Global Energy Resources Intl : Announcements and Notices - Grant of Share Options

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.

Global Energy Resources International Group Limited ᐑଢঐ๕༟๕਷ყණྠϞࠢʮ̡

(continued in Bermuda with limited liability)

(Stock Code: 8192)

GRANT OF SHARE OPTIONS

This announcement is made pursuant to Rule 23.06A of the Rules Governing the Listing of Securities on the Growth Enterprise Market ("GEM") of The Stock Exchange of Hong Kong Limited (the "GEM Listing Rules").

The board of directors (the "Board") of Global Energy Resources International Group Limited (the "Company", together with its subsidiaries, the "Group") hereby announces that on 11 January 2018, the Company has granted, subject to acceptances of the Grantees (the "Grantees"), share options to certain eligible participants under the share option scheme of the Company adopted on 9 May 2012 (the "Share Option Scheme"), to subscribe for a total of 54,876,000 ordinary shares of HK$0.04 each of the Company (the "Shares"). Details of the share options granted are set out below:

Date of Grant:

11 January 2018

Exercise Price of share options granted:

HK$0.370 per Share (Note)

Number of share options granted:

54,876,000 share options (each share option shall entitle the holder of the share options to subscribe for one Share)

Closing Price of the Shares on the date of grant:

HK$0.365 per Share

Validity period of the share options:

11 January 2018 to 9 May 2022 (both days inclusive) subject to the provisions for early termination contained in the Share Option Scheme and certain vesting conditions applicable to the relevant Grantee(s)

Note:

The exercise price represents the highest of (i) the closing price of HK$0.365 per Share as stated in the daily quotations sheet issued by the Stock Exchange on the date of grant; (ii) the average closing price of HK$0.370 per Share as stated in the daily quotations sheet issued by the Stock Exchange for the 5 business days immediately preceding the date of grant; and (iii) the nominal value of the Share of HK$0.04 each.

Among the total of 54,876,000 share options granted, 35,208,000 share options were granted to the directors of the Company as follows:

Number of

Name	Capacity in the Company	share options
Mr. Chen Ping	Chairman and Executive Director	10,356,000
Ms. Ma Jian Ying	Chief Executive Officer and	10,356,000
Executive Director
Mr. Tsang Chun Kit Terence	Executive Director	10,356,000
Mr. Hsu Bin Chun	Non-executive Director	3,108,000
Mr. Shi Guang Rong	Non-executive Director and	1,032,000
substantial shareholder
Total	35,208,000

The grant of share options to each of the above Directors has been approved by the independent non-executive directors. Save as disclosed above, none of the Grantees is a director, chief executive or substantial shareholder of the Company, or any of their respective associates (as defined under the GEM Listing Rules) as at the date of this announcement.

By order of the Board

Global Energy Resources International Group Limited

Ma Jian Ying

Chief Executive Officer and Executive Director

Hong Kong, 11 January 2018

As at the date of this announcement, the board of Directors comprises Mr. Chen Ping, Ms. Ma Jian Ying, Mr. Tsang Chun Kit Terence and Mr. Wang An Zhong as executive Directors, Mr.

Shi Guang Rong and Mr. Hsu Bin Chun as non-executive Directors and Mr. Leung Wah, Ms.

Sun Ching and Ms. Wong Mei Ling 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 of The Stock Exchange of Hong Kong Limited 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 GEM website atwww.hkgem.comon the "Latest Company Announcements" page for at least 7 days from the date of its posting and on the

Company website atwww.8192.com.hk.