Chanjet Information Technology : INSIDE INFORMATION ANNOUNCEMENT - 2019 SUPPLEMENTAL POINT GRANT

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暢 捷 通 信 息 技 術 股 份 有 限 公 司

CHANJET INFORMATION TECHNOLOGY COMPANY LIMITED*

(A joint stock company incorporated in the People's Republic of China with limited liability)

(Stock Code: 1588)

INSIDE INFORMATION ANNOUNCEMENT

2019 SUPPLEMENTAL POINT GRANT

This announcement is made by Chanjet Information Technology Company Limited (the "Company") pursuant to Rule 13.09(2)(a) of the Listing Rules and Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

Reference is made to the announcement of the Company dated 29 March 2019 (the "Announcement") in relation to, among other things, the adoption of the Point Scheme and the 2019 Initial Point Grant. Unless otherwise specified, capitalized terms used herein shall have the same meanings as those defined in the Announcement.

2019 SUPPLEMENTAL POINT GRANT

Pursuant to the Point Scheme, during a Point Granting Year, after the Annual Initial Point Grant has been conducted by the Company, taking into account the grant of incentives to employees newly hired and regularized during the year in a timely manner, the Company may, if necessary, conduct a one-off supplemental grant of the Points to qualified Participants in accordance with its staffing plan when appropriate after the Annual Initial Point Grant, being the Annual Supplemental Point Grant.

In accordance with the strategic development goals of the Company, and in order to facilitate the rapid elevation of the performance of the Company, as well as to strengthen the attraction, retention and motivation of core talents of the Company, on 6 December 2019, the Board has, pursuant to the Point Scheme, considered and approved the 2019 supplemental grant of the Points to three designated Participants, under which a total of 2,400 Points are granted (the "2019 Supplemental Point Grant").

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The number of the Points to be granted to the three designated Participants under the 2019 Supplemental Point Grant is calculated and determined with reference to, among other things, the number of the Points granted to similar Participants who hold posts of the same rank at the 2019 Initial Point Grant and the number of remaining months during which each of them will be in office after his regularization in that Point Granting Year.

The Points granted to the three designated Participants under the 2019 Supplemental Point Grant shall become effective upon satisfaction of the same conditions as that for the Points granted to the 94 designated Participants at the 2019 Initial Point Grant, details of such conditions are set out in the Announcement. In addition, the Point Proceeds of the 2019 Supplemental Point Grant and the Point Proceeds of the 2019 Initial Point Grant will be calculated and distributed at the same time, and the Point Granting Price and effective price of the Points of the 2019 Supplemental Point Grant will be the same as the Point Granting Price and effective price of the Points of the 2019 Initial Point Grant, respectively.

IMPLICATIONS UNDER THE LISTING RULES

The Point Scheme does not involve the grant of options in respect of new shares or other new securities of the Company or any of its subsidiaries, and is therefore not within the scope of, and subject to, Chapter 17 of the Listing Rules.

The 2019 Supplemental Point Grant has been considered and approved by the Remuneration and Appraisal Committee. None of the Directors is a Participant of the 2019 Supplemental Point Grant. Hence, none of the Directors has any material interest in the relevant resolutions and was required to abstain from voting on the relevant resolutions at the meeting of each of the Remuneration and Appraisal Committee and the Board to consider and approve the 2019 Supplemental Point Grant.

Shareholders and potential investors of the Company should exercise caution when dealing in the securities of the Company.

On behalf of the Board

Chanjet Information Technology Company Limited

Wang Wenjing

Chairman

Beijing, the PRC

6 December 2019

As at the date of this announcement, the non-executive Directors are Mr. Wang Wenjing and Mr. Wu Zhengping; the executive Director is Mr. Yang Yuchun; and the independent non-executive Directors are Mr. Chen, Kevin Chien-wen, Mr. Lau, Chun Fai Douglas and Mr. Chen Shuning.

• For identification purposes only

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