Letter of Undertaking

Hongan Internationai Investment Company Limited (the "Offeror") P.O. Box 957
Offshore Incorporations Centre
Road Town, Tortola
British Virgin Isiands

and

Yantai North Andre Juice Co., Ltd.

No. 18 Andre Avenue

Muping Economie Deveiopment Zone
Yantai City, Shandong Province, the PRC

Re: Yantai North Andre Juice Co., Ltd. ("Your Company")

I, Liu Tsung-Yi, holder of Taiwan Civil Government identity card number of [D120100694], with residentiai address of [No. 19, Alley l, Lane 116, Zhuang 1st Street, Taoyuan City, Taoyuan County 330, Taiwan], as at today, beneficially holds an aggregate of 195,400 H shares of RMBl.OO each (each, a "Share") of Your Company (the "Shares"), representing approximately 0.048% of the total issued share capitai of Your Company.
I understand that the Offeror proposes to make mandatory generai offers in cash for all the issued securities of Your Company other than those aiready owned or agreed to be acquired by the Offeror and the parties acting in concert with it (the "Generai Offer"). Pursuant to the Generai Offer, the Offeror will make an offer at HK$1.78 for each Share (the "Share Offer").
With respect to the Generai Offer, I hereby unconditionally and irrevocabiy undertakes to the Offeror and Your Company that:-
(l) I will not accept the Share Offer or sell any ofthe Shares to the Offeror or parties acting in concert with it under the Share Offer;

(2) I will not take any other action to make the Shares available for acceptance of the Share Offer; and

,...

(3) . I shall keep the Shares and will not sell, transfer, dispose of any Share to the Offeror or other third parties otherwise create any interest on the Shares before the close of the Generai Offer.

This letter of undertaking shall be governed by and construed in accordance with the laws ofHong Kong Special Administrative Region ofthe People's Republic ofChina and each party hereby submits to the non-exclusive jurisdiction of the courts of Hong Kong Special Administrative Region ofthe People's Republic ofChina as regards any claim or matter arising under this letter of undertaking.

This letter of undertaking is to be executed as a deed. Dated the 1 day of Ociober , 2013

SIGNED, SEALED and DELIVERED )

)

by Liu Tsung-Yi

in the presence of :-

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