Latest news with #ChowTaiFookJewelleryGroup
Associated Press
2 days ago
- Business
- Associated Press
Chow Tai Fook Jewellery Posts Strong Margin Expansion and Operating Profit for FY2025 from Brand Transformation Success
Results Highlights HONG KONG, HK / ACCESS Newswire / June 12, 2025 / Chow Tai Fook Jewellery Group Limited ('Chow Tai Fook Jewellery Group', the 'Group' or the 'Company"; SEHK stock code:1929), today announces its annual results for the year ended 31 March 2025 ('FY2025"). Strong Operating Profit and Margin Expansion Underscores Financial Resilience The Group demonstrated financial resilience and strategically navigated the evolving market landscape by embarking on its brand transformation in FY2025. While macro-economic externalities and elevated gold prices weighed on the consumer sentiment and consequently jewellery spending during the financial year and led to a 17.5% decline in the Group's revenue, it was able to chart steady progress towards enhancing brand desirability and earnings quality. The Group's gross profit margin expanded by 550 basis points to 29.5%, mainly attributable to the improved like-for-like margin at retail level resulting from the gold price surge, as well as an improvement in the product mix particularly with the higher contribution of our fixed-price gold products. The operating profit margin also expanded by 400 basis points to 16.4%, while operating profit delivered a year-on-year growth of 9.8%, reaching HK$14,746 million. Profit attributable to shareholders decreased 9.0% in FY2025 to HK$5,916 million, as the increase in operating profit was offset by the loss arising from the revaluation of gold loan contracts amid volatility in gold prices during the financial year. Earnings per share was HK$0.59. The Board has proposed a final dividend of HK$0.32 per share, bringing the dividend per share for the year to HK$0.52. The full year payout ratio in FY2025 was approximately 87.8%. Dr. Henry Cheng, Chow Tai Fook Jewellery Group Chairman, said, 'At Chow Tai Fook Jewellery, we are making great strides in our brand transformation journey. We remain determined to satisfy evolving customer demand while seizing the emerging opportunities across China and other markets. As the leading Chinese jeweller, we maintain our strong commitment to carrying forth our legacy of bold innovation, masterful craftsmanship, and proud cultural heritage.' New Image Stores Enhances Brand Desirability and Store Productivity As an integral part of its brand transformation, the Group is reshaping the jewellery shopping experience with the launch of five new image stores in Hong Kong, Shanghai, Shenzhen, Wuhan and Xi'an. The new premium store format elevated Chow Tai Fook Jewellery's brand desirability and provided an improved product mix, resulting in higher store productivity compared to the average store in the first few months since opening. As we continue to progress our five strategic priorities and take a proactive approach to evolving market trends, same store performance in Mainland China improved quarter by quarter in FY2025, while Hong Kong and Macau saw a stabilisation in performance towards the end of the financial year. SSS in the Mainland declined by 19.4% in FY2025. Separately, sales of franchised POS calculated on a same-store basis dropped 13.9% during the financial year, signifying a stronger performance than self-operated stores due to a higher proportion of newer stores. In Hong Kong and Macau, SSS was down by 26.1% in the financial year. SSS in Hong Kong dropped 23.1% while in Macau it fell 35.3%, as Macau's business had higher reliance on the spending of Mainland tourists. Product Optimisation to Resonate with Target Customers The Group continued its product optimisation efforts and offered products with different value propositions to meet customer preferences and create emotional resonance. Notably, revenue from fixed-price gold products surged by 105.5% year-on-year and itsRSV mix within the Mainland gold jewellery and product category expanded significantly to 19.2% from 7.1% the same period last year. The Group's new iconic fixed price collections, CTF Rouge Collection and Chow Tai Fook Palace Museum Collection, have sustained strong momentum since launch and each achieved sales of approximately HK$4 billion in this financial year, exceeding the annual targets. During the financial year, the Group further tapped into the 'Intellectual Properties ('IPs') Derivative