About NISSIN FOODS Company

We are a leading food company focusing on the high-quality instant noodles market in Hong Kong and mainland China. Our many brands are not only well known, but also loved by customers. According to Frost & Sullivan's data, high-quality instant noodles in the instant noodle market in Hong Kong, China and mainland China are defined as high-quality instant noodles. The price is usually over HK$6.00/ RMB 5.00 per cup/ bowl/bag. According to Frost & Sullivan, over the past five years, we have been the largest instant noodle company in Hong Kong, China. In terms of retail sales and retail sales in 2016, we accounted for about 65.3% and 62.6% of the total instant noodles market in Hong Kong, China, respectively. According to Frost & Sullivan's data, although we are the fifth and sixth largest instant noodles company in China, accounting for about 2.8% and 1.4% of the total instant noodle market in China in terms of retail sales in 2016, we ranked second in the Chinese premium instant noodle market in terms of retail sales in 2016, accounting for about 19.8% of the overall market for high-quality instant noodles in China. In addition, we are also engaged in the production and sale of high-quality frozen foods, including frozen snacks and frozen noodles, as well as other food and beverage products including packaged cooking products, snacks, mineral water and sauces. According to Frost & Sullivan, we are also the second-largest frozen dim sum company in Hong Kong, China. In terms of retail sales and retail sales in 2016, we accounted for about 25.2% and 23.8% of the total frozen dim sum market in Hong Kong, China, respectively. We mainly sell our products wholesale to third party distributors. Our distributors then resell our products to their secondary distributors. In addition, we also sell a number of products directly to retailers, mainly supermarkets, hypermarkets and convenience stores, as well as other direct customers (mainly including restaurants, hotels, airlines and other companies), thereby minimizing some sales and distribution costs. With an established sales and distribution network spread across Hong Kong and mainland China, we mainly target consumers with high consumption capacity who are in dire need of high-quality instant noodles, high-quality frozen foods and other food products. In addition, we also sell a small number of products (mainly instant noodles) to Macau, China, Taiwan, and some overseas countries (such as the United States, Canada, the United Kingdom and Australia), targeting the Chinese community. As of December 31, 2016, we have had an average of over six years of business relationships with our five major customers. Nissin Japan is a leader in the global instant noodle industry. It is committed to changing the food culture of people around the world, and has a strong pioneering advantage in the production know-how and technology of its own food. However, we are still continuously improving our R&D capabilities to strive for excellence and improve to optimize and develop our production technology and processes, so that our food can meet the tastes and preferences of local consumers. As of December 31, 2016, we are able to provide more than 520 stock units of food from various product brands and ready-to-eat noodles in more than 230 flavors in Hong Kong, China and mainland China. We currently manufacture most of our food products and packaging materials through nine production facilities strategically located in Hong Kong and mainland China. We have also entered into various outsourcing and procurement arrangements with third party contract manufacturers and/or suppliers to manufacture and/or supply some of our and other brands of instant noodles, frozen foods and other food and beverage products.