Smart Digital Technology Group Limited — Capital/Financing Update 2021

Sep 9, 2021

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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DIGITAL DOMAIN HOLDINGS LIMITED 數字王國集團有限公司

(Incorporated in Bermuda with limited liability)

(Stock Code: 547)

REVISED TIMETABLE REGARDING THE CAPITAL REORGANISATION AND CHANGE IN BOARD LOT SIZE

Reference is made to the announcements of the Company dated 21 July 2021 and 6 September 2021 in relation to, among others, the Capital Reorganisation and the change in board lot size. Terms defined in those announcements have the same meaning when used herein.

Set out below is the revised expected timetable for the implementation of the Capital Reorganisation and the change in board lot size, having taking into account of the effect of delay in despatch of the shareholders’ Circular and the intervening National Day holidays in the People’s Republic of China:

REVISED EXPECTED TIMETABLE

Event Expected date/time Expected date of despatch of the Circular with notice Monday, 13 September 2021 and form of proxy of the SGM Latest time for lodging transfer of the Existing Shares 4:30 p.m. on Wednesday, in order to qualify for attending the SGM 29 September 2021 Closure of register of members of the Company Thursday, 30 September 2021 to (both days inclusive) Wednesday, 6 October 2021 Latest date and time for lodging forms of proxy for the 10:30 a.m. on Monday, SGM 4 October 2021 Date and time of the SGM 10:30 a.m. on Wednesday, 6 October 2021 Announcement of voting results of the SGM Wednesday, 6 October 2021

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The following events are conditional on the results of the SGM and the fulfilment of the conditions of the Capital Reorganisation. The dates are therefore tentative.

Event

Expected date/time

Effective date of the Capital Reorganisation

Monday, 11 October 2021

Dealing in the Adjusted Shares commences

• 9:00 a.m. on Monday, 11 October 2021

First day of free exchange of existing share certificates into new share certificates for Adjusted Shares

Monday, 11 October 2021

Original counter for trading in the Existing Shares in board lots of 10,000 Existing Shares (in the form of existing share certificates) temporarily closes

• 9:00 a.m. on Monday, 11 October 2021

Temporary counter for trading in Adjusted Shares in temporary board lots of 1,000 Adjusted Shares (in the form of existing share certificates) opens

• 9:00 a.m. on Monday, 11 October 2021

Effective date of the change in board lot size

Tuesday, 26 October 2021

Original counter for trading in the Adjusted Shares in new board lots of 5,000 Adjusted Shares (in the form of new share certificates) re-opens

• 9:00 a.m. on Tuesday, 26 October 2021

Parallel trading in the Adjusted Shares (in the form of new share certificates for Adjusted Shares and existing share certificates) commences

• 9:00 a.m. on Tuesday, 26 October 2021

Designated agent starts to stand in the market to provide matching services for odd lots of the Adjusted Shares

• 9:00 a.m. on Tuesday, 26 October 2021

Designated agent ceases to stand in the market to provide matching services for odd lots of the Adjusted Shares

• 4:00 p.m. on Monday, 15 November 2021

Temporary counter for trading in Adjusted Shares in temporary board lots of 1,000 Adjusted Shares (in the form of existing share certificates) closes

4:10 p.m. on Monday, 15 November 2021

Parallel trading in the Adjusted Shares (in the form of new share certificates for Adjusted Shares and existing share certificates) ends

• 4:10 p.m. on Monday, 15 November 2021

Last day for free exchange of existing share certificates for new share certificates for Adjusted Shares

Wednesday, 17 November 2021

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All times and dates specified in the expected timetable above refer to Hong Kong times and dates unless otherwise specified. Dates or time specified in the expected timetable above are indicative only and may be extended or varied by the Company. Any changes to the expected timetable will be published or notified to the Shareholders as and when appropriate.

By Order of the Board DIGITAL DOMAIN HOLDINGS LIMITED

Seah Ang

Executive Director and Chief Executive Officer

Hong Kong, 9 September 2021

As at the date of this announcement, Mr. Seah Ang and Dr. Chang San-Cheng are the executive Directors; Mr. Jiang Yingchun, Mr. Cui Hao, Mr. Sergei Skatershchikov and Mr. Brian Thomas McConville are the nonexecutive Directors; and Ms. Lau Cheong, Mr. Duan Xiongfei, Dr. Elizabeth Monk Daley and Mr. Woo King Hang are the independent non-executive Directors.

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