Kinergy Corporation Ltd. * 光控精技有限公司

Unless otherwise defined, terms and expressions used in this announcement shall have the same meanings as those defined in the prospectus (the Prospectus ) of Kinergy Corporation Ltd. (the Company ) dated30 June 2018. Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited (the Stock Exchange ) and Hong Kong Securities Clearing Company Limited ( HKSCC ) 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. This announcement is for information purposes only and does not constitute an offer or an invitation to induce an offer by any person to acquire, purchase or subscribe for securities. Potential investors should read the Prospectus carefully for detailed information about the Company and the Global Offering described in this announcement before deciding whether or not to invest in the Offer Shares. Any investment decision in relation to the Global Offering should be taken solely in reliance on the information provided in the Prospectus. This announcement is not for release, publication, distribution, directly or indirectly, in or into the United States (including its territories and possessions, any state of the United States and the District of Columbia). This announcement does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The Shares have not been, and will not be, registered under the United States Securities Act of 1933, as amended from time to time (the U.S. Securities Act ). The securities may not be offered or sold in the United States except pursuant to registration or an exemption from the registration requirements of the U.S. Securities Act. There will be no public offer of securities in the United States. In connection with the Global Offering, China Everbright Securities (HK) Limited, as stabilising manager (the Stabilising Manager ), its affiliates or any person acting for it, on behalf of the Underwriters, may effect transactions with a view to stabilising or supporting the market price of the Shares at a level higher than that which might otherwise prevail for a limited period beginning on the Listing Date. However, there is no obligation on the Stabilising Manager or any person acting for it, to conduct any such stabilising action, which, if commenced, will be done at the absolute discretion of the Stabilising Manager, its affiliates or any person acting for it, and may be discontinued at any time. Any such stabilising activity is required to be brought to an end on the 30th day after the last date for the lodging of applications under the Hong Kong Public Offering. Such stabilisation action, if commenced, may be effected in all jurisdictions where it is permissible to do so, in each case in compliance with all applicable laws, rules and regulatory requirements, including the Securities and Futures (Price Stabilising) Rules, as amended, made under the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong). An announcement will be made on the Stock Exchange s website at www.hkexnews.hk and the Company s website at www.kinergy.com.sg within seven days of the expiration of the stabilising period in compliance with the Securities and Futures (Price Stabilising) Rules (Chapter 571W of the Laws of Hong Kong). Potential investors should be aware that stabilising action cannot be taken to support the price of the Shares for longer than the stabilisation period which begins on the Listing Date and is expected to expire on the 30th day after the last date for the lodging of applications under the Hong Kong Public Offering. After this date, no further stabilising action may be taken, demand for the Shares, and therefore the price of the Shares, could fall. Potential investors should also note that the obligations of the Hong Kong Underwriters under the Hong Kong Underwriting Agreement are subject to termination by the Joint Global Coordinators (on behalf of the Hong Kong Underwriters) if certain grounds for termination arise prior to 8: 00 a.m. on the Listing Date. Such grounds are set out in the subsection headed Underwriting Underwriting Arrangements and Expenses Hong Kong Public Offering Grounds for termination in the Prospectus. 1

Kinergy Corporation Ltd. * 光控精技有限公司 (incorporated in Singapore with limited liability) Number of Offer Shares under the Global Offering Number of Hong Kong Offer Shares GLOBAL OFFERING : 210,000,000 Shares (subject to the Overallotment Option) : 21,000,000 Shares Number of International Placing Shares : 189,000,000 Share (subject to the Overallotment Option) Offer Price : HK$1.17 per Offer Share, plus brokerage of 1%, SFC transaction levy of 0.0027% and Stock Exchange trading fee of 0.005% (payable in full on application and subject to refund) Stock code : 3302 Joint Sponsors Joint Global Coordinators and Joint Bookrunners Joint Bookrunners * For identification purpose only 2

ANNOUNCEMENT OF OFFER PRICE AND ALLOTMENT RESULTS SUMMARY Offer Price and Net Proceeds. The Offer Price has been determined at HK$1.17 per Offer Share (excluding brokerage fee of 1%, SFC transaction levy of 0.0027% and Stock Exchange trading fee of 0.005%).. Based on the Offer Price of HK$1.17 per Offer Share, the net proceeds from the Global Offering to be received by the Company (before any exercise of the Overallotment Option and without taking into account any Shares to be and issued upon the exercise of the options that may be granted under the Share Option Scheme), after deducting the underwriting fees and commissions and estimated expenses payable by the Company in connection with the Global Offering, is estimated to be approximately HK$214.4 million (equivalent to approximately S$36.7 million). The Company intends to apply such net proceeds in accordance with the purposes set out in the section headed Future Plans and Use of Proceeds in the Prospectus. Applications under the Hong Kong Public Offering. The Hong Kong Offer Shares initially offered under the Hong Kong Public Offering have been moderately over-subscribed as follows: (a) a total of 5,794 valid applications have been received pursuant to the Hong Kong Public Offering on WHITE and YELLOW Application Forms and through giving electronic application instructions to HKSCC via CCASS and to the ewhite Form Service Provider through the ewhite Form service (www.ewhiteform.com.hk) for a total of 98,918,000 Hong Kong Offer Shares, equivalent to approximately 4.7 times of the total number of 21,000,000 Hong Kong Offer Shares initially available for subscription under the Hong Kong Public Offering.. Due to the aforesaid level of over-subscription in the Hong Kong Public Offer, the reallocation procedures as described in the section headed Structure and Conditions of the Global Offering The Hong Kong Public Offering Reallocation in the Prospectus have not been applied. 3

