PRESENTATION ON 2018 INTERIM RESULTS

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited takes 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. PRESENTATION ON 2018 INTERIM RESULTS A presentation in relation to the results of Tingyi (Cayman Islands) Holding Corp. and its subsidiaries for the Interim Results for the Six Months Ended 30th June 2018 is appended to this announcement. By order of the Board Tingyi (Cayman Islands) Holding Corp. Ip Pui Sum Company Secretary Hong Kong, 27 August 2018 As at the date of this announcement, Mr. Wei Ing-Chou, Mr. Junichiro Ida, Mr. Lin Chin-Tang, Mr. Nagano Teruo, Mr. Wei Hong-Ming and Mr. Koji Shinohara 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. * For identification purposes only website: http://www.masterkong.com.cn http://www.irasia.com/listco/hk/tingyi

Tingyi Holding Corp. 2018 Interim Results 27 August 2018

Disclaimer The information contained in this presentation is intended solely for your personal reference. Such information is subject to change without notice and no representation or warranty express or implied is made as to, and no reliance, should be placed on, the fairness, accuracy, completeness or correctness of the information contained in this presentation. This presentation does not intend to provide, and you may not rely on this presentation as providing, a complete or comprehensive analysis of the Company s financial or trading position or prospects. None of the Company nor any of its respective affiliates, advisors or representatives shall have any liability (in negligence or otherwise) whatsoever for any loss or damage howsoever arising from any use of this presentation or its contents or otherwise arising in connection with this presentation. This presentation contains projections and forward looking statements that may reflect the Company s current views with respect to future events and financial performance. Readers are cautioned not to place undue reliance on these forward-looking statements which are subject to various risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. This presentation does not constitute an offer or invitation to purchase or subscribe for any securities or financial instruments or the provision of any investment advice, and no part of it shall form the basis of or be relied upon in connection with any contract, commitment or investment decision in relation thereto, nor does this presentation constitute a recommendation regarding the securities or financial instruments of the Company. 2 2018 Tingyi (Cayman Islands) Holding Corp., All right reserved.

2Q2018 Sales & Profit RMBmn 2Q2018 2Q2017 Change% Revenue 15,959 14,370 11.06 Gross Profit 5,221 4,333 20.49 Gross Margin 32.71% 30.15% 2.56ppt. EBITDA 1,925 1,611 19.51 Profit 773 405 90.79 Profit attributable to owners of the Company 594 267 122.88 EPS (RMB cents) 10.58 4.76 5.82 cents 4 2018 Tingyi(Cayman islands)holding Corp., All right reserved. 4

1H2018 Sales & Profit RMBmn 1H2018 1H2017 Change% Revenue 30,996 28,568 8.50 Gross Profit 9,680 8,313 16.44 Gross Margin 31.23% 29.10% 2.13ppt. EBITDA 3,741 3,343 11.88 *EBITDA 3,901 3,343 16.67 Profit 1,488 880 69.10 Profit attributable to owners of the Company 1,306 700 86.59 EPS (RMB cents) 23.26 12.49 10.77 cents *EBITDA: Excluding the effects of the income of activation on assets and the provision of impairment losses on machinery and equipment. 5 2018 Tingyi(Cayman islands)holding Corp., All right reserved. 5

Revenue by Products RMBmn 2Q2018 2Q2017 Change% Instant Noodles 4,827 4,461 8.20 Beverages 10,797 9,555 13.00 Instant Food 174 179-2.88 Others 161 175-7.88 Total 15,959 14,370 11.06 2Q2017 2Q2018 Noodles 31% Instant Food 1% Others 1% Beverages 67% Noodles 30% Instant Food 1% Others 1% Beverages 68% 6 2018 Tingyi(Cayman islands)holding Corp., All right reserved. 6

