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.

Sheen Tai Holdings Group Company Limited

(incorporated in the Cayman Islands with limited liability) (Stock code: 01335)

GRANT OF SHARE OPTIONS

This announcement is made pursuant to Rule 17.06A of the Rules Governing the Listing of Securities on The
Stock Exchange of Hong Kong Limited (the "Stock Exchange") (the "Listing Rules").
The board (the "Board") of directors (the "Directors") of Sheen Tai Holdings Group Company Limited (the "Company") hereby announces that on 29 January 2015, 14,600,000 share options (the "Share Options") to subscribe for up to a total of 14,600,000 ordinary shares of HK$0.01 each of the Company (the "Shares") were granted to certain employees and individuals (the "Grantees") under the share option scheme adopted by the Company on 22 June 2012 (the "Scheme"), subject to the acceptance of the Grantees. Details of the Share Options are as follows:
Date of grant: 29 January 2015 (the "Date of Grant") Exercise price of Share Options granted: HK$3.30 per Share
Number of Share Options granted: 14,600,000 (each Share Option shall entitle the holder thereof to subscribe for one Share)
Closing price of the Shares on the HK$3.30 per Share
Date of Grant:
Average closing price of the Shares HK$3.272 per Share on the five business days immediately
preceding the Date of Grant:
Vesting and exercise period Subject to the rules of the Scheme, the Share Options shall be of the Share Options: vested and be exercisable in the following manner:
(a) 20% of the Share Options is exercisable from the first anniversary of the Date of Grant;
(b) 20% of the Share Options is exercisable from the second anniversary of the Date of Grant;
(c) 20% of the Share Options is exercisable from the third anniversary of the Date of Grant;

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(d) 20% of the Share Options is exercisable from the fourth anniversary of the Date of Grant; and
(e) the remaining 20% of the Share Options is exercisable from the fifth anniversary of the Date of Grant.
Outstanding and unexercised Share Options at the end of each vesting period may be rolled over to the next vesting periods and exercisable during the validity period of the Share Options, the expiry date of which is the day falling the date immediately before the tenth anniversary of the Date of Grant.
Validity period of the Share Options: 10 years from 29 January 2015 to 28 January 2025
Among the Share Options granted above, 2,100,000 Share Options were granted to the Directors, details of which are as follows:

Name of Director

Position(s) held with the Company

Number of

Share Options

Zeng Xiangyang

President and Executive Director

500,000

Bau Siu Fung

Executive Director

500,000

Huang Bo

Executive Director

500,000

Fong Wo, Felix

Independent Non-executive Director

200,000

Fan Qing

Independent Non-executive Director

200,000

Lo Wa Kei, Roy

Independent Non-executive Director

200,000

The grant of Share Options to each of the Directors and chief executive of the Company had been approved by the independent non-executive Directors (excluding independent non-executive Director who is the grantee of the Share Options). Each Director (including the independent non-executive Directors) had abstained from voting on the resolution relating to the Share Options granted to himself and his/her respective associates (as defined in the Listing Rules.
Save as disclosed herein and other than the grant of 400,000 Share Options to Mr. Guo Cheng, a member of the senior management of the Company and the son of Mr. Guo Yumin (the Chairman and an executive Director) and the step son of Ms. Xia Yu (an executive Director), each Grantee is neither Director, chief executive nor substantial shareholder of the Company nor associate (as defined in the Listing Rules) of any of them.
By order of the Board

Sheen Tai Holdings Group Company Limited Guo Yumin

Chairman

Hong Kong, 29 January 2015

As at the date of this announcement, the executive Directors are Mr. Guo Yumin, Ms. Xia Yu, Mr. Zeng Xiangyang, Mr. Huang Bo and Mr. Bau Siu Fung and the independent non-executive Directors are Ms. Fan Qing, Mr. Fong

Wo, Felix, and Mr. Lo Wa Kei, Roy.

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