Hebei Yichen Industrial : RESIGNATION OF EXECUTIVE DIRECTOR

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Hebei Yichen Industrial Group Corporation Limited*

河北翼辰實業集團股份有限公司

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

(Stock Code: 1596)

RESIGNATION OF EXECUTIVE DIRECTOR

The board (the "Board") of directors (the "Directors") of Hebei Yichen Industrial Group Corporation Limited (the "Company") hereby announces that Mr. Zhang Ligang (張立剛) ("Mr. Zhang") has tendered his resignation as an executive Director with effect from 23 December 2019 due to personal reasons. Mr. Zhang shall, at the same time, also resign as the member of the corporate governance committee and strategy committee of the Company. Pursuant to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, Mr. Zhang has confirmed that he has no disagreement with the Company, the Board, nor is there any other matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited.

The Board would like to express heartfelt gratitude to Mr. Zhang for his valuable contributions during his tenure as the executive Director.

By order of the Board

Hebei Yichen Industrial Group Corporation Limited*

ZHANG Haijun

Chairman

Shijiazhuang, The PRC, 23 December 2019

As at the date of this announcement, the Board comprises Mr. Zhang Haijun, Mr. Wu Jinyu, Mr. Zhang Lihuan, Mr. Zhang Chao and Ms. Fan Xiulan as the executive Directors; and Mr. Jip Ki Chi, Mr. Wang Qi and Mr. Zhang Liguo as the independent non-executive Directors.

• For identification purpose only