RYU Apparel Inc. — Board/Management Information 2020

Mar 17, 2020

FORM 51‐102F3 Material Change Report

1. Name and Address of Company

RYU Apparel Inc. (the "Company") 1672 West 2nd Avenue Vancouver, BC V6J 1H4

2. Date of Material Change

March 17, 2020.

3. News Release

The news release was disseminated through BayStreet and Stockwatch on March 17, 2020.

4 Summary of Material Change

The Company announced the resignation of Camilo Lyon from its Board of Directors (the "Board").

Mr. Lyon's Board position has not been replaced and the Board will decide shortly whether to nominate a new member or remain with the current four existing members.

5. Full Description of Material Change

5.1 Full Description of Material Change

See Item 4 above amd the attached News Release for a full description of the material change.

5.2 Disclosure for Restructuring Transactions

Not applicable.

6. Reliance on subsection 7.1(2) of National Instrument 51‐102

Not applicable.

7. Omitted Information

None.

8. Executive Officer

Marcello Leone, Executive Chairman of the Board, 604.235.2880

9. Date of Report

March 17, 2020.

CAMILO LYON RESIGNS FROM RYU BOARD OF DIRECTORS

Vancouver, BC – March 17, 2020 – /CNW/ ‐ RYU Apparel Inc. (TSXV: RYU, OTCQB: RYPPF) ("RYU" or the "Company"), creator of urban athletic apparel announces the resignation of Camilo Lyon from its Board of Directors.

Mr. Lyon, who recently accepted a new professional position, has resigned from his position on the Board of Directors effective February 24, 2020 due to potential conflicts his role may have created with his new professional engagements. "I want to thank Marcello and the entire RYU team for the opportunity to help guide the business over the past year. I greatly valued my time at RYU and wish the team much success in the future," said Camilo Lyon.

"On behalf of the entire RYU Team and Community, I would like to thank Mr. Lyon for his help and support over the past several months," said Marcello Leone, Executive Chairman. "We wish him all the best in his career advancement".

Mr. Lyon's Board position has not been replaced and the Board will decide shortly whether to nominate a new member or remain with the current four existing members.

For regular updates on RYU Apparel visit: http://ryu.com

About RYU

Respect Your Universe is an award winning urban athletic apparel and accessories brand engineered for the fitness, performance and lifestyle of the athletic man and woman. Designed without compromise for fit, comfort, and durability, RYU exists to facilitate human performance. For more information, visit: http://ryu.com

On Behalf of the Board

RYU APPAREL INC. "Marcello Leone" Marcello Leone, Executive Chairman Tel: 604‐235‐2880

Investor Relations Contact: Anna Brazier Investor Relations

1‐844‐535‐2880 investors@ryu.com www.ryu.com

Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.

This news release contains forward‐looking information that involves various risks and uncertainties regarding future events. Such forward‐looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of RYU, such as statements that: definitive agreements may be entered into; RYU will satisfy the conditions necessary to enter into definitive agreements; the aims of the consulting arrangement will materialize, including the intention to transition RYU to profitability within a two year period; and RYU will obtain shareholder approval for any increase in its compensation plans if and as required. There are numerous risks and uncertainties that could cause actual results and RYU's plans and objectives to differ materially from those expressed in the forward‐looking information, including: (i) adverse market conditions resulting in the inability of RYU to raise necessary financing required to enter and make payments under the proposed definitive agreements; (ii) the inability of RYU to obtain any necessary approvals in respect of the proposed agreements, including approvals necessary for the issuance of the RSU's; and (iii) inability to restructure and transform its business as required. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward‐looking statements are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, RYU does not intend to update these forward‐looking statements.