Hailan : SECOND SUPPLEMENTAL ANNOUNCEMENT - DISCLOSEABLE TRANSACTION IN RELATION TO ACQUISITION OF PROPERTY

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Hailan Holdings Limited

海 藍 控 股 有 限 公 司

(incorporated in the Cayman Islands with limited liability)

(Stock code: 2278)

SECOND SUPPLEMENTAL ANNOUNCEMENT-

DISCLOSEABLE TRANSACTION

IN RELATION TO ACQUISITION OF PROPERTY

Reference is made to the announcement of Hailan Holdings Limited (the ''Company'') dated 26 November 2019 and the supplemental announcement dated 17 January 2020 (the ''Announcements''). Capitalised terms used herein shall have the same meanings as those defined in the Announcements unless defined otherwise.

The Company would like to supplement further information in relation to the Acquisition.

INFORMATION OF THE VENDOR

To the best of the Directors' knowledge, information and belief having made all reasonable enquiries, the Vendor is a privately held company which is principally engaged in development and investment of real estate in California, U.S. The Vendor is controlled by Ashley Liu and Jin Hongmei, which both of them are Independent Third Parties.

By order of the Board

Hailan Holdings Limited

Chairperson

Zhou Li

The PRC, 5 February 2020

As at the date of this announcement, the executive Directors are Ms. Zhou Li, Ms. Fan Wenyi and Mr. Chen Zhonghua; the non-executive Director is Ms. Yao Yu; and the independent non-executive Directors are Mr. Li Yong, Mr. E Junyu and Dr. Zhao Guoqing.