1. PROPOSED CHANGE OF COMPANY NAME AND ADOPTION OF CHINESE SECONDARY NAME

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1 Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, makes no representation as to its accuracy or completeness and expressly disclaims 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: 0176) (1) PROPOSED CHANGE OF COMPANY NAME AND ADOPTION OF CHINESE SECONDARY NAME (2) PROSPOSED ADOPTION OF NEW BYE-LAWS (3) PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL (4) PROPOSED ADOPTION OF SHARE OPTION SCHEME 1. PROPOSED CHANGE OF COMPANY NAME AND ADOPTION OF CHINESE SECONDARY NAME The Board proposes to change the English name of the Company from United Pacific Industries Limited to Superactive Group Company Limited and to adopt and register the Chinese name of as the secondary name of the Company. 2. PROPOSED ADOPTION OF NEW BYE-LAWS The Board proposes to adopt new Bye-laws in place of the existing Bye-laws in order to bring the constitution of the Company in line with the amendments to the Listing Rules and the Bermuda laws since it was last amended in August PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL The Board proposes to increase the authorised share capital of the Company from HK$150,000,000 divided into 1,500,000,000 Shares of HK$0.10 each to HK$1,500,000,000 divided into 15,000,000,000 Shares of HK$0.10 each by the creation of 13,500,000,000 new Shares of HK$0.10 each, and all of the Shares are to be ranked pari passu in all respects with each other. The proposed increase will enable to Company to accommodate future expansion and growth of the Group and to cater for possible issue of new Shares in the future. 1

2 4. PROPOSED ADOPTION OF THE SHARE OPTION SCHEME The Board is pleased to announce that, for the purpose of recognizing, motivating and providing incentives to those who make contributions to the Group and attracting and retaining the best available personnel and providing additional incentive to the participants to promote the success of the business of the Group, the Board proposed to adopt the Share Option Scheme pursuant to Chapter 17 of the Listing Rules. 5. GENERAL The AGM will be convened to consider and, if thought fit, approve, among others, the Proposals. Further details of the Proposals together with a notice convening the AGM will be set out in a circular to be despatched to the Shareholders in due course. 1. PROPOSED CHANGE OF COMPANY NAME AND ADOPTION OF CHINESE SECONDARY NAME The Board proposes to change the English name of the Company from United Pacific Industries Limited to Superactive Group Company Limited and to adopt and register the Chinese name of as the secondary name of the Company. Reasons for the Change of Company Name The Board considers that the Change of Company Name will symbolize a new start and reflect the current status of the Group and its direction of future development. The Board believes that the new English and Chinese names of the Company will provide the Company with a new corporate image which will benefit the Company s future business development. As such, the Board believes that the change is in the best interests of the Company and the Shareholders as a whole. Conditions of the Change of Company Name The Change of Company Name will be subject to the following conditions: 1. the passing of a special resolution by the Shareholders approving the Change of Company Name at the AGM to be held; and 2. the approval of the Registrar of Companies in Bermuda having been obtained for the Change of Company Name. 2

3 The relevant filings with the Registrar of Companies in Bermuda will be made after the passing of the special resolution at the AGM. Subject to satisfaction of the conditions set out above, the Change of Company Name will take effect from the date on which the Registrar of Companies in Bermuda enters the new name and the secondary name on the register in place of the existing name of the Company. Thereafter, the Company will carry out all necessary filling procedures with the Companies Registry in Hong Kong. Effects of the Change of Company Name The Change of Company Name will not affect any of the rights of the existing Shareholders. All existing share certificates of the Company in issue bearing the current name of the Company will, after the Change of Company Name becoming effective, continue to be evidence of title to the Shares and will continue to be valid for trading, settlement, registration and delivery for the same number of Shares in the new name of the Company. There will not be any arrangement for free exchange of the existing share certificates of the Company for new share certificates printed in the new name of the Company. Upon the Change of Company Name becoming effective, any new share certificates will be issued in the new names of the Company. The Company will make further announcement(s) on the Change of the Company Name and the effective dates of the Change of Company Name and the new stock short name of the Company under which the Shares will be traded on the Stock Exchange and the address of the new website of the Company as and when appropriate. The Change of Company Name will not affect the Company s daily business operation and its financial position. 2. PROPOSED ADOPTION OF THE NEW BYE-LAWS The Board proposes to adopt new Bye-laws in place of the existing Bye-laws in order to bring the constitution of the Company in line with the amendments to the Listing Rules and the Bermuda laws since it was last amended in August The adoption of the new Bye-laws is subject to the approval of Shareholders by way of a special resolution at the AGM. 3

