VIVIENNE TAM Brand Mainland China Ownership

In the evening of August 8th, Shenzhen grace Limited by Share Ltd (hereinafter referred to as "

"Signed a share purchase agreement with Peony Power Limited, a shareholder of Vivian Tan fashion (Shenzhen) Co., Ltd. (hereinafter referred to as" Vivian Tan "). It intends to acquire the shares of Vivian Tan 75% owned by itself or by self financing of RMB 37 million yuan.

After the acquisition, the singer will hold 75% stake in Vivian Tan, and Peony Power Limited will continue to hold a 25% stake.

Vivian Tan is a company established in June 27, 2017 by CHINANOW ASSOCIATES LIMITED through wholly-owned subsidiary Peony Power Limited, which owns the ownership of VIVIENNE TAM brand in mainland China.

The VIVIENNE TAM brand is an American designer brand, made by Chinese Americans.

VIVIENNE TAM was founded in 1994 in New York, USA. Vivienne Tam was selected as one of the "twenty-five Chinese American leaders" by Forbes magazine. Her unique background created her unique cross cultural design style, and her advocacy of East-meets-West (fusion) design concept is also implemented in the brand.

It is deposited in the broad and profound Chinese culture. It integrates Chinese elements and international fashion elements, including clothing, handbags, accessories, perfume, shoes, etc., and has opened stores in the United States, Japan, Hongkong, South Korea, Philippines and Thailand, with a wide distribution of channels.

The fashion works of VIVIENNE TAM have been permanently collected by the Metropolitan Museum of New York and the Vitoria and Albert museums in London, England.

After the acquisition, goeris acquired the ownership of VIVIENNE TAM in mainland China through holding Vivian tan. With the continuous development of many high-end brands such as its ELLASSAY, ED HARDY, IRO, LAUREL and VIVIENNE TAM, the brand synergy will further play a further role in promoting the strategic goal of the company's "growing into an international influential Chinese high fashion group".

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