Shanghai Dasheng Agrcltr Fin Tech : Announcements and Notices - DETERMINATION OF THE FINAL PLACING PRICE

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.

This announcement is for information purpose only and does not constitute an invitation to purchase or offer to sell, dispose, acquire, purchase, take up or subscribe for any securities of the Company in the United States or any other jurisdiction and neither this announcement nor anything herein forms the basis for any contract or commitment whatsoever.

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

(Stock code: 1103)

DETERMINATION OF THE FINAL PLACING PRICE

This announcement is made by Shanghai Dasheng Agriculture Finance Technology Co., Ltd. (the "Company") pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and the provisions of inside information under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the laws of Hong Kong).

References are made to (i) the announcements of the Company dated 27 October 2016, 11 November 2016, 30 November 2016, 27 February 2017 and 30 June 2017; (ii) the circular of the Company dated 5 December 2016 (the "Circular"); and (iii) the poll results announcement of the Company dated 20 January 2017, all in relation to, among other things, the Subscription and the Placing. Capitalised terms used herein shall have the same meanings as those defined in the Circular unless the context requires otherwise.

The Board is pleased to announce that the final Placing Price was determined, pursuant to the terms of the Placing Agreement and the Supplemental Placing Agreement, at HK$0.65 per Placing Share, which was determined by the Board pursuant to the authorisation of the shareholders' meetings in consultation with the Placing Agent and with reference to the prevailing market price of the H Shares and the prevailing market conditions. The final Placing Price represents a premium on the closing price of HK$0.60 per H Share as quoted on the Stock Exchange on the date of this announcement.

The completion of the Placing is subject to the fulfilment of the terms and conditions under respective agreements. As the Placing may or may not proceed, Shareholders and potential investors are advised to exercise caution when dealing in the Shares.

By Order of the Board

Shanghai Dasheng Agriculture Finance Technology Co., Ltd.

Mo Luojiang

Executive Director and Chief Executive Officer

Shanghai, PRC, 10 January 2018

As at the date of this announcement, the Board comprises three executive directors: Mr. Lan Huasheng, Mr. Mo Luojiang and Mr. Wang Liguo; one non-executive director: Mr. Zhu Tianxiang; and three independent non-executive directors: Mr. Chung Cheuk Ming, Mr. Yang Gaoyu and Mr. Zhou Jianhao.