Landing International Development : CHANGE OF INDEPENDENT NON-EXECUTIVE DIRECTOR AND MEMBER OF THE BOARD COMMITTEES

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Landing International Development Limited 藍鼎國際發展有限公司

(Incorporated in the Cayman Islands and continued in Bermuda with limited liability)

(Stock code: 582)

CHANGE OF INDEPENDENT NON-EXECUTIVE DIRECTOR

AND

MEMBER OF THE BOARD COMMITTEES

The Board announces that with effect from 12 March 2021:

• (i) Mr. Lin Liangyong has been appointed as a Head of Internal Audit of the Company and he has ceased to act as an independent non-executive Director and a member of each of the Board Committees; and

• (ii) Mr. Du Peng has been appointed as an independent non-executive Director of the Company and a member of each of the Board Committees.

CHANGE OF INDEPENDENT NON-EXECUTIVE DIRECTOR AND MEMBER OF THE BOARD COMMITTEES

The board (the "Board") of directors (the "Director(s)") of Landing International Development Limited (the "Company", together with its subsidiaries, the "Group") announces that with effect from 12 March 2021, Mr. Lin Liangyong ("Mr. Lin") has ceased to act as an independent non-executive Director and a member of each of the audit committee, the nomination committee and the remuneration committee of the Company (the "Board Committees") taking into consideration the independence issues upon taking up an executive role in the Group as Head of Internal Audit of the Company.

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Mr. Lin has confirmed that he has no disagreement with the Board and there are no other matters in relation to his redesignation that need to be brought to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited (the "Stock Exchange").

The Board also announces that with effect from 12 March 2021, Mr. Du Peng ("Mr. Du") has been appointed as an independent non-executive Director of the Company and a member of each of the Board Committees. The biography of Mr. Du is set out as follows:

MR. DU PENG

Mr. Du, aged 39, graduated from Zhongnan University of Economics and Law with a doctoral degree of marketing in June 2009. He is the Head of Department of Marketing, the Director of Management Case Research Center and the Associate Professor of School of Business and Administration in Zhongnan University of Economics and Law. Mr. Du has over 12 years of experience in marketing consultancy and training.

There is no service contract between the Company and Mr. Du. He is appointed for a fixed term of one (1) year commencing from 12 March 2021, which is automatically renewable for successive terms of one year upon the expiry of a term. He is subject to retirement at the forthcoming general meeting of the Company after his appointment and thereafter subject to retirement by rotation at least once every three (3) years and in accordance with the Bye-laws of the Company. Mr. Du will be entitled to a director's fee of HK$60,000 per annum, which has been determined with reference to his background, his duties and responsibilities within the Company and the prevailing market conditions. His remuneration is subject to review by the remuneration committee of the Company and the Board from time to time.

Save as disclosed herein, as at the date of this announcement, Mr. Du has confirmed that he:

• (a) does not hold any directorship in other listed companies, the securities of which are listed on any securities market in Hong Kong or overseas in the last three years;

• (b) does not hold any other positions with the Company or other subsidiaries of the Company;

• (c) does not have any interest or short position (both within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) (the ''SFO'')) in the shares, underlying shares or debentures of the Company or any of its associated corporation (as defined under Part XV of the SFO);

• (d) does not have any relationship with any Directors, senior management or substantial shareholders or controlling shareholders of the Company (as defined in the Rules Governing the Listing of Securities of the Stock Exchange (the "Listing Rules"); and

(e)there is no information that should be disclosed pursuant to subparagraphs (h) to (v) of Rule 13.51(2) of the Listing Rules nor any other matters that need to be brought to the attention of the shareholders of the Company in relation to his appointment as the Director of the Company and he meets the independence guidelines set out in Rule 3.13 of the Listing Rules.

The Board would like to extend its warm welcome to Mr. Lin's new role in the Company and to Mr. Du for joining the Board.

By order of the Board

Landing International Development Limited

Yang Zhihui

Chairman and Executive Director

Hong Kong, 12 March 2021

As at the date of this announcement, the Board comprises Mr. Yang Zhihui (Chairman), Ms. Chan Mee Sze, Mr. Yeung Lo, Dr. Wong Hoi Po and Ms. Pu Shen Chen as executive Directors; and Mr. Li Chun Kei, Mr. Shek Lai Him Abraham and Mr. Du Peng as independent non-executive Directors.

In the case of any inconsistency, the English text of this announcement shall prevail over the Chinese text.