COFCO Joycome Foods : VOLUNTARY ANNOUNCEMENT OPERATION BRIEFINGS FOR APRIL 2021

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(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 01610)

VOLUNTARY ANNOUNCEMENT

OPERATION BRIEFINGS FOR APRIL 2021

This voluntary announcement is made by COFCO Joycome Foods Limited (the "Company").

The board of directors (the "Board") of the Company hereby announces that the key operating data (unaudited) for the month ended April 30, 2021 ("April 2021") and previously disclosed in this year of the Company and its subsidiaries are as follows:

		Hog production volume			Average price for			Fresh pork sales			Branded fresh
		(unit: ' 000 heads)
								pork revenue as %
				finishing hogs			volume
												of total fresh pork
		Current			Current year
						(unit: RMB/kg)			(unit: ' 000 tons)
							revenue1
		period volume			cumulative volume
January 2021	322		322		32.98		11.8		35.6%
February 2021	202		524		27.33		7.7		37.0%
March 2021	278		802		26.93		10.0		33.1%
April 2021	319		1,121		23.74		10.5		33.1%

1 "Branded fresh pork revenue as % of total fresh pork revenue" means the revenue of branded fresh pork business divided by the revenue of fresh pork business.

1

Calculated according to the "average hog price for 22 provinces and cities nationwide" on wind, the historical trend of the industry monthly average hog price is shown in the chart below:

Price: RMB/kg

Date

Source: wind

Please note that all figures above are unaudited and have not been confirmed by the Company's auditors and may be subject to adjustment and final confirmation. 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

COFCO Joycome Foods Limited

Jiang Guojin

Chairman and executive director

Beijing, PRC, May 10, 2021

As at the date of this announcement, the Board comprises Mr. Jiang Guojin as the chairman of the Board and the executive director, Mr. Xu Jianong as the executive director, Ms. Yang Hong, Dr. Cui Guiyong and Mr. Zhou Qi as non-executive directors, and Mr. Fu Tingmei, Mr. Li Michael Hankin and Dr. Ju Jiandong as independent non-executive directors.

2