 SHISHI, China, June 22, 2021 PRNewswire -- KBS Fashion Group Limited KBS or the Company NASDAQ: KBSF , a leading fully-integrated casual menswear company in China and the operator of Luxventure, a social media platform, today announced that the Company has entered into an Employment Agreement with Sun Lei, our Chief Executive Officer. Under the Employment Agreement, Sun Lei shall receive a cash compensation of USD1.00 and, based upon our annual revenues as reported in our 2021 annual report, stock compensation as follows: i10,000 shares of ordinary stock for revenue of USD10,000,000; ii 100,000 shares of ordinary stock for revenue of USD20,000,000; iii 250,000 shares of ordinary stock for revenue of USD30,000,000; iv 500,0000 shares of ordinary stock for revenue of USD40,000,000; and v 1,000,000 shares of ordinary stock for revenue of USD50,000,000. 