IBO Technology : VOLUNTARY ANNOUNCEMENT TRIAL REPORT FOR IBO NEW 5G INDOOR COVERAGE SYSTEM

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.

IBO TECHNOLOGY COMPANY LIMITED

艾 伯 科 技 股 份 有 限 公 司

(incorporated in the Cayman Islands with limited liability)

(STOCK CODE: 2708)

VOLUNTARY ANNOUNCEMENT

TRIAL REPORT FOR IBO NEW 5G INDOOR COVERAGE SYSTEM

This announcement is made by IBO Technology Company Limited (the ''Company'', together with its subsidiaries, the ''Group'') on a voluntary basis to update the shareholders of the Company and potential investors of the Company on the latest business development of the Group.

BASIC INFORMATION OF THE PROJECT

Name of Project:	IBO New 5G Indoor Coverage system (the ''Project'')
Number of Trials:	1 near-end terminal (近端機) and 8	far-end terminals (遠端機)
Name of Customer:	China Mobile Group Shandong Company Limited Binzhou branch
	(the ''Customer'')
Product Model	Near-end terminal: IBOSF-JD26
Specification:	Far-end terminal: IBOSF-YD26
Date of Manufacture:	30 July 2020
Trial Date:	6 August 2020
Trial Report Date:	24 August 2020
Trial Address:	Wanda Plaza, No. 890, Huanghe 12th Road, Bincheng District,
	Binzhou City, Shandong Province

- 1 -

PROJECT DESCRIPTION

The Project is a low-cost new generation 5G signal indoor coverage product independently developed by Shenzhen IBO Communication Company Limited* (深圳市艾伯通信有限公 司), a subsidiary of the Company, making full use of the operator's existing 2G/3G/4G feed cable DAS systems. 5G signal source will be incorporated into the original DAS systems, which can save resources, realize low-cost and efficient 5G signal indoor coverage.

Recommended trial environment: The original 2G/3G/4G DAS systems must use a feeder system, either single-stream or dual-stream.

OPINIONS FROM CUSTOMER (INCLUDING EVALUATION ON PRODUCT APPLICABILITY, COMPLIANCE WITH STANDARDS OR CONTRACT REQUIREMENTS)

The Project is compatible with the main equipment products of the 5G base station and the original DAS systems, which can be connected to the radio unit of any major equipment manufacturer's base station during the trial.

The trial tested with Huawei's Mate 20 X 5G mobile phone. The download rate was about 500 M and the upload rate was about 100 M.

CONCLUSIONS AND SUGGESTIONS FROM CUSTOMER

After the trial of the Project, it is found that the Project can make full use of the original DAS systems resources and efficiently realize low-cost 5G signal indoor coverage. It is the preferred plan for 5G construction at the current stage and recommended for large-scale promotion and commercial use.

OTHERS

To the best of the knowledge, information and belief of the directors of the Company (''Directors''), having made all reasonable enquiries, the Customer are independent of the Company and its connected persons (as defined in the Rules Governing the Listing of Securities on The Stock Exchange of the Hong Kong Limited).

• For identification purpose only

- 2 -

Shareholders of the Company and/or investors of the Company should note that this announcement is published as a voluntary disclosure aimed to inform the public of the latest business development of the Company.

By Order of the Board

IBO Technology Company Limited

Lai Tse Ming

Chairman

Hong Kong, 25 August 2020

As at the date of this announcement, the executive Directors are Mr. Lai Tse Ming, Mr. Gao Weilong, Mr. Teng Feng, Mr. Yu Kin Keung and Mr. Lyu Huiheng; the non-executive Director is Ms. Sun Qing; and the independent non-executive Directors are Dr. He Tianxiang, Dr. Wong Kwok Yan and Mr. Hung Muk Ming.

- 3 -