Revenue by Products RMBmn 1H2018 1H2017 Change% Instant Noodles 11,134 10,272 8.40 Beverages 19,148 17,537 9.19 Instant Food 385 398-3.20 Others 329 361-9.03 Total 30,996 28,568 8.50 1H2017 1H2018 Instant Food 1% Others 1% Instant Food 1% Others 1% Noodles 36% Beverages 62% Noodles 36% Beverages 62% 7 2018 Tingyi(Cayman islands)holding Corp., All right reserved. 7

Instant Noodle Sales by Products RMBmn 2Q2018 2Q2017 Change% Bowl 2,331 2,175 7.15 High end Packet 1,921 1,707 12.50 Mid end Packet 523 523 0.07 Snack Noodle & Others 52 56-6.61 Total 4,827 4,461 8.20 2Q2017 2Q2018 Mid end Packet 12% Snack Noodle & Others 1% Mid end Packet 11% Snack Noodle & Others 1% High end Packet 38% Bowl 49% High end Packet 40% Bowl 48% 8 2018 Tingyi(Cayman islands)holding Corp., All right reserved. 8

Instant Noodle Sales by Products RMBmn 1H2018 1H2017 Change% Bowl 5,570 5,205 7.01 High end Packet 4,313 3,756 14.83 Mid end Packet 1,148 1,176-2.32 Snack Noodle & Others 103 135-23.95 Total 11,134 10,272 8.40 1H2017 1H2018 Mid end Packet 11% Snack Noodle & Others 1% Mid end Packet 10% Snack Noodle & Others 1% High end Packet 37% Bowl 51% High end Packet 39% Bowl 50% 9 2018 Tingyi(Cayman islands)holding Corp., All right reserved. 9

Beverage Sales by Products RMBmn 2Q2018 2Q2017 Change% Tea 4,813 3,990 20.63 Water 1,746 1,997-12.56 Juice 1,348 1,316 2.44 Carbonated drinks and Others 2,890 2,252 28.34 Total 10,797 9,555 13.00 2Q2017 2Q2018 CSD & Others 23% Juice 14% Water 21% Tea 42% CSD & Others 27% Juice 12% Water 16% Tea 45% 10 2018 Tingyi(Cayman islands)holding Corp., All right reserved. 10

Beverage Sales by Products RMBmn 1H2018 1H2017 Change% Tea 8,732 7,686 13.62 Water 2,590 3,070-15.65 Juice 2,333 2,472-5.65 Carbonated drinks and Others 5,493 4,309 27.51 Total 19,148 17,537 9.19 1H2017 1H2018 CSD & Others 25% Juice 14% Water 17% Tea 44% CSD & Others 28% Juice 12% Water 14% Tea 46% 11 2018 Tingyi(Cayman islands)holding Corp., All right reserved. 11

Gross Margin by Products 40 35 30 % 29.26 27.22 34.33 31.63 35.60 33.95 32.71 30.15 2Q2018 2Q2017 25 20 15 10 5 0 Instant Noodles Beverages Instant Food Overall Change (ppt.) 2.04 2.70 1.65 2.56 12 2018 Tingyi(Cayman islands)holding Corp., All right reserved. 12

Gross Margin by Products 40 35 30 % 29.83 27.52 32.13 30.05 35.41 34.24 31.23 29.10 1H2018 1H2017 25 20 15 10 5 0 Instant Noodles Beverages Instant Food Overall Change (ppt.) 2.31 2.08 1.17 2.13 13 2018 Tingyi(Cayman islands)holding Corp., All right reserved. 13

EBIT by Products RMB 000 2Q2018 2Q2017 Change% Instant Noodles 317,627 160,366 98.06 Beverages 753,985 448,576 68.08 Instant Food -6,658-10,942 39.15 Others 31,800 96,459-67.03 Group EBIT 1,096,754 694,459 57.93 14 2018 Tingyi(Cayman islands)holding Corp., All right reserved. 14

