HONG KONG, CHINA - Media OutReach - 7 May 2019 - Kerry Logistics Network Limited ('Kerry Logistics'; Stock Code 0636.HK) has expanded its food-related cold chain capability in Mainland China through the establishment of Kerry Cold Chain Solution Ltd ('Kerry Cold Chain'), to tap into the fast-growing domestic market of niche food products.

Kerry Cold Chain is a joint venture company formed with Shanghai Zhizhen Logistics Co Ltd ('Zhizhen Logistics') in which Kerry Logistics holds the majority interest. It provides comprehensive integrated cold chain logistics solutions from upstream to downstream. Using self-owned cold chain facilities and partnering with local expertise, Kerry Cold Chain will handle a wide range of food products, from raw ingredients to dairy product additives.

Edwardo Erni, Managing Director - China and North Asia of KerryLogistics, said, "The market for food-related cold chain logistics in Mainland Chinais immense with enormous growth potential. There is also ample room fortechnological growth to reach international standards. Intending to fill a gapin the market, we welcome the collaboration with Zhizhen Logistics, which marksan important strategic step for Kerry Logistics to extend its footprint in thedomestic cold chain logistics market, enhancing our service offerings andcompetitiveness."

KerryCold Chain currently operates more than 1 million sq ft of ambient and coldchain facilities in China, including a temperature-controlled facility of over50,000 sq ft in Shanghai featuring automated storage and retrieval systems.

Foundedin 2008, ZhizhenLogistics serves the logistics needs of both domestic andinternational customers from locations across Chinaincluding Beijing, Tianjin, Wuhan, Guangzhou, and Shenzhen. It commands a 90%market share for imported food essences in the Shanghai region.

With awealth of experience in cold chain logistics, Kerry Logistics offers seamlessF&B solutions with complete cold chain integrity to food chain stores and restaurantsin Hong Kong as well as hypermarkets and frozen food retailers in Taiwan. The Groupalso runs cold chain facilities of 70,000 sq ft in Oceania, serving supermarketchains, convenience stores, independent retailers, and food importers.

About Kerry Logistics Network Limited (Stock Code 0636.HK)

Kerry Logistics is an Asia-based, global 3PLwith the strongest network in Asia. Its core competency is providing highlycustomised solutions to multinational corporations and international brands toenhance their supply chain efficiency, reduce overall costs, and improveresponse time to market. Kerry Logistics has a network covering 53 countriesand territories, and is managing 60 million sq ft of land and logisticsfacilities worldwide, providing customers with high reliability and flexibilityto support their expansion and long-term growth. Kerry Logistics NetworkLimited is listed on the Main Board of the Hong Kong Stock Exchange and is aselected Member of the Hang Seng Corporate Sustainability Index Series 2017-2018.