Vobile Group Limited — Capital/Financing Update 2020

Jul 3, 2020

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Vobile Group Limited 阜 博 集 團 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 3738)

SUPPLEMENTAL ANNOUNCEMENT

PROPOSED ISSUE OF

HK$100,000,000 CONVERTIBLE BONDS DUE JULY 2022 UNDER GENERAL MANDATE

We refer to the announcement of Vobile Group Limited (the ‘‘Company’’) dated June 29, 2020 (the ‘‘Announcement’’) regarding the issue of convertible bonds with an aggregate principal amount of HK$100,000,000 to Poly Platinum Enterprises Limited (the ‘‘Investor’’). Unless the context otherwise requires, capitalized terms used in this announcement shall have the same meanings as those defined in the Announcement.

This announcement is made to provide additional information in relation to the Investor.

The Investor is an investment holding company incorporated in British Virgin Islands with limited liability. It is a wholly-controlled subsidiary of Greater Bay Area Homeland Development Fund LP (大 灣區共同家園發展基金有限合夥), a limited partnership fund incorporated in the Cayman Islands on May 23, 2018 (the ‘‘Greater Bay Area Fund’’).

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The Greater Bay Area Fund is a fund that was jointly established by international large-scale industrial institutions, financial institutions and new economic enterprises. The total amount committed by the limited partners is approximately HK$10 billion at the time of the Greater Bay Area Fund’s establishment.

The Greater Bay Area Fund is controlled by Greater Bay Area Homeland Development Fund (GP) Limited (the ‘‘GBAHD GP’’) as general partner, and the Greater Bay Area Fund is under discretionary management by Greater Bay Area Development Fund Management Limited (the ‘‘GBAD Fund Management’’), a Type 1, 4 and 9 licensed corporation under the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

The Greater Bay Area Fund covers a range of activities, including venture capital, private equity investments and listed company investments and mergers and acquisitions. The objective of Greater Bay Area Fund is to grasp the historical opportunities of the development of Guangdong-Hong KongMacao Greater Bay Area, and the construction of an international innovation and technology hub, which focuses on technological innovation, industrial upgrading, quality of life, smart city and all other related industries.

Both GBAHD GP and GBAD Fund Management are wholly-owned by Greater Bay Area Homeland Investments Limited (‘‘GBAHIL’’), a company incorporated in Hong Kong with limited liability that was jointly owned by a number of international large-scale industrial institutions, financial institutions and new economic enterprises, each of which holds less than 15% shareholding in GBAHIL.

By order of the Board Vobile Group Limited Yangbin Bernard WANG Chairman, Executive Director and Chief Executive Officer

Hong Kong, July 3, 2020

As at the date of this announcement, the board of directors of the Company comprises Mr. Yangbin Bernard WANG and Mr. Michael Paul WITTE as executive directors; Mr. J David WARGO and Mr. WONG Wai Kwan as non-executive directors; and Mr. CHAN King Man Kevin, Mr. Derek CHANG, Mr. Alfred Tsai CHU and Mr. Charles Eric EESLEY as independent non-executive directors.

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