China Sanjiang Fine Chemicals : FURTHER DELAY IN DESPATCH OF CIRCULAR

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CHINA SANJIANG FINE CHEMICALS COMPANY LIMITED

中 國 三 江 精 細 化 工 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 2198)

FURTHER DELAY IN DESPATCH OF CIRCULAR

Reference is made to the announcements of China Sanjiang Fine Chemicals Company Limited (the ''Company'') dated 12 September 2019 and 11 October 2019 in relation to the financial assistance to Mei Fu Petrochemical (the ''Announcements''). Unless the context requires otherwise, capitalised terms used herein shall have the same meanings as those defined in the Announcements.

As set out in the announcement dated 11 October 2019, it is expected that the Company will dispatch a circular to the Shareholders on or about 25 October 2019 containing, among others, (i) further information of the 2nd Supplemental LG Agreement and the provision of Financial Assistance contemplated thereunder; (ii) a letter from the Independent Board Committee to the Independent Shareholders; (iii) a letter of advice from the Independent Financial Adviser to the Independent Board Committee and the Independent Shareholders in relation to the 2nd Supplemental LG Agreement and the provision of Financial Assistance contemplated thereunder; and (iv) the notice of EGM.

As additional time is required for the Company to bulk print the circular, the circular is expected to be dispatched on or before 30 October 2019.

By order of the Board

China Sanjiang Fine Chemicals Company Limited

GUAN Jianzhong

The PRC, 25 October 2019

As at the date of this announcement, the Board comprises four executive Directors: Mr. GUAN Jianzhong, Ms. HAN Jianhong, Mr. HAN Jianping and Mr. RAO Huotao and three independent non-executive Directors: Mr. SHEN Kaijun, Ms. PEI Yu and Mr. KONG Liang.