ICO Group Limited — Share Issue/Capital Change 2021

Jul 9, 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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ICO GROUP LIMITED 揚科集團有限公司[*]

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 1460)

GRANT OF SHARE OPTIONS

This announcement is made pursuant to Rule 17.06A of the Rules Governing the Listing of Securities (the “ Listing Rules ”) on The Stock Exchange of Hong Kong Limited (the “ Stock Exchange ”).

The board (the “ Board ”) of directors (the “ Director(s) ”) of ICO Group Limited (the “ Company ”, together with its subsidiaries, the “ Group ”) hereby announces that on 9 July 2021 (the “ Date of Grant ”), the Company has granted share options (the “ Share Option(s) ”) to certain employees of the Group and advisers (collectively the “ Grantees ”) to subscribe for an aggregate of 40,000,000 ordinary shares of nominal value of HK$0.025 each in the share capital of the Company (the “ Share(s) ”), subject to the acceptance by the Grantees, pursuant to the share option scheme adopted by the Company on 12 August 2016.

Details of the Share Options are set out as follows:

Date of Grant: 9 July 2021 Exercise price of the Share Options HK$0.325 per Share granted: Number of Share Options granted: 40,000,000 Share Options (each Share Option shall entitle the holder thereof to subscribe for one share) Closing price of the Shares on the HK$0.325 per Share Date of Grant:

* For identification purposes only

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Average closing price of the Shares HK$0.305 per Share for the five consecutive trading days prior to the Date of Grant:

Consideration for the grant of Share HK$1 to be paid by each of the Grantees upon Options: acceptance of the Share Options granted

Validity period of the Share Options: 2 years from the Date of Grant

The Share Options entitling the holders thereof to subscribe for an aggregate of 24,400,000 Shares were granted to certain employees of the Group and an aggregate of 15,600,000 Shares were granted to five advisers.

None of the Grantees is a Director, chief executive or substantial shareholder of the Company, or any of their respective associates (as defined under the Listing Rules) as at the date of this announcement.

By order of the Board ICO Group Limited Leong Yeng Kit Chairman and Executive Director

Hong Kong, 9 July 2021

As at the date of this announcement, the executive Directors of the Company are Mr. Leong Yeng Kit, Ms. Lee Pei Ling and Mr. Lee Cheong Yuen; and the independent non-executive Directors of the Company are Mr. Gan Cheng Khuan, Ms. Yvonne Low Win Kum and Mr. Chiu King Yan.

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