International Placing. The final number of Offer Shares under the International Placing is 189,000,000 Shares, representing 90% of the Offer Shares available under the Global Offering (before exercise of the Over-allotment Option and without taking into account of any Shares to be and issued upon the exercise of the options granted under the Share Option Scheme). The Offer Shares initially offered under the International Placing have been moderately oversubscribed and an overallotment of 31,500,000 Shares was made in the International Placing.. The Directors confirm that, to the best of their knowledge, information and belief, having made all reasonable enquiries, no International Offer Shares have been allocatedtoplaceeswhoare(i)directorsor existing beneficial owners of Shares of the Company; or (ii) core connected persons of the Company; or (iii) the close associates of (i) and/or (ii), whether in their own names or through nominees. None of the Joint Sponsors, the Underwriters and their respective affiliated companies and connected clients (as set out in Appendix 6 to the Listing Rules) has taken up any Shares for its own benefit under the International Placing. The Directors confirm that the International Placing is in compliance with the placing guidelines for equity securities as set out in Appendix 6 to the Listing Rules. The Directors confirm that (i) there will be at least 300 shareholders of the Company at the time of the Listing in compliance with Rule 8.08(2) of the Listing Rules; and (ii) the three largest public shareholders of the Company do not hold more than 50% of the Shares held in public hands at the time of the Listing in compliance with Rules 8.08(3) and 8.24 of the Listing Rules. The Directors further confirm that no placee will, individually, be placed more than 10% of the enlarged issued share capital of the Company immediately following the completion of the Global Offering, and as such, none of the placees under the International Placing will become a substantial shareholder of the Company immediately after the International Placing within the meaning of the Listing Rules, and the Company s public float percentage will satisfy the minimum percentage prescribed by Rule 8.08 of the Listing Rules after the Global Offering. 4

Over-allotment Option. The Company has granted the Over-allotment Option to the International Underwriters, which is exercisable by the Joint Global Coordinators on behalf of the International Underwriters pursuant to the International Underwriting Agreement at any time from the date of the International Underwriting Agreement up to Thursday, 9 August 2018, being the 30th day after the last day for the lodging of applications under the Hong Kong Public Offering, to require the Company to allot and issue up to an aggregate of 31,500,000 Shares at the final Offer Price to, among other things, cover over-allocations in the International Placing, if any. There has been an over-allocation of 31,500,000 Shares in the International Placing. Such over-allocation may be covered by exercising the Over-allotment Option or by making purchases in the secondary market at prices that do not exceed the Offer Price or through stock borrowing arrangements or a combination of these means. In the event that the Over-allotment Option is exercised, an announcement will be made by the Company, and be available on the Company s website at www.kinergy.com.sg and the website of the Stock Exchange at www.hkexnews.hk. As of the date of this announcement, the Over-allotment Option has not been exercised. Cornerstone Investors. Pursuant to the cornerstone investment agreements with the cornerstone investors (the Cornerstone Investors ) as described in the section headed Cornerstone Investors in the Prospectus, the number of Offer Shares subscribed by the relevant Cornerstone Investors has now been determined. Each of GT Cedar Capital (Hong Kong) Limited, VisionGain China Opportunities Fund, and Bonus First Holdings Limited has subscribed for 33,534,000, 21,366,000 and 17,094,000 Offer Shares, respectively. The total number of the Offer Shares to be subscribed by the Cornerstone Investors is 71,994,000, representing in aggregate (i) approximately 34.3% of the number of Offer Shares offered pursuant to the Global Offering, assuming the Over-allotment Option is not exercised and without taking into account any Shares which may be and issued upon the exercise of the options which may be granted under the Share Option Scheme; (ii) approximately 8.6% of the Shares in issue following the completion of the Global Offering, assuming that the Over-allotment Option is not exercised and without taking into account any Shares which may be and issued upon the exercise of the options which may be granted under the Share Option Scheme; and (iii) 8.3% of the Shares in issue upon completion of the Global Offering, assuming that the Over-allotment Option is exercised in full and without taking into account any Shares which may be and issued upon the exercise of the options which may be granted under the Share Option Scheme. Please refer to the section headed Cornerstone Investors in the Prospectus for further details relating to the Cornerstone Investors. 5

Results of Allocations. The results of allocations and the Hong Kong identity card numbers, passport numbers or Hong Kong business registration numbers of successful applicants (where applicable) under the Hong Kong Public Offering and the number of the Hong Kong Offer Shares successfully applied for under WHITE and YELLOW Application Forms and through giving electronic application instructions to HKSCC via CCASS and to the ewhite Form Service Provider under the ewhite Form service, will be made available at the times and dates and in the manner specified below:. in the announcement to be posted on our Company s website at www.kinergy.com.sg and the Stock Exchange s website at www.hkexnews.hk by no later than 8: 00 a.m. on Tuesday, 17 July 2018;. from the designated results of allocations website at www.ewhiteform.com.hk/ results with a search by ID function on a 24-hour basis from 9: 00 a.m. on Tuesday, 17 July 2018 to 12: 00 midnight on Monday, 23 July 2018;. by telephone enquiry line by calling (852) 2153 1688 between 9: 00 a.m. and 6: 00 p.m. from Tuesday, 17 July 2018 to Friday, 20 July 2018 (excluding Saturday, Sunday and Public Holiday);. in the special allocation results booklets which will be available for inspection during opening hours on Tuesday, 17 July 2018, to Friday, 20 July 2018 at the designated receiving bank branches.. The level of indication of interests in the International Placing and the basis of allocation of the Hong Kong Offer Shares are also published on Tuesday, 17 July 2018 on the websites of our Company at www.kinergy.com.sg and the Stock Exchange at www.hkexnews.hk. Despatch/Collection of Share Certificates and Refund Monies. Applicants who have applied for 1,000,000 or more Hong Kong Offer Shares on WHITE Application Forms or ewhite Form by submitting an electronic application through the designated website www.ewhiteform.com.hk, and who have provided all information as required by the relevant Application Form and have been successfully or partially successfully allocated Hong Kong Offer Shares and who are eligible to collect share certificates (where applicable) in person, may collect share certificate(s) (where applicable) from the Hong Kong Share Registrar, Boardroom Share Registrars (HK) Limited, at 2103B, 21st Floor, 148 Electric Road, North Point, Hong Kong, from 9: 00 a.m. to 1: 00 p.m. on Tuesday, 17 July 2018 or such other date as notified by us on our Company s website at www.kinergy.com.sg and the website of the Stock Exchange at www.hkexnews.hk. 6

