Shanghai Dasheng Agrcltr Fin Tech : Announcements and Notices - VOLUNTARY ANNOUNCEMENT IN RELATION TO THE FORMATION OF A JOINT VENTURE COMPANY

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

(Stock code: 1103) VOLUNTARY ANNOUNCEMENT IN RELATION TO THE FORMATION OF A JOINT VENTURE COMPANY

This is a voluntary announcement made by the Shanghai Dasheng Agriculture Finance Technology Co., Ltd. (the "Company", together with its subsidiaries, the "Group") for keeping the shareholders of the Company and potential investors informed of the latest business development of the Group.

INTRODUCTION

The board (the "Board") of directors of the Company is pleased to announce that a joint venture company ("JV Company"), 中農普惠金服科技股份有限公司 (Zhongnong Puhui Financial Service Technology Co., Ltd.*) has recently been formed with three independent third parties ("JV Parties"), namely 中農集團控股 股份有限公司 (Sinoagri Holding Company Limited*) ("Sinoagri"), 宜信微佳科技發展（北京）有限公司 (Creditease Weijia Technology Development (Beijing) Co., Limited*) ("Creditease Weijia") and 北京漢拓 雲科技有限公司 (Beijing Huntor Cloud Technology Co., Limited*) ("Beijing Huntor") in the People's

Republic of China.

THE JV COMPANY

The registered capital of the JV Company is RMB80 million and is contributed by the JV Parties as stated below:

Shareholders	Contribution amount	Proportion of contribution
(RMB in million)
Sinoagri	24	30%
Creditease Weijia	24	30%
the Company	24	30%
Beijing Huntor	8	10%

The principal business of the JV Company are, among other things, technology development, provision of financial business process and financial knowledge to financial institutions and sale of fertilizer.

INFORMATION OF THE JV PARTIES

As advised by Sinoagri, Sinoagri is a large-scale joint-stock enterprise jointly sponsored and established by China National Agricultural Means of Production Group Corporation, Ping An Insurance (Group) Company of China, Ltd. and other domestic-renowned agricultural enterprises. It is a new modern enterprise that focuses on fertilizer business, as well as a large-scale fertilizer supplier and a comprehensive service provider for agricultural production that integrates production, trading and distribution, logistics and warehousing, international trading, agrochemical services and e-commerce.

As advised by Creditease Weijia, the principal business of Creditease Weijia is provision of comprehensive and personalized finance, wealth management and Internet financial services through the large data financial cloud, internet and other financial innovation and technology.

As advised by Beijing Huntor, the principal business of Beijing Huntor is provision of an online-to-offline solution tailored to its customers' own business and processes.

REASONS FOR THE FORMATION OF THE JV COMPANY

The Group is principally engaged in agricultural and petrochemical products supply chain services, road and bridge construction business and agricultural finance business.

The Board is of the view that the formation of the JV Company will provide an opportunity to the Group to extend its platform in the sale of fertilizer products business segment. With the expertise and business network of JV Parties, the JV Company aims to create a new model of e-commerce in the field of agricultural resources.

In view of the above, the Directors consider that the formation of the JV Company is consistent with the long term development strategy of the Group and therefore in the interests of the Company and the Shareholders as a whole.

GENERAL

As the applicable percentage ratios (as defined in Rule 14.07 of the Listing Rules) in respect of the formation of the JV Company do not exceed 5%, the formation of the JV Company does not constitute a notifiable transaction for the Company pursuant to Chapter 14 of the Listing Rules.

* The English translation in this announcement is for reference only. The official names are in Chinese.

By Order of the Board

Shanghai Dasheng Agriculture Finance Technology Co., Ltd. Lan Huasheng

Chairman

Hong Kong, 8 January 2017

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.

If there is any inconsistency in this announcement between the Chinese and English versions, the English version shall prevail.