0000950103-18-007527.txt : 20180619 0000950103-18-007527.hdr.sgml : 20180619 20180619102628 ACCESSION NUMBER: 0000950103-18-007527 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20180619 GROUP MEMBERS: BRIGHT MAGIC INVESTMENTS LTD GROUP MEMBERS: KUOK KHOON HUA GROUP MEMBERS: MACROMIND INVESTMENTS LTD GROUP MEMBERS: PAXTON VENTURES LTD GROUP MEMBERS: SUPER CLASS VENTURES LTD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Sea Limited/ADR CENTRAL INDEX KEY: 0001718419 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-90344 FILM NUMBER: 18906405 BUSINESS ADDRESS: STREET 1: 120 BROADWAY STREET 2: 32ND FLOOR CITY: NEW YORK STATE: NY ZIP: 10271 BUSINESS PHONE: 2122383128 MAIL ADDRESS: STREET 1: 120 BROADWAY STREET 2: 32ND FLOOR CITY: NEW YORK STATE: NY ZIP: 10271 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Kerry Group Ltd CENTRAL INDEX KEY: 0001743510 IRS NUMBER: 000000000 STATE OF INCORPORATION: G1 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: C/O 31/F., KERRY CENTRE, 683 KING'S ROAD CITY: QUARRY BAY STATE: K3 ZIP: 00000 BUSINESS PHONE: 852 2525 7211 MAIL ADDRESS: STREET 1: C/O 31/F., KERRY CENTRE, 683 KING'S ROAD CITY: QUARRY BAY STATE: K3 ZIP: 00000 SC 13D/A 1 dp92411_sc13da.htm FORM SC 13D/A

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

SCHEDULE 13D

 

Under the Securities Exchange Act of 1934
(Amendment No. 1 )*

 

Sea Limited 

(Name of Issuer)

 

Class A Ordinary Shares, par value US$0.0005 per share 

(Title of Class of Securities)

 

81141R100** 

(CUSIP Number)

 

Kerry Group Corporate Services Limited 

31/F., Kerry Centre, 683 King’s Road, Quarry Bay, Hong Kong  

Telephone +852 2525 7211 

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

 

June 18, 2018

(Date of Event which Requires Filing of this Statement)

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ¨

 

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.

 

* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

 

** This CUSIP number applies to the Issuer’s American depositary shares, each representing one Class A ordinary share of the Issuer.

 

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

CUSIP No. 81141R100 Schedule 13D Page 2 of 11 Pages

 

         
1.  

NAMES OF REPORTING PERSONS

OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

Kerry Group Limited

    
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
(a)    ¨
(b)    x  		    
3.   SEC USE ONLY
 		    
4.   SOURCE OF FUNDS (see instructions)
 
AF 		   
5.   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)     ¨    
6.   CITIZENSHIP OR PLACE OF ORGANIZATION
 
Cook Islands		    

         
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH   7.   SOLE VOTING POWER
 
0
  8.   SHARED VOTING POWER
 
11,610,349
  9.   SOLE DISPOSITIVE POWER
 
0
  10.   SHARED DISPOSITIVE POWER
 
11,610,349

         
11.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

11,610,349		    
12.   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(see instructions)    ¨		    
13.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

6.4%		    
14.   TYPE OF REPORTING PERSON (see instructions)

HC, CO		    

 

 

 

CUSIP No. 81141R100 Schedule 13D Page 3 of 11 Pages

         
1.  

NAMES OF REPORTING PERSONS

OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

Bright Magic Investments Limited

    
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
(a)    ¨
(b)    x		    
3.   SEC USE ONLY
 		    
4.   SOURCE OF FUNDS (see instructions)
 
WC		    
5.   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)     ¨    
6.   CITIZENSHIP OR PLACE OF ORGANIZATION
 
British Virgin Islands 		   

         
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH   7.   SOLE VOTING POWER
 
1,800,794
  8.   SHARED VOTING POWER
 
0
  9.   SOLE DISPOSITIVE POWER
 
1,800,794
  10.   SHARED DISPOSITIVE POWER
 
0

         
11.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

1,800,794		    
12.   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(see instructions)    ¨		    
13.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

1.0%		    
14.   TYPE OF REPORTING PERSON (see instructions)

CO		    

 

 

 

CUSIP No. 81141R100 Schedule 13D Page 4 of 11 Pages

         
1.  

