Nine Express : PROPOSED FURTHER CHANGE OF COMPANY NAME

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NINE EXPRESS LIMITED

(incorporated in Bermuda with limited liability)

(Stock Code: 00009)

PROPOSED FURTHER CHANGE OF COMPANY NAME

Reference is made to the Company's circular and announcement dated 9 October 2019 and 1 November 2019 respectively in relation to the change of the Company's name from "Nine Express Limited" to "KEYNE INC.", and the adoption of a new Chinese name "金奧國際股份有 限公司" for identification purpose only. The Board wishes to announce that the Company has proposed to instead change the name to "KEYNE LTD" while the Chinese name "金奧國際股份 有限公司" for identification purpose only shall remain unchanged.

A circular containing, among other things, details of the proposed Further Change of Company Name, together with the notice of SGM will be despatched to the Shareholders as soon as practicable.

Reference is made to the circular (the "Circular") dated 9 October 2019 and the announcement (the "Announcement") of Nine Express Limited (the "Company") dated 1 November 2019 in relation to the proposed change of the Company's name from "Nine Express Limited" (the "Present Name") to "KEYNE INC." (the "Proposed Name"). The change of name was approved by the Company's shareholders (the "Shareholders") by way of poll at the special general meeting held on 1 November 2019. Definitions and terms used in this announcement, unless the context requires otherwise, shall bear the same meanings as defined in the Circular.

Having obtained Shareholders' approval at the special general meeting on 1 November 2019, the Company then submitted an application on 11 November 2019 to the Registrar of Companies in Bermuda (the "Registrar") to change the Present Name of the Company to the Proposed Name. However, the application was rejected by the Registrar for the reason that the Proposed Name is not permissible for registration as the name of the Company.

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As a result, the Board decided to further change the Company's name to "KEYNE LTD" (the "Newly Proposed Name") and the Chinese name for identification purpose only of "金奧國際股份有限公司" shall remain unchanged (the "Further Change of Company Name"). It is confirmed that the Newly Proposed Name is permissible for registration with the Registrar.

CONDITIONS OF THE FURTHER CHANGE OF COMPANY NAME

The proposed Further Change of Name will be subject to the following conditions:

1. the passing of a special resolution by the Shareholders approving the Further Change of Company Name at a special general meeting of the Company (the "SGM"); and
2. the approval by the Registrar of Companies in Bermuda for the Further Change of Company Name.

Subject to the satisfaction of the conditions set out above, the Further Change of Company Name will take effect from the date of the certificate of incorporation on change of company name to be issued by the Registrar of Companies in Bermuda in respect of the Further Change of Company Name. The Company will carry out all necessary filing procedures with the Companies Registry in Hong Kong upon the Change of Company Name becoming effective.

EFFECTS OF THE FURTHER CHANGE OF COMPANY NAME

The Further Change of Company Name will not affect any of the rights of the existing Shareholders. Once the Further Change of Company Name becomes effective, any issue of share certificates of the Company thereafter will be in the new name of the Company and the shares of the Company will be traded on the Stock Exchange in the new name of the Company. All existing share certificates of the Company in issue bearing the current name of the Company will, after the Further Change of Company Name becoming effective, continue to be evidence of title to the shares of the Company and will continue to be valid for trading, settlement, registration and delivery purposes for the same number of shares in the new name of the Company.

There will not be any arrangement for free exchange of the existing share certificates of the Company for new share certificates bearing the new name of the Company.

The Company will make further announcement(s) on the effective dates of the Further Change of Company Name and the new stock short name of the Company under which the shares of the Company will be traded on the Stock Exchange.

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GENERAL

The SGM will be convened and held for the Shareholders to consider and, if thought fit, approve the special resolution for the Further Change of Company Name. A circular containing, among other things, details of the proposed Further Change of Company Name, together with the notice of the SGM and the related proxy form will be despatched to the Shareholders as soon as practicable.

By order of the Board

Nine Express Limited

ZHANG LI

Executive Director and Chief Executive Officer

Hong Kong, 17 December 2019

As at the date of this announcement, the Board comprises six Directors, of which the executive Directors are Ms. Qian Ling Ling (Chairman), Mr. Zhang Li (Chief Executive Officer) and Mr. Xiang Junjie; and the independent non-executive Directors are Mr. Tsui Pui Hung, Mr. Tang Ping Sum and Mr. Chiu Sin Nang, Kenny.

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