KLN Logistics Group Limited — Share Issue/Capital Change 2016

Jun 24, 2016

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 Board of Directors (the “Board”) of Vitasoy International Holdings Limited (the “Company”) announces that on 24th June, 2016, the Company offered to grant a total of 3,516,000 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 Option Scheme”). The Share Options shall entitle the Grantees to subscribe for a total of 3,516,000 ordinary shares (each a “Share”) of the Company. A summary of such grant is set out below:

Date of grant : 24th June, 2016 (“Date of Grant”)

Exercise price of Share Options : HK$14.792 per Share, which represents the higher of granted (i) the closing price of HK$13.700 per Share as stated in the daily quotations sheet of The Stock Exchange of Hong Kong Limited (the "Stock Exchange") on 24th June, 2016, being the Date of Grant; and (ii) the average closing price of HK$14.792 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 : 3,516,000 share options

Closing price of the Shares on the : HK$13.700 per Share Date of Grant

Validity period of the Share : 10 years from 24th June, 2016 to 23rd June, 2026 Options

Vesting condition :

Subject to a vesting scale in tranches of 25% each per annum starting from the first anniversary and fully vested in the fourth anniversary of the Date of Grant.

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Among the total of 3,516,000 Share Options granted, 1,278,000 share options were granted to Mr. Roberto GUIDETTI, the Executive Director and Group Chief Executive Officer of the Company.

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

Hong Kong, 24th June, 2016

As at the date of this announcement, Mr. Winston Yau-lai Lo and Mr. Roberto Guidetti are executive directors. Ms. Myrna Mo-ching Lo and Ms. Yvonne Mo-ling Lo are non-executive directors. Dr. the Hon. Sir David Kwok-po Li, Mr. Jan P. S. Erlund, Mr. Valiant Kin-piu Cheung and Mr. Anthony John Liddell Nightingale are independent non-executive directors.

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