. Share certificates for the Hong Kong Offer Shares to applicants using WHITE Application Forms or ewhite Form service which have applied for less than 1,000,000 Hong Kong Offer Shares, or share certificates that are available but are not collected in person, are expected to be despatched to those entitled to the address specified in the relevant WHITE Application Form or in the relevant application instructions through the ewhite Form service by ordinary post at their own risks on or before Tuesday, 17 July 2018.. Wholly or partially successful applicants on YELLOW Application Forms will have their share certificate(s) issued in the name of HKSCC Nominees and deposited into CCASS for credit to their CCASS Investor Participant stock accounts or their designated CCASS Participant s stock account as instructed by the applicant in the YELLOW Application Forms on Tuesday, 17 July 2018 or upon contingency, on such other date determined by HKSCC or HKSCC Nominees.. Share certificate(s) for the Hong Kong Public Offering to applicants giving electronic application instructions to HKSCC via CCASS will be issued in the name of HKSCC Nominees and deposited into CCASS for credit to their CCASS Investor Participant stock accounts or the stock accounts of their designated CCASS Participants as instructed by them electronically, on Tuesday, 17 July 2018, or, on such other date determined by HKSCC or HKSCC Nominees.. Applicants applying through a designated CCASS Participant s stock account (other than a CCASS Investor Participant) should check the number of the Hong Kong Offer Shares allocated to them with that CCASS Participant.. Applicants on WHITE or YELLOW Application Forms who have applied for 1,000,000 Hong Kong Offer Shares or more, and have provided all information required by their WHITE or YELLOW Application Forms, may collect their refund cheque(s) (where applicable) in person from the Hong Kong Share Registrar, Boardroom Share Registrars (HK) Limited, at 2103B, 21st Floor, 148 Electric Road, North Point, Hong Kong from9:00a.m.to1:00p.m.ontuesday, 17 July 2018 or such other date as notified by us.. Refund cheques for applicants on WHITE or YELLOW Application Forms which are either not available for personal collection or which are available but are not collected in person, are expected to be despatched by ordinary post to those entitled to the address specified in the relevant WHITE or YELLOW Application Forms at their own risks on or before Tuesday, 17 July 2018.. Applicants who have applied through the ewhite Form service and paid the application monies from a single bank account, refund monies (if any) will be despatched to their application payment bank account in the form of e-refund payment instructions on Tuesday, 17 July 2018. 7

. Applicants who have applied through ewhite Form service and paid the application monies from multiple bank accounts, refund monies (if any) will be despatched to the address as specified on the ewhite Form application instructions in the form of refund cheque(s) by ordinary post and at their own risks on or before Tuesday, 17 July 2018.. Applicants who have applied by giving electronic application instructions to HKSCC to apply on their behalf, refund monies (if any) are expected to be credited to their designated bank accounts (if the applicants have applied as a CCASS Investor Participant) or the designated bank account of their broker or custodian on Tuesday, 17 July 2018.. Share certificates for the Offer Shares are expected to be despatched on Tuesday, 17 July 2018 but will only become valid certificates of title at 8: 00 a.m. on Wednesday, 18 July 2018, provided that the Global Offering has become unconditional in all respects; and the right of termination described in the sections headed Underwriting Underwriting Arrangements and Expenses Hong Kong Public Offering Grounds for termination in the Prospectus has not been exercised.. The Company will not issue any temporary s of title in respect of the Offer Shares or any receipts for sums paid on application for the Offer Shares. CommencementofDealings. Assuming that the Global Offering becomes unconditional in all aspects at or before 8: 00 a.m. on Wednesday, 18 July 2018, dealings in the Shares on the Main Board of the Stock Exchange are expected to commence at 9: 00 a.m. on Wednesday, 18 July 2018. The Shares will be traded in board lots of 2,000 Shares. The stock code of the Shares is 3302. In view of the high concentration of shareholding in a small number of Shareholders, Shareholders and prospective investors should be aware that the price of the Shares could move substantially even with a small number of Shares traded, and should exercise extreme caution when dealing in Shares. OFFER PRICE The Offer Price has been determined at HK$1.17 per Offer Share (excluding brokerage fee of 1%, SFC transaction levy of 0.0027% and Stock Exchange trading fee of 0.005%). 8

NET PROCEEDS FROM THE GLOBAL OFFERING Based on the Offer Price of HK$1.17 per Offer Share, the net proceeds from the Global Offering to be received by the Company (before any exercise of the Over-allotment Option and without taking into account any Shares to be and issued upon the exercise of the options that may be granted under the Share Option Scheme), after deducting the underwriting fees and commissions and estimated expenses payable by the Company in connection with the Global Offering, is estimated to be approximately HK$214.4 million (equivalent to approximately S$36.7 million). Our Directors intend to apply such net proceeds as follows:. approximately 40.4%, or HK$86.6 million (equivalent to approximately S$14.8 million), will be used for expansion of our production capacity;. approximately 29.3%, or HK$62.8 million (equivalent to approximately S$10.7 million), will be used for developing and acquiring engineering and technological knowledge;. approximately 17.6%, or HK$37.7 million (equivalent to approximately S$6.5 million), will be used for expansion of our market share in Japan, Europe and the United States;. approximately 11.7%, or HK$25.1 million (equivalent to approximately S$4.3 million), will be used for strengthening our R&D to keep abreast and relevant to the dynamic changes in technology; and. approximately 1.0%, or HK$2.2 million (equivalent to approximately S$0.4 million), will be used as working capital and general corporate purposes. If the Over-allotment Option is fully exercised by the Joint Global Coordinators, the Company will receive net proceeds of approximately HK$35.7 million (equivalent to approximately S$6.1 million) for 31,500,000 Shares to be issued and upon the full exercise of the Over-allotment Option, respectively, based on the final Offer Price of HK$1.17 per Share, after deduction of the underwriting fees and commissions payable by the Company. Additional proceeds from the exercise of the Over-allotment Option will be allocated to the above purposes on a pro-rata basis. For details, please see the section headed Future Plans and Use of Proceeds in the Prospectus. APPLICATIONS UNDER THE HONG KONG PUBLIC OFFERING The Hong Kong Public Offering The Directors announce that the Hong Kong Offer Shares initially offered under the Hong Kong Public Offering have been slightly over-subscribed. At the close of the application lists at 12: 00 noon on Tuesday, 10 July 2018, a total of 5,794 valid applications (including applications on WHITE and YELLOW Application Forms and through giving electronic application instructions to HKSCC via CCASS and to the 9

