SIM Technology Group Limited — Board/Management Information 2013

May 10, 2013

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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SIM TECHNOLOGY GROUP LIMITED 晨訊科技集團有限公司 *

(Incorporated in Bermuda with limited liability)

(Stock code: 2000)

CHANGE OF CHIEF EXECUTIVE OFFICER

Due to his family’s immigration, Mr Zhang Jianping has resigned as the chief executive officer of the Group with effect from 10 May 2013. Mr Zhang will remain as an executive Director.

With effect from 10 May 2013, Mr Wong Cho Tung, an executive Director, will take up the post of the chief executive officer of the Group in place of Mr Zhang.

The board (“ Board ”) of directors (each, a “ Director ”) of SIM Technology Group Limited (“ Company ”, together with its subsidiaries, the “ Group ”) announces that which Mr Zhang Jianping (“ Mr Zhang ”) has resigned as the chief executive officer of the Group with effect from 10 May 2013 due to his family’s immigration. Mr Zhang will remain as an executive Director.

Mr Zhang has confirmed that he does not have any disagreement with the Board and that there are no matters relating to his resignation as the chief executive officer of the Group which need to be brought to the attention of the shareholders of the Company.

The Board would like to extend its gratitude to Mr Zhang for his invaluable efforts and contributions to the Group.

With effect from 10 May 2013, Mr Wong Cho Tung (“ Mr Wong ”), an executive Director, will take up the post of the chief executive officer of the Group in place of Mr Zhang.

Mr Wong, aged 68, is responsible for the Group’s developing direction, strategies, corporate

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planning and macro corporate management. Mr Wong is the chairperson of Shanghai SIM Technology Limited, a director of Shanghai Sunrise Simcom Ltd. and SIM Technology HK Limited, each a wholly-owned subsidiary of the Company. Mr Wong together with his spouse, Madam Yeung Man Ying (“ Mrs Wong ”), an executive Director, was the founder of the Company. Mr Wong graduated in 1968 from the Beijing University of Aeronautics and Astronautics, specializing in electrical engineering. Mr Wong has decades of experience in the electrical, electronics and telecommunications industry. Mr Wong has not held any directorship in other listed companies during the last three years. Mr Wong is the spouse of Mrs Wong and the father of Mr Wong Hei, Simon, the former president and a former executive Director of the Company (resigned on 21 January 2013).

Mr Wong is a controlling shareholder (as defined under the Listing Rules) and also a director of each of Info Dynasty Group Limited and Intellipower Investments Limited, both are the substantial shareholders of the Company. Save as disclosed above, Mr Wong does not have any relationship with any Directors, senior management or substantial or controlling shareholders of the Company.

As at the date of this announcement, Mr Wong was interested in 1,181,000,000 shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance.

Pursuant to the executive director service agreement entered into between Mr Wong and the Company, Mr Wong is entitled to a fixed salary of HK$1 per annum which was reviewed and approved by the Remuneration Committee based on factors including the terms of remuneration as set out in the service agreement entered into between the Company and Mr Wong in 2012 and Mr Wong’s shareholding interest in the Company. The service agreement also provides that, subject to the decision of the Remuneration Committee, the Company may also grant to Mr Wong options to subscribe for Shares in accordance with the share option schemes adopted or to be adopted by the Company. Under the service agreement between the Company and Mr Wong, Mr Wong’s appointment will be for a term of one year from 31 May 2012, subject to retirement by rotation and re-election at general meetings of the Company as and when required under the bye-laws of the Company. There is no service agreement between the Company and Mr Wong as the chief executive officer of the Group.

Save as disclosed above, there is no further information to be disclosed pursuant to the requirements of Rule 13.51(2)(h) to (v) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and there are no other matters relating to the appointment of Mr Wong as the chief executive officer of the Group that need to be brought to the attention of the shareholders of the Company.

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By order of the Board SIM Technology Group Limited Wong Cho Tung Executive Director

Hong Kong, 10 May 2013

As at the date of this announcement, the executive Directors are Ms Yeung Man Ying, Mr Wong Cho Tung, Mr Zhang Jianping, Ms Tang Rongrong, Mr Chan Tat Wing, Richard and Mr Liu Hong and the independent non-executive Directors are Mr Liu Hing Hung, Mr Xie Linzhen and Mr Dong Yunting.

* for identification purpose only

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