Zengame Technology Holding Limited — Director's Dealing 2021

Jun 3, 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.

Zengame Technology Holding Limited 禪遊科技控股有限公司

(incorporated in the Cayman Islands with limited liability)

(Stock Code: 2660)

GRANT OF SHARE OPTIONS

This announcement is made pursuant to Rule 17.06A of the Rules (the “ Listing Rules ”) Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “ Stock Exchange ”).

The board (the “ Board ”) of directors (the “ Directors ”) of Zengame Technology Holding Limited (the “ Company ”) hereby announces that on 3 June 2021 (the “ Date of Grant ”), 16,000,000 share options (the “ Share Options ”) to subscribe for the ordinary shares of HK$0.01 each in the share capital of the Company (the “ Shares ”) were granted, subject to acceptance of the grantees (the “ Grantees ”), under the share option scheme (the “ Share Option Scheme ”) adopted by the Company on 28 March 2019.

The details of the Share Options granted are as follows:

Each Share Option shall entitle the holder of the Share Option to subscribe for one Share upon exercise of such Share Option at an exercise price of HK$1.29 per Share, which represents the highest of (1) the nominal value of a Share; (2) the closing price of HK$1.24 per Share as stated in the daily quotation sheets issued by the Stock Exchange on the Date of Grant; and (3) the average closing price of HK$1.29 per Share as stated in the daily quotation sheets issued by the Stock Exchange for the five business days immediately preceding the Date of Grant.

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The Share Options granted shall vest in the proposed Grantees in accordance with the timetable below, each with an exercise period commencing from the relevant Vesting Date and ending 10 years after the Date of Grant (for this purpose, the date or each such date on which the Share Options are to vest being hereinafter referred to as a “ Vesting Date ”):

Vesting Date Percentage of Share Options to vest

3	June	2022	25% of the total number of Share Options granted
3	June	2023	25% of the total number of Share Options granted
3	June	2024	25% of the total number of Share Options granted
3	June	2025	25% of the total number of Share Options granted

Subject to the Listing Rules and the Share Option Scheme, the Board reserves its rights to specify appropriate performance targets and conditions that must be achieved before the exercise of the Share Options for each of the individual Grantees at its absolute discretion.

Among the Share Options, 4,000,000 share options were granted to the Directors of the Company with details as follows:

		Number of Share
Name of Director	Position	Options granted
Ye Sheng	Executive Director	2,000,000
Yang Min	Executive Director	2,000,000

The grant of the Share Options to the Director has been approved by the independent nonexecutive Directors according to Rule 17.04(1) of the Listing Rules. The Grantee who is a Director has abstained from voting so far as the resolution for the approval of the grant of the Share Options to him was concerned. Save as disclosed in this announcement, none of the Grantees is a Director, chief executive or substantial shareholder of the Company, or their respective associates (as defined in the Listing Rules).

By Order of the Board Zengame Technology Holding Limited Ye Sheng Chairman

Hong Kong, 3 June 2021

As at the date of this announcement, the executive directors are Mr. Ye Sheng and Mr. Yang Min, the non-executive director is Ms. Fu Hao, and the independent non-executive directors are Mr. Jin Shuhui, Mr. Mao Zhonghua and Mr. Yang Yi.

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