This paper applies the exp-function method, which was originally proposed to find new exact travelling wave solutions of nonlinear evolution equations, to the Riccati equation, and some exact solutions of this equation are obtained. Based on the Riccati equation and its exact solutions, we find new and more general variable separation solutions with two arbitrary functions of (1+1)-dimensional coupled integrable dispersionless system. As some special examples, some new solutions can degenerate into variable separation solutions reported in open literatures. By choosing suitably two independent variables p(x) and q(t) in our solutions, the annihilation phenomena of the flat-basin soliton, arch-basin soliton, and flat-top soliton are discussed.