Power Financial : SUPPLEMENTAL INFORMATION TO THE ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2019

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Power Financial GroupLimited

權 威 金 融 集 團 有 限 公 司

(Incorporated in Bermuda with limited liability)

(Stock code: 397)

SUPPLEMENTAL INFORMATION

TO THE ANNUAL REPORT

FOR THE YEAR ENDED 31 DECEMBER 2019

Reference is made to the annual report of Power Financial Group Limited (the "Company", and together with its subsidiaries, the "Group") for the year ended 31 December 2019 (the "2019 Annual Report") published on 23 April 2020. Unless otherwise defined herein, capitalised terms used in this announcement shall have the same meanings as those defined in the 2019 Annual Report.

The Board would like to provide additional information in respect of the Group's share option schemes as disclosed in the 2019 Annual Report.

SHARE OPTION SCHEMES

As disclosed in the 2019 Annual Report, the Company granted 55,660,000 share options under the New Share Option Scheme on 19 June 2019. The closing price of the Company's shares immediately before the date on which such options were granted was HK$0.109.

As at the date of the 2019 Annual Report, under the Old Share Option Scheme and the New Share Option Scheme, the total number of share options available for issue was 0 share and 206,511,273 shares (representing 0% and approximately 7.42% of the issued shares of the Company as at 30 March 2020, being the date of the 2019 Annual Report) respectively.

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The total number of shares issued and which may fall to be issued upon exercise of the options under any share option scheme of the Group (including both exercised or outstanding options) to each participant in any 12-month period shall not exceed 1% of the issued share capital of the Company for the time being.

Save as disclosed above, all other information in the 2019 Annual Report remains unchanged.

On behalf of the Board

Power Financial Group Limited

Choi Chun Chung, Danny

Chairman and Chief Executive Officer

Hong Kong, 11 August 2020

As at the date of this announcement, the executive Directors are Mr. Choi Chun Chung, Danny and Mr. Siu Kam Chau; and the independent non-executive Directors are Ms. Chan Kar Yin, Polly, Mr. Chiu Ka Wai, Ellis and Mr. Kwok Sze Kong.

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