Sunshine 100 China : SUPPLEMENTAL ANNOUNCEMENT ON CONNECTED TRANSACTION - PROVISION OF FINANCIAL ASSISTANCE

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

Sunshine 100 China Holdings Ltd

陽光100中國控股有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 2608)

SUPPLEMENTAL ANNOUNCEMENT ON

CONNECTED TRANSACTION -

PROVISION OF FINANCIAL ASSISTANCE

Reference is made to the announcement (the "Announcement") of Sunshine 100 China Holdings Ltd (the "Company") dated 3 September 2020 in relation to the provision of financial assistance by various subsidiaries of the Company to Beijing International Trust Co., Ltd. ( 北 京 國 際 信 託 有 限 公 司). Unless otherwise specified, capitalized terms used in this announcement shall have the same meanings as those defined in the Announcement.

The Company would like to supplement further information on Beijing Trust:

As at the date of this announcement, Beijing Trust holds certain equity interests in three of the Group's subsidiaries, being 49% in Shaan'xi Jinyuan Napa Property Development Co., Ltd.* ( 陝 西 金 源 納 帕 房 地 產 開 發 有 限 公 司), 79.001% in

Xinglong County Huamao Construction and Development Co., Ltd.* ( 興 隆 縣 華 貿 建 設開發有限公司) and 90% in Wenzhou Zhongxin Haoyuan Investment Co., Ltd.* (溫

州 中 信 昊 園 投 資 有 限 公 司). As such, Beijing Trust is a connected person of the Company at the subsidiary level pursuant to Rule 14A.06(9) of the Listing Rules.

Beijing Trust is a financial institution principally engaged in the trust business. It is established with the approval of China Banking and Insurance Regulatory Commission and validly existing under the laws of the PRC.

Based on the 2019 annual report of Beijing Trust, Beijing Trust is held as to approximately 34.3% by Beijing State-Owned Assets Management Co., Ltd.* ( 北 京 市 國 有 資 產 經 營 有 限 責 任 公 司) ("BSAM"), 15.32% by Aerospace Science & Technology Finance Corporation* ( 航 天 科 技 財 務 有 限 責 任 公 司) ("ASTF"), 15.30% by Win Eagle Investments Limited ( 威 益 投 資 有 限 公 司) ("Win Eagle") and 14.29% by China Petroleum & Chemical Corporation ( 中 國 石 油 化 工 股 份 有 限 公 司) ("SINOPEC"). The remaining shareholders of Beijing Trust each holds less than 10% equity interest in Beijing Trust.

- 1 -

ASTF is a company established in the PRC and ultimately held by the State-owned Assets Supervision and Administration Commission of the State Council.

BSAM is a company established in the PRC and is wholly-owned by the Beijing Municipal Government.

SINOPEC is a company established in the PRC with limited liability and the issued shares of which are listed on the Main Board of the Stock Exchange (stock code: 386). Based on the interim results announcement of SINOPEC for the six months ended 30 June 2020, SINOPEC is held as to approximately 68.31% by China Petrochemical Corporation as at 30 June 2020, a state-owned company ultimately held by the People's Government of China.

Win Eagle is a company established in Hong Kong with limited liability. Based on the respective 2019 annual returns filed with the Hong Kong Companies Registry, Win Eagle is wholly-owned by CITIC Capital Financial Holding Limited, which is wholly-owned by CITIC Capital Holdings Limited. Based on the 2020 annual return filed with the Hong Kong Companies Registry, CITIC Capital Holdings Limited is held as to approximately 19.90% by Forever Glory Holdings Limited, 18.00% by Fubon Life Insurance Co., Ltd., 20.70% by Mount Everest Investment Limited, 18.73% by Qatar Holding LLC and 10.00% by CCHL Management Holding Limited. The remaining shareholders of CITIC Capital Holdings Limited each holds less than 10% equity interest in CITIC Capital Holdings Limited.

By Order of the Board

Sunshine 100 China Holdings Ltd

Yi Xiaodi

Chairman and Executive Director

Beijing, the PRC

10 September 2020

As at the date of this announcement, the executive directors of the Company are Mr. Yi Xiaodi and Mr. Fan Xiaochong, the non-executive directors of the Company are Ms. Fan Xiaohua and Mr. Wang Gongquan, and the independent non-executive directors of the Company are Mr. Gu Yunchang, Mr. Ng Fook Ai, Victor and Mr. Wang Bo.

• For identification purpose only

- 2 -