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.

PYI Corporation Limited (Incorporated in Bermuda with limited liability) (Stock Code: 498) Grant of Share Options

On 27 June 2014, the Company granted 137,826,000 Share Options to the
Grantees.
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 (the "Listing Rules").
The board of directors (the "Board") of PYI Corporation Limited (the "Company") announces that the Company has granted share options (the "Share Options") to certain eligible persons (the "Grantees") under the share option scheme adopted by the Company on 10 September 2012, subject to acceptance of the Grantees, to subscribe for ordinary shares of HK$0.10 each in the share capital of the Company (the "Shares"). Brief details of such grant are as follows:
Date of grant: 27 June 2014 (the "Date of Grant")
Number of Share Options granted: 137,826,000 Share Options, each Share Option entitling the Grantees to subscribe one Share
Exercise price of Share Options granted:
HK$0.1624, which represents the highest of (i) the closing price of HK$0.16 per Share as stated in the daily quotations sheet of The Stock Exchange of Hong Kong Limited (the "Stock Exchange") on the Date of Grant; (ii) the average closing price of HK$0.1624 per Share as stated in the daily quotations sheet of the Stock Exchange for the five business days immediately preceding the Date of Grant; and (iii) the nominal value of HK$0.10 per Share on the Date of Grant
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Closing price of the Shares on the
Date of Grant:
HK$0.16 per Share
Validity and exercise period of the
Share Options:
The Share Options granted to each Grantee shall be valid for 3 years commencing from the Date of Grant and exercisable during the relevant periods set out below:
(a) One-third of the Share Options shall be exercisable from 27 June 2014 to
26 June 2017;
(b) One-third of the Share Options shall be exercisable from 27 June 2015 to
26 June 2017; and
(c) One-third of the Share Options shall be exercisable from 27 June 2016 to
26 June 2017.
Among the 137,826,000 Share Options granted, 64,318,800 Share Options have been granted to an executive director of the Company with details as follows:

Name Position in the Company

Number of Share

Options granted

Lau Ko Yuen, Tom
("Mr. Lau")
Chairman and Managing
Director
64,318,800
In accordance with Rule 17.04(1) of the Listing Rules, the grant of the Share Options to Mr. Lau has been approved by the independent non-executive directors of the Company.
Save as disclosed above, none of the Grantees is a director, chief executive or substantial shareholder of the Company, or an associate (as defined in the Listing Rules) of any of them.
Hong Kong, 27 June 2014
By order of the Board PYI Corporation Limited Ko Hiu Fung

Company Secretary

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As at the date of this announcement, the composition of the Board of the Company is as follows:

Mr Lau Ko Yuen, Tom : Chairman and Managing Director

Mr Chan Yiu Lun, Alan : Executive Director

Dr Chan Kwok Keung, Charles : Non-Executive Director

(with Mr Chan Yiu Lun, Alan as alternate)

Mr Chan Shu Kin : Independent Non-Executive Director Mr Leung Po Wing, Bowen Joseph GBS, JP : Independent Non-Executive Director Mr Li Chang An : Independent Non-Executive Director Ms Wong Lai Kin Elsa : Independent Non-Executive Director

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