AMTD adding The Art Newspaper to its global media portfolio after L’Officiel

AMTD Group Inc. (“AMTD Group”), alongside with AMTD IDEA Group (NYSE: AMTD; SGX: HKB) (“AMTD IDEA”) and AMTD Digital Inc. (NYSE: HKD) (“AMTD Digital”), together as “AMTD”, announced that an agreement to acquire The Art Newspaper globally was executed. Closing will be subject to customary conditions.

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AMTD announced this acquisition as part of the commitment to step up its overall presence in France, including a plan to move the headquarters of The Art Newspaper to Paris. As part of AMTD’s overall initiatives and strategic roadmap, Dr Andrew Stephen Yuen Wei-man, (Chevalier dans l'Ordre de la Légion d'honneur, Chairman emeritus of the Le French May cultural festival, government appointed board member of the Hong Kong Palace Museum, co-Chairman of the Hong Kong Cancer Fund and Vice-President of the Society of the Academy for Performing Arts), has been appointed to the board of directors of AMTD Digital Media and Entertainment Group, a subsidiary of AMTD Digital, to support and guide AMTD’s ongoing work and contributions to promote French culture and its linkage with Hong Kong and across Asia.

Dr Andrew Yuen commented, “It’s my honour and pleasure to serve on the board of AMTD Digital Media and Entertainment Group alongside our chairman with whom we share the same vision of promoting cross cultural exchanges between France and Asia.”

The deal was inked a year after the integration of L'Officiel’s global media business into AMTD. Dr Calvin Choi (Chevalier dans l’ordre des Arts et des Lettres), AMTD Group’s Chairman, as well as Dr Andrew Yuen were invited by the French government to attend the Choose France Summit in Versailles in person. L'Officiel, a 102-year-old French publication, currently reaching over 100 million users worldwide, represents one of the oldest fashion media of the world. With its distinct French voice, L'Officiel stands for elegance and sophistication across the world and it has long been regarded as one of the world’s bibles of fashion. AMTD has chosen France to establish its international headquarters for AMTD Digital Media and Entertainment Group, recognizing France as a global country in the heart of Europe.