PINE Technology Holdings Limited — Capital/Financing Update 2011

Mar 25, 2011

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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(incorporated in Bermuda with limited liability) (Stock Code: 1079)

GRANT OF SHARE OPTIONS

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

The board of directors of PINE Technology Holdings Limited (the “ Company ”) hereby announces that the Company has on 25 March 2011 granted share options (the “ Options ”) under its share option scheme to an employee (the “ Grantee ”) of a subsidiary of the Company. A summary of such grant is set out below:

Date of grant : 25 March 2011 Exercise price of Options granted : HK$0.207 to subscribe for one ordinary share of HK$0.1 each of the Company (the “ Shares ”) Number of Options granted : 1,000,000 Options (with each Option entitling the Grantee to subscribe for one (1) Share) Closing price of the Shares on : HK$0.205 per Share the date of grant Average closing prices of the Shares : HK$0.2064 per Share for five business days immediately preceding the date of grant Validity period of the Options : Exercisable during the period from 25 March 2013 to 24 March 2021 (both dates inclusive)

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The Grantee is not a director, chief executive, or substantial shareholder of the Company or an associate of any of them.

By order of the Board PINE Technology Holdings Limited Chiu Hang Tai Chairman

Hong Kong, 25 March 2011

As at the date of this announcement, executive directors are Mr. Chiu Hang Tai and Mr. Chiu Samson Hang Chin., non-executive Director is Mr. Chiu Herbert H T. and independent non-executive directors are Mr. Li Chi Chung, Mr. So Stephen Hon Cheung and Dr. Huang Zhijian.

• for identification purpose only

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