Everest Medicines : VOLUNTARY ANNOUNCEMENT-SELECTION AS A CONSTITUENT OF CERTAIN INDEXES OF HANG SENG INDEXES COMPANY LIMITED

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.

Everest Medicines Limited ථ௟อᘴϞࠢʮ̡

(incorporated in the Cayman Islands with limited liability)

(Stock Code: 1952)

VOLUNTARY ANNOUNCEMENT

SELECTION AS A CONSTITUENT OF CERTAIN INDEXES OF

HANG SENG INDEXES COMPANY LIMITED

This announcement is made by Everest Medicines Limited (the "Company") on a voluntary basis to inform the shareholders and potential investors of the Company about the latest business update.

The board of directors of the Company (the "Board") is pleased to announce that the Company has been selected as a constituent stock of the following index series by the Hang Seng Indexes Company Limited, with effect from March 15, 2021:

• 1. Hang Seng Composite Index;

• 2. Hang Seng Healthcare Index; and

• 3. Hang Seng Hong Kong-Listed Biotech Index

The Hang Seng Composite Index offers a comprehensive Hong Kong market benchmark that covers about the top 95th percentile of the total market capitalisation of companies listed on the Main Board of The Stock Exchange of Hong Kong Limited (the "Stock Exchange"). The Hang Seng Healthcare Index aims to reflect the overall performance of stocks listed in Hong Kong that are related to healthcare businesses. The Hang Seng Hong Kong-Listed Biotech Index reflects the overall performance of the biotech companies that are listed in Hong Kong, including stocks listed on the Stock Exchange through Chapter 18A of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

Being selected as a constituent stock of the above Hang Seng Indexes fulfills the eligibility criteria for Southbound Trading under the Stock Connect scheme, which is a channel that facilitates stock trading and investment between Hong Kong and a broader base of China investors.

The Board would like to thank its shareholders and investors for their continued support of the Company. The Company endeavors to make use of its competitive advantage to grow its business and to create value for its stakeholders.

By Order of the Board Everest Medicines Limited

Wei Fu

Chairman and Executive Director

Hong Kong, March 1, 2021

As at the date of this announcement, the board of directors of the Company comprises Mr. Wei Fu as Chairman and Executive Director, Dr. Kerry Levan Blanchard, Mr. Ian Ying Woo and Mr. Xiaofan Zhang as Executive Directors, Mr. Yubo Gong and Ms. Lan Kang as Non-executive Directors, and Mr. Bo Tan, Mr. Yifan Li and Mr. Shidong Jiang as Independent Non-executive Directors.