DSS announces distribution date of Sharing Services shares

DSS announced the distribution date for the common stock of Sharing Services Global Corporation that is beneficially held by DSS, directly and through its subsidiary, Decentralized Sharing Systems. As previously announced, DSS Inc., together with its subsidiary DSSI, distributed approximately 280 million shares of Sharing Services’ common stock beneficially held by DSS and DSSI in a distribution to holders of DSS common stock, par value $0.02 per share as of April 28, 2023. Each share of DSS Common Stock outstanding as of 5:00 p.m., New York City time, held on April 28, 2023, will entitle the holder thereof to receive two SHRG common stock shares to be distributed on May 4, 2023. Sharing Services is a diversified direct marketing company that is currently listed on the OTCQB Market and is in the process of up-listing to Nasdaq. Upon completion of the Distribution, DSS and its subsidiary, DSSI, will retain an ownership interest of approximately 7% in Sharing Services Global Corporation.