Futong Technology Development Holdings Limited — Share Issue/Capital Change 2011

Jun 15, 2011

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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Futong Technology Development Holdings Limited 富通科技發展控股有限公司

(incorporated in the Cayman Islands with limited liability)

(Stock code: 465)

GRANT OF SHARE OPTIONS

This announcement is made pursuant to Rule 17.06A of the 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 Futong Technology Development Holdings Limited (the “Company”) announces that on 15 June 2011, a total of 1,900,000 share options (the “Share Options”) to subscribe for shares of HK$0.10 each in the capital of the Company (the “Shares”) were granted by the Company to the independent non-executive Directors and eligible employees of the Company (collectively, the “Grantees”), subject to acceptance of the Grantees, under the Company’s share option scheme adopted by the Company on 11 November 2009. A summary of the grant is set out below:

Date of grant : 15 June 2011 Number of Share Options granted : 1,900,000 Exercise price of Share Options : HK$1.81 per Share, which represents the highest of (i) the closing price of HK$1.80 per Share as stated in the daily quotation sheet of the Stock Exchange on 15 June 2011, being the date of grant; (ii) the average closing price of HK$1.81 per Share as stated in the daily quotation sheets of the Stock Exchange for the five trading days immediately preceding the date of grant; and (iii) nominal value of the Share, being HK$0.10. Closing price of the Shares : HK$1.80 on the date of grant Validity period of the Share Options : Ten (10) years, commencing on 15 June 2011 Vesting date of Share Options : 100% of the Share Options granted will vest on 15 December 2011 granted to independent non-executive Directors

Vesting date of Share Options : 30%, 30% and 40% of the Share Options granted will vest on each granted to eligible employees of 15 December 2011, 15 December 2012 and 15 December 2013, of the Company respectively

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Among the Share Options granted above, Share Options to subscribe for an aggregate of 900,000 Shares were granted to the independent non-executive Directors, details of which are as follows:

		Number of Share
Name of the Grantees	Relationship with the Company	Options granted
Mr. Lee Kwan Hung	Independent non-executive Director	300,000
Mr. Ho Pak Tai Patrick	Independent non-executive Director	300,000
Mr. Yuan Bo	Independent non-executive Director	300,000

The grant of the Share Options to each of the independent non-executive Directors as mentioned above has been approved by the other two independent non-executive Directors who are not the grantees of the Share Options concerned.

For the avoidance of doubt, none of the 1,900,000 Share Options referred to herein was granted to the directors, chief executive or substantial shareholders of the Company.

For and on behalf of the Board

Futong Technology Development Holdings Limited Chen Jian Chairman

Hong Kong, 15 June 2011

As at the date of this announcement, the executive Directors are Mr. Chen Jian, Ms. Zhang Yun and Mr. Guan Tao; and the independent non-executive Directors are Mr. Lee Kwan Hung, Mr. Yuan Bo and Mr. Ho Pak Tai Patrick.

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