China Dongxiang Announces Operational Results for Q4 and Twelve Months of FY2020/21

The Retail Performance for the Overall Platform Registered a Mid-Sixties
Growth yoy in Q4

Same-Store-Sales Grew by
High-Single-Digit yoy in Q4

 

HONG KONG SAR – Media OutReach – 20 April 2021 – The
leading international sportswear brand enterprise in the PRC, China Dongxiang (Group) Co., Ltd.
(“China Dongxiang” or “the Company”, together with its
subsidiaries, “the Group”, HKEx stock code: 3818) announces the
operational data for the three months ended 31 March 2021 (”FY2020/21 Q4”)
and the twelve months ended 31 March 2021 (”Twelve Months of FY2020/21”).

 

For the FY2020/21 Q4, the retail
performance of Kappa stores (excluding Kappa kids’ apparel business) for the overall
platform registered a mid-sixties growth on a year-on-year basis, of which the
offline business recorded a low-seventies growth, while the e-commerce business
recorded a high-thirties growth. The retail performance of the overall platform
for the Twelve Months of FY2020/21 registered a mid-teens growth on a
year-on-year basis, of which the offline business recorded a low-teens growth,
while the e-commerce business recorded a low-thirties growth.

 

As for the
same-store-sales (“SSS”), for the FY2020/21 Q4, in respect of Kappa stores
(excluding Kappa kids’ apparel business) which have been in operation since the
beginning of the same quarter the previous year, the SSS for the overall
platform registered a high-single-digit growth on a year-on-year basis. Among
them, the offline business recorded a mid-single-digit growth, while the
e-commerce business recorded a high-thirties growth. The SSS for the overall
platform for the Twelve Months
of FY2020/21 registered
mid-teens growth on a year-on-year basis, of which the offline business
recorded a mid-to-low single-digit decrease, while the e-commerce business
recorded a low-thirties growth.

For the Q4
ended 31 March 2021, the number
of retail stores of the Group under the Kappa brand was 1,170 (excluding Kappa
kids’ apparel business), representing a net increase of 41 as compared with
that as at 31 March 2020 (”the end of FY2019/20”).