SuperRobotics Limited — Capital/Financing Update 2016

Dec 8, 2016

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 is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for any securities of the Company.

SkyNet Group Limited 航空互聯集團有限公司

(Incorporated in the Cayman Islands and continued in Bermuda with limited liability)

(Stock Code: 8176)

SUPPLEMENTAL ANNOUNCEMENT REGARDING PLACING OF NEW SHARES UNDER GENERAL MANDATE

Placing Agent

==> picture [105 x 35] intentionally omitted <==

Reference is made to the announcement of SkyNet Group Limited (the “ Company ”) dated 23 November 2016 (the “ Announcement ”) in relation to the Placing Agreement. Unless otherwise stated, terms used in this announcement have the same meanings as defined in the Announcement.

As disclosed in the Announcement, the maximum gross proceeds from the Placing are expected to be approximately HK$170.00 million. The maximum net proceeds from the Placing (after deducting the commission payable to the Placing Agent and other costs, expenses and fees incurred in the Placing) are estimated to be approximately HK$167.70 million. The net proceeds raised per Placing Share upon Completion will be approximately HK$4.74 per Placing Share. The Company intends to use the net proceeds from the Placing:

• (i) as to approximately HK$46.30 million to settle the shareholders’ loan due by Engineering Services Inc. (“ ESI ”), a Canadian company being acquired by the Group, after the completion of the proposed acquisition (please refer to the Company’s announcement dated 23 November 2016 for more details); and

• (ii) as to approximately HK$121.40 million as general working capital of the Group (the “ General Working Capital ”).

— 1 —

The Company would like to supplement that the detailed allocation and expected timeline of the use of proceeds from the Placing in respect of the General Working Capital is as follows:

		HK$ million	Expected timeline
Purchase	of equipment for research and development and
related	expenses_(note a)_	30.00	6 months
Working	capital_(note b)_	91.40	14 months
Total		121.40

Notes:

• a. The expenses for purchase of equipment for research and development and related expenses in respect of the Company’s Wifi business and ESI are expected to be incurred within 6 months.

• b. Approximately HK$52.70 million of the net proceeds from the Placing will be used as working capital for the operations in the Company’s Wifi, beauty products and therapy services businesses. With the Group’s cash balance of approximately HK$29.40 million before the Placing, a total cash balance of approximately HK$82.10 million will be available for the operations in the Company’s Wifi, beauty products and therapy services businesses. As such operations are currently operating with a net cash outflow, the Company expects that the total cash balance of approximately HK$82.10 million will be able to finance the foregoing operations in the coming 14 months.

Approximately HK$38.70 million of the net proceeds from the Placing will be used as working capital for the operations in ESI. As ESI is currently operating with a net cash outflow, the Company expects that the HK$38.70 million will be able to finance ESI’s operations in the coming 12 months.

Since the completion of the Placing is subject to fulfillment of the conditions under the Placing Agreement, the Placing may or may not proceed. Shareholders and potential investors are reminded to exercise caution when dealing in the Shares.

By Order of the Board SkyNet Group Limited Cai Zhaoyang

Executive Director, Chairman and Chief Executive Officer

Hong Kong, 8 December 2016

— 2 —

As at the date of this announcement, the Board comprises three executive Directors, namely Mr. Cai Zhaoyang, Mr. Chan Kin Wah Billy and Mr. Lee Chan Wah, and three independent non-executive Directors, namely Mr. Tam B Ray Billy, Mr. Chu Kin Wang Peleus and Mr. Tse Joseph.

This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with Rules Governing the Listing of Securities on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that, to the best of their knowledge and belief, the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading.

This announcement will remain on the “Latest Company Announcements” page of the website of the Growth Enterprise Market at http://www.hkgem.com for at least 7 days from the date of its posting and be posted on the website of the Company at http://www.skynetgroup.com.hk.

— 3 —