Ocumension Therapeutics — Capital/Financing Update 2021

Aug 13, 2021

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Ocumension Therapeutics 歐康維視生物

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 1477)

COMPLETION OF ISSUE OF UNLISTED WARRANTS UNDER SPECIFIC MANDATE

Reference is made to the announcement of Ocumension Therapeutics (the “ Company ”) dated April 14, 2021 and the circular of the Company dated May 28, 2021 (the “ Circular ”), in relation to, among other things, the issue of Warrants under the Specific Mandate. Terms used in this announcement shall have the same meanings as defined in the Circular unless otherwise stated.

COMPLETION OF THE ISSUE OF WARRANTS

The Board is pleased to announce that all conditions precedent under the Warrant Subscription Agreement have been fulfilled and the completion of the issue of Warrants took place on August 13, 2021 in accordance with the terms and conditions of the Warrant Subscription Agreement. Upon completion, the Company issued the Warrants at a nominal consideration of HK$1.00 to Alimera, conferring it rights to subscribe for an aggregate of 1,000,000 Warrant Shares at the subscription price of HK$23.88 for each Warrant Share during the period of 48 months commencing from the date of issue of the Warrants.

EFFECT ON THE SHAREHOLDING STRUCTURE

Assuming that there will be no further changes in the issued share capital of the Company prior to the exercise of the subscription rights attaching to the Warrants, upon full exercise of the subscription rights attaching to the Warrants, a total of 1,000,000 Warrant Shares will be allotted and issued, representing (i) approximately 0.1584% of the existing issued Shares as of the date of this announcement; and (ii) approximately 0.1582% of the total number of 632,205,380 Shares in issue as enlarged by the allotment and issue of the Warrant Shares. Assuming 1,000,000 Warrant Shares are issued, an aggregate amount of subscription monies of approximately HK$23.88 million will be raised.

As of the date of this announcement, the Company has a total of 631,205,380 Shares in issue. The shareholding structure of the Company (i) as of the date of this announcement; and (ii) upon the subscription of the Warrants and full exercise of the subscription rights attaching to the Warrants, are expected to be as follows (assuming there are no other changes to the issued share capital of the Company and for illustration purpose only):

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Existing ShareholdersAlimeraTotal	As of the date of thisannouncementNo. of Shares%631,205,380100%00631,205,380100%	Immediately after the exerciseof the Warrants at the initialsubscription price in fullNo. of Shares%631,205,38099.8418%1,000,0000.1582%632,205,380100%	Immediately after the exerciseof the Warrants at the initialsubscription price in fullNo. of Shares%631,205,38099.8418%1,000,0000.1582%632,205,380100%
			100%

By order of the Board Ocumension Therapeutics Dr. Lian Yong CHEN Chairman and Non-executive Director

Hong Kong, August 13, 2021

As of the date of this announcement, the Board comprises Mr. Ye LIU and Dr. Zhaopeng HU as executive Directors, Dr. Lian Yong CHEN, Dr. Wei LI, Mr. Yanling CAO and Ms. Yumeng WANG as non-executive Directors, and Mr. Ting Yuk Anthony WU, Mr. Lianming HE and Mr. Yiran HUANG as independent non-executive Directors.

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