Senior management, executives and staff who, because of their offices in the Company are likely to possess inside information, have also been requested to comply with the Model Code for securities transactions. No incident of non-compliance with the Model Code by such employees was noted by the Company during the year ended 31 December 2020.

# Publication of the Annual Results and 2020 Annual Report

This annual results announcement is published on the websites of Hong Kong Exchanges and Clearing Limited (www.hkexnews.hk) and the Company (www.feiyuhk.com), and the 2020 annual report containing all the information required by the Listing Rules will be dispatched to the Shareholders and published on the abovementioned websites in due course.

# APPRECIATION

The Board would like to express its sincere gratitude to the shareholders, management team, employees, business partners and customers of the Group for their continued support and contribution.

# GLOSSARY

<table><tr><td>“ARPPU”</td><td>average revenue dbiiiper idpayng user, calculate dy vng 
monthly average revenue from the sale of virtual items and 
premium features during a certain period by the number of 
average MPUs during the same period</td></tr><tr><td>“Audit Committee”</td><td> the audit committee of the Board</td></tr><tr><td> “Board”</td><td> the board of Directors</td></tr><tr><td>“Cayman Islands”</td><td> the Cayman Islands</td></tr><tr><td>“CG Code”</td><td> Corporate Governance Code as set out in Appendix 14 to the 
Listing Rules</td></tr><tr><td>“Chairman”</td><td> the chairman of the Board</td></tr><tr><td>“Chief Executive Officer”</td><td> the chief executive officer of the Company</td></tr><tr><td>“China” or “PRC” or 
“Mainland China”</td><td>the Peol’lpes Rebidpuc of China excluing, for the purpose of 
this announcement, the Hong Kong Special Administrative 
Reigon of the Peol’RCipes ebihilpulc of na, the Macau Speca 
Administrative Reigon of the Peolblipe’s Refpuc o China 
and Taiwan</td></tr><tr><td>“Company” or “Feiyu”</td><td> Feiyu Technology International Company Ltd., an exempted 
company incorporated in the Cayman Islands with limited 
liability on 6 March 2014</td></tr></table>

<table><tr><td>“Director(s)”</td><td> director(s) of the Company</td></tr><tr><td>“Global Offering”</td><td> the offer of 30,000,000 Shares for subscription by the public 
in Hong Kong pursuant to the Hong Kong Public Offering 
and the offer of 270,000,000 Shares for subscription by 
institutional, professional, corporate and other investors 
pursuant to the International Offering (as respectively 
defined in the Prospectus)</td></tr><tr><td>“Group” or “the Group”</td><td> the Company, its subsidiaries and the PRC Operating Entities</td></tr><tr><td>“HK$” or “Hong Kong dollars” 
 or“HKD”</td><td>Hong Kong dollars and cents respectively, the lawful 
currency of Hong Kong</td></tr><tr><td>“Hong Kong” or “HK”</td><td> the Hong Kong Special Administrative Reigon of the 
Peol’hpes ReliCpubc of ina</td></tr><tr><td>“IAS(s)”</td><td> International Accounting Standards</td></tr><tr><td>“IASB”</td><td> International Accounting Standard Board</td></tr><tr><td>“IFRS(s)”</td><td>International Financial Reporting Standards, amendments 
and interpretations issued by the IASB</td></tr><tr><td>“IP(s)”</td><td> Intellectual Property(ies)</td></tr><tr><td>“Kailuo Tianxia”</td><td>Beijing Kailuo Tianxia Technology Co., Ltd. (“北京凱羅天
下科技有限公司”), a limited liability company established 
in the PRC and an indirect wholly owned subsidiary of the 
Company</td></tr><tr><td>“Listing”</td><td> the listing of the Shares on the Main Board of the Stock 
Exchange</td></tr><tr><td>“Listing Rules”</td><td> the Rules Governing the Listing of Securities on The Stock 
Exchange of Hong Kong Limited (as amended, sulppemented 
or otherwise modified from time to time)</td></tr><tr><td>“MAUs”</td><td>monthly active users, which is the number of lpahyers wo 
logged into a particular game in the relevant calendar 
month. Under this metric, a lpayer who logged into two 
different games in the same month is counted as two MAUs. 
Similarly, a layer who lhpays te same game on two diffperent 
lipubshing lfpatorms in a month would be counted as two 
MAUs. Average MAUs for a particular period is the average 
of the MAUs in each month during that period</td></tr></table>