Vinco Financial : CHANGE OF INDEPENDENT NON-EXECUTIVE DIRECTOR AND COMPOSITION OF BOARD COMMITTEES

Hong Kong Exchange 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 and any part of the contents of this announcement.

VINCO FINANCIAL GROUP LIMITED

域高金融集團有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 8340) CHANGE OF INDEPENDENT NON-EXECUTIVE DIRECTOR AND COMPOSITION OF BOARD COMMITTEE

The Board announces that with effect from 1 August 2016,

(i)

Mr. Yip Tai Him has resigned as an independent non-executive director and

the chairman of the audit committee in order to devote more time on his other personal commitments;

(ii)

Mr. Law Chor Yam has been appointed as an independent non-executive

director and the member of the audit committee; and

(iii) Mr. Lee Wing Lun, an independent non-executive director of the Company,

has been appointed as the chairman of the audit committee.

The board ("Board") of directors (each, a "Director") of Vinco Financial Group Limited ("Company", together with its subsidiaries, "Group") wishes to announce that with effect from 1 August 2016,

1. Mr. Yip Tai Him ("Mr. Yip") has resigned as (a) an independent non-executive director and (b) the chairman of the audit committee in order to devote more time on his other personal commitments;

2. Mr. Law Chor Yam ("Mr. Law") has been appointed as (a) an independent non-executive director and (b) the member of the audit committee; and

3. Mr. Lee Wing Lun, an independent non-executive director of the Company, has been appointed as the chairman of the audit committee.

Mr. Yip has confirmed that he does not have any disagreement with the Board and there are no matters relating to his resignation that need to be brought to the attention of The Stock Exchange of Hong Kong Limited ("Stock Exchange") and the shareholders of the Company.

The biographical details of Mr. Law are set out below:

Mr. Law Chor Yam, aged 53, obtained a master degree in business administration in May 2003 and has over 20 years of experience in the financial industry. He is currently the director of Orient Securities (Hong Kong) Limited, Orient Futures (Hong Kong) Limited and Orient Credit Finance (Hong Kong) Limited.

Mr. Law has entered into a letter of appointment with the Company. He is entitled to a remuneration of HK$36,000 per annum which is determined with reference to his level of responsibilities, remuneration policy of the Company and prevailing market conditions. Mr. Law has no fixed term of services with the Company but he is subject to retirement by rotation and re-election in accordance with the articles of association of the Company.

Save as disclosed above, as at the date of this announcement, Mr. Law:

1. has not held any other major appointments and qualifications or directorships in other listed company in the last three years;

2. does not have any relationship with any Director, senior management, substantial or controlling shareholders (having the meaning ascribed to it in the Rules Governing the Listing of Securities on the Growth Enterprise Market of the Stock Exchange of Hong Kong Limited ("GEM Listing Rules")) of the Company;

3. does not hold other positions with the Company or other members of the Group; and

4. does not have any interests of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

Save as disclosed above, there is no further information required to be disclosed pursuant to Rule 17.50(2)(h) to (v) of the GEM Listing Rules and there are no other material matters relating to the appointment of Mr. Law that need to be brought to the attention of the Stock Exchange or the shareholders of the Company.

The Board would like to take this opportunity to deeply thank Mr. Yip for his extremely valuable contribution and guidance during his tenure of office and welcome Mr. Law to join the Company.

By order of the Board Vinco Financial Group Limited Chung Ho Yan Chairman

Hong Kong, 1 August 2016

As at the date hereof, the Board comprises Mr. Chung Ho Yan and Mr. Lam Yick Hing being executive directors of the Company; and Mr. Lee Wing Lun, Mr. Tam King Ho, Howard and Mr. Law Chor Yam being the independent non-executive directors of the Company.

This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the GEM Listing Rules for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirmed that to the best of their knowledge and belief the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading.

This announcement will remain on the GEM website athttp://www.hkgem.com on the "Latest Company Announcement" page for at least 7 days from the date of its posting and on the website of the Company at http://www.vinco.com.hk.