Union Medical Healthcare : GRANT OF SHARE OPTIONS CANCELLATION OF SHARE OPTIONS

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Union Medical Healthcare Limited

香港醫思醫療集團有限公司*

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 2138)

GRANT OF SHARE OPTIONS

CANCELLATION OF SHARE OPTIONS

GRANT OF SHARE OPTIONS

This announcement is made pursuant to Rule 17.06A of the Rules Governing the Listing of Securities (the "Listing Rules") on The Stock Exchange of Hong Kong Limited (the "Stock Exchange").

The board (the "Board") of directors (the "Directors", and each, a "Director") of Union Medical Healthcare Limited (the "Company", together with its subsidiaries, the "Group") hereby announces that on 5 March 2020, the Company granted 150,000 share options (the "Share Options") to a grantee (the "Grantee"), subject to acceptance by the Grantee, under the share option scheme adopted by the Company on 19 February 2016 ("Share Option Scheme"). Details of Share Options granted are as follows:

Date of Grant:	5 March 2020
Exercise price of Share	150,000 Share Options with exercise price of HK$6.00 per share of the
Options granted:	Company (the "Share"), which is:
	i.	higher than the closing price of HK$4.99 per Share as stated in the
		daily quotation sheets issued by the Stock Exchange on the date of
		grant of the Share Options, i.e. 5 March 2020;
	ii.	higher than the average closing price of HK$5.01 per Share as
		stated in the daily quotation sheets issued by the Stock Exchange
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			for the five (5) business days immediately preceding the date of
			grant of the Share Options; and
			iii. higher than the nominal value of HK$0.00001 per Share.
Number	of	Share	An aggregate of 150,000 Share Options (each Share Option shall entitle
Options granted:	the holder thereof to subscribe for one (1) Share)
Validity	period	of the	All Share Options shall vest in the Grantee immediately upon
Share Options:	acceptance and shall remain exercisable until 7 November 2029 (both
			dates inclusive).

To the best knowledge, information and belief of the Directors, having made all reasonable enquiries, the Grantee is neither a Director, chief executive nor substantial shareholder of the Company nor an associate (as defined under the Listing Rules) of any of them.

CANCELLATION OF SHARE OPTIONS

Reference is made to the announcement of the Company dated 8 November 2019. The relevant grantee has agreed to cancel the share options granted on 8 November 2019 and the same has been cancelled by the Company.

By Order of the Board of

Union Medical Healthcare Limited

Raymond Siu

Company Secretary

Hong Kong, 5 March 2020

As at the date of this announcement, the executive Directors of the Company are Mr. Tang Chi Fai, Mr. Lee Gabriel, Mr. Wong Chi Cheung and Mr. Lee Heung Wing, the non-executive Directors are Mr. Luk Kun Shing Ben and Dr. Wang David Guowei, and the independent non-executive Directors are Mr. Ma Ching Nam, Mr. Look Andrew and Mr. Lam Chi Hang Josekin.

*For identification purpose only

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