ewhite Form Service Provider through the ewhite Form service) and for a total of 98,918,000 Hong Kong Offer Shares were received pursuant to the Hong Kong Public Offering, equivalent to approximately 4.7 times of the total number of 21,000,000 Hong Kong Offer Shares initially available for subscription under the Hong Kong Public Offering. Due to the aforesaid level of over-subscription in the Hong Kong Public Offer, the reallocation procedures as mentioned in the Prospectus have not been applied. Of the 5,794 valid applications on WHITE and YELLOW Application Forms and by electronic application instructions given to HKSCC via CCASS and to the ewhite Form Service Provider under the ewhite Form service for a total of 98,918,000 Hong Kong Offer Shares:. A total of 5,786 valid applications in respect of a total of 64,918,000 Hong Kong Offer Shares were for the Hong Kong Public Offering with an aggregate subscription amount based on the maximum Offer Price (excluding brokerage of 1%, SFC transaction levy of 0.0027% and Stock Exchange trading fee of 0.005%) of HK$5 million or less, representing 6.18 times of the 10,500,000 Hong Kong Offer Shares initially comprised in Pool A;. a total of 8 valid applications in respect of a total of 34,000,000 Hong Kong Offer Shares were for the Hong Kong Public Offering with an aggregate subscription amount based on the maximum Offer Price (excluding brokerage of 1%, SFC transaction levy of 0.0027% and Stock Exchange trading fee of 0.005%) of more than HK$5 million, representing approximately 3.24 times of the 10,500,000 Hong Kong Offer Shares initially comprised in Pool B; and 4 multiple applications or suspected multiple applications have been identified and rejected. No application has been rejected due to bounced cheques. No application has been rejected due to invalid application which is not completed in accordance with the instructions set out in the Application Forms. No application for more than 10,500,000 Hong Kong Offer Shares has been identified. The Hong Kong Offer Shares offered in the Hong Kong Public Offering were conditionally allocated on the basis set forth in the paragraph headed Basis of Allocation under the Hong Kong Public Offering below. Due to the aforesaid level of over-subscription in the Hong Kong Public Offer, the reallocation procedures as described in the section headed Structure and Conditions of the Global Offering The Hong Kong Public Offering Reallocation in the Prospectus have not been applied. INTERNATIONAL PLACING The final number of Offer Shares under the International Placing is 189,000,000 Shares, representing 90% of the Offer Shares available under the Global Offering (before exercise of the Over-allotment Option and without taking into account of any Shares to be and issued upon the exercise of the options granted under the Share Option 10

Scheme). The Offer Shares initially offered under the International Placing have been moderately oversubscribed and an over-allotment of 31,500,000 Shares was made in the International Placing. Pursuant to the International Placing, a total of 189,000,000 International Placing Shares representing approximately 22.5% of the total Shares in issue of the Company immediately after completion of the Global Offering have been conditionally allocated to a total of 120 selected professional, institutional and other investors. We set out below a summary of allotment results under the International Placing:. top 1, 5, 10 and 25 of the placees out of the International Placing, total Offer Shares and total share capital in issue of the Company upon Listing: Placee Shares held upon Listing (before over-allocation) Shares held upon Listing (after over-allocation) Approximate aggregate % of the total number of International Placing Shares allocated under the International Placing (assuming no exercise of the Over-allotment Option) Approximate aggregate % of the total number of International Placing Shares allocated under the International Placing (assuming the Over-allotment Option is exercised in full) Approximate aggregate % of the total number of Offer Shares under the Global Offering (assuming no exercise of the Over-allotment Option) Approximate aggregate % of the total number of Offer Shares under the Global Offering (assuming the Over-allotment Option is exercised in full) Approximate aggregate % of the total shares in issue immediately upon completion of the Global Offering (assuming no exercise of the Over-allotment Option) Approximate aggregate % of the total shares in issue immediately upon completion of the Global Offering (assuming the Over-allotment Option is exercised in full) Top 1 33,354,000 33,354,000 17.6 15.1 15.9 13.8 4.0 3.8 Top 5 86,116,000 89,882,000 45.6 40.8 41.0 37.2 10.3 10.3 Top 10 117,470,000 129,682,000 62.2 58.8 55.9 53.7 14.0 14.9 Top 25 170,546,000 197,012,000 90.2 89.3 81.2 81.6 20.3 22.6. top 1, 5, 10 and 25 of all the Shareholders out the total share capital in issue of the Company upon Listing: Shareholder Shares held upon Listing (before over-allocation) Shares held upon Listing (after over-allocation) Approximate aggregate % of the total shares in issue immediately upon completion of the Global Offering (assuming no exercise of the Overallotment Option) Approximate aggregate % of the total shares in issue immediately upon completion of the Global Offering (assuming the Overallotment Option is exercised in full) Top 1 262,084,380 262,084,380 31.2 30.1 Top 5 639,849,620 639,849,620 76.2 73.5 Top 10 708,465,324 711,127,620 84.4 81.7 Top 25 784,545,324 806,871,324 93.5 92.7 Note: Any discrepancies in the table between the totals and the sums of amounts listed therein are due to rounding. 11

