Investor Presentaiton

The Air Products Proposal The possible Air Products offer was disclosed on January 8, 2017 • • • • • Air Products sent a letter to us on 29 December 2016 - - Air Products proposed the acquisition of all of the outstanding shares of Yingde, on a fully-diluted basis, at a price of HK$5.50 per share in cash If permitted to conduct a customary due diligence on the Company, Air Products could potentially offer a price as high as HK$6.0 per share The consummation of any offer would also be subject to antitrust approval from the Ministry of Commerce of the People's Republic of China and any other required regulatory approvals It does not represent a "firm" offer to buy the company under Takeovers Code Air Products "reserve the right to pursue, alternative transaction structures including a voluntary general offer"... The Company is working on addressing Air Products' request for customary due diligence while we evaluate the offer There is no proposal yet for the Yingde Independent Board Committee to review YINGDE GASES GROUP COMPANY LIMITED 盈德氣體集團有限公司 13

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