KBS Fashion Group Limited Announces the Appointment of a New Chief Financial Officer

SHISHI, CHINA / ACCESSWIRE / July 9, 2015 / KBS Fashion Group Limited (the "Company") today announced the appointment of a new CFO, Ms. Lixia Tu on July 2nd, 2015.

In making the announcement, Themis Kalapotharakos on behalf of the Board Of Directors of the company commented, "We are delighted to have her join the KBS team. Ms. Lixia Tu is an accomplished ACCA certified professional with more than eight years of accounting and audit experience including IFRS, US GAAP, Sarbanes-Oxley and SEC compliance requirements. Her appointment is expected to enhance significantly the existing internal control procedures and strengthen the company's corporate reporting capacity."

About KBS Fashion Group Limited

Headquartered in Shishi, China, KBS Fashion Group Limited, through its subsidiaries, is engaged in the business of designing, manufacturing, selling and distributing its own casual menswear brand, KBS, through a network of 114 KBS stores and over a number of multi-brand stores. To learn more about the Company, please visit its corporate website at www.kbsfashion.com.

Forward-Looking Statements

This press release includes certain statements that are not descriptions of historical facts, but are forward-looking statements in nature within the meaning of the Private Securities Litigation Reform Act of 1995. You are cautioned that any such forward-looking statements are not guarantees of future performance and that a number of risks and uncertainties could cause our actual results to differ materially from those anticipated, expressed or implied in the forward-looking statements. These risks and uncertainties include, but not limited to, the factors mentioned in the "Risk Factors" section in our other reports filed with the Securities and Exchange Commission ("SEC"). Copies of filings made with the SEC are available through the SEC's electronic data gathering analysis retrieval system (EDGAR) at http://www.sec.gov. The words "believe," "expect," "anticipate," "project," "targets," "optimistic," "intend," "aim," "will" or similar expressions are intended to identify forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. The Company assumes no obligation and does not intend to update any forward-looking statements, except as required by law.

For more information, please contact:

Themis Kalapotharakos
KBS Fashion Group Limited
Tel: +306932284718

SOURCE: KBS Fashion Group Limited