Q Technology : GRANT OF SHARE OPTIONS

Hong Kong Exchange and Clearing Limited and The Stock Exchange of Hong Kong Limited (the "Stock Exchange") 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.

Q TECHNOLOGY (GROUP) COMPANY LIMITED

丘鈦科技（集團）有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1478)

GRANT OF SHARE OPTIONS

This announcement is made by Q Technology (Group) Company Limited (The "Company", together with its subsidiaries, the "Group") pursuant to Rule 17.06A of the Rules Governing the Listing of Securities on the Stock Exchange (the "Listing Rules").

The board (the "Board") of directors (the "Directors") of the Company hereby announces that on 16 September 2020, the Company granted share options (the "Share Options") to 119 eligible participants (the "Grantees") to subscribe for a total of 17,879,600 ordinary shares of HK$0.01 each in the capital of the Company (the "Shares"), subject to acceptance by the Grantees in accordance with the terms and conditions of the share option scheme adopted by the Company on

13 November 2014 (the "Share Option Scheme"). Among the Share Options granted above, a total of 12,619,600 Share Options (the "Share Options Batch One") granted to 83 Grantees will be exercisable as early as 1 April 2021, and a total of 5,260,000 Share Options (the "Share Options Batch Two") granted to 36 Grantees will be exercisable as early as 1 April 2022. Details of the Share Options granted are set out as follows:

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In each of the aforesaid exercise period, if a Grantee's performance appraisal result for the preceding calendar year before an exercise period is level D, the Board is entitled to cancel all Share Options exercisable in that exercise period of that Grantee; and if a Grantee's performance appraisal result for the preceding calendar year before an exercise period is level B or C, the Board is entitled to cancel some Share Options exercisable in that exercise period of that Grantee.

As at the Date of Grant, the Company has 1,172,250,680 Shares in issue. Among the 17,879,600 Share Options granted above, 1,380,000 Share Options of Share Options Batch One were granted to the following Grantees who is a Director or a chief executive of the Company:

The grant of Share Options to each of Mr. Wang Jianqiang and Mr. Hu Sanmu has been approved by all the independent non-executive Directors of the Company pursuant to Rule 17.04(1) of the Listing Rules.

Save as disclosed above, none of the Grantees is a Director, chief executive or substantial shareholder of the Company, or any of their respective associate(s) (as defined in the Listing Rules) as at the date of this announcement.

By Order of the Board

Q Technology (Group) Company Limited

He Ningning

Chairman and Executive Director

Hong Kong, 16 September 2020

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.

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