Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited (the “Stock Exchange”) 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.

Non-collateralised Structured Products

Notice of Valuation of Residual Value of European Style Cash Settled Category R Callable Bull/Bear Contracts as described below (the “CBBCs”)

Issued by

SG Issuer (Incorporated in Luxembourg with limited liability)

and unconditionally and irrevocably guaranteed by Société Générale (incorporated in France) Liquidity Provider SG Securities (HK) Limited Announcement

SG Issuer ( the “Issuer”) gives notice that under the terms and conditions of the CBBCs (the “Conditions”), following the occurrence of the Mandatory Call Event (the “MCE”) in respect of the CBBCs described in the table below in the pre-opening session or the continuous trading session or the closing auction session (as the case may be) of the Stock Exchange at the time (the “MCE Time”) and on the date (the “MCE Date”) specified in the table below, the Residual Value in respect of the CBBCs has been determined as follows:

Maximum / Residual Residual Stock Issue Size Number of CBBCs per Board Strike Type MCE MCE Date Underlying Entitlement Minimum Value per Value per Code (CBBCs) Entitlement Lot Price Time Trade Price CBBC Board Lot Hong Kong 61573 Bear 09:21:13 18-Feb-2021 Exchanges and 200,000,000 500 1 Share 5,000 HK$542.00 HK$576.50 HK$0.00 HK$0.00 Clearing Limited

61608 Bear 09:21:13 18-Feb-2021 200,000,000 500 1 Share 5,000 HK$443.00 HK$460.00 HK$0.00 HK$0.00

53638 Bear 09:21:13 18-Feb-2021 JD.com, Inc. 120,000,000 500 1 Share 2,500 HK$423.50 HK$422.80 HK$0.001400 HK$3.50

Tencent Holdings 61638 Bear 09:30:47 18-Feb-2021 400,000,000 500 1 Share 5,000 HK$773.00 HK$775.50 HK$0.00 HK$0.00 Limited

52208 Bear 09:31:15 18-Feb-2021 Sands China Ltd. 100,000,000 100 1 Share 4,000 HK$37.70 HK$37.00 HK$0.007000 HK$28.00

Tencent Holdings 60381 Bear 09:31:54 18-Feb-2021 80,000,000 100 1 Share 10,000 HK$778.00 HK$775.50 HK$0.025000 HK$250.00 Limited Technology 53166 Bear 09:32:44 18-Feb-2021 (Group) 200,000,000 500 1 Share 5,000 HK$244.00 HK$241.80 HK$0.004400 HK$22.00 Company Limited

59195 Bear 09:33:24 18-Feb-2021 Meituan 200,000,000 500 1 Share 5,000 HK$463.00 HK$460.00 HK$0.006000 HK$30.00

BYD Company 61525 Bull 09:37:19 18-Feb-2021 150,000,000 500 1 Share 25,000 HK$259.00 HK$253.80 HK$0.00 HK$0.00 Limited

Alibaba Group 60333 Bull 09:38:44 18-Feb-2021 80,000,000 100 1 Share 10,000 HK$259.80 HK$260.00 HK$0.002000 HK$20.00 Holding Limited

61823 Bull 09:42:40 18-Feb-2021 Meituan 80,000,000 100 1 Share 10,000 HK$441.80 HK$426.20 HK$0.00 HK$0.00

BYD Company 60350 Bull 09:51:51 18-Feb-2021 150,000,000 500 1 Share 25,000 HK$257.00 HK$253.80 HK$0.00 HK$0.00 Limited

BYD Company 53818 Bull 10:07:51 18-Feb-2021 150,000,000 500 1 Share 25,000 HK$255.00 HK$253.80 HK$0.00 HK$0.00 Limited

China Mobile 68097 Bear 10:17:12 18-Feb-2021 100,000,000 100 1 Share 5,000 HK$53.00 HK$52.35 HK$0.006500 HK$32.50 Limited Great Wall Motor 60369 Bull 10:25:52 18-Feb-2021 Company 100,000,000 50 1 Share 2,500 HK$26.75 HK$26.45 HK$0.00 HK$0.00 Limited 53753 Bull 10:27:39 18-Feb-2021 Automobile 150,000,000 50 1 Share 5,000 HK$28.95 HK$29.20 HK$0.005000 HK$25.00 Holdings Limited BYD Company 60357 Bull 10:29:17 18-Feb-2021 150,000,000 500 1 Share 25,000 HK$253.00 HK$253.80 HK$0.001600 HK$40.00 Limited Semiconductor 67357 Bear 10:51:19 18-Feb-2021 120,000,000 50 1 Share 2,500 HK$28.90 HK$28.80 HK$0.002000 HK$5.00 International Corporation Great Wall Motor 61557 Bull 11:30:44 18-Feb-2021 Company 100,000,000 50 1 Share 2,500 HK$26.00 HK$26.45 HK$0.009000 HK$22.50 Limited

61822 Bull 11:31:12 18-Feb-2021 Meituan 80,000,000 100 1 Share 10,000 HK$432.00 HK$426.20 HK$0.00 HK$0.00

Tencent Holdings 61633 Bull 11:31:30 18-Feb-2021 80,000,000 100 1 Share 10,000 HK$757.00 HK$745.00 HK$0.00 HK$0.00 Limited

Tencent Holdings 61657 Bull 11:39:46 18-Feb-2021 400,000,000 500 1 Share 5,000 HK$755.00 HK$745.00 HK$0.00 HK$0.00 Limited

For Bull CBBCs, the Residual Value per Board Lot is determined by the Issuer by reference to the following formula:

Entitlement x (Minimum Trade Price - Strike Price) x one Board Lot Number of CBBCs per Entitlement

For Bear CBBCs, the Residual Value per Board Lot is determined by the Issuer by reference to the following formula:

Entitlement x (Strike Price - Maximum Trade Price) x one Board Lot Number of CBBCs per Entitlement

Subject to Settlement Disruption Event, all eligible CBBCs holders will receive the Residual Value (if any) no later than 23 February 2021, being the third CCASS Settlement Day following the end of the MCE Valuation Period.

Capitalised terms not defined in this announcement have the meaning given to them in the Conditions.

Hong Kong, 18 February 2021