GRANT OF SHARE AWARDS

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.Vobile Group Limited阜博集团有限公司 (Incorporated in the Cayman Islands with limited liability) (Stock code: 3738) GRANT OF SHARE AWARDS This announcement is made pursuant to Rule 17.06A of the Listing Rules. The Board announces that on 27 June 2024 the Company granted a total of 10904370 Awarded Shares to 31 Grantees including 2242863 Awarded Shares to 7 Directors and 8661507 Awarded Shares to 24 employee participants under the Share Award Plan.DETAILS OF GRANT OF THE AWARDED SHARES The details of the Awards granted to the Grantees are as follows: Date of grant: 27 June 2024 Grantees and number of 10904370 Awarded Shares including 2242863 Awarded Shares Awarded Shares: granted to 7 Directors and 8661507 Awarded Shares granted to 24 employee participants. Details of the grants to Directors are specified in the paragraph headed ‘‘Grants of Equity Awards to Directors’’ below. None of the employee participants needs to be disclosed on an individual basis.Purchase price for the Nil Awarded Shares: Closing price of the Shares HK$1.22 per Share preceding the date of grant: Vesting period: All of the Awarded Shares shall vest in the Grantees on the date of grant subject to the acceptance by the Grantees.– 1 –Under the Share Award Plan (which was adopted before the effective date of the new Chapter 17 of the Listing Rules (being 1 January 2023)) there are no restrictions prohibiting a vesting period of less than 12 months.The Remuneration Committee and the Board are of the view that a vesting period of less than 12 months is appropriate considering that the grants of Awarded Shares serve as a recognition of the Grantees’ past contribution to the Group in particular the Grantees’ performance for the past twelve months which contributed to the financial performance of the Group and to motivate and incentivise the Grantees to continuously contribute to the operation development and long-term growth of the Group.The Remuneration Committee and the Board are of the view that the grants of Awarded Shares to the Grantees with no vesting period aligns with the purpose of the Share Award Plan.Performance targets or The vesting of the Awarded Shares granted are not subject to any clawback mechanism: performance targets or any clawback mechanism. Taking into account that the Awarded Shares were granted to the grantees as recognition for their past contributions to the Group the Remuneration Committee is of the view that the grant of Awarded Shares without performance targets or a clawback mechanism is market competitive and aligns with the purpose of the Share Award Plan.Financial assistance: There are no arrangements for the Company or any of its subsidiaries to provide financial assistance to any Grantees to facilitate the purchase of the Awarded Shares under the Share Award Plan.The 10904370 Awarded Shares granted to the Grantees represent approximately 0.58% of the issued share capital of the Company as at the date of this announcement. The 10904370 Awarded Shares represent the value of approximately HK$13303000 taking into closing price of the Shares preceding the date of grant of HK$1.22 per Share.– 2 –GRANTS OF EQUITY AWARDS TO DIRECTORS Out of the 10904370 Awarded Shares granted 2242863 Awarded Shares are granted to the following Directors: Number of Awarded Shares Name of Grantees Role granted Mr. WONG Wai Kwan Executive Director 320409 Mr. CHAN Ching Yan Daniel Non-executive Director 320409 Mr. J David WARGO Non-executive Director 320409 Mr. TANG Yi Hoi Hermes Non-executive Director 320409 Mr. Alfred Tsai CHU Independent Non-executive Director 320409 Mr. Charles Eric EESLEY Independent Non-executive Director 320409 Mr. KWAN Ngai Kit Independent Non-executive Director 320409 Pursuant to Rule 17.04(1) of the Listing Rules the grant of Awards to each of the above Directors has been approved by the independent non-executive Directors (with the respective independent non- executive Directors abstaining from voting on the relevant resolution approving the grant of Awards to himself). Save as disclosed above to the best of the Directors’ knowledge information and belief having made all reasonable enquiry none of the Grantees is (i) a Director nor a chief executive or a substantial shareholder of the Company or an associate of any of them; (ii) a participant with options and awards granted and to be granted exceeding the 1% individual limit under Rule 17.03D of the Listing Rules; or (iii) a related entity participant or service provider with options and awards granted and to be granted in any 12-month period exceeding 0.1% of the total issued Shares.None of the grant will be subject to approval by the Shareholders.NUMBER OF SHARES AVAILABLE FOR FUTURE GRANT After the grant of the Awarded Shares an aggregate of 172403039 Shares will be available for further grant pursuant to the Share Award Plan.REASONS FOR THE GRANT OF THE AWARDED SHARES The purposes of the Share Award Plan are to recognise and reward the contributions of certain Eligible Participants to the growth and development of the Group and to give incentives in order to retain them for continual operation and development of the Group and to attract suitable personnel for further development of the Group.– 3 –DEFINITIONS In this announcement unless the context otherwise requires the following expressions shall have the following meanings: ‘‘Awarded Shares’’ the 10904370 Shares held by the trustee through acquisition from the open market for the purpose of grant of Awards to the Grantees ‘‘Awards’’ awards of the Awarded Shares to the Grantees pursuant to the Share Award Plan ‘‘Board’’ the board of Directors ‘‘Company’’ Vobile Group Limited an exempted company incorporated with limited liability under the laws of the Cayman Islands and the shares of which are listed on the Stock Exchange ‘‘Director(s)’’ director(s) of the Company ‘‘Eligible Person(s)’’ eligible person(s) under the Share Award Plan ‘‘employee participant(s)’’ shall have the same meaning as set out in Rule 17.03A of the Listing Rules ‘‘Grantee(s)’’ the grantee(s) of the Awards ‘‘Group’’ the Company and its Subsidiaries ‘‘HKD’’ or ‘‘HK$’’ Hong Kong dollars the lawful currency of Hong Kong ‘‘Hong Kong’’ the Hong Kong Special Administrative Region of the People’s Republic of China ‘‘Listing Rules’’ the Rules Governing the Listing of Securities on the Stock Exchange ‘‘Remuneration Committee’’ the remuneration committee of the Company ‘‘Share(s)’’ ordinary share(s) of US$0.000025 each in the share capital of the Company ‘‘Share Award Plan’’ the share award plan of the Company adopted by the Company on 6 May 2019 as amended from time to time ‘‘Shareholder(s)’’ the shareholders of the Company ‘‘Stock Exchange’’ The Stock Exchange of Hong Kong Limited – 4 –‘‘Subsidiaries’’ has the meaning ascribed thereto under the Listing Rules ‘‘substantial shareholder(s)’’ shall have the same meaning as set out in the Listing Rules ‘‘%’’ per cent By Order of the Board Vobile Group Limited Yangbin Bernard Wang Chairman Hong Kong 27 June 2024 As at the date of this announcement the board of directors of the Company comprises Mr. Yangbin Bernard WANG and Mr. WONG Wai Kwan as executive directors; Mr. CHAN Ching Yan Daniel Mr. J David WARGO and Mr. TANG Yi Hoi Hermes as non-executive directors; and Mr. Alfred Tsai CHU Mr. Charles Eric EESLEY and Mr. KWAN Ngai Kit as independent non-executive directors.–5–