Native : Completes the Restructuring and Announces 2020 Corporate Calendar

The Native SA Completes the Restructuring and Announces 2020 Corporate Calendar. The

Stage is Set for Reset of Our Business in 2020

January 3, 2020, Basel - The Native SA, a Swiss ecommerce services, technology and media company (the "Company") has completed the restructuring process initiated in summer of 2019 and aimed to de-leverage the Company through divestment of assets (and debts) and simplifying its corporate structure.

On December 30, 2019, The Native SA had sold 100% ownership interest in two of its idle subsidiaries, a New York based The Native Media Inc, and a Lausanne-based Blockchain Lab SA, each had been sold to a third party for undisclosed consideration.

This divestment combined with an earlier (as announced on December 23, 2019) issuance of the CHF 3.219 million in convertible notes with mandatory conversion into shares of The Native SA (with an absolute majority of creditors converted), has resulted in a simplified corporate and debt structure of the Company whereas it has no subsidiaries, although it maintains a minority unconsolidated investment in a New York ecommerce company Paddle8 (P8H Inc).

With debt restructuring and divestments completed, The Native SA will present its new business strategy in a comprehensive update to be published in Q1 2020. The Native SA has also announced its corporate calendar for 2020 (https://thenative.ch/corporate-calendar/), with the annual shareholders meeting set for June 30, 2020.

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