Hengan International : ISSUE OF THE FOURTH TRANCHE SUPER SHORT-TERM COMMERCIAL PAPERS

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

ISSUE OF THE FOURTH TRANCHE SUPER SHORT-TERM COMMERCIAL PAPERS

This announcement is made by Hengan International Group Company Limited (the "Company") pursuant to Rule 13.09(2)(a) 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)

Reference is made to the announcement of the Company dated 23 December 2016 in relation to the application by Hengan (China) Investment Co., Ltd ( 㛬τ€ʕ਷ҳ༟Ϟࠢ ʮ̡ ; "Hengan China Investment"), an indirect wholly-owned subsidiary of the Company incorporated in the People's Republic of China, for registration and proposed issue of super short-term commercial papers (the "SCP"), the announcement of the Company dated 7 April 2017 in relation to the approval of registration of the proposed issue of the SCP by the National Association of Financial Market Institutional Investors, the announcement of the Company dated 31 August 2018 in relation to the issue of the first tranche of the SCP with an issue size of RMB1 billion, the announcement of the Company dated 24 September 2018 in relation to the issue of the second tranche of the SCP with an issue size of RMB500 million and the announcement of the Company dated 31 October 2018 in relation to the issue of the third tranche of the SCP with an issue size of RMB1 billion.

The board of directors of the Company (the "Board") is pleased to announce that, as of the date of this announcement, Hengan China Investment has completed the issue of the fourth tranche of the SCP in the principal amount of RMB1 billion (the "Fourth Tranche SCP") with a coupon rate fixed at 3.99% per annum and a term of 270 days. The results of the issue of the Fourth Tranche SCP are published on the website of the Shanghai Clearing House (www.shclearing.com). The remaining SCP approved but unissued amount to RMB1.5 billion immediately after completion.

*

For identification purposes only

The proceeds from the issue of the Fourth Tranche SCP are intended to be used for supplementing the working capital of Hengan China Investment.

By order of the Board

Hengan International Group Company Limited

Sze Man Bok

Chairman

Hong Kong, 3 December 2018

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. Wang Ming Fu, Ms. Ada Ying Kay Wong, Mr. Ho Kwai Ching, Mark and Mr. Zhou Fang Sheng as independent non-executive directors.