Microsoft Word - Notification.072016.doc GLOBAL LOGISTIC PROPERTIES LIMITED

(Registration No. 200715832Z) (Incorporated in Singapore on August 28, 2007)

NOTIFICATION ON INDIRECT SUBSIDIARIES

Global Logistic Properties Limited (the "Company") wishes to announce the following:

  1. Incorporation of an indirect subsidiary

    1. GLP Capital Holdings (Hong Kong) Limited (formerly known as CLH 77 (HK) Limited), an indirect subsidiary of the Company, has incorporated a wholly-owned subsidiary known as GLP Capital Holdings (Chongqing) Limited ("GLP Capital Holdings Chongqing"). Information relating to GLP Capital Holdings Chongqing is as follows:

      Name of company : GLP Capital Holdings (Chongqing) Limited Country of Incorporation : China

      Registered Capital : USD150,000,000 Principal activities : Investment holding

    2. Acquisition of new indirect subsidiaries

      1. CLH 19 (HK) Limited, an indirect subsidiary of the Company, has acquired a 95% interest in a company known as Minshang No. 5 Network Industry Development Limited ("Minshang No. 5") for a consideration of RMB49,338,060 (the "Consideration"). Minshang No. 5 holds 100% interest in Uni-top Aviation Logistics (Wuxi) Co., Ltd. ("Uni-top Wuxi"). Information relating to Minshang No. 5 and Uni-top Wuxi are as follows:

        Name of company : Minshang No. 5 Network Industry Development Limited Country of Incorporation : Hong Kong

        Paid-up Capital : RMB46,941,000 Principal activities : Investment Holding

        Name of company : Uni-top Aviation Logistics (Wuxi) Co., Ltd. Country of Incorporation : China

        Registered Capital : USD30,000,000

        Principal activities : Provision of distribution facilities and services

        The Consideration was arrived at on a "willing-buyer willing-seller" basis after arm's length negotiations, taking into account the book value of Minshang No. 5 at the time of the acquisition and was funded by internal resources.

        As at 30 April 2016, the consolidated book value and net tangible asset value of the 95% interest in Minshang No. 5 based on People's Republic of China's Accounting Standards for Business Enterprises was RMB43,979,197.

        Following the acquisition, each Minshang No. 5 and Uni-top Wuxi will become indirect subsidiaries of the Company.

        The acquisition is not expected to have any material impact on the net tangible asset value and earnings per share of the Company for the financial year ending 31 March 2017.

        None of the directors or controlling shareholders of the Company has any interest, direct or indirect, in the above acquisition, save for their respective interest, through their shareholdings and/or directorships, as the case may be, in the Company.

      2. CLH 7 (HK) Limited, an indirect subsidiary of the Company, has acquired a 95% interest in a company known as Minshang No. 7 Network Industry Development Limited ("Minshang No. 7") for a consideration of RMB59,614,549 (the "Consideration"). Minshang No. 7 holds 100% interest in Uni-top Aviation Logistics (Xianyang) Co., Ltd. ("Uni-top Xianyang"). Information relating to Minshang No. 7 and Uni-top Xianyang are as follows:

        3. Name of company : Minshang No. 7 Network Industry Development Limited Country of Incorporation : Hong Kong

        Paid-up Capital : RMB51,001,000 Principal activities : Investment Holding

        Name of company : Uni-top Aviation Logistics (Xianyang) Co., Ltd. Country of Incorporation : China

        Registered Capital : RMB80,000,000

        Principal activities : Provision of distribution facilities and services

        The Consideration was arrived at on a "willing-buyer willing-seller" basis after arm's length negotiations, taking into account the book value of Minshang No. 7 at the time of the acquisition and was funded by internal resources.

        As at 31 May 2016, the consolidated book value and net tangible asset value of the 95% interest in Minshang No. 7 based on People's Republic of China's Accounting Standards for Business Enterprises was RMB50,845,564.

        Following the acquisition, each Minshang No. 7 and Uni-top Xianyang will become indirect subsidiaries of the Company.

        The acquisition is not expected to have any material impact on the net tangible asset value and earnings per share of the Company for the financial year ending 31 March 2017.

        None of the directors or controlling shareholders of the Company has any interest, direct or indirect, in the above acquisition, save for their respective interest, through their shareholdings and/or directorships, as the case may be, in the Company.

        By Order of the Board of

        GLOBAL LOGISTIC PROPERTIES LIMITED

        Fang Xie, Heather Chief Financial Officer

        14 July 2016

      Global Logistic Properties Limited published this content on 14 July 2016 and is solely responsible for the information contained herein.
      Distributed by Public, unedited and unaltered, on 14 July 2016 11:13:05 UTC.

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