Economy', driven by Gen Z consumers, by strengthening its portfolio of high-profile collaborations with brands such as Black Myth: Wukong and Chiikawa, in response to the younger generation's pursuit of emotional value. Demonstrating its commitment to diversification and capturing emerging consumer trends, the Group also unveiled the exclusive CTF Pet Jewellery in March 2025, the first of its kind from a Chinese jeweller. The meaningful and innovative products tap into the booming pet economy, which has experienced significant growth in recent years. Leveraging Online Channels to Deepen Customer Engagement During the financial year, the Group significantly enhanced customer engagement and achieved fruitful results in e-commerce development in both Mainland China and Hong Kong. In the Mainland, by leveraging the resources of its newly established in-house livestreaming studio and Key Opinion Sales ('KOS'), the Group expanded its reach and created viral bestsellers across multiple social media platforms, further amplifying brand visibility and consumer connection online. E-commerce contributed 5.8% in RSV and 13.8% in volume to its Mainland performance during FY2025. Furthermore, during Double 11 in 2024, the Group secured the No.1 position in livestreaming jewellery sales on the Tmall platform, helping to amplify the Group's reach, particularly to young customers. In Hong Kong and Macau, the e-commerce channel complemented and further enhanced the omni-channel shopping experience. E-commerce sales grew by approximately 91% in this market segment in FY2025, driven by the customers' positive reception to the revamped brand website and successful launch of key IP collections. Optimising Point of Sales ('POS') Network to Maximise Store Productivity POS optimisation is crucial to the Group's strategy for sustaining market leadership, while enhancing the overall financial health and resilience of its retail network by maximising store productivity. In FY2025, the Group's POS optimisation strategy proved effective, resulting in improved store productivity. In Mainland China, the Group remained agile and strategic in optimising its retail network by adopting a highly selective approach to opening stores in prime locations. The new stores opened during the year delivered more than double the average productivity of those closed. In addition, the progressive and healthy ramp-up of newer stores during the financial year strengthened the resilience and stability of the Group's store network. As of 31 March 2025, the Group maintained its leading position with a network of 6,274 CHOW TAI FOOK JEWELLERY POS in Mainland China, . The retail network in Hong Kong and Macau was maintained at 87 CHOW TAI FOOK JEWELLERY POS, positioning the Group favourably to drive quality earnings growth. In other markets, we optimised the store locations during the year. We opened a net of 3 CHOW TAI FOOK JEWELLERY POS (excluding China duty free) in Thailand, Malaysia and Japan. Business Outlook Chow Tai Fook Jewellery Group is encouraged by the continued progress in its brand transformation strategy and the positive impact on the Group's financial and operational performance in FY2025 and in FY2026 to date. Building on this momentum, the Group's strategic initiatives, together with the relatively lower comparables, shall further support its business fundamentals and recovery trajectory, making FY2026 a year set for quality growth Amidst the external volatility and uncertainty, the Group is closely examining government policies and initiatives to boost consumption, tracking gold price movements and assessing the operating landscape in countries earmarked for international expansion to inform its business decisions. Looking ahead, the Group will continue to rigorously uphold its financial discipline in cost and capital management to achieve high earnings quality. The Group's unwavering commitment to brand transformation will sharpen its competitiveness, bolster long-term growth prospects, and increase total shareholder returns sustainably. ### Chow Tai Fook Jewellery Group Limited Chow Tai Fook Jewellery Group Limited (the 'Group"; SEHK stock code:1929) was listed on the Main Board of The Stock Exchange of Hong Kong in December 2011. The Group firmly upholds the vision: 'To be the leading global jewellery brand that is a trusted lifetime partner for every generation', drawing on nearly a century of legacy and success. Founded in 