Hengxin Technology Ltd. — Board/Management Information 2018

Jan 30, 2018

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.

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HENGXIN TECHNOLOGY LTD. 亨 鑫 科 技 有 限 公 司[*]

(carrying on business in Hong Kong as HX Singapore Ltd.)

(incorporated in Singapore with limited liability)

(Singapore Registration No.: 200414927H)

(Hong Kong Stock Code: 1085) (Singapore Stock Code: I85)

ANNOUNCEMENT

CHANGE OF JOINT COMPANY SECRETARY, AUTHORISED REPRESENTATIVE AND PROCESS AGENT IN HONG KONG AND

CHANGE OF PRINCIPAL PLACE OF BUSINESS IN HONG KONG

CHANGE OF JOINT COMPANY SECRETARY, AUTHORISED REPRESENTATIVE AND PROCESS AGENT IN HONG KONG

With effect from 29 January 2018, Ms. Wong has resigned as a joint company secretary, authorised representative (for the purpose of Rule 3.05 of the Listing Rules) and authorized representative and process agent of the Company (for the purpose of accepting service of process in Hong Kong under the Companies Ordinance). And Mr. Chan has been appointed on the same day to substitute Ms. Wong in the above positions.

CHANGE OF PRINCIPAL PLACE OF BUSINESS IN HONG KONG

The Company’s principal place of business in Hong Kong has been changed to 6th Floor, The Chinese Club Building, 21–22 Connaught Road Central, Hong Kong with effect from 29 January 2018.

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RESIGNATION OF JOINT COMPANY SECRETARY, AUTHORISED REPRESENTATIVE AND PROCESS AGENT IN HONG KONG

The board (the ‘‘Board’’) of directors (the ‘‘Directors’’) of Hengxin Technology Ltd. (the ‘‘Company’’) announces that Ms. Wong Wai Han (‘‘Ms. Wong’’) has resigned as a joint company secretary, authorised representative (for the purpose of Rule 3.05 of the Rules Governing the Listing of Securities (the ‘‘Listing Rules’’) on The Stock Exchange of Hong Kong Limited (the ‘‘Stock Exchange’’)) and authorized representative and process agent (for the purpose of accepting service of process in Hong Kong under the Companies Ordinance (Cap.622 of the Laws of Hong Kong)) of the Company with effect from 29 January 2018.

Ms. Wong confirmed that she has no disagreement with the Company and there are no circumstances related to her resignation above which need to be brought to the attention the Stock Exchange and the shareholders of the Company. Taking this opportunity, the Board would like to express its appreciation and gratitude to Ms. Wong for her contribution and services to the Company in the past.

APPOINTMENT OF NEW JOINT COMPANY SECRETARY, AUTHORISED REPRESENTATIVE AND PROCESS AGENT IN HONG KONG

Following Ms. Wong’s resignation, the Board is pleased to announce that Mr. Chan Ting (‘‘Mr. Chan’’) has been appointed as a new joint company secretary, authorised representative (for the purpose of Rule 3.05 of the Listing Rules) and authorized representative and process agent (for the purpose of accepting service of process in Hong Kong under the Companies Ordinance (Cap.622 of the Laws of Hong Kong)) of the Company with effect from 29 January 2018.

Mr. Chan, aged 44, graduated from The Chinese University of Hong Kong with a bachelor degree of social science in 1995 and obtained from the University of London a master degree of laws in 2007. He has been a practicing solicitor in Hong Kong since 2000 and has extensive experience in merger and acquisition transactions, corporate finance, capital markets and compliance matters for companies listed in Hong Kong.

WAIVER IN RESPECT OF RULE 8.17 AND RULE 3.28 OF THE LISTING RULES

Reference is made to the announcement of the Company dated 2 November 2015 (the ‘‘Announcement’’) related to the appointment of Mr. Chua Kern (‘‘Mr. Chua’’) as a joint company secretary of the Company.

As Mr. Chua does not fulfil the qualification requirements under Rule 8.17 and Rule 3.28 of the Listing Rules, the Stock Exchange has granted a waiver to the Company (the ‘‘Waiver’’) from strict compliance with the requirements under Rule 8.17 and Rule 3.28 of the Listing Rules for a period of three years commencing from 2 November 2015 on the conditions which were disclosed in the Announcement, including but not limited to the condition that should Ms. Wong, the other joint company secretary, cease to provide assistance to Mr. Chua before the expiration of such three-year period, the Waiver will be immediately revoked.

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In view of Ms. Wong’s resignation and Mr. Chan’s appointment, the Company has made an application to the Stock Exchange for a new waiver (the ‘‘New Waiver’’) from strict compliance with the requirements under Rule 8.17 and Rule 3.28 of the Listing Rules for the period of three years commencing from the date of the New Waiver on the following conditions:

• (i) the Company will continue to retain a registered Hong Kong law firm (the ‘‘Firm’’), as the Company’s legal adviser on Hong Kong laws to assist Mr. Chua in discharging his duties as a joint company secretary of the Company for a minimum period of three years from the date of the New Waiver;

• (ii) Mr. Chua will take external training courses provided by The Law Society of Hong Kong or other professional bodies in order to acquire and understand the updated requirements and development of the Listing Rules. Moreover, the Firm will draw Mr. Chua’s attention to any update of the Listing Rules and other relevant laws and regulations in Hong Kong for a minimum period of three years from the date of the New Waiver; and

• (iii) during the three-year period as described in the conditions (i) and (ii) above, the Company and the Firm will commit to equipping Mr. Chua with the relevant experience within the meaning of Rule 3.28 of the Listing Rules with their best endeavour. Mr. Chua would be assisted by Mr. Chan during the New Waiver period. Should Mr. Chan, the other joint company secretary, cease to provide assistance to Mr. Chua before the expiration of such three-year period as described above, the New Waiver will be immediately revoked.

Mr. Chan is currently a practicing solicitor in Hong Kong and a member of the Law Society of Hong Kong. He is an ordinarily resident in Hong Kong. Mr. Chan therefore meets the requirements under Rule 8.17 and Rule 3.28 of the Listing Rules in respect of a company secretary.

The Board would like to extend its warmest welcome to Mr. Chan for his new appointment.

CHANGE OF PRINCIPAL PLACE OF BUSINESS IN HONG KONG

The Board also announces that the Company’s principal place of business in Hong Kong has been changed to 6th Floor, The Chinese Club Building, 21–22 Connaught Road Central, Hong Kong with effect from 29 January 2018.

By Order of the Board Hengxin Technology Ltd. Cui Wei Chairman

Hong Kong, 29 January 2018

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As at the date of this announcement, the executive Directors are Mr. Du Xiping and Mr. Xu Guoqiang; the non-executive Directors are Mr. Cui Wei and Ms. Zhang Zhong; and the independent non-executive Directors are Mr. Tam Chi Kwan Michael, Dr. Li Jun and Mr. Pu Hong.

• For identification purpose only

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