Discloseable transaction in relation to the lease agreement

THE LEASE AGREEMENT

Date:

29 October 2019

The Landlord:

Shenzhen Guangken Yulian Industrial Co., Ltd.* (深圳市廣

墾宇聯實業有限公司)

To the best of the Directors' knowledge, information

and belief, and having made all reasonable enquiries, the

Landlord and its ultimate beneficial owners are Independent

Third Parties.

The Tenant:

Computime Electronics (Shenzhen) Co., Ltd. ( 金 寶 通 電

子（深 圳）有 限 公 司), a wholly-owned subsidiary of the

Company.

The Premises:

An area of 59,726.05 square meters located at Yulian

Industrial Park (宇聯工業區), Kangqiao Road 88, Danzhutou

Community, Nanwan Street, Longgang District, Shenzhen

City, Guangdong Province, PRC.

The users of the Premises will be the Tenant and CCDM.

The area of 37,969.42 square meters of the Premises will be

used by the Tenant, and the area of 21,756.63 square meters

of the Premises will be used by CCDM.

Terms:

Three years commencing from 1 January 2020 to 31

December 2022.

Upon expiration of the lease term of the Lease Agreement,

if the Tenants wants to continue leasing the Premises, the

Tenant shall inform the Landlord six months in advance and

enter into a new lease agreement with the Landlord.

The aggregate value of

The aggregate value of consideration payable under

consideration payable:

the Lease Agreement by the Tenant is RMB72,301,967

(equivalent to approximately HK$79,452,711), which will be

satisfied by internal resources of the Group.

The rent under the Lease Agreement is determined after

arm's length negotiations between the Landlord and the

Tenant, after taking into consideration the prevailing market

price for comparable premises in the vicinity of the Premises.

Payable term:

The monthly rental and monthly Management Fees shall be

payable monthly in advance on the day which is five days

prior to the first day of each calendar month.

If the Tenant fails to pay the rent or the Management Fees

due to exceptional circumstances, the Tenant shall explain to

the Landlord in writing and pay the rent or the Management

Fees within 10 days from the due date. If the Tenant fails to

pay the rent within the 10 days grace period, the Landlord is

entitled to charge the Tenant 0.1% on the overdue payment

on a daily basis and is entitled to take further actions such

as water supply stoppage and control the entry and exit of

goods of the Group. The Tenant shall bear all losses suffered

by the Landlord as a result. If the Tenant fails to pay the

rent or the Management Fees for more than 30 days from

the due date, the Landlord is entitled to terminate the Lease

Agreement, forfeit the security deposit, and claim damages

from the Tenant.

Security Deposit:

On the date of signing of the Lease Agreement, the Tenant

shall pay an amount equivalent to three-month rents/

RMB5,733,701 (equivalent to approximately HK$6,300,770)

as required under the Lease Agreement as security

deposit. It shall be paid in two installments: an amount of

RMB3,348,309 (equivalent to approximately HK$3,679,460)

shall be paid prior to the signing of the Lease Agreement and

an amount of RMB2,383,392 (equivalent to approximately

HK$2,619,112) shall be paid on the date of signing of the

Lease Agreement.

"Board"

board of Directors

"Company"

Computime Group Limited (stock code: 320), a company

incorporated in the Cayman Islands with limited liability and

the shares of which are listed on the main board of the Stock

Exchange

"connected person(s)"

has the meaning ascribed to it in the Listing Rules

"CCDM"

Computime Control Devices Manufacturing (Shenzhen) Co.

Ltd. ( 金 寶 通 智 能 製 造（深 圳）有 限 公 司)

"Director(s)"

director(s) of the Company

"Group"

the Company and its subsidiaries

"HK$"

Hong Kong dollar(s), the lawful currency of Hong Kong

"HKFRS"

Hong Kong Financial Reporting Standards issued by the

Hong Kong Institute of Certified Public Accountants

"Hong Kong"

Hong Kong Special Administrative Region of the PRC

"Independent Third Party(ies)"

a party independent of and not connected with the Company

and its connected persons

"Landlord"

the landlord as more particularly set out under the sub-

heading "The Landlord" in the section headed "The Lease

Agreement" in this announcement

"Lease Agreement"

the lease agreement dated 29 October 2019 entered into

between the Tenant and the Landlord in relation to the

renewal of the lease of the Premises

"Listing Rules"

the Rules Governing the Listing of Securities on the Stock

Exchange

"Management Fees"

the property service fee and the expenses related to the

ancillary facilities including garbage clearance fee, domestic

sewage treatment fee, fire protection system maintenance

fee, elevator maintenance fee, water supply fee and related

sewage discharge fee, garbage disposal fee

"PRC"

the People's Republic of China, excluding Hong Kong,

Macau Special Administrative Region of the PRC and

Taiwan

"Premises"

the premises as more particularly set out under the sub-

heading "The Premises" in the section headed "The Lease

Agreement" in this announcement

"RMB"

Renminbi, the lawful currency of the PRC

"Shareholder(s)"

the holder(s) of shares of the Company

"Stock Exchange"

The Stock Exchange of Hong Kong Limited

"Tenant"

the tenant as more particularly set out under the sub-heading

"The Tenant" in the section headed "The Lease Agreement"

in this announcement

"%"

per cent