IQ-AI Regulatory News (IQAI)

Flying Brands Limited

Notice of AGM

The Directors of Flying Brands Limited (the "Company" or "Flying Brands") are pleased to announce that the Company's Annual Report and Financial Statements for the year ended 31 December 2015 and the Notice of the Annual General Meeting have been posted to shareholders.

The AGM will be held at Anglo Saxon Trust Limited / Jackson Fox, P. O. Box 264, Forum 4, Grenville Street, St Helier, Jersey, Channel Islands, JE4 8TQ on 27 May 2016 at 10.30 a.m.

The resolutions to be proposed at the AGM are:

Ordinary business

1. To receive, approve and adopt the Company's audited financial statements, together with the reports of the directors and the auditor, for the year ended 31 December 2015.

2. To re-elect as a director of the Company, Qu Li (who retires as a director in accordance with the Articles of Association of the Company) and who, being eligible, offers herself for re-election.

3. To appoint Welbeck Associates as auditors of the Company to hold office from the conclusion of the meeting until the conclusion of the next annual general meeting of the Company and to authorise the directors to fix their remuneration.

Special Business

To consider the following business and, if thought fit, to pass the following resolutions as special resolutions:

4. That the Company be generally and unconditionally authorised pursuant to Article 57(2) of the Companies (Jersey) Law 1991 (as amended) to make one or more market purchases of its own shares, such purchases to be of ordinary shares of £0.01 each in the capital of the Company (Ordinary Shares) on the London Stock Exchange, provided that:

(a) no purchase of Ordinary Shares may be effected without the affirmative prior sanction by:

(i) a majority of not less than three fourths of the holders (as to nominal value) of the Company's issued convertible loan notes; and

(ii) a majority of not less than three fourths of the holders of "A" ordinary share of Flying Brands Holdings (UK) PLC);

(b) subject to paragraph (a) above:

(i) the maximum number of Ordinary Shares hereby authorised to be purchased shall be 4,632,144 Ordinary Shares, being approximately 15% of the issued share capital of the Company;

(ii) the minimum price which may be paid for any such Ordinary Shares shall be £0.01 per Ordinary Share (exclusive of expenses);

(iii) the maximum price which may be paid for such Ordinary Shares shall be an amount equal to 5% above the average middle market quotations for a unit (comprising one Ordinary Share and one "A" ordinary share of Flying Brands Holdings (UK) PLC) as derived from the Daily Official List of the UK Listing Authority for the 10 business days immediately preceding the day on which any such purchase or contract to be purchase is effected;

(iv) unless otherwise varied renewed or revoked the authority hereby conferred shall expire at the conclusion of the next annual general meeting of the Company; and

(v) prior to expiry of the authority hereby conferred the Company may enter into a contract or contracts for the purchase of Ordinary Shares which may be executed in whole or part after such expiry and may purchase Ordinary Shares pursuant to such contract or contracts as if the authority hereby conferred had not so expired.

5. The Directors be and they are hereby generally and unconditionally authorised in accordance with Articles 4.14 and 14.6 of the Company's Articles of Association, to allot without rights of pre-emption under Article 4.6 of the Company's Articles of Association, up to 4,632,144 Ordinary Shares as they in their absolute discretion see fit in any number of tranches, such authority unless otherwise varied, renewed or revoked to expire at the conclusion of the next annual general meeting of the Company, except that the Company may, at any time prior to the expiry of such authority, make an offer or enter into an agreement which would or might require Ordinary Shares to be allotted after the expiry of such power and the Directors of the Company may allot Ordinary Shares in pursuance of such an offer or agreement as if such power had not expired.

End

The Directors of the Company are responsible for the contents of this announcement.

Enquiries:

Flying Brands Limited

Trevor Brown/Qu Li

Tel: 0207 469 0930

Peterhouse Corporate Finance Limited

Duncan Vasey

Tel: 0207 220 9797