Mr. Simon Springett reports

GLG LIFE TECH CORPORATION PROVIDES UPDATE ON YEAR-END FILINGS AND ANNOUNCES DELAY IN FILING FIRST QUARTER FILINGS

GLG Life Tech Corp. intends to further delay the filing of its annual financial statements in respect of its year ended Dec. 31, 2019, its management's discussion and analysis relating to its annual financial statements, its annual information form, and the chief executive officer and chief financial officer certifications beyond the prescribed extended deadline of May 14, 2020.

The COVID-19 coronavirus in China has impacted the efforts of the company's management to complete the required year-end documents. The Chinese government-mandated temporary shutdown of businesses, including the company's manufacturing subsidiaries, and mandatory travel restrictions and quarantine periods resulted in a significant delay in the company's efforts to complete the required year-end documents. These nationwide shutdowns impacted the ability of the company to obtain audit evidence, primarily from third parties that were also subject to the shutdowns, required by the company's auditor to complete the audit.

With the company's resumption of operations in China, the company's management, together with the audit committee, has been co-operating and will continue to co-operate with its auditor to provide all necessary information and complete the required year-end documents as soon as possible. The company expects that the required year-end documents will be filed on or before June 12, 2020.

In the interim, the company has applied to the applicable Canadian securities regulatory authorities for a management cease trade order (MCTO), which has been issued, effective May 15, 2020, and is valid for a period of 30 days. Until the required year-end documents are filed, the company intends to satisfy the provisions of the alternative information guidelines in accordance with National Policy 12-203 (Management Cease Trade Orders) by issuing biweekly status reports in the form of news releases so long as it remains in default of the filing requirements noted herein.

Additionally, the company announces today that it intends to delay the filing of its first quarter interim financial statements in respect of the three months ended March 31, 2020, its management's discussion and analysis relating to the interim financial statements, and the chief executive officer and chief financial officer certifications, beyond the prescribed deadline of May 15, 2020. The delay in the filings of the required year-end documents impacts the timeline required for the company to complete the required interim documents.

The company expects that the required interim documents will be filed on or before June 30, 2020. The company is relying on the exemption provided in BCI 51-515 (Temporary Exemption from Certain Corporate Finance Requirements) (and similar exemptions provided by Canadian Securities Administrators) for this delay in filing the required interim documents, which provides a 45-day extension for periodic filings normally required to be made by issuers.

The company affirms that management and other insiders are subject to a trading blackout policy of the company that reflects the principles in Section 9 of National Policy 11-207. There are no insolvency proceedings that GLG is subject to, and there is no other material information concerning the affairs of the company that has not been generally disclosed.

About GLG Life Tech Corp.

GLG Life Tech is a global leader in the supply of high-purity zero-calorie natural sweeteners, including stevia and monk fruit extracts used in food and beverages. GLG's vertically integrated operations, which incorporate the company's fairness to farmers program and emphasize sustainability throughout, cover each step in the stevia and monk fruit supply chains, including non-GMO (non-genetically modified organism) seed and seedling breeding, natural propagation, growth and harvest, proprietary extraction and refining, and marketing and distribution of the finished products. Additionally, to further meet the varied needs of the food and beverage industry, GLG, through its Naturals+ product line, supplies a host of complementary ingredients reliably sourced through its supplier network in China.

We seek Safe Harbor.