3SBio to Spin Off Mandi Inc.; Board Declares Conditional Special Dividend via Distribution in Specie

Bulletin Express03-30

3SBio Inc. (3SBio) announced plans to spin off its wholly owned subsidiary, Mandi Inc., for a separate listing on the Main Board of the Stock Exchange of Hong Kong. In tandem, the board declared a conditional special dividend to shareholders, to be satisfied by distributing all Mandi shares currently held by 3SBio on a pro-rata basis.

The special dividend will be paid out of the company’s share premium account and is subject to two key conditions: 1) Shareholder approval of the distribution mandate at an Extraordinary General Meeting (EGM). 2) Successful completion of the spin-off, including the Global Offering and the Listing of Mandi shares becoming unconditional.

3SBio will publish the EGM circular and notice on or about 1 April 2026. Post-approval, the board will determine and announce the exact number of Mandi shares to be distributed, the record date, and the transfer mechanism.

If either condition is not fulfilled, neither the spin-off nor the dividend will proceed. The company emphasized that the transaction is not classified as a Chapter 14 transaction under Hong Kong Listing Rules. Investors are urged to exercise caution when dealing in 3SBio shares until further updates are released.

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