Shanghai Haohai Biological Technology : POLL RESULTS OF EXTRAORDINARY GENERAL MEETING, A SHAREHOLDERS' CLASS MEETING AND H SHAREHOLDERS' CLASS MEETING HELD ON FEBRUARY 14, 2020

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Shanghai Haohai Biological Technology Co., Ltd.*

上海昊海生物科技股份有限公司

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

(Stock code: 6826)

POLL RESULTS OF EXTRAORDINARY GENERAL MEETING,

A SHAREHOLDERS' CLASS MEETING AND

H SHAREHOLDERS' CLASS MEETING HELD ON FEBRUARY 14, 2020

References are made to (i) the notice of 2020 first extraordinary general meeting (the "EGM") of Shanghai Haohai Biological Technology Co., Ltd.* (the "Company") dated December 30, 2019 (the "Notice of EGM"); (ii) the notice of 2020 first H shareholders' class meeting of the Company (the "H Shareholders' Class Meeting") dated December 30, 2019 (the "Notice of H Shareholders' Class Meeting"); (iii) the circular of the Company dated January 21, 2020 (the "Circular"); and (iv) the announcement of the Company dated February 10, 2020. Unless otherwise defined herein, capitalized terms used in this announcement shall have the same meanings as those defined in the Circular.

The Board is pleased to announce that the EGM, the 2020 first A shareholders' class meeting of the Company (the "A Shareholders' Class Meeting") and the H Shareholders' Class Meeting (collectively referred to as the "Meetings") were held consecutively at 24/F, WenGuang Plaza, No. 1386 Hongqiao Road, Changning District, Shanghai, PRC in the form of onsite meeting and online voting (only for A Shares) on Friday, February 14, 2020 at 2:00 p.m. All the resolutions proposed as set out in the notices of the Meetings were duly passed by the relevant shareholders of the Company by way of poll. The Meetings were convened by the Board and chaired by Dr. Hou Yongtai, the Chairman of the Board. Computershare Hong Kong Investor Services Limited, the Company's H share registrar, was appointed as the scrutineer at the Meetings.

As at the date of the Meetings, the total number of Shares issued by the Company was 177,845,300 Shares, comprising 137,800,000 A Shares and 40,045,300 H Shares, which was the total number of Shares entitling the Shareholders to attend and vote for or against or abstain from voting in respect of the resolutions proposed at the Meetings. There were no Shares entitling the Shareholders to attend and abstain from voting in favour of any of the resolutions proposed at the Meetings as set out in Rule 13.40 of the Hong Kong Listing Rules and no Shareholder was required under the Hong Kong Listing Rules to abstain from voting at the Meetings. There was no restriction on any Shareholders to cast votes on any of the proposed resolutions at the Meetings. None of the Shareholders have stated their intention in the Circular to vote against or to abstain from voting on the resolutions proposed at the Meetings.

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Shareholders or their proxies, holding an aggregate of 136,928,226 shares with voting rights, which represented approximately 76.9929% of the total number of shares of the Company carrying voting rights, have attended the EGM.

A Shareholders or their proxies, holding an aggregate of 120,177,075 A Shares, which represented approximately 87.2112% of the total number of A Shares carrying voting rights, have attended the A Shareholders' Class Meeting.

H Shareholders or their proxies, holding an aggregate of 17,239,010 H Shares, which represented approximately 43.0488% of the total number of H Shares carrying voting rights, have attended the H Shareholders' Class Meeting.

THE POLL RESULTS OF EGM

The poll results of the EGM were as follows:

Ordinary Resolutions

Number of Votes (approximate %)

For

Against

Abstain

1.

To

consider

and

approve

Total

136,364,411

563,815

0

the

proposal

on utilization

99.5882%

0.4118%

0.0000%

o f

p a r t

o f

t h e

o v e r

Among

which, Shares

19,720,460

7,615

0

subscription

proceeds for

with voting rights held by

99.9614%

0.0386%

0.0000%

permanent

replenishment

minority

A Shareholders

of working capital.

attending the meeting

2.

To

consider

and

approve

Total

134,355,311

572,915

2,000,000

the

proposed

liability

98.1210%

0.4184%

1.4606%

insurance

for

Directors,

Among

which, Shares

17,720,460

7,615

2,000,000

Supervisors

and senior

with voting rights held by

89.8235%

0.0385%

10.1380%

m a n a g e m e n t

o f

t h e

minority

A Shareholders

Company.

attending the meeting

Special Resolution

Number of Votes (approximate %)

For

Against

Abstain

3.

