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.

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 (the ''Board'') of Sino-Ocean Group Holding Limited (the ''Company'') announces that the Company has granted 53,800,000 share options (the ''Options'') to subscribe for ordinary shares of the Company (the ''Shares'') under its share option scheme, subject to acceptance of the grantees. Details of the Options granted are set out below:

Date of grant : 24 August 2017 Exercise price of Options granted : HK$4.70

Number of Options granted : 53,800,000 Options, of which each Option shall

entitle the holder of the Option to subscribe for one Share

Closing price of the Shares on the date of grant

: HK$4.70

Validity period of the Options : Within 5 years from the date of grant

The Options granted are exercisable within a five-year period, of which 40% of the Options will become exercisable one year from the date of grant, 70% of the Options will become exercisable two years from the date of grant, and 100% of the Options will become exercisable three years from the date of grant.

Among the total of 53,800,000 Options granted, 5,000,000 Options were granted to the directors of the Company (the ''Directors'') with details as follows:

Name of Director Position

Number of Options granted

Ms. Lam Sin Lai Judy Independent non-executive Director 500,000

Mr. Zhao Lijun Non-executive Director 500,000 Mr. Wen Haicheng Executive Director and vice president 2,000,000 Mr. Li Hongbo Executive Director and vice president 2,000,000

The grant of the Options to each of the above Directors has been approved by the independent non-executive Directors in accordance with Rule 17.04(1) of the Listing Rules (excluding the independent non-executive Director who is the grantee of the Options concerned).

By order of the Board

Sino-Ocean Group Holding Limited CHUNG Kai Cheong Company Secretary

Hong Kong, 24 August 2017

As at the date of this announcement, the directors of the Company comprise:

Executive Directors:

Mr. LI Ming Mr. LI Hu

Mr. WANG Yeyi Mr. SUM Pui Ying

Mr. WEN Haicheng Mr. LI Hongbo

Non-executive Directors:

Mr. ZHAO Lijun Mr. YAO Dafeng Mr. FANG Jun

Ms. SHANGGUAN Qing

Independent non-executive Directors:

Mr. HAN Xiaojing Mr. SUEN Man Tak Mr. WANG Zhifeng Mr. JIN Qingjun

Ms. LAM Sin Lai Judy

Sino-Ocean Group Holding Ltd. published this content on 23 August 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 24 August 2017 11:22:05 UTC.