SIM Technology Group Limited — Capital/Financing Update 2011

Nov 7, 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.

==> picture [109 x 73] intentionally omitted <==

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

(Incorporated in Bermuda with limited liability)

(Stock code: 2000)

VOLUNTARY ANNOUNCEMENT: BUSINESS UPDATE

This announcement is made by SIM Technology Group Limited (the “ Company ”, together with its subsidiaries, the “ Group ”)) as a voluntary announcement.

The board of directors (the “ Board ”) of the Company hereby announces that the initial shipment of 3G Android smart phone through the Group’s Japanese customer to a leading Japanese operator. This ODM handset is targeted to commence sales in Japan this week.

This ODM handset features a slim design weighting 115 gram with 3.2 inch display. The size and shape of the phone is tailored to fit comfortably in the hands of the Japanese consumers. Beside the standard Android 2.3.4 operating system, the handset also includes advanced user-friendly features like voice activated search, range sensor to control display on/off, and bar code scanning that are customized for the Japanese market.

By making steady progress in its business transition to a high value-added ODM, the Group is committed to meet the uncompromising demand of tier one ODM customers for excellent quality and service so as to stay ahead of the competition. The Group is optimistic that the demand from Japanese market will become one of the key drivers for the Group’s future business growth.

Although the benefit of this ODM project may be limited in the near term and the Group has to continue investing, the management of the Group believes it is the right strategic direction for the Group. The Group is confident that its new capabilities will be able to bring in more ODM projects of mid-to-high end handset segments and accompanying growth that were not previously available to the Group.

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

Hong Kong, 7 November 2011

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

• For identification purposes only