Natural Food International Holding Limited announces its subscription results Offer Price set at HK$1.62 per Offer Share

HONG
KONG, CHINA – Media OutReach – 11 December 2018 – Natural Food International Holding Limited (“Natural Food
International”, together with its subsidiaries, the “Group”; stock code: 1837), a natural health food
company in China, announced
the subscription results for its shares (the “Shares”) under the public offer
(the “Public Offer”) and placing (the “Placing”, collectively, the “Share
Offer”). The Shares under the Public Offer have
been over-subscribed by approximately 0.44 times. The Offer Price per Share has been set at HK$1.62 per Offer Share. Dealings in the Shares on the Main Board of
The Stock Exchange of Hong Kong Limited (“SEHK”) is expected to commence on 12 December
2018 (Wednesday).

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Based
on the final Offer
Price of
HK$1.62 per Offer
Share, the net
proceeds from the Share Offer to be received by the Company (after deducting
underwriting fees and estimated expenses in connection with the Share
Offer) is
estimated to be approximately HK$609.2 million.

 

Natural Food International intends to use these net proceeds
for the following purposes: 1) approximately 35% to
enhance its integrated distribution platform and optimize its channel mix; 2)
approximately 60% for the construction of its new Nansha Manufacturing Facility
in Guangzhou, Guangdong Province and the procurement of machinery and equipment
for this planned processing facility; 3) approximately 5% for its working
capital and general corporate purposes.

 

China International Capital Corporation
Hong Kong Securities
Limited and CMBC International Capital Limited are the Joint Sponsors. China
International Capital Corporation Hong Kong Securities Limited and CMBC
Securities Company Limited are the Joint Global Coordinators. China
International Capital Corporation Hong Kong Securities Limited, CMBC Securities
Company Limited, Haitong International Securities Company Limited and Bluestone
Securities (HK) Co., Limited are the Joint Bookrunners and Joint Lead Managers.

 

Ms. GUI Changqing, Chairman and executive Director of Natural
Food International Holding Limited, said, “We believe that the result
of the Share Offer has
affirmed
market’s recognition of the Group’s future prospects. Listing on the Main Board of SEHK
enables the Group to
further enhance its integrated distribution platform, strengthen its brand
equity and capture greater market opportunities in the natural health food industry.”

About the Group

Natural Food
International Holding Limited is the second largest natural health food company in China
as measured by retail sales value in 2017, according to Frost & Sullivan.
Its “Wugu Mofang”(????) brand is the most widely-recognized natural
health food brand in China and ranked first in terms of
top-of-mind brand awareness and customer satisfaction among all the natural
health food brands in China and as the most frequently consumed brand among all
the natural health food products in China, according to Frost & Sullivan Survey.
Infused with modern nutrition science and food processing technologies, its extensive diversified
product portfolio includes approximately 90 types of products.

 

As of June 30, 2018, the Group has an
offline network of 3,916 concessionary counters, and distributes its products
through major e-commerce platforms, such as Tmall, JD.com and Vipshop.com, as
well as WeChat member store.