IGG Inc — Share Issue/Capital Change 2011

Aug 29, 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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ORIENTAL WATCH HOLDINGS LIMITED

(Incorporated in Bermuda with limited liability)

(the “Company”)

(Stock Code: 398)

GRANT OF OPTIONS UNDER SHARE OPTION SCHEME

The Company granted options to subscribe for a total of 23,000,000 Shares under its share option scheme on 29th August, 2011.

The board of directors of the Company announces that on 29th August, 2011, the Company granted options to subscribe for a total of 23,000,000 shares of HK$0.10 each of the Company (“Shares”) at HK$4.80 per Share during a period of 10 years from 29th August, 2011 until 28th August, 2021 under its share option scheme to employees and consultants of the Company and its subsidiaries.

The closing price per Share as stated in the daily quotations sheet of The Stock Exchange of Hong Kong Limited on the date of grant of the options is HK$4.80.

By Order of the Board Yeung Ming Biu Chairman

Hong Kong, 29th August, 2011

As at the date of this announcement, the executive directors of the Company are Mr. Yeung Ming Biu, Mr. Yeung Him Kit, Dennis, Mr. Fung Kwong Yiu, Ms. Yeung Man Yee, Shirley, Mr. Lam Hing Lun, Alain and Mr. Choi Kwok Yum, and the independent nonexecutive directors are Dr. Sun Ping Hsu, Samson, Dr. Li Sau Hung, Eddy and Mr. Choi Man Chau, Michael.