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 STAR ENTERTAINMENT LIMITED

(Incorporated in Bermuda with limited liability)

(Stock Code: 326)

GRANT OF SHARE OPTIONS
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 "Listing Rules").
The board of directors of China Star Entertainment Limited (the "Company") announces that on 14 January 2013 the Company has granted 203,000,000 share options (the "Share Options") to subscribe for an aggregate of 203,000,000 ordinary shares of HK$0.01 each of the Company (the "Shares") to individuals (the "Grantees") under its share option scheme adopted on 28 June 2012, subject to acceptance of the Grantees. Details of the Share Options are set out below:
Date of grant : 14 January 2013
Exercise price of
Share Options granted : HK$0.163 per Share Number of Share Options granted : 203,000,000 Share Options Closing price of the Shares
on the date of grant : HK$0.163 per Share
Validity period of
the Share Options : Exercisable from 14 January 2013 to 13 January 2016
None of the Grantees is a director, chief executive or substantial shareholder of the Company, or any of their respective associates (as defined in the Listing Rules).
By Order of the Board
China Star Entertainment Limited Heung Wah Keung Chairman
Hong Kong, 14 January 2013

As at the date of this announcement, the executive directors of the Company are Mr. Heung Wah Keung, Ms. Chen Ming Yin, Tiffany and Ms. Li Yuk Sheung; and the independent non-executive directors are Mr. Hung Cho Sing, Mr. Ho Wai Chi, Paul and Mr. Tang Chak Lam, Gilbert.

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