SIM Technology Group Limited — Capital/Financing Update 2011

Mar 17, 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.

This announcement appears for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for any securities.

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 –

PROPOSED OFFERING AND LISTING OF TAIWAN DEPOSITARY RECEIPTS ON THE TAIWAN STOCK EXCHANGE

Reference is made to the announcement of the Company dated 26 November 2010, 6 December 2010, 5 January 2011 and 15 March 2011 respectively (“ Announcements ”) regarding the proposed TDR Issue. Unless otherwise defined herein, capitalised terms used in this announcement shall have the same meanings as those defined in the Announcements.

The Directors noted that there are recently certain press articles reporting on, among other matters, the proposed offer price of each TDR (each unit of TDR representing two Shares).

The Directors wish to remind the Shareholders and potential investors that the offer price for each TDR as referred to in the Announcements and the Taiwan Prospectus was then made by reference to various factors, including the financial performance of the Group in 2009. As announced by the Company in its results announcement dated 3 March 2011, the profit attributable to owners of the Company for the year ended 31 December 2010 was approximately HK$233.3 million, representing an increase of 80.93% as compared to that of 2009. The aforesaid offer price should not be taken to be in any way a statement or indication of the expected, forecast or actual offer price in relation to the proposed TDR Issue.

The Company will, upon conclusion of the book-building exercise, in consultation with the underwriter, fix the actual offer price, taking into consideration, inter alia, the financial performance of the Group for the year ended 31 December 2010, the prevailing market conditions, the closing price of the Shares on the Hong Kong Stock Exchange, the industry conditions at the time of the TDR Issue, the performance of the Company as well as conditions for future development of the Group’s business and the market response to the proposed TDR Issue.

1

As the proposed TDR Issue is subject to, among others, the then prevailing market and economic conditions, the proposed TDR Issue may or may not proceed. As such, shareholders and potential investors of the Company are advised to exercise caution when dealing in the Shares. When in doubt, shareholders and potential investors of the Company are strongly advised to seek independent advice from their bankers, stockbrokers, solicitors or other professional advisers.

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

Hong Kong, 17 March 2011

As at the date of this announcement, the executive Directors 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 are Mr Liu Hing Hung, Mr Zhuang Xingfang and Mr Xie Linzhen.

• for identification purpose only

2