Haichang Ocean Park : VOLUNTARY ANNOUNCEMENT STATEMENT IN RELATION TO THE INFLUENCE OF NOVEL CORONAVIRUS PNEUMONIA EPIDEMIC ON BUSINESS

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HAICHANG OCEAN PARK HOLDINGS LTD.

海昌海洋公園控股有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 2255)

VOLUNTARY ANNOUNCEMENT

STATEMENT IN RELATION TO THE INFLUENCE OF NOVEL CORONAVIRUS PNEUMONIA EPIDEMIC ON BUSINESS

This announcement is made by Haichang Ocean Park Holdings Ltd. (the "Company", together with the subsidiaries, the "Group") on a voluntary basis, for the purpose of keeping the shareholders and potential investors of the Company informed of the latest business development of the Group.

Since the outbreak of the novel coronavirus pneumonia epidemic (the "Epidemic"), a number of provinces and municipalities in China have activated level I - the highest-level response to major public health emergencies and adopted various strict measures to curb the spread of the Epidemic. As part of our efforts to facilitate the prevention and containment of the Epidemic and ensure the health and safety of our employees and customers, the board of directors of the Company (the "Board") has determined to suspend all projects of the Company (including self-operated projects in the asset-light sector) since 24 January 2020, which shall be resumed according to the results of the prevention and containment of the Epidemic and requirements of the government.

The Company has initiated the corporate prevention and containment contingency plan against the Epidemic by closely tracking the health status of its employees. As of the date of this announcement, no reports on confirmed cases have been received. No polar or marine animals of the Company have been affected by the Epidemic, and animal health and conservation work has been carried out normally; facilities and equipment of all parks have been in good condition. Meanwhile, the Company has actively carried out various safety protection work, and publicized Epidemic information, according to the requirements of local government departments.

The Company will pay great attention to the status of the Epidemic, and keep a close communication with local governments and financial institutions, and actively and properly carry out Epidemic prevention and containment, ensure personnel and asset safety and provide funds and operation support.

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

By Order of the Board

Haichang Ocean Park Holdings Ltd.

Wang Xuguang

Executive Director and Chief Executive Officer

Shanghai, the People's Republic of China, 2 February 2020

As at the date of this announcement, the executive directors of the Company are Mr. Wang Xuguang, Mr. Qu Cheng and Mr. Gao Jie; the non-executive directors of the Company are Mr. Qu Naijie, Mr. Li Hao and Mr. Yuan Bing; and the independent non-executive directors of the Company are Mr. Chen Guohui, Mr. Wang Jun and Ms. Zhang Meng.

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