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

Jun 15, 2018

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.

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 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’’). The board (the ‘‘Board’’) of directors (the ‘‘Directors’’) of Comtec Solar Systems Group Limited (the ‘‘Company’’) hereby announces that on 15 June 2018 (the ‘‘Date of Grant’’), 21,986,175 share options (the ‘‘Share Options’’) to subscribe for the ordinary shares of HK$0.001 each in the share capital of the Company (the ‘‘Shares’’) were granted, subject to acceptance of the grantees (the ‘‘Grantees’’), under the share option scheme adopted by the Company on 2 October 2009. The details of the Share Options granted are as follows:

Each Share Option shall entitle the holder of the Share Option to subscribe for one Share upon exercise of such Share Option at an exercise price of HK$0.151 per Share, which represents the highest of (1) the nominal value of a Share; (2) the closing price of HK$0.146 per Share as stated in the daily quotation sheets issued by the Stock Exchange on the Date of Grant; and (3) the average closing price of HK$0.151 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.

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The Share Options granted shall vest in the proposed Grantees in accordance with the timetable below, each with an exercise period commencing from the relevant Vesting Date and ending 10 years after the Date of Grant (for this purpose, the date or each such date on which the Share Options are to vest being hereinafter referred to as a ‘‘Vesting Date’’):

Out of the 21,986,175 Share Options granted, 16,686,175 Share Options shall be subject to a vesting schedule as follows:

Vesting Date

Percentage of Share Options to vest

• 15 June 2018 50% of the total number of Share Options granted 15 September 2018 12.5% of the total number of Share Options granted 15 December 2018 12.5% of the total number of Share Options granted 15 March 2019 12.5% of the total number of Share Options granted 15 June 2019 12.5% of the total number of Share Options granted

Out of the 21,986,175 Share Options granted, 5,300,000 Share Options shall be subject to a vesting schedule as follows:

Vesting Date

Percentage of Share Options to vest

• 15 September 2018 12.5% of the total number of Share Options granted 15 December 2018 12.5% of the total number of Share Options granted 15 March 2019 12.5% of the total number of Share Options granted 15 June 2019 12.5% of the total number of Share Options granted 15 September 2019 12.5% of the total number of Share Options granted 15 December 2019 12.5% of the total number of Share Options granted 15 March 2020 12.5% of the total number of Share Options granted 15 June 2020 12.5% of the total number of Share Options granted

None of the Grantees is a Director, chief executive or substantial shareholder of the Company, or their respective associates (as defined in the Listing Rules).

By Order of the Board Comtec Solar Systems Group Limited John Yi ZHANG Chairman

Shanghai, the People’s Republic of China, 15 June 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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