Hong Kong Exchanges and Clearing Limited and the Stock Exchange 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.

Q TECHNOLOGY (GROUP) COMPANY LIMITED

丘鈦科技(集團)有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1478)

SUPPLEMENTAL ANNOUNCEMENT

ON THE GRANT OF SHARE OPTIONS

Reference is made to the announcement (the "Announcement") of Q Technology (Group) Company Limited (the "Company", together with its subsidiaries, the "Group") dated 16 September 2020 relating to the grant to Share Options. Unless otherwise stated, capitalized terms used in this announcement shall have the same meanings as those defined in the Announcement.

The Board would like to provide supplemental information that among the Grantees who were granted a total of 17,879,600 Share Options, apart from two Grantees who were granted 1,380,000 Share Options in total are executive Directors and/or chief executives of the Company, namely, Mr. Wang Jianqiang and Mr. Hu Sanmu, the remaining 117 Grantees who were granted a total of 16,499,600 Share Options are employees of the Group. The purpose of the grant of Share Options was to provide the Grantees with an opportunity to have a personal stake in the Company with a view to achieving the following objectives: (i) recognise and acknowledge the contributions that the Grantees had or may have made to the Group; and (ii) attract, retain the Grantees, and motivate the Grantees to optimise their performance and efficiency to make new contributions for the benefit of the Group. Such contributions are or will be beneficial to the long-term growth of the Group, and are in the interests of the shareholders of the Company.

Save as disclosed above, all other information set out in the Announcement remain unchanged.

By Order of the Board

Q Technology (Group) Company Limited

He Ningning

Chairman and Executive Director

Hong Kong, 22 September 2020

As at the date of this announcement, the Executive Directors are Mr. He Ningning (Chairman), Mr. Wang Jianqiang (Chief Executive Officer) and Mr. Hu Sanmu; and the Independent Non-executive Directors are Mr. Ko Ping Keung, Mr. Chu Chia-Hsiang and Mr. Ng Sui Yin.

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Q Technology (Group) Co. Ltd. published this content on 22 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 September 2020 10:14:05 UTC