238)

CHANGES IN

1. 1. COMPANY SECRETARY;
2. AUTHORISED REPRESENTATIVE UNDER THE LISTING RULES;
3. 1. 1. PROCESS AGENT; AND
   2. AUTHORIZED REPRESENTATIVE UNDER THE COMPANIES ORDINANCE

The board (the "Board") of directors (the "Directors") of Powerlong Real Estate Holdings Limited (the "Company") announces that Ms. Xiao Ying Lin ("Ms. Xiao") has tendered her resignation as the company secretary of the Company (the "Company Secretary"), the authorised representative of the Company (the "Authorised Representative under the Listing Rules") under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange Hong Kong Limited (the "Listing Rules"), the person authorised to accept service of process and notices on the Company's behalf in Hong Kong as required under Rule 19.05(2) of the Listing Rules (the "Process Agent") and the authorized representative of the Company under Part 16 of the Companies Ordinance, Chapter 622 of the Laws of Hong Kong (the "Authorized Representative under the Companies Ordinance"), in each case, with effect from 31 August 2020.

Ms. Xiao has confirmed that she has no disagreement with the Board and there is no matter relating to her resignation of the above positions that needs to be brought to the attention of the shareholders of the Company.

The Board is pleased to announce that following Ms. Xiao's resignation as mentioned above, Ms. Chan Pung Fei ("Ms. Chan") will be appointed as the Company Secretary, the Authorised Representative under the Listing Rules, the Process Agent and the Authorized Representative under the Companies Ordinance, in each case, with effect from 31 August 2020.

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Ms. Chan holds a Bachelor of Business Administration in Accountancy from The Hong Kong Polytechnic University. She is currently an associate member of The Hong Kong Institute of Chartered Secretaries and an associate member of The Chartered Governance Institute. She is also a full member of The Society of Trust and Estate Practitioners (TEP) and a professional member of International Compliance Association. Ms. Chan has extensive working experience in the company secretarial profession. She is currently the joint company secretary of various listed companies in Hong Kong.

The Board would like to express its gratitude to Ms. Xiao for her valuable contributions to the Company during her tenure of office and welcome Ms. Chan on her appointment.

By Order of the Board

Powerlong Real Estate Holdings Limited

Hoi Kin Hong

Chairman

Hong Kong, 28 August 2020

As at the date of this announcement, the executive Directors are Mr. Hoi Kin Hong, Mr. Hoi Wa Fong, Mr. Xiao Qing Ping, Ms. Shih Sze Ni Cecilia and Mr. Zhang Hong Feng; the non- executive Director is Ms. Hoi Wa Fan; and the independent non-executive Directors are Dr. Ngai Wai Fung, Dr. Mei Jian Ping and Dr. Ding Zu Yu.

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