Eu Yan Sang

[pianist]

Eu Yan Sang completes acquisition of selected business
assets and undertaking of Healthzone Limited (HZL)
 Group’s retail network now extends from China to Australia with more
than 300 outlets
 Group is now a step closer to realizing its vision of becoming a truly
global integrative healthcare and wellness group
Singapore, 17 February 2012 – SGX mainboard‐listed Eu Yan Sang International Ltd (“EYSI”,
“the Group” or “余仁生国际企业”), a trusted global integrative healthcare and wellness
company with a strong foundation in Traditional Chinese Medicine (TCM), has today
completed its acquisition of selected business assets and undertakings of HZL.
These include the chain of approximately 100 Healthy Life stores and a distribution business,
which is one of the largest health food distributors in Australia. The business has over 25
years’ experience, supplying in excess of 5 million products from 170 suppliers to more than
5,000 retailers in the health food, pharmacy and grocery retail segments. With the
acquisition, the Group’s retail network in the Asia Pacific region now extends from China to
Australia, increasing the total number of retail outlets from just over 200 to more than 300.
The Group’s new Australian business will operate as a new Group entity, Healthy Life Group
Pty Ltd. Revenue and profit will be accreted in full to the Group in subsequent financial
periods. While the Group does not expect any immediate impact on its P&L in FY2012, the
Group is confident in the value and potential of the new business.
The Group aims to stabilize the new business in the short term, and in the long run grow the
Healthy Life franchise network and develop efficiencies in its supply and distribution
business. The Management has been placed under the overview of Mr Byron Patching, a
non‐executive director of the Group’s subsidiary in Australia, Eu Yan Sang Australia Pty
Limited, since 2007. Mr Patching is also the co‐founder and principal of XAct Solutions Pty
Ltd which is a group of business improvement specialists with a particular focus on supply
and distribution, and has an established track record with significant businesses in Australia.
The Group believes the new management team will help realize the Group’s corporate
objectives in the acquisition.
Mr Richard Eu (余义明), Group CEO of EYSI remarked, “This acquisition marks an exciting
new chapter for EYSI and provides a ready platform for the Group to expand and broaden its
products penetration into Australia. We are now a step closer to realizing our vision of
becoming a truly global integrative healthcare and wellness group.”Eu Yan Sang completes acquisition of selected business
assets and undertaking of Healthzone Limited (HZL)
 Group’s retail network now extends from China to Australia with more
than 300 outlets
 Group is now a step closer to realizing its vision of becoming a truly
global integrative healthcare and wellness group
Singapore, 17 February 2012 – SGX mainboard‐listed Eu Yan Sang International Ltd (“EYSI”,
“the Group” or “余仁生国际企业”), a trusted global integrative healthcare and wellness
company with a strong foundation in Traditional Chinese Medicine (TCM), has today
completed its acquisition of selected business assets and undertakings of HZL.
These include the chain of approximately 100 Healthy Life stores and a distribution business,
which is one of the largest health food distributors in Australia. The business has over 25
years’ experience, supplying in excess of 5 million products from 170 suppliers to more than
5,000 retailers in the health food, pharmacy and grocery retail segments. With the
acquisition, the Group’s retail network in the Asia Pacific region now extends from China to
Australia, increasing the total number of retail outlets from just over 200 to more than 300.
The Group’s new Australian business will operate as a new Group entity, Healthy Life Group
Pty Ltd. Revenue and profit will be accreted in full to the Group in subsequent financial
periods. While the Group does not expect any immediate impact on its P&L in FY2012, the
Group is confident in the value and potential of the new business.
The Group aims to stabilize the new business in the short term, and in the long run grow the
Healthy Life franchise network and develop efficiencies in its supply and distribution
business. The Management has been placed under the overview of Mr Byron Patching, a
non‐executive director of the Group’s subsidiary in Australia, Eu Yan Sang Australia Pty
Limited, since 2007. Mr Patching is also the co‐founder and principal of XAct Solutions Pty
Ltd which is a group of business improvement specialists with a particular focus on supply
and distribution, and has an established track record with significant businesses in Australia.
The Group believes the new management team will help realize the Group’s corporate
objectives in the acquisition.
Mr Richard Eu (余义明), Group CEO of EYSI remarked, “This acquisition marks an exciting
new chapter for EYSI and provides a ready platform for the Group to expand and broaden its
products penetration into Australia. We are now a step closer to realizing our vision of
becoming a truly global integrative healthcare and wellness group.”