Pteris Global Limited

1.
AWARD OF RMB71 MILLION CONTRACT BY EASTERN AIR
LOGISTIC CO., LTD.
2.
SUPPLY OF SYSTEMS TO SF EXPRESS PURSUANT TO
STRATEGIC FRAMEWORK AGREEMENT
SINGAPORE, 11 May 2015 – The board of directors (the “Board” or “Directors”) of
Pteris Global Limited (德利国际有限公司) (“Pteris Global” or the “Company”, and
together with its subsidiaries, “Pteris Group”) is pleased to announce that Shenzhen
CIMC-TianDa Airport Support Co. Ltd. ( 深 圳 中 集 天 达 空 港 设 备 有 限 公 司 )
(“CIMC-Tianda”) (a subsidiary of the Company) has received a letter of award from
Eastern Air Logistic Co. Ltd. (东方航空物流有限公司) (“EAL”) for the supply and
installation of cargo handling system equipment for Shanghai Pudong International
Airport's west cargo area (the “EAL Contract”). The EAL Contract is valued at
approximately RMB71 million and the project is expected to be completed by the
end of 2016.
The EAL Contract is followed by the recent award of contract to CIMC-Tianda by
Yinchuan Hedong International Airport (银川河东国际机场) (“Yinchuan Airport”)
for the supply and installation of 25 fixed bridges and 15 passenger boarding bridges
for the Yinchuan Airport (the “Yinchuan Contract”). The Yinchuan Contract is valued
at more than RMB43 million and is expected to be completed by June 2016.
The Board is also pleased to announce that Pteris Global (Suzhou) Limited, another
subsidiary of the Company, has recently entered into a strategic framework
agreement with SF Express for the supply of sort systems to SF Express. SF Express is
a dominant player in express courier handling market in China, with over
12,000 service centers covering 31 provinces, municipalities and autonomous regions,
as well as more than 300 large and medium-sized cities and over 1,900 county-level
cities or districts in China. Pteris Global (Suzhou) Limited has, since February 2015,
been awarded 6 contracts for the delivery of sort systems located in Shanghai,
Hangzhou, Tangshan and other eastern regions of China for a total contract value of
approximately RMB95 million, and barring unforeseen circumstances, these projects
are expected to be completed within 2015.
The EAL Contract, the Yinchuan Contract and the strategic framework agreement
with SF Express are expected to contribute positively to the earnings of the Pteris
Group in the current financial year ending 31 December 2015.
Save for their shareholdings in the Company, none of the Directors or controlling
shareholders of the Company has any interest, direct or indirect, in the EAL Contract,
Yinchuan Contract and strategic framework agreement with SF Express.
About Pteris Global Limited and Shenzhen CIMC-TianDa Airport Support Co ., Ltd
Incorporated in 1979, Pteris Global Limited (“Pteris”), formerly known as Inter-Roller
Engineering Limited, is one of the leading global provider for integrated airport logistics
solutions such as airport baggage handling, in-flight catering, air cargo handling and express
courier handling systems.
Shenzhen CIMC-Tianda Airport Support Co. Ltd. (“CIMC-Tianda) is one of the leading global
provider for airport passenger boarding bridges. CIMC-Tianda also manufactures and supplies
airport ground support equipment, materials handling systems and automated parking
systems.
Following the completion of the reverse takeover of Pteris by Shenzhen CIMC-Tianda Airport
Support Ltd (“CIMC-Tianda”) in August 2014, Pteris’ existing operations has merged with
CIMC-Tianda to form an Enlarged Group. The Enlarged Group is a subsidiary of China
International Marine Containers (Group)Ltd. (中国国际海运集装箱(集团)股份有限公司).
About China International Marine Containers (Gro up) Ltd
Listed on the Hong Kong and Shenzhen Stock Exchanges, China International Marine
Containers (Group) Ltd. (中国国际海运集装箱(集团)股份有限公司) (“CIMC Group”) is a
leading global conglomerate in the manufacture and supply of containers, special purpose
vehicles and heavy trucks, equipment for the energy, chemicals and liquid food industries and
offshore engineering. CIMC Group’s other businesses include the manufacture of railway
trucks and equipment, real estate development and financial leasing. CIMC Group’s key
shareholders include China Ocean Shipping (Group) Company(COSCO) and China
Merchants Holdings.
With annual sales of approximately US$10 billion and PATMI of US$350 million in 2013, CIMC
Group’s business operations consist of over 200 global subsidiaries with over 60,000
employees spanning across China, North America, Europe, Asia and Australia.
This media release has been prepared by the Company and its contents have been reviewed
by the Company’s Sponsor (“Sponsor”), Canaccord Genuity Singapore Pte. Ltd., for
compliance with the relevant rules of the Singapore Exchange Securities Trading Limited
(“SGX-ST”). The Sponsor has not independently verified the contents of this media release.
This media release has not been examined or approved by the SGX-ST and the SGX-ST
assumes no responsibility for the contents of this media release, including the correctness of
any of the statements or opinions made or reports contained in this media release.
The contact person for the Sponsor is Ms Alice Ng, Director and Head of Continuing
Sponsorship, Canaccord Genuity Singapore Pte. Ltd. at 77 Robinson Road #21-02 Singapore
068896, telephone (65) 6854 6160.