Concentration of Placees in the International Placing There are in total 120 placees in the International Placing, 16 of which have one board lot and approximately 56.7% of the total placees have five board lots or fewer. Details of placees concentration are set forth below: Board Lot or less %oftotal no. of placees 1 13.3 2 28.3 3 44.2 4 56.7 The Directors confirm that, to the best of their knowledge, information and belief, having made all reasonable enquiries, no International Offer Shares have been allocated to placees who are (i) Directors or existing beneficial owners of Shares of the Company; or (ii) core connected persons of the Company; or (iii) the close associates of (i) and/or (ii), whether in their own names or through nominees. None of the Joint Sponsors, the Underwriters and their respective affiliated companies and connected clients (as set out in Appendix 6 to the Listing Rules) has taken up any Shares for its own benefit under the International Placing. The Directors confirm that the International Placing is in compliance with the placing guidelines for equity securities as set out in Appendix 6 to the Listing Rules. The Directors confirm that (i) there will be at least 300 shareholders of the Company at the time of the Listing in compliance with Rule 8.08(2) of the Listing Rules; and (ii) the three largest public shareholders of the Company do not hold more than 50% of the Shares held in public hands at the time of the Listing in compliance with Rules 8.08(3) and 8.24 of the Listing Rules. The Directors further confirm that no placee will, individually, be placed more than 10% of the enlarged issued share capital of the Company immediately following the completion of the Global Offering, and as such, none of the placees under the International Placing will become a substantial shareholder of the Company immediately after the International Placing within the meaning of the Listing Rules, and the Company s public float percentage will satisfy the minimum percentage prescribed by Rule 8.08 of the Listing Rules after the Global Offering. Over-allotment Option Pursuant to the International Underwriting Agreement, the Company has granted the Over-allotment Option to the Joint Global Coordinators from the date of the International Underwriting Agreement until Thursday, 9 August 2018, being the 30th day after the last day for the lodging of applications under the Hong Kong Public Offering, to require the Company to allot and issue up to an aggregate of 31,500,000 additional Offer Shares at the Offer Price under the International Placing, representing approximately 15% of the Offer Shares initially available under the Global Offering. There has been an over-allocation of 31,500,000 Shares in the International Placing. Such 12

over-allocation may be covered by exercising the Over-allotment Option or by making purchases in the secondary market at prices that do not exceed the Offer Price or through stock borrowing arrangements or a combination of these means. In the event that the Over-allotment Option is exercised, an announcement will be made by the Company, and be available on the Company s website at www.kinergy.com.sg and the website of the Stock Exchange at www.hkexnews.hk. As of the date of this announcement, the Overallotment Option has not been exercised. Cornerstone Investors Based on the Offer Price of HK$1.17 per Offer Share and pursuant to the cornerstone investment agreements with the Cornerstone Investors, the number of Offer Shares subscribed for by the Cornerstone Investors has now been determined as set out below: Name of Cornerstone Investor Number of Offer Shares subscribed Approximate % of the Offer Shares under the Global Offering (assuming no exercise of the Over-allotment Option) Approximate % of Shares immediately following the completion of the Global Offering (assuming no exercise of the Over-allotment Option) Approximate % of Shares immediately following the completion of the Global Offering (assuming the Over-allotment Option is exercised in full) GT Cedar Capital (Hong Kong) Limited 33,534,000 16.0 4.0 3.8 VisionGain China Opportunities Fund 21,366,000 10.2 2.6 2.5 Bonus First Holdings Limited 17,094,000 8.1 2.0 2.0 Total: 71,994,000 34.3 8.6 8.3 The Directors confirm that no Offer Shares under the International Placing have been allocated to applicants who are core connected persons of the Company, Directors, existing Shareholders, existing beneficial owners or their respective close associates within the meaning of the Listing Rules, whether in their own name or through nominees. The International Placing is in compliance with the placing guidelines for equity securities as set out in Appendix 6 to the Listing Rules. None of the Joint Sponsors, the Underwriters and their affiliated companies and the connected clients of the lead broker or of any distributors (as defined in Appendix 6 to the Listing Rules) has taken up any Offer Shares for its own benefits under the Global Offering. The Directors confirm that the three largest public shareholders of the Company will not hold more than 50% of the Shares held in public hands at the time of the Listing in compliance with Rules 8.08(3) and 8.24 of the Listing Rules. 13

The Directors further confirm that none of the placees under the International Placing will become a substantial Shareholder (as defined under the Listing Rules) of the Company after the Global Offering, no placee will individually be placed more than 10% of the enlarged issued share capital of the Company immediately following the completion of the Global Offering. BASIS OF ALLOCATION UNDER THE HONG KONG PUBLIC OFFERING Subject to the satisfaction of the conditions set out in the paragraph headed Structure and Conditions of the Global Offering Conditions of the Hong Kong Public Offering in the Prospectus, valid applications made by the public on WHITE and YELLOW Application Forms and through giving electronic application instructions to HKSCC via CCASS and to the ewhite Form Service Provider under the ewhite Form service will be conditionally allocated on the basis set out below: Number of Shares applied for Number of valid applications Basis of allotment/ballot Pool A Approximate percentage of the total number of Shares applied for 2,000 4,268 3,627 out of 4,268 to receive 2,000 Shares 84.98% 4,000 470 404 out of 470 to receive 2,000 Shares 42.98% 6,000 365 2,000 Shares 33.33% 8,000 93 2,000 Shares 25.00% 10,000 117 2,000 Shares 20.00% 12,000 30 2,000 Shares 16.67% 14,000 15 2,000 Shares 14.29% 16,000 41 2,000 Shares 12.50% 18,000 19 2,000 Shares 11.11% 20,000 84 2,000 Shares 10.00% 30,000 60 2,000 Shares 6.67% 40,000 29 2,000 Shares 5.00% 50,000 24 2,000 Shares 4.00% 60,000 6 2,000 Shares 3.33% 70,000 21 2,000 Shares plus 2 out of 21 to receive 3.13% additional 2,000 Shares 80,000 25 2,000 Shares plus 6 out of 25 to receive 3.10% additional 2,000 Shares 100,000 13 2,000 Shares plus 5 out of 13 to receive 2.77% additional 2,000 Shares 120,000 12 2,000 Shares plus 7 out of 12 to receive additional 2,000 Shares 2.64% 14

