Chow Tai Fook Jewellery Achieves 12.4% Growth in Retail Sales Value in 4QFY2024

Chow Tai Fook Jewellery Sustained 12.4% Growth in RSV in 4QFY2024, Leveraging Festive Demand and Continuing Transition to Higher Value Growth The Group's Retail Sales Value increased 12.4% in 4QFY2024 which was mainly driven by the strong festive demand , resilient consumption for gold jewellery and a continuing transition to higher value growth .

In Hong Kong, Macau and other markets, with the continued recovery of inbound tourism, coupled with Lunar New Year holiday, RSV grew 12.8% during the Quarter, despite a very high base in the same period last year. Chow Tai Fook Jewellery Group Limited , today announces certain unaudited key operational data of the Group for the three months ended 31 March 2024 .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.

We continued to enhance digital customer engagement and stay agile in our product planning when targeting online consumers. E-commerce in Mainland China contributed to 3.9% in RSV and 10.4% in volume in the Quarter.Demand for gold jewellery and products remained resilient in the Quarter due to the growing interest in gold jewellery among young consumers.

Founded in 1929, the Group's iconic brand"CHOW TAI FOOK" is widely recognised for its trustworthiness and authenticity, and is renowned for its product design, quality and value. A long-standing commitment to innovation and craftsmanship has contributed to the Group's success, along with that of its iconic retail brand, and has been embodied in its rich heritage. Underpinning this success are our long-held core values of"Sincerity • Eternity".

Chow Tai Fook Jewellery Retail Sales Growth Festive Demand Higher Value Growth Mainland China Promotions Dragon-Themed Products

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