A few days ago, city beauty (02298) announced that Guan Xiaotong was appointed as the spokesperson of the group's "Cosmo Lady" brand underwear and home furnishing clothes in China in June 1, 2019, serving for 2 years.

At the same time, city beauty pointed out that in the second half of this year, more and more new products will be introduced to the market. The Board believes that Guan Xiaotong's endorsement will bring new marketing ideas to the group underwear and home clothes, and strengthen the positioning and popularity of Cosmo Lady brand.

At present, Guan Xiaotong's micro-blog fans are 26 million 550 thousand, from the choice of "national name girl" as the brand spokesperson, the urban beauty pays attention to the young market.

Before that, the city beauty also announced that it announced that in June 14, 2019, Guangdong urban beauty had entered into sixteen joint venture cooperation agreements with its respective controlling shareholders of the sixteen existing suppliers of the group.

According to the cooperation agreement of the joint venture company, the contractual partner carries on the business cooperation activity through the established joint venture company (Guangdong city beauty person holds 19.99% equity interest, the remaining part is held by the controlling shareholder of each supplier).

According to the previous earnings report of urban beauty, in the 2018 fiscal year, the income of urban beauty rose 12.2% to 5 billion 96 million yuan, the operating profit rose 15.4% to 484 million yuan, and the net profit increased by 19.31% to 378 million yuan.