Labixiaoxin Snacks Group Limited — Capital/Financing Update 2016

Nov 14, 2016

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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LABIXIAOXIN SNACKS GROUP LIMITED 蠟筆小新休閒食品集團有限公司

(Incorporated in Bermuda with limited liability)

(Stock Code: 1262)

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 of directors (the “ Board ”) of Labixiaoxin Snacks Group Limited (the “ Company ”, together with its subsidiaries, the “ Group ”) announces that on 14 November 2016, the Company has offered to grant a total of 30,000,000 share options (the “ Share Options ”, each a “ Share Option ”) to certain employees of the Group (the “ Grantees ”), subject to acceptance of such Grantees, to subscribe for a total number of 30,000,000 ordinary shares of US$0.05 each (the “ Shares ”, each a “ Share ”) in the capital of the Company under the share option scheme adopted by the Company on 25 November 2011 (the “ Share Option Scheme ”). None of the Grantees is a director, chief executive or substantial shareholder of the Company, nor an associate (as defined in the Listing Rules) of any of them.

Details of the Share Options granted are as follows:

Date of Grant: 14 November 2016 (the “ Date of Grant ”) Exercise price: HK$0.470 per Share, representing the highest of (i) the closing price of HK$0.470 per Share as stated in the daily quotation sheets issued by the Stock Exchange on the Date of Grant; (ii) the average closing price of HK$0.458 per Share as stated in the daily quotation sheets issued by the Stock Exchange for five trading days immediately preceding the Date of Grant; and (iii) the nominal value of a Share.

Closing price of the HK$0.470 per Share Shares on the Date of Grant:

Total number of 30,000,000 Share Options (each Share Option shall entitle the Share Options granted: holder to subscribe for one Share).

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Validity period of the Share Options:

Subject to the terms of the Share Option Scheme, the Share Options shall lapse at the expiry of the fifth anniversary upon the acceptance by the Grantees of the Share Options granted.

Vesting and Exercise Period of the Share Options:

The Share Options shall be vested on 15 November 2016 and are exercisable by the Grantees within a period of five years from 15 November 2016 to 14 November 2021 (both dates inclusive).

By order of the Board Labixiaoxin Snacks Group Limited Zheng Yu Huan Chairman

Hong Kong, 14 November 2016

As at the date of this announcement, the executive directors of the Company are Zheng Yu Long, Zheng Yu Shuang and Zheng Yu Huan; the non-executive directors of the Company are Li Hung Kong and Ren Yunan; and the independent non-executive directors of the Company are Li Zhi Hai, Sun Kam Ching and Chung Yau Tong.

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