PRESS RELEASE AND MEDIA

Kerry Logistics Network Limited (‘KLN’; Stock Code 0636.HK) announced the acquisition of a majority stake in Pro-Med Technology Ltd (‘Pro-Med’), a supplier of rehabilitation equipment based in Hong Kong. This move will further broaden KLN’s exposure in the medical field and strengthen its service capability in the medical equipment distribution business under the Kerry Medical brand.

KLN will support Pro-Med to grow in the rehabilitation device sector with KLN’s resources, including those of Kerry Medical and Kerry Pharma, in terms of customer base, logistics and reputation as well as to maximise the synergy with other businesses under the Kerry Medical and Kerry Pharma brands.

Samuel Lau, Deputy Managing Director - Integrated Logistics of KLN, said, “To welcome Pro-Med to KLN marks our determination to expand in the healthcare sector. For the last two years, KLN’s strength in pharmaceutical and medical logistics was one of the reasons we were able to contribute to managing a global health crisis. We are eager to expand our portfolio in the distribution of medical equipment and we are looking to support Pro-Med’s regional expansion.”

With the addition of Pro-Med to its portfolio, KLN can further diversify its product offerings and extend into the service industry, as well as consumer use in elderly care by building another specialised pillar in rehabilitation, as well as widen the range of products it sells to hospitals and residential care homes in Hong Kong. Currently, Kerry Medical’s expertise lies in cardiovascular, surgical and medical consumables. Going forward, KLN will be responsible for the logistics of Pro-Med’s supplies, including international freight forwarding for importing devices and integrated logistics in Hong Kong and Macau.

Founded in 1999 and managed by registered physiotherapists, Pro-Med mainly supplies a wide range of innovative and high-quality rehabilitation equipment, technologies and solutions from renowned manufacturers from all over the world to hospitals and clinics, elderly centres, universities and fitness centres in Hong Kong.