The board of directors of F J Benjamin Holdings Ltd. announced that the Company's wholly owned subsidiary companies, F J Benjamin (Singapore) Pte Ltd. and F J Benjamin (M) Sdn. Bhd., have entered into a three-year exclusive franchise agreement for the retail and distribution of Superdry products in Singapore and Malaysia with options to renew with The Pond Group Co Ltd. in South Korea with effect from 1 July 2024. The Pond Group Co Ltd. will be the beneficial owner of the Superdry logo and trademarks with effect from 1 July 2024.

The Agreement allows the Group to continue operating its Superdry franchise stores in Singapore and Malaysia, and the Group is looking positively to developing this business with the new owner of Superdry. The Agreement is not expected to have an impact on the financial performance of the Group for the current financial year ending 30 June 2024.