Zhitan Finance APP News, Win Hanverky (03322) announced that, in accordance with the announcement made by the company on October 10, 2023, Xibai Trading (Hangzhou) Co., Ltd. (a wholly-owned subsidiary under the senior fashion retail business) entered into a sale agreement with a third party, agreeing to sell, transfer, and replace the inventory and exclusive store assets of the "Champion" fashion brand. After the completion of the sale of the senior fashion retail business in December 2023, the operation of the "Champion" exclusive store was terminated, and the related business was considered to have ceased operations. The same-store sales performance (including the number of direct-operated physical stores) in this announcement only reflects ongoing operations.

The same-store sales growth rates of direct-operated physical stores of the senior fashion retail business in the third quarter of 2024 and from 2024 to present are approximately -18% and -22%, respectively, while the overall revenue growth rates of the senior fashion retail business in the third quarter of 2024 and from 2024 to present are approximately +36% and +3%, respectively. In the second half of 2024, the senior fashion retail business introduced a franchise store model for a rapidly growing brand. The overall revenue growth rate in the third quarter of 2024 significantly increased, mainly driven by wholesale income to the brand's franchisee.

As of September 30, 2024, the group's senior fashion retail business has a total of 108 (as of September 30, 2023: 112) direct-operated physical stores in the following regions.

As of December 31, 2023, the group's senior fashion retail business had a total of 123 direct-operated physical stores.