The Board of Directors of Yat Sing Holdings Limited (the ‘Company’) announces that with effect from 21 November 2019 Ms. Ma Huijun has been appointed as an executive Director, the chairman of the Board and the chairman of the nomination committee, Mr. Dai Jian resigned as the chairman of the Board and the chairman of the nomination committee, and has been appointed as the vice chairman of the Board and remained as an executive Director and the Chief Executive Officer, Mr. Lai Aizhong has been appointed as an executive Director and Mr. Huang Shuhui has been appointed as an independent non-executive Director. Ms. Ma Huijun currently serves as an executive director and the general manager of Shenzhen Qianhai Huiying Supply Chain Services Co. Ltd. and Shenzhen Daxing Huashangshi Business Development Co. Ltd. Respectively. Dai Jian, Currently, he is also a deputy manager of the department of research and development of (transliterated as Jiangyin Youjia Pearlescent Mica Co. Ltd.,"Jiangyin Youjia") since December 2013. Lai Aizhong is currently the executive director of Shenzhen Fully Investment Administration Co. Ltd., the chairman of the board of directors of Shenzhen Bosum Asset Management Limited. Huang Shuhui currently serves as the president of the Guangdong Chamber of Commerce in Jiangxi Province and the legal person and managing director of Jiangxi Zhongziyuan Investment Guarantee Co. Ltd.