Jin Bao Bao : EXTENSION OF LONG STOP DATE OF SUBSCRIPTION OF NEW SHARES UNDER GENERAL MANDATE

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This announcement appears for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for the Shares.

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(Stock code: 1239) EXTENSION OF LONG STOP DATE OF SUBSCRIPTION OF NEW SHARES UNDER GENERAL MANDATE

Reference is made to the announcement issued by Jin Bao Bao Holdings Limited (the "Company") dated 25 May 2017 in relation to the subscription of new Shares under the General Mandate (the "Announcement"). Capitalised terms used in this announcement shall have the same meanings as those defined in the Announcement, unless the context requires otherwise.

As additional time is required to fulfill the conditions precedent of the Subscription Agreement, the Subscriber and the Company entered into supplemental agreement (the "Supplemental Agreement") on 9 June 2017 to extend the time set out in the Subscription Agreement for fulfillment of the conditions precedent from 10 June 2017 to 30 June 2017 (or such later date as may be agreed between the Company and the Subscriber in writing).

Save as disclosed above, all other terms and conditions of the Subscription Agreement remain unchanged and continue in full force and effect.

By Order of the Board

Jin Bao Bao Holdings Limited Ngai Mei

Executive Director

Hong Kong, 9 June 2017

As at the date of this announcement, the Board comprises Mr. Ling Zheng, Mr. He Xiaoming, Ms. Ngai Mei and Ms. Xie Yan as executive Directors; Mr. Lee Chi Hwa, Joshua, Mr. Lam Chi Wai and Mr. Chan Chun Kau as independent non-executive Directors.

In the case of any inconsistency, the English text of this announcement shall prevail over the Chinese text.