Sunny Optical Technology : COMPLETION OF ISSUE OF U.S.$600,000,000 3....

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.

This announcement is for information purposes only, and does not constitute an invitation or an offer to acquire, purchase or subscribe for securities. No public offer of the securities referred to herein will be made in Hong Kong, the United States or any other jurisdiction.

Neither this announcement nor anything herein constitutes an offer of securities for sale or solicitation of an offer to buy securities in the United States. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or the securities laws of any other jurisdiction, and may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act.

Any public offering of securities to be made in the United States will be made by means of a prospectus. Such prospectus will contain detailed information about the Company making the offer and its management and financial statements. The Company has not registered and does not intend to register, any of the securities in the United States. This announcement is not for distribution, directly or indirectly, in or into the United States.

SUNNY OPTICAL TECHNOLOGY (GROUP) COMPANY LIMITED ഭρΈኪ߅Ҧ€ණྠϞࠢʮ̡

(incorporated in the Cayman Islands with limited liability)

(Stock code: 2382.HK)

COMPLETION OF ISSUE OF U.S.$600,000,000 3.75 PER CENT.

BONDS DUE 2023

Reference is made to the announcements of Sunny Optical Technology (Group) Company Limited (the "Company") dated 10 January 2018 and 16 January 2018 in relation to the Bonds Issue (the "Announcements"). Unless otherwise defined, capitalised terms used herein have the same meanings as ascribed to them in the Announcements.

The Board is pleased to announce that all the conditions to the obligations of the initial purchasers under the Subscription Agreement have been satisfied and that the completion of the proposed issuance of the Bonds took place on 23 January 2018.

The Bonds were offered and sold to investors independent from the Company and its subsidiaries. To the best of the Directors' knowledge, information and belief after all reasonable enquiries, each of the investors (and their ultimate beneficial owners) are independent third parties and not connected persons of the Company.

By order of the Board

Sunny Optical Technology (Group) Company Limited

Ye Liaoning

Chairman and Executive Director

Hong Kong, 23 January 2018

As at the date of this announcement, the Board comprises Mr. Ye Liaoning, Mr. Sun Yang and Mr. Wang Wenjie, who are executive directors; Mr. Wang Wenjian, who is non-executive director, and Mr. Zhang Yuqing, Mr. Feng Hua Jun and Mr. Shao Yang Dong, who are independent non-executive directors.