Colour Life Services : RESIGNATION OF EXECUTIVE DIRECTOR AND CHIEF FINANCIAL OFFICER, APPOINTMENT OF CHIEF FINANCIAL OFFICER AND CHANGE OF COMPANY SECRETARY AND AUTHORISED REPRESENTATIVE

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Colour Life Services Group Co., Limited

彩 生 活 服 務 集 團 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1778)

RESIGNATION OF EXECUTIVE DIRECTOR AND CHIEF FINANCIAL OFFICER,

APPOINTMENT OF CHIEF FINANCIAL OFFICER AND

CHANGE OF COMPANY SECRETARY AND AUTHORISED REPRESENTATIVE

The board of directors (the ''Board'') of Colour Life Services Group Co., Ltd. (the ''Company'', together with its subsidiaries, the ''Group'') announces the following changes to the management of the Group:

RESIGNATION OF EXECUTIVE DIRECTOR AND CHIEF FINANCIAL OFFICER AND APPOINTMENT OF CHIEF STRATEGY OFFICER

Mr. Zhou Qinwei (''Mr. Zhou'') has resigned as an executive director and the chief financial officer of the Company with effect from 25 July 2016 to take up his new appointment as the chief strategy officer of the Company. In his new position as chief strategy officer, Mr. Zhou will be responsible for the development of the Group's corporate strategy and its implementation, corporate funding planning and execution, and investment management of the Group.

Mr. Zhou has confirmed that he has no disagreement with the Board and there is no other matter in relation to his resignation that needs to be brought to the attention of the shareholders of the Company.

APPOINTMENT OF CHIEF FINANCIAL OFFICER

Mr. Liu Chang (''Mr. Liu'') will be appointed as the chief financial officer of the Company with effect from 25 July 2016.

Mr. Liu joined the Group in 1 June 2016 and has been responsible for the financial management matters of the Group. Mr. Liu has approximately 15 years' experience in financial management. Prior to joining the Group, he was the financial director of Shenzhen

Noposion Agrochemicals Co. Ltd. (stock code: 002215) from April 2015 to May 2016, where he was primarily responsible for the corporate financial management of that company. From November 2009 to April 2015, Mr. Liu was an assistant to the executive president of GCL-Poly Energy Holdings Limited (stock code: 3800), where he was primarily responsible for the strategic control and management of the group as well as its capital operation. From November 2004 to November 2009, Mr. Liu worked in Huawei Technologies Co. Ltd., where he was primarily responsible for regional financial management in Latin America and Southeast Asia respectively. From July 2001 to November 2004, Mr. Liu was a budget supervisor of Kingdee International Software Group Company Limited (stock code: 0268), where he was primarily responsible for the annual budget of the group.

Mr. Liu graduated from Xi'an Jiaotong University with a bachelor degree in Economics in July 2001, and then obtained the qualification of the Association of International Accountants (AIA) and became a member of Institute of Public Accountants, Australia (MIPA).

CHANGE OF COMPANY SECRETARY AND AUTHORISED REPRESENTATIVE

Ms. Cheng Pik Yuk has tendered her resignation as the company secretary of the Company (the ''Company Secretary'') and an authorised representative of the Company (the ''Authorised Representative'') under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited with effect from 25 July 2016.

Ms. Chak Wai Ting (''Ms. Chak'') will be appointed as the Company Secretary and an Authorised Representative of the Company with effect from 25 July 2016. She holds a Bachelor of Business Administration degree in Corporate Administration from The Open University of Hong Kong. Ms. Chak is an associate member of The Hong Kong Institute of Chartered Secretaries and The Institute of Chartered Secretaries and Administrators in the United Kingdom. She has extensive experience in corporate governance and company secretarial matters.

The Board would like to take this opportunity to express its gratitude to Mr. Zhou and Ms. Cheng for their valuable efforts and contributions to the Company during their tenure of service and welcome Mr. Liu and Ms. Chak on their new appointment.

By Order of the Board

Colour Life Services Group Co., Limited

彩生活服務集團有限公司

TANG Xuebin

Executive Director and Chief Executive Officer

Hong Kong, 24 July 2016

As at the date of this notice, the board of directors of the Company comprises Mr. TANG Xuebin, Mr. DONG Dong and Mr. ZHOU Qinwei as executive directors; Mr. PAN Jun, Mr. LAM Kam Tong and Mr. ZHOU Hongyi as non-executive directors; and Mr. TAM Chun Hung, Anthony, Dr. LIAO Jianwen and Mr. XU Xinmin as independent non-executive directors.