The board of directors of Trinity Limited announced the following changes in the Board composition and the members of Board Committees with effect from May 18, 2018: Dr. Victor FUNG Kwok King, a Non-executive Director, will relinquish his position as the Board Chairman and Mr. QIU Yafu, a Non-executive Director, will be appointed to succeed Dr. Fung as Board Chairman. Dr. Fung continues to be a Non-executive Director. Mr. Jeremy Paul Egerton HOBBINS will resign as Executive Director and Chief Executive Officer of the Group due to his personal commitment.

Ms. SUN Weiying will be re-designated from Non-executive Director to Executive Director and appointed as the Chief Executive Officer of the Group in place of Mr. Hobbins. Ms. SU Xiao will be appointed as Executive Director; and Mr. Minoru KITABATAKE will resign as Non-executive Director due to business commitment. Dr. Victor FUNG Kwok King will cease to be a member of Remuneration Committee and Ms. SUN Weiying, following the re-designation, will cease to be a member of Nomination Committee.

Mr. QIU Yafu, a Non-executive Director, will be appointed as a member of each of the Remuneration Committee and the Nomination Committee. Following the resignation of Mr. Minoru KITABATAKE as Non-executive Director, he will cease to be a member of the Audit Committee. Mr. Kelvin HO Cheuk Yin, an Executive Director, will be appointed as the Chief Strategy Officer of the Group responsible for the Group's corporate development strategies, investments and acquisitions; and Mr. Srinivasan PARTHASARATHY will resign as the Chief Financial Officer of the Group.

Ms. SUN Weiying a Non-executive Director appointed on 18 April 2018, will be re- designated as an Executive Director and appointed as the Chief Executive Officer of the Group with effect from 18 May 2018 following the resignation of Mr. Hobbins. She is responsible for the overall business and operations of the Group. Ms. Sun is the chief executive officer of Shandong Ruyi International Fashion Industry Investment Holding Company Limited, the controlling shareholder of the Company.

Ms. Sun has over 20 years of experience in the textile and apparel industry. Ms. Sun joined the Ruyi group in July 1993 and was promoted to her present position at Ruyi group in January 2017. Ms. Sun is currently also a director of each of Renown Incorporated which is listed on Tokyo Stock Exchange, and SMCP S.A. which is listed on Euronext Paris.

Ms. SU Xiao will be appointed as Executive Director with effect from 18 May 2018. She is responsible for overseeing the Group's financial management, investments and acquisitions. Ms. Su is president of Shandong Ruyi International Fashion Industry Investment Holding Company Limited, the controlling shareholder of the Company.

Since joining Shandong Ruyi Woolen Garment Group Co. Ltd. in 1999, Ms. Su has held various positions within Ruyi group, including deputy director and chief accountant of Accounting Department, and director of Investment and Development Department. She was the secretary of the board and executive president of Shandong Ruyi Technology Group Co.

Ltd. before she was promoted to current position at Ruyi group in January 2017. Ms. Su is currently also a director of each of SMCP S.A. which is listed on Euronext Paris, and Shandong Ruyi Woolen Garment Group Co. Ltd. which is listed on Shenzhen Stock Exchange.

She holds directorship in various subsidiaries of the Group.