Hong Kong Life Sciences and Technologies Lim : update on listing status

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.

Hong Kong Life Sciences and Technologies Group Limited 香 港 生 命 科 學 技 術 集 團 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 8085)

UPDATE ON LISTING STATUS

This announcement is made by the Hong Kong Life Sciences and Technologies Group Limited (the ''Company'') pursuant to Rule 9.17 of the Rules Governing the Listing of Securities on GEM (the ''GEM Listing Rules'') of the Stock Exchange of Hong Kong Limited (the ''Stock Exchange'') 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 announcement of the Company dated 21 December 2018 (the ''Announcement''). Unless otherwise stated, capitalised terms used in this announcement shall have the same meaning as defined in the Announcement.

According to the Letter, the Stock Exchange has considered that the Company has failed to maintain a sufficient level of operation or have tangible assets of sufficient value and/or intangible assets for which a sufficient potential value can be demonstrated under GEM Listing Rule 17.26 to warrant the continued listing of its shares. The Stock Exchange has decided to suspend trading in the Company's shares under GEM Listing Rule 9.04 and to proceed with cancellation of the Company's listing under GEM Listing Rule 9.14.

The Board wishes to inform the Shareholders and potential investors that the Company has on 2 January 2019 submitted a written request to the GEM Listing Committee pursuant to Chapter 4 of the GEM Listing Rules for review of the Decision.

Further announcement(s) will be made by the Company as and when appropriate and in accordance with the requirements of the GEM Listing Rules.

Shareholders who have queries about the implication of the delisting of the shares of the Company are advised to seek appropriate professional advice.

For and on behalf of the Board

Hong Kong Life Sciences and Technologies Group Limited

Lu Zhiqiang

Executive Director and Chief Executive Officer

Hong Kong, 2 January 2019

As at the date of this announcement, the Board comprises (i) five executive Directors, namely Mr. Lu Zhiqiang, Mr. Chui Kwong Kau, Mr. Zhang James Jian Yuan, Dr. Sun Yu, and Mrs. Cheung Fan Karen; and (ii) three independent non-executive Directors, namely Mr. Hung Yat Ming, Mr. Chan Yun Hing and Mr. Tang Hua.

This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on GEM for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that to the best of their knowledge and belief the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading.

This announcement will remain on the ''Latest Company Announcements'' page of the GEM website athttp://www.hkgem.comfor a minimum period of seven days from the date of its publication and on the Company's website athttp://www.hklifesciences.com.