RYU Apparel Inc. — Board/Management Information 2020

May 22, 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

May 21, 2020.

3. News Release

The news release was disseminated through Cision on May 21, 2020.

4 Summary of Material Change

The Company announced the appointment of Roger Edwards to the Board of Directors of the Company effective May 18, 2020.

5. Full Description of Material Change

5.1 Full Description of Material Change

The Company announced the appointment of Roger Edwards to the Board of Directors of the Company effective May 18, 2020.

The Company further announced the resignation of Tony Longo as Director effective May 14, 2020 and wishes to sincerely thank him for his meaningful contributions over the past several months and great success in his future endeavors.

See Item 4 above and 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

Cesare Fazari, Chief Executive Officer of the Board, 1‐844‐535‐2880

9. Date of Report

May 22, 2020.

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RYU Apparel Announces Appointment of Roger Edwards to Board of Directors

Vancouver, BC – May 21, 2020 – /CNW/ ‐ RYU Apparel Inc. (TSXV: RYU, OTCQB: RYPPF) (“RYU” or the “Company”), creator of urban athletic apparel, announces the immediate appointment of Roger Edwards to the Board of Directors of the Company.

Mr. Edwards is a highly regarded Canadian designer with over thirty years of experience designing and producing with premier Canadian apparel manufacturers. He has developed a reputation as one of the top “Made in Canada” designers and has designed apparel collections with adidas, Reebok, the National Basketball Association, the National Hockey League, the National Football League, Major League Baseball and Team Canada.

“I am truly excited to be a part of the RYU team,” said Mr. Edwards. “I will use my decades of expertise in this field to help build the same reputation of excellence for the RYU brand. In a world changing at an unprecedented level it is extremely important to be able to design and manufacture products in closer proximity to the consumer.”

“Roger Edwards is a welcome addition to our Board of Directors,” said Cesare Fazari, CEO. “His considerable depth of design and manufacturing experience will be invaluable as RYU begins the next stages of its growth in Canada, the United States and on a global scale.”

The Company further announces the immediate resignation of Tony Longo as Director and wishes to sincerely thank him for his meaningful contributions over the past several months and great success in his future endeavors.

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 fitness, performance and lifestyle. 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.

“ Cesare Fazari”

Cesare Fazari, Chief Executive Officer 1‐844‐535‐2880

Investor Relations

Contact: Anna Brazier

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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 the Company. There are numerous risks and uncertainties that could cause actual results and the Company’s plans and objectives to differ materially from those expressed in the forward‐looking information, including the ability of the company to finance operations, material adverse effects resulting from the COVID‐19 pandemic; the ability of the management team to execute on its business plan, and risks in the apparel industry in general. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward‐looking information 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, the Company does not intend to update these forward‐looking statements.