Number of Shares applied for Number of valid applications Basis of allotment/ballot Pool A Approximate percentage of the total number of Shares applied for 140,000 33 2,000 Shares plus 22 out of 33 to receive 2.38% additional 2,000 Shares 160,000 8 2,000 Shares plus 6 out of 8 to receive 2.19% additional 2,000 Shares 180,000 4 2,000 Shares plus 3 out of 4 to receive 1.94% additional 2,000 Shares 200,000 13 2,000 Shares plus 12 out of 13 to receive 1.92% additional 2,000 Shares 300,000 4 4,000 Shares plus 1 out of 4 to receive 1.50% additional 2,000 Shares 400,000 5 6,000 Shares 1.50% 500,000 9 6,000 Shares plus 3 out of 9 to receive 1.33% additional 2,000 Shares 600,000 1 8,000 Shares 1.33% 800,000 5 8,000 Shares plus 3 out of 5 to receive 1.15% additional 2,000 Shares 900,000 1 10,000 Shares 1.11% 1,000,000 8 10,000 Shares 1.00% 2,000,000 3 12,000 Shares 0.60% 5,786 Number of Shares applied for Number of valid applications Basis of allotment/ballot Pool B Approximate percentage of the total number of Shares applied for 4,000,000 7 1,234,000 Shares plus 5 out of 7 to receive 30.89% additional 2,000 Shares 6,000,000 1 1,852,000 Shares 30.87% 8 15

The final number of Offer Shares under the Hong Kong Public Offering is 21,000,000 Shares, representing 10% of the total number of Offer Shares under the Global Offering (before any exercise of the Over-allotment Option and without taking into account any Shares to be and issued upon the exercise of the options that may be granted under the Share Option Scheme). The final number of Offer Shares allocated to the placees under the International Placing is 189,000,000 Shares, representing 90% of the total number of the Offer Shares under the Global Offering (before any exercise of the Over-allotment Option and without taking into account any Shares to be and issued upon the exercise of the options that may be granted under the Share Option Scheme). RESULTS OF ALLOCATIONS The applicable final Offer Price, the level of indications of interest in the International Placing and the basis of allocation of the Hong Kong Offer Shares, will be available on Tuesday, 17 July 2018 on the websites of the Stock Exchange at www.hkexnews.hk and the Company at www.kinergy.com.sg. The results of allocations and the Hong Kong identity card numbers, passport numbers or Hong Kong business registration numbers of successful applicants (where applicable) under the Hong Kong Public Offering and the number of The Hong Kong Offer Shares successfully applied for under WHITE and YELLOW Application Forms and through giving electronic application instructions to HKSCC via CCASS and to the ewhite Form Service Provider under the ewhite Form service, will be made available at the times and dates and in the manner specified below:. in the announcement to be posted on our Company s website at www.kinergy.com.sg and the Stock Exchange s website at www.hkexnews.hk by no later than 8: 00 a.m. on Tuesday, 17 July 2018;. from the designated results of allocations website at www.ewhiteform.com.hk/results with a search by ID function on a 24-hour basis from 9: 00 a.m. on Tuesday, 17 July 2018 to 12: 00 midnight on Monday, 23 July 2018;. by telephone enquiry line by calling (852) 2153 1688 between 9: 00 a.m. and 6: 00 p.m. from Tuesday, 17 July 2018 to Friday, 20 July 2018 (excluding Saturday, Sunday and Public Holiday);. in the special allocation results booklets which will be available for inspection during opening hours on Tuesday, 17 July 2018, to Friday, 20 July 2018 at the designated receiving bank branches. 16

Industrial and Commercial Bank of China (Asia) Limited District Branch Name Address Hong Kong Island Central Branch 1/F., 9 Queen s Road Central Hong Kong Causeway Bay Branch Shop A on G/F, 1/F, Hennessy Apartments 488 & 490 Hennessy Road, Hong Kong Kowloon Tsimshatsui Branch Shop 1 & 2, G/F No. 35 37 Hankow Road Tsimshatsui, Kowloon New Territories Mongkok Branch Tsuen Wan Castle Peak Road Branch Sheung Shui Branch G/F, Belgian Bank Building 721 725 Nathan Road Mongkok, Kowloon G/F 423 427 Castle Peak Road Tsuen Wan, New Territories Shop 2, G/F, San Fung Building No.33 San Fung Avenue, ShekWuHui Sheung Shui, New Territories 17

Results of applications made by WHITE Application Forms or ewhite Form The following are the identification numbers (where supplied) of wholly or partially successful applicants using WHITE Application Forms or ewhite Form and the number of Public Offer conditionally to them. Applicants who have not provided their identification numbers are not shown. A1406992 2,000 B2668926 2,000 C3862494 2,000 C6045764 2,000 D027067A 2,000 E2757749 2,000 E3662946 2,000 E4651344 2,000 E5175163 2,000 E5931960 2,000 E6651554 2,000 E9799307 2,000 G1237712 2,000 G1355995 2,000 G255794A 2,000 G2668261 2,000 G3585696 2,000 G3704431 2,000 G4340158 2,000 K0503029 2,000 K4911431 2,000 P5739881 2,000 P8207295 2,000 Y0324327 2,000 Z2880165 2,000 Z7305797 2,000 Z9380869 2,000 Section 1: Applications using White Application Forms & ewhite Form Page: 1

Results of applications made by YELLOW Application Forms (through designated CCASS Clearing/Custodian Participants) The following are the identification numbers (where supplied) of wholly or partially successful applicants using YELLOW Application Forms through designated CCASS Clearing/Custodian Participants and the number of Public Offer conditionally to them. Applicants who have not provided their identification numbers are not shown. C6510718 2,000 D4516088 2,000 E8275282 2,000 K2338114 2,000 K3486222 2,000 K4622782 2,000 Y7219278 2,000 Section 2: Applications using Yellow Application Forms through designated CCASS Clearing/Custodian Participants Page: 1

