AGTech : Announcements and Notices - Grant of Award Shares Pursuant to Share Award Scheme

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.

AGTech Holdings Limited ԭ௹߅ҦછٰϞࠢʮ̡*

(incorporated in Bermuda with limited liability)

(Stock Code: 8279)

GRANT OF AWARD SHARES PURSUANT

TO SHARE AWARD SCHEME

Reference is made to the announcement of the Company dated 17 March 2017 (the "Announcement") relating to the adoption of the Share Award Scheme by the Board. Unless otherwise defined, capitalized terms used in this announcement shall have the same meanings ascribed to them in the Announcement.

On 10 January 2018, the Board resolved to grant a total of 28,800,000 Award Shares on the same date to 33 Eligible Persons, who are Employees and independent of the Company and its connected persons (as defined under the GEM Listing Rules). Details of the grant are as follows:

Selected Participants	Number of Award Shares granted	Vesting Period
33 Eligible Persons who are Employees and independent of the Company and its connected persons (as defined under the GEM Listing Rules)	14,400,000 7,200,000 7,200,000	11 May 2019 to 26 October 2019 11 May 2020 to 26 October 2020 11 May 2021 to 26 October 2021
Total:	28,800,000

The 28,800,000 Award Shares granted represent approximately 0.26% of the issued share capital of the Company as at the date of this announcement. Based on the closing price of HK$1.26 per Share on the date of the grant of the Award Shares, the market value of the 28,800,000 Award Shares in aggregate is HK$36,288,000.

All of the 28,800,000 Award Shares shall be granted by way of acquisition of existing Shares through on-market transactions by the Trustee. The Board shall cause to pay the Trustee the purchase price and the related expenses from the Company's cash resources. The Trustee shall purchase from the market the relevant number of Award Shares and shall hold the Award Shares on trust for the relevant Selected Participants until they are vested in such Selected Participants and delivered in accordance with the terms of the Share Award Scheme. There is no condition, performance target or lock up restriction attached to the Award Shares.

By order of the Board AGTech Holdings Limited

Sun Ho Chairman & CEO

The Hong Kong Special Administrative Region of the People's Republic of China, 10 January 2018

*

For identification purposes only

As at the date of this announcement, the Board comprises (i) Mr. Sun Ho and Mr. Zhou Haijing as executive Directors; (ii) Mr. Zhang Qin, Mr. Yang Guang, Mr. Ji Gang and Mr. Zou Liang as non-executive Directors; and (iii) Ms. Monica Maria Nunes, Mr. Feng Qing and Dr. Gao Jack Qunyao as independent non-executive Directors.

This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on the Growth Enterprise Market ("GEM") of the Stock Exchange for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that, to the best of their knowledge and belief, the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading.

This announcement will remain on the "Latest Company Announcements" page of the GEM website operated by the Stock Exchange atwww.hkgem.comfor at least seven days from the day of its posting and will be published on the website of the Company atwww.agtech.com.