Poly Culture : ANNOUNCEMENT DELAY IN DESPATCH OF CIRCULAR

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(A joint stock limited company incorporated in the People's Republic of China with limited liability)

(Stock Code: 3636)

ANNOUNCEMENT

DELAY IN DESPATCH OF CIRCULAR

Reference is made to the announcement of Poly Culture Group Corporation Limited (the "Company") dated 21 October 2019, containing, among others, the New Cinema Box Office Income Sharing Framework Agreement and the proposed annual caps thereunder, and the proposed annual caps under the Property Lease Framework Agreement (the "Announcement"). Unless the context otherwise requires, capitalized terms used in this announcement shall have the same meaning as defined in the Announcement.

As disclosed in the Announcement, a circular containing, among others, the New Cinema Box Office Income Sharing Framework Agreement and the proposed annual caps thereunder, and the proposed annual caps under the Property Lease Framework Agreement (the "Circular") is expected to be despatched to the shareholders within 15 business days after the publication of the Announcement. As additional time is required for the Company to prepare and finalise the related information to be included in the Circular, it is expected by the Company that the despatch date of the Circular will be postponed to a date falling on or before 29 November 2019.

On Behalf of the Board

Poly Culture Group Corporation Limited

Xu Niansha

Chairman

Beijing, the PRC, 8 November 2019

As of the date of this announcement, the executive directors of the Company are Mr. Xu Niansha, Mr. Zhang Xi, Mr. Jiang Yingchun and Mr. Li Weiqiang, the non-executive directors of the Company are Mr. Huang Geming and Mr. Wang Keling, and the independent non-executive directors of the Company are Mr. Li Boqian, Ms. Li Xiaohui and Mr. Yip Wai Ming.