NAMES OF REPORTING PERSONS

OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

Macromind Investments Limited

    
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
(a)    ¨
(b)    x		    
3.   SEC USE ONLY
 		    
4.   SOURCE OF FUNDS (see instructions)
 
WC		    
5.   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)     ¨    
6.   CITIZENSHIP OR PLACE OF ORGANIZATION
 
British Virgin Islands 		   

         
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH   7.   SOLE VOTING POWER
 
1,363,945
  8.   SHARED VOTING POWER
 
0
  9.   SOLE DISPOSITIVE POWER
 
1,363,945
  10.   SHARED DISPOSITIVE POWER
 
0

         
11.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

1,363,945		    
12.   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(see instructions)    ¨		    
13.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

0.7%		    
14.   TYPE OF REPORTING PERSON (see instructions)

CO		    

 

 

 

CUSIP No. 81141R100 Schedule 13D Page 5 of 11 Pages

         
1.  

NAMES OF REPORTING PERSONS

OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

Paxton Ventures Limited

    
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
(a)    ¨
(b)    x		    
3.   SEC USE ONLY
 		    
4.   SOURCE OF FUNDS (see instructions)
 
AF		    
5.   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)     ¨    
6.   CITIZENSHIP OR PLACE OF ORGANIZATION
 
British Virgin Islands 		   

         
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH   7.   SOLE VOTING POWER
 
1,851,860
  8.   SHARED VOTING POWER
 
0
  9.   SOLE DISPOSITIVE POWER
 
1,851,860
  10.   SHARED DISPOSITIVE POWER
 
0

         
11.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

1,851,860		    
12.   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(see instructions)    ¨		    
13.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

1.0%		    
14.   TYPE OF REPORTING PERSON (see instructions)

CO		    

 

 

 

CUSIP No. 81141R100 Schedule 13D Page 6 of 11 Pages

 

         
1.  

NAMES OF REPORTING PERSONS

OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

Super Class Ventures Limited

    
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
(a)    ¨
(b)    x		    
3.   SEC USE ONLY
 		    
4.   SOURCE OF FUNDS (see instructions)
 
AF		    
5.   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)     ¨    
6.   CITIZENSHIP OR PLACE OF ORGANIZATION
 
British Virgin Islands 		   
         
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH   7.   SOLE VOTING POWER
 
6,593,750
  8.   SHARED VOTING POWER
 
0
  9.   SOLE DISPOSITIVE POWER
 
6,593,750
  10.   SHARED DISPOSITIVE POWER
 
0
         
11.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

6,593,750		    
12.   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(see instructions)    ¨		    
13.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

3.6%		    
14.   TYPE OF REPORTING PERSON (see instructions)

CO		    

 

 

CUSIP No. 81141R100 Schedule 13D Page 7 of 11 Pages

         
1.  

NAMES OF REPORTING PERSONS

OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

KUOK Khoon Hua

    
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
(a)    ¨
(b)    x		    
3.   SEC USE ONLY
 		    
4.   SOURCE OF FUNDS (see instructions)
 
AF		    
5.   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)     ¨    
6.   CITIZENSHIP OR PLACE OF ORGANIZATION
 
Malaysian		    
         
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH   7.   SOLE VOTING POWER
 
0
  8.   SHARED VOTING POWER
 
11,610,349
  9.   SOLE DISPOSITIVE POWER
 
0
  10.   SHARED DISPOSITIVE POWER
 
11,610,349
         
11.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

11,610,349		    
12.   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(see instructions)    ¨		    
13.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

6.4%		    
14.   TYPE OF REPORTING PERSON (see instructions)

IN		    

 

 

 

CUSIP No. 81141R100 Schedule 13D Page 8 of 11 Pages

This Amendment No. 1 amends and supplements the Schedule 13D originally filed with the Securities and Exchange Commission on June 14, 2018 by the Reporting Persons therein (the “Original Schedule 13D” and together with this Amendment No. 1, this “Schedule 13D”)

 

Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to them in the Original Schedule 13D.

 

Item 2.  Identity and Background.

