Fosun International : JOINT ANNOUNCEMENT - THE SPIN-OFF AND SEPARATE LISTING OF SHANGHAI HENLIUS ON THE MAIN BOARD OF THE HONG KONG STOCK EXCHANGE - PARTIAL EXERCISE OF OVER-ALLOTMENT OPTION

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.

This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for any securities nor is it calculated to invite any such offer or invitation. In particular, this announcement does not constitute and is not an offer to sell or an invitation or a solicitation of any offer to buy or subscribe for any securities in Hong Kong, the United States of America or elsewhere. Securities may not be offered or sold in the United States of

America absent registration or an exemption from registration under the United States Securities Act of 1933, as amended (the ''U.S. Securities Act''). The securities described herein have not been and will not be registered under the U.S.

Securities Act. There will be no public offering of securities in the United States of America or any jurisdiction other than Hong Kong.

Not for release, publication or distribution, in whole or in part, directly or indirectly, in, into or from the United States of America or any jurisdiction where to do so would constitute a violation of the relevant laws or regulations of such jurisdiction.

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

THE SPIN-OFF AND SEPARATE LISTING OF SHANGHAI HENLIUS ON THE MAIN BOARD OF THE HONG KONG STOCK EXCHANGE

PARTIAL EXERCISE OF OVER-ALLOTMENT OPTION

Fosun Pharma refers to its announcements dated 27 September 2018, 13 December 2018, 5 July 2019, 21 August 2019, 25 August 2019, 10 September 2019, 12 September 2019, 18 September 2019 and 25 September 2019 (the ''Fosun Pharma Announcements'') and the circular to its shareholders dated 11 October 2018 (the ''Fosun Pharma Circular'') relating to the Proposed Spin-off and Listing. The Proposed Spin-off and Listing were approved by Fosun Pharma's shareholders at the 2018 First Extraordinary General Meeting held on 27 November 2018.

Fosun International refers to its announcements dated 27 September 2018, 13 December 2018, 5 July 2019, 21 August 2019, 25 August 2019, 10 September 2019, 12 September 2019, 18 September 2019 and 25 September 2019 (the ''Fosun International Announcements'') relating to, among other things, the Proposed Spin-off and Listing.

Unless the context otherwise requires, terms defined in the Fosun Pharma Announcements, the Fosun Pharma Circular and the Fosun International Announcements shall have the same meanings as those used in this announcement.

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The Over-allotment Option described in the Prospectus issued by Shanghai Henlius was partially exercised by the Joint Representatives (as defined in the Prospectus), on behalf of the International Underwriters, on 17 October 2019, in respect of an aggregate of 4,366,400 Shanghai Henlius H Shares (the ''Over-allotment Shares''), representing approximately 6.75% of the total number of the Offer Shares initially available under the Global Offering before any exercise of the Over-allotment Option.

The Over-allotment Shares will be allotted and issued by Shanghai Henlius at HK$49.60 per Shanghai Henlius H Share (exclusive of brokerage of 1%, SFC transaction levy of 0.0027% and Hong Kong Stock Exchange trading fee of 0.005%), being the Offer Price per Shanghai Henlius H Share under the Global Offering.

Immediately following the completion of the partial exercise of the Over-allotment Option, the indirect interest of Fosun International (through its shareholding interest in Fosun Pharma) and Fosun Pharma (through its wholly-owned subsidiaries) in the issued share capital of Shanghai Henlius will decrease from approximately 53.76% to approximately 53.33%.

The additional net proceeds of approximately HK$210.49 million to be received by Shanghai Henlius from the allotment and issue of the Over-allotment Shares, after deducting the underwriting commissions and other estimated expenses in connection with the partial exercise of the Over- allotment Option, will be used by Shanghai Henlius for the purposes as set out in the section headed ''Future Plans and Use of Proceeds - Use of Proceeds'' in the Prospectus.

Approval for the listing of and permission to deal in the Over-allotment Shares has already been granted by the Listing Committee of the Hong Kong Stock Exchange. Listing of and dealing in the Over-allotment Shares are expected to commence on the Main Board of the Hong Kong Stock Exchange at 9:00 a.m. on 22 October 2019.

By order of the board	By order of the board
Shanghai Fosun Pharmaceutical (Group) Co., Ltd.*	Fosun International Limited
Chen Qiyu	Guo Guangchang
Chairman	Chairman
17 October 2019

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 are Mr. Xu Xiaoliang, Mr. Wang Can, Ms. Mu Haining and Mr. Liang Jianfeng; and the independent non-executive directors are Mr. Jiang Xian, Dr. Wong Tin Yau Kelvin, Ms. Li Ling and Mr. Tang Guliang.

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 and Mr. Gong Ping; and the independent non- executive directors are Mr. Zhang Shengman, Mr. Zhang Huaqiao, Mr. David T. Zhang, Mr. Yang Chao and Dr. Lee Kai- Fu.

• For identification purposes only

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