Golden Wheel Tiandi : RETIREMENT AND APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR AND CHANGE OF MEMBERS OF BOARD COMMITTEES

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金 輪 天 地 控 股 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

The board of directors (the "Board") of Golden Wheel Tiandi Holdings Company Limited

（ 金輪天地控股有限公司）(the "Company") announces that Ms. Howe Sau Man ("Ms. Howe") retired by rotation as an independent non-executive director of the Company in accordance with the articles of association of the Company at the conclusion of the annual general meeting of the Company held on 20 May 2017 (the "AGM") due to her desire to devote more time to her personal affairs and did not offer herself for re-election. Ms. Howe ceased to be the chairman of audit committee of the Company (the "Audit Committee") and a member of nomination committee of the Company (the "Nomination Committee") at the conclusion of the AGM.

Ms. Howe has confirmed that, as at the date of this announcement, she does not have any disagreement with the Board and that there are no other matters relating to her resignation which need to be brought to the attention of the shareholders of the Company (the "Shareholders") and The Stock Exchange of Hong Kong Limited (the "Stock Exchange").

The Board also has the pleasure to announce the appointment of Mr. Li Yiu Fai ("Mr. Li") as an independent non-executive director, the chairman of the Audit Committee and a member of the Nomination Committee from the conclusion of the AGM.

Mr. Li, aged 45, has over 20 years of experience in fund industry, with comprehensive knowledge of accounting, financing, fund operations and financial products. Mr. Li is currently a director and chief operating officer of Persistent Asset Partners Limited, a limited liability company incorporated in Hong Kong which is licensed by the Securities and Futures Commission ("SFC") to carry on Type 4 (Advising on Securities) and Type 9 (Asset Management) Regulated Activities in Hong Kong.

Prior to joining Persistent Asset Partners Limited, Mr. Li served as Director of Fund Services in Fortis Intertrust Hong Kong (Fortis Group) and Director of Business Information Management in Fortis Prime Fund Solutions (Asia) Ltd (Fortis Group).

Mr. Li also holds a license of Type 4 (Advising on Securities) by SFC and is a Fellow of The Association of Chartered Certified Accountants, United Kingdom and a Certified Public Accountant of the Hong Kong Institute of Certified Public Accountants. He completed his Master of Business System from Monash University and Bachelor of Science in Physics from the Chinese University of Hong Kong.

Saved as disclosed above, Mr. Li did not hold any other directorships in other listed companies in the last three years. He has not previously held any position with the Group.

Mr. Li does not have any relationships with any other directors, senior management, substantial shareholders or controlling shareholders of the Company. As at the date of this announcement, Mr. Li does not have any interest in the securities of the Company within the meaning of Part XV of the Securities and Futures Ordinance.

Mr. Li has entered into a letter of appointment with the Company for a term of 2 years commencing from 20 May 2017. He will be subject to retirement as director by rotation and will also be eligible for re-election at annual general meetings of the Company in accordance with the articles of association of the Company. Pursuant to the letter of appointment, Mr. Li is entitled to receive a remuneration of HK$144,000 per annum which has been reviewed by the remuneration committee of the Company and determined with reference to his duties and responsibilities as well as remuneration benchmarks in the industry and the prevailing market conditions.

Saved as disclosed in this announcement, the Board is not aware of any information which is required to be disclosed pursuant to of Rule 13.51(2)(h) to Rule 13.51(2)(v) of the Rules Governing the Listing of Securities on the Stock Exchange and any other matters that need to be brought to the attention of the Shareholders.

The Board would like to take this opportunity to express its gratitude to Ms. Howe for her valuable contribution to the Company during her tenure of service and welcome Mr. Li to join the Board.

By order of the Board

Golden Wheel Tiandi Holdings Company Limited Wong Yam Yin

Chairman

Hong Kong, 20 May 2017

As at the date of this announcement, the Board of directors of the Company consists of Mr. Wong Yam Yin, Mr. Wong Kam Fai, Mr. Wong Kam Keung, Barry, Mr. Tjie Tjin Fung, and Mr. Janata David as executive directors; Mr. Suwita Janata and Mr. Gunawan Kiky as non-executive directors; Mr. Hui Yan Moon, Mr. Wong Ying Loi, Mr. Li Yiu Fai and Mr. Lie Tak Sen as independent non-executive directors.