Kingbo Strike : Proposals for (1) General Mandates to Issue and Repurchase Shares; (2) Re-election of Retiring Directors; (3) Adoption of the share option scheme; and (4) Notice of Annual General Meeting

If you are in any doubt as to any aspect of this circular or as to the action to be taken, you should consult a stockbroker or other registered dealer in securities, a bank manager, solicitor, professional accountant or other professional adviser. If you have sold or transferred all your shares in Kingbo Strike Limited (the "Company"), you should at once hand this circular, together with the enclosed form of proxy, to the purchaser or transferee or to the bank, stockbroker or other agent through whom the sale or transfer was effected for transmission to the purchaser or transferee.

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited (the "Stock Exchange") take no responsibility for the contents of this circular, 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 circular.

KINGBO STRIKE LIMITED

工 蓋 有 限 公 司 *

(incorporated in the Cayman Islands with limited liability)

(Stock code: 1421) PROPOSALS FOR

1. GENERAL MANDATES TO ISSUE AND REPURCHASE SHARES;
2. RE-ELECTION OF RETIRING DIRECTORS;
3. ADOPTION OF NEW SHARE OPTION SCHEME; AND
4. NOTICE OF ANNUAL GENERAL MEETING

A notice convening the annual general meeting (the "AGM") of the Company to be held at Seminar Room, Level 20, Infinitus Plaza, 199 Des Voeux Road Central, Hong Kong on Friday, 20 October 2017 at 9:30 a.m. is set out on pages 27 to 31 of this circular.

Whether or not you are able to attend the AGM, please complete and sign the enclosed form of proxy in accordance with the instructions printed thereon and return it to the Company's branch share registrar in Hong Kong, Union Registrars Limited, at Suites 3301-04, 33/F, Two Chinachem Exchange Square, 338 King's Road, North Point, Hong Kong as soon as possible but in any event not later than 9:30 a.m. on Wednesday, 18 October 2017 (Hong Kong time). Completion and return of the form of proxy will not preclude shareholders from attending and voting in person at the AGM if they so wish and in such event, the form of proxy shall be deemed to be revoked.

* For identification purpose only 14 September 2017

Page

DEFINITIONS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 LETTER FROM THE BOARD . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 APPENDIX I - DETAILS OF THE RETIRING DIRECTORS PROPOSED TO BE RE-ELECTED AT THE AGM 11 APPENDIX II - EXPLANATORY STATEMENT ON GENERAL MANDATE TO REPURCHASE SHARES 14 APPENDIX III - SUMMARY OF THE PRINCIPAL TERMS OF THE NEW SHARE OPTION SCHEME 17 NOTICE OF AGM 27

In this circular, unless the context otherwise requires, the following expressions shall have the following meanings:

"Adoption Date" the date on which the New Share Option Scheme is conditionally adopted by an ordinary resolution of the Shareholders

"AGM" the annual general meeting of the Company to be held at Seminar Room, Level 20, Infinitus Plaza, 199 Des Voeux Road Central, Hong Kong on Friday, 20 October 2017 at 9:30 a.m., or any adjournment thereof

"Articles" the articles of association of the Company currently in force

"Board" the board of Directors

"Company" Kingbo Strike Limited, a company incorporated in the Cayman Islands with limited liability, the issued Shares of which are listed on the Main Board of the Stock Exchange

"Director(s)" the director(s) of the Company

"Eligible Participant(s)" full time or part time employees of the Group (including

any directors, whether executive or non-executive and whether independent or not, of the Group); and any business or joint venture partners, contractors, agents or representatives, consultants, advisers, suppliers, producers or licensors, customers, licensees (including any sub-licensee) or distributors, landlords or tenants (including any sub-tenants) of the Group

"Existing Share Option Scheme" the existing share option scheme of the Company

adopted by the Company on 13 February 2017

"Hong Kong" the Hong Kong Special Administrative Region of the People's Republic of China

"Issue Mandate" the proposed general and unconditional mandate to be granted to the Directors to allot, issue and deal with additional Shares up to a maximum of 20% of the number of issued Shares as at the date of passing of the relevant resolution at the AGM

"Latest Practicable Date" 11 September 2017, being the latest practicable date

prior to the printing of this circular for ascertaining certain information contained herein

"Listing Rules" the Rules Governing the Listing of Securities on the Stock Exchange

"New Share Option Scheme" the new share option scheme proposed to be

conditionally adopted by the Company at the AGM, a summary of its principal terms is set out in Appendix III to this circular

"Option(s)" the share option(s) to subscribe for Shares on terms determined by the Directors pursuant to the Existing Share Option Scheme or the New Share Option Scheme (as the case may be)

"Repurchase Mandate" the proposed general and unconditional mandate to be

granted to the Directors to repurchase Shares not exceeding 10% of the number of issued Shares as at the date of passing of the relevant resolution at the AGM

"Share(s)" ordinary share(s) of HK$0.01 each in the issued capital of the Company or if there has been a subsequent sub-division, consolidation, reclassification or reconstruction of the share capital of the Company, shares forming part of the ordinary equity share capital of the Company

"Shareholder(s)" holder(s) of Share(s)

"Stock Exchange" The Stock Exchange of Hong Kong Limited

"Takeovers Code" The Code on Takeovers and Mergers approved by the Securities and Futures Commission as amended from time to time

"HK$" Hong Kong dollar(s), the lawful currency of Hong Kong

"%" per cent.