China Wah Yan Healthcare : RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

(Incorporated in Hong Kong with limited liability)

(Stock Code: 648)

RESIGNATION OF

INDEPENDENT NON-EXECUTIVE DIRECTOR

The Board announces that effective from 30 April 2021, Mr. Lam has resigned as an independent non-executive director and a member of all the Board's committees.

RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR

The board (the ''Board'') of directors of China Wah Yan Healthcare Limited announces that Mr. Lam Chun Ho (''Mr. Lam'') has tendered his resignation as an independent non-executive director of the Company with effect from 30 April 2021 due to his other business commitment which requires more of his dedications. Mr. Lam has also ceased to be a member of all the Board's committees.

Mr. Lam has confirmed that he has no disagreement with the Board and there are no matters relating to his resignation which need to be brought to the attention of the shareholders of the Company. Mr. Lam has also confirmed that he has no claims against the Company whether by way of compensation, remuneration, severance payments, expenses or otherwise.

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NON-COMPLIANCE WITH THE LISTING RULES

According to Rules 3.10(1) and 3.21 of the Rules (the ''Listing Rules'') Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, the Company is required to appoint at least three independent non-executive directors and its audit committee must comprise a minimum of three members. Upon Mr. Lam's resignation, the number of independent non-executive directors and members of the audit committee of the Company is less than three respectively as required under the Listing Rules.

The Company shall endeavour to identify suitable candidates to fill the vacancy to meet the requirements under the Listing Rules as soon as practicable and will make further announcement as and when appropriate.

The Board wishes to express its sincere gratitude to Mr. Lam for his valuable contribution to the Company during his tenure of office.

For and on behalf of the board of

China Wah Yan Healthcare Limited

Lam Sung Him Gaston

Company Secretary

Hong Kong, 30 April 2021

As at the date of this announcement, the Board comprises Mr. Chan Ka Chung, Mr. Cheung Wai Kwan and Mr. Wang Jianguo as executive directors; and Mr. Chan Yee Ping Michael and Ms. Hu Xuezhen as independent non-executive directors.

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