Capital VC Limited — Capital/Financing Update 2021

Feb 16, 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.

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Capital VC Limited 首都創投有限公司

(Incorporated in the Cayman Islands with limited liability and carrying on business in Hong Kong as CNI VC Limited) (Stock Code: 02324)

GRANT OF SHARE OPTIONS

This announcement is made pursuant to Rule 17.06A of the Rules (the “ Listing Rules ”) Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “ Stock Exchange ”).

GRANT OF SHARE OPTIONS

The board (the “ Board ”) of directors (the “ Director(s) ”) of Capital VC Limited (the “ Company ”) announces that on 16 February 2021 (the “ Date of Grant ”), the Company granted a total of 27,440,000 share options (the “ Share Options ”) to certain Directors and employees of the Company and its subsidiaries (collectively, the “ Grantees ”), in accordance with the share option scheme (the “ Share Option Scheme ”) of the Company adopted on 10 December 2013, subject to acceptance by the Grantees. The Share Options entitle the Grantees to subscribe for a total of 27,440,000 new ordinary shares of HK$0.25 each in the capital of the Company (the “ Share(s) ”). Details of the Share Options are set out below:

Date of Grant : 16 February 2021 Exercise price of : HK$0.25 per Share (which is the highest of: (i) the closing Share Options granted price of HK$0.23 per Share as stated in the daily quotation sheets issued by the Stock Exchange on the Date of Grant; (ii) the average closing price of HK$0.236 per Share as stated in the daily quotation sheets issued by the Stock Exchange for the five business days immediately preceding the Date of Grant; and (iii) the nominal value of the Share i.e. HK$0.25) Number of Share : 27,440,000 Share Options (each Share Option will entitle the Options granted holder of the Share Option to subscribe for one new Share)

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Closing price of the Shares : HK$0.23 per Share on the Date of Grant Validity period of the Share : The Share Options shall be exercisable during the period Options granted from 16 February 2021 to 15 February 2024, both days inclusive Consideration for the grant : HK$1.00 to be paid by each Grantee upon acceptance of the Share Options

Among the total of 27,440,000 Share Options granted, 6,860,000 Share Options were granted to the following Directors:

Name of DirectorsCapacityMr. Chan Cheong YeeExecutive DirectorMr. Kong FanpengExecutive DirectorTotal	Number ofShare Optionsgranted3,430,0003,430,0006,860,000

Save as disclosed above, none of the Grantees is a Director, chief executive or substantial shareholders of the Company, or any of their respective associate(s) (as defined in the Listing Rules). The grant of the Share Options to each of Mr. Chan Cheong Yee and Mr. Kong Fanpeng was approved by independent non-executive Directors.

By Order of the Board Capital VC Limited Chan Cheong Yee Executive Director

Hong Kong, 16 February 2021

As at the date of this announcement, the Board comprises Mr. Kong Fanpeng and Mr. Chan Cheong Yee as executive directors; and Mr. Lee Ming Gin, Ms. Lai Fun Yin and Mr. Cheung Wai Kin as independent non-executive directors.

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