The company under the trade name “FOLLI-FOLLIE COMMERCIAL MANUFACTURING AND TECHNICAL SOCIETE ANONYME”, under the distinctive title “FF GROUP” (hereinafter the “Company”), having received respective information in accordance with Law 3556/2007 from Fosun International Limited on 27.04.2018, announces that it has been notified by Fosun International Limited that certain modifications regarding its internal structuring have taken place, although, Fosun International Limited retains the exact same indirect holding of 13,886% in the Company.
In particular, on 24.04.2018, Fidelidade-Companhia de Seguros, S.A. (a subsidiary of Fosun International Limited) acquired by Fosun Industrial Holdings Limited (a 100% subsidiary of Fosun International Limited) the 100% of FF Investment Luxembourg 1 S.à.r.l. which is the direct holder of the 10,001% of the Company’s shares.
As a result, i) the indirect holding of Fosun Industrial Holdings Limited fell below the threshold of 5% (taking into consideration that Fosun Industrial Holdings Limited still retains its indirect holing intact through FF Investment Luxembourg 2 S.à.r.l. , i.e. 3,886%) and at the same time, ii) Fidelidade-Companhia de Seguros, S.A. crossed the threshold of 10%as a result of the abovementioned transaction.
Following the above, the indirect holding of Fosun International Limited in the Company remains the same, because Fosun International Limited already held indirectly, before the abovementioned transaction, a total of 13,886% of voting rights in the Company.
Fosun International Limited is a company listed on the Hong Kong Stock Exchange but is controlled by its major shareholder, Fosun Holdings Limited, which in turn is a 100% subsidiary of Fosun International Holdings Ltd.
The present announcement consists regulated information and is being published according to the provisions of Greek Law 3556/2007.