Frontier Services : To Launch New Infrastructure Business Segment Seizing 'The Belt and Road' Initiative Business Opportunity (in PDF)

For Immediate Release

(Incorporated in Bermuda with limited liability）

(Stock code: 500.HK）

Frontier Services Group

To Launch New Infrastructure Business Segment

Seizing The "Belt and Road" Initiative Business Opportunity

(Hong Kong, 2 April 2019) Frontier Services Group ("FSG" or "Group"; Stock code: 500.HK), today announced the launch of the new infrastructure business unit, the fourth main business segment of the Group, after Security, Logistics and Insurance.

FSG will provide critical infrastructure project solutions encompassing planning and management, financing, construction and logistics, helping clients to manage their entire project value chains. The infrastructure business unit will focus on transportation corridors, energy and logistics networks as well as social housing projects in Africa and South East Asia, echoing China's "Belt and Road" initiative. The Group intends to take part in these projects through equity investment. The new infrastructure segment will be supported by FSG's existing capabilities to ensure advantages in securing and working on large projects, while at the same time driving demand for FSG's services and creating synergies among its resources.

China CITIC Group Corporation Ltd. has increased its shareholdings of FSG last year, maintaining as the Group's single largest shareholder. In addition, Mr. Chang Zhenming, Chairman of China CITIC Group, was appointed Chairman of the Board and a non-executive Director of FSG in December 2018, showing tremendous support to FSG's future development. FSG has established a market-leading diversified and multi-disciplinary management and operating team equipped with extensive "Belt and Road" project experience. Their outstanding capabilities in security, logistics and insurance, combined with the Group's global network of government and cooperative relationships with government as well as international financing channels will enable the delivery of turn-key solutions in frontier markets. Leveraging these unique advantages, the Group enters the "Belt & Road" infrastructure market with confidence.

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About Frontier Services Group

Frontier Services Group Limited ("FSG") (Stock code: 500.HK) is a publicly listed company on the Hong Kong Stock Exchange with its headquarters in Hong Kong and branch offices located in Beijing, Shanghai, Dubai, Nairobi, Malta and Johannesburg. As an integrated service provider of security, logistics, insurance and engineering for companies operating in the frontier market, FSG's team is global, multilingual and highly diversified. Their extensive local knowledge and experience will enable the delivery of first-class services to clients operating in complex frontier environments.

FSG focuses on four major geographical regions along the Belt and Road Initiative: East Africa, Northwest, Southwest and Middle East. The Group's clients span various industries including finance, oil and gas, mining, energy and infrastructure.

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