Q Technology : UPDATE ON DISCLOSEABLE TRANSACTION IN RELATION TO THE PRIVATE PLACEMENT OF NEWMAX TECHNOLOGY CO., LTD.

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this announcement, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

This announcement appears for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for securities.

丘鈦科技（集團）有限公司

(Incorporated in the Cayman Islands with limited liability)

Reference is made to the announcement of the Company dated 19 March 2017 in relation to the Private Placement ("Announcement"). Unless otherwise stated, capitalised terms used in this announcement shall have the same meanings as those defined in the Announcement.

The Board is pleased to announce that the Company received an approval letter from the Investment Commission of the Ministry of Economic Affairs of Taiwan（ 台灣經濟部投資審議委員會）on 23 August 2017 in respect of its application to participate in the Private Placement (the "Approval"). Pursuant to the Share Subscription Agreement, the Company shall settle the consideration for the Placing Shares within seven business days after obtaining the Approval. The Target Company shall apply to the relevant government departments to issue Placing Shares to the Company according to the laws and regulations in Taiwan.

The Target Company shall then send the documents necessary to the Department of Commerce, Ministry of Economic Affairs of Taiwan（ 台灣經濟部商業司）to update the change of capital registration and such registration may be completed within two weeks. The Placing Shares can be traded on the Taipei Exchange if all applicable laws and regulations concerned are met when the restriction period of Placing Shares has expired according to the Share Subscription Agreement.

By order of the Board of

Chairman and Executive Director

Hong Kong, 24 August 2017

As at the date of this announcement, the Executive Directors are Mr. He Ningning (Chairman), Mr. Wang Jianqiang (Chief Executive Officer) and Mr. Hu Sanmu; and the Independent Non executive Directors are Mr. Ko Ping Keung, Mr. Chu Chia-Hsiang and Mr. Ng Sui Yin.