Innovative Pharmaceutical Biotech : SUPPLEMENTAL ANNOUNCEMENT IN RELATION TO THE INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019

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INNOVATIVE PHARMACEUTICAL BIOTECH LIMITED

領航醫藥及生物科技有限公司

(Incorporated in the Cayman Islands and continued in Bermuda with limited liability)

(Stock Code: 399)

SUPPLEMENTAL ANNOUNCEMENT

IN RELATION TO THE INTERIM RESULTS ANNOUNCEMENT

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019

Reference is made to the announcement (the "Announcement") of Innovative Pharmaceutical Biotech Limited (the "Company") dated 29 November 2019 in relation to the interim results (the "Interim Results") of the Company for the six months ended 30 September 2019.

In relation to the Announcement, the board (the "Board") of directors (the "Directors") of the Company wishes to supplement that the Interim Results have been reviewed by the audit committee of the Company.

Save as disclosed above, the contents of the Announcement remain unchanged.

By order of the Board

Innovative Pharmaceutical Biotech Limited

Tang Rong

Executive Director

Hong Kong, 2 December 2019

As at the date of this announcement, the Board comprises Ms. Jiang Nian (chairman & non-executive Director), Mr. Gao Yuan Xing (executive Director), Mr. Tang Rong (executive Director), Ms. Huang He (executive Director), Ms. Xiao Yan (non-executive Director), Ms. Wu Yanmin (non-executive Director), Ms. Chen Weijun (independent non-executive Director), Dr. Zhang Zhihong (independent non-executive Director) and Mr. Wang Rongliang (independent non-executive Director).