Sitoy Group (01023.HK) announced on November 26 that due to the termination of the Cole Haan business, the Group expects to record a loss attributable to owners of the Company for the six months ended December 31, 2024. Meanwhile, in the same period of 2023, a profit attributable to owners of the Company of approximately 53,554,000 Hong Kong dollars was recorded. This is due to the disposal of certain Cole Haan inventory, loss from Cole Haan store capital expenditures, compensation for termination of related employee contracts, and final payments made to Cole Haan. It is estimated that the termination of the Cole Haan business will result in a one-time significant loss.