SSY Group Limited — Share Issue/Capital Change 2021

Jan 12, 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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(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 2005)

GRANT OF SHARE OPTIONS

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 “ Listing Rules ”).

The board (the “ Board ”) of directors (the “ Directors ”) of SSY Group Limited (the “ Company ”, together with its subsidiaries, the “ Group ”) hereby announces that the Company has granted 100,000,000 share options (the “ Share Options ”) on 12 January 2021 under its share option scheme adopted on 20 September 2012. The Share Options will entitle the grantees to subscribe for up to a total of 100,000,000 new ordinary shares of HK$0.02 each in the share capital of the Company (the “ Share(s) ”), representing approximately 3.285% of all the Shares in issue as at the date of this announcement (being 3,043,727,385 Shares). The Share Options granted are subject to the acceptance of the grantees and the payment of HK$1.00 by the grantees upon acceptance of the Share Options.

Details of the Share Options are set out as follows:

Date of Grant:

12 January 2021 (the “ Date of Grant ”)

Exercise price of Share Options granted:

HK$4.218 to subscribe for one Share, representing the highest of:

• (i) the closing price of HK$4.13 per Share as stated in the daily quotations sheet issued by the Stock Exchange on the Date of Grant;

• (ii) the average closing price of HK$4.218 per Share as stated in the daily quotations sheets issued by the Stock Exchange for the five business days immediately preceding the Date of Grant; and

• (iii) the nominal value of HK$0.02 per Share

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Number of Share Options granted:

100,000,000 Share Options (each Share Option shall entitle the

holder of the Share Option to subscribe for one Share)

Validity period of the Share Options:

Five years commencing from the Date of Grant

All of the above 100,000,000 Share Options were granted to grantees who are management staff of the Group. To the best knowledge, information and belief of the Directors, having made all reasonable enquiry, none of the grantees is a director, chief executive or substantial shareholder of the Company, nor an associate (as defined in the Listing Rules) of any of them.

By order of the Board Chow Hing Yeung Company Secretary

Hong Kong, 12 January 2021

As at the date of this announcement, the Board comprises Mr. Qu Jiguang, Mr. Wang Xianjun and Mr. Su Xuejun as executive Directors, Mr. Feng Hao as non-executive Director and Mr. Wang Yibing, Mr. Leung Chong Shun and Mr. Chow Kwok Wai as independent non-executive Directors.

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