Daphne International Holdings Limited

HONG KONG - Daphne International Holdings Limited (HKSE: 210, "Daphne" or "the Company"), the owner of the "Daphne" and "Shoebox" brands and a leading retailer of ladies' footwear in the PRC, announced today that the Company has entered into an agreement with TPG Capital ("TPG"), under which TPG will make a strategic investment in Daphne through the subscription of RMB 550 million convertible bonds with warrants.