Zuoan Fashion Limited Announces Date of Annual General Meeting of Shareholders and Comments on Recent Stock Activity

SHANGHAI, Nov. 7, 2014 /PRNewswire/ -- Zuoan Fashion Limited (NYSE: ZA) ("Zuoan" or the "Company"), a leading design-driven fashion casual menswear company in China, today announced that it will hold its annual general meeting of shareholders on December 22, 2014 at 2:00 p.m., local time, at Zuoan Fashion Limited Conference room, Building 1, Lane 618, Dingyuan Road, Songjiang District, Shanghai 201616, China. The shareholder record date is November 17, 2014.

At the meeting, shareholders will be asked to re-elect Mr. Chaoshen Wang and Mr. Tianzhen Hong to the Company's Board of Directors, ratify the appointment of GHP Horwath, P.C. as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2014, and transact any such other business that may properly come before the meeting.

Also today, the Company announced that while it does not comment on market activity or market rumors, in view of the recent market activity in its common stock, the Company states that it is not aware of any material corporate developments that could account for any unusual trading activity. Management reiterates that the fundamentals of the Company's business have not changed.

"We continue to execute our operational strategy as addressed on our 2Q14 earnings call and strengthen our financial performance over time. Further, we are actively monitoring the stock price performance,"commented James Hong, Founder, Chairman and Chief Executive Officer of Zuoan.

Additionally, Zuoan has filed its 2013 annual report on Form 20-F, including its audited financial statements for the fiscal year ended December 31, 2013, with the U.S. Securities and Exchange Commission (the "SEC") on April 30, 2014. Zuoan's Form 20-F can be accessed on the Investor Relations section of the Company's website at http://zuoancn.investorroom.com as well as on the SEC's website at http://www.sec.gov . The notice of the annual general meeting of shareholders and the proxy statement relating to the meeting are available on the Company's website at http://zuoancn.investorroom.com . Zuoan will provide a hard copy of the 2013 Annual Report containing its audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request.

About Zuoan Fashion Limited

Zuoan Fashion Limited is a leading design-driven fashion casual menswear company in China and is headquartered in Shanghai. Zuoan offers a wide range of products, including men's casual apparel, footwear and lifestyle accessories, primarily targeting urban males between the ages of 20 and 40 who prefer stylish clothing that represents a sophisticated lifestyle. Through extensive networks of distributors and retail stores, Zuoan sells its products in 31 of China's 32 provinces and municipalities. As of June 30, 2014, Zuoan had 925 stores located in China.

SOURCE Zuoan Fashion Limited

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