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361 Degrees International Limited 361 (Incorporated in the Cayman Islands with limited liability) (Stock Code: 1361) APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR AND MEMBER OF AUDIT COMMITTEE AND NOMINATION COMMITTEE

The Board is pleased to announce that the Board has resolved to appoint Mr. Tsui Yung Kwok as an independent non-executive director, a member of the audit committee and the nomination committee of the Company, with effect from 1 September 2012.

The board of directors (the "Board") of 361 Degrees International Limited (the "Company") is pleased to announce that the Board has resolved to appoint Mr. Tsui Yung Kwok ("Mr. Tsui") as an independent non- executive director, a member of the audit committee and the nomination committee of the Company with effect from 1 September 2012.
Mr. Tsui, aged 43, was awarded a bachelor degree in Business (Accounting) by Curtin University of Technology, Australia and a master degree in Corporate Governance by The Hong Kong Polytechnic University. Mr. Tsui has nearly 20 years of experience in accounting and finance. He held a senior position in an international accounting firm in Hong Kong and was the chief financial officer of a Hong Kong listed company. Mr. Tsui has been the chief financial officer and the company secretary of Ju Teng International Holdings Limited, a company listed on the Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange") (Stock Code: 03336) since 2004. Mr. Tsui became an executive director of Ju Teng International Holdings Limited in June 2005.
Mr. Tsui is currently an independent non-executive director and chairman of audit committee of Shenguan Holdings (Group) Limited, a company listed on the Hong Kong Stock Exchange (Stock Code: 00829). Mr. Tsui is also currently an independent non-executive director, chairman of audit committee and a member of the remuneration committee of SITC International Holdings Limited, a company listed on the Hong Kong Stock Exchange (Stock Code: 01308). Mr. Tsui is a member of the Institute of Chartered Accountants in Australia, CPA Australia, the Hong Kong Institute of Certified Public Accountants and the Hong Kong Institute of Chartered Secretaries.

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Save as disclosed above, Mr. Tsui has not held any other directorships in other listed public companies which are listed on any securities market in Hong Kong or other places in the past three years and does not hold any other position with the Company and its subsidiaries. Mr. Tsui has entered into a service contract with the Company detailing the terms of his appointment. Mr. Tsui has been appointed for an initial term of 3 years commencing from 1 September 2012 which may be terminated by either party furnishing written notice of not less than 3 months and in any event subject to rotation, retirement and re-election pursuant to the articles of association of the Company. Mr. Tsui is entitled to a director's remuneration of HK$420,000 per annum. Mr. Tsui's remuneration is determined with reference to the market rate and his experience and qualification. Save as disclosed above, Mr. Tsui has no relationship with any director, senior management, substantial shareholder or controlling shareholder of the Company nor does he have any other interest in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the laws of Hong Kong as at the date of this announcement). Save as disclosed, there are no other matters that need to be brought to the attention of the shareholders of the Company and no other information that is required to be disclosed pursuant to Rule 13.51(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.
The Board would like to welcome Mr. Tsui in joining the Company.
By Order of the Board

361 DEGREES INTERNATIONAL LIMITED Ding Wuhao

Executive Director

Hong Kong, 22 August, 2012

As at the date of this announcement, the board of directors of the Company comprises four executive directors, namely Mr. Ding Wuhao, Mr. Ding Huihuang, Mr. Ding Huirong and Mr. Wang Jiabi, and three independent non-executive directors, namely, Mr. Yan Man Sing Frankie, Mr. Sun Xianhong and Mr. Liu Jianxing.

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