Min Xin : APPOINTMENT OF NON-EXECUTIVE DIRECTOR

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MIN XIN HOLDINGS LIMITED 閩信集團有限公司

(Incorporated in Hong Kong with limited liability)

(Stock Code: 222)

APPOINTMENT OF NON-EXECUTIVE DIRECTOR

The board of directors of Min Xin Holdings Limited is pleased to announce that Mr. YANG Jingchao has been appointed as a Non-executive Director of the Company with effect from 7 December 2018.

The board of directors (the "Board") of Min Xin Holdings Limited (the "Company") is pleased to announce that Mr. YANG Jingchao ("Mr. Yang"), has been appointed as a Non-executive Director of the Company with effect from 7 December 2018.

Mr. Yang, aged 53, is currently the general manager of the Ministry of Finance Capital Department of Fujian Investment & Development Group Co., Ltd. ("Fujian Investment Group"), which is a controlling shareholder of the Company. Mr. Yang holds a Bachelor degree in International Finance from School of Finance of Renmin University of China and a Master of Business Administration of La Trobe University. He is an economist in Mainland China.

From July 1987 to September 1992, Mr. Yang was the clerk of the Finance Department, the Foreign Exchange Department and the Capital Management Department of 福建投資企業 集團公司 (Fujian Investment Enterprise Group Corporation*) (formerly known as 福建投 資企業公司 (Fujian Investment Enterprise Company*) and 福建國際信托投資公司 (Fujian International Trust and Investment Company*)) ("Fujian Investment Enterprise") respectively. From September 1992 to January 1994, he served as the deputy officer clerk of the Capital Management Department of Fujian Investment Enterprise. From January 1994 to December 1995, he served as the deputy general manager of the Treasury Department of Fujian Investment Enterprise. From December 1995 to April 2003, he served as the deputy general manager of the International Finance Department of Fujian Investment Enterprise. From April 2003 to September 2005 and from September 2006 to May 2009, Mr. Yang servedas the deputy general manager of the Financial Investment Department of Fujian Investment Enterprise. From May 2009 to January 2015, he served as the deputy project manager of the Gas Investment Department of Fujian Investment Group and was the deputy general manager of 中海石油福建新能源有限公司 (CNOOC Fujian New Energy Co., Ltd.*). During the period between March 2012 to January 2015, Mr. Yang was also the general manager and legal representative of 福建中閩物流有限公司 (Fujian Zhongmin Logistics Co., Ltd.*). From January 2015 to October 2016, he served as the deputy general manager of the Integrated Investment Department of Fujian Investment Group. From October 2016 to September 2018, he served as the project manager of the Ministry of Finance Capital Department of Fujian Investment Group and was the general manager of 平潭綜合實驗區金融控股集團有限公 司 (Pingtan Comprehensive Experimental Zone Financial Holding Group Co., Ltd.*) ("Pingtan Financial Holding"). During the period between August 2017 to September 2018, Mr. Yang was also the secretary of the Party Committee, the chairman of the board of directors and the legal representative of Pingtan Financial Holding.

He has extensive experience in financial investment and capital operations.

Save as disclosed above, Mr. Yang has not held any other position with the Company or any of its subsidiaries and has not held other directorships in any other public companies the securities of which are listed on any securities market in Hong Kong or overseas in the last three years.

Save as disclosed above, Mr. Yang does not have any relationship with any directors, senior management or substantial or controlling shareholders of the Company.

As at the date of this announcement, Mr. Yang does not have any interests in the shares of the Company within the meaning of Part XV of the Securities and Future Ordinance (Chapter 571 of the Laws of Hong Kong).

There is no service contract entered into between the Company and Mr. Yang. Mr. Yang has not been appointed for a specific term but will be subject to retirement by rotation and re-election at annual general meetings of the Company in accordance with the provisions of the Company's Articles of Association. He is entitled to a fixed remuneration of HK$60,000 per annum for acting as a Non-executive Director of the Company, such amount being determined from time to time by the Board with reference to the prevailing market conditions, the situation of the Company and his job responsibility.

Save as disclosed above, the Board is not aware of any other matters relating to the appointment of Mr. Yang that are needed to be brought to the attention of the shareholders of the Company nor any information to be disclosed pursuant to the requirements of Rule 13.51(2)(h) to 13.51(2)(v) of the Rules Governing the Listing of Securities on the Stock Exchange.

The Board would like to take this opportunity to extend its warmest welcome to Mr. Yang for joining the Board.

*The English transliteration of the Chinese name in this announcement, where indicated, is included for information purpose only, and should not be regarded as the official English name of such Chinese name.

By Order of the Board

Min Xin Holdings Limited

CHEN Yu

Executive Director and General Manager

Hong Kong, 7 December 2018

As at the date of this announcement, the executive Directors of the Company are Messrs. YAN Zheng (Chairman), WANG Fei (Vice Chairman) and CHEN Yu; the non-executive Directors are Messrs. YANG Jingchao and HON Hau Chit; the independent non-executive Directors are Messrs. IP Kai Ming, CHEUNG Man Hoi and LEUNG Chong Shun.