PegBio Co., Ltd. — Capital/Financing Update 2017

May 31, 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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(to be renamed as “CMBC Capital Holdings Limited”)

(Incorporated in Bermuda with limited liability)

(Stock Code: 1141)

COMPLETION OF SUBSCRIPTION AGREEMENT

Reference is made to the circular of the Company dated 10 April 2017 (the “Circular”) in relation to, among others, the Sale and Purchase Agreements and the Subscription Agreement. Unless the context requires otherwise, capitalised terms used herein shall bear the same meanings as defined in the Circular.

The Company is pleased to announce that the Sale and Purchase Completion and the Subscription Completion have taken place on 31 May 2017. On 31 May 2017, as part of the Subscription Completion, among other things, the Offeror has executed an undertaking in favour of the Company that it will not dispose of the 25,000,000,000 Subscription Shares for 36 months from the date of Subscription Completion without consent of the Company; and Brilliant Decent has executed an undertaking in favour of the Company that it will not dispose of the 1,950,000,000 Subscription Shares for 24 months from the date of Subscription Completion without consent of the Company.

* For identification purpose only

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Set out below is the shareholding structure of the Company (i) immediately before the Sale and Purchase Completion and the Subscription Completion; and (ii) immediately upon the Sale and Purchase Completion and the Subscription Completion:

Mr. LamMs. Ai QingCSPTOfferorBrilliant DecentSubtotal of the Offeror andparties acting in concertwith itOther ShareholdersTotal

(i) Immediately before Saleand Purchase Completion andSubscription Completion(ii) Immediately upon Saleand Purchase Completion andSubscription CompletionApproximatelyApproximatelyNumber ofShares held% of Shares inissueNumber ofShares held% of Shares inissue2,527,200,00013.42%––1,160,000,0006.16%260,000,0000.57%3,026,505,82916.07%3,026,505,8296.61%––27,527,200,00060.13%––2,850,000,0006.23%––30,377,200,00066.36%12,115,051,90064.34%12,115,051,90026.46%18,828,757,729100.0045,778,757,729100.00By Order of the BoardSkyway Securities Group LimitedLin YueheChairlady

Hong Kong, 31 May 2017

As at the date of this announcement, the Board comprises the following Directors:

Executive Directors: Independent Non-executive Directors: Ms. Lin Yuehe (Chairlady) Mr. Chan Kwan Pak Mr. Wang Haixiong (Chief Executive Officer) Mr. Siu Gee Tai Mr. Siu Siu Ling Robert

All Directors jointly and severally accept full responsibility for the accuracy of the information contained in this announcement, and confirm, having made all reasonable enquires, that to the best of their knowledge, opinions expressed in this announcement have been arrived at after due and careful consideration and there are no other facts not contained in this announcement, the omission of which would make any statement contained in this announcement misleading.

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