1929, the Group's iconic brand 'CHOW TAI FOOK' has become an emblem of tradition, celebrated for its bold designs and an unwavering attention to detail. Building upon a rich heritage and a foundation of trust, the Group is not only widely recognised for honouring traditions but also for fostering deep, meaningful connections with a diverse customer base through its exquisite jewellery. The Group's long-standing commitment to innovation and craftsmanship has been integral to its success over time and has become synonymous with excellence, value and authenticity. As a leading Chinese jeweller, the Group believes in blending contemporary cutting-edge designs with traditional techniques to create jewellery that can be passed down from generation to generation. Every collection is thoughtfully conceived and crafted to reflect the stories of our customers, celebrating the special moments in their lives. Committed to growing alongside our customers, the Group embraces a spirit that aspires to inspire and captivate generations to come, weaving the story of CHOW TAI FOOK into the fabric of their lives. Offering a wide variety of products, services and channels, the Group's brand portfolio comprises the CHOW TAI FOOK flagship brand with curated retail experiences, and other individual brands including HEARTS ON FIRE, ENZO and MONOLOGUE. The Group is committed to delivering sustainable long-term value creation for its stakeholders by enhancing the quality of earnings and driving higher value growth. We operate an extensive omni-channel retail ecosystem, with a retail network across China and multiple locations globally, complemented by a growing e-commerce business that further enhances our competitive edge. Media Enquiries: Chow Tai Fook Jewellery Group Limited Haide Ng Associate Director, Investor Relations and Corporate Communications Tel: (852) 3115 4402 Email: [email protected] Acky Chan Senior Manager, Investor Relations and Corporate Communications Tel: (852) 3115 4403 Email: [email protected] 12/06/2025 Dissemination of a Financial Press Release, transmitted by EQS News. The issuer is solely responsible for the content of this announcement. Media archive at SOURCE: Chow Tai Fook Jewellery Group Limited press release
Yahoo
4 days ago
- Business
- Yahoo
Chow Tai Fook Jewellery Group Named Official Sponsor of The 15th National Games of the People's Republic of China
HONG KONG, HK / / June 10, 2025 / Chow Tai Fook Jewellery Group Limited ("Chow Tai Fook Jewellery Group", "Chow Tai Fook Jewellery", the "Group" or the "Company"; SEHK stock code: 1929), the leading Chinese jeweller, announced today that it serves as the exclusive sponsor from the jewellery industry for the 15th National Games of the People Republic of China (the "National Games") and the 12th National Games for Persons with Disabilities & the 9th National Special Olympic Games, the People's Republic of China. As part of this sponsorship, the Group also leads the design and crafting of the official medals for China's premier multi-sport events. Ms Sonia Cheng, Vice-chairman, and Mr. Kent Wong, Managing Director of Chow Tai Fook Jewellery Group attended the 15th National Games Medal Unveiling Ceremony held today in Guangzhou, where the official medals for competition and mass participation events were revealed. The 15th National Games will take place in Guangdong, Hong Kong, and Macau from 9 to 21 November 2025. The National Games, held every four years, is China's most prestigious sporting event, showcasing a vast array of the nation's finest athletic talents. This year is particularly noteworthy and relevant, with the games to be held for the first time across three cities in the Greater Bay Area - the region in which Chow Tai Fook Jewellery's legacy began. The Group's sponsorship demonstrates its unwavering commitment to supporting Chinese athletics, a relationship that has flourished over the years. As the leading Chinese jeweller renowned for its creative mastery, Chow Tai Fook Jewellery is deeply rooted with a strong presence in China, creating an increasing impact globally and resonating with audiences beyond its home markets. Exclusive Sponsor from Jewellery Industry Chow Tai Fook Jewellery's collaboration with the 15th National Games represents a significant milestone in the brand's ongoing transformation journey. As the exclusive sponsor from the jewellery industry, the Group's appointment as the official designer and creator of the 