BeFra Announces Transfer of Listing of Common Stock to the New York Stock Exchange

Core Viewpoint - Betterware de México is transferring its stock listing from Nasdaq to the New York Stock Exchange (NYSE), effective June 7, 2024, under the ticker symbol "BWMX" [1][2]. Group 1: Company Overview - Betterware de México, founded in 1995, is the leading direct-to-consumer company in Mexico, focusing on innovative household products [3]. - The company expanded its portfolio by acquiring JAFRA on April 7, 2022, enhancing its presence in the beauty market in Mexico and the United States [3]. - Betterware operates with an asset-light business model, characterized by low capital expenditure requirements and a strong track record of profitability, double-digit revenue growth, and free cash flow generation [3]. Group 2: Strategic Move to NYSE - The transfer to the NYSE is seen as a strategic move to enhance the company's market visibility and leverage the NYSE's hybrid trading model, which is designed to mitigate trading volatility [2]. - The leadership of Betterware expressed confidence in the NYSE's market infrastructure and the potential for long-term value creation for shareholders [2]. - The NYSE welcomes Betterware as part of a global community of 2,400 companies, emphasizing the visibility and market quality that the exchange provides [2].