Xinyi Automobile Glass HongKong Entp : Grant of options under the Share Option Scheme

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.

XINYI AUTOMOBILE GLASS HONG KONG ENTERPRISES LIMITED

信義汽車玻璃香港企業有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 08328) GRANT OF OPTIONS UNDER THE SHARE OPTION SCHEME

This announcement is made by the Board pursuant to Rule 23.06A of the GEM Listing Rules. The Board wishes to announce that on 1 August 2017, the Company has granted 312,000 Options to the Grantees pursuant to the Share Option Scheme, subject to acceptance by the Grantees.

Among the 312,000 Options granted, 40,000 Options have been granted to each of Ms. LI Pik Yung, an executive Director, Mr. CHAN Chi Leung, an executive Director and Mr. SHI Chit Yuk, the chief executive officer of the Company.

This announcement is made by the board (the "Board") of directors (the "Directors") of Xinyi Automobile Glass Hong Kong Enterprises Limited (the "Company") pursuant to Rule 23.06A of The Rules Governing the Listing of Securities on The Growth Enterprise Market (the "GEM") of The Stock Exchange of Hong Kong Limited (the "GEM Listing Rules").

The Board wishes to announce that on 1 August 2017, the Company has granted 312,000 share options (the "Options") to subscribe for the same number of ordinary shares (the "Shares") of HK$0.10 each in the share capital of the Company to certain eligible participants (the "Grantees") under the share option scheme (the "Share Option Scheme") adopted by the Company on 31 May 2017. A summary of the Options is set forth below:-

Date of grant : 1 August 2017 Exercise price for each Option : HK$1.56

Number of Options granted : 312,000

Closing price of each Share on the date of grant

: HK$1.49

Vesting schedule : One-third of the Options will vest on 31 December 2017 if the relevant Grantee has met the conditions of vesting as stated in the letter of grant.

One-third of the Options will vest on 31 December 2018 if the relevant Grantee has met the conditions of vesting as stated in the letter of grant.

One-third of the Options will vest on 31 December 2019 if the relevant Grantee has met the conditions of vesting as stated in the letter of grant.

Exercise period of the Options : The Options can be exercised from 1 April

2020 to 31 March 2021.

Validity period of the Options : From 1 August 2017 to 31 July 2021.

Among the 312,000 Options granted, 40,000 Options have been granted to each of Ms. LI Pik Yung, an executive Director. Mr. CHAN Chi Leung, an executive Director and Mr. SHI Chit Yuk, the chief executive officer of the Company. In accordance with Rule 23.04(1) of the GEM Listing Rules, the grant of the Options to the executive Directors and the chief executive officer of the Company has been reviewed and approved by the independent non-executive Directors.

Save as disclosed above, all of the Grantees are employees of the Company and its subsidiaries and none of the Grantees is a Director, chief executive or substantial shareholder (as defined in the GEM Listing Rules) of the Company or any of their respective associates (as defined in the GEM Listing Rules). The Options are subject to acceptance by the Grantees.

By order of the Board

Xinyi Automobile Glass Hong Kong Enterprises Limited Datuk TUNG Ching Sai

Chairman

Hong Kong, 1 August 2017

As at the date of this announcement, the executive Directors are Ms. LI Pik Yung and Mr. CHAN Chi Leung, the non-executive Directors are Datuk TUNG Ching Sai (Chairman) and Mr. LEE Shing Kan, and the independent non-executive Directors are Mr. WANG Guisheng, Mr. NG Wai Hung and Mr. CHAN Hak Kan, B.B.S., JP.

This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the GEM Listing Rules for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that to the best of their knowledge and belief the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading.

This announcement will remain on the GEM website at www.hkgem.com on the "Latest Company Announcements" page for at least 7 days from the date of posting and on the Company's website at www.xyglass.com.hk.