TINGYI CAYMAN ISLANDS HOLDING CORP Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
(Stock Code: 0322) INSIDE INFORMATION AGREEMENT WITH STARBUCKS
This announcement is made by Tingyi (Cayman Islands) Holding Corp. (the "Company", together with its subsidiaries, the "Group") pursuant to the Inside Information Provisions (as defined in the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules")) under Part XIVA of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong) and Rule 13.09 of the Listing Rules.
On 18 March 2015, Tingyi-Asahi Beverages Holding Co., Ltd. ("TAB"), a subsidiary of the Company, entered into an agreement (the "Agreement") with Starbucks Corporation ("Starbucks") to manufacture and expand the distribution of Starbucks-branded ready-to-drink (RTD) products in mainland China. According to the Agreement, TAB will manufacture and sell Starbucks-branded RTD products, with Starbucks being responsible for product development and brand operations. The Agreement leverages the respective strengths of Starbucks and the Group to bring the entire Starbucks-branded RTD portfolio to customers as well as the ability to innovate specifically for the China market.
Hong Kong, 19 March 2015
On behalf of the Board
Chairman
As at the date of this announcement, Mr. Wei Ing-Chou, Mr. Junichiro Ida, Mr. Wu Chung-Yi, Mr. Nagano Teruo and Mr. Wei Hong-Ming are executive directors of the Company. Mr. Hsu Shin-Chun, Mr. Lee Tiong-Hock and Mr. Hiromu Fukada are independent non-executive directors of the Company.
Website: http://www.masterkong.com.cn
http://www.irasia.com/listco/hk/tingyi
|
distributed by
|
