Shanghai Junshi Biosciences : VOLUNTARY ANNOUNCEMENT - JS103 INJECTION RECEIVED THE ACCEPTANCE NOTICE FOR THE INVESTIGATIONAL NEW DRUG APPLICATION

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SHANGHAI JUNSHI BIOSCIENCES CO., LTD.*

ɪऎёྼ͛يᔼᖹ߅Ҧٰ΅Ϟࠢʮ̡

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

(Stock code: 1877)

VOLUNTARY ANNOUNCEMENT -

JS103 INJECTION RECEIVED THE ACCEPTANCE NOTICE FOR

THE INVESTIGATIONAL NEW DRUG APPLICATION

This announcement is made by Shanghai Junshi Biosciences Co., Ltd.* (ɪऎёྼ͛يᔼᖹ߅Ҧ ٰ΅Ϟࠢʮ̡) (the "Company") on a voluntary basis. Reference is also made to the overseas regulatory announcement of the Company dated 5 March 2021.

The board (the "Board") of directors (the "Directors") of the Company is pleased to announce that, the Company has received the Acceptance Notice ( աଣஷࣣٝ') issued by the National Medical Products Administration. The investigational new drug application for the JS103 injection (product code: "JS103") has been accepted. Relevant information is as follows:

ABOUT JS103 INJECTION

Drug name: JS103 injection

Application matter: Registration of Domestic Production of Pharmaceutical Product Acceptance No.: CXSL2100083

Applicant: Shanghai Junshi Biosciences Co., Ltd.* (ɪऎёྼ͛يᔼᖹ߅Ҧٰ΅Ϟࠢʮ̡) Review conclusion: Accepted upon review according to the requirements of Article 32 of the Administrative Licensing Law of the People's Republic of China.

JS103 is a pegylated uricase derivative developed independently by the Company that is mainly used for the treatment of hyperuricemia with or without gout. JS103 catalyses the oxidation of uric acid to form an allantoin with significantly higher solubility than that of uric acid, thereby achieving the effect of reducing blood uric acid. Hyperuricemia is a metabolic disorder syndrome caused by excessive production of uric acid or obstruction of uric acid excretion due to purine metabolic disorder, as a result of which uric acid exceeds the critical limits in blood. Gout is a crystal-associated arthropathy caused by the deposition of monosodium urate, which is directly related to hyperuricemia. According to the Guidelines for the Diagnosis and Treatment of Hyperuricemia and Gout in China (2019) ( ʕ਷৷҇აАसၾ೨ࠬൢᐕܸی(2019)'), the overall prevalence of hyperuricemia and gout in China is 13.3% and 1.1%, respectively. Gout and associated diseases caused by hyperuricemia are among the most common chronic diseases in China. Therefore, the development of JS103 is expected to bring more treatment options to patients.

RISK WARNING

Due to the high-tech, high-risk and high-value-added characteristics of pharmaceutical products, there are substantial risks and uncertainties in the process of drug research, development and commercialization. These many stages make it susceptible to uncertainties and therefore, investors are advised to make cautious decisions and pay careful attention to investment risks. The Company will actively pursue the above research and development projects and fulfill its information disclosure obligations in a timely manner for subsequent progress in strict accordance with relevant regulations.

By order of the Board Shanghai Junshi Biosciences Co., Ltd.*

Mr. Xiong Jun

Chairman

Shanghai, the PRC, 5 March 2021

As at the date of this announcement, the board of directors of the Company comprises Mr. Xiong Jun, Dr. Li Ning, Dr. Feng Hui, Mr. Zhang Zhuobing and Dr. Yao Sheng as executive Directors; Dr. Wu Hai, Mr. Tang Yi, Mr. Li Cong, Mr. Yi Qingqing and Mr. Lin Lijun as non-executive Directors; and Dr. Chen Lieping, Mr. Qian Zhi, Mr. Zhang Chun, Dr. Jiang Hualiang and Dr. Roy Steven Herbst as independent non-executive Directors.

* For identification purpose only