HC Group Inc. — Board/Management Information 2018

Aug 26, 2018

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HC GROUP INC. 慧聰集團有限公司

(incorporated in the Cayman Islands with limited liability)

(Stock Code: 02280)

VOLUNTARY ANNOUNCEMENT APPOINTMENT OF CO-PRESIDENT

The board (the “ Board ”) of directors (the “ Director(s) ”) of HC Group Inc. (the “ Company ”, together with its subsidiaries, the “ Group ”) is pleased to announce that Mr. Zhang Yonghong (“ Mr. Zhang ”) has been appointed as the co-president of the Company, with effect from 26 August 2018. Following the appointment of Mr. Zhang, Mr. Liu Xiaodong, the existing president, acts as the co-president of the Company.

Mr. Zhang, aged 51, the co-president of the Company, will be responsible for the transaction services and data services segments of the Group. Before joining our Group, Mr. Zhang served as the deputy general manager at the business department of Lenovo Group Limited (聯想集 團有限公司) (Stock code: 992), a company listed on the main board of The Stock Exchange of Hong Kong Limited, from April 1993 to June 1996. From October 1998 to November 2009, he was the vice president at China Hewlett-Packard Co., Ltd.* (中國惠普有限公司). Between November 2009 to October 2015, Mr. Zhang had worked as the general manager of the PRC operations department at Acer Group* (宏碁集團).

Between December 2015 to August 2018, Mr. Zhang had been the deputy president of operations and executive deputy president of Tsinghua Unigroup Limited* (紫光集團有限 公司). Mr. Zhang served as a director of Unisplendour Corporation Limited* (紫光股份有限 公司) (Stock code: 000938), a company listed on the Shenzhen Stock Exchange, from April 2016 to June 2017.

From November 2017 to August 2018, Mr. Zhang was also the director and a chairman of the board of directors of 500.com Limited (500彩票網), a company listed on the New York Stock Exchange (Stock code: WBAI).

• For identification purposes only

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Mr. Zhang graduated and obtained a bachelor degree from the Department of Precision Instrument of Tsinghua University in July 1990, and obtained a master degree of science in engineering from the University of Science and Technology of China in 1993.

Mr. Zhang has over 20 years of experience in operations and management in the telecommunications, media and technology industry. He has profound understanding in the operations of and within the internet, the Internet of Things and the interplay between online retailing and offline retailing, and he actively promotes the development of online retailing. The extensive experience of Mr. Zhang will contribute to the rapid expansion of the Group’s trading services and data services. He will also be able to iterate and upgrade the Group’s information service segment, namely zol.com.cn and hc360.com. The Board believes that appointing Mr. Zhang as the co-president of the Company will strengthen our team and attract top talents.

By Order of the Board HC GROUP INC. Liu Jun Chairman and Chief Executive Officer

Beijing, the People’s Republic of China, 26 August 2018

As at the date of this announcement, the Board comprises:

• Mr. Liu Jun (Executive Director, Chairman and Chief Executive Officer)

• Mr. Lee Wee Ong (Executive Director and Chief Financial Officer)

• Mr. Liu Xiaodong (Executive Director and Co-President)

• Mr. Guo Fansheng (Non-executive Director)

• Mr. Li Jianguang (Non-executive Director)

• Mr. Wong Chi Keung (Non-executive Director)

• Mr. Zhang Ke (Independent Non-executive Director)

• Mr. Zhang Tim Tianwei (Independent Non-executive Director)

• Ms. Qi Yan (Independent Non-executive Director)

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