EBIT by Products RMB 000 1H2018 1H2017 Change% *1H2018 Change % Instant Noodles 879,395 642,984 36.77 1,127,435 75.34 Beverages 752,813 686,864 9.60 1,054,695 53.55 Instant Food -7,713-15,848 51.33-7,713 51.33 Others 430,645 184,089 133.93 40,896-77.78 Group EBIT 2,055,140 1,498,089 37.18 2,215,313 47.88 *1H2018 :Excluding effects of activation on assets and provision of impairment on machinery and equipment. 15 2018 Tingyi(Cayman islands)holding Corp., All right reserved. 15

Profit RMB 000 2Q2018 2Q2017 Change% Instant Noodles 227,268 139,246 63.21 Beverages 592,420 262,570 125.62 Instant Food -5,836-10,470 44.26 Others -40,617 13,937-391.43 Group Profit 773,235 405,283 90.79 16 2018 Tingyi(Cayman islands)holding Corp., All right reserved.

Profit RMB 000 1H2018 1H2017 Change% *1H2018 Change % Instant Noodles 666,953 532,280 25.30 840,581 57.92 Beverages 538,395 338,365 59.12 749,713 121.57 Instant Food -7,805-14,675 46.81-7,805 46.81 Others 290,751 24,180 1,102.44-100,468-515.51 Group Profit 1,488,294 880,150 69.10 1,482,021 68.38 *1H2018 :Excluding effects of activation on assets and provision of impairment on machinery and equipment, net of tax. 17 2018 Tingyi(Cayman islands)holding Corp., All right reserved.

Financial Position As at 30/06/2018 As at 31/12/2017 *ROA (Annualized) 7.57% 6.47% *ROE (Annualized) 14.07% 9.96% Current Ratio 0.83 0.79 Gearing Ratio -7.08% 22.26% A/R Revenue /Days 10.37 9.99 Finished Goods Revenue/Days 13.77 11.31 Cash and cash equivalents 12.319 billion 10.285 billion *ROA:EBIT to average total assets *ROE:Profit attributable to equity holders of the Company to average net assets 18 2018 Tingyi(Cayman islands)holding Corp., All right reserved. 18

Material Price RMB/Ton 4000 Flour 3,380 10000 Palm Oil 3500 3000 8000 5,570 2500 6000 2000 4000 14000 PET Resin 8000 Sugar 6,160 12000 7000 10000 9,080 6000 8000 5000 6000 4000 19 2018 Tingyi(Cayman islands)holding Corp., All right reserved.

Instant Noodle Market Share-by Volume Instant Noodle Market Share-by Value % % 60.0 50.0 40.0 47.2 46.9 46.0 47.4 46.3 Tingyi Holding 45.0 43.5 46.3 42.4 42.5 43.3 44.6 43.7 44.2 44.1 44.4 42.9 60.0 50.0 40.0 57.1 55.6 55.2 54.4 Tingyi Holding 56.4 55.9 51.3 55.0 50.5 50.6 52.4 50.0 51.2 50.3 50.2 49.9 48.8 30.0 30.0 20.0 Company A 17.2 17.2 19.7 19.3 19.5 20.0 17.8 18.0 Company A 20.7 21.0 21.3 10.0 0.0 Company B 10.2 8.4 8.9 7.8 8.4 10.0 7.1 7.4 7.1 5.7 Company C 5.2 0.0 14Q2 15Q2 16Q2 17Q2 18Q2 Company B 9.0 7.2 7.8 5.6 6.2 5.4 6.0 4.9 Company C 4.0 3.9 14Q2 15Q2 16Q2 17Q2 18Q2 20 2018 Tingyi(Cayman islands)holding Corp., All right reserved. Source: Nielsen

