Wuzhou International : CHANGES IN COMPOSITION OF BOARD COMMITTEE

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WUZHOU INTERNATIONAL HOLDINGS LIMITED

五 洲 國 際 控 股 有 限 公 司

(incorporated in the Cayman Islands with limited liability)

(Stock code: 1369)

CHANGES IN COMPOSITION OF BOARD COMMITTEE

Reference is made to the announcement (the "Announcement") of Wuzhou International Holdings Limited (the "Company", together with its subsidiaries, the "Group") dated 23 July 2020 in relation to the resignation of an executive director of the Company.

Following the resignation of Mr. Shu Cewan as an executive director of the Company, the chairman of the Board (the "Chairman"), the chief executive officer of the Company (the "CEO"), a member of the remuneration committee and the chairman of the nomination committee of the Company and ceased to be an authorized representative of the Company (the "Authorized Representative") under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") on 23 July 2020, the Company is pleased to announce that Mr. Shu Guoying be appointed as the chairman of the nomination committee of the Company with effect from 3 August 2020.

COMPLIANCE WITH THE REQUIREMENTS UNDER THE LISTING RULES

As disclosed in the Announcement, immediately after the resignation of Mr. Shu Cewan, the Company failed to satisfy the requirement of code provision A.5.1 of the Corporate Governance Code as set forth in Appendix 14 to Listing Rules (the "CG Code") that the nomination committee shall be chaired by the chairman of the Board or an independent non-executive director.

Following with the appointment of Mr. Shu Guoying as the chairman of the nomination committee of the Company, the Company is in compliance with code provision A.5.1 of the CG Code.

CONTINUED TRADING SUSPENSION OF THE SHARES OF THE COMPANY

Trading in the shares of the Company on the Stock Exchange was suspended with effect from 9:00 a.m. on 3 September 2018 and will remain suspended until further notice.

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Shareholders and potential investors of the Company are advised to exercise caution when dealing in the shares of the Company.

By Order of the Board

WUZHOU INTERNATIONAL HOLDINGS LIMITED

Shen Xiaowei

Executive Director

Hong Kong, 3 August 2020

As at the date of this announcement, the Board comprises four executive directors, being Mr. Shen Xiaowei (Chief Executive Officer), Mr. Zhu Yongqiu, Ms. Cai Qiaoling and Mr. Zhou Chen, and three independent non-executive directors, being Dr. Song Ming, Prof. Shu Guoying and Mr. Liu Chaodong.

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