Archosaur Games Inc. — Capital/Financing Update 2021

Jan 14, 2021

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

ARCHOSAUR GAMES INC. 祖龍娛樂有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 9990)

VOLUNTARY ANNOUNCEMENT LOCK-UP UNDERTAKING FROM THE CONTROLLING SHAREHOLDERS

This announcement is made by Archosaur Games Inc. (the “ Company ”) on a voluntary basis to inform its shareholders and potential investors about an extension of lock-up undertaking given by its controlling shareholders (as defined in the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “ Listing Rules ”)).

At the time of the listing of the ordinary shares of the Company (the “ Shares ”) on The Stock Exchange of Hong Kong Limited on 15 July 2020, each of the controlling shareholders (the “ Controlling Shareholders ”) of the Company, namely, Cresc Chorus Limited, Mr. Li Qing, LuckQ Technology Limited, Mr. Zhang Yu, ZY Technology Limited, Mr. Xiang Nan, XNZL Limited, Mr. Bai Wei and Wade Data Services Limited, has given a lock-up undertaking whereby it/he would not dispose of, or enter into any agreement to dispose of, or otherwise create any options, rights, interests or encumbrances in respect of, any of those securities of the Company in respect of which it/he is shown by the prospectus of the Company dated 30 June 2020 (the “ Lock-up Shares ”) to be the beneficial owner in accordance with Rule 10.07(1)(a) of the Listing Rules (the “ Lock-up Undertaking ”). Accordingly, the number of the Lock-up Shares is 278,329,802 Shares, which represents approximately 34.13% of the total number of issued Shares as at the date of this announcement. Such Lock-up Undertaking will expire on 15 January 2021.

For the purpose of expressing confidence in the long-term value of the Company, each of the Controlling Shareholders has signed a letter of undertaking on 14 January 2021 to undertake (the “ Undertaking ”) to extend the Lock-up Undertaking on a voluntary basis for a further period of 180 days commencing from 15 January 2021.

Shareholders of the Company and potential investors are advised to exercise caution when dealing in the Shares.

By order of the Board Archosaur Games Inc. Mr. Li Qing Chairman and Executive Director

Beijing, China, 15 January 2021

As at the date of this announcement, the board of directors of the Company comprises Mr. Li Qing as Chairman and executive director, Mr. Bai Wei as executive director, Ms. Liu Ming and Mr. Lu Xiaoyin as non-executive directors, and Mr. Ge Xuan, Mr. Zhu Lin and Mr. Ding Zhiping as independent non-executive directors.