SPH Notice – Li Wang

100080615/3821103.1
Disclosure of movement of 1% or more in substantial holding
or change in nature of relevant interest, or both
Sections 277 and 278, Financial Markets Conduct Act 2013
Note: This form must be completed in accordance with the instructions at the end of the
form.
To NZX Limited
and
To Comvita Limited
Relevant event being disclosed: Amendment to disclosure made on 10 April 2019. Li Wang
will now receive 80% of the 4,050,000 ordinary shares issued by Comvita Limited to
Custodial Services Limited.
Date of relevant event: 31 May 2019
Date this disclosure made: 5 June 2019
Date last disclosure made: 10 April 2019
Substantial product holder(s) giving disclosure
Full name(s): Li Wang
Summary of substantial holding
Class of quoted voting products: Ordinary shares (CVT)
Summary for Li Wang
For this disclosure,—
(a) total number held in class: Direct holding of 5,112,736 shares and beneficial holding
of 3,240,000 shares held in escrow with Custodial Services Limited, resulting in a total
relevant interest in 8,352,736 shares.
(b) total in class: 49,686,689
(c) total percentage held in class: 16.81%
For last disclosure,—
(a) total number held in class: 9,162,736 *
(b) total in class: 49,672,128 *
(c) total percentage held in class: 18.45 % *
* amended to exclude Treasury stock.

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Details of transactions and events giving rise to relevant event
Details of the transactions or other events requiring disclosure: On 10 April 2019 Comvita
Limited issued 4,050,000 shares to Li Wang in consideration for the acquisition of the
remaining 49% of its China Joint Venture, Comvita currently holds the remaining 51% of
each of Comvita Food (China) limited and Comvita China Limited which collectively form
the China Joint Venture. The consideration has a cash value of $4.35 per share. The
4,050,000 shares were issued to Custodial Services Limited to be held in escrow for the
benefit of Li Wang pending completion of certain conditions pursuant to the terms of an
Escrow Deed dated 10 April 2019.
On 31 May 2019 at the request of the sellers, the nominated parties of the sellers for the
consideration payment has been altered. 4,050,000 shares will now be transferred to its
nominated parties in proportion of Li Wang 80% and Li Sun 20% pending completion of
certain conditions pursuant to the terms of an Escrow Deed dated 10 April 2019.
No agreement need be attached to this notice as a result of regulation 141 of the Financial
Markets Conduct Regulations.
Details after relevant event
Details for Li Wang
Nature of relevant interest(s): registered holder and beneficial holder of shares
For that relevant interest,—
(a) number held in class: Direct holding of 5,112,736 shares and beneficial holding of
3,240,000 shares held in escrow with Custodial Services Limited, resulting in a total
relevant interest in 8,352,736 shares.
(b) percentage held in class: 16.81%
(c) current registered holder(s): Li Wang
(d) registered holder(s) once transfers are registered: Li Wang – 5,112,736 shares;
Custodial Services Limited – 3,240,000 shares
For a derivative relevant interest, also—
(a) type of derivative: Not applicable
(b) details of derivative: Not applicable
(c) parties to the derivative: Not applicable
(d) if the substantial product holder is not a party to the derivative, the nature of the
relevant interest in the derivative: Not applicable
Additional information
Address(es) of substantial product holder(s): Flat 1, 11 Rangiatea Road, Epsom, Auckland,
1023, New Zealand
Contact details: Li Wang, Laurel.wl@hotmail.com

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Name of any other person believed to have given, or believed to be required to give, a
disclosure under the Financial Markets Conduct Act 2013 in relation to the financial
products to which this disclosure relates: Not applicable
Certification
I, Li Wang, certify that to the best of my knowledge and belief, the information contained
in this disclosure is correct and that I am duly authorised to make this disclosure by all
persons for whom it is made.