Fosun International : CONNECTED TRANSACTION - ISSUE OF NEW SHARES UNDER THE SHARE AWARD SCHEME

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This announcement appears for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for the securities of the Company.

CONNECTED TRANSACTION ISSUE OF NEW SHARES UNDER THE SHARE AWARD SCHEME

On 4 May 2017, the Board resolved to award an aggregate of 5,275,000 Award Shares to 65 Selected Participants by way of issue and allotment of new Shares pursuant to the Specific Mandate.

As at the date of this announcement, the Trust is an employees' share scheme of the Company, and the aggregate of the Company's connected persons' interest in such scheme is approximately 46.39%. As such, pursuant to Rule 14A.12(1)(b) of the Listing Rules, the Trustee (in its capacity as trustee of the Trust) is an associate of connected persons of the Company and the issue of the New Award Shares to the Trustee shall constitute a connected transaction of the Company under Chapter 14A of the Listing Rules and shall be subject to, among others, the approval by the independent shareholders excluding the Trustee, the Selected Participants under 2017 Award and their respective associates at the EGM.

Reference is made to the announcements of Fosun International Limited (the "Company") dated 25 March 2015, 26 March 2015 and 1 April 2016 respectively, in relation to the adoption of the Share Award Scheme, allotment of an aggregate of 4,620,000 Award Shares to 71 Selected Participants under the Share Award Scheme ("2015 Award") and allotment of an aggregate of 5,410,000 Award Shares to 69 Selected Participants under the Share Award Scheme ("2016 Award") (collectively, the "Announcements"). Unless otherwise defined in this announcement, capitalized terms used herein shall have the same meanings as defined in the Announcements.

DETAILS OF THE AWARD OF THE AWARD SHARES

On 4 May 2017, the board of Directors of the Company (the "Board") has resolved to award an aggregate of 5,275,000 Award Shares to 65 Selected Participants under the Share Award Scheme ("2017 Award"). The award of Award Shares under the 2017 Award will be settled by way of: (i) issue and allotment of 4,605,200 new Shares (the "New Award Shares") pursuant to a specific mandate (the "Specific Mandate") to be obtained in the forthcoming extraordinary general meeting (the "EGM"); and (ii) 669,800 Award Shares which had lapsed before vesting under the 2015 Award and 2016 Award (the "Existing Award Shares").

Upon issuance and allotment of the New Award Shares, the Trustee will hold the New Award Shares on trust for the Selected Participants and such New Award Shares, together with the Existing Award Shares, shall be transferred to the Selected Participants upon satisfaction of their respective vesting conditions. The number of Award Shares granted to each of the Selected Participants under the 2017 Award was determined in accordance with their respective contributions to the Group.

Under the 2017 Award, out of the 5,275,000 Award Shares granted to the 65 Selected Participants, 2,185,000 Award Shares were granted to the following connected persons of the Company with details as follows:

Directors	Number of Award Shares
Chen Qiyu	375,000
Xu Xiaoliang	375,000
Qin Xuetang	325,000
Wang Can	190,000
Kang Lan	190,000
Gong Ping	190,000
Zhang Shengman	35,000
Zhang Huaqiao	35,000
David T. Zhang	35,000
Yang Chao	35,000
Lee Kai-Fu	35,000
Subtotal	1,820,000

Directors of significant subsidiaries of the Company	Number of Award Shares
Qian Jiannong	190,000
Wang Jiping	85,000
Li Jun	45,000
Xu Lingjiang	45,000
Subtotal	365,000
Total	2,185,000

Mr. Chen Qiyu, Mr. Xu Xiaoliang, Mr. Qin Xuetang, Mr. Wang Can, Ms. Kang Lan, Mr. Gong Ping, Mr. Zhang Shengman, Mr. Zhang Huaqiao, Mr. David T. Zhang, Mr. Yang Chao and Dr. Lee Kai-Fu have abstained from approving the relevant board resolution on the award of the Award Shares to them under the 2017 Award.

The aggregate of 4,605,200 New Award Shares to be issued and allotted by the Company to the Selected Participants under the 2017 Award represent approximately 0.05368% of the total number of Shares in issue as at the date of this announcement and approximately 0.05365% of the total number of Shares in issue as enlarged by the issue and allotment of the New Award Shares.

Based on the closing price of HK$11.68 per Share as quoted on the Stock Exchange as at the date of this announcement, the market value of the 5,275,000 Award Shares awarded under the 2017 Award will be HK$61,612,000.

The New Award Shares, when issued and fully paid, shall rank pari passu among themselves and with those Shares in issue, with the right to receive all dividends and other distributions declared, made or paid on or after the date of allotment.

Application shall be made by the Company to the Stock Exchange for the granting of the listing of, and permission to deal in, the aggregate 4,605,200 New Award Shares. For the avoidance of doubt, the Stock Exchange has granted approval for the listing of, and permission to deal in, the Existing Award Shares.

CONDITIONS

The grant of the Award Shares to the Selected Participants under the 2017 Award shall be subject to the following conditions:

1. the grant of the listing approval by the Stock Exchange in respect of the New Award Shares; and

2. the approval by the independent shareholders at the EGM in respect of the issue and allotment of the New Award Shares and the Specific Mandate.

FURTHER DETAILS OF THE AWARD SHARES

The information in relation to the award of the 5,275,000 Award Shares to the Selected Participants under the 2017 Award is set out below:

Securities to be newly issued:	4,605,200 New Award Shares
Funds to be raised:	No funds will be raised by the Company as a result of the issue and allotment of the New Award Shares
Identity of the allottee(s):	The Trustee, which will hold the Award Shares awarded under the 2017 Award in trust in accordance with the trust deed for the 65 Selected Participants under the 2017 Award, who are (i) Directors; (ii) the Group's business and functional department heads and backbone employees; (iii) outstanding young talents; and (iv) senior management of the Group's core affiliated enterprises
In general, such Selected Participants should have been with the Group for more than one year as at 31 December 2016 and each of them should have met their respective performance evaluation results for the year ended 31 December 2016
Market price of the Shares:	The closing price of the Shares on 4 May 2017 as quoted on the Stock Exchange is HK$11.68 per Share
The average closing price of the Shares for the five consecutive trading days immediately preceding 4 May 2017 as quoted on the Stock Exchange is HK$11.75 per Share