Home Team apparel Viva China: Given the improved financial performance and potential of the Clark Group, Viva China announced an increase in its indirect stake in Clark

Viva China: Given the improved financial performance and potential of the Clark Group, Viva China announced an increase in its indirect stake in Clark

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Viva China Holdings Limited

(stock code8032.HK)

Given the improved financial performance and potential of the Clark Group, Viva China announced an increase in its indirect stake in Clark

[HK-November 18, 2022] Viva China Holdings Limited (“Viva China” or “Company”, With its subsidiariesuniformly referred to as ‘the Group’Stock code8032.HongKong announced that the Group entered into an agreement with LionRock Capital Partners QiLe LP (“LionRock”) on November 17 and conditionally agreed to purchase the remaining 49% shares of LionRock Capital Partners Qile Limited (the “Target Company”) for consideration of £110 million (equivalent to approximately HK$960.3 million). Previously, the Group held 51% of the shares of the Target Company. Following the acquisition, the Group’s stake will increase to 100%. The Target holds a 51% stake in C&J Clark (No 1) Limited (“Clark”). Upon closing of the Acquisition, the Company’s effective ownership interest in Clark Group will increase from approximately 26% to 51%.

The Group actively sought opportunities to develop its internationalized multi-brand footwear and apparel consumables business. The Council considers that,

given

improving financial performance and the potential of

clark

Group, the acquisition is aligned with its business plan and offers a good

opportunity for the Group to further increase its indirect stake in Clark at a reasonable price. With the extensive management experience in the apparel industry, the Group would be able to continue to improve Clark’s financial performance, which would broaden the Group’s revenue stream and generate better returns for Shareholders.

About LionRock and Clarks

LionRock is a limited partnership incorporated in the British Virgin Islands, primarily engaged in private equity investments in consumer and sports businesses.

Clark, the parent company of a group of companies commonly known by the trading name “Clarks”, is an international footwear wholesaler and retailer headquartered in the United Kingdom.

About Viva China Holdings Limited

Viva China is a multi-brand clothing and footwear operator. Its core business includes the operation of multi-brand apparel and footwear and sports experience businesses. In addition to operating several sports destinations and a network of ice rinks, the Group is also involved in the management, service delivery and investment of the E-Sports team. At present, the company has its own luxury brand LNG, well-known brands in Hong Kong and Mainland China Bossini and bossini.X, Italian luxury leather goods brand Amedeo Testoni, international shoe brand Clarks and loungewear brand Neizhuang.

This press release has been issued by DLK Advisory on behalf of Viva China Holdings Limited.

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