Ta Yang : RESIGNATION OF NON-EXECUTIVE DIRECTOR AND CHANGE IN COMPOSITION OF BOARD COMMITTEE

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TA YANG GROUP HOLDINGS LIMITED

大洋集團 控 股有 限公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1991)

RESIGNATION OF NON-EXECUTIVE DIRECTOR

AND

CHANGE IN COMPOSITION OF BOARD COMMITTEE

The board (the "Board") of directors (the "Directors") of Ta Yang Group Holdings Limited (the "Company") hereby announces that:

RESIGNATION OF NON-EXECUTIVE DIRECTOR

Mr. Sze Wai Lun ("Mr. Sze") has tendered his resignation as a non-executive Director of the Company, with effect from 30 July 2020 (the "Resignation") in order to devote more attention and dedication to his personal and other business commitments.

Mr. Sze has confirmed to the Company that he has no disagreement with the Board and there are no other matters that need to be brought to the attention of The Stock Exchange of Hong Kong Limited and the shareholders of the Company in respect of the Resignation.

The Board would like to express its sincere gratitude to Mr. Sze for his valuable contribution to the Company during his tenure of office.

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CHANGE IN COMPOSITION OF BOARD COMMITTEE

With effect from 30 July 2020, Mr. Hu Jiangbing, an independent non-executive director of the Company, has been appointed as a member of each of the Nomination Committee and Audit Committee of the Company.

By order of the Board

Ta Yang Group Holdings Limited

Shi Qi

Chairlady and Chief Executive Officer

Chengdu, 30 July 2020

As at the date hereof, the Board of the Company has four executive Directors, namely Ms. Shi Qi, Mr. Yin Zhiqiang, Mr. Gao Feng and Mr. Cheng Hong, one non-executive Director, namely Mr. Han Lei, and independent non-executive Directors, namely Ms. Zhang Lijuan, Mr. Lin Bing, Mr. Liu Gang, Mr. Hu Jiangbing and Ms. Wang Lina.

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