CanSino Biologics Inc.


                                                           6185




                      2023       3    14
       XV                                                                       350




                        14.07                                                     XV
                                     5%                                           XV
                                                           14
                                                  XV                                   XI   XII
XIII    XIV
                                                                  14.22



5%                                          25%
                                       14
                 14




                                     2023    2    22       2023   2   7     2023       1    17
2022   12   23

                  2023       3        14
  XV                                                                      350


                                                       1
      XV

                           XV

2023       3     14

(a)

(b)

               WBS230357




           350




                                    X
                                H




                      2
             =                   1.6% + 1.6% × N/M            1.6%       1.6%
                                   N
                      M
                      1.6%                                         3.2%

                                                     3              BFIX
                                                                     BFIX

                                      3             BFIX


                          2023    3       16                2023     6    15


                                          -0.095
+0.095

                                                                     3
 BFIX                                                              2023    3
16

         =       ×                            ×             365




                                                                    (i)
                                                     (ii)
                                 (iii)
                                          2
             2




                      3
                   H                       9668




                                XV


                       XV




     14.07                        XV
         5%                      XV
                       14
              XV                XI   XII    XIII   XIV

                       14.22


                                                   5%
            25%
       14
14

                            4
                                2005   12   30
                                  H
                    9668

                                                                           350
         X                                      2022     12       9


                                                                           350
         XV                                     2023     3       14


                                                  XI    XII      XIII     XIV
                                                       XV


         XI   XII     150                       200                       200
XIII   XIV                            60                                 2022
                      12 23         2023    1     17         2023      2 7
                      2023 2       22

                                                  2017       2      13
                                                             H
                                                      6185             A
                                                                      688185




                            5
H                      H




%




                                       Xuefeng YU


    2023   3   14

                    Xuefeng YU   Shou Bai CHAO
     Dongxu QIU




                       6