89 Million 500 Thousand IRO To Indirectly Achieve Full Control

Shenzhen's Limited by Share Ltd has acquired its 43% stake in ADON WORLD SAS to ELYONE SARL, thus indirectly holding the French luxury brand IRO.

The eighteenth interim meeting of the third board of directors held by the Shenzhen Song Si dress Limited by Share Ltd in October 14, 2019 approved the adoption of the bill on the acquisition of assets through wholly-owned subsidiaries. It will acquire its 43% stake in ADON WORLD SAS by ELYONE SARL, through wholly owned subsidiary Dongming international investment (Hongkong) Co., Ltd., with its own capital and self financing of 89 million 500 thousand euros. Recently, ADON WORLD SAS has completed the registration of equity transfer.

The ownership structure after the change of ADON WORLD SAS is as follows:

Shenzhen Qianhai Shanglin Cci Capital Ltd 57%

Dongming international investment (Hongkong) Co., Ltd. 43%

In July of last year, in July last year, in 242 million yuan, he launched a total of 35% shares in Shanglin, a Shenzhen Qianhai Fuxing song fashion industry investment fund (limited partnership) and a fosheng real investment fund Partnership Limited (limited partnership).

ADON WORLD SAS currently holds a stake in IRO SAS 100%, and IRO SAS and singer are respectively holding 20% and 80% of eno fashion (Shenzhen) Garments Co., Ltd. (hereinafter referred to as "eno fashion").

After the completion of this transaction, it will indirectly hold IRO SAS 100% stake through its wholly-owned subsidiary, Qianhai Shanglin, Dongming international and sun ADON WORLD SAS. It will directly and indirectly share the 100% stake in eno fashion through Qianhai Shanglin, Dongming international, ADON WORLD SAS, IRO SAS, and achieve 100% holding of the brand in the global sense.