Best World

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Request for Trading Halt : Pending the release of an announcement.

China’s Ministry of Commerce announces Best World as latest addition to list of direct selling companies in China

Best World International Limited is pleased to update that the Ministry of Commerce (MOFCOM) has recognised the Group as the latest addition to the list of direct selling companies in China on its website (http://zxgl.mofcom.gov.cn), authorizing the Group to conduct direct selling in Hangzhou city. 

The Group's China direct selling licence which was granted on 30 June 2016 was subjected to the establishment and completion of the audit of all its nine service outlets in Hangzhou within six months of 7 June 2016. Moving forward, the Group intends to expand the geographical coverage of its direct selling licence to the other regions.

Since 2006, 80 direct selling licences have been approved as of to-date by MOFCOM, with only 29 licences issued to foreign enterprises, 26 of which being foreign based direct selling companies with global operations. In 2015, direct selling companies in China registered a growth of 19%, with total sales of more than RMB220 billion

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