Fosun International : JOINT ANNOUNCEMENT - DISCLOSEABLE TRANSACTION - PROGRESS ON ACQUISITION OF THE CONTROLLING INTEREST IN GLAND PHARMA LIMITED

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上 海 復 星 醫 藥（ 集 團 ）股 份 有 限 公 司

Shanghai Fosun Pharmaceutical (Group) Co., Ltd.*

(a joint stock limited company incorporated in the People's Republic of China with limited liability)

(Stock Code: 02196)

JOINT ANNOUNCEMENT

DISCLOSEABLE TRANSACTION - PROGRESS ON ACQUISITION OF THE CONTROLLING INTEREST IN GLAND PHARMA LIMITED

Reference is made to the joint announcement dated 28 July 2016 of Shanghai Fosun Pharmaceutical (Group) Co., Ltd. (''Fosun Pharma'') and Fosun International Limited (''Fosun International''), the controlling shareholder of Fosun Pharma, the announcements of Fosun Pharma dated 4 August 2016 and 30 March 2017 and the circular of Fosun Pharma dated 11 August 2016 (the ''Circular'') and the poll results announcement of Fosun Pharma dated 29 September 2016 in connection with, among other things, acquiring approximately 86.08% equity interest in Gland Pharma Limited. Unless otherwise specified, capitalized terms used herein shall have the same meaning ascribed to them in the Circular.

PROGRESS ON THE ACQUISITION

Under the Share Purchase Agreement, in the event that not all of the conditions precedent to the SPA Closing have been fulfilled upon the Termination Date, parties to the Share Purchase Agreement shall have the right to terminate the Share Purchase Agreement. However, in the event that all the conditions precedent, other than the approval by the competent antitrust authorities of India, competent foreign investment authorities of India and the competent antitrust authorities of the United States and the NDRC in relation to foreign investment, have been fulfilled, then the Termination Date shall be extended to 27 April 2017.

As at the date of this announcement, the relevant approvals of competent authorities of the PRC in relation to the Acquisition have been obtained, and filings with the competent antitrust authorities of the United States and India have been completed. In addition, the Acquisition was reviewed by the Indian Foreign Investment Promotion Board (''FIPB'') and will be recommended to the Cabinet Committee on Economic Affairs of India for further review and approval. Accordingly, the Termination Date was automatically extended to 27 April 2017 in accordance with the Share Purchase Agreement.

For the purpose of moving forward with the Acquisition, on 24 April 2017, Fosun Pharma, the Buyer, KKR, the Founder Shareholders and the Target Company entered into the Amendment No. 1 to the Share Purchase Agreement (the ''Amendment No. 1''), pursuant to which the parties agreed to further extend Termination Date to 27 July 2017. Except for the extension of the Termination Date provided in the Amendment No.1, all terms of the Share Purchase Agreement shall remain in full force and effect without amendment, modification or supplement. The Amendment No. 1 shall form an integral part of the Share Purchase Agreement.

Shareholders and potential investors of Fosun Pharma and Fosun International should note that pending the obtaining of approval from FIPB, the Acquisition may or may not proceed. Shareholders and potential investors of Fosun Pharma and Fosun International are reminded to exercise caution when dealing in the securities of each of Fosun Pharma and Fosun International.

By order of the Board

Shanghai Fosun Pharmaceutical (Group) Co., Ltd.* Chen Qiyu

Chairman

By order of the board

Fosun International Limited Guo Guangchang

Chairman

24 April 2017

As at the date of this announcement, the executive directors of Fosun Pharma are Mr. Chen Qiyu, Mr. Yao Fang and Mr. Wu Yifang; the non-executive directors of Fosun Pharma are Mr. Guo Guangchang, Mr. Wang Qunbin, Ms. Kang Lan and Mr. Wang Can; and the independent non-executive directors of Fosun Pharma are Mr. Cao Huimin, Mr. Jiang Xian, Dr. Wong Tin Yau Kelvin and Mr. Wai Shiu Kwan Danny.

As at the date of this announcement, the executive directors of Fosun International are Mr. Guo Guangchang, Mr. Wang Qunbin, Mr. Chen Qiyu, Mr. Xu Xiaoliang, Mr. Qin Xuetang, Mr. Wang Can, Ms. Kang Lan and Mr. Gong Ping; and the independent non-executive directors of Fosun International are Mr. Zhang Shengman, Mr. Zhang Huaqiao, Mr. David T. Zhang, Mr. Yang Chao and Dr. Lee Kai-Fu.

* for identification purposes only