SPT Energy : GRANT OF SHARE OPTIONS 2018-09-26

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SPT Energy Group Inc.

華油能源集團有限公司*

(incorporated in the Cayman Islands with limited liability)

(Stock Code: 1251)

GRANT OF SHARE OPTIONS

This announcement is made pursuant to rule 17.06A of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules").

The board of directors (the "Board") of SPT Energy Group Inc. (the "Company") hereby announces that the Company on 26 September 2018 granted a total of 60,000,000 share options (the "Share Options") to 24 employees of the Company (the "Grantees"), subject to acceptance of the Grantees, to subscribe for a total of 60,000,000 ordinary shares of US$0.0001 each (the "Shares") of the Company under the share option scheme of the Company adopted on 1 December 2011 (the "Share Option Scheme"). Details of the Share Options granted are as follows:

Dateofgrant .............................. 26 September 2018

Exercise price of the Share Options granted . . . . . . HK$0.74 per Share

Number of Share Options granted . . . . . . . . . . . . . . 60,000,000

Closing price of the Shares on the date of grant . . . HK$0.74 per Share

Valid period of the Share Options . . . . . . . . . . . . . . The option period of the Share Options shall be ten years from the date of grant (the "Option Period") and the Share Options shall lapse at the expiry of the Option Period.

By order of the Board SPT Energy Group Inc.

Mr. Wang Guoqiang

Chairman

Hong Kong, 26 September 2018

As of the date of this announcement, the executive directors are Mr. Wang Guoqiang, Mr. Ethan Wu and Mr. Li Qiang, the non-executive director is Ms. Chen Chunhua, and the independent non-executive directors are Ms. Zhang Yujuan, Mr. Wu Kwok Keung Andrew and Mr. Wan Kah Ming.

*

For identification purpose only