Beautiful China : SUPPLEMENTAL ANNOUNCEMENT OF CHANGE OF NON-EXECUTIVE DIRECTOR

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BEAUTIFUL CHINA HOLDINGS COMPANY LIMITED

美麗中國控股有限公司

(incorporated in Bermuda with limited liability)

(Stock code: 706)

SUPPLEMENTAL ANNOUNCEMENT OF CHANGE OF

NON-EXECUTIVE DIRECTOR

Reference is made to the announcement of Beautiful China Holdings Company Limited (the "Company", together with its subsidiaries, the "Group") dated 29 April 2021 in relation to the change of non- executive director (the "Announcement"). Unless otherwise specified, capitalised terms used in this announcement shall have the same meanings as those defined in the Announcement.

The Board would like to further disclose that Mr. Wu will not receive any remuneration from the Company during his tenure since he is a non-executive Director designated by a bondholder of the Company's convertible bonds and will not involve in the daily operation of the Group.

The Board confirms that the above supplemental information does not affect other information contained in the Announcement.

For and on behalf of

Beautiful China Holdings Company Limited

Sze Wai, Marco

Chairman

Hong Kong, 4 May 2021

As at the date of this announcement, the Board comprises Mr. Sze Wai Marco, Mr. Zhou Wei Feng and Mr. Tan Shu Jiang as executive Directors, Mr. Wu Shuyang as a non-executive Director, and Mr. Chong Yiu Kan, Sherman, Mr. Xie Jun and Mr. Liu Liyang as independent non-executive Directors.