Tian Ge Interactive : GRANT OF RESTRICTED SHARE UNITS

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Tian Ge Interactive Holdings Limited

天 鴿 互 動 控 股 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1980)

GRANT OF RESTRICTED SHARE UNITS

The Board announces that on 31 March 2021, the Company granted RSUs in respect of a total of 25,200,000 Shares pursuant to the Company's RSU Scheme.

The Company appointed The Core Trust Company Limited (匯聚信託有限公司) as the trustee and Xinshow Limited, a company incorporated in the British Virgin Islands and an independent third party, as the nominee to administer the RSU Scheme.

Reference is made to the Post-IPO Restricted Share Unit Scheme (the "RSU Scheme") adopted by Tian Ge Interactive Holdings Limited (the "Company") on 16 June 2014 (and subsequently amended on 30 March 2021) to incentivize directors of the Company (the "Director(s)"), senior management, consultants and employees of the Company for their contribution to the Company, to retain them for continual operation and development of the Company and to attract suitable personnel for further development of the Company. Details of the RSU Scheme are set out in the prospectus of the Company dated 25 June 2014, the 2019 annual report of the Company and the notice of amendments to the RSU Scheme dated 30 March 2021. The board of Directors (the "Board") of the Company announces that on 31 March 2021, the Company has granted restricted share units (the "RSUs") in respect of a total of 25,200,000 ordinary shares of US$0.0001 each of the Company (the "Shares") to the grantees (the "Grantees") as annual rewards. Details of the RSUs granted are as follows:

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						Number of
				Number of	underlying
Date of grant	Vesting date	RSUs granted Shares involved
31 March 2021	(1)	1	September 2021	12,600,000		12,600,000
	(2)	1	March 2022	12,600,000		12,600,000
Total
			25,200,000		25,200,000

None of the Grantees is a Director, chief executive or substantial shareholder of the Company, nor an associate (as defined under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited) of any of them.

By order of the Board

Tian Ge Interactive Holdings Limited

Fu Zhengjun

Chairman

Hong Kong, 31 March 2021

As of the date of this announcement, the executive Directors are Mr. Fu Zhengjun and Mr. Mai Shi'en; the non-executive Directors are Mr. Xiong Xiangdong and Ms. Cao Fei; and the independent non-executive Directors are Mr. Lam Yiu Por, Mr. Yang Wenbin and Mr. Chan Wing Yuen Hubert.

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