Ourgame International : APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR

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OURGAME INTERNATIONAL HOLDINGS LIMITED

聯 眾 國 際 控 股 有 限 公 司*

(a company incorporated under the laws of the Cayman Islands with limited liability)

(Stock Code: 6899)

APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR

The board (the ''Board'') of directors (the ''Directors'') of Ourgame International Holdings Limited (the ''Company'', and together with its subsidiaries, the ''Group'') is pleased to announce that Professor Huang Yong (''Professor Huang'') has been appointed as an independent non-executive Director, a member of the nomination and corporate governance committee and a member of the remuneration committee of the Company with effect from 17 December 2019.

Professor Huang, aged 57, is a law professor at the School of Law of the University of International Business and Economics (''UIBE''), Ph.D. Supervisor, Head of the Department of Economic Law, and director of the Competition Law Centre of UIBE. Concurrently, he is also a member of the Expert Advisory Board of the State Council Anti-monopoly Commission and standing director of Chinese Economic Law Research Society.

Professor Huang is mainly engaged in teaching and research in the areas of economic law and international economic law, and teaches in courses including competition law and economic law. Professor Huang is a legislative expert. As an expert in competition law, he participated fully in the enactment process of the Antitrust Law of the People's Republic of China (the ''PRC'').

Professor Huang has published several monographs including Research on International Competition Law, the Anti-trust Law Classic Cases and Commentaries and the Anti-unfair Competition Law Classic Cases and Commentaries. Professor Huang has also published nearly one hundred academic papers in the SSCI core journals of the United States of America, domestic CSSCI core journals and other newspapers and periodicals.

Professor Huang received an LL.B from Peking University, and LL.M. and Ph.D. in law degrees from UIBE.

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Professor Huang has entered into a service contract with the Company for a term of three years commencing from 17 December 2019 and he will be subject to retirement by rotation and re-election at least once every three years in accordance with the articles of association of the Company and the Corporate Governance Code (the ''Corporate Governance Code'') as set out in Appendix 14 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the ''Listing Rules''). According to the terms of Professor Huang's appointment, Professor Huang is entitled to a fixed director's fee of HK$250,000 per year. Professor Huang's remuneration was determined with reference to his duties and responsibilities within the Company and the prevailing market conditions.

Save as disclosed above, Professor Huang has confirmed that he does not hold (i) any other position with the Company or other members of the Group; (ii) any directorship in any other public companies with securities of which are listed on any securities market in Hong Kong or overseas in the last three years; and (iii) any other major appointments and professional qualifications.

Save as disclosed above, Professor Huang has also confirmed that he does not have any relationship with any Director, senior management or substantial or controlling shareholder of the Company, or any interest in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

Save as disclosed above, there is no other information that is required to be disclosed pursuant to any of the requirements under paragraphs (h) to (v) of Rule 13.51(2) of the Listing Rules nor are there other matters that need to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited relating to Professor Huang's appointment.

Following the appointment of Professor Huang as an independent non-executive Director, the Company has complied with the requirements under (i) Rule 3.10(1) and Rule 3.10A of the Listing Rules which require a minimum of three independent non-executive directors and independent non-executive directors representing one-third of the Board; and (ii) code provision A.5.1 of the Corporate Governance Code contained in Appendix 14 to the Listing Rules which stipulates that the number of independent non-executive directors shall represent the majority of the nomination committee.

The Board would like to express its warmest welcome to Professor Huang on his appointment.

By order of the Board

Ourgame International Holdings Limited

Yang Eric Qing

Chairman and Chief Executive Officer

Beijing, 17 December 2019

As at the date of this announcement, the Board comprises Mr. Yang Eric Qing as executive Director; Mr. Liu Jiang, Ms. Fu Qiang, Mr. Chen Xian and Mr. Hu Wen as non-executive Directors; and Mr. Lu Zhong, Dr. Tyen Kan Hee Anthony and Professor Huang Yong as independent non-executive Directors.

* For identification purpose only

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