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.

SINOSOFT TECHNOLOGY GROUP LIMITED 中國擎天軟件科技集團有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1297) FURTHER SHARE PURCHASE PURSUANT TO THE SHARE AWARD SCHEME

Reference is made to the announcements of the Company dated 13 December 2016 and 9 May 2017 (the "Announcements") in relation to the adoption of the share award scheme (the "Scheme") and the share purchase made by the Trustee pursuant to the Scheme. Unless otherwise defined herein, capitalised terms used in this announcement have the same meanings defined in the Announcements.

As disclosed in the announcement of the Company dated 9 May 2017, the Trustee had fully utilized the sum of HK$40 million (the "First Contributed Amount") and purchased an aggregate of 15,853,000 Shares on the market to hold on trust for the benefit of the Selected Participants pursuant to the terms and conditions of the Scheme and the Trust Deed.

The Board hereby announces that, the Board has further resolved that a sum of up to HK$50 million (the "Second Contributed Amount") be provided for the purchase of Shares to be awarded to the Selected Participants to be selected by the Board.

Based on today's closing price of HK$2.32 per Share, the maximum number of Shares in board lot that can be purchased by the Second Contributed Amount is approximately 21,551,724 Shares, which represents approximately 1.74% of the total number of issued shares of the Company as at the date of this announcement, being 1,238,709,600 Shares.

The Second Contributed Amount will be paid to the Trustee as and when required. Thereafter, the Trustee shall then, subject to any restriction as set forth under the Scheme, purchase Shares from the date of this announcement and allocates the Shares to the Selected Participants to be selected by the Board pursuant to the Scheme Rules.

As at the date of this announcement, no Shares have been awarded to any Selected Participant(s) pursuant to the Scheme. The Board will constantly review and determine at its absolute discretion such number of the Shares to be awarded to the Selected Participant(s) under the Scheme with such vesting conditions as it may deem appropriate. Further announcement will be made by the Company as soon as practicable upon the award of the purchased Shares to the Selected Participants.

By Order of the Board

Sinosoft Technology Group Limited Xin Yingmei

Chairlady

Hong Kong, 12 June 2017

As at the date of this announcement, the executive directors of the Company are Ms. Xin Yingmei and Mr. Yu Yifa, the non-executive director of the Company is Mr. Hu Xiaoming, Simon, and the independent non-executive directors of the Company are Mr. Kang Choon Kiat, Mr. Kwauk Teh Ming, Walter and Mr. Zong Ping

Sinosoft Technology Group Ltd. published this content on 12 June 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 21 June 2017 02:00:21 UTC.

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