| YCP Holdings

SINGAPORE, March 2024 - YCP Holdings (Global) Limited has executed the contract to acquire 100% of Shenkuo Business Partners Limited (“Shenkuo”), a boutique consulting firm providing its services in China and Europe, to make it a wholly owned subsidiary of YCP Holdings with the purpose to strengthen the Group’s core Management Services Division.

Since its foundation in 2011, YCP Holdings has been expanding its business through aggressive mergers and acquisitions with the aim of becoming a world-class provider of strategic service offerings to global businesses.

Following the business integration with Solidiance Asia Pacific Pte Ltd in 2018 and Auctus Advisors Private Limited in 2022, YCP Holdings now has a significant presence throughout Asia, and decided to further welcome Shenkuo.The firm believes that the integration with Shenkuo will bring further growth to our business in the Greater China region, and thus to the entire group. YCP and Shenkuo will continue to support the business growth of clients in the Asian market, which is rich in diversity and growth opportunities.

“This strategic integration marks the beginning of an invigorating chapter for all our stakeholders. At Shenkuo, we’ve always been passionate about delivering innovative strategies, high-impact business and digital transformations and optimized supply chains for our clients. Now, as we integrate into YCP's dynamic network, our expertise in these critical areas will be supercharged with an extended presence in Asia and Europe,” jointly declare Thomas Pernin and Laurent Fihey, co-founders and Senior Partners at Shenkuo.

“YCP Holdings has been actively seeking investment opportunities in order to achieve further growth in our core Management Services Division. In China, which is by far the largest economy in the fast-growing Asian region, Shenkuo has built a solid reputation having helped more than 50 global companies expand into China.” says Yuki Ishida, Director and Group CEO of YCP Holdings (Global) Limited. “Through the business integration with Shenkuo, we intend to expand our business network in China and achieve further growth for the Group.”