DSS plans to distribute stock of Sharing Services Global to shareholders

DSS announced that the Company plans to distribute to its stockholders common stock of Sharing Services Global Corporation that is beneficially held by DSS, directly and through its subsidiary, Decentralized Sharing Systems, DSSI. Sharing Services is a diversified direct marketing company that is currently listed on the OTC and is in the process of up-listing to Nasdaq. As a major shareholder in Sharing Services, DSS is focused on identifying opportunities that will foster the long-term growth of SHRG and provide long-term benefit to its shareholders. DSS, together with its subsidiary DSSI, plan to distribute approximately 280 million shares, which represents over $5 million at the current market value 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. Immediately prior to the Distribution, DSS, together with its subsidiary DSSI, will beneficially hold 81.1% of the issued and outstanding shares of SHRG Common Stock. Upon completion of the Distribution, DSS and its subsidiary, DSSI, will retain an ownership interest of approximately 7% in Sharing Services Global Corporation.