Scud : CHANGE OF AUTHORISED REPRESENTATIVE

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SCUD GROUP LIMITED 飛毛腿集團有限公司*

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 01399)

CHANGE OF AUTHORISED REPRESENTATIVE

The board (the "Board") of directors (the "Directors") of SCUD Group Limited (the "Company") announces that Mr. Fang Jin has ceased to be one of the authorised representatives of the Company under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and one of the authorised representatives of the Company for accepting service of process or notice in Hong Kong under Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) (collectively, the "Authorised Representative") with effect from 27 September 2018.

The Board further announces that Mr. Feng Ming Zhu, an executive Director of the Company, has been appointed as the Authorised Representative in replacement of Mr. Fang Jin with effect from 27 September 2018.

By Order of the Board SCUD GROUP LIMITED Ho Chung Tai Raymond

Chairman

Hong Kong, 2 October 2018

As at the date of this announcement, the Board comprises Ms. Lian Xiu Qin and Mr. Feng Ming Zhu being the executive Directors, Dr. Ho Chung Tai Raymond and Mr. Hou Li being the non-executive Directors, and Mr. Heng Ja Wei Victor, Mr. Lam Yau Yiu and Dr. Wong Chi Wing being the independent non-executive Directors.

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