Hengan International : APPROVAL OF REGISTRATION OF SUPER SHORT-TERM COMMERCIAL PAPERS ISSUE AT THE NATIONAL ASSOCIATION OF FINANCIAL MARKET INSTITUTIONAL INVESTORS

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.

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 1044)

Websites: http://www.hengan.com

http://www.irasia.com/listco/hk/hengan

ANNOUNCEMENT

APPROVAL OF REGISTRATION OF SUPER SHORT-TERM COMMERCIAL

PAPERS AT THE NATIONAL ASSOCIATION OF

FINANCIAL MARKET INSTITUTIONAL INVESTORS

This announcement is made by Hengan International Group Company Limited (the "Company") pursuant to Rule 13.09(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Inside Information Provisions (as defined in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

The board of directors of the Company (the "Board") is pleased to announce that the Company has received the application approval notice (reference number: zhong shi xie zhu [2019] SCP 497) in relation to the proposed issue (the "SCP Issue") of super short-term commercial papers (the "SCP") in an aggregate amount of not more than RMB3 billion from the National Association of Financial Market Institutional Investors (the "Association") following the submission of an application to the Association in October 2019 and has been informed that the SCP Issue is duly registered at the Association with a validity period of two years from the date of the said approval notice during which the Company may issue the SCP in tranches. The proposed principal amount of the first tranche of the SCP is expected to be around RMB1 billion (subject to final determination by the Company nearer the time of the issuance). The final offering circular in respect of the SCP Issue and other disclosure documents will be published on the websites of the Association (http://zhuce.nafmii.org.cn), China Money (www.chinamoney.com.cn) and Shanghai Clearing House (www.shclearing. com) upon issue.

The Company will make further announcement(s) in relation to the SCP Issue as and when appropriate.

• For identification purpose only

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The Company would like to emphasize that even though the Company has received approval for the SCP Issue, the SCP Issue may or may not proceed. Therefore, shareholders and potential investors of the Company are advised to exercise caution when dealing in the securities of the Company.

By order of the Board

Sze Man Bok

Chairman

Hong Kong, 26 December 2019

As at the date of this announcement, the Board comprises Mr. Sze Man Bok, Mr. Hui Lin Chit, Mr. Hung Ching Shan, Mr. Xu Shui Shen, Mr. Xu Da Zuo, Mr. Xu Chun Man, Mr. Sze Wong Kim, Mr. Hui Ching Chi and Mr. Li Wai Leung as executive directors, and Mr. Chan Henry, Mr. Theil Paul Marin, Ms. Ada Ying Kay Wong, Mr. Ho Kwai Ching, Mark and Mr. Zhou Fang Sheng as independent non-executive directors.

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