Qiniu Limited — Share Issue/Capital Change 2012

Jan 30, 2012

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.

SIBERIAN MINING GROUP COMPANY LIMITED 西伯利亞礦業集團有限公司 [*]

(incorporated in the Cayman Islands with limited liability) (Stock code: 1142)

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 Siberian Mining Group Company Limited (the “ Company ”) announces that on 30 January 2012, the Company has granted to the eligible participants (the “ Grantees ”), subject to the acceptance of the Grantees, share options (the “ Options ”) to subscribe for a total of 7,080,000 ordinary shares of HK$0.2 each (the “ Share(s) ”) in the capital of the Company under the share option scheme as adopted by the Company on 19 October 2002, subject to adjustments in accordance with the Listing Rule 17.03(13). The following are the details of the Options granted:

Date of grant : 30 January 2012 Exercise price : HK$0.355 per Share

(being the highest of (i) closing price of the Shares as stated in the Stock Exchange’s daily quotations sheet on the date of grant; (ii) the average closing price of the Shares as stated in the Stock Exchange’s daily quotations sheets for the five business days immediately preceding the date of grant; and (iii) the nominal value of the Share.)

Closing price of the Share : HK$0.355 per Share on the date of grant Average closing price of : HK$0.293 per Share the Share for the five business days immediately preceding the date of grant

Validity period of the Options : up to 29 January 2022

* For identification purpose only

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Among the Options granted above, Options in respect of a total 4,000,000 Shares were granted to the following directors of the Company with details as below:

Name of Directors

Number of Shares under the Options

Executive Director: Lim Ho Sok 2,000,000 Non-executive Director: Pang Ngoi Wah Edward 2,000,000

Save as disclosed above, none of the Grantees is a director, chief executive or substantial shareholder of the Company or any of their respective associates (as defined in the Listing Rules).

By order of the Board Siberian Mining Group Company Limited Lim Ho Sok Chairman

Hong Kong, 30 January 2012

As at the date of this announcement, the Board consists of Mr. Lim Ho Sok and Mr. Shin Min Chul as executive Directors, Mr. Pang Ngoi Wah Edward as non-executive Director, and Mr. Liew Swee Yean, Mr. Tam Tak Wah and Mr. Young Yue Wing Alvin as independent non-executive Directors.

This announcement will remain on the website of the Stock Exchange at www.hkexnews.hk on the “Latest Listed Company Information” page for at least 7 days from the date of its posting and on the Company’s website at www.ilinkfin.net/siberian_mining.

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