hong kong – december 6, 2017 – the naga group (“naga”), a

FORIMMEDIATERELEASE

The NAGA Group, a new holding company focused on investing in premium consumer brands,announcestheclosingofitsfirstroundoffinancingandfirstinvestment.

• NAGA Group, founded by Damien Dernoncourt, forms strategic partnership with long termcapitalproviders.

• SagraMaceiradeRosenappointedChairoftheBoardofDirectors.• RecentlyclosedfirstinvestmentinFrenchcosmeticsbrandTalika.

Hong Kong – December 6, 2017 – The NAGA Group (“NAGA”), a new holding company focused oninvesting in premium consumer brands announced that it has closed seed investments in excess of$50millionfromstrategicpartnersprovidingaccesstolongtermcapital.NAGA’s long term objective is to invest in and build a portfolio of premium consumer, luxury andlifestyle brands, providing creative founders, designers and brands with the equity capital and thehands-on functional expertise across all business areas to drive growth, transform their business andhelpthemreachtheirfullpotential.Auniqueinvestmentapproach.Investmentswillbefocusedonbrandsintheaccessories,beautyandjewelrycategories,withrevenuesin the $5-25 million range that can offer a unique proposition and experience to consumers in theUnitedStatesandAsia,twoofthelargestandfastestgrowingareaswithintheconsumermarket.Thisuniqueinvestmentapproachbenefitsfromasystematicscreeningprocesstoidentifypotentialpartnerswith shared values compounded with the team’s ability to build productive and long-lastingrelationshipswithcreativeentrepreneurs.Damien Dernoncourt, Founder and CEO of NAGA, has more than 20 years of experience in branddevelopment. Most recently Dernoncourt was CEO of John Hardy where he assumed control of thecompany through amanagement buyoutwith the support of private equity group 3i.He later sold acontrollingstaketoLCattertonwhileremainingaboardmember.SagraMaceira de Rosen, has joined the Board as non-executive Chairperson, bringing her extensiveexpertiseofmorethan20yearsasaninvestmentbanker, investor,boardmember,CEOandauthorintheluxuryspace.ShehaspreviouslyheldrolesatMorganStanley,JPMorgan,ReigCapitalGroup,andasCEOofAmandaWakeley,amongother.

Aseasonedteamofoperatingpartners.Dernoncourt assembled an international team of 12 senior professionals in the premium consumer,luxury and lifestyle brand arenas who have collectively worked with more than 100 brands in 25countries.Alongsidetransactionalexpertise inM&A,dealstructuringand investmentbanking,NAGA’spartners have in depth first-handmanagement experiencewithmid-to-large size premium consumerbrands across key operational areas including strategy, branding, marketing, retail and wholesaledistribution, merchandising, digital strategy, business development, operations, supply chain, humanresourcesandfinance.ThePartnersofthefirminclude:

- HeShen,ChiefFinancialOfficer,whohasover20yearsofinvestmentbanking,dealstructuringandprivateequityexperienceinNewYorkandLondonwithLloydsBankingGroup;

- MegPark,ChiefOperatingOfficer,whojoinsfromGoldmanSachs’sfinancingandcapitalraisingteaminHongKong;

- SandroBrodbeck,aveteranofSwarovski’sM&Ateam,inchargeofInvestments;- PatriceBrendle, formerCEOofHCL,an internationalmulti-branddistributionconglomerate in

Asia.HeisthePartnerinchargeofBusinessDevelopment;- AlfredTongandAymericBonduel,formercolleaguesofDernoncourtatJohnHardywillleadthe

finance,operations,supplychainandITeffort;- David Lipman, a senior marketing and branding professional well known for its work with

fashionandluxurybrandssuchasBurberryandDiorwillleadmarketingandbranding.- ZolikaCourcol-Lebtahi,whohasworkedwithwell-knownbrandslikeChloeorJohnHardyisthe

PartnerinchargeofMerchandising.“NAGAcametolifeafterIsoldmylastventure.Imetwithmanydesignerswhoneededcapitalbutmoreimportantly,wereseekingguidanceandexpertise.Theyhadstartedwithaproductandendedupwithacompany – many didn’t know how to manage it.” said Dernoncourt. “We believe supporting adesigner’screativitywithafocusedyetentrepreneurialmanagementapproachandtakinga long-termview are keys to building a brand.We are thrilled to have Sagra joining the board as our Chair. Shesharesourphilosophy.”“IamdelightedtoworkwithDamienandtheteamandsupporthisvisionandpassion inthisexcitingnew venture to invest in brands that are ready for transformation,” saidMaceira de Rosen. “NAGA’sedge lies on our passion for developing brands, our deep respect for creativity, our experienced andentrepreneurialteam,ourfinancialdisciplineandourlong-terminvestmenthorizon. Allthoseaspectsresonatewellwithcreativebrandownersandfounders”.

AfirstinvestmentinFrenchcosmeticbrandTalika.NAGAhaverecentlycompleteditsfirstacquisition,acquiringasignificantequitystakeinTalika,aFrenchcosmetics brand. Talika is a niche French beauty brand with a rich heritage founded in 1948. Thebusinesshasauniquefocusoninnovativeeyecaretreatmentsandbeautydevicesusinglighttherapy.Talika’s long history combined with its scientific pioneering approach, award winning products,innovativetreatments,specialistpositioninganddistinctFrenchindividualitycontinuestodrivegrowthinkeybeautymarketsinEurope,AsiaandtheUS.Dernoncourtsaid“Talika’scharismaticowner,AlexisdeBrosses,whosecreativityandinstinctdrovetherejuvenation of this hidden treasure over the past 20 years, shares Naga’s cultural values and haswelcomedourhelpandsupport.WearethrilledtostartourjourneywithAlexisandhisteam”.Alexis de Brosses added “Meeting Damien and the Naga team came at the rightmoment for Talika.They understand our vision, and, above all, have a deep respect for creativity, aswell as a profoundentrepreneurialspirit.Wespeakthesamelanguage.”ChinawillbeafocusgrowthmarketforTalika inthisnewstageofdevelopment.Recently launchedinthe Chinesemarketwith encouraging results, Talika has established a partnershipwith amajor localplayerwithastrongtrackrecordindevelopingbeautybrandsintheChinesemarket.Nagawillseektoleverage the expertise of its in-house operational partners andwider team’s resources ensuring thatTalikawillbewellpositionedtogeneratesignificantgrowthinthiskeymarket.“WorkingcloselywithusatNaga,Alexisandhisteamhavedevelopedadisciplinedgrowthstrategywitha strong digital component. This new strategic path includes the sharpening of the Talika brandmessage; ongoingnewproduct flow; and streamliningdistribution, supply chain andoperations. WelookforwardtoseeingTalika‘ssuccessinthecomingyears.”concludedDernoncourt.NAGA’ssecondinvestmentisexpectedtobeannouncedearlynextyear.AboutNAGAGroupNagaGroupisaconsumer-brandsholdingcompanyheadquarteredinHongKong,China.Formoreinformation,visitwww.nagagroup.com.Contact:ForNAGAGroup:MegParkChiefOperatingOfficer&InvestorRelationsTel: +85234629406Email:contact@nagagroup.comWebsite:www.nagagroup.com