 

Item 2(a), (b) and (c) are hereby amended by replacing them in their entirety with the following:

(a)

This Schedule 13D is being filed jointly by:-

(i)              Kerry Group Limited, a Cook Islands company (“KGL”);

(ii)             Bright Magic Investments Limited, a British Virgin Islands company (“BMIL”);

(iii)            Macromind Investments Limited, a British Virgin Islands company (“MIL”);

(iv)            Paxton Ventures Limited, a British Virgin Islands company (“PVL”);

(v)             Super Class Ventures Limited, a British Virgin Islands company (“SCVL”); and

(vi)            Mr. KUOK Khoon Hua

(each a “Reporting Person” and together, the “Reporting Persons”).

BMIL and MIL are wholly-owned subsidiaries of KGL. PVL and SCVL are indirect associates of KGL (i.e. KGL indirectly owns and controls more than 20% but less than 50% in PVL and SCVL). KGL may be deemed to own beneficially (as that term is defined in Rule 13d-3 under the Act) the Shares held by BMIL, MIL, PVL and SCVL.

Mr. KUOK Khoon Hua is an Independent Director of the Issuer. He is a Director of KGL, BMIL, MIL and SCVL and has indirect minority interest in KGL, BMIL, MIL, PVL and SCVL. He may be deemed to own beneficially (as that term is defined in Rule 13d-3 under the Act) the Shares held by BMIL, MIL, PVL and SCVL.

 

Shareholders of KGL comprise members of the Kuok family in Hong Kong and elsewhere, their relatives, past and present executives and employees of the Kuok group of companies, related trusts of some or all of the aforesaid and/or companies owned or controlled by any of them, and charitable foundations established by the Kuok family. No single shareholder owns 20% or more of the voting shares of KGL.

 

The directors of KGL are Mr. KUOK Khoon Chen (Chairman and Managing Director), Mr. KUOK Khoon Ean, Mr. KUOK Khoon Ho, Ms. KUOK Hui Kwong and Mr. KUOK Khoon Hua. The directors of BMIL and MIL are Mr. KUOK Khoon Hua and Mr. KWOK Ping Leong. The directors of PVL are Ms. Keren CHEN and Ms. TEO Ching Leun. The directors of SCVL are Mr. KUOK Khoon Hua, Ms. Keren CHEN and Ms. TEO Ching Leun.

 

The Reporting Persons have entered into an amended joint filing agreement dated June 19, 2018, a copy of which is attached hereto as Exhibit 1.

(b)

The registered office of KGL is The Office of Cook Islands Trust Corporation Ltd, First Floor, BCI House, Avarua, Rarotonga, Cook Islands.

 

The registered office of PVL and SCVL is Vistra Corporate Services Centre, Wickhams Cay II, Road Town, Tortola, VG1110, British Virgin Islands.

 

The business address of BMIL, MIL, Mr. KUOK Khoon Hua and all directors of KGL, BMIL, MIL, PVL and SCVL is 31/F., Kerry Centre, 683 King’s Road, Quarry Bay, Hong Kong.

(c)

KGL is an investment holding company. It has diversified investments, including but not limited to, real estate, hotels and logistic services through its interests in Kerry Properties Limited, Shangri-La Asia Limited and Kerry Logistics Network Limited respectively, all of which are listed on the Hong Kong Stock Exchange.

 

BMIL and MIL’s principal business is investment and trading of financial instruments and equity securities.

 

PVL and SCVL’s principal business is investment holding in Shares of the Issuer.

 

 

CUSIP No. 81141R100 Schedule 13D Page 9 of 11 Pages

 

Mr. KUOK Khoon Hua’s present principal employment is the Chairman and Director of Kerry Holdings Limited, a wholly-owned subsidiary of KGL incorporated in Hong Kong (“KHL”). He is also a director of a number of listed companies, including the Issuer.

