Legend : Change of Secretary of the Board, Joint Company Secretary and Authorised Representative

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聯想控股股份有限公司

Legend Holdings Corporation

(A joint stock limited company incorporated in the People's Republic of China with limited liability)

(Stock Code: 03396)

Change of Secretary of the Board,

Joint Company Secretary

and Authorised Representative

Change of Secretary of the Board and Joint Company Secretary

The board of directors (the "Board") of Legend Holdings Corporation (the "Company") hereby announces that Mr. NING Min ("Mr. NING"), Chairman of the Board, has ceased to be the secretary of the Board and a joint company secretary of the Company due to work rearrangement and the appointment of Mr. WANG Wei ("Mr. WANG") as the secretary of the Board and a joint company secretary of the Company has been approved by the Board with effect from January 1, 2020.

The biographical details of Mr. WANG are as follows:

Mr. WANG Wei (王威先生), aged 38, joined Legend Holdings in October 2019. He currently acts as General Manager of the Securities Affairs Department, responsible for investor relations, legal compliance, and information disclosure. Previously, he worked in Ernst & Young, PricewaterhouseCoopers, Sinochem Group (中國中化集團有限公司), and Meihua Biotechnology Holdings Group Co., Ltd. (梅花生物科技集團股份有限公司) (listed on the Shanghai Stock Exchange) in succession from 2004 to 2019. He has presided over many milestone investments, mergers and acquisitions, and other capital market-related projects, and has maintained extensive knowledge and expertise in the abovementioned areas. Before joining Legend Holdings, he had acted as Chief Financial Officer in Meihua Biotechnology Holding Group Co., Ltd.. Mr. WANG obtained his bachelor's degree from Zhongnan University of Economics and Law (中南財經政法大學) in 2003 and master's degree of accounting and finance from University of Southampton in 2004. He was certified as board secretary by the Shanghai Stock Exchange in 2019.

Having considered Mr. WANG's background and experience, the Board is of the view that, although Mr. WANG is yet to possess the qualifications of a company secretary as required under Rule 3.28 of the Rules Governing the Listing of Securities (the "Listing Rules") on The Stock Exchange of Hong Kong Limited (the "Stock Exchange"), he is capable of discharging his functions as a joint company secretary of the Company. The Company applied to the Stock Exchange for a waiver from strict compliance with Rules 3.28 and 8.17 of the Listing Rules (the "Waiver"). On December 27, 2019, the Stock Exchange granted the Company the Waiver which

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commences on the date of Mr. WANG's appointment as a joint company secretary of the Company for a valid period of three years (the "Wavier Period"). The granting of the Waiver is conditional upon that Mr. WANG will be assisted by Ms. YEUNG Yee Har ("Ms. YEUNG", another joint company secretary of the Company) during the Wavier Period to enable him to acquire the relevant experience and discharge his functions as a joint company secretary. The Company should notify the Stock Exchange at the end of the Wavier Period for the Stock Exchange to re-visit the situation. The Stock Exchange expects that the Company will be able to demonstrate that Mr. WANG, having had the benefit of Ms. YEUNG's assistance, can satisfy Rule 3.28 of the Listing Rules at the end of the Wavier Period, such that a further Wavier would not be necessary. If Ms. YEUNG ceases to provide assistance to Mr. WANG, the Wavier will be revoked immediately. In addition, in the event of any changes to the situation of the Company, the Stock Exchange may withdraw or change the Waiver.

The Company would like to take this opportunity to express its sincere gratitude to Mr. NING for his contribution to the Company as the secretary of the Board and a joint company secretary of the Company. Mr. NING has confirmed that he has no disagreement with the Board and there is no matter in respect of the above changes that needs to be brought to the attention of the shareholders of the Company or the Stock Exchange.

Change of Authorised Representative

The Board announces that Mr. NING, Chairman of the Board of the Company, has become an authorised representative of the Company under Rule 3.05 of the Listing Rules with effect from January 1, 2020, and Mr. ZHAO John Huan, a Non-executive Director of the Company, has ceased to be an authorised representative of the Company.

By order of the Board

Legend Holdings Corporation

ning Min

Chairman of the Board

Hong Kong, January 1, 2020

As at the date of this announcement, the Executive Director of the Company is Mr. NING Min; the Non-executive Directors of the Company are Mr. ZHU Linan, Mr. ZHAO John Huan, Mr. WU Lebin and Mr. SUO Jishuan; and the Independent Non-executive Directors of the Company are Mr. MA Weihua, Mr. ZHANG Xuebing and Ms. HAO Quan.

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