CDH Investments, Hillhouse, and Mr. YU Wu and Mr. SHENG Fang, Executive Directors of Belle International acquired Belle International Holdings for $6.8bn. Mr. SHENG Baijiao, CEO of Belle International said, “I’m delighted to see over 98% of shareholders vote in favor of the proposed privatization and express sincere gratitude for their continued support over the years. With the necessary resources from Hillhouse and CDH, accompanied by the new generation of management team, I hope the Company can implement the needed transformation and achieve sustainable growth in the long-term.”