NCI Signs Asset Purchase Agreement To Acquire The Intellectual Property And R&D Capabilities Of Its Affiliated Company, Neo-Concept Company Ltd; Financial Terms Not Disclosed

Neo-Concept International Group Holdings Limited (NASDAQ:NCI) (the "Company"), a one-stop apparel solution services provider, today announced a game-changing acquisition. The company has signed an Asset Purchase Agreement ("APA") to acquire the intellectual property ("IP) and R&D capabilities of its affiliated company, Neo-Concept (Holdings) Company Limited ("NCH").