WH : Subsidiaries Shuanghui Development and Smithfield Foods Report 2016 Interim Results, China and U.S. Businesses Show Clear Synergies with Continuous Improvements in Profitability

[For Immediate Release]

Hong Kong, August 16, 2016 - WH Group Limited ("WH Group") subsidiaries Henan Shuanghui Investment & Development Co., Ltd. ("Shuanghui Development"; Shenzhen Stock Exchange stock code: 000895) and Smithfield Foods, Inc. ("Smithfield") today announced their financial results for the six months ended June 30, 2016 and July 3, 2016, respectively.

During the period, Shuanghui Development processed 6.21 million hogs, representing an increase of 0.1% y-o-y. Total sales volume of meat products was 1.44 million metric tons, representing an increase of 11.2% y-o-y. Based on the China Accounting Standards for Business Enterprises, turnover of Shuanghui Development significantly rose 25.4% y-o-y to RMB25,529 million. Operating profit grew 9.5% y-o-y to RMB2,788 million. Net profit increased 8.4% y-o-y to RMB2,228 million.

With regard to Smithfield's interim results for 2016, hogs processed in the U.S. relatively unchanged y- o-y. Hogs processed outside the U.S. increased by 13% y-o-y. In terms of packaged meats sales in the U.S., volume remained stable. In accordance with U.S. GAAP, sales of Smithfield reached US$6,799 million during the period. Operating profit rose 19.5% to US$447 million. Operating margin improved by

1.3 percentage points to 6.6%. Net income increased 28.6% y-o-y to US$259 million.

WH Group Chairman and Chief Executive Officer Mr. Wan Long said. "In the first half of the year, WH Group's China and U.S. operations recorded a solid performance. This can be attributed to the deepening synergies between the China and U.S. businesses, and to taking advantage of China's consumption structure upgrade by expanding our sales channels and by optimizing our product portfolio in China. Also, the significant improvements in the U.S. operations brought about by the 'One Smithfield' program have played a major role. The Company is confident that its global industry value chain will give it the business edge to drive growth. The Company will push forward the transformation and optimization of its product structure and will deepen the synergies between the China and U.S. businesses with a view to improving operational efficiency, enhancing profitability and strengthening and expanding its leading position in the global market. Corporate values will be enhanced through solid results and continuous growth, creating better returns for our shareholders."

For more information, please refer to the announcements published on Shenzhen Stock Exchange's website (www.szse.cn) and Smithfield's website (www.smithfieldfoods.com/investor-relations).

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WH Group Limited is the largest pork company in the world with the top market share in China, the U.S. and some markets in Europe. It owns many well-recognized and trusted brands and stands above the rest with global market leadership in all key segments of the pork value chain, including packaged meats, fresh pork and hog production. The Group conducts its operations through Henan Shuanghui Investment

& Development Co., Ltd., the largest animal protein company in Asia, and Smithfield Foods, the largest pork company in the U.S. For more information, visit www.wh-group.com.

Founded in 1998, Henan Shuanghui Investment & Development Co., Ltd. is the largest animal protein company in Asia. Shuanghui Development is committed to providing customers with quality food products, which mainly include chilled fresh pork and packaged meat products such as high temperature and low temperature meat products. It represents the leading brand in packaged meat and fresh pork products in China. Shuanghui Development was listed on the Shenzhen Stock Exchange on December 10, 1998, stock code: 000895. For more information, please visit: www.shuanghui.net.

Smithfield Foods is a $15 billion global food company and the world's largest pork processor and hog producer. In the United States, the company is also the leader in numerous packaged meats categories with popular brands including Smithfield®, Eckrich®, Farmland®, Armour®, Cook's®, John Morrell®, Gwaltney®, Nathan's Famous®, Kretschmar®, Margherita®, Curly's®, Carando® and Healthy Ones®. Smithfield Foods is committed to providing good food in a responsible way and maintains robust animal care, community involvement, employee safety, environmental and food safety and quality programs. For more information, visit www.smithfieldfoods.com and www.smithfieldfoods.com/responsible-operations.

For media enquiries Hill+Knowlton Strategies Benny Liu / Renee Chen

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WH Group Luis Chein

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luis.chein@wh-group.com