Results of applications made by giving electronic application instructions to HKSCC via CCASS The following are the identification numbers (where supplied) of wholly or partially successful applicants made by giving electronic application instructions to HKSCC via CCASS and the number of Public Offer conditionally to them. Applicants who have not provided their identification numbers are not shown. 0002732 2,000 0003432 2,000 0004142 2,000 0005782 2,000 00105001X 2,000 001050420 2,000 00107003X 2,000 001070520 2,000 001100427 2,000 001115929 2,000 001161527 2,000 00119682X 2,000 00120504X 2,000 00120541X 2,000 001225548 2,000 001251021 2,000 001301820 2,000 0014490 2,000 0015507 2,000 0018805 2,000 002010428 2,000 002044221 2,000 002052015 2,000 002055518 2,000 002071554 2,000 002077255 2,000 002086061 2,000 002110329 2,000 002156724 2,000 002160950 2,000 002172116 2,000 002200039 2,000 002237850 2,000 002250414 2,000 003023827 2,000 003034722 2,000 003064114 2,000 003095036 2,000 003110534 2,000 00311803X 2,000 003152728 2,000 003171225 2,000 003200012 2,000 00323406X 2,000 003250021 2,000 003260516 2,000 003270012 2,000 003295013 2,000 00401541X 2,000 004064011 2,000 004070619 2,000 004173211 2,000 004180018 2,000 004180520 2,000 004252102 2,000 004286218 2,000 005040318 2,000 005043943 2,000 005060263 2,000 00508101X 2,000 005190473 2,000 005221124 2,000 005251712 2,000 005262347 2,000 005272138 2,000 006051052 2,000 006073 2,000 006084516 2,000 006092152 2,000 006150547 2,000 006273421 2,000 006346000 2,000 00704044X 2,000 00710501X 2,000 007121804 2,000 007130726 2,000 007160023 2,000 007245517 2,000 007265721 2,000 007294869 2,000 008021846 2,000 008032039 2,000 008047051 2,000 008055163 2,000 008071411 2,000 00812339X 2,000 008132429 2,000 008145129 2,000 008161846 2,000 00825051X 2,000 008295017 2,000 008661400 2,000 009030017 2,000 009063323 2,000 009080917 2,000 009181916 2,000 009185448 2,000 009253018 2,000 009260018 2,000 009399500 2,000 010010566 2,000 010051112 2,000 010069372 2,000 010080028 2,000 010095241 2,000 010102345 2,000 0101034X 2,000 0101102X 2,000 010123816 2,000 01013619 2,000 010144883 2,000 01015301X 2,000 010165147 2,000 010170053 2,000 010200412 2,000 01020510 2,000 01023065 2,000 01025023 2,000 01028006X 2,000 010290629 2,000 01032995 2,000 01036410 2,000 01042031 2,000 01044817 2,000 01080031 2,000 01085867 2,000 01091218 2,000 01094558 2,000 01100313 2,000 01100714 2,000 011040011 2,000 011070045 2,000 011100414 2,000 011112758 2,000 011162819 2,000 011180217 2,000 01125259 2,000 011293025 2,000 0113032X 2,000 01131422 2,000 01161534 2,000 01170065 2,000 01171622 2,000 01190418 2,000 01191619 2,000 01193419 2,000 012022200 2,000 012022845 2,000 012030038 2,000 012051800 2,000 012059000 2,000 012061086 2,000 012071529 2,000 01210026 2,000 012149800 2,000 012163721 2,000 01220617 2,000 01222110X 2,000 012221546 2,000 01226121X 2,000 012311828 2,000 012314814 2,000 01231818 2,000 01241029 2,000 0124513X 2,000 01261612 2,000 01276015 2,000 01281520 2,000 01303973 2,000 0160513 2,000 018031200 2,000 018066900 2,000 02011135 2,000 02012432 2,000 02030013 2,000 02037031 2,000 02052015 2,000 02054213 2,000 02103242 2,000 02123311 2,000 02140523 2,000 0214753X 2,000 02150036 2,000 02160027 2,000 02170313 2,000 02170913 2,000 02170918 2,000 02183059 2,000 02191242 2,000 02203527 2,000 02222417 2,000 02232136 2,000 02239538 2,000 02244691 2,000 02250414 2,000 02263125 2,000 02290310 2,000 0280170 2,000 03011548 2,000 03020096 2,000 Section 4: Applications by giving electronic application instructions to HKSCC via CCASS Page: 1

Results of applications made by giving electronic application instructions to HKSCC via CCASS The following are the identification numbers (where supplied) of wholly or partially successful applicants made by giving electronic application instructions to HKSCC via CCASS and the number of Public Offer conditionally to them. Applicants who have not provided their identification numbers are not shown. 03030031 2,000 03042945 2,000 03051471 2,000 03057992 2,000 03061213 2,000 03083040 2,000 03112827 2,000 03122420 2,000 03132426 2,000 03142484 2,000 0314452X 2,000 03150063 2,000 03150621 2,000 03160514 2,000 03160824 2,000 03174931 2,000 03205029 2,000 03210379 2,000 03220916 2,000 03232887 2,000 03234015 2,000 03250016 2,000 03255316 2,000 03261517 2,000 03272020 2,000 03283237 2,000 03293611 2,000 03293687 2,000 03300710 2,000 033020001 2,000 03304174 2,000 0340246 2,000 0394855 2,000 04022020 2,000 04025228 2,000 04050011 2,000 04050017 2,000 04070019 2,000 0407143X 2,000 04080010 2,000 04081421 2,000 04091634 2,000 04101689 2,000 04110217 2,000 04132529 2,000 04142117 2,000 04152833 2,000 04173211 2,000 04201225 2,000 04231049 2,000 04243932 2,000 04246016 2,000 04250032 2,000 04272574 2,000 04280924 2,000 04284666 2,000 04285105 2,000 04301811 2,000 0434294 2,000 0470397 2,000 05011819 2,000 05014835 2,000 05015015 2,000 05016050 2,000 05067221 2,000 05075220 2,000 05083623 2,000 05094315 2,000 05102640 2,000 05130031 2,000 0515004X 2,000 05151927 2,000 05170016 2,000 05180019 2,000 05180773 2,000 05200026 2,000 05242816 2,000 05271821 2,000 05280054 2,000 05290217 2,000 05300055 2,000 05311916 2,000 05312973 2,000 05517268 2,000 06032420 2,000 06040016 2,000 06051112 2,000 06051139 2,000 06051823 2,000 06052513 2,000 06053544 2,000 06054811 2,000 06061313 2,000 06070628 2,000 06076638 2,000 06083630 2,000 06090036 2,000 06090514 2,000 06090636 2,000 06100546 2,000 06110038 2,000 06114038 2,000 06145871 2,000 0617391X 2,000 06183819 2,000 06190036 2,000 06190250 2,000 0619103 2,000 06233219 2,000 06240541 2,000 06280021 2,000 06286127 2,000 06290078 2,000 06290968 2,000 0629452X 2,000 06301226 2,000 06305021 2,000 0700724 2,000 07013214 2,000 07020028 2,000 07031829 2,000 07032418 2,000 07052213 2,000 07060348 2,000 07070033 2,000 07078933 2,000 07095820 2,000 07100024 2,000 07101516 2,000 07103334 2,000 07110017 2,000 07131714 2,000 07152031 2,000 07180514 2,000 07190416 2,000 07195796 2,000 07210501 2,000 07220529 2,000 0722241X 2,000 07263414 2,000 0727031X 2,000 07277129 2,000 07281532 2,000 07301020 2,000 07311542 2,000 07314955 2,000 0801001X 2,000 08040012 2,000 08062472 2,000 08077453 2,000 08090214 2,000 08092847 2,000 0811031X 2,000 08131632 2,000 08135812 2,000 08140057 2,000 08140812 2,000 08141519 2,000 08152214 2,000 08157461 2,000 08160060 2,000 08160859 2,000 08163561 2,000 08171743 2,000 08183013 2,000 08190076 2,000 08191076 2,000 08200018 2,000 08210012 2,000 08243065 2,000 08244035 2,000 08254228 2,000 08257217 2,000 08282322 2,000 08311936 2,000 0857677 2,000 0877291 2,000 09016251 2,000 09020031 2,000 09030816 2,000 09040150 2,000 09050218 2,000 09050410 2,000 09051513 2,000 09052016 2,000 09052545 2,000 09084115 2,000 09090331 2,000 09101414 2,000 09102433 2,000 09103614 2,000 09103910 2,000 09111010 2,000 0911261X 2,000 09120016 2,000 0912104X 2,000 0912602X 2,000 09131631 2,000 09142029 2,000 09153053 2,000 Section 4: Applications by giving electronic application instructions to HKSCC via CCASS Page: 2

