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.

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CHINA PIONEER PHARMA HOLDINGS LIMITED

中国先鋒医药控股有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 01345) FURTHER DELAY IN DESPATCH OF CIRCULAR

Reference is made to the announcement of China Pioneer Pharma Holdings Limited (the "Company") dated 17 October 2016 (the "Announcement") in relation to the proposed disposal of the Target Company and the announcement of the Company dated 7 November 2016 ("Delay Announcement") in relation to the delay in despatch of the Circular (as defined below). Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as those defined in the Announcement and Delay Announcement.

As disclosed in the Delay Announcement, a circular (the "Circular") containing, among other things, (i) details of the Agreement and the Disposal; (ii) the recommendation from the Independent Board Committee to the Independent Shareholders in relation to the Disposal and the Agreement; (iii) a letter of advice from the IFA to the Independent Board Committee and the Independent Shareholders; and (iv) a notice of the EGM is expected to be despatched to the Shareholders on or before 21 November 2016.

As additional time is required for the Company to prepare and finalise the contents of the Circular, the despatch of the Circular will be further postponed to a date falling on or before 5 December 2016.

By order of the board of Directors

China Pioneer Pharma Holdings Limited Li Xinzhou

Chairman

Hong Kong, 21 November 2016

As at the date of this announcement, the Directors are Mr. LI Xinzhou, Mr. WANG Yinping and Mr. ZHU Mengjun as executive Directors, Mr. WU Mijia as non-executive Director and Mr. XU Zhonghai, Mr. LAI Chanshu and Mr. WONG Chi Hung, Stanley as independent nonexecutive Directors.

China Pioneer Pharma Holdings Ltd. published this content on 22 November 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 22 November 2016 03:13:01 UTC.

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