Mabpharm : POLL RESULTS OF THE EXTRAORDINARY GENERAL MEETING HELD ON FRIDAY, APRIL 30, 2021

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Mabpharm Limited

邁 博 葯 業 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 2181)

POLL RESULTS OF THE EXTRAORDINARY GENERAL MEETING

HELD ON FRIDAY, APRIL 30, 2021

References are made to the Notice (the "Notice") of the extraordinary general meeting (the "EGM") and the circular (the "Circular") of Mabpharm Limited (the "Company") both dated April 13, 2021. Unless otherwise defined, capitalised terms used herein shall have the same meanings as those defined in the Circular.

POLL RESULTS

At the EGM of the Company held on Friday, April 30, 2021, all the proposed resolutions (the "Resolutions") as set out in the Notice were duly passed by the Independent Shareholders as ordinary resolutions by way of poll.

As at the date of the EGM, the total number of issued Shares was 4,124,080,000. Mr. Guo Jianjun, one of the non-executive Directors and controlling shareholders of the Company, and Ms. Guo Hua (an associate of Mr. Guo Jianjun) indirectly controls 5% and 61.67% of the voting rights in Sinomab respectively. Biomabs is a wholly-owned subsidiary of Sinomab. Therefore, Mr. Guo Jianjun who is interested in 2,227,000,000 Shares indirectly through Asia Mabtech Limited and United Circuit Limited (representing approximately 54% of all issued Shares) as at the date of the EGM, was required under the Listing Rules to abstain and had abstained, from voting on the Resolutions at the EGM. Save as disclosed above, to the best of the Directors' knowledge, information and belief, having made all reasonable enquiry, no other Shareholder was required under the Listing Rules to abstain from voting on the Resolutions at the EGM. Accordingly, the total number of Shares entitling the respective holders to attend and vote on the resolutions at the EGM was 1,897,080,000 Shares (representing approximately 46% of the total issued Shares). There were no Shares entitling the Shareholders to attend and abstain from voting in favour at the EGM as set out in Rule 13.40 of the Listing Rules. Save as disclosed above, none of the Shareholders have indicated in the Circular that they intended to vote against or to abstain from voting on any Resolutions at the EGM.

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The Company's branch share registrar in Hong Kong, Computershare Hong Kong Investor Services Limited, was appointed as the scrutineer at the EGM for the purpose of vote-taking. The Board of the Company is pleased to announce the poll results in respect of the Resolutions proposed at the EGM as follows:

		Ordinary Resolutions	Number of Votes (%)
		For	Against
1.	(a)	To approve, ratify and confirm the entering into of the	1,533,101,500	0
		license agreement in respect of CMAB807 (the "License	(100%)	(0%)
		Agreement") dated March 1, 2021 entered into between
		Taizhou Mabtech Pharmaceutical Limited* ( 泰州邁博
		太 科 藥 業 有 限 公 司) ("Taizhou Pharmaceutical"),
		an indirect wholly-owned subsidiary of Mabpharm
		Limited (the "Company") and Shanghai Biomabs
		Pharmaceuticals Co., Ltd.* ( 上 海 百 邁 博 製 藥 有 限
		公 司) ("Biomabs") and the transaction contemplated
		thereunder; and
	(b)	To authorize the director(s) of the Company, for and
		on behalf of the Company to, amongst other matters,
		sign, execute and deliver or to authorize the signing,
		execution and delivery of all such documents and to do
		all such things as they may in their absolute discretion
		consider necessary, expedient or desirable to implement
		and/or to give effect to or otherwise in connection with
		the License Agreement.
2	(a)	To approve, ratify and confirm the entering into of the	1,533,101,500	0
		clinical trials agreement in respect of CMAB807 (the	(100%)	(0%)
		"Clinical Trials Agreement") dated March 1, 2021
		entered into between Taizhou Pharmaceutical, and
		Biomabs and the transactions contemplated thereunder;
	(b)	To approve the proposed annual cap amounts for the
		maximum aggregated agreed reimbursement payable
		under the Clinical Trials Agreement for the three years
		ending 31 December 2023 as set out in the Circular; and
	(c)	To authorize the director(s) of the Company, for and
		on behalf of the Company to, amongst other matters,
		sign, execute and deliver or to authorize the signing,
		execution and delivery of all such documents and to do
		all such things as they may in their absolute discretion
		consider necessary, expedient or desirable to implement
		and/or to give effect to or otherwise in connection with
		the Clinical Trials Agreement.

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		Ordinary Resolutions	Number of Votes (%)
		For	Against
3	(a)	To approve, ratify and confirm the entering into of the	1,533,101,500	0
		contract development and manufacturing agreement	(100%)	(0%)
		in respect of CMAB807 (the "CDMO Agreement")
		dated March 1, 2021 entered into between Taizhou
		Pharmaceutical and Biomabs and the transactions
		contemplated thereunder;
	(b)	To approve the proposed annual cap amounts for the fees
		payable under the CDMO Agreement for the three years
		ending 31 December 2023 as set out in the Circular; and
	(c)	To authorize the director(s) of the Company, for and on
		behalf of the Company to, amongst other matters, sign,
		execute and deliver or to authorize the signing, execution
		and delivery of all such documents and to do all such
		things as they may in their absolute discretion consider
		necessary, expedient or desirable to implement and/or to
		give effect to or otherwise in connection with the CDMO
		Agreement.

• For identification purpose only

As more than 50% of the votes were cast in favour of each of the above ordinary resolutions numbered 1 to 3, all of the above resolutions were duly passed by the Independent Shareholders as ordinary resolutions of the Company at the EGM.

By order of the Board

Mabpharm Limited

Jiao Shuge

Chairman

Shanghai, the PRC, April 30, 2021

As at the date of this announcement, the Board of Directors comprises Dr. Wang Hao, Mr. Tao Jing, Mr. Li Yunfeng, and Dr. Li Jing as executive Directors; Mr. Jiao Shuge and Mr. Guo Jianjun as non-executive Directors; and Mr. Guo Liangzhong, Dr. Zhang Yanyun and Dr. Liu Linqing as independent non-executive Directors.

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