A8 New Media : GRANT OF SHARE OPTION

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.

A8 New Media Group Limited

A8 新媒體集團有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 800)

GRANT OF SHARE OPTION

This announcement is made pursuant to Rule 17.06A of the Rules Governing the Listing of

Securities on The Stock Exchange of Hong Kong Limited ("Stock Exchange") ("Listing

Rules").

The board ("Board") of directors ("Directors") of A8 New Media Group Limited ("Company")

hereby announces that the Board has approved the remuneration structure adjustment proposal of

Mr. Liu Xiaosong ("Mr. Liu"), the chairman of the Board, an executive Director and the

controlling shareholder of the Company, according to which since 2015 Mr. Liu's proportion of cash remuneration will decline sharply and the proportion of non-cash remuneration will increase accordingly.

On 20 June 2019, the Company has granted to Mr. Liu, subject to acceptance by Mr. Liu, a

share option ("Option") to subscribe for an aggregate of 18,543,000 ordinary shares of HK$0.01

each in the share capital of the Company ("Shares") (upon exercise in full and subject to adjustment in accordance with the share option scheme adopted by the Company on 25 May

2018 ("Share Option Scheme")) under the Share Option Scheme. Details of the Option are set

out below:

Date of grant	:	20 June	2019 ("Date of Grant")
Exercise price of Option	:	HK$ 0.221 per Share ("Exercise Price")
granted
		The Exercise Price represents the highest of:
		(i)	the closing price of HK$ 0.221 per Share as stated in
			the daily quotations sheet issued by the Stock Exchange
			on 20 June 2019, being the Date of Grant;
		(ii)	the average closing price of HK$ 0.218 per Share as
			stated in the daily quotations sheet issued by the Stock
			Exchange for the five business days immediately
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				preceding 20 June 2019, being the Date of Grant; and
				(iii) the nominal value of the Share, which is HK$0.01.
Total number of	Shares	: 18,543,000 Shares (representing approximately 0.69% of the total
to be	issued		upon	issued share capital of the Company as at the date of this
exercise	in full	of	the	announcement)
Option granted
Vesting period of the	: The Option shall be vested at one time commencing on 20 June
Option				2019.
Validity	period	of	the	: The Option is exercisable from the date of vesting to the earlier
Option	(subject	to	of:
acceptance)			(i) the date on which such Option lapses in accordance with the
				terms of the Share Option Scheme; or
				(ii) the date falling 10 years from the Date of Grant
Consideration for the	: HK$1.00 to be paid by Mr. Liu upon the acceptance of the
grant of the Option		Option granted

As at the Date of the Grant, the Company had 2,700,886,628 Shares in issue.

The grant of the Option to Mr. Liu has been reviewed and approved by the independent non- executive Directors in accordance with Rule 17.04(1) of the Listing Rules.

On behalf of the Board

A8 New Media Group Limited

Chairman & Executive Director

Liu Xiaosong

Hong Kong, 20 June 2019

As at the date of this announcement, the Board of the Company comprises:

1. Executive Directors namely Mr. Liu Xiaosong and Mr. Lin Qian; and
2. Independent Non-Executive Directors namely Mr. Chan Yiu Kwong, Ms. Wu Shihong and Mr. Li Feng.

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