TRS Signs Term Sheet with LIDA

TRS INVESTMENTS LTD


Correspondence: Registered Office:
PO Box 26448 Level 2
Epsom Tower Building
Auckland 1344 50 Customhouse Quay
Wellington




11 December 2017


TRS: Market Update on Transaction

In recent announcements to the market TRS Investments Limited (NZX: TRS)
indicated that it expected to enter into a term sheet to introduce a new business into
TRS. The Board of TRS is pleased to announce that TRS has signed a conditional
term sheet today with Shenyang LIDA Agricultural Science and Technology
Group Limited (“LIDA”) of China.

The planned transaction will combine LIDA with TRS in exchange for 75% new
shares in TRS to create an international group focused on horticultural
consumable, health and cosmetic products in China, Australia and New Zealand.

The term sheet expresses the intentions of the parties. The intended transaction will
take legal effect through the entry into a Share Subscription Agreement among
other agreements. The transaction will be conditional on obtaining shareholder
approval, any other legal or regulatory approvals and due diligence. The name of
TRS will change at the completion of the transaction.

On signing the term sheet today, LIDA has paid a NZ$40,000 deposit as the first
instalment towards the costs of the transaction.

LIDA is headquartered and operates in Shenyang in China and is focused on the
fast growing plant-based consumable, health and cosmetic market.

The TRS Board looks forward to working with LIDA to complete this transaction
and making the combined company a successful global company.

Further details will be released to the market as the transaction progresses in the
New Year.

Joseph van Wijk
Director
Email: josephvanwijk@xtra.co.nz
Mob: 027 300 9291