Dawnrays Pharmaceutical (Holdings) Limited — Share Issue/Capital Change 2021

Mar 31, 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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DAWNRAYS PHARMACEUTICAL (HOLDINGS) LIMITED 東瑞製葯(控股)有限公司 [*]

(Incorporated in the Cayman Islands with limited liability) (Stock Code: 2348)

GRANT OF OPTIONS

This announcement is made pursuant to Rule 17.06A of the Listing Rules.

The Board hereby announces that on 31 March 2021, it has resolved to grant an employee of the Group a total of 3,000,000 Options to subscribe for 3,000,000 Shares (representing approximately 0.2% of the total issued share capital of the Company as at the date of this announcement), subject to his acceptance.

Principal terms of the grant of Options to grantee are set out below:

Date of grant of the : 31 March 2021 Options Number of the : 3,000,000 Options Options granted Exercise price : HK$1.47 per Share, which represents the highest of :

(i) the closing price of HK$1.47 per Share as stated in the daily quotations sheet of the Stock Exchange on 31 March 2021;

(ii) the average closing price of HK$1.372 per Share as stated in the daily quotations sheets of the Stock Exchange for five business days immediately preceding 31 March 2021; and (iii) the nominal value of HK$0.05 per Share

• *for identification purpose

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Exercise period	:	Number of Options	Exercise period
		600,000	From 31 March 2022 to 30 March
			2027 (both dates inclusive)
		600,000	From 31 March 2023 to 30 March
			2027 (both dates inclusive)
		600,000	From 31 March 2024 to 30 March
			2027 (both dates inclusive)
		600,000	From 31 March 2025 to 30 March
			2027 (both dates inclusive)
		600,000	From 31 March 2026 to 30 March
			2027 (both dates inclusive)

If any Option(s) is/are not exercised within the relevant exercise periods set out above, such Option(s) lapse upon the expiry of the relevant exercise period.

The grantee of the above-mentioned Options is neither a director, nor a chief executive officer, nor a substantial shareholder of the Company, nor an associate (as defined under the Listing Rules) of any of them.

DEFINITIONS

In this announcement, unless the context otherwise requires, the following terms or expressions shall have the meanings set out below:

“Board”	the board of directors of the Company;
“Company”	Dawnrays Pharmaceutical (Holdings) Limited, a
	company incorporated in the Cayman Islands with
	limited liability and the shares of which are listed on
	the Stock Exchange;
“Director(s)”	the director(s) of the Company;
“Group”	the Company and its subsidiaries;
“HK$”	Hong Kong dollars, the lawful currency of Hong Kong;
“Hong Kong”	the Hong Kong Special Administrative Region of the
	People’s Republic of China;

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“Listing Rules” the Rules Governing the Listing of Securities on the Stock Exchange; “Options” share options granted or to be granted to subscribe for Shares pursuant to the 2013 Share Option Scheme; “2013 Share Option Scheme” the share option scheme adopted by the Company on 21 June 2013; “Share(s)” ordinary share(s) of HK$0.05 each in the share capital of the Company; “Stock Exchange” The Stock Exchange of Hong Kong Limited; and

“%” per cent.

By Order of the Board of Dawnrays Pharmaceutical (Holdings) Limited Li Kei Ling Chairman

Hong Kong, 31 March 2021

As at the date of this announcement, the Board of the Company comprises three executive directors, namely Ms. Li Kei Ling, Mr. Hung Yung Lai and Mr. Chen Shaojun; one nonexecutive director, namely Mr. Leung Hong Man; three independent non-executive directors, namely Mr. Lo Tung Sing Tony, Mr. Ede, Ronald Hao X i and Ms. Lam Ming Yee Joan.

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