Ticketing policy for the postponement of 2020 Formula 1 Heineken Chinese Grand Prix

Recently, the Formula One Management (FOM) officially announced the postponemen t of the 2020 F1 Chinese Grand Prix. The recent novel coronavirus epidemic has had a great impact on the preliminary support work of the Fl Chinese Grand Prix. According to the usual practice, the track and garage renovation and the shipping of the race ma terials that should be launched two months before the event are not able to proceed n ormally. At present, it is impossibleto ensure high-quality standards and present the m ost perfect high-quality event in April. Therefore, the promoter of the F1 Chinese Grand Prix, Shanghai Juss Sports Group, together with FOM, Fl A, the Federation of Autom obile and Motorcycle Sports of People's Republic of China (CAMF) and Shanghai Admi nistration of Sports have reached a consensus on the postponement of 2020 F1 Chine seGrand Prix after careful study, and launched thecorresponding plan.

The ticketing policy of 2020 Formula 1 Heineken Chinese Grand Prix is adjusted as foil ows:

From now on to the announcement day of the new date of the event ticket sales of 20 20 Formula 1 Heineken Chinese Grand Prix will be suspended untilthe new dateof the event is determined; the specific resumption time will be announced separately, please pay attention to theofficial Wechat and Weibo: Fl Chinese Grand Prix.

All orders for tickets purchased from Shanghai International Circuit Management and Development Co., Ltd and its authorized channels (marked with 2020 Formula 1 Heine ken Chinese Grand Prix held from April 17 to 19) are still valid. If you failto apply for ref und within the specified time limit, the event promoter will distribute the tickets for 202 0 Formula 1 Heineken ChineseGrand Prix with the new date. Ticket allocation time will be notified later.

If you areunable to attend the event dueto any reason such as schedule, you can dire ctly apply for refund from the original ticket purchasing channel. The refund amount s hould bethe actual ticket payment you paid, excluding other expenses incurred in the process of your purchase. The deadline for refund application should be April 30,202 0. If you failto meet the deadline, you will be deemed to confirm the validity of the origi nal order and waive the refund right due to thechange of the date of the event. We will allocate tickets as scheduled.

All refunds should be handled through the original purchase channels. If FIA, FOM and its affiliated companies, the event Promoter, Juss Sports Group and Shanghai Internat ional Circuit Management and Development Co., Ltd, are not your original ticket purch asing channels, they will not handle refund for you directly. Please understand.

For other ticketing questions about 2020 Formula 1 Heineken ChineseGrand Prix, you can also call the ticketing hotline at 9:00AM-5:30PM on weekdays: + 86-21-962123. If t he ticketing hotline has a long waiting time dueto many calls, we suggest that you can send an emailto 2020f1tp@jussevent.com. We will deal with your email as soon as po ssible. Thank you for your understanding in this special period.

Shanghai International Circuit Management and Development Co., Ltd.

February 13,2020