Chow Tai Fook Jewellery Group Announces 4QFY2024 Quarterly Results - Seite 2

11.4%

Mainland

China

Hong Kong&

Macauof China

Same Store Sales(2) growth

-2.7%

+4.5%

SSS volume growth

-6.9%

+4.5%

SSSG by product - Gem-set, Platinum and K-gold jewellery

-19.5%

-27.2%

- Gold jewellery and products

+3.4%

+16.6%

(1)"Retail Sales Value" measures the sales at the ending price (VAT inclusive, if any), in respective functional currencies, of products sold to customers in the POS network and other channels.

(2)"Same Store Sales" for the Fourth Quarter is the RSV from the self-operated POS of
CHOW TAI FOOK JEWELLERY existing as at 31 March 2024 and which have been opened prior to 1 April 2022. RSV from franchised POS and other channels are not included.

(Hong Kong, China, 12 January 2024) Chow Tai Fook Jewellery Group Limited ("Chow Tai Fook Jewellery Group", the "Group" or the "Company"; SEHK stock code: 1929), today announces certain unaudited key operational data of the Group for the three months ended 31 March 2024 (the "Fourth Quarter", or the "Quarter" or "4QFY2024").

Steady RSV Growth Supported by Strong Festive Demand

The Mainland and Hong Kong and Macau were benefitted from strong festive demand during 4QFY2024. Despite macro challenges, the Group's RSV registered steady growth of 12.4% during the Quarter.

In the Mainland, SSS moderated 2.7% year-on-year during the Quarter given the high base last year following the relaxation of pandemic-related restrictions. RSV of franchised CHOW TAI FOOK JEWELLERY stores remained resilient, increasing 18.3% during the Quarter, supported by the ramp up in store productivity, quality store opening over the past 12 months and an optimised portfolio of strong-performing stores.