Law Offices of Howard G. Smith announces that a class action complaint has been filed on behalf of a class comprising purchasers of the securities of Vipshop Holdings Limited (“Vipshop” or the “Company”) (NYSE: VIPS) between February 17, 2015 and May 11, 2015, inclusive (the “Class Period”).

The complaint alleges that defendants made allegedly false and/or misleading statements and/or allegedly failed to disclose that: (a) Vipshop manipulated and overstated sales, receivables, profit, cash flows, and asset accounts including inventory and investments; (b) that Vipshop’s financial statements contained GAAP violations by reporting revenue on a 'gross' basis, despite the fact that the vast majority of the company's sales are under a consignment arrangement; (c) that Vipshop’s internal controls over financial reporting were ineffective; and, (d) that as a result of the foregoing, Vipshop's public statements were materially false and misleading at all relevant times. Upon disclosure of the Company’s fraudulent behavior, shares of Vipshop declined in value, thereby damaging investors. The lawsuit wishes to return the loss in shareholder value back to investors.

If you purchased Vipshop securities during the Class Period, you may move the Court no later than July 20, 2015, to serve as lead plaintiff, if you meet certain legal requirements. To be a member of the Class, you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Law Offices of Howard G. SmithHoward G. Smith, Esquire215-638-4847888-638-4847howardsmith@howardsmithlaw.comwww.howardsmithlaw.com

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