Maoyan Entertainment — Director's Dealing 2021

Jan 19, 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.

Maoyan Entertainment 貓眼娛樂

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1896)

GRANT OF SHARE OPTIONS

This announcement is made pursuant to Rule 17.06A of the Listing Rules. The board (the “ Board ”) of directors (the “ Directors ”) of Maoyan Entertainment (the “ Company ”) hereby announces that, on January 19, 2021 (the “ Grant Date ”), the Company has resolved to grant a total of 15,066,000 options (the “ Options ”) to Mr. Zheng Zhihao (the “ Mr. Zheng ”), the executive Director and chief executive officer of the Company, to subscribe for a total of 15,066,000 ordinary shares of the Company of par value US$0.00002 each in the capital of the Company (the “ Shares ”) under the post-IPO share option scheme adopted by the Company on July 23, 2018 (the “ Post-IPO Share Option Scheme ”), subject to the acceptance of Mr. Zheng.

Each Option shall entitle Mr. Zheng to subscribe for one Share at an exercise price of HK$13.136 per Share, which is the highest of: (a) the closing price of HK$12.84 per Share as stated in daily quotations sheet of The Stock Exchange of Hong Kong Limited (the “ Stock Exchange ”) on the Grant Date; (b) the average closing price of HK$13.136 per Share as stated in the Stock Exchange’s daily quotations sheets for the five business days immediately preceding the Grant Date; and (c) the par value of US$0.00002 per Share. The validity period of the Options shall be ten years from the Grant Date, subject to the terms of the Post-IPO Share Option Scheme.

The grant of the Options has been approved by all independent non-executive Directors, and Mr. Zheng has abstained from voting on the relevant Board resolution approving the grant of the Options.

By order of the Board Maoyan Entertainment Zheng Zhihao Executive Director

Hong Kong, January 19, 2021

As at the date of this announcement, the Board of Directors of the Company comprises Mr. Zheng Zhihao as Executive Director, Mr. Wang Changtian, Ms. Li Xiaoping, Ms. Wang Jian, Mr. Cheng Wu, Mr. Chen Shaohui, Mr. Lin Ning and Mr. Tang Lichun, Troy as Non-executive Directors, and Mr. Wang Hua, Mr. Chan Charles Sheung Wai, Mr. Yin Hong and Ms. Liu Lin as Independent Non-executive Directors.