Zara Home Hong Kong Limited

NOTICE OF REDUCTION OF SHARE CAPITAL
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Zara Home Hong Kong Limited
(the “Company”)
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NOTICE IS HEREBY GIVEN that pursuant to Section 218 of the Companies Ordinance, the sole member of the Company, ZARA HOLDING B.V., has approved, by a special resolution (the “Special Resolution”) duly passed on 8 June 2022, a reduction of share capital of the Company from HK$15,000,000 to HK$1. The amount of share capital to be reduced is HK$14,999,999.

Copies of the Special Resolution and the solvency statement (Form NSC17) signed by all the directors of the Company are available for inspection during office hours at Suites 3401 & 3408–12, 34/F., Tower 2, The Gateway, Harbour City, 25 Canton Road, Tsim Sha Tsui, Kln, Hong Kong.

Any creditor of the Company may, within  5 weeks after the date of the Special Resolution, apply to the Court under Section 220 of the Companies Ordinance for cancellation of the Special Resolution.

Dated this 17th day of June 2022

NOTICE OF TRANSFER OF BUSINESS
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Pursuant to Sections 4 and 5 of the Transfer of Businesses (Protection of Creditors) Ordinance (Chapter 49)
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Notice is hereby given that ZARA HOME HONG KONG LIMITED, whose registered office is situated at Room 1&8–12, Tower 2,  34/F., The Gateway, Harbour City, 25 Canton Road, Tsim Sha Tsui, Kowloon, Hong Kong S.A.R. (the “Transferor”), carrying on the business of retail of home décor and linens under the name of Zara Home – Festival Walk (“Retail Business”) at Shop 26, G/F, Festival Walk, 80 Tat Chee Avenue, Yau Tat Chuen, Kowloon, Hong Kong S.A.R. (the “Premises”) and the related online business under the name of Zara Home (the “Online Business”) at its registered office, has agreed to transfer its entire business (the “Entire Business”), including but not limited to all the assets and liabilities incurred in connection with the said business, to ZARA ASIA LIMITED whose registered office is situated at Room 1&8–12, Tower 2, 34/F., The Gateway, Harbour City, 25 Canton Road, Tsim Sha Tsui, Kowloon, Hong Kong S.A.R. (the “Transferee”).

The transfer of the Entire Business is intended to complete on 1 January 2022 (the “Transfer Date”). The Transferee intends to carry on the Entire Business, but not limited to brick-and-mortar Retail Business at the Premises under the name of Zara Home – Festival Walk and the Online Business under the name of Zara Home on and after the Transfer Date.

Notice is hereby given that at the expiration of one (1) month after the date of the last publication of this notice, the liability of the Transferee (if any) for all the debts and obligations arising out of the carrying on of the Business by the Transferor shall cease by virtue of the Transfer of Businesses (Protection of Creditors) Ordinance unless proceedings are instituted prior to such expiration.

Dated the 31st day of December 2021.

ZARA HOME HONG KONG LIMITED
The Transferor

ZARA ASIA LIMITED
The Transferee