SIM Technology Group Limited — Regulatory Filings 2017

May 22, 2017

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)

TERMINATION OF THE MAJOR TRANSACTION

Reference is made to the circular of SIM Technology Group Limited (“ Company ”) dated 28 February 2017 (“ Circular ”) in relation to the disposal of technology and assets in relation to wireless communication modules business (“ Disposal ”). Unless otherwise defined, capitalised terms used in this announcement have the same meanings as defined in the Circular.

The Board would like to announce that the Group and u-blox AG have mutually agreed not to proceed with the Disposal. Despite best efforts on the part of the Group and u-blox AG, the Group and u-blox AG could not close the Disposal as originally intended and were unable to find alternatives that worked for both parties whilst sustaining the intended benefits. Both parties have therefore decided to amicably terminate the Asset Purchase Agreement and Technology Assignment Contract and all ancillary agreements on 21 May 2017.

The Board is of the view that there will not be material adverse effects on the operation and financial performance of the Group as a result of the termination of the Disposal.

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

22 May 2017

As at the date of this announcement, the executive directors of the Company are Ms Yeung Man Ying, Mr Wong Cho Tung, Ms Tang Rongrong, Mr Chan Tat Wing, Richard, Mr Liu Hong and Mr Liu Jun, and the independent non-executive directors of the Company are Mr Liu Hing Hung, Mr Wang Tianmiao and Mr Wu Zhe.

• For identification purposes only