Green Leader : SUPPLEMENTAL ANNOUNCEMENT

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.

GREEN LEADER HOLDINGS GROUP LIMITED

綠領控股集團有限公司

(Incorporated in Bermuda with limited liability)

(Stock Code: 61)

SUPPLEMENTAL ANNOUNCEMENT

Reference is made to the annual report of the Company and its subsidiaries (collectively, the "Group") (the "2019 Annual Report") for the year ended 31 December 2019. Unless the context requires otherwise, capitalised terms used herein shall bear the same meanings as defined in the 2019 Annual Report.

Further to the information disclosed in the 2019 Annual Report, the Company would like to provide to the Shareholders and the potential investors with the following additional information in relation to the use of proceeds from the placing of new shares under general mandate (the "Placing") and the Share Option Scheme.

THE USE OF PROCEEDS FROM THE PLACING

Up to 31 December 2019, the Group has fully utilised the net proceeds of approximately HK$58,170,000 from the Placing as follows:

	Original allocation as stated
	in the announcements dated
Use of proceeds	14 December 2018 and	Amount utilised up to
9 January 2019	31 December 2019
	approximately HK$40,000,000 for	approximately HK$40,000,000 of
	the repayment of indebtedness of	the net proceeds has been utilised
	the Group	for the repayment of indebtedness
			of the Group
	remaining balance of	approximately HK$18,170,000 of
	approximately HK$18,170,000 for	the remaining balance of net
	the business development of the	proceeds has been utilised
	Group in Cambodia and general	for the business development in
	working capital purposes	Cambodia and general working
			capital purposes, mainly towards
			the property, plant and equipment,
			administrative and operating
			expenses and other payments
Total	HK$58,170,000	HK$58,170,000

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As disclosed above, as at 31 December 2019, all the proceeds from the Placing have been utilised as intended and there is no material change between the intended use of proceeds and the actual use of proceeds.

SHARE OPTION SCHEME

The following table discloses the movements in the Company's outstanding share options during the year ended 31 December 2019.

			Outstanding			Number of share options			Outstanding
						at	Granted	Exercised	Cancelled	Lapsed		at
	Share				1 January	during	during	during	during	31 December
	options type	2019	the period	the period	the period	the period	2019
Directors and chief
executive								-	-	-	-
Mr. Zhang Sauhuo	2015		1,600,000	1,600,000
Mr. Tse Michael Nam	2015		6,000,000		-	-	-	-	6,000,000
	2017	- A	72,967,400		-	-	-	-	72,967,400
Mr. Leung Po Wing	2015		1,000,000		-	-	-	(1,000,000)		-
Ms. Leung Yin Fai	2015		1,000,000		-	-	-	-	1,000,000
Mr. Zhou Chengjian	2015		1,000,000		-	-	-	(1,000,000)		-
Mr. Zhou Chunsheng	2015			1,000,000		-		-		-		(1,000,000)		-
Total directors and								-		-		-
chief executive			84,567,400	(3,000,000)	81,567,400
Employees	2015		25,300,000		-		-				(900,000)	24,400,000
	2019					-		450,500,000		-		-		-		450,500,000
Total employees			25,300,000	450,500,000		-		-		(900,000)	474,900,000
Other grantees	2015		9,000,000		-	-		-		-		9,000,000
	2017	- B	58,373,970		-	-	-	-	58,373,970
	2018		20,000,000		-	-	-	-	20,000,000
	2019					-		279,500,000		-		-		-		279,500,000
Total other grantees			87,373,970	279,500,000		-		-		-		366,873,970
Total			197,241,370	730,000,000		-	-	(3,900,000)	923,341,370
Exercisable at the end
																-
of the period

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Details of specific categories of share options are as follows:

			Closing Price
			before the
Share			grant date			Exercise price
options type	Date of grant	(adjusted)	Exercise period	(adjusted)
			HK$			HK$
2015	14	July 2015	1.310	14	July 2015 to	1.5000
					13 July 2025
2017 - A	29	May 2017	0.360	29	May 2017 to	0.3520
					28 May 2027
2017 - B	2 November 2017	0.380	2 November 2017 to	0.0368
					1 November 2027
2018	24	May 2018	0.280	24	May 2018 to	0.3500
					23 May 2028
2019	17	January 2019	0.054	17	January 2019 to	0.0544
					16 January 2029

The above additional information does not affect other information contained in the 2019 Annual Report, save as disclosed in this announcement, the remaining contents of the 2019 Annual Report remain unchanged.

By the order of the Board of

Green Leader Holdings Group Limited

Mr. Tse Michael Nam

Executive Director

Hong Kong, 26 August 2020

As at the date of this announcement, the Directors are:

Executive Directors

Mr. Zhang Sanhuo

Mr. Tse Michael Nam (Chief Executive Officer)

Independent non-executive Directors

Mr. Ho Kin Cheong Kelvin

Mr. Tian Hong

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