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.

CHINA SILVER GROUP LIMITED

(incorporated in the Cayman Islands with limited liability)

(Stock code: 815) 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 (the "Directors") of China Silver Group Limited (the "Company" together with its subsidiaries, the "Group") announces that on 2 January 2015 (the "Date of Grant"), the remuneration committee of the Company (the "Remuneration Committee") resolved to grant a total of 49,000,000 share options (the "Share Options") to certain employees and consultant of the Company and its subsidiaries (the "Grantees"), subject to acceptance of the Grantees and under the rules of the share option scheme (the "Share Option Scheme") of the Company adopted on 5 December 2012. The Grantees are entitled, subject to the terms and conditions of grant and upon exercise, to subscribe for a total of 49,000,000 ordinary shares with nominal value of HK$0.01 per share (the "Shares") in the capital of the Company, representing approximately 4.51% of the 1,086,186,000 Shares in issue as at the Date of Grant. A summary of such grant is set out below:
Date of Grant : 2 January 2015
Exercise price of Share
Options granted
: HK$1.8 per Share, which represents the highest of (i) the closing price of HK$1.8 per Share as stated in the daily quotations sheet of the Stock Exchange on 2
January 2015, being the Date of Grant; (ii) the average closing price of HK$1.76 per Share as stated in the daily quotations sheet of the Stock Exchange for the five business days immediately preceding the Date of Grant; and (iii) HK$0.01, the nominal value of the Share on the Date of Grant.
Number of Share Options granted : a total of 49,000,000 Share Options
1
Closing price of the Shares on the Date of Grant
: HK$1.8 per Share
Validity period of the Share
Options and vesting conditions
: All 49,000,000 Share Options are valid for a period of 10 years from 2 January 2015 to 1 January 2025 (both days inclusive) subject to the following vesting periods:
(a) 30% of the Share Options granted to each Grantee shall vest on the first anniversary date of the Date of Grant;
(b) 30% of the Share Options granted to each Grantee shall vest on the second anniversary date of the Date of Grant; and
(c) 40% of the Share Options to each Grantee shall vest on the third anniversary of the Date of Grant.
A total of 1,000,000 Share Options were granted to an associate of a substantial shareholder, Mr. Chen Wanquan, who is a director of a wholly-owned subsidiary of the Company.
Each Share Option shall entitle the Grantees to subscribe for one Share upon exercise of such
Share Option at a subscription price of HK$1.8 per Share.
The grant of Share Options to the Grantees has been approved by the Remuneration Committee in accordance with Rule 17.04(1) of the Listing Rules and the rules of the Share Option Scheme.
Save as disclosed above, none of the Grantees is a director, chief executive or substantial shareholder of the Company or associate (as defined in the Listing Rules) of any of them.
By order of the Board

China Silver Group Limited Moy Yee Wo Matthew

Company Secretary

Hong Kong
2 January 2015

As at the date hereof, the Board comprises Mr. Chen Wantian, Mr. Song Guosheng and Mr. Chen Guoyu as Executive Directors; Dr. Jiang Tao, Dr. Li Haitao and Dr. Zeng Yilong as Independent Non-executive Directors.

2

distributed by