GNI Group Ltd.

Corporate Presentation

March 28, 2019

Forward-looking Statements

This presentation contains statements concerning the current plans, expectations and strategies of GNI Group Ltd. (GNI Group). Any statements contained herein that pertain to future operating performance and that are not historic facts are forward-looking statements. Forward-looking statements may include, but are not limited to, words such as "believe," "plan," "strategy," "expect," "forecast," "possibility" and similar words that describe future operating activities, business performance, events or conditions. Forward-looking statements, whether spoken or written, are based on judgments made by the management of GNI Group, based on information that is currently available to it. As such, these forward-looking statements are subject to various risks and uncertainties, and actual business results may vary substantially from the forecasts expressed or implied in forward-looking statements. Consequently, investors are cautioned not to place undue reliance on forward-looking statements.

The information contained in this presentation does not constitute or form part of any offer for sale or subscription of or solicitation or invitation of any offer to buy or subscribe for any securities, nor shall it or any part of it form the basis of or be relied on in connection with any contract or commitment whatsoever. Any decision to invest in or acquire securities of GNI Group must be based wholly on the information contained in the preliminary offering circular issued or to be issued by GNI Group in connection with any such offer and not on the contents hereof.

This English summary translation is for your explanation purposes only. To the extent there is any discrepancy between this document and the original publicly disclosed Japanese presentation material, the Japanese presentation material will prevail.

© 2019 GNI Group Ltd. All rights reserved

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Contents

FY 2018 Review

Pipeline Developments

Mid-to-long Term Strategy

© 2019 GNI Group Ltd. All rights reserved

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FY2018 Review

Strong continued growth of Etuary® sales in China

Significant clinical milestones for F351 in both China and USA

Oncology initiative starts to bear fruit

Restructuring of Beijing Continent for potential public listing

© 2019 GNI Group Ltd. All rights reserved

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Etuary® Sales in China

Sales growth of Etuary® continued at an Y-on-Y growth rate of 69.8 % from FY2017.

Etuary® Quarterly Sales (JPY M)

890

840

650

604

508

388

285 310

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

FY2017

FY2018

China Provincial Etuary® Insurance Implementation Status

All Steps Cleared

Beijing

Guizhou

Shanghai

Jiangxi

Guangdong

Shanxi

Henan

Hainan

Shandong

Chongqing

Liaoning

Qinghai

Fujian

Yunnan

Sichuan

Hunan

Anhui

Shaanxi

Hubei

Pending

Jiangsu

Guangxi

Tianjin

Ningxia

Heilongjiang

Nei Menggu

Gansu

Jilin

Xinjiang

Zhejiang

Hebei

(As of February 2019)

© 2019 GNI Group Ltd. All rights reserved

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GNI Group Limited published this content on 28 March 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 28 March 2019 08:45:10 UTC