Press Release: Valartis Group AG: FMA Liechtenstein and the Hong Kong Stock Exchange (HKEX) approve the sale of Valartis Bank (Liechtenstein) AG

Valartis Group AG / Valartis Group AG: FMA Liechtenstein and the Hong Kong Stock Exchange (HKEX) approve the sale of Valartis Bank (Liechtenstein) AG . Processed and transmitted by Nasdaq Corporate Solutions. The issuer is solely responsible for the content of this announcement.

The Financial Market Authority (FMA) Liechtenstein and the Hong Kong Stock Exchange (HKEX) have approved the sale's transaction whereby Valartis Bank (Liechtenstein) AG will be divested to Citychamp Watch & Jewellery Group Ltd within the framework of a share purchase agreement (SPA)([1] #_ftn1) . The approvals mean that the two major conditions precedent on conclusion of the sale's transaction have now been fulfilled. The Extraordinary General Meeting([2] #_ftn2) of Shareholders of Citychamp Watch & Jewellery Group Ltd, which will have to approve of the sale's transaction, has been set for the 13 September 2016. Closing is expected to occur during the third quarter of 2016 which will not delay current recovery plans of Valartis Finance Holding AG and Valartis Group AG.

Continuity for clients and employees

Citychamp Watch & Jewellery Group Ltd intends to continue the business activities of the bank in Liechtenstein, with the existing management and employees, in order to carry on providing proSHYfessioSHYnal financial services in the fields of wealth management, investment advisory and fund management.

Agenda

Half-year report 2016 30 August 2016 General Meeting 2017 16 May 2017

For further information, please contact:

Kim-My Schefer, Head Corporate Communications & Marketing, Valartis Group AG

Tel. +41 44 503 54 02, corporate.communications@valartis.ch

Chi Wah Fong, CFO, Citychamp Watch & Jewellery Group Ltd, Tel. +852 2275 3706

Lai Lam, CEO Assistant, Citychamp Watch & Jewellery Group Ltd, Tel. +852 2275 3761

www.citychampwatchjewellery.com

Valartis Group

Valartis Group is an international finance group with offices in Switzerland, Liechtenstein, Luxembourg, as well as Moscow and St. Petersburg. Valartis Group AG (Baar, Switzerland) is listed on the Swiss stock exchange, SIX Swiss Exchange. Continued operations include the fields of Corporate Finance, Private Equity and Real Estate Management together with participations in the financial services sector.

www.valartisgroup.ch

([1] #_ftnref1) See also Media Release, 29 March, 2016. Valartis Group AG's financial holding company in Liechtenstein - Valartis Finance Holding AG - holds 70 percent of Valartis Bank (Liechtenstein) AG capital.

([2] #_ftnref2) See also www.citychampwatchjewellery.com

Press release (PDF): http://hugin.info/143135/R/2037388/759157.pdf

This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Valartis Group AG via Globenewswire

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Valartis Group AG

Blegistrasse 11a Baar ZG Switzerland

ISIN: CH0001840450;

http://www.valartisgroup.ch/ (END) Dow Jones Newswires

   August 25, 2016 20:00 ET (00:00 GMT)- - 08 00 PM EDT 08-25-16