KLN Logistics Group Limited — Capital/Financing Update 2021

Aug 24, 2021

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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(Incorporated in Hong Kong with limited liability) (Stock code: 345)

GRANT OF SHARE OPTIONS

This announcement is made pursuant to Rule 17.06A of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Listing Rules”).

The Board of Directors (the “Board”) of Vitasoy International Holdings Limited (the “Company”) announces that on 24th August 2021, the Company offered to grant a total of 2,902,000 share options (the “Share Options”) to an Executive Director and certain employees of the Company (the “Grantees”), subject to acceptance of the Grantees, under the share option scheme of the Company adopted on 28th August, 2012. The Share Options shall entitle the Grantees to subscribe for a total of 2,902,000 ordinary shares (each a “Share”) of the Company. A summary of such grant is set out below:

Date of grant : 24th August 2021 (“Date of Grant”) Exercise price of Share Options : HK$19.50 per Share, which represents the higher of granted (i) the closing price of HK$19.16 per Share as stated in the daily quotations sheet of The Stock Exchange of Hong Kong Limited (the "Stock Exchange") on 24th August 2021, being the Date of Grant; and (ii) the average closing price of HK$19.50 per Share as stated in the daily quotations sheet of the Stock Exchange for the five business days immediately preceding the Date of Grant.

Number of Share Options granted : 2,902,000 share options

Closing price of the Shares on the : HK$19.16 per Share Date of Grant

Validity period of the Share : 10 years from 24th August 2021 to 23rd August Options 2031 Vesting condition : Subject to a vesting scale in tranches of 25% each per annum starting from 18th June 2022 and fully vested from 18th June 2025.

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Among the total of 2,902,000 Share Options granted, 814,000 share options were granted to Mr. Roberto GUIDETTI, the Executive Director and Group Chief Executive Officer of the Company. The grant of share options to Mr. Guidetti has been reviewed and approved by the Independent Non-executive Directors in accordance with Rule 17.04(1) of the Listing Rules.

Save as disclosed above, none of the Grantees is a Director, chief executive or substantial shareholder of the Company, or any of their respective associate(s) (as defined in the Listing Rules).

By Order of the Board Winston Yau-lai LO Executive Chairman

Hong Kong, 24th August 2021

As at the date of this announcement, Mr. Winston Yau-lai LO, Mr. Roberto GUIDETTI and Mr. Eugene LYE are executive directors. Ms. Yvonne Mo-ling LO, Mr. Peter Tak-shing LO and Ms. May LO are non-executive directors. Dr. the Hon. Sir David Kwok-po LI, Mr. Jan P. S. ERLUND, Mr. Anthony John Liddell NIGHTINGALE, Mr. Paul Jeremy BROUGH and Dr. Roy Chi-ping CHUNG are independent non-executive directors.

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