Worldgate Global Logistics : appointment of executive director

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.

WORLDGATE GLOBAL LOGISTICS LTD 盛良物流有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 8292)

APPOINTMENT OF EXECUTIVE DIRECTOR

The board (the "Board") of directors (the "Directors") of WORLDGATE GLOBAL LOGISTICS LTD (the "Company") is pleased to announce that Ms. Wen Jianping ("Ms. Wen") has been appointed as an executive Director with effect from 16 January 2018.

Ms. Wen, aged 28, has experiences in catering services, catering management, and hotel management. She is currently a general manager of Zhanjiang Tai Run Hotel Limited Limited* (湛江泰潤大酒店有限公司) and Guangxi Bamboo Fuxing Biological Technology Limited* (廣西竹福星生物科技有限公司). From November 2015 to January 2017, Ms. Wen served as a general manager in Guangxi Tai Run Hotel Limited* (廣西泰潤酒店有限 公司).

Ms. Wen has not entered into any service agreement nor has any specified or proposed length of service with the Company in respect of her appointment, but she is subject to retirement by rotation and re-election at the general meeting of the Company in accordance with the articles of association of the Company.

Ms. Wen will be entitled to a director's fee of HK$120,000 per annum, which has been recommended by the remuneration committee of the Company and determined by the Board with reference to her duties and responsibilities with the Company and its subsidiaries (the "Group") and the market benchmark.

* for identification purpose only

As at the date of this announcement, except for the holding of 10,000,000 shares, representing 1.25% of the issued share capital of the Company by Ms. Wen. She did not (i) hold any other position with the Group; (ii) hold any directorships held in the last three years in other listed companies; (iii) have other major appointments and professional qualifications; (iv) have any interests or underlying interests in the shares of the Company within the meaning of Part XV of the Securities and Future Ordinance (Chapter 571 of the Laws of Hong Kong); and (v) have any relationship with any Directors, senior management of the Company, substantial shareholders or controlling shareholders of the Company.

Save as disclosed above, there is no other matter that need to be brought to the attention of the shareholders of the Company nor other information relating to Ms. Wen is required to be disclosed pursuant to Rule 17.50(2)(h) to (v) of the Rules (the "GEM Listing Rules")

Governing the Listing of Securities on the Growth Enterprise Market (the "GEM") of The Stock Exchange of Hong Kong Limited.

The Board would like to take this opportunity to welcome Ms. Wen to join the Company.

By order of the Board

WORLDGATE GLOBAL LOGISTICS LTD

Lee Chooi Seng

Chairman

Hong Kong, 16 January 2018

As at the date of this announcement, the executive Directors are Mr. Lee Chooi Seng, Mr. Chin Seng Leong and Ms. Wen Jianping; the non-executive Director is Dato' Tan Yee Boon; and the independent non-executive Directors are Mr. Lee Kwok Tung Louis, Mr. Liew Weng Keat and Mr. Wong Siu Keung Joe.

This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the GEM Listing Rules for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that to the best of their knowledge and belief the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading.

This announcement will remain on the ''Latest Company Announcements'' page of the GEM website at http://www.hkgem.comfor a minimum period of seven days from the date of its publication and on the Company's website athttp://www.worldgate.com.hk.