15th National Games medals is a testament to its leadership in design and aesthetics excellence. The Group is honoured to team up with Guangzhou Academy of Fine Arts on the design of the medals, which prove to be a dynamic exchange of design expertise and creative synergy. Each medal, designed with the highest degree of precision, celebrates the dedication and excellence of China's finest athletes, while bridging the realm of sports and cultural heritage. The Chow Tai Fook Jewellery design team, in line with its storied reputation, has exhibited exceptional meticulousness, refining the medal designs through countless iterations in pursuit of perfection. Taking inspiration from the 15th National Games' official emblem, the medals of the competition and mass participation events feature a three-layered hierarchical 3D structure, expressed through regional floral emblems from the three host cities, symbolising unity and boundless vitality. Three sets of concentric Möbius rings on the outer edge represent connection and endless possibilities, and the edge of the medal is adorned with 66 ridges, paying tribute to the 66-year history of the National Games. In addition, the wave-like patterns on both medals delineate the convergence of the rivers across Guangdong, Hong Kong and Macau. The ring of each medal features a "Tongxin Knot" inspired by the Hong Kong-Zhuhai-Macao Bridge, in which a steel rainbow is transformed into a cultural totem and emerges as a symbol of the creativity and cultural harmony of the Greater Bay Area. The medal design of the competition events captures the collective spirit of connection and growth within the Greater Bay Area. The Games' official emblem complemented by the patterns of the peony, known as the King of Flowers which also symbolises the flourishing Greater Bay Area buoyed by China. These design elements seamlessly blend the region's rich heritage with its modern identity at the same time as celebrating athletic prowess and reinforcing the Group's commitment to showcasing the beauty and richness of Chinese culture to the world. Championing Sports Development Chow Tai Fook Jewellery's commitment to Chinese athletics extends beyond mere partnership. For decades, the Group has championed and supported national sports, intertwining cultural heritage with forward-thinking development. The Group took a major step forward in 2022 by establishing the Cheng Kar-Shun Champion Development Foundation, which provided RMB 120 million to the Beijing Sport University Education Foundation. This initiative aims to support more young people in pursuing their dreams and contribute to the national athletic development. This substantial investment is able to support elite athlete development, youth training programmes, and career opportunities for national athletes. Through enhanced training initiatives, expanded youth programmes, and stronger synergies between athletics and education, Chow Tai Fook Jewellery Group is honoured to have a role in strengthening China's position in international sports hand-in-hand with nurturing the nation's next generation of athletes. Mr. Conroy Cheng and Ms. Sonia Cheng, Vice-chairmen of Chow Tai Fook Jewellery Group , stated jointly, "For nearly a century, we have perfected the art of exquisite design, and now we are bringing that mastery to China's most prestigious sporting event. When a winner holds one of our medals, they are celebrating success from their hard work and effort as well as our 96 years of dedication in preserving Chinese cultural heritage. We have taken the expertise and creativity that we have garnered over time to reimagine something meaningful and worthy of today's champions. Each piece tells two stories - one of outstanding athletic achievement, and another of our nation's artistic soul. These medals are not just awards; they are timeless symbols of Chow Tai Fook Jewellery's journey from a humble beginning in Guangzhou to a global Chinese jewellery house." Mr. Kent Wong, Managing Director of Chow Tai Fook Jewellery Group, added , "This collaboration advances our long-term commitment to supporting national initiatives in athletic talent development and sportsmanship. We are proud to contribute to China's vision of becoming a leading sporting nation whilst upholding our own dedication to innovative design. Chow Tai Fook Jewellery continues to make the enlightening connection of heritage with contemporary design, inspiring future generations