CMGE Technology : CLARIFICATION ANNOUNCEMENT - GRANT OF SHARE OPTIONS

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CMGE Technology Group Limited

中 手 遊 科 技 集 團 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 0302)

CLARIFICATION ANNOUNCEMENT

GRANT OF SHARE OPTIONS

Reference is made to the announcement of CMGE Technology Group Limited (the "Company") dated 30 March 2021 with respect to the grant of share options to certain eligible employees by the Company on 29 March 2021. Unless otherwise defined, capitalized terms used herein shall have the same meanings as defined in the said announcement.

The Company would like to clarify that, out of the granting of the total of 50,000,000 share options to certain eligible employees of the Group on 29 March 2021, the granting of (i) 5,000,000 share options to Mr. XIAO Jian (an executive Director and a substantial Shareholder of the Company); and (ii) 3,000,000 share options to Mr. SIN Hendrick (an executive Director and a substantial Shareholder of the Company) are subject to shareholders' approval pursuant to Rule 17.04(1) of the Listing Rules at the forthcoming annual general meeting of the Company to be held on Tuesday, 25 May 2021 (the "AGM").

Save as disclosed herein, all other contents of the said announcement remain unchanged.

By order of the Board

CMGE Technology Group Limited

XIAO Jian

Chairman

Hong Kong

12 April 2021

As at the date of this announcement, the Board comprises Mr. XIAO Jian, Mr. SIN Hendrick and Mr. FAN Yingjie as executive directors; and Ms. NG Yi Kum, Mr. TANG Liang and Mr. HO Orlando Yaukai as independent non-executive directors.