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.

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 of directors (the "Board") of Digital China Holdings Limited (the "Company") hereby announces that on 21 May 2018, 9,100,000 share options (the "Share Options") were granted to employees of the Company and/or its subsidiaries (the "Grantees"), subject to acceptance of the Grantees under the share option scheme adopted by the Company on 15 August 2011.

The following are the details of the Share Options granted:

Date of grant : 21 May 2018

Number of Share Options granted : 9,100,000 Share Options representing the rights to subscribe for up to a total of 9,100,000 new ordinary shares of HK$0.10 each in the Company (the "Shares")

Exercise price of Share Options

:

HK$4.818 per Share, representing the highest

granted

of:

(i)the closing price of HK$4.79 per Share as stated in the daily quotation sheets of the Stock Exchange on the date of grant;

  • (ii) the average closing price of HK$4.818 per Share as stated 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$0.10 per ShareClosing price of the Shares on the date of grant

:

HK$4.79 per Share

The validity period of the Share Options will be from 21 May 2018 to 20 May 2026.

None of the Grantees is a director, chief executive or substantial shareholder of the Company or any of their respective associates (as defined under the Listing Rules).

By order of the Board Digital China Holdings Limited

(神州數碼控股有限公司*)

GUO Wei Chairman

Hong Kong, 21 May 2018

As at the date of this announcement, the Board comprises nine directors, namely:-

Executive Directors: Mr. GUO Wei (Chairman) and Mr. LIN Yang (Chief Executive Officer)

Non-executive Directors: Mr. YU Ziping and Mr. PENG Jing

Independent Non-executive Directors: Mr. WONG Man Chung, Francis, Ms. NI Hong (Hope), Dr. LIU Yun, John, Ms. YAN Xiaoyan and Mr. LAI Daniel, BBS, JP

Website:www.dcholdings.com.hk

*For identification purpose only

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Digital China Holdings Ltd. published this content on 21 May 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 21 May 2018 10:24:02 UTC