Leoch International Technology Limited — Director's Dealing 2021

Jan 13, 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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GRANT OF SHARE OPTIONS

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

The board of directors (the “ Board ”) of Leoch International Technology Limited (the “ Company ”) announces that on 13 January 2021 (the “ Offer Date ”), the Company offered to grant share options to an eligible participant under the share option scheme of the Company adopted on 30 October 2020, to subscribe for a total of 5,000,000 ordinary shares (each a “ Share ”) of HK$0.1 each in the capital of the Company. The grant of the said share options will be subject to the Company’s receipt of acceptance of offer from the respective offerees.

Details of such offer of share options are set out below:

Offer Date	:	13 January 2021
Total number of share options offered	:	5,000,000, entitling the holders thereof to subscribe
		for a total of 5,000,000 shares
Option Period	:	Ten (10) years from the Offer Date, in which:
		(i) One-fifth of the total number of the share
		options granted are exercisable at any time
		on or after 16 January 2022.
		(ii) One-fifth of the total number of the share
		options granted are exercisable at any time
		on or after 16 January 2023.

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• (iii) One-fifth of the total number of the share options granted are exercisable at any time on or after 16 January 2024.

• (iv) One-fifth of the total number of the share options granted are exercisable at any time on or after 16 January 2025.

• (v) The remaining one-fifth of the total number of the share options granted are exercisable at any time on or after 16 January 2026.

Subscription Price HK$0.560 per Share

(being the highest of: (i) the closing price of HK$ 0.560 per Share as stated in the Stock Exchange’s daily quotations sheet on the Offer Date; and (ii) the average closing price of HK$0.550 per Share of the Company as stated in the Stock Exchange’s daily quotations sheets for the five business days immediately preceding the Offer Date; and (iii) the nominal value of HK$0.100 per Share)

Among the above share options offered, a total of 1,000,000 share options were offered to the director of the Company as follows:-

Name Number of share options offered Ms. YIN Haiyan (executive director) 1,000,000

Name

The grant of the share options to the above directors of the Company has been approved by the independent non-executive directors of the Company (excluding the independent non-executive director who is the grantee of the options) pursuant of Rule 17.04(1) of the Listing Rules.

Save as disclosed above, none of the offerees of the share options is a director, chief executive or substantial shareholder of the Company, or an associate of any of them (within the meaning of the Listing Rules).

By order of the Board

Leoch International Technology Limited Mr. Dong Li Chairman

Hong Kong, 13 January 2021

As of the date of this announcement, the executive Directors are Mr. DONG Li and Ms. YIN Haiyan; and the independent non-executive Directors are Mr. CAO Yixiong Alan, Mr. LAU Chi Kit and Dr. NAN Xinsheng.

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