4 The new Bye-laws are available only in English and the Chinese translation is for reference only. In case of any inconsistency, the English version of the new Bye-laws shall prevail. 3. PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL The Board proposes to increase the authorised share capital of the Company from HK$150,000,000 divided into 1,500,000,000 Shares of HK$0.10 each to HK$1,500,000,000 divided into 15,000,000,000 Shares of HK$0.10 each by the creation of 13,500,000,000 new Shares of HK$0.10 each, and all of the Shares are to be ranked pari passu in all respects with each other. The proposed increase will enable to Company to accommodate future expansion and growth of the Group and to cater for possible issue of new Shares in the future. As at the date of this announcement, the Company has no intention to issue any of the Shares which would constitute part of the proposed increase in its authorised share capital. The increase in the authorised share capital of the Company is conditional on the passing of an ordinary resolution by the Shareholders at the AGM. 4. ADOPTION OF THE SHARE OPTION SCHEME The Board is pleased to announce that, for the purpose of recognizing, motivating and providing incentives to those who make contributions to the Group and attracting and retaining the best available personnel and providing additional incentive to the participants to promote the success of the business of the Group, the Board proposed to adopt the Share Option Scheme pursuant to Chapter 17 of the Listing Rules. The Share Option Scheme is subject to, among other things, the passing of an ordinary resolution by the Shareholders at the AGM. GENERAL The AGM will be convened to consider and, if thought fit, approve, among others, the Proposals. Further details of the Proposals together with a notice convening the AGM will be set out in a circular to be despatched to the Shareholders in due course. 4

5 DEFINITION In this announcement, the following expressions shall have the meanings respectively set opposite them below unless the context requires otherwise: AGM Board Bye-laws Change of Company Name Companies Act Company Director(s) Group HK$ Hong Kong Increase in Authorised Share Capital the annual general meeting of the Company to be convened in 2017; the board of Directors; the bye-laws of the Company, as amended from time to time; the proposed change of the English name of the Company from United Pacific Industries Limited to Superactive Group Company Limited and to adopt and register the Chinese name of as the secondary name of the Company; the Companies Act 1981 of Bermuda; United Pacific Industries Limited, an exempted company incorporated in Bermuda with limited liability, the shares of which are listed on the main board of the Stock Exchange with stock code: 0176; the director(s) of the Company; the Company and its subsidiaries from time to time; Hong Kong dollars, the lawful currency of Hong Kong; the Hong Kong Special Administrative Region of the People s Republic of China; the proposed increase in the authorised share capital of the Company from HK$150,000,000 divided into 1,500,000,000 Shares of HK$0.10 each to HK$1,500,000,000 divided into 15,000,000,000 Shares of HK$0.10 each by the creation of 13,500,000,000 new Shares of HK$0.10 each ; 5

6 Listing Rules the Rules Governing the Listing of Securities on the Stock Exchange; Proposals the proposed Change of Company Name, the proposed adoption of new Bye-laws, the Increase in Authorised Share Capital and the adoption of Share Option Scheme; Share(s) Share Option Scheme Shareholder(s) Stock Exchange share(s) of HK$0.10 each in the share capital of the Company; the share option scheme proposed to be adopted by the Company at the AGM; holder(s) of the Share(s); The Stock Exchange of Hong Kong Limited; % per cent. By Order of the Board United Pacific Industries Limited Yeung So Lai Executive Director Hong Kong, 5 April 2017 As at the date of this announcement, the executive Directors are Ms. Yeung So Lai and Mr. Lee Chi Shing Caesar; and the independent non-executive Directors are Mr. Chiu Sze Wai Wilfred, Mr. Chow Wai Leung William and Ms. Hu Gin Ing. 6