Yidu Tech Inc. — Capital/Financing Update 2021

Jul 29, 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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Yidu Tech Inc. 醫渡科技有限公司 (incorporated in the Cayman Islands with limited liability) (Stock Code: 2158)

GRANT OF OPTIONS

This announcement is made pursuant to Rule 17.06A of the Listing Rules.

The Board announces that on July 29, 2021, a total of 4,842,450 Options to subscribe for Shares were granted to selected Grantees under the Post-IPO Share Option Scheme by the Company, subject to acceptance of the Grantees. This will be the Company’s first grant of Options under the Post-IPO Share Option Scheme. The following are the details of the Options granted:

Date of Grant: July 29, 2021

Exercise price of the Options granted: Each Option shall entitle the holder to subscribe for one Share upon exercise of such Option at an exercise price of HK$34.52 per Share (being the higher of (a) the closing market price of the Shares on the Stock Exchange as stated in the daily quotations sheet of the Stock Exchange (the “ Closing Price ”) on July 29, 2021, being HK$33.90; and (b) the average Closing Price for the five business days immediately preceding the date of grant, being HK$34.52 per Share)

Number of Options granted: 4,842,450 Closing price of the Share on the date of grant: HK$33.90 per Share Validity period of the Options:

Until the last day of the 10-year period after the date of grant of the Options

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Among the Options granted this time, 2,198,250 Options were granted to 7 directors, chief executives or substantial shareholders of the Company or associates (as defined under the Listing Rules) of any of them, details of which are as follows:

		Number
		of Options
Name of Grantee	Position	granted
Ms. Yang Jing	Executive Director, president and chief financial officer	3,750
Dr. Yan Jun	Executive Director and chief technology officer	333,000
Ms. Zhang Shi	Executive Director, senior vice president (big data platform	627,750
	and solutions) and head of government affairs
Mr. He Zhi	Shareholder of Beijing Causa Health, chief innovation	227,250
	officer and a co-founder of the Company
Mr. Xu Jiming	Shareholder of Tianjin Happy Life, senior vice president	321,750
	(life sciences solutions) and a co-founder of the Company
Mr. Ming Jie Chua	Shareholder and director of EVYD Technology	485,250
Mr. Hao Yiming	Shareholder of Tianjin Happy Life and vice president	199,500
	(life sciences solutions)

Pursuant to Rule 17.04(1) and relevant requirements under Chapter 14A of the Listing Rules, such grant of Options to the abovementioned Grantees had been approved by the independent nonexecutive Directors.

Save as disclosed above, none of the Grantees of the Options is a director, chief executive or substantial shareholder of the Company or an associate (as defined under the Listing Rules) of any of them.

DEFINITIONS

In this announcement, unless the context otherwise requires, the following expressions shall have the following meanings:

“Beijing Causa Health”

Beijing Causa Health Technology Co., Ltd.* ( 北京因數健康科技有 限公司 ), a limited liability company established under the laws of the PRC on April 9, 2015 and a consolidated affiliated entity of the Company

“Board”

the board of Directors

“Company”

Yidu Tech Inc. ( 醫渡科技有限公司 ), a company with limited liability incorporated in the Cayman Islands on December 9, 2014, the Shares of which are listed on the Main Board of the Stock Exchange (Stock Code: 2158)

“Director(s)”

the director(s) of the Company

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“EVYD Technology”

EVYD Technology Sdn Bhd, a subsidiary of the Company incorporated in Brunei on April 27, 2020

“Grantee(s)”

participants selected and entitled to be offered and granted Options

“HK$”

Hong Kong dollars, the lawful currency of Hong Kong

“Hong Kong” the Hong Kong Special Administrative Region of the PRC

“Listing Rules” the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited

“Option(s)” option(s) to subscribe for Shares granted under the Post-IPO Share Option Scheme

“Post-IPO Share Option the post-IPO share option scheme adopted by the Company on Scheme” December 28, 2020 “PRC” the People’s Republic of China

“Share(s)” ordinary share(s) in the share capital of the Company, currently with a par value of US$0.00002 each

“Stock Exchange”

The Stock Exchange of Hong Kong Limited

“Tianjin Happy Life” Tianjin Happy Life Technology Co., Ltd.* ( 天津開心生活科技有限 公司 ), a limited liability company established under the laws of the PRC on January 23, 2017 and a consolidated affiliated entity of the Company

By order of the Board

Yidu Tech Inc. Gong Yingying Executive Director, Chairlady and Chief Executive Officer

Hong Kong, July 29, 2021

As at the date of this announcement, the Board comprises Ms. Gong Yingying, Ms. Yang Jing, Dr. Yan Jun and Ms. Zhang Shi as executive Directors, Ms. Gao Yongmei and Mr. Zeng Ming as non-executive Directors, and Dr. Ma Wei-Ying, Ms. Pan Rongrong and Prof. Zhang Linqi as independent non-executive Directors.

* For identification purpose only

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