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Nature Home Announces Subscription and Acquisition of Shares in ALNO AG

-- Became the third largest shareholder of ALNO Group, a well-known brand in the German kitchen market and the second largest kitchen manufacturer in Germany
-- A significant step in its expansion into overseas kitchen cabinets market
-- Strengthen the co-operative relationship between ALNO Group and the Company in kitchen cabinets market in the PRC
-- Timely seize future development opportunities to achieve its goal of integration of household products and household brand strategy
Nature Home Holding Company Limited
2015-03-30 21:53 3762

HONG KONG, March 30, 2015 /PRNewswire/ -- Nature Home Holding Company Limited ("Nature Home" or the "Company", together with its subsidiaries, the "Group"; HKEx Stock Code: 2083), announced today its subscription and acquisition of shares in ALNO, a well-known brand in the German kitchen market and the second largest kitchen manufacturer in Germany.

Nature Home is pleased to announce that on 30 March 2015, the Company entered into an Investment Agreement pursuant to which the Company has conditionally agreed to subscribe for 5,500,000 new shares in the share capital of ALNO at a total subscription price of EUR5,775,000 (equivalent to approximately RMB38,635,000). On the same date, the Company entered into the Share Purchase Agreement pursuant to which the Company has conditionally agreed to purchase 1,375,000 existing shares in the issued share capital of ALNO from Whirlpool at a total consideration of EUR412,500 (equivalent to approximately RMB2,760,000). The consideration shall be payable in cash and the Company will use its internal resources to satisfy such consideration.

Upon completion of the subscription and acquisition, the Company will hold an aggregate of 6,875,000 Shares, representing approximately 9.09% of the enlarged issued share capital of ALNO, and will become the third largest shareholder of ALNO. Whirlpool will remain the largest shareholder of ALNO.

Mr. Se Hok Pan, Chairman and Executive Director of Nature Home says "The business of wardrobes and kitchen cabinets has become one of the core businesses of the Group under our goal to achieve integration of household products. We believe that the acquisition offers an opportunity for us to expand our business interests in the overseas kitchen cabinets market, which is expected to bring new business opportunities to the Group and in turn creates value for the shareholders of the Company. It will also strengthen the co-cooperative relationship between ALNO Group and the Company in the kitchen cabinets market in the PRC."

The ALNO Group is principally engaged in the development, building and sale of kitchen furniture and accessories. With its headquarters located in Pfullendorf, Germany, the ALNO Group has about 6,000 commercial partners in 64 countries. The ALNO Shares are listed on the Frankfurt Stock Exchange while the shares of Whirlpool Corporation, which wholly-owns Whirlpool, are listed on the New York Stock Exchange. For more information about ALNO AG, please visit their website: http://www.alno.de.

About Nature Home Holding Company Limited
Nature Home is the largest wood flooring brand in China in terms of market share by retail sales value of branded wood flooring products. According to an industry report of China's flooring market conducted by an independent global market research and consulting company (the "Industry Report"), the Group's "Nature" branded products accounted for 7.0% market share in terms of China's total retail sales value of branded wood flooring products in 2011. The Group's branded products are manufactured through a combination of its own manufacturing facilities and exclusive authorized manufacturers.

According to Industry Report, in 2011, the Group's branded products ranked second in laminated flooring, first in multi-layered engineered flooring and first in solid wood flooring, each in terms of both the market share of retail sales volume and retail sales value in China. The Group is the only company to achieve a top two market share position across the three primary wood flooring product categories in China in 2011. Leveraging its strong brand, extensive distribution network, comprehensive product portfolio and flexible manufacturing model, the Group grew rapidly and gained market share in China from 2008 to 2011.

Issued by Cornerstones Communications Ltd. on behalf of Nature Home.

Source: Nature Home Holding Company Limited
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