KBS Fashion Group Limited announced that on September 23, 2021, Sun Lei, Chief Executive Officer of Luxventure, has been appointed as the President of the Cross-border Merchants Association of Hainan Province (“CMA”). The government of China has designated Hainan Province as a free port and CMA is the only association for the cross-border merchants set up by the local government. CMA will focus on assisting members with cross-border business opportunities and set the standards to be followed by its members.