China Oriental Culture Group Ltd. : GRANT OF SHARE OPTIONS

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited (the "Stock Exchange") 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.

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 2371)

GRANT OF SHARE OPTIONS

The Board is pleased to announce the grant of a total of 1,900,000 Share Options to Mr. Han, an Independent Non-executive Director, representing approximately 0.09% of the issued share capital of the Company, on 3 October 2012.
This announcement is made pursuant to Rule 17.06A of the Rules Governing the Listing of
Securities on The Stock Exchange of Hong Kong Limited.
The board of directors (the "Director(s)") (the "Board") of China Oriental Culture Group Limited
(the "Company") is pleased to announce that on 3 October 2012, the Company granted a total of
1,900,000 share options (the "Share Options") to Mr. Han Bing ("Mr. Han"), an independent non-executive director of the Company (the "Independent Non-executive Director"), subject to Mr. Han's acceptance, under the share option scheme adopted by the Company on 31 October
2004 (the "Scheme"). The Share Options shall entitle Mr. Han to subscribe for a total of
1,900,000 new ordinary shares of par value HK$0.100 each (the "Shares") in the share capital of the Company, representing approximately 0.09% of the issued share capital of the Company. Details of the Share Options granted are as follows:

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Date of grant : 3 October 2012 (the "Date of Grant")
Exercise price of the Share
Options granted
: HK$0.237 per Share (being the highest of (i) closing price of the Shares as stated in the Stock Exchange's daily quotations sheets on the Date of Grant; (ii) the average closing price of the Shares as stated in the Stock Exchange's daily quotations sheets for the five business days immediately preceding the Date of Grant; and (iii)
the nominal value of the Share, i.e. HK$0.10)
Number of the Share
Options granted
: 1,900,000 (each Share Option shall entitle the holder to
subscribe for one Share)
Closing price of the Shares
on the Date of Grant
: HK$0.235 per Share
Validity period of the Share
Options granted
: From 3 October 2012 to 2 October 2015
The granting of 1,900,000 Share Options to Mr. Han has been approved by other Independent
Non-executive Directors.
On behalf of the Board

China Oriental Culture Group Limited

Li Qing

Executive Director
Hong Kong, 3 October 2012
As at the date of this announcement, the Board comprises Mr. Chen Fu Ju, Mr. Li Qing and Mr. Yan Dake being executive Directors; Ms. Ng Siu Lai being non-executive Director; and Mr. Leung Siu Kee, Mr. Han Bing and Mr. Zhao Yong being the independent non-executive Directors.

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