Labixiaoxin Snacks Group Limited — Capital/Financing Update 2012

Mar 30, 2012

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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China Lifestyle Food and Beverages Group Limited 中 國 休 閒 食 品 集 團 有 限 公 司

(Incorporated in Bermuda with limited liability)

(Stock Code: 1262)

GRANT OF SHARE OPTIONS

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

The board of directors (the ‘‘Board’’) of China Lifestyle Food and Beverages Group Limited (the ‘‘Company’’) announces that on 30 March 2012, the Company has granted a total of 15,000,000 share options (the ‘‘Share Options’’) to 16 employees of the Company (the ‘‘Grantees’’), subject to acceptance of the Grantee, to subscribe for a total number of 15,000,000 ordinary shares of US$0.05 each under the share option scheme (the ‘‘Share Option Scheme’’) adopted by the Company on 25 November 2011. None of the Grantees is a director, chief executive or substantial shareholder of the Company nor an associate (as defined in the Listing Rules) of any of them.

Details of the Share Options granted are as follows:

Date of Grant : 30 March 2012. Exercise price[Note] : HK$2.68 per Share. Closing price of the Shares on the : HK$2.68 per Share. Date of Grant Number of Share Options granted : 15,000,000 Share Options (each Share Option shall entitle the holder to subscribe for one Share). Validity period of the Share : The Share Options shall lapse at the end of 5 years Options after the acceptance by the Grantees of the Share Option granted.

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Vesting/Performance conditions

• : Vesting of the Share Options is conditional upon the achievement of certain performance targets as set out in the respective offer letters, including among others, achievement of strategic goals and financial and operational performance targets, during the vesting period and the exercise period of the Share Options.

• Note: The exercise price is the higher of (i) the official closing price of HK$2.68 per Share as stated in the daily quotations sheet issued by the Stock Exchange on the Date of Grant; (ii) the average official closing price of HK$2.67 per Share as stated in the daily quotations sheet issued by the Stock Exchange for the five business days immediately preceding the Date of Grant; and (iii) the nominal value of a Share.

The Shares Options granted to the Grantees are exercisable during the following periods:

• (i) the first 7,000,000 Share Options shall be exercisable from 31 March 2013 to 30 March 2017;

• (ii) the next 5,000,000 Share Options shall be exercisable from 31 March 2014 to 30 March 2017;

• (iii) the remaining 3,000,000 Share Options shall be exercisable from 31 March 2015 to 30 March 2017.

By order of the Board China Lifestyle Food and Beverages Group Limited Mr. Zheng Yu Long Chairman

Hong Kong, 30 March 2012

As at the date of this announcement, the board of directors of the Company comprises eight members, of which Zheng Yu Long, Zheng Yu Shuang and Zheng Yu Huan are the executive directors of the Company, Li Hung Kong and Li Gang are the non-executive directors of the Company and Li Zhi Hai, Sun Kam Ching and Chung Yau Tong are the independent nonexecutive directors of the Company.

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