China Frontier Technology Group — Capital/Financing Update 2018

Jul 5, 2018

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the content 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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WISDOM SPORTS GROUP 智美體育集團

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 1661)

VOLUNTARY ANNOUNCEMENT INVESTMENT IN WISDOM SPORTS ARENA OPERATION (SHENZHEN) CO., LTD. BY WAY OF CAPITAL INCREASE

This announcement is made by Wisdom Sports Group (the “ Company ”, together with its subsidiaries, the “ Group ”) on a voluntary basis to keep its shareholders and potential investors informed of the latest business development of the Group.

The Company is pleased to announce that Shenzhen Wisdom Sports Industry Co., Ltd. (“ Shenzhen Wisdom ”), a wholly-owned subsidiary of the Company, signed an investment agreement with Beijing Sports and Entertainment Industry Group Limited (“ Beijing Sports Group ”) on 2 July 2018, pursuant to which a joint investment will be made in Wisdom Sports Arena Operation (Shenzhen) Co., Ltd. (the “ Arena Company ”). Upon the completion of the investment, Shenzhen Wisdom and Beijing Sports Group will hold 40% and 50% of the equity interest in the Arena Company, respectively. The remaining 10% of the equity interest in the Arena Company will continue to be held by the management of its company.

The initiative marks the dedication of the two leading corporations of the sports industry in China to making overall plans for integrated arenas and operating them in first-tier cities within the country, and allowing a seamless linkage between the capital and the brand to be realized through complementary advantages and resource integration, thereby expanding the “Hundred Cities, Thousand Arenas Program”. It is expected that by 2022, an achievement of having a coverage of thousands of arenas within the country will be made, so that the core mode of constructing, operating and maintaining sports facilities in China can be established, serving the middle-class sports consumer population which consists of 80 million to 0.1 billion people.

Meanwhile, with the aid of technologies such as big data, by integrating the operation of big data, we can establish national fitness centers that are innovative, standardized, intellectual and personalized, establish national exercise and health care platforms, putting through the upstream and the

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downstream of the national health care industry chain, strengthen the integration between the sports industry and various industries, provide consumer auxiliary services, and ultimately speed up the upgrading of sports consumption, surrounding the themes of national fitness and national health.

By Order of the Board Wisdom Sports Group Ren Wen

Chairlady and Executive Director

Hong Kong, 5 July 2018

As at the date of this announcement, the executive directors of the Company are Ms. Ren Wen, Mr. Zhang Han, Mr. Song Hongfei and Ms. Hao Bin; and the independent non-executive directors of the Company are Mr. Chen Zhijian, Mr. Ip Kwok On Sammy and Mr. Jin Guoqiang.

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