Value Convergence : GRANT OF SHARE OPTIONS

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.

Value Convergence Holdings Limited

(Incorporated in Hong Kong with limited liability)

Website: http://www.vcgroup.com.hk

(Stock Code: 821)

GRANT OF SHARE OPTIONS

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

The board (the "Board") of directors ("Directors") of Value Convergence Holdings Limited (the "Company") announces that, on 27 July 2020, the Company granted a total of 89,472,000 share options (the "Share Options") to the eligible grantees (collectively, the "Grantees"), subject to acceptance of the Grantees, under the Company's share option scheme adopted on 14 June 2018. The Share Options shall entitle the Grantees to subscribe for a total of 89,472,000 new ordinary shares (the "Shares") in the capital of the Company. Details of the Share Options granted are set out below:

Date of grant	:	27 July 2020
Exercise price of	:	HK$0.26 per Share
Share Options granted		(Being the highest of (i) the closing price of HK$0.26
		per Share as stated in the Stock Exchange's daily
		quotations sheet on the date of grant of the Share
		Options; and (ii) the average closing price of
		HK$0.2096 per Share as stated in the Stock Exchange's
		daily quotations sheets for the five business days
		immediately preceding the date of grant of the Share
		Options)
Number of Share	:	89,472,000
Options granted

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Closing price of the Share	:	HK$0.26
on the date of grant
Validity period of the	:	Three years, from 27 July 2020 to 26 July 2023 (both
Share Options		dates inclusive)

Among the Share Options granted above, 28,012,000 Share Options were granted to the certain Directors and a substantial shareholder of the Company, with details as follows:

		Number of
Name of grantee	Capacity	Share Options
Fu Yiu Man, Peter	Chairman and Executive Director	7,700,000
Tin Ka Pak, Timmy	Executive Director	7,700,000
Lin Hoi Kwong, Aristo	Executive Director	7,700,000
Wong Chung Kin, Quentin	Independent Non-executive Director	1,228,000
Wong Kam Choi, Kerry, MH	Independent Non-executive Director	1,228,000
Siu Miu Man, Simon, MH	Independent Non-executive Director	1,228,000
Chung Chi Shing, Eric	Substantial Shareholder	1,228,000

Each grant of the Share Options to the above Directors and substantial shareholder of the Company has been approved by the independent non-executive Directors pursuant to Rule 17.04(1) of the Listing Rules (save and except for the relevant independent non-executive Directors who is the Grantee whom has abstained from voting towards the respective resolutions in relation to the grant of Share Options to himself on 27 July 2020).

Save as disclosed above, none of the Grantees is a Director, chief executive or substantial shareholder (as defined under the Listing Rules) of the Company or an associate (as defined under the Listing Rules) of any of them.

By order of the Board of

Value Convergence Holdings Limited

Fu Yiu Man, Peter

Chairman & Executive Director

Hong Kong, 27 July 2020

As at the date of this announcement, the Board comprises three executive Directors, n a m e l y , M r . F u Y i u M a n , P e t e r ( C h a i r m a n ) , M r . T i n K a P a k , T i m m y and Mr. Lin Hoi Kwong, Aristo; and three independent non-executive Directors, namely, Mr. Wong Chung Kin, Quentin, Mr. Wong Kam Choi, Kerry, MH and Mr. Siu Miu Man, Simon, MH.

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