On January 19, Ge Longhui | China Trends (03818.HK) announced that in the third quarter of the 2023/24 fiscal year, the retail sales volume of the Group's Kappa brand stores recorded a mid-term increase of 40% to 50% year-on-year. In the 2023/24 fiscal year, retail sales of the Group's Kappa brand stores recorded a low growth of 20% to 30% year-on-year.

In the third quarter of fiscal year 2023/24, same-store sales recorded a high increase of 20% to 30% year-on-year based on the calculation of Kappa brand stores that were already in operation at the beginning of the same quarter last year. Cumulative in the 2023/24 fiscal year, same-store sales recorded a 10% to 20% year-on-year increase based on Kappa brand stores that were already in operation at the beginning of the same quarter last year.

For the third quarter ended December 31, 2023, the number of Group Kappa brand stores was 1,015, a net decrease of 8 compared to March 31, 2023 (“end of fiscal year 2022/23”).