WH Group Limited — Share Issue/Capital Change 2011

Jan 25, 2011

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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China Gamma Group Limited 中國伽瑪集團有限公司

(Incorporated in Bermuda with limited liability) (Stock Code: 164)

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 board of directors (the “Board”) of China Gamma Group Limited (the “Company”) hereby announces that on 25 January 2011, the Company has granted, subject to acceptance of the grantees, share options (the “Options”) to certain eligible persons under the share option scheme of the Company adopted on 24 April 2002, to subscribe for a total of 277,500,000 ordinary shares of HK$0.01 each of the Company (the “Shares”). Details of the Options granted are set out below:-

Date of grant	:	25 January 2011
Exercise price of Options granted	:	HK$0.15 per Share
Number of Options granted	:	277,500,000
Closing market price of the Share	:	HK$0.15 per Share
on the date of grant
Validity period of the Options	:	The exercise period of the Options shall
		be 2 years from the date of grant and the
		Options shall lapse at the expiry of the
		exercise period.

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Among the total of 277,500,000 Shares under the Options granted, 2,500,000 Shares were granted to the directors of the Company as follows:

Name of Director

Position

No. of Shares under the Options granted

Ma Kwok Hung, Warren	Non-executive Director	500,000
Chow Siu Ngor	Non-executive Director	500,000
Chan Chi Yuen	Independent non-executive Director	500,000
Wong Hoi Kuen, Edmund	Independent non-executive Director	500,000
Hung Hing Man	Independent non-executive Director	500,000
		_______________
	Total:	2,500,000
		=============

By order of the Board China Gamma Group Limited Ho Chi Ho Executive Director

Hong Kong, 25 January 2011

As at the date of this announcement, the executive director of the Company is Mr. Ho Chi Ho; the non-executive directors of the Company are Mr. Ma Kwok Hung, Warren and Mr. Chow Siu Ngor; and the independent non-executive directors of the Company are Mr. Wong Hoi Kuen, Edmund, Mr. Chan Chi Yuen and Mr. Hung Hing Man.

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