Shanghai Dasheng Agriculture Finance Technology : DATE OF BOARD MEETING AND PUBLICATION OF 2019 UNAUDITED ANNUAL RESULTS BASED ON MANAGEMENT ACCOUNTS

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(a joint stock company incorporated in the People's Republic of China with limited liability)

(Stock code: 1103)

DATE OF BOARD MEETING

AND

PUBLICATION OF 2019 UNAUDITED ANNUAL RESULTS BASED

ON MANAGEMENT ACCOUNTS

The board of directors (the "Board") of Shanghai Dasheng Agriculture Finance Technology Co., Ltd. (上海大生農業金融科技股份有限公司) (the "Company") announces that a meeting of the Board will be held on Tuesday, 31 March 2020 for the purposes of, among other matters, considering and approving the publication of unaudited annual results based on the management accounts of the Company and its subsidiaries (the "Group") for the year ended 31 December 2019.

The Board would like to inform the shareholders of the Company and potential investors that, due to travel restrictions in connection with the recent coronavirus disease (COVID-19) outbreak which have disrupted the reporting and audit processes of the Group's financial statements for the year ended 31 December 2019, the Company is unable to publish an annual results announcement which shall be agreed with the Company's auditors (the "Audited Annual Results") by 31 March 2020 in accordance with Rule 13.49 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

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The Company will publish the Audited Annual Results upon completion of such reporting and audit processes as soon as practicable after they have been agreed with the Company's auditors. Further announcement will be made by the Company as and when appropriate.

By order of the Board

Shanghai Dasheng Agriculture Finance Technology Co., Ltd.

Lan Huasheng

Chairman

Shanghai, PRC, 16 March 2020

As at the date of this announcement, the Board comprises three executive directors: Mr. Lan

Huasheng, Mr. Wang Liguo and Mr. Yan Zebin; one non-executive director: Mr. Lu Tingfu; and two

independent non-executive directors: Mr. Chung Cheuk Ming and Mr. Yang Gaoyu.

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