Hang Pin Living Technology : APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR, CHAIRMAN OF REMUNERATION COMMITTEE, MEMBER OF AUDIT COMMITTEE AND NOMINATION COMMITTEE

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HANG PIN LIVING TECHNOLOGY COMPANY LIMITED

杭品生活科技股份有限公司

(Incorporated in Bermuda with limited liability)

(Stock Code: 1682)

APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR,

CHAIRMAN OF REMUNERATION COMMITTEE, MEMBER OF

AUDIT COMMITTEE AND NOMINATION COMMITTEE

Reference is made to the announcement of Hang Pin Living Technology Company Limited (the "Company") dated 12 April 2021. The board of directors (the "Board") of the Company is pleased to announce that Mr. Chau Chi Yan Benny ("Mr. Chau") has been appointed as an independent non-executive Director, the chairman of remuneration committee and the member of audit committee and nomination committee of the Company with effect from 16 April 2021.

The biographical details of Mr. Chau are set out as follows:

Mr. Chau, aged 39, obtained a bachelor's degree in arts from Manchester Metropolitan University in the United Kingdom in September 2005. Mr. Chau is currently an executive director and deputy chief executive officer of ELL Environmental Holdings Limited a company listed on The Stock Exchange of Hong Kong Limited (stock code: 1395) and vice president of Hong Kong Basketball Association. Mr. Chau has extensive experiences in finance, investment and sports management.

Taking into consideration of Mr. Chau's background and qualifications, the Directors consider that Mr. Chau is suitable to act as an independent non-executive Director pursuant to Rules 3.08 and 3.09 of the Rules Governing the Listing of Securities on the Stock Exchange (the "Listing Rules").

Save as disclosed above and as at the date of this announcement, Mr. Chau did not hold any other positions with the Company or other members of the Group and did not hold any other directorship in any listed company in the last three years or does not hold any other major appointment and qualifications.

As at the date of this announcement, Mr. Chau has no relationship with any Director, senior management, substantial shareholder (as defined in the Listing Rules) or controlling shareholder (as defined in the Listing Rules) of the Company.

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

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Mr. Chau has entered into an appointment letter with the Company, pursuant to which the Director's fee of Mr. Chau will be HK$144,000 per annum which is determined based on the company financial performance and the time to be devoted by Mr. Chau to the Company. Mr. Chau is appointed for a term of three years commencing 16 April 2021. In accordance with the bye-laws of the Company (the "Bye-laws"), Mr. Chau will hold office until the next following general meeting of the Company after his appointment and is eligible for reelection at that meeting and he will be subject to retirement by rotation and re-election in accordance with the Bye-laws and the Listing Rules.

Save as disclosed above, to the best knowledge of the Board, there is no further information which is required to be disclosed pursuant to the requirements under Rule 13.51(2)(h) to (v) of the Listing Rules and there are no other matters relating to the appointment of Mr. Chau that need to be brought to the attention of the Shareholders.

Following the appointment of Mr. Chau as an independent non-executive Director, the chairman of remuneration committee, the member of audit committee and nomination committee of the Company with effect from 16 April 2021, the Company has complied with the requirements of (i) having at least three independent non-executive directors on the Board as required under Rules 3.10(1) of the Listing Rules; (ii) having at least three members of the audit committee of the Company as required under Rule 3.21 of the Listing Rules; and (iii) having a chairman of the remuneration committee of the Company as required under Rule 3.25 of the Listing Rules.

The Board would like to take this opportunity to extend its warm welcome to Mr. Chau to join the Company.

On behalf of the Board

Hang Pin Living Technology Company Limited

Lam Kai Yeung

Chief Executive Officer & Executive Director

Hong Kong, 16 April 2021

As at the date of this announcement, the Board comprises Mr. Lam Kai Yeung and Mr. Situ Shilun as executive Directors, Dr. Lam Lee G, Mr. Chan Kin and Mr. Chau Chi Yan Benny as independent non-executive Directors.

*For identification purpose only

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