HONG KONG, CHINA - Media OutReach - 18 August 2020 - KerryLogistics Network Limited ('Kerry Logistics'; Stock Code 0636.HK) is pleased toannounce that Kerry Apex, its indirect wholly-owned subsidiary, was the numberone non-vessel operating common carrier ('NVOCC') from Asia to the US fromJanuary through July 2020, supported by a well-positioned team in SoutheastAsia to capture the export volume shift from China to Asia.

KerryApex was the third largest NVOCC in terms of volume from Asia to the US in2019. In the first seven months of 2020, Kerry Apex outperformed the market byrecording a 6% growth in volume against the market trend of a 7% contraction inthe same period.

KerryApex shot to the top spot through capturing the volume shift from China toSoutheast Asia by a strong regional team perfectly situated to handle thevolume surge, earning additional origin-controlled shipments and winning newcustomers, on top of the increased demand from existing customers who restockedtheir inventory. Kerry Apex was also able to build on its long standing relationshipswith ocean-carrier partners who helped it to secure the space needed to moveits customers' freight from Asia to the US. Kerry Apex's achievement was madepossible by the tremendous support from within Kerry Logistics' global networkboth in origin and destination.

VickyCheung, Executive Director of Kerry Logistics Network, said, "We are gratifiedto see that the efforts of our team in Southeast Asia and the relationships wehave built with our partners have paid off. While the protracted US-China tradewar and the as-yet-uncontained COVID-19 pandemic are clouding the horizon, weare confident that we will maintain our leading position in ocean freight forthe rest of 2020."

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 57 countriesand territories, and is managing 75 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 2019-2020.