NetDragon Websoft : GRANT OF AWARDED SHARES BY THE COMPANY PURSUANT TO THE SHARE AWARD SCHEME

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NetDragon Websoft Holdings Limited 網龍網絡控股有限公司

(incorporated in the Cayman Islands with limited liability)

(Stock Code: 777)

GRANT OF AWARDED SHARES BY THE COMPANY

PURSUANT TO THE SHARE AWARD SCHEME

Reference is made to the announcement (the "Announcement") of NetDragon Websoft Holdings Limited ( the " Company") dated 3 September 2008 in relation to the adoption of the employee incentive programme (the "Share Award Scheme"). Unless defined otherwise, capitalised terms used herein shall have the same meanings ascribed to them in the Announcement.

The Board announces that on 26 March 2021, the Company awarded 120,000 Awarded Shares to D r . Leung Lim Kin Simon (the "Dr. Leung"), being the vice chairman and executive director of the Company, pursuant to the Share Award Scheme (the "Awarded Shares").

The Awarded Shares were granted to Dr. Leung at nil consideration by way of allocation of Returned Shares held by the Trustee pursuant to the Share Award Scheme and the terms of the Trust Deed. Subject to the acceptance by Dr. Leung, the Awarded Shares shall be vested on 26 March 2021. Upon acceptance by Dr. Leung, such Awarded Shares may be held by Dr. Leung in his own name or such nominee, including any trustee, as designated by him.

As Dr. Leung is executive director, therefore is the connected person of the Company. The grant of Awarded Shares to Dr. Leung has been approved by the Board. Dr. Leung has abstained from voting on the board resolution approving the grant of Awarded Shares. The grant of Awarded Shares forms part of Dr. Leung's remunerations and therefore is exempt from the reporting, announcement and independent shareholder's approval requirements pursuant to Rules 14A.73(6) and 14A.95 of the Listing Rules.

By order of the Board

NetDragon Websoft Holdings Limited

Liu Dejian

Chairman

Hong Kong, 26 March 2021

As at the date of this announcement, the Board comprises five executive Directors, namely Mr. Liu Dejian, Dr. Leung Lim Kin Simon, Mr. Liu Luyuan, Mr. Zheng Hui and Mr. Chen Hongzhan; one non-executive Director, namely Mr. Lin Dongliang; and three independent non-executive Directors, namely Mr. Chao Guowei, Charles, Mr. Lee Kwan Hung, Eddie and Mr. Liu Sai Keung, Thomas.