3SBio Inc. Announces EGM Results and Conditional Special Dividend via Distribution in Specie

Key Highlights from the Extraordinary General Meeting (EGM)

• Date of EGM: 23 April 2026
• Attendance: All Directors were present
• Total Issued Shares: 2,538,035,412
• Voting: No restrictions on shareholders voting; no shareholders required to abstain
• Scrutineer: Computershare Hong Kong Investor Services Limited appointed for vote-taking

Details of the Approved Resolution

At the EGM, shareholders voted overwhelmingly in favor of an ordinary resolution concerning a conditional special dividend. This dividend is to be implemented by way of distribution in specie of all the issued shares of Mandi Inc. currently held by 3SBio Inc., immediately prior to the completion of the proposed spin-off.

• Votes For: 990,627,192 (99.995306%)
• Votes Against: 46,500 (0.004694%)

What Does the Distribution Mean for Shareholders?

The special dividend will be distributed to qualifying shareholders of 3SBio Inc., subject to the completion of the spin-off of Mandi Inc., the global offering, and the listing of Mandi Inc. becoming unconditional. This means shareholders could receive Mandi Inc. shares directly, potentially unlocking value and providing exposure to a new listed entity.

The Board has been authorized to determine:

• The exact number of Mandi Shares to be distributed
• The basis and mechanism for distribution
• The transfer process
• Record Date and possible variations
• Execution, amendment, and implementation of relevant documents

There are currently no restrictions or stated intentions by any parties to vote against or abstain from the resolution.

Price-Sensitive Information and Potential Impact

This announcement is highly price-sensitive:

• The distribution in specie of Mandi Inc. shares could significantly affect 3SBio Inc.’s share price, as shareholders may receive direct ownership in a newly listed entity.
• The value and liquidity of 3SBio Inc. shares may be impacted depending on the market reception of Mandi Inc.’s spin-off and listing.
• Investors should monitor further announcements regarding the fulfilment of conditions, such as the spin-off, global offering, and listing of Mandi Inc., as these will determine when and how the distribution occurs.

Next Steps and Ongoing Conditions

The Distribution remains conditional upon:

• The completion of the proposed spin-off
• The global offering and listing of Mandi Inc. becoming unconditional

3SBio Inc. will issue further updates as these conditions are met and provide details and basis for the Distribution.

Board Composition

• Dr. LOU Jing (Chairman, Executive Director)
• Ms. SU Dongmei (Executive Director)
• Ms. ZHANG Jiaoe (Non-Executive Director)
• Mr. PU Tianruo, Ms. YANG Hoi Ti Heidi, Mr. NG Joo Yeow Gerry (Independent Non-Executive Directors)

Disclaimer: This article is based on information released by 3SBio Inc. following its Extraordinary General Meeting. Investors are strongly advised to seek independent financial advice and monitor official announcements for updates regarding the spin-off, distribution, and listing of Mandi Inc., as these may materially affect share values and investment decisions.

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