Comtec Solar Systems Group Limited — Share Issue/Capital Change 2018

Oct 29, 2018

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卡姆丹克太陽能系統集團有限公司 Comtec Solar Systems Group Limited (Incorporated in the Cayman Islands with limited liability) (Stock code: 712)

ANNOUNCEMENT

PROPOSED ADOPTION OF NEW SHARE OPTION SCHEME

Comtec Solar Systems Group Limited (the ‘‘Company’’) is pleased to announce that, on 29 October 2018, the board of directors (the ‘‘Board’’) has resolved to propose the adoption of a new share option scheme (the ‘‘New Share Option Scheme’’) for the approval by the shareholders of the Company (the ‘‘Shareholders’’).

The existing share option scheme was adopted by the Company on 2 October 2009 and is valid for a period of 10 years from the date of its adoption. Therefore, the existing share option scheme will expire after 1 October 2019.

In view of (i) the scheme mandate limit of the existing share option scheme had been reached; and (ii) the existing share option scheme is going to expire in less than one year, the Board proposes to adopt the New Share Option Scheme in order to provide the Company with the flexibility of granting share options to selected eligible persons as incentives or rewards for their contribution or potential contribution to the Group.

The New Share Option Scheme will constitute a share option scheme under Chapter 17 of the Listing Rules.

The Board will convene a general meeting for the purpose of seeking the approval from the Shareholders for the adoption of the New Share Option Scheme.

A circular containing, among other things, details of the New Share Option Scheme and a notice convening the general meeting will be despatched to the Shareholders in accordance with the requirements of the Listing Rules in due course.

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The adoption of the New Share Option Scheme is conditional upon (i) the passing of an ordinary resolution by the Shareholders approving the adoption of the New Share Option Scheme; and (ii) the Stock Exchange granting the listing of, and permission to deal in, the Shares which may be issued pursuant to the exercise of options which may be granted under the New Share Option Scheme.

As the New Share Option Scheme remains subject to the approval of the Shareholders and the Stock Exchange, Shareholders and potential investors of the Company are advised to exercise caution when dealing in the Company ’ s securities.

By order of the Board of Comtec Solar Systems Group Limited John Yi Zhang Chairman

Shanghai, the People’s Republic of China, 29 October 2018

As at the date of this announcement, the executive Directors are Mr. John Yi Zhang, Mr. Zhang Zhen and Mr. Chau Kwok Keung, the non-executive Director is Mr. Wang Yixin, and the independent non-executive Directors are Mr. Leung Ming Shu, Mr. Kang Sun and Mr. Xu Erming.

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