Kingwell Group Limited

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.

京維集團有限公司

(formerly known as Sinotronics Holdings Limited 前稱華翔微電子控股有限公司[*][)]

(incorporated in the Cayman Islands with limited liability)

(Stock code: 1195)

GRANT OF SHARE OPTIONS

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

The board (the ‘‘Board’’) of directors (the ‘‘Directors’’) of Kingwell Group Limited (the ‘‘Company) hereby announces that on 26 May 2010, the Company granted to eligible participants (the ‘‘Grantees’’), subject to acceptance by the Grantees, a total of 75,000,000 share options (the ‘‘Share Options’’) to subscribe for ordinary shares of nominal value of HK$0.10 each in the share capital of the Company (the ‘‘Share(s)’’) under the Share Option Scheme adopted by the Company on 11 February 2010 and amended on 24 May 2010.

A total of 75,000,000 Share Options were granted to Directors, other employees and consultants of the Company, details of which are as follow:

GranteesPositionXu Yue YueExecutive DirectorChan KinExecutive DirectorSze Ming YeeExecutive DirectorTu ShuguangExecutive DirectorOthersEmployeesOthersConsultantsTotal	Number ofShare Optionsgranted10,000,0002,000,0002,000,0001,000,00011,000,00049,000,000
	75,000,000

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Details of the Share Options granted are as follow:

Date of Grant : 26 May 2010 Exercise Price : HK$0.287 per Share (being the higher of: (i) the closing price of the Shares as stated in the Stock Exchange’s daily quotations sheets on the Date of Grant; and (ii) the average closing price of the Shares as stated in the Stock Exchange’s daily quotations sheets for the five business days immediately preceding the Date of Grant.)
Closing price of the Shares on the : HK$0.285 per Share Date of Grant
Validity period of the Share Options : Valid for 5 years from 26 May 2010 to 25 May 2015

Save as disclosed in this announcement, none of the Grantee is a director, chief executive or substantial shareholder of the Company, nor an associate (as defined under the Listing Rules) of any of them.

In accordance with Rule 17.04(1) of the Listing Rules, the grant of the Share Options to each of the Executive Directors has been approved by the Independent Non-executive Directors

By Order of the Board

KINGWELL GROUP LIMITED Xu Yue Yue Executive Director

Hong Kong, 26 May 2010

As at the date of this announcement, the Board comprises Ms. Xu Yue Yue, Mr. Xiang Song, Mr. Sze Ming Yee, Mr. Lin Wan Xin, Mr. Chan Kin and Mr. Tu Shuguang as executive Directors, and Mr. Li Jianguo, Mr. Cheung Chuen and Ms. Wong Lai Wing as independent non-executive Directors.

for identification purposes only

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AI assistant

Kingwell Group Limited Share Issue/Capital Change 2010

49757_rns_2010-05-26_a07877da-2b08-4020-ab7e-215e035b84b5.pdf