PegBio Co., Ltd. — Capital/Financing Update 2014

Jan 28, 2014

THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

If you are in any doubt as to any aspect of this circular or as to the action to be taken, you should consult your stockbroker or other registered dealer in securities, bank manager, solicitor, professional accountant or other professional adviser.

If you have sold or transferred all your warrants or shares in Poly Capital Holdings Limited, you should at once hand this circular to the purchaser or the transferee, or to the stockbroker, other registered dealer in securities, the bank or other agent through whom the sale or transfer was effected for transmission to the purchaser or the transferee.

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this circular, 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 circular.

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POLY CAPITAL HOLDINGS LIMITED 保興資本控股有限公司[*]

(Incorporated in Bermuda with limited liability)

(Stock Code: 1141)

Executive Directors:

Mr. Suen Cho Hung, Paul (Chairman) Mr. Sue Ka Lok (Chief Executive Officer) Ms. Lee Chun Yeung, Catherine

Independent Non-executive Directors: Mr. Wong Kwok Tai Mr. Weng Yixiang Mr. Huang Zhencheng

Registered Office: Clarendon House 2 Church Street Hamilton HM 11 Bermuda

Head Office and Principal Place of Business in Hong Kong: Suite 1501, 15th Floor Great Eagle Centre 23 Harbour Road Wanchai Hong Kong

29 January 2014

To the holders of warrants of the Company and, for information only, the shareholders of the Company

Dear Sir or Madam,

EXPIRY OF WARRANTS

(Warrant Code: 649)

The Board of Directors (the “ Board ”) of Poly Capital Holdings Limited (the “ Company ”) would like to remind holders of the existing outstanding warrants of the Company (warrant code: 649) (the “ Warrant(s) ”) that in accordance with the terms and conditions of the instrument constituting the Warrants dated 1 March 2012 (the “ Instrument ”), the subscription rights attaching to the Warrants will expire after close of business on Friday, 7 March 2014 . Any subscription rights attaching to the Warrants which have not been exercised by such time will lapse and the Warrant certificates will cease to be valid for any purpose.

• For identification purpose only

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According to the Instrument, each unit of Warrant entitles the holder thereof to subscribe in cash for one ordinary share of HK$0.10 each in the share capital of the Company (the “ Share ”) at the subscription price of HK$0.10 per Share (subject to adjustment) from the date of issue thereof until close of business on Friday, 7 March 2014 .

In respect of the expiry of the Warrants, the Company has made the following arrangements regarding dealings in, transfers of and exercise of the subscription rights attaching to the Warrants:

1. The last trading day of the Warrants on The Stock Exchange of Hong Kong Limited (the “ Stock Exchange ”) will be Tuesday, 4 March 2014 and trading of the Warrants on the Stock Exchange will cease after 4:00 p.m. on Tuesday, 4 March 2014 . The listing of the Warrants will be withdrawn from the Stock Exchange after 4:00 p.m. on Friday, 7 March 2014 , and application has been made to the Stock Exchange for the withdrawal of listing of the Warrants with effect from 4:00 p.m. on Friday, 7 March 2014 .

2. Registered holders of the Warrants who wish to exercise the subscription rights attaching to the Warrants must lodge with the branch share registrar of the Company in Hong Kong, Tricor Tengis Limited (the “ Registrar ”) at 26th Floor, Tesbury Centre, 28 Queen’s Road East, Wanchai, Hong Kong, the following by not later than 4:30 p.m. on Friday, 7 March 2014 :

   • (a) the relevant certificate(s) of the Warrants; (b) the duly completed and signed subscription form(s); and (c) remittances for the relevant subscription moneys.

3. Holders of the Warrants who have not registered their holdings in such Warrants in their own names and wish to exercise the subscription rights attaching thereto must lodge with the Registrar at the abovementioned address the following by not later than 4:30 p.m. on Friday, 7 March 2014 :

   • (a) the relevant duly executed and stamped instrument(s) of transfer and/or other document(s) of title;

   • (b) the relevant certificate(s) of the Warrants;

   • (c) the duly completed and signed subscription form(s); and

   • (d) remittances for the relevant subscription moneys.

Subscription forms and the relevant accompanying documentation lodged with the Registrar later than 4:30 p.m. on Friday, 7 March 2014 will not be regarded as valid and will not be accepted. Under the terms of the Instrument, new Shares will be allotted and issued not later than 21 days after the date of exercise of the subscription rights (the “ Subscription Date ”) attaching to the Warrants. Shares to be issued pursuant to the exercise of the subscription rights attaching to the Warrants will, when issued, rank pari passu in all respects with the then existing fully paid issued Shares on the relevant Subscription Date.

The closing prices of the Shares and the Warrants as quoted on the Stock Exchange on 24 January 2014 (being the latest practicable date prior to the printing of this circular) are HK$0.142 per Share and HK$0.029 per unit of Warrant respectively.

Holders of the Warrants who are in doubt as to their position or as to the actions to be taken should consult their stockbroker or other registered dealer in securities, bank manager, solicitor, professional accountant or other professional adviser.

Yours faithfully, By Order of the Board Suen Cho Hung, Paul Chairman

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