3SBio Inc. — Capital/Financing Update 2017

Jan 4, 2017

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited 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.

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LIPPO LIMITED

力 寶 有 限 公 司

(Incorporated in Hong Kong with limited liability)

(Stock Code: 226)

HONGKONG CHINESE LIMITED 香 港 華 人 有 限 公 司 *

(Incorporated in Bermuda with limited liability) (Stock Code: 655)

JOINT ANNOUNCEMENT

AMENDMENT TO PREVIOUS TRANSACTIONS

Reference is made to the joint announcements issued by Lippo and HKC dated 28 August 2015 and 30 November 2015 (the " Previous Announcements "). Unless otherwise defined herein, capitalized terms used in this announcement shall have the same meaning as defined in the Previous Announcements. This announcement is made pursuant to Rule 14.36 of the Listing Rules.

AMENDMENTS TO THE TERMS OF THE NEW LOAN, THE SECOND INTERIM LOAN AND THE INTERIM LOAN

The respective boards of directors of Lippo and HKC announce that on the date of this announcement, Polar Step Limited (" PSL "), as lender to the New Loan, the Second Interim Loan and the Interim Loan (the " Amended Transactions ") after PLH had assigned all of PLH’s rights, interests, benefits and title in each of the Amended Transactions to it, together with other lenders, entered into amended and restated loan agreements with the LAAPL Subsidiary (the " Amended New Loan Agreements "). Pursuant to the Amended New Loan Agreements, PSL, among others, and the LAAPL Subsidiary agreed to, among other things, amend certain terms of the Amended Transactions in order that, with effect from the date of this announcement: (1) the interest rate of each of the Amended Transactions will be amended from 6.5% per annum to 2.25% per annum going forward, and (2) the repayment date with respect to the New Loan will be amended from 19 October 2017 to repayable on demand.

The change of interest rate and repayment term set out above reflects the prevailing commercial terms currently available in the lending market. The relevant terms for similar loans due to all shareholders of the LAAPL Group will be aligned, including the Amended Transactions advanced by the HKC Group to the LAAPL Group, which form part of such shareholders’ loans. As a result of such amendments, the HKC Group’s indirect share of finance costs incurred by the LAAPL Group will be reduced and offset by the reduced income received from the Amended Transactions. The change of interest rate and repayment term set out above is not expected to have overall material financial impact to either the Lippo Group or the HKC Group. The Lippo Directors and HKC Directors believe that the terms of the Amended New Loan Agreements are fair and reasonable and in the interests of the shareholders of Lippo and HKC as a whole.

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PSL is a company incorporated in the British Virgin Islands with limited liability. Both PLH and PSL are indirect wholly-owned subsidiaries of HKC, which in turn is an approximate 65.84% indirect subsidiary of Lippo.

By Order of the Board By Order of the Board LIPPO LIMITED HONGKONG CHINESE LIMITED Davy Lee Andrew Hau Secretary Secretary

Hong Kong, 4 January 2017

As at the date of this announcement, the board composition of each of Lippo and HKC is as follows:

Lippo

Executive Directors: Dr. Stephen Riady (Chairman) Mr. John Luen Wai Lee ( Managing Director and Chief Executive Officer)

HKC

Executive Directors: Dr. Stephen Riady (Chairman) Mr. John Luen Wai Lee ( Chief Executive Officer)

Non-executive Directors: Mr. Jark Pui Lee

Non-executive Director: Mr. Leon Nim Leung Chan

Mr. Leon Nim Leung Chan

Independent Non-executive Directors: Mr. Edwin Neo Mr. Victor Ha Kuk Yung Mr. King Fai Tsui

Independent Non-executive Directors:

Mr. Albert Saychuan Cheok Mr. Victor Ha Kuk Yung Mr. King Fai Tsui

* For identification purpose only

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