RTD Tea Market Share-by Volume RTD Tea Market Share-by Value 60.0 50.0 40.0 30.0 % 56.6 54.2 54.5 53.9 56.0 56.4 Company A 29.2 28.3 53.9 54.2 52.2 53.7 30.6 Tingyi Holding 51.8 51.6 49.7 49.8 47.0 50.7 48.3 27.6 27.2 60.0 50.0 40.0 30.0 % 49.4 46.8 47.0 46.0 48.9 48.5 Company A 32.4 32.3 45.7 43.3 44.4 36.2 Tingyi Holding 44.7 41.5 38.9 39.7 31.5 41.0 38.6 36.6 36.0 29.6 20.0 20.0 10.0 0.0 9.3 Company B 7.8 6.1 4.9 4.3 Company C 1.2 1.0 4.0 2.0 4.1 14Q2 15Q2 16Q2 17Q2 18Q2 10.0 0.0 14.1 12.3 Company B 6.7 5.4 4.4 2.8 Company C 1.6 3.2 3.9 3.9 14Q2 15Q2 16Q2 17Q2 18Q2 21 2018 Tingyi(Cayman islands)holding Corp., All right reserved. Source: Nielsen

RTD Tea (no milk tea) Market Share-by Volume RTD Tea (no milk tea) Market Share-by Value 70 60 50 % % 70.0 60.9 61.4 62.3 61.4 Tingyi Holding 60.1 59.3 58.4 61.4 62.4 60.0 60.4 55.8 55.2 55.6 54.4 56.9 51.5 54.8 50.0 56.1 56.5 56.5 56.3 Tingyi Holding 56.1 55.7 53.3 50.9 49.5 52.5 47.0 44.844.1 43.6 42.4 40 40.0 44.8 40.4 30 20 10 0 30.0 Company A 24.7 22.8 21.9 22.0 21.0 20.0 10.5 8.7 6.1 Company B 10.0 4.8 4.3 1.0 Company C 1.0 2.3 4.1 4.2 0.0 14Q2 15Q2 16Q2 17Q2 18Q2 Company A 28.7 23.5 23.3 24.6 22.1 16.7 14.2 Company B 7 5.4 4.4 1.6 Company C 1.6 3.6 3.9 4.0 14Q2 15Q2 16Q2 17Q2 18Q2 22 2018 Tingyi(Cayman islands)holding Corp., All right reserved. Source: Nielsen

Bottle Water Market Share-by Volume Diluted Juice Drinks (*below26% juice content) Market Share-by Volume % 30.0 % 40.0 25.0 20.0 21.821.9 20.8 19.1 17.6 Company B 15.0 12.8 10.0 5.0 0.0 Tingyi Holding 20.5 22.0 17.7 18.6 19.2 19.5 16.0 16.2 17.1 14.3 14.6 14.2 23 2018 Tingyi(Cayman islands)holding Corp., All right reserved. 23.4 12.5 14.5 15.4 12.7 11.4 10.0 Company C 8.9 9.0 7.8 Company D 7.3 8.0 7.7 3.9 Company E 5.5 7.2 7.6 26.6 21.1 10.8 10.0 9.5 8.1 1.4 Company F 1.1 1.0 1.1 1.1 14Q2 15Q2 16Q2 17Q2 18Q2 Source: Nielsen Company A 6.8 35.0 30.0 25.0 20.0 15.0 10.0 5.0 28.0 25.1 22.7 25.8 24.4 Company B 30.7 23.0 24.0 23.1 21.5 22.2 Tingyi Holding 31.6 20.4 24.4 16.2 Company A 25.5 23.7 20.0 32.8 22.1 13.3 4.9 Company C 4.4 4.4 4.5 3.1 Company D 0.0 2.2 1.7 1.7 15Q2 16Q2 17Q2 18Q2 *Beginning from 2018, we adopted new classification of juice content and backdated to 2015Q1, reclassifying the definition of diluted juice drinks from below 39% juice content to below 26% juice content, to be in line with the measure of Nielson.

A)Nation-Wide Distribution Network As at 30/06/2018 As at 31/03/2018 As at 31/12/2017 *Sales Office 369 369 369 Warehouse 98 97 92 Wholesaler 32,758 33,347 35,163 Direct Retailer 135,389 130,527 129,449 *Sales Office: The statistics are based on the middle size sales units located in the prefecture-level city B) Production Lines Noodles 184 184 205 Beverage 439 435 455 Instant Food 16 16 16 24 2018 Tingyi(Cayman islands)holding Corp., All right reserved. 24