Bon Natural Life Limited Announces Pricing of Upsized $11 Million Initial Public Offering Xian, China

Natural Life Limited Announces Pricing of Upsized $11 Million Initial Public Offering

China, June 23, 2021 - Bon Natural Life Limited (Nasdaq: BON) ("BON" or the "Company"), one of the leading

bio-ingredient solutions providers in the natural, health and personal care industries, today announced the pricing of its firm commitment

initial public offering of 2,200,000 ordinary shares, par value US$0.0001 per share (the "Shares") at a public offering price

of $5.00 per Share (the "Offering"), for total gross proceeds of $11.0 million, before deducting underwriting discounts,

commissions and other related expenses. In addition, BON has granted the underwriters a 45-day option to purchase up to an additional

330,000 Shares at the public offering price, less underwriting discount and commissions. The Shares are expected to begin trading on

the Nasdaq Capital Market under the ticker symbol "BON" on June 24, 2021. The Offering is expected to close on or about June

28, 2021, subject to the satisfaction of customary closing conditions.

Company intends to use the proceeds for working capital, to expand their sales and distribution network, research and development, and

to expand production capacity.

Tiger Securities, Inc. and Newbridge Securities Corporation are acting as co-lead book running managers, and R.F. Lafferty & Co.

Inc. is acting as the joint lead book running manager.

Company's securities described above are being offered pursuant to an effective registration statement on Form F-1 (SEC File No.

333-251182), that was previously filed with the Securities and Exchange Commission ("SEC") on May 14, 2021, subsequently

amended and declared effective on June 23, 2021, a copy of which has been filed with the SEC and is available on the SEC's website

at www.sec.gov. The Offering is being made only by means of such prospectus.

press release contains information about the pending Offering of securities, and there can be no assurance that the Offering will be

press release shall not constitute an offer to sell, or the solicitation of an offer to buy, nor may there be any sale of these securities

in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under

the securities laws of any such state or jurisdiction.

Bon Natural Life Limited

Company focuses on the manufacturing of personal care ingredients, such as plant extracted fragrance compounds for perfume and fragrance

manufacturers, natural health supplements such as powder drinks and bioactive food ingredient products mostly used as food additives

and nutritional supplements by their customers. For additional information, please visit the Company's website at www.bnlus.com.

press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking

statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions

and other statements that are other than statements of historical facts. When the Company uses words such as "may, "will,

"intend," "should," "believe," "expect," "anticipate," "project,"

"estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements.

Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results

to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject

to uncertainties and risks including, but not limited to, the following: the Company's goals and strategies; the Company's

future business development; product and service demand and acceptance; changes in technology; economic conditions; the growth of the

natural, health and personal care market in China and the other international markets the Company plans to serve; reputation and brand;

the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in China and

the international markets the Company plans to serve and assumptions underlying or related to any of the foregoing and other risks contained

in reports filed by the Company with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon

any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which

are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements

to reflect events or circumstances that arise after the date hereof.

more information, please contact: