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Ping An Consortium Invests in Nu Skin Enterprises

June 27, 2016

Paul Hastings LLP, a leading global law firm, announced today that it represented Ping An ZQ China Growth Opportunity Limited (“Ping An ZQ China Growth Opportunity”) in a $210 million strategic investment in consumer beauty products company Nu Skin Enterprises. Ping An ZQ China Growth Opportunity consists of a consortium of experienced Chinese investors led by Ping An of China Securities (Hong Kong) Company Ltd and a group of additional investors affiliated with ZQ Capital Limited.

Under the terms of the investment, Ping An ZQ China Growth Opportunity is purchasing $210 million in aggregate principal amount of 4.75 percent, four-year convertible senior notes with an initial conversion price of $46.50 per share. The convertible notes will be general unsecured obligations of Nu Skin and will mature on June 15, 2020.

Corporate partners

and led a team of Paul Hastings attorneys that included partners , , , and , counsels and James Holden and associates and .

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