Feiyu Technology International : Voluntary Announcement - Acquisition of Shares By Executive Director

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Feiyu Technology International Company Ltd.

࠭௡߅Ҧ਷ყϞࠢʮ̡

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1022)

VOLUNTARY ANNOUNCEMENT

ACQUISITION OF SHARES BY EXECUTIVE DIRECTOR

This announcement is made by Feiyu Technology International Company Ltd. (the "Company") on a voluntary basis.

Reference is made to the announcement of the Company dated 18 January 2018 (the "Announcement") in relation to, among other things, the acquisition of Shares by Mr. YAO Jianjun ("Mr. Yao"), an executive Director, the chairman and a controlling shareholder of the Company. Unless the context otherwise requires, capitalised terms used in this announcement shall have the same meanings as those defined in the Announcement.

The Board hereby announces that the Company was informed by Mr. Yao that on 18 January 2018, he has further acquired an aggregate of 1,887,000 Shares in the open market at a total consideration of approximately HK$1,743,477.00 with an average price of approximately HK$0.92 per Share (the "Acquisition").

Immediately after the Acquisition, Mr. Yao is deemed to be interested in an aggregate of 486,515,500 Shares within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of The laws of Hong Kong) (out of which 481,399,000 Shares were held indirectly through YAO Holdings Limited, a company controlled by Mr. Yao and 5,116,500 shares were held directly by Mr. Yao), representing approximately 31.41% of the existing issued share capital of the Company as at the date of this announcement.

The Board is of the view that the Acquisition indicates, as an executive Director and the chairman of the Company, the satisfaction of Mr. Yao with the current operations of the Company and his confidence in the long-term growth and prospects of the Company and the online game industry.

By Order of the Board

Feiyu Technology International Company Ltd.

YAO Jianjun

Chairman, Chief Executive Officer and

Executive Director

Hong Kong, 18 January 2018

As at the date of this announcement, the Board comprises Messrs. YAO Jianjun, CHEN Jianyu, BI Lin, LIN Jiabin and LIN Zhibin, as executive Directors; and Ms. LIU Qianli, and Messrs. LAI Xiaoling and MA Suen Yee Andrew, as independent non-executive Directors.