Fufeng Group Limited — Share Issue/Capital Change 2017

Aug 25, 2017

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Fufeng Group Limited 阜豐集團有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 546)

GRANT OF SHARE OPTIONS

This announcement is made pursuant to Rule 17.06A of the Rules Governing the Listing Securities on The Stock Exchange of Hong Kong Limited (“Listing Rules”). The board of directors (“Board”) of Fufeng Group Limited (the “Company”) announces that on 25 August 2017, the Company has resolved to grant 5,000,000 share options (“Share Options”) to subscribe for ordinary shares of HK$0.1 each (“Shares”) of the Company, subject to acceptance of the grantee who is an employee of the Company under the Company’s new share options scheme adopted on 12 May 2017. The following are the details of the Share Options granted:

Date of Grant:

25 August 2017

Exercise price of Share Options granted:

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$4.96 per Share

Number of Share Options granted:

5,000,000 Share Options

Closing price of the Shares on HK$4.95 per Share [(note)] date of grant:

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Validity period of the Share Options:

The Share Option may be exercised within four years from the expiry of two years from 25 August 2017, provided that the maximum number of Shares which the grantees are entitled to subscribe shall not exceed (a) 25% of the total number of Shares subject to the Share Option during the first year of such four-year period; (b) 50% of the total number of Shares subject to the Share Option during the second year of such four-year period (which shall take into account the Shares subscribed in the previous year pursuant to the exercise of the Share Option); (c) 75% of the total number of Shares subject to the Share Option during the third year of such four-year period (which shall take into account the Shares subscribed in the previous two years pursuant to the exercise of the Share Option); and (d) the total number of Shares subject to the Share Option during the last year of such four-year period (to the extent that the Share Option has not been exercised in full in the previous three years).

The grantee of the Share Options is not a director, chief executive or substantial shareholder of the Company, nor an associate (as defined under the Listing Rules) of any of them.

Note: the exercise price is more than the highest of (i) the closing price of HK$4.95 per Share as stated in the daily quotations sheet issued by the Stock Exchange on 25 August 2017 (that is, the date of grant); (ii) the average closing price of HK$4.64 per Share as stated in the daily quotations sheet issued by the Stock Exchange for the 5 business days immediately preceding 25 August 2017; and (iii) the nominal value of the Share.

By order of the Board Fufeng Group Limited Li Xuechun Chairman

Shandong, the PRC 25 August 2017

As at the date of this announcement, the executive directors of the Company are Mr. Li Xuechun, Mr. Zhao Qiang, Mr. Li Deheng, Mr. Pan Yuehong and Mr. Li Guangyu and the independent non-executive directors of the Company are Mr. Sun Yu Guo, Mr. Qi Qing Zhong and Ms. Zheng Yu.

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