SIM Technology Group Limited — Share Issue/Capital Change 2009

Sep 3, 2009

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.

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

(Incorporated in Bermuda with limited liability) (Stock code: 2000)

GRANT OF SHARE OPTIONS

The Board announces that on 3 September 2009, 107,200,000 Options to subscribe for an aggregate of 107,200,000 Shares were granted, subject to acceptance of the Grantees, under its share option scheme.

This announcement is made pursuant to Rule 17.06A of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “ Stock Exchange ”).

The board (the “ Board ”) of directors (the “ Directors ”) of SIM Technology Group Limited (the “ Company ”) announces that on 3 September 2009, the Company has granted an aggregate of 107,200,000 share options (the “ Options ”) to certain staff members of the Company and its subsidiaries and three executive Directors (the “ Grantees ”), subject to acceptance by the Grantees, under the share option scheme of the Company adopted on 30 May 2005. The Options entitle the Grantees to subscribe for an aggregate of 107,200,000 new ordinary shares of HK$0.10 each in the capital of the Company (“ Shares ”) upon exercise in full.

The following are the details of the Options granted:

Date of grant: 3 September 2009 Exercise price of Options granted: HK$0.79 per Share Number of Options granted: in respect of an aggregate of 107,200,000 Shares Closing price of the Shares on HK$0.79 per Share the date of grant: Validity period of the Options: from 3 September 2009 to 29 May 2015

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The Options granted shall vest to the Grantees in accordance with the timetable below (for this purpose, the date or each such date on which the Options are to vest being hereinafter referred to as a (“ Vesting Date ”)):

Vesting Date

Percentage of Options to Vest

15	April	2010	25% of the total number of Options granted
15	April	2011	25% of the total number of Options granted
15	April	2012	25% of the total number of Options granted
15	April	2013	25% of the total number of Options granted

Subject to the vesting period set out above, the Options shall be exercisable at any time during the period from 15 April 2010 until 29 May 2015.

Among the Options, the following Options were granted to the executive Directors:

Name	Number of Options
Mr Zhang Jianping	10,000,000
Ms Tang Rongrong	3,000,000
Mr Chan Tat Wing, Richard	3,000,000

The grant of Options to each of the above Directors has been approved by the independent non-executive Directors.

Save as disclosed above, none of the Grantees is a Director, chief executive or substantial shareholder (as defined in the Listing Rules) of the Company, or any of their respective associate(s) (as defined in the Listing Rules).

By Order of the Board SIM Technology Group Limited Wong Tik Company Secretary

Hong Kong, 3 September 2009

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 purposes only

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