to reach new heights." ### Photo Captions Officiating guests attended the medal unveiling ceremony of the 15th National Games of the People's Republic of China. From left to right: Official Medals of Competition Events Official Medals of Mass Participation Events Chow Tai Fook Jewellery Group Limited Chow Tai Fook Jewellery Group Limited (the "Group"; SEHK stock code: 1929) was listed on the Main Board of The Stock Exchange of Hong Kong in December 2011. The Group firmly upholds the vision: "To be the leading global jewellery brand that is a trusted lifetime partner for every generation", drawing on nearly a century of legacy and success. Founded in 1929, the Group's iconic brand "CHOW TAI FOOK" has become an emblem of tradition, celebrated for its bold designs and an unwavering attention to detail. Building upon a rich heritage and a foundation of trust, the Group is not only widely recognised for honouring traditions but also for fostering deep, meaningful connections with a diverse customer base through its exquisite jewellery. The Group's long-standing commitment to innovation and craftsmanship has been integral to its success over time and has become synonymous with excellence, value and authenticity. As a leading Chinese jeweller, the Group believes in blending contemporary cutting-edge designs with traditional techniques to create jewellery that can be passed down from generation to generation. Every collection is thoughtfully conceived and crafted to reflect the stories of our customers, celebrating the special moments in their lives. Committed to growing alongside our customers, the Group embraces a spirit that aspires to inspire and captivate generations to come, weaving the story of CHOW TAI FOOK into the fabric of their lives. Offering a wide variety of products, services and channels, the Group's brand portfolio comprises the CHOW TAI FOOK flagship brand with curated retail experiences, and other individual brands including HEARTS ON FIRE, ENZO and MONOLOGUE. The Group is committed to delivering sustainable long-term value creation for its stakeholders by enhancing the quality of earnings and driving higher value growth. With an extensive retail network across China and multiple locations globally, along with a growing e-commerce business, the Group is implementing targeted online-to- offline ("O2O") strategies to strengthen its competitiveness in today's omni-channel retail environment. Media Enquiries:Chow Tai Fook Jewellery Group Limited Haide NgAssociate Director, Corporate CommunicationsTel: (852) 3115 4402Email: haideng@ Acky ChanSenior Manager, Corporate Communications Tel: (852) 3115 4403Email: ackychan@ SOURCE: Chow Tai Fook Jewellery Group Limited View the original press release on ACCESS Newswire Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
30-04-2025
- Business
- Yahoo
Asian Stocks That May Be Trading Below Their Estimated Value
As global trade tensions show signs of easing, the Asian markets have experienced a boost in investor sentiment, with indices like China's CSI 300 and Japan's Nikkei 225 seeing positive movements. In this environment of cautious optimism, identifying stocks that may be trading below their estimated value can offer potential opportunities for investors looking to capitalize on market inefficiencies. Name Current Price Fair Value (Est) Discount (Est) Ningbo Sanxing Medical ElectricLtd (SHSE:601567) CN¥25.60 CN¥50.19 49% Alexander Marine (TWSE:8478) NT$142.00 NT$280.34 49.3% Wuxi Lead Intelligent EquipmentLTD (SZSE:300450) CN¥19.92 CN¥39.10 49.1% Rakus (TSE:3923) ¥2154.50 ¥4285.76 49.7% Jiangshan Oupai Door Industry (SHSE:603208) CN¥14.06 CN¥27.47 48.8% Newborn Town (SEHK:9911) HK$8.17 HK$16.06 49.1% Beijing Zhong Ke San Huan High-Tech (SZSE:000970) CN¥10.50 CN¥20.76 49.4% Tonghua Dongbao Pharmaceutical (SHSE:600867) CN¥7.23 CN¥14.11 48.8% China Ruyi Holdings (SEHK:136) HK$2.04 HK$4.07 49.9% Everest Medicines (SEHK:1952) HK$49.25 HK$96.84 49.1% Click here to see the full list of 275 stocks from our Undervalued Asian Stocks Based On Cash Flows screener. Let's dive into some prime choices out of the screener. Overview: Chow Tai Fook Jewellery Group Limited is an investment holding company that manufactures and sells jewelry products in Mainland China, Hong Kong, Macau, and internationally with a market cap of HK$103.67 billion. Operations: The company's revenue is primarily derived from Mainland China, contributing HK$82.05 billion, and from Hong