The following is the present principal employment of directors of KGL, BMIL, MIL, PVL and SCVL named in this Item 2 other than Mr. KUOK Khoon Hua, whose principal employment is stated above:-

 

  KUOK Khoon Chen

Chairman and Managing Director of KGL

  KUOK Khoon Ean

Director of KHL and Chairman of Kuok (Singapore) Limited

  KUOK Khoon Ho

Director of KGL

  KUOK Hui Kwong

Chairman and Executive Director of Shangri-La Asia Limited (a company listed on the Hong Kong Stock Exchange and an associate of KGL)

  KWOK Ping Leong

Executive of KHL

  Keren CHEN

Group Co-General Counsel of KHL

  TEO Ching Leun Group Co-General Counsel of KHL

 

Item 3.  Source or Amount of Funds or Other Consideration.

 

Item 3 is hereby amended to add the following information:

 

On June 18, 2018, MIL has been issued with US$27,000,000 principal amount of 2.25% Convertible Senior Notes of the Issuer due 2023 (the “Convertible Notes”) at a consideration of US$27,000,000, which was settled by working capital funds of MIL.

 

Item 4.  Purpose of Transaction.

 

Item 4 of the Statement is hereby amended and supplemented by adding after the second paragraph thereof:

 

The Reporting Persons acquired the Convertible Notes covered by this Statement that are held by them for investment purposes.

 

Item 5.  Interest in Securities of the Issuer.

 

(a)-(b)

The information set forth in Items 2, 3, 4 and 6 is hereby incorporated by reference into this Item 5. 

 

               
        Number of Shares as to which such person has:
  Name of Reporting Person Amount Beneficially Owned Percentage of Class Sole Power to Vote or Direct the Vote              Shared Power to Vote or Direct the Vote             Sole Power to Dispose or Direct the Disposition of Shared Power to Dispose or Direct the Disposition of
  KGL 11,610,349
 Shares (2)		 6.4% (1) 0 11,610,349 Shares 0 11,610,349 Shares
  BMIL 1,800,794
 Shares (3)		 1.0% (1) 1,800,794 Shares 0 1,800,794 Shares 0
  MIL 1,363,945
Shares (4)		 0.7% (1) 1,363,945 Shares 0 1,363,945 Shares 0
  PVL 1,851,860
 Shares (5)		 1.0% (1) 1,851,860 Shares 0 1,851,860 Shares 0
  SCVL 6,593,750
 Shares (6)		 3.6% (1) 6,593,750 Shares 0 6,593,750 Shares 0
  Mr. KUOK Khoon Hua 11,610,349
 Shares (7)		 6.4% (1) 0 11,610,349 Shares 0 11,610,349 Shares

 

 

 

CUSIP No. 81141R100 Schedule 13D Page 10 of 11 Pages

 

(1)   As a percentage of 182,073,928 Class A Ordinary Shares outstanding as of February 28, 2018, as set forth in the Issuer’s Annual Report on Form 20-F for the year ended December 31, 2017.

 

(2)    KGL may be deemed to own beneficially (as that term is defined in Rule 13d-3 under the Act): (i) 467,461 ADSs and 1,333,333 Class A Ordinary Shares held by BMIL, (ii) 1,363,945 ADSs issuable upon conversion of the MIL CBs (as defined below) held by MIL; (iii) 1,851,860 Class A Ordinary Shares held by PVL, and (iv) 6,593,750 Class A Ordinary Shares held by SCVL.

 

(3)    Represents 467,461 ADSs and 1,333,333 Class A Ordinary Shares held by BMIL.

 

(4)    Represents 1,363,945 ADSs issuable upon conversion of US$27,000,000 principal amount of the Convertible Notes held by MIL (the “MIL CBs”) at a conversion rate initially at 50.5165 ADSs per US$1,000 principal amount of notes (i.e. equivalent to approximately US$19.80 per ADS), subject to the terms and conditions of the Convertible Notes.

 

(5)    Represents 1,851,860 Class A Ordinary Shares held by PVL.

 

(6)    Represents 6,593,750 Class A Ordinary Shares held by SCVL.

 

(7)    Mr. KUOK Khoon Hua may be deemed to own beneficially (as that term is defined in Rule 13d-3 under the Act): (i) 467,461 ADSs and 1,333,333 Class A Ordinary Shares held by BMIL, (ii) 1,363,945 ADSs issuable upon conversion of the MIL CBs held by MIL; (iii) 1,851,860 Class A Ordinary Shares held by PVL, and (iv) 6,593,750 Class A Ordinary Shares held by SCVL. Mr. KUOK Khoon Hua disclaims beneficial ownership of such Shares for all other purposes.

