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NEPTUNE GROUP LIMITED 海王國際集團有限公司 (Incorporated in Hong Kong with limited liability) (Stock Code: 00070)

APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR AND MEMBER OF THE AUDIT COMMITTEE

Reference is made to the Company’s announcement dated 10 March 2015 in relation to the resignation of the independent non-executive director of the Company.

The Board announces that Mr. Chow, Chung Lam Louis (“Mr. Chow”) has been appointed as an independent non-executive Director and a member of the audit committee of the Board with effect from 27 March 2015.

Mr. Chow, aged 61, is currently engaged to a property under development in Hainan province, China which will provide premium residential towers and hotel components offering an array of the best-in-class ancillary commercial facilities and accommodation. Mr. Chow has devoted his career in the hospitality industry in Mainland China, Saudi Arabia and Hong Kong on both multi-unit corporate and single unit hotel general management level. He has worked for various top notch branded hotels including China Hotel, City garden Hotel, Shangri-La Hotel, New World Hotel, Regent Hotel, YMCA of Hong Kong, Piazza Dinner Theatre and Hong Kong Football Club with profound experience in food and beverage and hotel management.

Mr. Chow has not held any directorship in other listed companies in the last three years. He does not have any relationship with any directors, senior management, substantial or controlling shareholders of the Company. There is no service contract entered into between the Company and Mr. Chow. He has no fixed term of service with the Company. He will hold office until the next following annual general meeting of the Company and will be subject to retirement by rotation and re-election in accordance with the Articles of Association of the Company.

Mr. Chow is entitled to a director’s fee of HK$60,000 per annum which is recommended by the remuneration committee of the Company and be determined by the Board with reference to his duties and responsibilities within the Company, the Company’s remuneration policy and the prevailing market conditions.

As at the date of hereof, Mr. Chow does not have any interests in the securities of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

1 Save as disclosed above, Mr. Chow and the Company are not aware of any matter in relation to the appointment of Mr. Chow that are required to be disclosed pursuant to Rule 13.51(2)(h) to (v) of the Rules Governing the Listing of Securities of The Stock Exchange of Hong Kong Limited and any other matter that needs to be brought to the attention of the shareholders of the Company.

The Board would like to express its warm welcome to Mr. Chow on his appointment.

By Order of the Board Neptune Group Limited Chan Shiu Kwong Stephen Company Secretary

Hong Kong, 27 March 2015

As at the date of this announcement, the Board of the Company comprises Mr. Danny Xuda Huang (Chairman), Mr. Nicholas J. Niglio, Mr. Chan Shiu Kwong, Stephen and Mr. Lin Chuen Chow, Andy (all being executive Directors), three Independent Non-Executive Directors, being Mr. Cheung Yat Hung, Alton, Mr. Yue Fu Wing and Mr. Chow, Chung Lam Louis.

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