To

consider

and

approve

Total

133,571,526

1,356,700

2,000,000

the

proposal

on

granting

97.5486%

0.9908%

1.4606%

a general mandate to the

Among

which, Shares

16,927,575

800,500

2,000,000

Board to repurchase the H

with voting rights held by

85.8044%

4.0576%

10.1380%

Shares of the Company.

minority

A Shareholders

attending the meeting

Notes:

1. For details of the aforesaid resolutions, please refer to the Notice of EGM and the Circular.
2. According to the relevant laws and regulations in the PRC, the voting of the minority A Shareholders on the aforesaid resolutions (1), (2) and (3) were calculated separately at the EGM. "Minority A Shareholders" refers to the A Shareholders who individually or in aggregate hold less than 5% of the Shares of the Company, excluding the Directors, Supervisors and senior management of the Company who hold Shares of the Company. Percentage of votes for/against each resolution or abstention votes of the minority A Shareholders equals to the number of Shares voting for/against or abstaining from each resolution by the minority A Shareholders divided by the total number of Shares with voting rights by the minority A Shareholders present at the EGM.

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As more than half of the votes were cast in favour of the ordinary resolutions (1) and (2) set out above at the EGM, all such resolutions were duly passed as ordinary resolutions of the Company. As more than two-thirds of the votes were cast in favour of the special resolution (3) set out above at the EGM, such resolution was duly passed as special resolution of the Company.

THE POLL RESULT OF A SHAREHOLDERS' CLASS MEETING

The poll results of the A Shareholders' Class Meeting were as follows:

				Special Resolution		Number of Votes (approximate %)
					For	Against	Abstain
	1.	To	consider	and	approve	Total		117,376,575	800,500	2,000,000
		the	proposal	on	granting			97.6696%	0.6661%	1.6643%
		a general mandate to the
		Among	which, Shares	16,927,575	800,500	2,000,000
		Board to repurchase the H	with voting rights held by	85.8044%	4.0576%	10.1380%
		Shares of the Company.	minority	A Shareholders
						attending the meeting
Note:

1. According to the relevant laws and regulations in the PRC, the voting of the minority A Shareholders on the aforesaid resolution (1) was calculated separately at the A Shareholders' Class Meeting. "Minority A Shareholders" refers to the A Shareholders who individually or in aggregate hold less than 5% of the Shares of the Company, excluding the Directors, Supervisors and senior management of the Company who hold Shares of the Company. Percentage of votes for/against each resolution or abstention votes of the minority A Shareholders equals to the number of Shares voting for/against or abstaining from each resolution by the minority A Shareholders divided by the total number of Shares with voting rights by the minority A Shareholders present at the A Shareholders' Class Meeting.

As more than two-thirds of the votes were cast in favour of the special resolution proposed at the A Shareholders' Class Meeting, the special resolution proposed at the A Shareholders' Class Meeting was duly passed.

THE POLL RESULT OF H SHAREHOLDERS' CLASS MEETING

The poll results of the H Shareholders' Class Meeting were as follows:

		Special Resolution	Number of Votes (approximate %)
For	Against	Abstain
	1.	To consider and approve the proposal on granting	16,682,810	556,200	0
		a general mandate to the Board to repurchase the	96.7736%	3.2264%	0.0000%
		H Shares of the Company.
Note:

1. For details of the aforesaid resolution, please refer to the Notice of H Shareholders' Class Meeting and the Circular.

As more than two-thirds of the votes were cast in favour of the special resolution proposed at the H Shareholders' Class Meeting, the special resolution proposed at the H Shareholders' Class Meeting was duly passed.

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WITNESSING BY LAWYER

Allbright Law Offices has witnessed the EGM, the A Shareholders' Class Meeting and the H Shareholders' Class Meeting, and is of the opinion that the convening and holding procedures, the eligibility of the convener and attendees, the voting procedures of the EGM, the A Shareholders' Class Meeting and the H Shareholders' Class Meeting conform to the requirements under the Company Law of the PRC and other laws and regulations and the Articles of Association; and that the results of the Meetings are both legitimate and valid.

By order of the Board

Shanghai Haohai Biological Technology Co., Ltd.*

Chairman

Hou Yongtai

Shanghai, the PRC, February 14, 2020

As at the date of this announcement, the executive directors of the Company are Dr. Hou Yongtai, Mr. Wu Jianying, Ms. Chen Yiyi and Mr. Tang Minjie; the non-executive directors of the Company are Ms. You Jie and Mr. Huang Ming; and the independent non-executive directors of the Company are Mr. Chen Huabin, Mr. Shen Hongbo, Mr. Zhu Qin and Mr. Wong Kwan Kit.

• For identification purpose only

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