Forebase International : RESIGNATION OF DIRECTORS AND RESIGNATION OF CHIEF EXECUTIVE OFFICER

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FOREBASE INTERNATIONAL HOLDINGS LIMITED

申 基 國 際 控 股 有 限 公 司

(Incorporated in Hong Kong with limited liability)

(Stock Code: 2310)

RESIGNATION OF DIRECTORS

AND

RESIGNATION OF CHIEF EXECUTIVE OFFICER

RESIGNATION OF DIRECTORS AND CHIEF EXECUTIVE OFFICER

The Board announces that with effect from 20 November 2019:

1. Mr. Pang has resigned as executive Director and the chief executive officer of the Company;
2. Mr. Huang has resigned as non-executive Director of the Company; and
3. Mr. Yu and Mr. Zimmermann have resigned as independent non-executive Directors, members of the nomination committee, members of the remuneration committee and members of the audit committee of the Company.

RESIGNATION OF DIRECTORS AND CHIEF EXECUTIVE OFFICER

The board (the "Board") of directors (the "Directors") of Forebase International Holdings Limited (the "Company") announces that with effect from 20 November 2019:

1. Mr. Pang Huan Kun ("Mr. Pang") has resigned as executive Director and the chief executive officer of the Company due to the need to devote more time to pursue his other work engagement;
2. Mr. Huang Xiang Yang ("Mr. Huang") has resigned as non-executive Director of the
   Company due to the need to devote more time to pursue his other work engagement; and
3. Mr. Yu Lei ("Mr. Yu") and Mr. Ernst Rudolf Zimmerman ("Mr. Zimmermann") have resigned as independent non-executive Directors, members of the nomination committee, members of the remuneration committee and members of the audit committee of the
   Company due to their other career commitments.

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Mr. Pang, Mr. Huang, Mr. Yu and Mr. Zimmermann confirmed that they have no disagreement with the Board and there are no matters in respect of their resignation that need to be brought to the attention of the shareholders of the Company.

The Board would like to express its sincere gratitude and appreciation to Mr. Pang, Mr. Huang, Mr. Yu and Mr. Zimmermann for their valuable contributions to the Company during their tenure of office.

Following the resignation of Mr. Yu and Mr. Zimmermann as independent non-executive Directors, the number of independent non-executive Directors falls below the minimum requirement under Rules 3.10A of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules"). The Company will take appropriate measures to meet the requirement under Rule 3.10A of the Listing Rules as soon as practicable within three months pursuant to Rule 3.11 of the Listing Rules.

The Company will make further announcement as and when appropriate in accordance with the Listing Rules.

By order of the Board

Forebase International Holdings Limited

LEUNG TAK CHEE FRANKIE

Company Secretary

Hong Kong, 20 November 2019

As at the date hereof, the executive Directors of the Company are Ms. YEUNG So Mui, Mr, CHOi Yun Chor, Mr. NG Kwai Wah Sunny, Mr. CHEN Jian, Mr. TAI Kwok Keung Kenny, Mr.LIN Junwei, Mr. SHEN Yong and Ms. WANG Yi Ya; and the independent non-executive Directors of the Company are Ms. LAI Cheuk Yu Cherrie, Mr. TING Wong Kacee, Dr. LOKE Yu (alias LOKE Hoi Lam).

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