Sino Entertainment Technology : RESIGNATION OF EXECUTIVE DIRECTOR; APPOINTMENT OF EXECUTIVE DIRECTOR; AND RE-DESIGNATION OF DIRECTOR

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.

SINO-ENTERTAINMENT TECHNOLOGY HOLDINGS LIMITED

新娛科控股有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 6933)

RESIGNATION OF EXECUTIVE DIRECTOR;

APPOINTMENT OF EXECUTIVE DIRECTOR;

AND

RE-DESIGNATION OF DIRECTOR

The Board announces that, with effect from 15 April 2021,

1. Mr. Li Haijun has resigned as an executive Director;
2. Mr. Li Tao has been appointed as an executive Director; and
3. Mr. He Shaoning has been re-designated from an executive Director to a non- executive Director.

The board (the "Board") of directors (the "Directors") of Sino-Entertainment Technology Holdings Limited (the "Company", together with its subsidiaries, the "Group") announces that with effect from 15 April 2021, Mr. Li Haijun has resigned as an executive Director, Mr. Li Tao has been appointed as an executive Director and Mr. He Shaoning has been redesignated from an executive Director to a non-executive Director.

1. Resignation of executive Director
   Mr. Li Haijun (李海軍) has resigned as an executive Director with effect from 15 April 2021 due to his intention to devote more time on his other business engagements.

- 1 -

Mr. Li Haijun has confirmed that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited (the "Stock Exchange"). The Board would like to take this opportunity to express its gratitude to Mr. Li Haijun for his valuable contribution to the Company during his tenure of service.

1. Appointment of executive Director
   Mr. Li Tao ("Mr. Li") has been appointed as an executive Director with effect from 15 April 2021.
   The biographical details of Mr. Li are as follows:
   Mr. Li Tao, aged 40, is the chief executive officer of the Group. Mr. Li is primarily responsible for the overall business planning and daily management of the Group, including, among others, coordinating the publishing of online games. He joined the Group in January 2017 as the vice general manager of the gaming business department
   of Luocheng Mulao Autonomous County Dinglian Technology Company Limited* (羅城仫佬族自治縣頂聯科技有限責任公司) ("Dinglian Technology"). He was the
   general manager of the gaming business department of Khorgos Dinglian Interactive Network Technological Company Limited* (霍爾果斯頂聯互動網絡科技有限公 司) from January 2018 to January 2019. Mr. Li has been the chief executive officer of Dinglian Technology since February 2018.
   Mr. Li has over 15 years of experience in marketing through his exposure to the gaming field and management of technology companies. Prior to joining the Group,
   Mr. Li worked in the marketing department of Guangzhou Jiexun Communication Technology Limited* (廣州捷訊通信技術有限公司) from September 2002 to April 2008, with the last position as marketing manager. From July 2008 to January 2011,
   Mr. Li worked on marketing-related matters at Shenzhen Zhengchuang Technology Limited* (深圳市徵創科技有限公司), a company principally engaged in game
   promotion. Mr. Li worked as the chief marketing officer at Guangzhou Miqi Network Technology Limited* (廣州市覓奇網絡科技有限公司) from November 2011 to July
   2013. Mr. Li served as a marketing director of Guangzhou Yinhan Technology Co., Ltd.* (廣州銀漢科技有限公司), a company principally engaged in the provision of mobile value-added services, mass online game development and operation services, from August 2013 to May 2014. During the period from June 2014 to November
   2014, Mr. Li was a marketing manager of Guangdong Xinghui Tiantuo Interactive Entertainment Limited* (廣東星輝天拓互動娛樂有限公司) ("Teamtop"). Teamtop, a wholly-owned subsidiary of Rastar Group (星輝互動娛樂股份有限公司), the shares of which are listed on the Shenzhen Stock Exchange (Stock Code: 300043), is an integrated platform game company principally engaged in the research, development
   and distribution of internet games. Mr. Li worked as a general manager of Guangzhou Tianhen Network Technology Limited* (廣州市天痕網絡科技有限公司), a company

- 2 -

principally engaged in the information technology services and promotion of games,

from July 2015 to July 2016. Mr. Li obtained his diploma in tourism management from Guizhou University of Commerce (貴州商業高等專科學院) in July 2002.

The Board considered and accepted the recommendation from the nomination committee of the Board to appoint Mr. Li as an executive Director, after reviewing his academic qualification, working experience and contributions during his tenure as chief executive officer of the Group.

The Company has entered into a service agreement with Mr. Li in relation to his appointment as an executive Director for an initial term of three years commencing on 15 April 2021, which is terminable by either party serving on the other not less than three months' written notice, subject to retirement by rotation and re-election in accordance with the articles of association of the Company and the Rules Governing the Listing of Securities on the Stock Exchange (the "Listing Rules"). Mr. Li will hold office until the next following annual general meeting of the Company and will then be eligible for re-election in accordance with the articles of association of the Company. Mr. Li Tao will receive an annual director's fee of RMB388,212, with reference to his background, qualifications, experience, level of responsibilities undertaken with the Company and prevailing market conditions. His remuneration is subject to review by the remuneration committee of the Company and the Board from time to time.