In addition, 10,000 Class A Ordinary Shares (as Restricted Share Awards) were granted by the Issuer to Mr. KUOK Khoon Hua on November 21, 2017 pursuant to the 2009 Share Incentive Plan of the Issuer (as amended), among which 50% shall become vested on October 19, 2018, and the remaining 50% on October 19, 2019. KGL, BMIL, MIL, PVL and SCVL will not be deemed to own beneficially such Shares under Rule 13d-3 of the Act or otherwise. 

 

Item 5(c) is hereby amended to add the following information:

 

(c)

Subsequent to the filing of the Original Schedule 13D on June 14, 2018, MIL has been issued with US$27,000,000 principal amount of the Convertible Notes on June 18, 2018. Such notes are convertible into 1,363,945 ADSs at a conversion rate initially at 50.5165 ADSs per US$1,000 principal amount of notes (i.e. equivalent to approximately US$19.80 per ADS), subject to the terms and conditions of the Convertible Notes.

 

Item 7.  Material to Be Filed as Exhibits.

 

Item 7 is hereby amended to add the following information:

 

Exhibit 1

Amended joint filing agreement dated June 19, 2018

 

 

 

 

CUSIP No. 81141R100 Schedule 13D Page 11 of 11 Pages

Signature

 

After reasonable inquiry and to the best of its knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.

 

Dated: June 19, 2018

 

KERRY GROUP LIMITED
 

By: /s/ KUOK Khoon Hua 

Name: KUOK Khoon Hua

 

Title: Director
 
BRIGHT MAGIC INVESTMENTS LIMITED
 

By: /s/ KUOK Khoon Hua 

Name: KUOK Khoon Hua

 

Title: Director
 
MACROMIND INVESTMENTS LIMITED
 

By: /s/ KUOK Khoon Hua 

Name: KUOK Khoon Hua

 

Title: Director
 
PAXTON VENTURES LIMITED
 

By: /s/ Keren CHEN 

Name: Keren CHEN

 

Title: Director
 
SUPER CLASS VENTURES LIMITED
 

By: /s/ KUOK Khoon Hua 

Name: KUOK Khoon Hua

 

Title: Director
 

/s/ KUOK Khoon Hua 

KUOK Khoon Hua

 


 

 

 

 EX-99.1 2 dp92411_ex0101.htm EXHIBIT 1

Exhibit 1

AMENDED JOINT FILING AGREEMENT

 

In accordance with Rule 13d-1(f) of the Securities Exchange Act of 1934, as amended, the undersigned agree to the joint filing on behalf of each of them of a Statement on Schedule 13D (including any and all amendments thereto) with respect to the Class A ordinary shares, par value US$0.0005 per share, of Sea Limited and further agree that this Agreement shall be included as an Exhibit to such joint filings.

 

             The undersigned further agree that each party hereto is responsible for the timely filing of such Statement on Schedule 13D and any amendments thereto, and for the completeness and accuracy of the information concerning such party contained therein; provided, that no party is responsible for the completeness or accuracy of the information concerning the other party, unless such party knows or has reason to believe that such information is inaccurate.

 

             This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original instrument, but all of which together shall constitute one agreement.

 

             In evidence thereof, the undersigned, being duly authorized, hereby execute this Agreement as of June 19, 2018.

 

KERRY GROUP LIMITED
 

By: /s/ KUOK Khoon Hua

Name: KUOK Khoon Hua

 

Title: Director
 
BRIGHT MAGIC INVESTMENTS LIMITED
 

By: /s/ KUOK Khoon Hua

Name: KUOK Khoon Hua

 

Title: Director
 
MACROMIND INVESTMENTS LIMITED
 

By: /s/ KUOK Khoon Hua

Name: KUOK Khoon Hua

 

Title: Director
 
PAXTON VENTURES LIMITED
 

By: /s/ Keren CHEN

Name: Keren CHEN

 

Title: Director
 
SUPER CLASS VENTURES LIMITED
 

By: /s/ KUOK Khoon Hua

Name: KUOK Khoon Hua

 

Title: Director
 

 

/s/ KUOK Khoon Hua

KUOK Khoon Hua