Kerry Logistics Network Limited joins forces with Malaysian cargo airline My Jet Xpress Airlines ('My Jet Xpress') to offer customised air freight options within Asia by operating a new solution with the Macau International Airport as the transit hub.

The air freight solution was first introduced in March 2021 by the two
companies to support one of KLN's e-commerce customers who was struggling
at the height of the pandemic to obtain freight capacity from Macau into East
Malaysia and Indonesia. A transit hub was subsequently established in Macau
for three reasons: its proximity to the customer's distribution centre,
its capability to allow carriage of products with batteries and the efficiency
of its customs clearance process. From five flights a month, this efficient,
reliable and cost-effective customised solution now provides seven to eight
flights per week and is going to celebrate its 200th flight soon.

Mr Mohamed Yunos Bin Mohamed Ishak, Chairman of My Jet Xpress, said, "My
Jet Xpress successfully achieved 98% of on-time performance since we catered
to the demand for both these markets. The investment into the new aircraft,
two Boeing 737-800F, is about RM40 million to complement our existing three
Boeing 737-300F and one Boeing 737-400F planes. With the strong e-commerce
market growing rapidly, we acknowledge the consumer demand for greater
transparency, speed, and reliability. We are doing our best to fulfil these
demands and be relevant to the e-commerce growth. It is also consistent with
My Jet Xpress's motto, 'The Way to Go'. We hope to see My Jet
Xpress emerge as one of the main players in the air cargo industry, expanding
not only in Southeast Asia but also throughout Asia with a larger fleet
comprising narrow and wide body aircraft."

Mr Mathieu Biron, Managing Director - Global Freight Forwarding of Kerry
Logistics Network, said, "The pandemic, while challenging, also gave us
an impetus to demonstrate to our customers that we are an agile, flexible and
resilient organisation. We designed and launched solutions that enabled us to
fill the gap between what limited capacity carriers can provide vis-a-vis the
demand from customers. The initiative between My Jet Xpress and KLN is a
perfect example of two partners designing a unique solution to support the
customers, and it proved effective. We would like to thank My Jet Xpress for
partnering with us. I am also proud of our team in the commitment they
displayed throughout these challenging times to think outside the box and
deliver innovative solutions. At KLN, our focus is on creating value for our

Following the success of the Macau solution, My Jet Xpress and KLN are
expanding their partnership by introducing more solutions to support the
market with scheduled services from Kuala Lumpur and Shenzhen to destinations
within Southeast Asia and the Indian subcontinent. By offering scheduled
flights and dedicated charters, as well as value-added services including
cross-border trucking, warehouse storage and last mile delivery, the new
services will be able to support the rapid surge of the e-commerce market, the
spike in freight demand and capacity challenges going into the peak season.