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.

(Incorporated in Bermuda with limited liability)

(Stock Code: 1131) THE GRANT OF SHARE OPTIONS THE GRANT OF SHARE OPTIONS

The Board is pleased to announce that 15,000,000 Shares Options are granted to an advisor and a consultant of the Company to subscribe for a total of 15,000,000 Shares, subject to acceptance of the grantees.

THE 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 of Agritrade Resources Limited (the "Company") is pleased to announce that on 27 April 2017, an aggregate of 15,000,000 shares options (the "Share Options") of the Company are granted (the "Grant") to an advisor and a consultant of the Company to subscribe for a total of 15,000,000 ordinary shares (the "Shares") of HK$0.1 each in the capital of the Company, subject to acceptance of the grantees, under the share option scheme adopted by the Company on 12 October 2012. The followings are the details of the Grant:

Date of grant

:

27 April 2017

Exercise price of the share options

:

HK$1.382 per Share, which represents the highest of (i) the closing price of HK$1.32 per Share as stated in the daily quotations sheet of the Stock Exchange on 27 April 2017, being the date of grant; (ii) the average closing price of HK$1.382 per Share as stated in the daily quotations sheet of the Stock Exchange for the five business days immediately preceding 27 April 2017; and (iii) HK$0.1, being the nominal value of the Share.

Number of share options granted

:

15,000,000

Validity period of the share options

:

Ten years, from 27 April 2017 to 26 April

2027

The grantees are not a director, chief executive or substantial shareholder (as defined in the Listing Rules) of the Company, or an associate (as defined in the Listing Rules) of any of them.

By order of the Board Agritrade Resources Limited Ng Xinwei

Chief Executive Officer

Hong Kong, 27 April 2017

As at the date of this announcement, the Board comprises Mr. Ng Say Pek (Chairman), Mr. Ng Xinwei, Ms. Lim Beng Kim, Lulu and Mr. Ashok Kumar Sahoo as executive Directors and Mr. Chong Lee Chang, Mr. Siu Kin Wai, Mr. Terence Chang Xiang Wen and Mr. Cheng Yu as independent non-executive Directors.

Agritrade Resources Ltd. published this content on 27 April 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 27 April 2017 12:37:17 UTC.

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