Huabao International : INSIDE INFORMATION - ANNOUNCEMENT ON THE INDICATIVE RESULTS FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2019 OF HUABAO FLAVOURS & FRAGRANCES CO., LTD.

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HUABAO INTERNATIONAL HOLDINGS LIMITED

華 寶 國 際 控 股 有 限 公 司 *

(Incorporated in Bermuda with limited liability)

(Stock Code: 00336)

INSIDE INFORMATION

ANNOUNCEMENT ON THE INDICATIVE RESULTS

FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2019 OF

HUABAO FLAVOURS & FRAGRANCES CO., LTD.

This announcement is made by Huabao International Holdings Limited (the "Company") pursuant to Rules 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

Huabao Flavours & Fragrances Co., Ltd. ("Huabao Flavours") is a subsidiary of the Company and its shares are listed on the ChiNext of Shenzhen Stock Exchange (Stock Code: 300741). In compliance with the relevant applicable regulations of Shenzhen Stock Exchange, Huabao Flavours published an announcement on its indicative results for the nine months ended 30 September 2019 ("Indicative Announcement") on 14 October 2019 on the information disclosure webpage of Shenzhen Stock Exchange's website at http://www.szse.cn/disclosure/listed/notice/index.html.

The board of directors of the Company would like to draw the attention of its shareholders and the public investors to the appendix of this announcement (the "Appendix") which set out the Indicative Announcement was prepared by Huabao Flavours in accordance with the PRC Accounting Standard for Business Enterprises.

Please note that the Indicative Announcement in the Appendix was originally prepared by Huabao Flavours in Chinese. In case of any inconsistency between the Chinese and English versions, the Chinese version shall prevail.

By Order of the Board

Huabao International Holdings Limited

POON Chiu Kwok

Executive Director

Hong Kong, 14 October 2019

As at the date of this announcement, the Board comprises four executive directors, namely Ms. CHU Lam Yiu (Chairlady and CEO), Messrs. XIA Liqun, POON Chiu Kwok and LAM Ka Yu and four independent non-executive directors, namely Mr. LEE Luk Shiu, Ms. MA Yunyan, Mr. WU Chi Keung and Mr. Jonathan Jun YAN.

* For identification purposes only

APPENDIX

Stock Code: 300741

Stock Name: Huabao Flavours

Ref. No.: 2019-044

Huabao Flavours & Fragrances Co., Ltd.

Announcement on the indicative results for the nine months ended

30 September 2019

The Company and all members of its board warrant that the information contained in this announcement does not contain any false statements, misleading representations and material omissions. All of them shall be jointly and severally responsible for the authenticity, accuracy and completeness of the content of this announcement.

1. Status on the indicative results of the current reporting period

1. Period within which the indicative results covered: 1 January 2019 to 30 September 2019
2. Indicative Results:

□ Loss

□ From Loss to Profit

 Increase

□ Decrease

 Remain Constant

3. Indicative Results Analysis:

1. Indicative Results for the first three quarters of 2019 (1 January 2019 - 30 September 2019) :

Item	The first three quarters of 2019	Same period last year
Net profit attributable to	Increase compared with the same period
the shareholders of the	last year:
listed Company	2.11% - 8.70%	Profit: 78,470.88
	Profit: 80,128.31 - 85,295.31	(in Ten Thousand Dollars)
	(in Ten Thousand Dollars)

1. Indicative Results for the third quarter of 2019 (1 July 2019 - 30 September 2019) :

Item	The third quarter of 2019	Same period last year
Net profit attributable to	Increase compared with the same period
the shareholders of the	last year:
listed Company	-10.00% - 10.00%	Profit: 25,841.77
		(in Ten Thousand Dollars)
	Profit: 23,258.00 - 28,428.00
	(in Ten Thousand Dollars)

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1. Auditing status of the indicative results
   The relevant financial data regarding the indicative results for the current reporting period has not been audited by certified public accountants.
2. Reasons for and description of changes
3. 1. For the first three quarters of 2019, the principal business of the Company remained stable. The reasons for the increase in the operating results as compared with the same period last year was due to the increase in operating revenue and the decrease in expenses during the period.
   2. For the first three quarters of 2019, the effect of the non-recurring gains or losses to the net profit attributable to shareholders of the listed Company is estimated to be approximately RMB8,600 (in Ten Thousand Dollars).
4. Other Relevant Explanations
5. 1. The currency of "Dollars" in this announcement shall mean RMB.
   2. The financial data contained in this announcement on the indicative results was based on the preliminary estimation by the finance department of the Company. The specific financial data on the results of the Company for the nine months ended 30 September 2019 shall be disclosed in details in the Company's third quarterly report of 2019.

Investors should be cautious in investment and beware of the investment risks.

The announcement is hereby made.

The board of directors of

Huabao Flavours & Fragrances Co., Ltd.

15 October 2019

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