PINE Technology Holdings Limited — Capital/Financing Update 2017

Aug 1, 2017

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.

PINE TECHNOLOGY HOLDINGS LIMITED 松景科技控股有限公司*

(Incorporated in Bermuda with limited liability)

(Stock Code: 1079)

SUPPLEMENTAL PLACING AGREEMENT

Placing Agent

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KCG Securities Asia Limited

Reference is made to the announcement of PINE Technology Holdings Limited (the “ Company ”) dated 28 July 2017 (the “ Announcement ”) in relation to, among other matters, the placing of Convertible Bonds under General Mandate. Capitalized terms used herein shall have the same meanings as those defined in the Announcement unless otherwise stated.

SUPPLEMENTAL PLACING AGREEMENT

On 1 August 2017, the Company and the Placing Agent entered into a supplemental placing agreement (the “ Supplemental Placing Agreement ”) to amend the Placing Agreement in respect of the Placing Period and the Long Stop Date.

Pursuant to the Supplemental Placing Agreement, the termination date of the Placing Period in the Placing Agreement shall be amended from 60 days to 18 days after the date of execution of the Placing Agreement, unless terminated earlier in writing pursuant to terms in the Placing Agreement. In addition, the Long Stop Date shall be amended from 30 September 2017 to 18 August 2017 (or such later date as may be agreed by the Placing Agent and the Company).

Save as disclosed above, all other terms of the Placing Agreement and the Convertible Bonds shall remain unchanged.

By the order of the Board of PINE Technology Holdings Limited Zhang Sanhuo Chairman

Hong Kong, 1 August 2017

As at the date of this announcement, the executive Directors are Mr. Zhang Sanhuo, Mr. Chan Cheuk Ho and Mr. Chiu Hang Tai; and the independent non-executive Directors are Mr. So Stephen Hon Cheung, Mr. Zhou Chunsheng and Mr. Tian Hong.

• For identification purposes only