$CHOW TAI FOOK (01929.HK)$ In the afternoon, the short-term rise reached 8.31%, reported at 9.64 Hong Kong dollars, with a transaction amount of 0.174 billion Hong Kong dollars.

On the news front, CHOW TAI FOOK previously announced that board member and Executive Director Zheng Bingxi will step down as Chief Financial Officer on April 1st, to be responsible for the group's capital management, investor relations, and company secretary affairs. Ye Jiaying will take over as the group's Chief Financial Officer, focusing on promoting the group's financial management, long-term growth, and transformation strategy. It is reported that Ye Jiaying previously served as the Chief Financial Officer for Starbucks in China and has also held senior leadership positions at PepsiCo Asia Pacific and Starbucks Asia Pacific.
In addition, according to recent reports from Jiemian News, regarding the price increase issue of 'fixed-price' gold jewelry products, CHOW TAI FOOK Jewelry Group's Managing Director Huang Shaoji stated: "This year, depending on the price of Gold, I estimate that based on this trend, it may increase more than once." The latest round of price increases for CHOW TAI FOOK Jewelry will take place on April 1st. A spokesperson for CHOW TAI FOOK Jewelry Group has recently confirmed to multiple media outlets that, based on the changes in gold prices over the past few months, some product prices will be adjusted in March, and new price tags will be completed within the month.
CHOW TAI FOOK Jewelry announced last week that it has launched a new Gold product in collaboration with the Japanese manga series "Chiikawa," which will be sold in specific stores starting from March 23. According to comprehensive reports from Hong Kong media, four of the co-branded Gold products sold out within two hours of going on sale. At that time, the line outside the store had over 150 people, and CHOW TAI FOOK had to open another line to provide reservation services. On the same day, sellers had already started listing the products on online second-hand trading platforms. A staff member indicated that people started queuing as early as 7 am that day.
Editor/Rocky