SIM Technology : ANNOUNCEMENT

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SIM TECHNOLOGY GROUP LIMITED 晨訊科技集團有限公司*

(Incorporated in Bermuda with limited liability)

(Stock code: 2000)

ANNOUNCEMENT

This announcement is made pursuant to Rule 13.09 of the Rules Governing the Listing of the Securities on The Stock Exchange of Hong Kong Limited and Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the laws of Hong Kong).

The board of directors of SIM Technology Group Limited ("Company", together with its subsidiaries, "Group") hereby announces that the unaudited monthly revenue of the Group for the month of December 2017 is approximately HK$512.4 million (November 2017:

HK$293.6 million), in which the revenue from the sale of residential properties is approximately HK$188.2 million (November 2017: HK$ 10.2 million) and the revenue from the sale of handsets, solutions and intelligent terminals, the wireless communications modules business, the internet of things business together with the intelligent manufacturing business (together, "core business") is approximately of HK$324.2 million (November 2017:

HK$283.5 million). The revenue of the core business of December 2017 increased by 14.4% as compared with that of last month, and increased by 20.9% as compared with that of the same period last year (December 2016: HK$268.1 million). The unaudited revenue of the Group for the year ended 31 December 2017 is approximately HK$3,257.5 million, which increased by 19.6% as compared to same period last year (year ended 31 December 2016:

HK$2,724.4 million).

The Group is principally engaged in the People's Republic of China in (i) the ODM (original design manufacturer) of handsets and intelligent terminals, (ii) the manufacturing and sale of wireless communication modules, (iii) the intelligent manufacturing business, (iv) the internet of things business and (v) property development in a small scale.

The above information is extracted from the management accounts of the Group, which have not been reviewed or audited by the auditors of the Company. All information shall be subject to the audited financial information of the Group. Investors and shareholders of the Company are advised not to rely on such information, and the directors of the Company shall not be responsible for any reliance placed thereon.

Investors and shareholders of the Company should exercise caution when dealing in the shares of the Company.

By order of the Board

SIM Technology Group Limited

Wong Cho Tung Executive Director

9 January 2018

As at the date of this announcement, the executive directors of the Company are Ms Yeung Man Ying, Mr Wong Cho Tung, Ms Tang Rongrong, Mr Chan Tat Wing, Richard and Mr Liu Jun, and the independent non-executive directors of the Company are Mr Liu Hing Hung, Mr Wang Tianmiao and Mr Wu Zhe.

* For identification purposes only