Computime : Voluntary Announcement - Litigation

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COMPUTIME GROUP LIMITED

金 寶 通 集 團 有 限 公 司*

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 320)

VOLUNTARY ANNOUNCEMENT - LITIGATION

This announcement is made by Computime Group Limited (the "Company", together with its subsidiaries, the "Group") on a voluntary basis.

The Company on 13 April 2021 received a writ of summons (the "Writ") indorsed with a statement of claim (the "Statement of Claim") filed with the Registry of the High Court of the Hong Kong Special Administrative Region issued by Altis Technology (Hong Kong) Limited ("Altis HK"), Altis Technology Limited ("Altis Technology"), and Altis Global Limited as the Plaintiffs (collectively the "Plaintiffs"). The defendants listed in the Writ are, among others, the Company and three direct or indirect wholly owned subsidiaries of the Company (CT Nova Limited, Computime China Distribution (Hong Kong) Limited and Computime International Limited; AUYANG Pak Hong Bernard ("Mr. AUYANG"), the chief executive officer and executive director of the Company; and Solar Power Group Limited, a substantial shareholder of the Company (collectively the "Defendants").

In the Statement of Claim, the Plaintiffs allege that Mr. AUYANG, during his tenure as director of Altis HK and Altis Technology, was in breach of his fiduciary duty and that the other Defendants dishonestly assisted in, or were knowing recipients of gains that were derived from, that breach. The Plaintiffs also claim against the Defendants for breach of confidence inducing breach of relevant employment agreements, passing off and unlawful means conspiracy.

The Plaintiffs claim against the Defendants, among others, compensation for loss, account of profits, injunction restraining future wrongful acts, and other expenses. No quantum of loss has been specified. Based on the Company's current assessment, it does not expect the above proceeding to have any material impact on the Group.

The Company has engaged legal counsel and will rigorously defend the proceedings in court.

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The Company will make further announcement(s) to update shareholders of the Company and potential investors on any significant developments in respect of the above claims if and when appropriate.

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

By Order of the Board

Computime Group Limited

AUYANG Ho

Chairman

Hong Kong, 13 April 2021

As at the date of this announcement, the directors of the Company are:

Executive Directors:

Mr. AUYANG Ho (Chairman)

Mr. AUYANG Pak Hong Bernard (Chief Executive Officer)

Mr. WONG Wah Shun

Non-executive Directors:

Mr. KAM Chi Chiu, Anthony

Mr. WONG Chun Kong

Independent Non-executive Directors:

Mr. LUK Koon Hoo

Mr. Patrick Thomas SIEWERT

Mr. HO Pak Chuen Patrick

Mr. Roy KUAN

• For identification purposes only

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