Global Brands : VOLUNTARY ANNOUNCEMENT - COMPLETION OF THE SCRIP DIVIDEND SCHEME

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

VOLUNTARY ANNOUNCEMENT

COMPLETION OF THE SCRIP DIVIDEND SCHEME

This announcement confirms that as part of the completion of the Special Dividend, a total of 1,733,620,293 Scrip Shares have been issued pursuant to the Scrip Dividend Scheme. Of these Scrip Shares, 792,179,665 Scrip Shares have been issued to the Controlling Shareholders and 941,440,628 Scrip Shares have been issued to other Shareholders of the Company who have elected to take up Scrip Shares under the Scrip Dividend Scheme.

Terms used in this announcement have the same meaning as defined in the circular of the Company dated 14 February 2019.

Set out below is the shareholding of the Controlling Shareholders and other Shareholders immediately before and immediately after the issue of the Scrip Shares and before the Share Consolidation:

Name of ShareholderNumber of Shares Held in the Company Immediately Before the Issuance of the Scrip Shares and Before the Share ConsolidationApproximate Percentage of Issued Share Capital Immediately Before the Issuance of the Scrip SharesControlling Shareholders

William Fung Kwok Lun ("Dr.

292,773,042

Fung") (Note 1)

HSBC Trustee (C.I.) Limited ("HSBC Trustee") (Note 2)

209,925,290

Fung Holdings (1937) Limited ("FH 1937")

2,195,727,908

25.672%

(Note 3)

Fung Distribution International

200,000,000

Limited (Note 3)

_____________ 2,898,426,240

_________

33.888% 792,179,665

Other Shareholders

5,654,496,489 _____________

66.112% 941,440,628

_________

Total

8,552,922,729

100.000%

3.423% 0

Number of	Number of	Approximate
Scrip Shares	Shares Held in	Percentage
Taken Up	the Company	of Enlarged
Immediately	Issued Share
After the	Capital
Issuance of the	Immediately
Scrip Shares	After the
and Before the	Issuance of
Share	the Scrip
Consolidation	Shares
292,773,042	2.846%
209,925,290	2.041%
2,987,907,573	29.047%
200,000,000	1.944%
______________	_________
3,690,605,905	35.878%
6,595,937,117	64.122%
______________	_________
10,286,543,022	100.000%

2.454% 0

792,179,665

2.338%

0

_____________

_____________

1,733,620,293

Notes:

• (1) Dr. Fung has personal interest in 216,255,642 Shares, family interest in 108,800 Shares and corporate interest in 26,114,400 Shares and 50,294,200 Shares held by Golden Step Limited and Step Dragon Enterprise Limited respectively, which are both companies beneficially owned by Dr. Fung.

• (2) The shares are indirectly held by HSBC Trustee through its wholly owned subsidiary, First Island Developments Limited.

• (3) FH 1937 is a wholly owned subsidiary of King Lun Holdings Limited which is owned as to 50% by Dr. Fung and 50% by HSBC Trustee. 2,195,727,908 Shares are directly held by FH 1937 which also through its wholly-owned subsidiary, Fung Distribution International Limited, indirectly held 200,000,000 Shares.

Set out below is the number of Shares held by, and the shareholding of, the Controlling Shareholders and other Shareholders after the Share Consolidation has become effective on 9 April 2019:

Name of Shareholder	Number of Consolidated	Approximate Percentage of
Shares Held in the Company	Issued Share Capital After
After the Share Consolidation	the Share Consolidation
Controlling Shareholders
Dr. Fung (Note 4)	29,277,304	2.846%
HSBC Trustee (Note 5)	20,992,528	2.041%
FH 1937 (Note 6)	298,790,757	29.047%
Fung Distribution	20,000,000	1.944%
International Limited (Note 6)	_____________	_________
369,060,589	35.878%
Other Shareholders	659,593,713	64.122%
_____________	_________
Total	1,028,654,302	100.000%
Notes:

• (4) Dr. Fung has personal interest in 21,625,564 Consolidated Shares, family interest in 10,880 Consolidated Shares and corporate interest in 2,611,440 Consolidated Shares and 5,029,420 Consolidated Shares held by Golden Step Limited and Step Dragon Enterprise Limited respectively, which are both companies beneficially owned by Dr. Fung.

• (5) The Consolidated Shares are indirectly held by HSBC Trustee through its wholly owned subsidiary, First Island Developments Limited.

• (6) FH 1937 is a wholly owned subsidiary of King Lun Holdings Limited which is owned as to 50% by Dr. Fung and 50% by HSBC Trustee. 298,790,757 Consolidated Shares are directly held by FH 1937 which also through its wholly-owned subsidiary, Fung Distribution International Limited, indirectly held 20,000,000 Consolidated Shares.

By Order of the Board Global Brands Group Holding Limited

William FUNG Kwok Lun

Chairman

Hong Kong, 12 April 2019

As at the date of this announcement, the Board comprises three Non-executive Directors, namely William Fung Kwok Lun (Chairman), Bruce Philip Rockowitz (Vice Chairman) and Hau Leung Lee, one Executive Director, namely Richard Nixon Darling (Chief Executive Officer) and five Independent Non-executive Directors, namely Paul Edward Selway-Swift, Stephen Harry Long, Allan Zeman, Audrey Wang Lo and Ann Marie Scichili.