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Investor Presentaiton

LAG-3 Cluster: IBI-110 (LAG-3 mAb) and IBI-323 (PD-L1/LAG-3 Bispecific Antibody) IBI-110 Clinical Highlights Promising preliminary results in Phase 1a and 1b Well tolerated. No DLT observed Good safety profile. TRAE mostly grade 1-2. Anti-tumor activity observed in both monotherapy and combo therapy in Phase 1 Plan to release data in 2021 • • IBI-323 Preclinical Highlights Dual blockade of LAG-3 and PD-L1. Blocking LAG-3 can also inhibit the negative regulatory effect of Treg's, with a stronger and longer-lasting T- cell activity potential than single target. With bridging effect as bispecific antibody, tumor cells expressing PD-L1 can be closer to T cells expressing LAG-3, thus forming a stable TCR:MHC immune synapse that further activates T cells. IBI-110 Development Program Overview IBI-323 Development Program Overview Clinical Completed patient enrolment for Phase 1a trial in 2020 Clinical • IND application approved for IBI-323 in advanced cancer in the second half of 2020. progress • Completed patient enrolment for Phase 1b trial in Jan 2021 progress Continue the development of IBI-110 in 2021 2021 plan 2021 plan • Get PoC data in 2021 Plan to start the patient enrolment of Phase 1 clinical study of IBI-323 in 2021. • Publish the Phase 1 data of IBI-110 at medical conference in 2021 Leading and highly differentiated position in LAG-3 with IBI-110 (LAG-3 mAb) moving fast to get PoC in 2021, and IBI-323 (PD-L1/LAG-3) in Phase 1 with novel biological mechanism and potential strong synergy. Innovent Confidential Copyright©2021 Innovent Biologics 26 26
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