KBS Fashion Group Limited (KBSF)

[KJ]

SHISHI, China, March 28, 2018 /PRNewswire/ -- KBS Fashion Group Limited (NASDAQ: KBSF) ("KBS" or the "Company"), a vertically-integrated casual menswear company in China, today announced that the Company is exploring opportunities in investing and developing new artificial intelligence technologies that may offer significant values to the apparel industry.

Mr. Yan, Chairman and CEO of KBS, commented, "This strategic movement flags the Company's intention to expand its business in new technologies for complementing its core manufacturing business." "The Company intends to pursue such opportunities via either the direct investment into or cooperation with companies where there are significant synergies." "I believe KBSF is well positioned and has the capacities for becoming a meaningful player in the evolution of artificial intelligence in the apparel industries in China and globally", added Mr. Yan.