Shanghai Jin Jiang Capital : INSIDE INFORMATION ANNOUNCEMENT ANNOUNCEMENT OF RESOLUTIONS PASSED AT THE EXTRAORDINARY GENERAL MEETING OF A SUBSIDIARY

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this announcement, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

Shanghai Jin Jiang Capital Company Limited *

上 海 錦 江 資 本 股 份 有 限 公 司

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

(Stock Code: 02006)

INSIDE INFORMATION ANNOUNCEMENT

ANNOUNCEMENT OF RESOLUTIONS PASSED AT THE EXTRAORDINARY GENERAL MEETING OF A SUBSIDIARY

This announcement is made by Shanghai Jin Jiang Capital Company Limited (the ''Company'') in accordance with Rule 13.09(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the ''Listing Rules'') and the inside information provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the laws of Hong Kong).

Reference is made to the announcements of the Company dated 2 September 2020 and 10 September 2020 in relation to the plan for the non-public issuance of A shares by Shanghai Jin Jiang International Hotels Company Limited (''Jin Jiang Hotels''), a subsidiary of the Company and a joint stock company incorporated in the People's Republic of China (the ''PRC'') with its A shares and B shares listed on Shanghai Stock Exchange, and the completion of approval process by state-funded enterprise in respect of the non-public issuance of A shares by Jin Jiang Hotels, respectively.

The board of directors of the Company is pleased to announce that Jin Jiang Hotels has published an announcement at Shanghai Stock Exchange on 22 September 2020 on the resolutions passed at its first extraordinary general meeting in 2020. The main contents of the announcement are as follows: the first extraordinary general meeting in 2020 of Jin Jiang Hotels was convened on 22 September 2020, at which, the plan for the non-public issuance of A shares by Jin Jiang Hotels, among others, was considered and approved.

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The plan for the non-public issuance of A shares by Jin Jiang Hotels is subject to the approval of China Securities Regulatory Commission and is therefore subject to uncertainties. Shareholders of the Company and potential investors are advised to exercise caution when dealing in shares of the Company. The Company will fulfill its obligations in information disclosure in a timely manner based on the progress of the issuance by Jin Jiang Hotels in accordance with the provisions of the Listing Rules.

Other details of the non-public issuance of A shares by Jin Jiang Hotels can be found on the website of Shanghai Stock Exchange (www.sse.com.cn).

By Order of the Board

Shanghai Jin Jiang Capital Company Limited*

Zhang Jue

Joint Company Secretary

Shanghai, the PRC, 22 September 2020

As at the date of this announcement, the executive directors of the Company are Mr. Yu Minliang, Ms. Guo Lijuan, Mr. Chen Liming, Mr. Ma Mingju, Ms. Zhou Wei and Mr. Sun Yu; and the independent non-executive directors of the Company are Mr. Ji Gang, Dr. Rui Mingjie and Mr. Shen Liqiang.

• The Company is registered as a non-Hong Kong company as defined in the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) under its Chinese name and the English name ''Shanghai Jin Jiang Capital Company Limited''.

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