Tenwow International : Announcements and Notices - Voluntary Announcement Strategic Procurement Cooperation Agreement with Fosun

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(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 01219)

VOLUNTARY ANNOUNCEMENT

STRATEGIC PROCUREMENT COOPERATION AGREEMENT WITH FOSUN

This announcement is made by Tenwow International Holdings Limited (the ''Company''

and together with its subsidiaries, the ''Group'') on a voluntary basis.

STRATEGIC PROCUREMENT COOPERATION AGREEMENT

The board of directors of the Company (the ''Board'') is pleased to announced that, on 17 January 2017, the Company entered into a strategic procurement cooperation agreement (the ''Strategic Procurement Cooperation Agreement'') with Shanghai Fosun High Technology

(Group) Co., Ltd.* (上海復星高科技(集團)有限公司) (''Fosun High Tech'', together with

the Company, the ''Parties''), a direct wholly owned subsidiary of Fosun International Limited (''Fosun'').

As disclosed in the announcement of the Company dated 3 November 2016 (the ''Announcement''), the Company and Fosun Industrial Holdings Limited (復星產業控股有 限公司), a wholly-owned subsidiary of Fosun, entered into a strategic cooperation agreement

on 3 November 2016 (the ''Existing Strategic Cooperation Agreement'') to reach an understanding on a framework for developing a strategic cooperative relationship for food and beverage business development between the parties.

After completion of the subscription of shares in the Company by Market Genius Limited, an affiliate of Fosun, on 19 December 2016 (the ''Subscription'') and to further strengthen the business relationship between the Company and Fosun, the Parties entered into the Strategic Procurement Cooperation Agreement to further extend the scope of cooperation as previously agreed under the Existing Strategic Cooperation Agreement.

Pursuant to the Strategic Procurement Cooperation Agreement, the Parties have agreed that, among others, the Company shall be a strategic procurement cooperation supplier of Fosun High Tech and its affiliated companies (together the ''Fosun Group'') for packaged food, including but not limited to, alcoholic beverages, non-alcoholic beverages, snacks and others. Members of the Fosun Group will enter into separate agreements with the Group in relation to their purchases of products. The Strategic Procurement Cooperation Agreement shall remain in effect for a period of three years from the date of execution.

REASONS FOR AND BENEFITS OF ENTERING INTO THE STRATEGIC PROCUREMENT COOPERATION AGREEMENT

The Board believes that the Strategic Procurement Cooperation Agreement would strengthen the existing business relationship between the Parties, provide a valuable opportunity to further leverage on their respective resources and expertise, further enhance the brand recognition, and brings mutual benefits to the Parties. In particular, as the strategic procurement cooperation supplier of Fosun, it will generate further growth for the Company by exploiting the business opportunities within the extensive network of Fosun Group. The Strategic Procurement Cooperation Agreement also marks further step in developing a closer relationship between the Company and Fosun, following the completion of the Subscription. All the terms and conditions of the Strategic Procurement Cooperation Agreement are negotiated on arm's length basis. The Board considers that the terms of the Strategic Procurement Cooperation Agreement are fair and reasonable and in the interest of the shareholders of the Company as a whole.

GENERAL INFORMATION

Fosun High Tech is a limited liability company established in the PRC, and a direct wholly owned subsidiary of Fosun. Fosun is a company incorporated in Hong Kong with limited liability, and is listed on the Main Board of The Stock Exchange of Hong Kong Limited (Stock Code: 656). Fosun's principal business includes integrated finance (wealth) and industrial operations. The integrated finance (wealth) business includes three major segments: insurance, investment, wealth management and innovative finance; the industrial operations business includes four key segments: health, happiness, property development and sales, resources.

Market Genius Limited, an affiliate of Fosun, is a shareholder of the Company which holds 6.00% of the issued share capital of the Company as at the date of this announcement.

The Group is a packaged food and beverage producer and distributor in China which operates a unique business model of producing and distributing a comprehensive range of products, ranging from alcoholic beverages, food and snacks, non-alcoholic beverages to other fast moving consumer goods, through a well-established distribution network across China.

Save as disclosed above, to the best knowledge, information and belief of the directors of the Company, having made all reasonable enquiries, Fosun High Tech and its ultimate beneficial owners are third parties independent of the Company and the connected person (as defined in the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited) of the Company.

Shareholders and potential investors of the Company should note that the Strategic Procurement Cooperation Agreement only sets out the framework of the strategic cooperation between the Company and Fosun High Tech and are advised to exercise caution when dealing in the securities of the Company.

On Behalf of the Board

Tenwow International Holdings Limited Lin Jianhua

Chairman

Hong Kong, 17 January 2017

As at the date of this announcement, the executive directors are Mr. Lin Jianhua, Mr. Wang Juewei, Mr. Lam Hang Boris, Mr. Yeung Yue Ming and Ms. Au Lai Hang; the non-executive director is Mr. Liu Zhao; and the independent non-executive directors are Mr. Liu Chang Tzong, Mr. Cheung Yui Kai Warren and Mr. Wang Longgen.

* for identification purposes only