Double Win as Kerry Logistics Takes Home Two Top Awards at Payload Asia Awards 2017

Double Win as Kerry Logistics Takes Home Two Top Awards at Payload Asia Awards 2017 Hong Kong, 13 October 2017

Kerry Logistics Network Limited ('Kerry Logistics'; Stock Code 636.HK) continued to reinforce its leading position in the air cargo industry by taking home the Global Logistics Provider of the Year award for the fourth consecutive year and the Regional Express Provider of the Year award for the first time at the Payload Asia Awards 2017 ('the Awards') held in Singapore last night.

Organised annually by Payload Asia Magazine, the Awards celebrate excellence in the global air cargo market. Kerry Logistics was nominated by multinational corporations and evaluated based on its unique market leadership, outstanding operational performance and passion to drive innovation. All winners were selected through a dual-track programme which comprised voting by the public and an international panel of expert judges, reflecting the recognition from customers and peers in equal measure.

On winning the awards, Gary So, Deputy Managing Director of Kerry Logistics, said, "We are thrilled to win two top awards in one night, in particular the Regional Express Provider of the Year for the very first time. The accolades not only recognise our commitment in offering best-in-class supply chain solutions to our customers, but also commend our devotion to building a regional express network as well as providing innovative and cost-competitive last-mile delivery services in Asia. They are also testaments to our global teams' hard work and dedication. We will carry on doing our best to repay the enduring trust our customers and partners have in us."

Kerry Logistics' express business continues to capture growth opportunities arising from increased e-commerce volume and cross-border logistics activities through its express platform across Thailand, Vietnam, Malaysia and Cambodia. In 2017 Q2, the company formed a joint venture with a local express operator in Indonesia to tap into the booming local express market. Singapore will be the next target for expansion. With the strongest network in Asia, Kerry Logistics strives to provide alternative options and greater flexibility to its international customers, and anticipates further reinforcement of services and coverage across its global network befitting its position as a market leader.

/ Gary So, Deputy Managing Director of Kerry Logistics (left) received the Global Logistics Provider of the Year award and the Regional Express Provider of the Year award at the Payload Asia Awards 2017

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About Payload Asia Established in 1984, Payload Asia continues to be the authoritative source for informative, accurate and up-to-date news and information on the air cargo industry and related sectors. It is a respected industry voice of the air freight industry in the Asia-Pacific and India-Middle East regions. With experienced air cargo correspondents around the world reporting to the publication's editor based in Singapore, Payload Asia's breadth and depth of news and analysis of industry developments and trends from an Asian regional perspective is unparalleled.About Kerry Logistics Network Limited (Stock Code 636.HK) Kerry Logistics is an Asia-based, global 3PL with the strongest network in Asia. Its core competency is providing highly customised solutions to multinational corporations and international brands to enhance their supply chain efficiency, reduce overall costs and improve response time to market. It currently has more than 1,000 service points in 51 countries and territories, and is managing 48 million sq ft of land and logistics facilities worldwide, providing customers with high reliability and flexibility to support their expansion and long-term growth. Kerry Logistics Network Limited is listed on the Main Board of the Hong Kong Stock Exchange and is a selected Member of the Hang Seng Corporate Sustainability Index Series 2017-2018.