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 indirect subsidiaries

    1. CLF2 Investment Holding (Shanghai) Co., Ltd., an indirect subsidiary of the Company, has incorporated a wholly-owned subsidiary known as Wuhan Pudong Modern Logistic Park Co., Limited ("Wuhan Pudong"). Information relating to Wuhan Pudong is as follows:

      Name of company : Wuhan Pudong Modern Logistic Park Co., Limited Country of Incorporation : China

      Registered Capital : RMB144,000,000

      Principal activities : Provision of distribution facilities and services

    2. CLH 48 (HK) Limited, an indirect subsidiary of the Company, has incorporated a wholly-owned subsidiary known as Wuxi Pucheng Energy Saving Technology Industrial Development Co., Ltd. ("Wuxi Pucheng"). Information relating to Wuxi Pucheng is as follows:

      Name of company : Wuxi Pucheng Energy Saving Technology Industrial Development Co., Ltd. Country of Incorporation : China

      Registered Capital : USD140,000,000

      Principal activities : Provision of distribution facilities and services

    3. Global Logistic Properties Investment Management (China) Co., Ltd., an indirect subsidiary of the Company, has incorporated a wholly-owned subsidiary known as GLP Enterprise Management Service (Shanghai) Co., Ltd. ("GLP Enterprise Management"). Information relating to GLP Enterprise Management is as follows:

      Name of company : GLP Enterprise Management Service (Shanghai) Co., Ltd. Country of Incorporation : China

      Registered Capital : RMB5,000,000

      Principal activities : Investment and asset management

    4. GLP Capital Holdings (Chongqing) Limited, an indirect subsidiary of the Company, has incorporated a wholly- owned subsidiary known as GLP Commercial Factoring (Chongqing) Co., Ltd. ("GLP Commercial Factoring"). Information relating to GLP Commercial Factoring is as follows:

      Name of company : GLP Commercial Factoring (Chongqing) Co., Ltd. Country of Incorporation : China

      Registered Capital : RMB50,000,000

      Principal activities : Factoring and related services

    5. Acquisition of a new indirect subsidiary

      1. CLF2 Investment Holding (Shanghai) Co., Ltd., an indirect subsidiary of the Company, has acquired a wholly-owned subsidiary known as Beijing Shunyi Hi-Tech Logistics Facilities Co., Ltd. ("Beijing Shunyi") for a consideration of RMB158,300,000 (the "Consideration"). Information relating to Beijing Shunyi is as follows:

        2. Name of company : Beijing Shunyi Hi-Tech Logistics Facilities Co., Ltd. Country of Incorporation : China

        Registered Capital : RMB141,347,225

        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 Beijing Shunyi at the time of the acquisition and was funded by internal resources.

        As at 30 June 2016, the consolidated book value and net tangible asset value of Beijing Shunyi was RMB66,865,002. The book value is based on People's Republic of China's Accounting Standards for Business Enterprises, which requires properties to be stated at historical depreciated cost. The consideration paid was based on recent third party appraisal of the value of the property, among other factors.

        Following the acquisition, Beijing Shunyi will become an indirect subsidiary 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

        17 August 2016

      Global Logistic Properties Limited published this content on 17 August 2016 and is solely responsible for the information contained herein.
      Distributed by Public, unedited and unaltered, on 17 August 2016 11:00:02 UTC.

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