Sun King Power Electronics : PROPOSED CHANGE OF COMPANY NAME

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.

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 580)

PROPOSED CHANGE OF COMPANY NAME

The Board proposes to change the English name of the Company from "Sun.King Power Electronics

Group Limited" to "Sun.King Technology Group Limited" and to adopt the Chinese name "賽晶科技 集團有限公司" to replace its existing Chinese name "賽晶電力電子集團有限公司".

The EGM will be held to consider and, if thought fit, to approve the Change of Company Name. A circular containing, among other things, information in relation to the Change of Company Name, together with the notice convening the EGM is expected to be despatched to the Shareholders as soon as practicable.

PROPOSED CHANGE OF COMPANY NAME

The Board proposes to change the English name of the Company from "Sun.King Power Electronics

Group Limited" to "Sun.King Technology Group Limited" and to adopt the Chinese name "賽晶科技集 團有限公司" to replace its existing Chinese name of "賽晶電力電子集團有限公司".

CONDITIONS OF THE CHANGE OF COMPANY NAME

The proposed Change of Company Name will be subject to the following conditions:

1. the passing of a special resolution to approve the Change of Company Name by the Shareholders at the EGM; and
2. the Registrar of Companies in the Cayman Islands approving the Change of Company Name and the new names being entered in the register of companies by the Registrar of Companies in the Cayman Islands.

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Subject to the satisfaction of the conditions set out above, the Change of Company Name will take effect from the date of entry of the new name and the new dual foreign name of the Company on the register of companies maintained by the Registrar of Companies in the Cayman Islands. The Registrar of Companies in the Cayman Islands shall issue a certificate of incorporation on change of name thereafter. Upon the Change of Company Name becoming effective, the Company will then comply with the necessary filing procedures with the Companies Registry in Hong Kong. The stock short name of the Company will be changed accordingly.

REASONS FOR THE CHANGE OF COMPANY NAME

The Board considers that the Change of Company Name will better reflect the business strategy and the further development of the Company, as well as providing the Company with a new corporate image. As such, the Board believes that the Change of Company Name is in the best interests of the Company and the Shareholders as a whole.

EFFECTS ON THE CHANGE OF COMPANY NAME

The Change of Company Name will not affect any right of the Shareholders. All share certificates of the Company in issue (including the existing share certificates and the new share certificates) bearing the existing name of the Company will, upon the Change of Company Name becoming effective, continue to be effective and as documents of title to the Shares and will remain valid for trading, settlement, registration and delivery purposes. Accordingly, there will not be any arrangement for the free exchange of the share certificates of the Company then in issue (including the existing share certificates and the new share certificates). Upon the Change of Company Name becoming effective, any new share certificates of the Company will be issued under the new name of the Company.

Further announcement(s) will be made by the Company in due course to inform the Shareholders further information such as the effective date of the Change of Company Name and the new stock short name of the Company for trading of the Shares on the Stock Exchange.

GENERAL

The EGM will be held to consider and, if thought fit, to approve the Change of Company Name. A circular containing, among other things, information in relation to the Change of Company Name, together with the notice convening the EGM is expected to be despatched to the Shareholders as soon as practicable.

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DEFINITIONS

In this announcement, unless the context otherwise requires, the following expressions have the same meanings set out below:

"Board"	the board of Directors
"Change of Company Name"	the proposed change of the English name of the Company from "Sun.
	King Power Electronics Group Limited" to "Sun.King Technology
	Group Limited" and the adoption of the Chinese name "賽晶科技集團
	有限公司" to replace its existing Chinese name "賽晶電力電子集團有
	限公司"
"Company"	Sun.King Power Electronics Group Limited, a company incorporated
	in the Cayman Islands with limited liability and the issued Shares of
	which are listed on the Stock Exchange
"Director(s)"	director(s) of the Company
"EGM"	the extraordinary general meeting of the Company to be held to
	consider and, if thought fit, approve the Change of Company Name
"Hong Kong"	Hong Kong Special Administrative Region of the People's Republic of
	China
"Listing Rules"	the Rules Governing the Listing of Securities on the Stock Exchange
"Share(s)"	ordinary share(s) of nominal value of HK$0.1 each in the share capital
	of the Company
"Shareholder(s)"	holder(s) of the Share(s)
"Stock Exchange"	The Stock Exchange of Hong Kong Limited

By Order of the Board

Sun.King Power Electronics Group Limited

Xiang Jie

Chairman

Hong Kong, 21 August 2020

As at the date of this announcement, the executive Directors are Mr. Xiang Jie, Mr. Gong Renyuan and Mr. Yue Zhoumin; the non-executive Directors are Ms. Gao Lei, Mr. Zhu Ming and Ms. Zhang Ling; and the independent non-executive Directors are Mr. Chen Shimin, Mr. Zhang Xuejun, Mr. Leung Ming Shu and Mr. Zhao Hang.

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