Want Want China : VOLUNTARY ANNOUNCEMENT - BUSINESS UPDATE IN RELATION TO RECENT OUTBREAK OF COVID-19 VIRUS

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(Incorporated in the Cayman Islands with limited liability)

(Stock code: 0151)

VOLUNTARY ANNOUNCEMENT

BUSINESS UPDATE IN RELATION TO

RECENT OUTBREAK OF COVID-19 VIRUS

This is a voluntary announcement made by Want Want China Holdings Limited (the "Company", together with its subsidiaries, the "Group"). The purpose of this announcement is to keep the shareholders of the Company and potential investors informed of the latest business developments of the Group in light of the recent outbreak of COVID-19 virus.

Since the virus outbreak, authorities in the Peoples' Republic of China (the "PRC") have taken emergency public health measures including extending Chinese New Year holidays, and imposing travel and other work-related restrictions.

Since 10 February 2020, a majority of the Group's manufacturing facilities and sales branches have obtained government approvals and gradually resumed operation. However, due to the suspension or limited services of transportation facilities in certain areas (including the Hubei region), the Group has not achieved its normal operation level, which would in turn affect the Group's sales in a short period of time. In view of the above, the Board expected that for the financial year ending 31 March 2020, the virus outbreak may adversely affect the Group's business operations and financial performance for the period of February (after the Chinese New Year) and March 2020, although it is too early to quantify the actual impact for the Group for the time being.

The Company will keep monitoring closely the development of the situation and will continue to assess the impact of the virus outbreak. The Group will take appropriate measures as necessary and make further announcement(s) as and when necessary.

Further, since the virus outbreak, the Company has continuously exhausted its efforts in donating food, drinks and necessary supplies relevant to the virus outbreak and sending them to different affected areas in China. The Company is always active in fulfilling its corporate social responsibility and the Board would once again like to express our utmost respect to all frontline personnel who are fighting against the virus.

Shareholders of the Company and potential investors are advised to exercise caution when dealing in the securities of the Company.

By order of the Board

Want Want China Holdings Limited

TSAI Eng-Meng

Chairman

Hong Kong, 21 February 2020

As at the date of this announcement, the executive Directors are Mr. TSAI Eng-Meng, Mr. TSAI Shao-Chung, Mr. TSAI Wang-Chia, Mr. HUANG Yung-Sung, Mr. CHU Chi-Wen, Mr. TSAI Ming-Hui and Ms. LAI Hong Yee; the non-executive Directors are Mr. LIAO Ching-Tsun, Mr.

MAKI Haruo and Mr. CHENG Wen-Hsien; and the independent non-executive Directors are Mr. TOH David Ka Hock, Dr. PEI Kerwei, Mr. HSIEH Tien-Jen, Mr. LEE Kwok Ming and Mr. PAN Chih-Chiang.

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