Life Healthcare : VOLUNTARY ANNOUNCEMENT ON STRATEGIC COOPERATION

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VOLUNTARY ANNOUNCEMENT ON STRATEGIC COOPERATION

On 11 September 2020, the Company entered into a strategic cooperation agreement (the "Agreement") with MJ Health Care Co., Ltd. ("MJ Health Care"), under which the parties agreed to have comprehensive cooperation (the "Cooperation") in the development, application and promotion of advanced medical technologies and medical products.

The scope of the Cooperation is three-fold:

1. Research and development
   MJ Health Care has access to the "China-Cambodia Deep Frontier Biotechnology Base" (中柬縱深前沿生物科技基地), which is favoured by government policies and the Belt and Road Initiative and has resources to large-scale GMP laboratories, clinical
   translational application hospitals, and the "Cambodia-China Nonhuman Primate Laboratory Animal Strategic Resource Reserve Base (柬中非人靈長類實驗動物戰略資 源儲備基地)". Leveraging on the aforesaid favorable conditions, the parties plan to carry out in-depth cooperation in the fields of gene and stem cell life science research, modern clinical medical technology research and development and innovative medicine research and development.
2. Marketing
   The parties will share their respective resources and channels and jointly carry out market promotion of genetic testing, stem cell therapy and medical services. The parties will also explore the development of an online health service platform which facilitates resource sharing among customers and access to third party medical institutions, thereby building a medical service ecosystem.

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(3) Capital operation

The parties will seek opportunities for in-depth cooperation in future, such as equity acquisitions and capital raising, with terms and conditions subject to further agreement between the parties.

The Cooperation has a term of three years from the date of the Agreement.

INFORMATION ON THE PARTIES

The Company

The Company is an investment holding company and its subsidiaries are principally engaged in healthcare products and services business, money lending business and securities trading and investment business.

MJ Health Care

MJ Health Care is a company established in the Kingdom of Cambodia and is an affiliate of Shenzhen Zongshenyin Technology Co., Ltd. (深圳縱深垠科技有限公司). MJ Health

Care is the operating agency of the Sino-Cambodian Zongshen Frontier Biotechnology Base "Stem Cell Clinical Research and Comprehensive Application Base" (中柬縱深前沿生 物科技基地 - "幹細胞臨床研究與綜合應用基地"). MJ Health Care is principally engaged

in storage and preparation of stem cell, stem cell therapy, targeted therapy, medical mask production, health training and other services.

To the best knowledge, information and belief of the Directors, after reasonable enquiries, MJ Health Care and its ultimate beneficial owners are independent of and not connected with the Company or any of its connected persons.

REASONS AND BENEFITS OF THE COOPERATION

The collaboration with MJ Health Care will give full play to the technological strength and resources of the Group in the medical and health industry. Giving full play to their respective advantages, the Cooperation will provide channels and opportunities for the Group to develop cutting-edge medical technologies and products and will also provide a venue for the Group to promote its products and services through the development of a medical service ecosystem. The Directors consider that the Cooperation is being carried out in the ordinary and usual course of business of the Group, on normal commercial terms and are in the interests of the Company and the shareholders as a whole.

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This announcement is made by the Company on a voluntary basis.

By order of the Board

Life Healthcare Group Limited

Xu Xueping

Executive Director

11 September 2020

As at the date of this announcement, the Board comprises:

Executive Directors:	Independent Non-executive Directors:
Mr. Xu Xueping (Chairman)	Mr. Liu Xinghua
Mr. Man Wai Lun	Mr. Cheng Chun Man
Mr. Yang Zhiying	Ms. Zheng Xin
Non-executive Directors:
Ms. Shan Hua
Ms. Fu Xiaoji

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