Haichang Ocean Park : VOLUNTARY ANNOUNCEMENT INCREASE IN SHAREHOLDING BY DIRECTOR

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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

INCREASE IN SHAREHOLDING BY DIRECTOR

This announcement is made by Haichang Ocean Park Holdings Ltd. (The "Company") on a voluntary basis.

The board of directors (the "Board") of the Company was informed that on 23 October 2019, Mr. Qu Cheng ("Mr. Qu"), an executive director and a substantial shareholder of the Company, acquired a total of 1,000,000 shares of the Company in the open market, representing approximately 0.025% of the entire issued share capital of the Company as at the date of this announcement, at an average price of approximately HK$0.8847 per share.

Immediately after the aforesaid acquisition, Mr. Qu holds 1,697,653,587 shares of the Company, representing approximately 42.44% of the total issued share capital of the Company as at the date of this announcement.

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, 24 October 2019

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 and Ms. Zhang Meng.