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YuuZoo’s European JV Acquires Business and Assets of Cinram France

YuuZoo Corporation announced its YuuLog Europe joint venture has acquired the business and assets of Cinram France.

For more information visit: www.yuucorp.com ; www.cinram.eu


Unedited press releases follows:

YuuZoo’s New European JV Acquires the Business and Assets of Cinram France, France’s Leading Entertainment Sector Logistics Company

• YuuLog Europe, a joint venture recently set up between the former management of Cinram France and YuuZoo Corporation Limited, has acquired the business and assets of Cinram France, the market leader in France in entertainment sector logistics and distribution

• The business is expected to generate more than SGD30 million in revenues in 2017

• The client base includes leading global entertainment and eCommerce brands such as Amazon, Sony Pictures, Universal Studios, Warner Bros., 20th Century Fox, Zalando and ASOS

Singapore, 3rd September 2017: Singapore Exchange listed YuuZoo Corporation Limited (“YuuZoo” SGX:AFC), today announced that YuuLog Europe, the new joint venture it recently set up with the management of Cinram Logistics France (“CLF”), the market leader in entertainment sector logistics in France, has acquired the business and assets of CLF.

The assets include a business that in 2017 is expected to generate more than SGD30 million in revenues.

CLF is the market leader in entertainment sector logistics and distribution in France. CLF has a 40-year history, and is serving a large network of big-brand customers. Its current client list includes leading global entertainment and eCommerce brands such as Amazon, Sony Pictures, Universal Studios, Warner Bros., 20th Century Fox, Zalando and ASOS. The operations cover everything in customer management from order to cash. CLF processes over 25 000 SKU per day from its fully owned warehouses covering 24,000 sqm and with a storage capacity of 26,000 pallets. The fully owned office building which sits next to the main warehouses covers 1,000 sqm. The premises sit on 60,000 sqm of fully owned land.

The eCommerce capabilities of CLF include expertise in reverse logistics, crossdock, outbound/inbound and co-packing.

Says Thomas Zilliacus, Executive Chairman of YuuZoo Corporation Limited: “YuuZoo has through the acquisition of the assets and business of CLF in one stroke achieved 3 major things. First, the Company has gone from being only a social commerce marketplace operating primarily in the developing world, to become a complete end-to-end eCommerce player in the huge European eCommerce market. Second, the Company has acquired a large new customer base consisting of some of the world’s strongest brands in entertainment and eCommerce. Third, the Company has added a very strong European team of some 250 people that will be central to YuuZoo’s European expansion”, he concludes.

France will be the base for YuuZoo’s expansion into the rest of Europe through resellers, franchisees and marketing partners. The operations will include all aspects of YuuZoo’s business; tribal networks, eCommerce, payments and games. The new base in Europe and the complete end-to-end eCommerce capabilities, combined with YuuZoo’s offices in Asia, will allow YuuZoo to also offer its services to eCommerce companies in Asia who want to enter the European market.

YUUZOO:
Operating from several locations across Asia, Africa and now Europe, and listed on the SGX mainboard (SGX: AFC), YuuZoo has built a partly patented mobile and online technology platform on which several in-house developed products in a unique, and for each market fully localized manner, offer targeted social networking, e-commerce, gaming and payments to hundreds of millions of consumers across all continents.

With franchisees and partners covering 69 countries with more than 4 billion consumers, YuuZoo reaches a huge global audience through smartphones, computers and TV sets. To see the YuuZoo platform, log-in to: http://www.yuuzoo.com. For more information about the company, please log on to: http://www.yuucorp.com.

ACQUISITION OF CERTAIN ASSETS OF CINRAM LOGISTICS FRANCE SARL

The board of directors (the “Board”) of YuuZoo Corporation Limited (the “Company”) refers to its announcements dated 22 March 2017, 4 July 2017, 6 July 2017 and 27 August 2017 (the “Announcements”) in relation to the Company’s acquisition of Cinram Europe.

Unless otherwise defined, all capitalised terms herein shall have the meanings ascribed to them in the Announcements.

The Company wishes to inform the shareholders that the Company has made a joint offer with BTV & Co, being a company owned by the management of Cinram Logistics France (“CLF”) to the Court in Rouen, France, to acquire the business and assets of CLF which had recently entered insolvency proceedings.

The Court in Rouen has accepted the offer and ordered the transfer of the business and assets of CLF (the “Acquisition”) to a new company, YuuLog Europe, jointly owned by the Company (51%) and BTV & Co (49%). The Acquisition will be funded in cash by internal resources.

The assets include a business that in 2017 is expected to generate around SGD30 million in revenues.

CLF can process over 25 000 stock keeping units per day from its fully owned warehouses covering 24,000 sqm and with a storage capacity of 26,000 pallets. The fully owned office building which sits next to the main warehouses covers 1,000 sqm. The premises sit on 60,000 sqm of fully owned land. Logistics is a key component in eCommerce, and the Acquisition of the business and assets of CLF will boost the competitiveness of the Company in general and in Europe in particular.

The Company and BTV & Co are now in the process of incorporating the requisite subsidiaries to enable the Acquisition to be completed.

Based on the Company’s computations of the relative figures under Listing Rule 1006, the Acquisition is not a disclosable transaction pursuant to Chapter 10 of the Listing Manual of the Singapore Exchange Trading Securities Limited.

The Company shall make further announcements, if any, on the Acquisition as appropriate or when there are developments on the same.

BY ORDER OF THE BOARD
Mohandas
Chief Operating Officer
3 September 2017

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