Chow Tai Fook Jewellery Delivers Growth in Same Store Sales and Retail Sales Value in First Quarter FY2024 - Seite 2

China

Hong Kong&

Macauof

China

Same Store Sales(2) ("SSS") growth

+8.5%

+64.2%

SSS volume growth

-1.0%

+36.7%

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

-4.1%

+16.9%

- Gold jewellery and products

+9.9%

+101.1%

(1)"Retail Sales Value" measures the sales at the ending price (VAT inclusive, if any), in respective functional currencies,ofproductssoldtocustomersinthePOSnetworkandotherchannels.

(2)"Same Store Sales" for the First Quarter is the RSV from the self-operated POS of CHOW TAI FOOK JEWELLERY existing as at 30 June2023 and which have been opened prior to 1 April 2022. RSV from franchised POS and other channels are notincluded.

(Hong Kong, China, 10 July 2023) Chow Tai Fook Jewellery Group Limited ("Chow Tai Fook Jewellery Group", the "Group" or the "Company"; SEHK stock code: 1929), today announces unaudited key operational data of the Group for the three months ended 30 June 2023 (the "First Quarter", or the "Quarter" or "1QFY2024").

SSS and RSV Improvements Supported by Increased Mobility and Retail Activity

During 1QFY2024, recovery in general mobility and retail activity in the Mainland and Hong Kong and Macau had a positive impact on the Group's business. Same Store Sales ("SSS") in the Mainland recorded positive growth of 8.5%. With the reopening of Mainland's border, SSS in Hong Kong and Macau increased notably by 64.2% during the Quarter, with Hong Kong showing an increase of 64.9% and Macau up by 62.1%.