Kerry Logistics Network : Change of Composition of the Remuneration Committee

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.

(Incorporated in the British Virgin Islands and continued into Bermuda as an exempted company with limited liability)

Stock Code 636

The board of directors (the "Board") of Kerry Logistics Network Limited (the "Company") announces the following changes with effect from 23 March 2017:

1. Mr MA Wing Kai William ("Mr Ma") has stepped down as a member of the remuneration committee of the Company (the "Remuneration Committee"); and

2. Mr KUOK Khoon Hua has been appointed as a member of the Remuneration Committee in place of Mr Ma.

Following the above‐mentioned changes, the Remuneration Committee will comprise of five (5) members, namely Mr WAN Kam To (as the chairman of the Remuneration Committee), Mr YEO George Yong‐boon, Mr KUOK Khoon Hua, Ms WONG Yu Pok Marina and Mr YEO Philip Liat Kok.

Mr Ma remains the Group Managing Director and an Executive Director of the Company.

Hong Kong, 23 March 2017

As at the date of this announcement, the Directors of the Company are:

By Order of the Board

Company Secretary

Executive Directors:

Mr YEO George Yong‐boon, Mr MA Wing Kai William, Mr ERNI Edwardo and Mr KUOK Khoon Hua

Non‐executive Director: Mr CHIN Siu Wa Alfred

Independent Non‐executive Directors:

Ms WONG Yu Pok Marina, Mr WAN Kam To and Mr YEO Philip Liat Kok

This announcement is published on the websites of The Stock Exchange of Hong Kong Limited (www.hkexnews.hk) and the Company (www.kerrylogistics.com).