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 wholly-owned subsidiaries

    1. Name of company : GLP Japan Development 3 Holdings Pte. Ltd. Country of Incorporation : Singapore

      Paid-up Capital : JPY10,000 Principal activities : Investment holding

    2. Name of company : GLP Japan Development 3 PE Pte. Ltd. Country of Incorporation : Singapore

      Paid-up Capital : JPY10,000 Principal activities : Investment holding

    3. Incorporation of an indirect subsidiary

      1. CLH 39 (HK) Limited, an indirect subsidiary of the Company, has incorporated a wholly-owned subsidiary known as Tianjin Pubin Industry and Science Development Co., Ltd. ("Tianjin Pubin"). Information relating to Tianjin Pubin is as follows:

        Name of company : Tianjin Pubin Industry and Science Development Co., Ltd. Country of Incorporation : China

        Registered Capital : USD39,303,400

        Principal activities : Provision of distribution facilities and services

      2. Acquisition of new indirect subsidiaries

        1. CLH 75 (HK) Limited, an indirect subsidiary of the Company, has acquired a 95% interest in a company known as Minshang No. 3 Network Industry Development Limited ("Minshang No. 3") for a consideration of RMB40,950,672 (the "Consideration"). Minshang No. 3 holds 100% interest in Uni-top Aviation Logistics (Nanning) Co., Ltd. ("Uni-top Nanning"). Information relating to Minshang No. 3 and Uni-top Nanning are as follows:

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

          Paid-up Capital : RMB33,870,000 Principal activities : Investment Holding

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

          Registered Capital : USD11,000,000

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

          As at 31 August 2016, the consolidated book value and net tangible asset value of the 95% interest in Minshang No. 3 was RMB32,334,059.34.

          Following the acquisition, each Minshang No. 3 and Uni-top Nanning 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

          10 November 2016

        Global Logistic Properties Limited published this content on 10 November 2016 and is solely responsible for the information contained herein.
        Distributed by Public, unedited and unaltered, on 10 November 2016 10:29:07 UTC.

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