Zhongzhi Pharmaceutical : SUPPLEMENTAL ANNOUNCEMENT DISCLOSEABLE TRANSACTION CONSTRUCTION CONTRACTS

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Zhongzhi Pharmaceutical Holdings Limited

中 智 藥 業 控 股 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 3737)

SUPPLEMENTAL ANNOUNCEMENT

DISCLOSEABLE TRANSACTION

CONSTRUCTION CONTRACTS

Reference is made to the announcement of Zhongzhi Pharmaceutical Holdings Limited dated 24 March 2021 (the "Announcement") in relation to the construction contracts. Capitalised terms used herein shall have the same meanings as those defined in the Announcement unless otherwise defined.

The Board wishes to provide additional information on the contractor. The contractor, Guangdong Zhengdong, is ultimately owned or controlled as to (i) 80% by Mr. Chen Jianping; and (ii) 20% by Ms. Lin Yongxi.

To the best of the Directors' knowledge, information and belief, having made all reasonable enquiries, Mr. Chen Jianping and Ms. Lin Yongxi are third parties independent of and not connected with the Company and its connected persons.

Save as disclosed above, all other information contained in the Announcement remains unchanged.

By order of the Board

Zhongzhi Pharmaceutical Holdings

Limited

Mr. Lai Zhi Tian

Chairman and Executive Director

Hong Kong, 7 April 2021

As at the date of this announcement, the Board comprises nine directors. The executive directors are Mr. Lai Zhi Tian, Mr. Lai Ying Feng, Mr. Cao Xiao Jun and Mr. Cheng Jin Le. The non-executive directors are Ms. Jiang Li Xia and Mr. Yang Ai Xing. The independent non-executive directors are Mr. Ng Kwun Wan, Mr. Wong Kam Wah and Mr. Zhou Dai Han.