Results of applications made by giving electronic application instructions to HKSCC via CCASS The following are the identification numbers (where supplied) of wholly or partially successful applicants made by giving electronic application instructions to HKSCC via CCASS and the number of Public Offer conditionally to them. Applicants who have not provided their identification numbers are not shown. 09153113 2,000 09155333 2,000 09163375 2,000 09171773 2,000 09173313 2,000 09180220 2,000 09183615 2,000 09184018 2,000 09201310 2,000 09202423 2,000 09230016 2,000 09230948 2,000 09246019 2,000 09261910 2,000 0926301X 2,000 09265014 2,000 09266636 2,000 09270014 2,000 09274425 2,000 09306917 2,000 0935159 2,000 10011470 2,000 10013011 2,000 10020031 2,000 10020034 2,000 10030049 2,000 1003004X 2,000 10030411 2,000 1003152X 2,000 10040316 2,000 10060025 2,000 10070032 2,000 10070824 2,000 1007531X 2,000 10075922 2,000 10076237 2,000 10093137 2,000 10100013 2,000 1010154X 2,000 101027217 2,000 101052048 2,000 101052515 2,000 1010532X 2,000 101077930 2,000 101090920 2,000 101091644 2,000 10111232 2,000 10111518 2,000 10120421 2,000 101232533 2,000 1014045X 2,000 1014497X 2,000 10153339 2,000 10155835 2,000 1016101X 2,000 10171215 2,000 10186836 2,000 102013310 2,000 10202123X 2,000 102036078 2,000 10210019 2,000 102114832 2,000 10215321 2,000 10217035 2,000 102180115 2,000 102230224 2,000 102240323 2,000 102241630 2,000 10233326 2,000 10240422 2,000 10250031 2,000 10251869 2,000 10276102 2,000 10281248 2,000 10282548 2,000 10285315 2,000 10292111 2,000 10295024 2,000 10300440 2,000 10304618 2,000 103050014 2,000 103115023 2,000 103130821 2,000 10314044 2,000 10314223 2,000 103162025 2,000 103170918 2,000 103171525 2,000 103272865 2,000 103283237 2,000 103300055 6,000 104031725 2,000 104033816 2,000 10408049X 2,000 104110013 2,000 104112579 2,000 104113085 2,000 10412002X 2,000 104130033 2,000 104152833 2,000 104235074 2,000 104300519 2,000 105062017 2,000 105094184 2,000 105111212 2,000 10514211X 2,000 105205024 2,000 105283019 2,000 106030061 2,000 106151526 2,000 106172938 2,000 106231551 2,000 106295449 2,000 10630084X 2,000 107092328 2,000 107130827 2,000 107196519 2,000 107204092 2,000 107220012 2,000 108011614 2,000 108060014 2,000 108112826 2,000 108132823 2,000 10814083X 2,000 10824022X 2,000 108261035 2,000 108282016 2,000 108303736 2,000 109059347 2,000 109085019 2,000 109091011 2,000 109114860 2,000 109260011 2,000 109261071 2,000 109264120 2,000 109274070 2,000 109277894 2,000 109294886 2,000 110022030 2,000 110032010 2,000 110100011 2,000 110102198 2,000 110104195 2,000 110108196 2,000 110108196 2,000 11016150X 2,000 110162113 2,000 110205149 2,000 11021110 2,000 110214084 2,000 110220440 2,000 110221810 2,000 110245429 2,000 110253378 2,000 110255787 2,000 11025838 2,000 110260027 2,000 110283625 2,000 110300042 2,000 11033028 2,000 11036526 2,000 11040096 2,000 11040759 2,000 11063720 2,000 11065149 2,000 1108065X 2,000 11085012 2,000 11095818 2,000 11101310 2,000 11102001X 2,000 111023324 2,000 11120001X 2,000 11120018 2,000 111223721 2,000 11122412 2,000 111228047 2,000 111232212 2,000 11124952 2,000 111272284 2,000 111294610 2,000 11130032X 2,000 11132028 2,000 11147471 2,000 11150360 2,000 11152775 2,000 11154328 2,000 11161640 2,000 11177312 2,000 11184031 2,000 112031729 2,000 11204026 2,000 11211531 2,000 112126326 2,000 11214152X 2,000 112191423 2,000 11220028 2,000 11224112 2,000 112300071 2,000 11230013 2,000 11230015 2,000 Section 4: Applications by giving electronic application instructions to HKSCC via CCASS Page: 3