Future Data Group Limited — Capital/Financing Update 2023

Oct 25, 2023

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.

This announcement is for information purpose only and does not constitute an invitation or offer to acquire, purchase or subscribe for any securities of the Company.

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FUTURE DATA GROUP LIMITED 未來數據集團有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 8229)

COMPLETION OF SUBSCRIPTION OF NEW SHARES UNDER GENERAL MANDATE

Reference is made to the announcement of Future Data Group Limited (the “ Company ”) dated 12 October 2023 (the “ Announcement ”) in relation to the subscription of new shares under general mandate. Unless the context requires otherwise, capitalised terms used in this announcement shall have the same meaning as those defined in the Announcement.

COMPLETION OF THE SUBSCRIPTION

The Board is pleased to announce that the Conditions set out in the Subscription Agreement have been fulfilled and completion of the Placing (“ Completion ”) took place on 25 October 2023.

The 675,000 Subscription Shares represent approximately 0.12% of the existing issued share capital of the Company immediately before Completion and approximately 0.12% of the issued share capital of the Company as enlarged by the allotment and issue of the Subscription Shares immediately upon Completion.

The net proceeds from the Subscription (after deduction of commission and other expenses of the Subscription) amounted to approximately HK$480,000, are currently intended to be applied as general working capital of the Company.

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EFFECTS ON SHAREHOLDING STRUCTURE OF THE COMPANY

The shareholding structure of the Company (i) immediately before Completion; and (ii) immediately upon Completion and as at the date of this announcement is as follows:

Gorgeous Real InvestmentHolding Limited_(Notes 2, 4)Variant Wealth InvestmentDevelopment Limited(Notes 3, 4)Mr. Tao Guolin(Notes 3, 4)Mr. Tao Jian(Note 4)LiquidTech Limited(Note 5)_The SubscriberPublic ShareholdersTotalNotes:	Immediatelybefore CompletionNumber ofSharesApprox. %(Note 1)192,411,75035.2450,000,0009.1622,917,3274.2020,000,0003.6614,000,0002.56––246,675,92345.18546,005,000100.00	Immediatelyupon Completion andas at the date ofthis announcementNumber ofSharesApprox. %(Note 1)192,411,75035.2050,000,0009.1522,917,3274.1920,000,0003.6614,000,0002.56675,0000.12246,675,92345.12546,680,000100.00

1. The above percentage figures are subject to rounding adjustments. Accordingly, figures shown as totals may not be an arithmetic aggregation of the figures preceding them.

2. Gorgeous Real Investment Holding Limited is beneficially and wholly owned by Ms. Tao Hongxia, an executive Director and the chairlady of the Board.

3. Variant Wealth Investment Development Limited is beneficially and wholly owned by Mr. Tao Guolin, an executive Director.

4. Mr. Tao Jian is the brother of Ms. Tao Hongxia (an executive Director and the chairlady of the Board) and Mr. Tao Guolin (an executive Director).

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1. LiquidTech Limited was at the material times wholly owned by Asia Media Systems Pte. Ltd. (“ AMS ”) which in turn was owned by Mr. Suh Seung Hyun (“ Mr. Suh ”), Mr. Lee Seung Han (“ Mr. Lee ”), Mr. Phung Nhuong Giang (“ Mr. Phung ”), Mr. Park Hyeoung Jin, Mr. Lee Sung Gue, Mr. Lee Je Eun and Ms. Marilyn Tang as to approximately 25.34%, 22.71%, 18.14%, 14.03%, 14.03%, 3.40% and 2.35%, respectively. Ms. Marilyn Tang was the owner of approximately 2.35% of the issued shares of AMS and the spouse of Mr. Phung. As such, Mr. Phung was deemed to be interested in all the Shares in which Ms. Marilyn Tang was interested under Part XV of the SFO. Mr. Lee was at the material time an executive director of the Company whereas each of Mr. Suh and Mr. Phung was executive director of the Company who had resigned from such position with effect from 31 October 2022.

By order of the Board of Future Data Group Limited Tao Hongxia Chairlady and Executive Director

Hong Kong, 25 October 2023

As at the date of this announcement, the executive Directors are Ms. Tao Hongxia, Mr. Lee Seung Han, Mr. Tao Guolin and Mr. Cheung Ting Pong; and the independent non-executive Directors are Mr. Chan Kin Ming, Mr. Lam Chi Cheung Albert and Mr. Leung Louis Ho Ming.

This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the GEM Listing Rules for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that to the best of their knowledge and belief the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading.

This announcement will remain on the “Latest Listed Company Information” page of the website of the Stock Exchange at www.hkexnews.hk for at least seven days from the day of its publication. This announcement will also be published on the Company’s website at www.futuredatagroup.com.

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