Future Machine Limited — Board/Management Information 2021

Jun 1, 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.

SPROCOMM INTELLIGENCE LIMITED

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1401)

APPOINTMENT OF EXECUTIVE DIRECTOR AND RESIGNATION OF EXECUTIVE DIRECTOR

The Board would like to announce the following changes in the directorship of the Company, both with effect from 1 June 2021:

• (i) Mr. WEN has been appointed as an executive director of the Company; and

• (ii) Mr. LI has resigned as an executive director of the Company.

CHANGES IN THE COMPOSITION OF THE BOARD

The board of directors (the “ Board ”) of Sprocomm Intelligence Limited (the “ Company ”, together with its subsidiaries, collectively the “ Group ”) would like to announce the following changes in the directorship of the Company, both with effect from 1 June 2021:

• (i) Mr. WEN Chuanchuan (“ Mr. WEN ”) has been appointed as an executive director of the Company; and

• (ii) Mr. LI Hongxing (“ Mr. LI ”) has resigned as an executive director of the Company.

APPOINTMENT OF EXECUTIVE DIRECTOR

Mr. WEN has been appointed as an executive director of the Company with effect from 1 June 2021.

Mr. WEN, aged 35, graduated from the Northwest A&F University (西北農林科技大學) with a bachelor’s degree of management majoring in electronic commerce in the People’s Republic of China (the “ PRC ”) in July 2008. In June 2011, Mr. WEN graduated from the Xi’an Jiaotong University* (西安交通大學管理學院) and obtained a master’s degree of engineering majoring in industrial engineering.

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Prior to Mr. WEN’s appointment as an executive director of the Company, he is a member of the senior management of the Company. Mr. WEN is currently the head of production of the Company. Since 21 September 2016, Mr. WEN has been serving as the director of the manufacturing centre of Shenzhen Sprocomm Telecommunication Technology Co., Ltd.* (深圳禾苗通信科技有限公司), a company established under the laws of the PRC and an indirect wholly-owned subsidiary of the Company, and has been responsible for supervising the operation of the production plants of the Group. He is also currently (i) the director of Luzhou Sprocomm Telecommunication Technology Co., Ltd.* (瀘州禾苗通信科技有限公 司), formerly known as Luzhou Sipukang Technology Co., Ltd.* (瀘州思普康科技有限公司), a company established under the laws of the PRC and an indirect wholly-owned subsidiary of the Company; and (ii) the general manager of Chengdu Sprocomm Cloud Technology Co., Ltd.* (成都禾苗雲科技有限公司), a company established under the laws of the PRC and an indirect non-wholly-owned subsidiary of the Company.

Prior to joining the Group, Mr. WEN worked as an assistant engineer of Huawei Machine Company Limited* (華為機器有限公司), a company principally engaged in research, development, manufacturing and sales of communication products from July 2011 to October 2014, where he was mainly responsible for reviewing the manufacturing plan and leading trial verification for new smartphone products. Mr. WEN served as a director of the assembly plant of Shenzhen Andao Yunke Company Limited* (深圳安道雲科股份有限公司), a company principally engaged in development and manufacturing of smart terminals, capacitive touch screens, machine assembly, metal and glass components and mobile phone accessories from November 2014 to September 2016, where he was responsible for the establishment of machine assembly department and assisting in the operation of the company’s departments and subsidiaries.

Save as disclosed above, Mr. WEN does not at present, and did not in the past three years, hold any directorship in any other listed public companies or any other position with the Company or any other members of the Group.

A service contract has been entered into between Mr. WEN and the Company. Mr. WEN is entitled to a proportional director’s fee calculated on the basis of RMB431,000 per annum for the period from 1 June 2021 to 31 December 2021 and is not entitled to director’s fee thereafter. His director’s fee is determined by the remuneration committee of the Company, with reference to his duties and responsibilities with the Company and the market rate for the position. Mr. WEN’s appointment shall be subject to the approval by the shareholders of the Company at the next general meeting of the Company and retirement by rotation and re-election at annual general meetings of the Company in accordance with the articles of association of the Company and the Rules Governing the Listing of Securities (“ Listing Rules ”) on The Stock Exchange of Hong Kong Limited (“ Stock Exchange ”).

As at the date of this announcement, Mr. WEN holds options to subscribe for 3,500,000 shares of the Company. Save as disclosed above, Mr. WEN has no interest in the shares of the Company and its associated corporations within the meaning of Part XV of the Securities and Futures Ordinance and does not have any relationship with any other directors, senior management or any substantial or controlling shareholders of the Company.

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There is no information which is discloseable nor is/was Mr. WEN involved in any of the matters required to be disclosed pursuant to any of the requirements of the provisions under paragraphs 13.51(2)(h) to 13.51(2)(w) of the Listing Rules. The Board is not aware of any other matters which need to be brought to the attention of the shareholders of the Company. The Board would like to welcome Mr. WEN to the Board.

RESIGNATION OF EXECUTIVE DIRECTOR

Mr. LI has tendered his resignation as an executive director of the Company with effect from 1 June 2021 due to his other personal commitments which require more of his dedication and time commitment.

Mr. LI confirmed that he has no claim whatsoever against the Company for fees, compensation for loss of office, remuneration, severance payments, pension, expenses or otherwise and there is no disagreement with the Board and there is no matter relating to his resignation that need to be brought to the attention of the shareholders of the Company or the Stock Exchange.

The Board would like to take this opportunity to express its sincere gratitude to Mr. LI for his valuable contribution to the Company during his tenure of service.

For and on behalf of the Board Sprocomm Intelligence Limited LI Chengjun Chairman

Hong Kong, 1 June 2021

The English translation of Chinese names or words in this announcement, where indicated by “*”, is included for information purpose only, and should not be regarded as the official English translation of such Chinese names or words.

As at the date of this announcement, the executive directors of the Company are Mr. LI Chengjun, Mr. XIONG Bin, Mr. WEN Chuanchuan and Mr. GUO Qinglin, and the independent non-executive directors of the Company are Mr. HUNG Wai Man, Mr. WONG Kwan Kit, Mr. LU Brian Yong Chen and Ms. TSENG Chin I.

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