Kerry Logistics Awarded Frost & Sullivan's Asia Pacific Regional E-Commerce Logistics Service Provider of the Year

Hong Kong, 18 October 2017

Kerry Logistics Network Limited ('Kerry Logistics'; Stock Code 636.HK) is pleased to announce that its subsidiary, Kerry Express, has been named the Asia Pacific Regional E-Commerce Logistics Service Provider of the Year at the 2017 Frost & Sullivan Asia Pacific Best Practices Awards ('the Awards').

Organised annually by global business consulting firm Frost & Sullivan, the Awards recognise best-in-class companies in the Asia Pacific for their outstanding achievements and performance in areas such as leadership, technological innovation, customer service, and strategic product development. The results were measured by industry analysts through in-depth interviews, analysis, and extensive secondary research to identify the best practices in each field. The selection of award recipients was based on a set of parameters including revenue growth, market share, leadership, and business strategy.

"We are delighted to earn such a prestigious honour from Frost & Sullivan for our express operation," said Alex Ng, Executive Director of Kerry Express. "We wish to thank Frost & Sullivan and the industry analysts for the recognition, and our express team for their hard work and support. The accolade is a testament to our dedication in providing reliable and cost-effective B2C/ C2C e-commerce solutions to some of the biggest e-retailers and small sellers on social media in the region. Leveraging the booming e-commerce and cross-border activities in Asia and across the globe, we will continue to focus on bringing innovative and flexible e-fulfillment solutions to our customers."

Kerry Logistics' expansive express network covers Hong Kong, Taiwan, Thailand, Vietnam, Malaysia, and Cambodia. To further strengthen its service capability and coverage, Kerry Logistics formed a joint venture in 2017 Q2 with a local express operator in Indonesia to tap into the booming local express market. Singapore will be the next target for expansion.

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About Kerry Logistics Network Limited (Stock Code 636.HK)
Kerry Logistics is an Asia-based, global 3PL with the strongest network in Asia. Its core competency is providing highly customised solutions to multinational corporations and international brands to enhance their supply chain efficiency, reduce overall costs and improve response time to market. It currently has more than 1,000 service points in 51 countries and territories, and is managing 48 million sq ft of land and logistics facilities worldwide, providing customers with high reliability and flexibility to support their expansion and long-term growth. Kerry Logistics Network Limited is listed on the Main Board of the Hong Kong Stock Exchange and is a selected Member of the Hang Seng Corporate Sustainability Index Series 2017-2018.

About Frost & Sullivan
Frost & Sullivan, founded in 1961, has more than 40 global offices with more than 1,800 industry consultants, market research analysts, technology analysts and economists, monitoring close to 250,000 companies in 300 industries. It is a growth partnership company focused on helping its clients achieve transformational growth as they work through an economic environment dominated by accelerating change, increasing risk and the powerful disruptive impact of the conversion of new business models, disruptive technologies and mega trends on their industry. The Frost & Sullivan Asia Pacific Best Practices Awards has identified many outstanding companies from the Automotive, Energy, Building & Environment industries to the Healthcare, Information Communication Technologies and Logistics sectors in the Asia Pacific.