Kong, Macau, and other markets, which together account for HK$17.80 billion. Estimated Discount To Fair Value: 29.9% Chow Tai Fook Jewellery Group, trading at HK$10.38, is undervalued compared to its estimated fair value of HK$14.81, offering a potential opportunity for investors focused on cash flow valuation. Despite a lower profit margin of 4.5% and high debt levels, the company's earnings are expected to grow significantly at 22.1% annually over the next three years. Recent executive changes aim to enhance financial management and strategic oversight, potentially improving operational efficiencies further. The analysis detailed in our Chow Tai Fook Jewellery Group growth report hints at robust future financial performance. Take a closer look at Chow Tai Fook Jewellery Group's balance sheet health here in our report. Overview: China Tobacco International (HK) Company Limited operates in the tobacco industry and has a market cap of HK$17.29 billion. Operations: The company's revenue segments include the Brazil Operation Business (HK$1.05 billion), Cigarettes Export Business (HK$1.57 billion), New Tobacco Products Export Business (HK$135.18 million), Tobacco Leaf Products Export Business (HK$2.06 billion), and Tobacco Leaf Products Import Business (HK$8.25 billion). Estimated Discount To Fair Value: 12.8% China Tobacco International (HK) is trading at HK$25, undervalued against its fair value estimate of HK$28.66, presenting a potential opportunity for cash flow-focused investors. Despite a high debt level and slower revenue growth forecast of 10.4% annually, the company reported strong earnings growth of 42.6% last year and expects continued profit increases at 10.91% per year, outpacing the Hong Kong market's average growth rate. The growth report we've compiled suggests that China Tobacco International (HK)'s future prospects could be on the up. Delve into the full analysis health report here for a deeper understanding of China Tobacco International (HK). Overview: Wuxi Lead Intelligent Equipment Co., Ltd. develops, manufactures, and sells intelligent equipment in China with a market cap of CN¥30.97 billion. Operations: Wuxi Lead Intelligent Equipment Co., Ltd. generates revenue through the development, manufacturing, and sale of intelligent equipment in China. Estimated Discount To Fair Value: 49.1% Wuxi Lead Intelligent EquipmentLTD, trading at CNY 19.92, is significantly undervalued compared to its estimated fair value of CNY 39.1, offering potential for cash flow-focused investors. Despite recent declines in net income and profit margins due to large one-off items, the company is forecasted to experience robust revenue growth of 21.4% annually and earnings growth of 67.8%, both surpassing market averages in China over the next few years. Our growth report here indicates Wuxi Lead Intelligent EquipmentLTD may be poised for an improving outlook. Dive into the specifics of Wuxi Lead Intelligent EquipmentLTD here with our thorough financial health report. Embark on your investment journey to our 275 Undervalued Asian Stocks Based On Cash Flows selection here. Got skin in the game with these stocks? Elevate how you manage them by using Simply Wall St's portfolio, where intuitive tools await to help optimize your investment outcomes. Enhance your investing ability with the Simply Wall St app and enjoy free access to essential market intelligence spanning every continent. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include SEHK:1929 SEHK:6055 and SZSE:300450. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
Associated Press
13-03-2025
- Business
- Associated Press
Chow Tai Fook Jewellery Group Announces Strategic Appointment in its Financial Leadership Bench Strength
HONG KONG, CHINA / ACCESS Newswire / March 13, 2025 / Chow Tai Fook Jewellery Group Limited ('Chow Tai Fook Jewellery Group', the 'Group', or the 'Company"; SEHK stock code: 1929), a Hong Kong Main Board listed company, today announces a new strategic appointment to strengthen its financial leadership bench. To support the business transformation and sustainable growth of the Group, with effect from 1st April 2025, Mr. Hamilton Cheng, an Executive Director of the Board of Directors, will focus on providing strategic oversight on capital management, investor relations and company secretaries responsibilities while Ms. Karen Yih will succeed Mr. Cheng as the Chief Financial Officer ('CFO') of the Group. Ms. Yih will target