SIM Technology Group Limited — Capital/Financing Update 2013

Aug 6, 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)

NEW BUSINESS DEVELOPMENT – ESTABLISHMENT OF FINANCIAL LEASING COMPANY

This announcement is made by SIM Technology Group Limited (“ Company ”, together with its subsidiaries, “ Group ”) pursuant to Rule 13.09(2)(a) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (“ Listing Rules ”) and the Inside Information Provisions (as defined in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong), aiming to provide information about the new business to be developed by the Group to its shareholders.

The board of directors (“ Board ”) of the Company is pleased to announce that a new indirect wholly-owned subsidiary of the Company, being 上海博鼎融資租賃有限公司 (unofficial English translation being Shanghai Boding Financial Leasing Company Limited (“ Financial Leasing Company ”) has been established in the People’s Republic of China (“ PRC ”) with the approved business operation period of 30 years commencing from 17 July 2013 to 16 July 2043. The registered capital of Financial Leasing Company is US$17 million which has not been paid up as at the date of this announcement. It is expected that the Group will make capital contribution of US$5 million to Financial Leasing Company within three months from the date of its establishment and the remaining US$12 million within two years from the date of its establishment.

As at the date of this announcement, Financial Leasing Company has not commenced business.

The approved business scope of Financial Leasing Company includes financial leasing, leasing services, purchasing of leasing properties at home country and abroad, disposal of residual value of leasing properties and repair of leasing properties, provision of consultation and guarantees for lease transaction.

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The principal activities of the Group are manufacturing, design and development and sale of display modules, handsets and solutions, and wireless communication modules and property development in the PRC.

The Board believes that financial leasing industry plays an important role in various industries and financial leasing business has great business potential in the PRC. The Board also believes that the establishment of Financial Leasing Company will enable the Group to diversify its business and financial leasing will be a new income stream of the Group.

The Group will comply with the applicable requirements of the Listing Rules when it conducts financial leasing business.

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

Hong Kong, 6 August 2013

As at the date of this announcement, the executive directors of the Company 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 of the Company are Mr Liu Hing Hung, Mr Xie Linzhen and Mr Dong Yunting.

• For identification purposes only

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