WH Group Limited — Share Issue/Capital Change 2021

Dec 9, 2021

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited (the “ Stock Exchange ”) 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 Baoli Technologies Holdings Limited 中國寶力科技控股有限公司

(Incorporated in Bermuda with limited liability)

(Stock Code: 164)

GRANT OF SHARE OPTIONS

This announcement is made by China Baoli Technologies Holdings Limited (the “ Company ”, together with its subsidiaries, the “ Group ”) pursuant to Rule 17.06A of the Rules Governing the Listing of Securities on the Stock Exchange (the “ Listing Rules ”).

The board (the “ Board ”) of directors (the “ Director(s) ”) of the Company announces that on 9 December 2021 (the “ Date of Grant ”), the Company granted 37,215,612 share options (the “ Options ”) to certain eligible persons (collectively, the “ Grantee(s) ”) to subscribe for an aggregate of 37,215,612 shares of HK$0.01 each in the capital of the Company (the “ Share(s) ”) under the share option scheme adopted by the Company on 30 September 2021 (the “ Share Option Scheme ”), subject to the acceptance of the Grantees. Details of the Options granted are as follows:

• Date of grant : 9 December 2021 Number of Options granted : 37,215,612 Exercise price of the Options : HK$0.339 per Share, which represents the highest of: granted (i) the closing price of HK$0.315 per Share as quoted in the Stock Exchange’s daily quotation sheet on the Date of Grant;

• (ii) the average closing price of HK$0.339 per Share as quoted in the Stock Exchange’s daily quotation sheets for the five business days immediately preceding the Date of Grant; and

• (iii) the nominal value of HK$0.01 per Share

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Validity period of the Options : 5 years from the Date of Grant, i.e. from 9 December 2021 to 8 December 2026 (both days inclusive) Exercise period of the Options : 5 years from the Date of Grant, i.e. from 9 December 2021 to 8 December 2026 (both days inclusive)

Among the total of 37,215,612 Options granted, 9,303,903 Options were granted to 3 executive Directors. The table below shows the breakdown of the Options that were granted:

		Number of
Name/Type of Grantee	Position(s) held with the Company	Option(s) granted
Zhang Yi	Executive Director and Chairman	3,721,561
	of the Board
Chu Wei Ning	Executive Director and Chief	3,721,561
	Executive Officer
Lam Sze Man	Executive Director	1,860,781
Employees	Employee of the Group	20,096,431
3 Consultants	Consultant of the Group	7,815,278
Total:		37,215,612

Among the total of 37,215,612 Options granted, 7,815,278 Options were granted to three consultants (the “ Consultants ”), including Wang WeiYong, Maher EL Omari, and Yiu Yu Hong, John. All three Consultants are independent third parties, and the Company engaged them for providing advices on fund raising activities, or development and operation of the Group’s multi-media and gamma ray businesses. Options were granted to the Consultants as their service fees. The Company believes that this provides motivations for the Consultants to create value for the Company without affecting the cash flow of the Company.

The above offers of Options to each of the above Directors had been approved by the independent non-executive Directors in accordance with Rule 17.04(1) of the Listing Rules. The grant of Options to the above Grantees had also been approved by the Board, save that each of the Directors who is also a Grantee had abstained from approving the resolutions relating to the grant of Options to him/her.

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Save as disclosed above, to the best of the knowledge and belief of the Directors, none of the Grantees is a Director, chief executive or substantial shareholder (as defined in the Listing Rule) of the Company or an associate (as defined in the Listing Rules).

By Order of the Board China Baoli Technologies Holdings Limited Zhang Yi Chairman

Hong Kong, 9 December 2021

As at the date of this announcement, the executive Directors are Mr. Zhang Yi (Chairman), Ms. Chu Wei Ning (Chief Executive Officer) and Ms. Lam Sze Man; and the independent non-executive Directors are Mr. Chan Fong Kong, Francis, Mr. Chan Kee Huen, Michael and Mr. Feng Man.

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