China Information Technology Development Limited — Capital/Financing Update 2019

Jun 21, 2019

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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(Incorporated in the Cayman Islands with limited liability) (Stock Code: 8178)

GRANT OF SHARE OPTIONS

This announcement is made pursuant to Rule 23.06A of the Rules Governing the Listing of Securities on the GEM of The Stock Exchange of Hong Kong Limited (the “ GEM Listing Rules ”).

The board (the “ Board ”) of directors (the “ Directors ”) of China Information Technology Development Limited (the “ Company ”) hereby announces that the Board had resolved to grant an aggregate of 217,056,000 share options (the “ Options ”) to the grantees (the “ Grantees ”) of the Company on 21 June 2019 (the “ Date of Grant ”), to subscribe, in aggregate, for up to 217,056,000 ordinary shares (each a “ Share ”) of HK$0.1 each in the share capital of the Company subject to acceptance of the Grantees, under the share option scheme (the “ Share Option Scheme ”) adopted by the Company on 2 August 2012 and the payment of HK$1.00 by each of the Grantees upon acceptance of the Options.

Details of the Options granted are set out below:

Date of Grant : 21 June 2019 Exercise price : HK$0.100 per Share, representing the highest of (i) the closing price of HK$0.090 per Share as stated in the daily quotations sheets issued by the Stock Exchange on the Date of Grant; (ii) the average closing price of HK$0.093 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) HK$0.100, being the nominal value of a Share

Number of Options granted : 217,056,000 Options (each Option shall entitle the Grantees to subscribe for one Share)

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Closing price of the Shares on : HK$0.090 per Share the Date of Grant

The average closing price of : HK$0.093 per Share the Shares as quoted on the Stock Exchange for the five business days immediately preceding the Date of Grant

Validity period of the Options : Subject to the Share Option Scheme, the Options are valid and exercisable in whole or in parts from the date of acceptance of the Options to ten (10) years from Date of Grant

To the best knowledge, information and belief of the Directors, having made all reasonable enquiries, none of the Grantees is a director of the Company, chief executive or substantial shareholder of the Company, or any of their respective associates (as defined in the GEM Listing Rules) as at the date of this announcement. Among the total of 217,056,000 Options, 60,048,000 Options were granted to the employees of the Company and the remaining 157,008,000 Options were granted to the consultants of the Company.

By order of the Board China Information Technology Development Limited Wong King Shiu, Daniel Executive Director

Hong Kong, 21 June 2019

As of the date of this announcement, the Board comprises Mr. Wong Kui Shing, Danny (Chairman and Chief Executive Officer), Mr. Tse Chi Wai, Mr. Takashi Togo, Mr. Wong King Shiu, Daniel and Mr. Chan Kai Leung as executive Directors; Mr. Wong Chi Yung as non-executive Director; Mr. Hung Hing Man, Mr. Wong Hoi Kuen and Dr. Chen Shengrong as independent non-executive Directors.

This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on the GEM of The Stock Exchange of Hong Kong Limited for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that to the best of their knowledge and belief the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading.

This announcement will be available on the Company’s website http://www.citd.com.hk and will remain on the “Latest Company Announcement” page on the GEM website at http://www.hkgem.com for at least 7 days from the date of its posting.

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