PegBio Co., Ltd. — M&A Activity 2017

Mar 10, 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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(Incorporated in Bermuda with limited liability) (Stock Code: 1141)

APPOINTMENT OF INDEPENDENT FINANCIAL ADVISER

Reference is made to the joint announcement (the “Announcement”) issued by the Company, CMBC International Holdings Limited, the Offeror and China Huarong Overseas Investment Holdings Company Limited dated 8 March 2017 in relation to, among other things, the Sale and Purchase Agreements, the Subscription Agreement, the Distribution, the Special Dividend, the CSPT Supplemental Agreement and the possible Offers. Unless the context requires otherwise, capitalised terms used herein shall bear the same meanings as defined in the Announcement.

This announcement is made pursuant to Rule 2.1 of the Takeovers Code. The Board is pleased to announce that Optima Capital Limited has been appointed, with the approval of the Independent Board Committee, as the Independent Financial Adviser to advise the Independent Board Committee and the Independent Shareholders in respect of (i) the Subscription Agreement and transactions contemplated thereunder, the Distribution, the Special Dividend, the CSPT Disposal (as a special deal under Note 4 to Rule 25 of the Takeovers Code) and the CSPT Supplemental Agreement (as a special deal under Note 4 to Rule 25 of the Takeovers Code); and (ii) the Offers.

The advice of the Independent Financial Adviser and the recommendation of the Independent Board Committee in respect of the Subscription Agreement and transactions contemplated thereunder, the Distribution, the Special Dividend, the CSPT Disposal and the CSPT Supplemental Agreement will be included in the Circular. The advice of the Independent Financial Adviser and the recommendation of the Independent Board Committee in respect of the Offers, in particular, as to whether the Offers are, or are not, fair and reasonable and as to its acceptance, will be included in the Offer Document.

• For identification purpose only

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Optima Capital Limited is a licensed corporation under the SFO to carry out type 1 (dealing in securities), type 4 (advising on securities) and type 6 (advising on corporate finance) regulated activities.

By Order of the Board Skyway Securities Group Limited Lin Yuehe Chairlady

Hong Kong, 10 March 2017

As at the date of this announcement, the Directors are as follows:

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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