Master Kong

Tingyi (Cayman Islands) Holding Corp. (the "Company") and its subsidiaries (the "Group") are principally engaged in the production and sales of instant noodles, beverages, and convenient foods in China. The Group started producing instant noodles in 1992 and expanded its business to convenient foods and beverages in 1996. In March 2012, the Group further expanded its beverage business scope, completed a strategic alliance with PepsiCo's China beverage business, and began to be responsible for manufacturing, filling, packaging, sales, and distribution of PepsiCo's non-alcoholic beverages in China. At present, all of the Group's products occupy a significant market position in China's food market. According to the retail market research report of AC Nielsen in December 2014, based on sales volume, from January to December 2016, the Group's market share in instant noodles, ready-to-drink tea, and egg rolls was 42.9%, 53.2%, and 15.1%, respectively, firmly leading the market. According to Canadean data from December 2016, Pepsi carbonated beverages sold 30.6% of the market share in 2016. "Master Kong", as a household brand in China, has been deeply loved and supported by Chinese consumers after years of cultivation and accumulation. The Group continuously improves its nationwide sales network, enabling new products to launch quickly and effectively, keeping its products in a leading position. As of the end of December 2016, the Group had a total of 598 sales offices and 69 warehouses to serve 33,653 distributors and 116,222 direct retailers. The Company was listed on The Stock Exchange of Hong Kong Limited in February 1996. As of December 31, 2016, the Company's market value was USD 6.75 billion. Currently, the Company is a constituent stock of the MSCI Hong Kong Index and the Hang Seng China (Hong Kong-listed) 100 Index. Since 2008, Tingyi Holding has been rated as one of Forbes' "Asia's 50 Best" listed companies for six consecutive years due to its solid financial record and excellent management and entrepreneurial skills. In the future, the Group will continue to focus on food manufacturing, marketing, and distribution, and further strengthen its distribution channels and sales network.