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.

Cowell e Holdings Inc.

高偉電子控股有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1415) GRANT OF SHARE OPTIONS

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

The board (the "Board") of directors (the "Directors") of Cowell e Holdings Inc. (the "Company", together with its subsidiaries as the "Group") announces that the Board has resolved to grant share options (the "Options") to an eligible person (the "Grantee"), being an employee of the Group, to subscribe for a total of 400,000 ordinary shares of US$0.004 each in the share capital of the Company (each a "Share"), subject to acceptance of the Grantee, under the share option scheme adopted by the Company on 4 February 2015 and the payment of HK$1 by the Grantee upon acceptance of the Options.

Details of the Options granted are set out below:

Date of grant : 20 June 2017 (the "Date of Grant")

Exercise price : HK$3.04 per Share (which is higher than the highest of

(i) the nominal value of US$0.004 per Share, subject to adjustment; (ii) the closing price of HK$3.04 per Share as quoted in the Stock Exchange's daily quotations sheet on the Date of Grant; and (iii) the average closing price of HK$2.566 per Share as quoted in the Stock Exchange's daily quotation sheets for the five business days immediately preceding the Date of the Grant)

Closing price of the Shares on Date of Grant

: HK$3.04 per Share

Number of Options granted : 400,000 Options (each Option shall entitle the Grantee to

subscribe for one Share)

Validity period of the Options : From the Date of Grant to 19 June 2027 (both days

inclusive)

Exercisable period of the Options : Options are exercisable from 20 June 2020 to 19 June

2027 (both dates inclusive)

The Grantee is neither a Director, chief executive nor substantial shareholder of the Company nor associates (as defined in the Listing Rules) of any of them.

By order of the Board

Cowell e Holdings Inc. Seong Seokhoon

Chairman

Hong Kong, 20 June 2017

As at the date of this announcement, the Board comprises Mr. Kim Kab Cheol, Mr. Seong Seokhoon and Mr. Lee Dong Goo as executive Directors; Mr. Kim Chan Su, Dr. Song Si Young and Mr. Andrew Look as independent non-executive Directors.

Cowell e Holdings Inc. published this content on 20 June 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 20 June 2017 11:40:05 UTC.

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