LUK FOOK HOLD (00590) overall retail value grew 8% year-on-year in the second quarter.

LUK FOOK HOLD (00590) announced that the Group's overall retail value (including self-operated stores, brand stores and e-commerce business) and retail revenue (including self-operated stores and e-commerce business) for the second quarter rose by 8% and 23% year-on-year respectively, among which the retail value share of gold and platinum products increased by 5 percentage points year-on-year to 83% due to the substantial growth in sales of investment gold products. The Group's overall same-store sales for the second quarter were +12%. Although the international average gold price (per ounce in US dollars) rose by 23% year-on-year during the quarter, the same-store sales amount of gold products priced by weight still grew by +22%, while their same-store sales weight growth was -2%. Facing a high base, same-store sales of fixed-price jewellery products were -12%, among which fixed-price gold products were -8%. Among these, the Group's retail value and retail revenue (including self-operated stores and e-commerce business) in the Hong Kong and Macau markets for the second quarter both rose by 17% year-on-year, mainly benefiting from the price differential advantage of products in the Hong Kong and Macau markets relative to the mainland market and the appreciation of the RMB, which drove growth in mainland visitor traffic and business. Overall same-store sales in the Hong Kong and Macau markets were +13%, among which Hong Kong was +10% and Macau was +19%. Same-store sales of gold products in the Hong Kong and Macau markets were +24%, while same-store sales of fixed-price jewellery products were -13% under a high base, among which fixed-price gold products were -10%. In the mainland market, overall retail value (including self-operated stores, brand stores and e-commerce business) for the second quarter fell by 2% year-on-year, among which retail value of gold products rose by 4%, while fixed-price jewellery products fell by 24%. Among fixed-price jewellery products, retail value of fixed-price gold products fell by 19%. Mainland retail revenue (including self-operated stores and e-commerce business) still recorded a 28% year-on-year increase despite a high base, and its e-commerce business sales also rose by 28% year-on-year. Overall same-store sales growth in the mainland market (including self-operated stores and brand stores) was +1%. Same-store sales of self-operated stores were +3%, gold products were +6%, and fixed-price jewellery products were -14%, among which fixed-price gold products were -3%. In the Group's other markets, retail value (including self-operated stores and brand stores) and retail revenue (including self-operated stores) for the second quarter rose by 25% and 24% year-on-year respectively, mainly driven by the Group's continued expansion of its international business footprint and active addition of new stores. Overall same-store sales in other markets were +14%. Same-store sales of gold products in other markets were +23%, while same-store sales of fixed-price jewellery products were -5%, among which fixed-price gold products were -4%. The Group continues to advance its international development and entered the European market for the first time during the quarter, opening 1 self-operated store in London, the United Kingdom. Together with the Singapore market entered in the first quarter, the Group successfully expanded into two new countries in the first half of the financial year, achieving its full-year target ahead of schedule. In addition, the Group also opened its first brand store in the Taiwan, China market during the quarter. As a result, the Group net opened a total of 5 stores in other markets in the second quarter, located in London, the United Kingdom; Taiwan, China; Kuala Lumpur, Malaysia; Singapore; and Ho Chi Minh City, Vietnam. However, with the continued optimization and consolidation of the brand store network in fourth- and fifth-tier cities in the mainland, the Group's global store count net decreased by 69 during the quarter. As of September 30, 2026, the Group had a total of 2,788 stores worldwide.