IGG Inc — Share Issue/Capital Change 2018

May 4, 2018

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.

==> picture [109 x 74] intentionally omitted <==

IGG INC

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 799)

GRANT OF SHARE OPTIONS UNDER THE SHARE OPTION SCHEME

This announcement is made pursuant to Rule 17.06A of the Listing Rules.

On 4 May 2018, the Board based on the recommendation by the remuneration committee, resolved to grant a total of 540,000 Share Options to subscribe for 540,000 Shares pursuant to the Share Option Scheme, subject to the acceptance by the Share Option Grantees. The details of the Share Options granted are as follows:

Each Share Option shall entitle the holder of the Share Option to subscribe for one Share upon exercise of such Share Option at an exercise price of HK$12.14 per Share, which represents the highest of (1) the nominal value of the Share; (2) the closing price of HK$12.14 per Share as stated in the daily quotation sheets issued by the Stock Exchange on the Date of Grant; and (3) the average closing price of HK$11.80 per Share as stated in the daily quotation sheets issued by the Stock Exchange for the five business days immediately preceding the Date of Grant.

— 1 —

The Share Options shall vest in the Share Option Grantees in accordance with the timetable below, each with an exercise period commencing from the relevant Share Option Vesting Date and ending 10 years after the Date of Grant (for this purpose, the date or each such date on which the Share Options are to vest being hereinafter referred to as a “ Share Option Vesting Date ”):

• Number of Share

• Name of Share Option Options Grantees Capacity granted

• Dr. Horn Kee Leong independent non-executive Director 180,000 Mr. Dajian Yu independent non-executive Director 180,000 Ms. Zhao Lu independent non-executive Director 180,000 Total 540,000

Share Options vesting period

• On the date of the annual general meeting to be convened in 2019

Percentage of Share Options to vest One-third of the total number of Share Options granted

• On the date of the annual general meeting to be convened in 2020

One-third of the total number of Share Options granted

• On the date of the annual general meeting to be convened in 2021

• One-third of the total number of Share Options granted

Pursuant to Rule 17.04(1) of the Listing Rules, the grant of the Share Options to each of the above independent non-executive Directors has been approved by all the independent non-executive Directors with the relevant independent non-executive Director abstained from voting on the relevant resolution relating to the grant of Share Options which he/she is a grantee.

DEFINITIONS

In this announcement, the following expressions shall have the following meanings unless the context requires otherwise:

“Board” the board of Directors “Company” IGG Inc, an exempted company incorporated in the Cayman Islands and whose shares are listed on the Stock Exchange

— 2 —

• “Date of Grant”

• 4 May 2018, the date on which the Share Options are granted

• “Director(s)”

director(s) of the Company

• “HK$”

• Hong Kong dollars, the lawful currency of Hong Kong

• “Listing Rules” the Rules Governing the Listing of Securities on the Stock Exchange

• “Share(s)” means ordinary share(s) of US$0.0000025 each in the share capital of the Company

• “Share Options” the 540,000 share options granted to the Share Option Grantees pursuant to the Share Option Scheme on the Date of Grant

• “Share Option the grantees selected by the Board on 4 May 2018, to Grantee(s)” whom the Share Options are granted on the same date by the Board pursuant to the terms of the Share Option Scheme

• “Share Option Scheme” the share option scheme adopted by the Company on 16 September 2013 by a resolution of all shareholders of the Company

• “Stock Exchange” The Stock Exchange of Hong Kong Limited

• “US$” United States dollars, the lawful currency of the United States of America

• “%” per cent

By order of the Board

IGG INC Zongjian Cai Chairman

Hong Kong, 4 May 2018

As at the date of this announcement, the Board comprises five executive Directors, namely, Mr. Zongjian Cai, Mr. Yuan Xu, Mr. Hong Zhang, Ms. Jessie Shen and Mr. Feng Chen; one non-executive Director, namely, Mr. Yuan Chi; and three independent non-executive Directors, namely, Dr. Horn Kee Leong, Mr. Dajian Yu and Ms. Zhao Lu.

— 3 —