KLN Logistics Group Limited — Capital/Financing Update 2021

Sep 27, 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 the British Virgin Islands and continued into Bermuda as an exempted company with limited liability)

Stock Code 636

COMPLETION OF THE TAIWAN BUSINESS SALE

Reference is made to the circular of the Company dated 3 May 2021 (the “Circular”) in relation to the Taiwan Business Sale Agreement, and the announcement jointly published by the Offeror and the Company on 16 September 2021 (the “Joint Announcement”). Unless the context otherwise stated, the capitalised terms used in this announcement shall have the same meanings as those defined in the Circular.

COMPLETION OF THE TAIWAN BUSINESS SALE

The Board is pleased to announce that as set out in the Joint Announcement, completion of the Taiwan Business Sale took place on 27 September 2021. The initial consideration has been fully paid by the Taiwan Purchaser to the Taiwan Seller on the same date in accordance with the Taiwan Business Sale Agreement.

Following completion of the Taiwan Business Sale, the Taiwan Target Companies are no longer subsidiaries of the Company and the Taiwan Seller.

By Order of the Board Kerry Logistics Network Limited LEE Pui Nee Company Secretary

Hong Kong, 27 September 2021

As at the date of this announcement, the Directors are as follows:

Executive Directors:

Mr KUOK Khoon Hua, Mr MA Wing Kai William, Mr CHEUNG Ping Chuen Vicky and Mr NG Kin Hang

Independent Non‐executive Directors:

Ms KHOO Shulamite N K, Ms WONG Yu Pok Marina, Mr YEO Philip Liat Kok and Mr ZHANG Yi Kevin

This announcement is published on the websites of The Stock Exchange of Hong Kong Limited (www.hkexnews.hk) and the Company (www.kln.com).