in advancing the Group's financial management, long-term growth and transformation strategy which includes financial planning and analysis, financial reporting, financial operations management, risk management, and legal affairs. In line with the Group's commitment to executing its five strategic priorities for quality expansion, it is investing thoughtfully across the organisation to stay ahead of the industry amidst the rapidly evolving global business environment. The new appointment with clearly defined roles and accountabilities is part of the Group's ongoing proactive approach to ensure it is well-positioned to address future challenges, seize emerging opportunities, and bolster its transformation initiatives. Ms. Yih has extensive experience in finance leadership, digital transformation, corporate developments, and international expansion across diverse industries, including retail, fast-moving consumer goods ('FMCG') and manufacturing. Prior to joining the Group, she served as the CFO of Starbucks China, where she spearheaded the finance team to support sustainable business growth, enhance capital returns while ensuring financial discipline. Her earlier career included senior leadership roles at PepsiCo APAC and Starbucks APAC, where she also led new market entry and international expansion across multiple markets. Dr. Henry Cheng, Chow Tai Fook Jewellery Group Chairman, said, 'The Board continues to prioritise strong agility and financial stewardship to effectively navigate and succeed in today's dynamic business landscape and rapidly evolving global environment. By seamlessly combining Hamilton's invaluable industry insights with Karen's extensive experience in China and international markets, we are confident that the strengthened financial leadership will continue to improve operational efficiencies across the Group as we execute on our commitment to deliver sustainable value creation for our stakeholders.' Chow Tai Fook Jewellery Group Limited Chow Tai Fook Jewellery Group Limited (the 'Group"; SEHK stock code: 1929) was listed on the Main Board of The Stock Exchange of Hong Kong in December 2011. The Group firmly upholds the vision: 'To be the leading global jewellery brand that is a trusted lifetime partner for every generation', drawing on nearly a century of legacy and success. Founded in 1929, the Group's iconic brand 'CHOW TAI FOOK' has become an emblem of tradition, celebrated for its bold designs and an unwavering attention to detail. Building upon a rich heritage and a foundation of trust, the Group is not only widely recognised for honouring traditions but also for fostering deep, meaningful connections with a diverse customer base through its exquisite jewellery. The Group's long-standing commitment to innovation and craftsmanship has been integral to its success over time and has become synonymous with excellence, value and authenticity. As a leading Chinese jeweller, the Group believes in blending contemporary cutting-edge designs with traditional techniques to create jewellery that can be passed down from generation to generation. Every collection is thoughtfully conceived and crafted to reflect the stories of our customers, celebrating the special moments in their lives. Committed to growing alongside our customers, the Group embraces a spirit that aspires to inspire and captivate generations to come, weaving the story of CHOW TAI FOOK into the fabric of their lives. Offering a wide variety of products, services and channels, the Group's brand portfolio comprises the CHOW TAI FOOK flagship brand with curated retail experiences, and other individual brands including HEARTS ON FIRE, ENZO, SOINLOVE and MONOLOGUE. The Group is committed to delivering sustainable long-term value creation for its stakeholders by enhancing the quality of earnings and driving higher value growth. With an extensive retail network across China and multiple locations globally, along with a growing e-commerce business, the Group is implementing targeted online-to-offline ('O2O') strategies to strengthen its competitiveness in today's omni-channel retail environment. Media Enquiries: Chow Tai Fook Jewellery Group Limited Haide Ng Associate Director, Investor Relations and Corporate Communications Tel: (852) 3115 4402 Tel: (852) 3115 4403 13/03/2025 Dissemination of a Financial Press Release, transmitted by EQS News. The issuer is solely responsible for the content of this announcement. Media archive at
