Labixiaoxin Snacks Group Limited — Capital/Financing Update 2012

Jan 3, 2012

Unless otherwise defined in this announcement, terms defined in the prospectus dated 29 November 2011 issued by China Lifestyle Food and Beverages Group Limited (the “Company”) have the same meaning when used in this announcement.

This announcement is for information purposes only and the information contained herein does not constitute an offer of securities for sale in the United States. Securities may not be offered or sold in the United States except pursuant to registration or an exemption from registration requirements under the United States Securities Act of 1933, as amended, or any state securities laws of the United States. There will not be and is not currently intended to be any public offering of securities in the United States.

Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited and Hong Kong Securities Clearing Company 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)

STABILIZING ACTIONS, END OF STABILIZATION PERIOD AND LAPSE OF OVER-ALLOTMENT OPTION

The Company announces that the stabilization period in connection with the Global Offering ended on 30 December 2011, being the last trading day before the 30[th] day after the last day for lodging of applications under the Hong Kong Public Offering.

In connection with the over-allocations of an aggregate of 42,300,000 Shares in the International Offering representing 15% of the number of the Offer Shares initially available under the Global Offering before any exercise of the Over-allotment Option, the stabilizing actions undertaken by the Stabilizing Manager during the stabilization period were:

• (1) the borrowing of an aggregate of 42,300,000 Shares by the Stabilizing Manager from Alliance Holding pursuant to the Stock Borrowing Agreement; and

• (2) successive market purchases of a total of 42,300,000 Shares at the price of HK$2.65 per Share (excluding brokerage, stamp duty, SFC transaction levy and the Stock Exchange trading fee) during the stabilization period, and the last purchase in the open market in the course of the stabilization period was made on 9 December 2011 at the price of HK$2.65 per Share (excluding brokerage, stamp duty, SFC transaction levy and the Stock Exchange trading fee).

No Over-allotment Option had been exercised during the stabilisation period and the Overallotment Option lapsed on 1 January 2012.

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The Company makes this announcement pursuant to section 9(2) of the Securities and Futures (Price Stabilizing) Rules (Chapter 571W of the Laws of Hong Kong) and announces that the stabilization period in connection with the Global Offering ended on 30 December 2011, being the last trading day before the 30[th] day after the last day for lodging of applications under the Hong Kong Public Offering.

STABILIZING ACTIONS

In connection with the over-allocations of an aggregate of 42,300,000 Shares in the International Offering representing 15% of the number of the Offer Shares initially available under the Global Offering before any exercise of the Over-allotment Option, the stabilizing actions undertaken by the Stabilizing Manager during the stabilization period were:

• (1) the borrowing of an aggregate of 42,300,000 Shares by the Stabilizing Manager from Alliance Holding pursuant to the Stock Borrowing Agreement; and

• (2) successive market purchases of a total of 42,300,000 Shares at the price of HK$2.65 per Share (excluding brokerage, stamp duty, SFC transaction levy and the Stock Exchange trading fee) during the stabilization period, and the last purchase in the open market in the course of the stabilization period was made on 9 December 2011 at the price of HK$2.65 per Share (excluding brokerage, stamp duty, SFC transaction levy and the Stock Exchange trading fee).

No Over-allotment Option had been exercised during the stabilization period and the Overallotment Option lapsed on 1 January 2012.

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

Hong Kong, 3 January 2012

As at the date of this announcement, the Directors of the Company are Zheng Yu Long, Zheng Yu Shuang and Zheng Yu Huan as executive Directors, Li Gang and Li Hung Kong as non-executive Directors and Sun Kam Ching, Li Zhi Hai and Chung Yau Tong as independent non-executive Directors.

This announcement is available for viewing on the website of the Company at www.lbxxgroup.com and the website of the Stock Exchange at www.hkexnews.hk.

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