Digital China : GRANT OF SHARE OPTIONS

About this update from Digital China Holdings Limited

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. 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 of directors (the " Board ") of Digital China Holdings Limited (the " Company ") hereby announces that on 7 November 2019, 30,000 share options (the " Share Options ") were granted to an employee of the Company's subsidiary (the " Grantee "), subject to acceptance of the Grantee under the share option scheme adopted by the Company on 15 August 2011. The followings are the details of the Share Options granted: Date of grant : 7 November 2019 Number of Share Options : 30,000 Share Options representing the rights to subscribe granted for up to a total of 30,000 new ordinary shares of HK$0.10 each in the Company (the " Shares ") Exercise price of Share : HK$4.172 per Share, representing the highest of: Options granted (i) the closing price of HK$4.110 per Share as stated in the daily quotation sheets of the Stock Exchange on the date of grant; (ii) the average closing price of HK$4.172 per Share as stated in the Stock Exchange's daily quotation sheets for the five business days immediately preceding the date of grant; and (iii) the nominal value of HK$0.10 per Share 1 Closing price of the Shares : HK$4.110 per Share on the date of grant The validity period of the Share Options will be from 7 November 2019 to 6 November 2027. The Grantee is not a director, chief executive or substantial shareholder of the Company or any of their respective associates (as defined under the Listing Rules). By order of the Board Digital China Holdings Limited ( 神州數碼控股有限公司 * ) GUO Wei Chairman and Chief Executive Officer Hong Kong, 7 November 2019 As at the date of this announcement, the Board comprises nine directors, namely:- Executive Directors: Mr. GUO Wei (Chairman and Chief Executive Officer) and Mr. LIN Yang (Vice Chairman) Non-executive Directors: Mr. YU Ziping and Mr. PENG Jing Independent Non-executive Directors: Mr. WONG Man Chung, Francis, Ms. NI Hong (Hope), Dr. LIU Yun, John, Ms. YAN Xiaoyan and Mr. William KING Website: www.dcholdings.com * For identification purpose only 2

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