PepsiCo, Inc. (NasdaqGS:PEP) agreed to acquire 25.8% stake in Natural Food International Holding Limited (SEHK:1837) from SAIF Partners III, L.P., managed by SAIF Partners, Treasure Master International Limited, Bright Natural Limited, One Supreme Limited and others for HKD 1 billion on July 25, 2019. PepsiCo, Inc. will become the second largest shareholder upon the transfer completion. PepsiCo, Inc. will acquire 566.5 million shares in total. In connection with the Share Transfers, NG Benjamin Jin-Ping has tendered his resignation as a non-executive Director of Natural Food International Holding Limited with such resignation to take effect immediately following the Transfer Completion. Completion is expected to take place on July 30, 2019. Simpson Thacher & Bartlett LLP acted as a legal advisor to SAIF Partners III, L.P., managed by SAIF Partners, Treasure Master International Limited, Bright Natural Limited, One Supreme Limited.

PepsiCo, Inc. (NasdaqGS:PEP) cancelled the acquisition of 25.8% stake in Natural Food International Holding Limited (SEHK:1837) from SAIF Partners III, L.P., managed by SAIF Partners, Treasure Master International Limited, Bright Natural Limited, One Supreme Limited and others on July 25, 2020.