SHISHI, China, Sept. 27, 2021
/PRNewswire/ -- KBS Fashion Group Limited ("KBS" or the
"Company") (NASDAQ: KBSF), a leading fully-integrated casual
menswear company in China and through the brand of Luxventure,
engaging in cross-border merchandise, airfare and tourism business,
announced today that on September 23,
2021, Sun Lei, Chief
Executive Officer of Luxventure, has been appointed as the
President of the Cross-border Merchants Association of Hainan Province ("CMA").
The government of China has
designated Hainan Province as a
free port and CMA is the only association for the cross-border
merchants set up by the local government. CMA will focus on
assisting members with cross-border business opportunities and set
the standards to be followed by its members.
Ms. Sun Lei, Chief Executive Officer of the Company
commented: "It is my honor to be the president of CMA. This is
another affirmation of the success of Luxventure. Since being
in full business operation for a bit more than year, Luxventure has
been recognized by the government as one of the leading, if not the
leading company, in the cross-border merchandise sector. In my role
as president, I look forward to working with the members to adopt
and implement our propriety technologies in BBC and WMS, which
enables easy integration of on-line and off-line cross border
merchandise transactions. I thank the government for
entrusting Luxventure and using our technologies as the standards
for the members of CMA."
This press release shall not constitute an offer to sell, or the
solicitation of an offer to buy, nor may there be any sale of these
securities in any state or jurisdiction in which such an offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About KBS Fashion Group Limited
Headquartered in Shishi, China, KBS Fashion Group Limited,
through its subsidiaries, is engaged in the business of i)
designing, manufacturing, selling and distributing its own casual
menswear brand, KBS, through a network of 30 KBS branded
stores (as of Dec 31, 2019) and over a number of
multi-brand stores. Through the brand of Luxventure, it also
engages in cross-border merchandise, airfare and tourism
business. 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.
SOURCE KBS Fashion Group Limited
Related Links
http://www.kbsfashion.com
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SOURCE KBS Fashion Group Limited