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KBS Fashion Group Limited Announces Signing of Cooperative Agreement to Open Amazon and Alibaba Express Online Stores

SHISHI, China, April 17, 2018 /PRNewswire/ -- KBS Fashion Group Limited (KBSF) ("KBS" or the "Company"), a vertically-integrated casual menswear company in China, today announced that its China-based subsidiary, Hongri (Fujian) Sports Goods Co. Ltd. ("Hongri") entered into a cooperative agreement with Hangzhou Si Teng Internet Technology Co. Ltd ("Si Teng E-commerce"), under which Hongri authorized Si Teng E-commerce to open, operate and maintain online stores through Amazon US and Alibaba Express to sell Hongri products on their behalf. The online stores are expected to be launched in June of 2018.

"The signing of the agreement for Hongri will be an important and meaningful step to expand our business to a broader customer base. As one of the leading cross-border e-commerce service providers, Si Teng E-commerce will provide one-stop services to our business by opening, operating and maintaining Hongri's online stores on Amazon and Alibaba Express," said Mr. Keyan Yan, the Chairman and CEO of KBS, "the subject agreement is in line with our corporate strategy to expand into the digital and online sales markets where we see a significant growth potential for our Company."

With its head offices located in Hangzhou, Zhejiang Province, Si Teng E-commerce is engaged in the business of network service, with over ten years of experience in international sales of products including apparel, accessories, computers, communication devices, and consumer electronics, and fitness equipment, as well as jewelry & watches, office products, and luggage.

About KBS Fashion Group Limited

Headquartered in Shishi, China, KBS Fashion Group Limited, through its subsidiaries, is engaged in the business of designing, manufacturing, selling and distributing its own casual menswear brand, KBS, through a network of 50 KBS branded stores (as of June 30, 2017) and over a number of multi-brand stores. To learn more about the Company, please visit its corporate website at www.kbsfashion.com.

Safe Harbor Statement

This press release may contain certain "forward-looking statements" relating to the business of KBS Fashion Group Limited, and its subsidiary companies. All statements, other than statements of historical fact included herein, are "forward-looking statements" in nature within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

For further information, please contact:

Lisa Tu
Chief Financial Officer
T: +86 158-5972-2469
E: [email protected]

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SOURCE KBS Fashion Group Limited

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