Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

CHTC FONG'S INDUSTRIES COMPANY LIMITED

恒 天 立 信 工 業 有 限 公 司

(Incorporated in Bermuda with limited liability)

(Stock Code: 641)

(1) RETIREMENT OF CHAIRMAN (2) CHANGE OF AUTHORISED REPRESENTATIVE AND (3) CHANGE OF COMPOSITION OF THE NOMINATION COMMITTEE AND REMUNERATION COMMITTEE

The Board announces that Ms. He Fengxian has resigned as an Executive Director of the Company with effect from 28 February 2014 because of reaching the retirement age. Ms. He also ceased to be the Chairman of the Board, a member and the chairman of the Nomination Committee, a member of the Remuneration Committee and the Authorised Representative of the Company for the purposes of the Listing Rules and Part XI of the Companies Ordinance (Chapter 32 of the Laws of Hong Kong).
The Board is pleased to further announce that Mr. Shi Tinghong, an Executive Director of the Company, has been appointed the Chairman of the Board, a member and the chairman of the Nomination Committee, a member of the Remuneration Committee and the Authorised Representative of the Company for the purposes of the Listing Rules and Part XI of the Companies Ordinance (Chapter 32 of the Law of Hong Kong) in place of Ms. He with effect from 28 February 2014.

RETIREMENT OF CHAIRMAN

The board of directors (the "Board") of CHTC Fong's Industries Company Limited (the "Company", together with its subsidiaries, the "Group") announces that Ms. He Fengxian ("Ms. He") has resigned as an Executive Director of the Company with effect from 28 February 2014 because of reaching the retirement age. Ms. He also ceased to be the Chairman of the Board, a member and the chairman of the Nomination Committee, a member of the Remuneration Committee and the Authorised Representative of the Company for the purposes of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and Part XI of the Companies Ordinance (Chapter 32 of the Laws of Hong Kong).
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Ms. He has confirmed that she has no disagreement with the Board and there is no matter relating to her resignation which needs to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited.
Ms. He, aged 60, joined the Group and was appointed as an Executive Director and the Chairman of the Board of the Company in June 2011 primarily responsible for the overall directions, corporate strategies and policies of the Group. The Board would like to express its sincere gratitude to Ms. He for her valuable contributions to the Group during her tenure of office.

A P P O I N T M E N T O F N E W C H A I R M A N A N D A U T HO R I S E D REPRESENTATIVE AND CHANGE OF COMPOSITION OF THE NOMINATION COMMITTEE AND REMUNERATION COMMITTEE OF THE COMPANY

The Board is pleased to further announce that Mr. Shi Tinghong ("Mr. Shi"), an Executive Director of the Company, has been appointed the Chairman of the Board, a member and the chairman of the Nomination Committee, a member of the Remuneration Committee and the Authorised Representative of the Company for the purposes of the Listing Rules and Part XI of the Companies Ordinance (Chapter 32 of the Law of Hong Kong) in place of Ms. He with effect from 28 February 2014.
Mr. Shi will enter into a service contract with the Group. Mr. Shi is not appointed for any specific term and he shall hold office until the next annual general meeting of the Company and thereafter shall be subject to retirement by rotation and re-election at the annual general meeting of the Company in accordance with the Bye-Laws of the Company. The remuneration of Mr. Shi will be determined by the Remuneration Committee of the Company with reference to his duties and responsibilities and the prevailing market conditions.
The Board welcomes Mr. Shi on his new appointment.
On behalf of the Board

CHTC Fong's Industries Company Limited C.K. Lee

Company Secretary

Hong Kong, 28 February 2014

As at the date of this announcement, our Chairman and Executive Director is Mr. Shi Tinghong; our Vice-Chairman and Non-executive Director is Mr. Ye Maoxin; our other Executive Directors are Mr. Ji Xin (Chief Executive Officer), Mr. Wan Wai Yung and Mr. Fong Kwok Leung, Kevin; and our Independent Non-executive Directors are Mr. Zhou Yucheng, Mr. Ying Wei, Dr. Yuen Ming Fai and Dr. Keung Wing Ching.

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