Press releases

Hong Kong,19 May 2016 — Li & Fung Limited (“Li & Fung,” “the Group,” or “the Company;” SEHK: 494), the world’s leader in consumer goods design, development, sourcing and logistics, today held its Annual General Meeting in Hong Kong. During the meeting, all shareholder resolutions were approved and adopted.

The shareholders received and adopted the Audited Consolidated Financial Statements and the Reports of the Directors and the Auditor for the year ended 31 December 2015. In addition, the declaration of a final dividend of 15 HK cents per share for the year ended 31 December 2015, as announced on 17 March 2016, was approved.

The shareholders also re-elected Victor Fung, Paul Selway-Swift, Allan Wong and Margaret Leung to the Board of Directors, and re-appointed PricewaterhouseCoopers (PwC) as Auditor and authorized the Board of Directors to fix PwC’s remuneration.

Lastly, consistent with approved resolutions last year, a general mandate has been given allowing Directors to repurchase shares of the Company of up to 10%, and another general mandate to the Directors allowing them to issue and deal with additional shares of the Company of up to 10%.

For more information, please refer to the notice of Annual General Meeting that was issued to the Hong Kong Stock Exchange on 18 April 2016 and our recently published 2015 Annual Report.