CHOW TAI FOOK (01929) second quarter retail value decreased by 0.5% year-on-year.

CHOW TAI FOOK (01929) announces that for the three months ended September 30, 2026 (second quarter), retail value decreased by 0.5% year-on-year. Among this, retail value in Mainland China decreased by 5.3%, while retail value in Hong Kong, Macau and other markets increased by 33.2%. During the quarter, same-store sales of directly operated stores in Mainland China (the Mainland) grew by 2.2%, while same-store sales of franchised stores declined by 2.9%. However, the Group's performance continued to outperform the jewelry retail market. Benefiting from a buoyant consumer atmosphere and strong customer traffic, same-store sales in Hong Kong and Macau grew by 29.6% during the period, with Hong Kong rising 24.0% and Macau rising 47.3%. During the quarter, the Group selectively opened 23 CHOW TAI FOOK jewelry retail points in the Mainland and closed 263 retail points, a net closure of 240 retail points. In Hong Kong, Macau and other markets, the Group net opened 1 CHOW TAI FOOK jewelry retail point during the quarter.