Save as disclosed above, as at the date of this announcement, Mr. Li does not (a) hold any other interests in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong); (b) have any relationship with any other directors, senior management, substantial shareholder or controlling shareholder of the Company; (c) hold any other positions with the Company or other members of the Group; and (d) hold any other directorships in public companies the securities of which are listed on any securities market in Hong Kong or overseas in the last three years.

Save as disclosed above, there are no other matters relating to Mr. Li's appointment that need to be brought to the attention of the shareholders of the Company nor any information to be disclosed pursuant to the requirements of Rules 13.51(2)(h) to 13.51(2)(v) of the Listing Rules.

The Board would like to take this opportunity to welcome Mr. Li for joining the Board as an executive Director.

- 3 -

1. Re-designationof executive Director to non-executive Director
   Mr. He Shaoning ("Mr. He") has been re-designated from an executive Director to a non-executive Director with effect from 15 April 2021 due to his wishes to devote more time to his other business and personal engagements. Mr. He would also cease to be the general manager of the Group.
   The biographical details of Mr. He are as follows:
   Mr. He Shaoning, aged 41, was an executive Director and the general manager of the Group since April 2019, and was primarily responsible for the day-to-day business management of the Group prior to his re-designation. He has been the general manager of Dinglian Technology since December 2014, and has accumulated extensive experience in managing daily operations of Dinglian Technology and is responsible for work related to finance and human resources. He was appointed as director of Dinglian Technology in October 2017. He was appointed as an executive Director and the general manager of the Group on 3 April 2019.
   Mr. He is one of the founders of the Group. He has over seven years of sales and marketing experience and over five years of business management experience in
   the mobile game industry. Prior to joining the Group, from January 2002 to April 2007, he worked at Tongyun Business Shopping Mall* (通運商貿購物中心) as a
   salesperson. Mr. He served as the vice president and marketing director of Luocheng Mulao Autonomous County Wuyuechun Wine Limited* (羅城仫佬族自治縣五月春 酒業有限公司) from June 2007 to November 2014. Mr. He graduated from Guangxi Commercial School* (廣西商業學校), majoring in marketing and sales, in June 1998. He was awarded the Personal Science and Technology Innovation Award (個人科技 創新獎) jointly by the China Enterprise Development Association (中國企業發展協 會) and the Whole Country Brand Authentication Alliance (全國品牌認證聯盟) in November 2017.

- 4 -

Mr. He was a legal representative and responsible person of the following company at the time of or within 12 months prior to its dissolution:

	Place of	Principal business
	incorporation/	activity(ies) before		Means of	Dissolution
Company name	establishment	dissolution	Position	dissolution	approval date
Yizhou Danhe	China	Pre-packaged food	Legal	Dissolved by	20 January 2016

Business Firm*	wholesale and retail representative	deregistration
(宜州市丹禾商行)	and responsible
	person

Mr. He has confirmed that the above company was solvent at the time of its dissolution and so far as he is aware no claim has been or will be made against him as a result of such dissolution.

Mr. He has entered into a new letter of appointment with the Company in relation to his appointment as a non-executive Director for an initial term of three years commencing on 15 April 2021, which is terminable by either party serving on the other not less than three months' written notice, subject to retirement by rotation and re-election in accordance with the articles of association of the Company. Mr. He will receive a director's fee of RMB48,000 per annum which is determined by the Board on the recommendation of the remuneration committee of the Company with reference to his duties and responsibilities within the Company and the prevailing market conditions. His remuneration is subject to review by the remuneration committee of the Company and the Board from time to time.

- 5 -

Save as disclosed above, as at the date of this announcement, Mr. He does not (a) hold any other interests in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong); (b) have any relationship with any other directors, senior management, substantial shareholder or controlling shareholder of the Company; (c) hold any other positions with the Company or other members of the Group; and (d) hold any other directorships in public companies the securities of which are listed on any securities market in Hong Kong or overseas in the last three years.

Save as disclosed above, there are no other matters relating to Mr. He's re-designation that need to be brought to the attention of the shareholders of the Company nor any information to be disclosed pursuant to the requirements of Rules 13.51(2)(h) to 13.51(2)(v) of the Listing Rules.

By order of the Board

Sino-Entertainment Technology Holdings Limited

Sui Jiaheng

Chairman and Executive Director

Hong Kong, 15 April 2021

As at the date of this announcement, the Board comprises Mr. Sui Jiaheng and Mr. Li Tao as executive directors; Mr. Huang Zhigang and Mr. He Shaoning as non-executive directors; and Ms. Zhang Chunmei, Mr. Deng Chunhua and Ms. Chen Nan as independent non-executive directors.

• The English name is for identification purpose only

- 6 -