HONG KONG SAR - Media OutReach - 16 July 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 30 June 2021 (''FY2021/22 Q1'')
For the FY2021/22 Q1, the retail
performance of Kappa stores (including Kappa kids' apparel business) for the
overall platform registered a mid-to-low teen growth on a year-on-year basis.
same-store-sales ("SSS") for the FY2021/22 Q1 for the overall platform
registered a mid-to-high single-digit growth on a year-on-year basis, based on
Kappa stores (including Kappa kids' apparel business) which have been in
operation since the same quarter the previous year.
As at 30 June 2021, the number of retail stores of the
Group under the Kappa brand was 1,386 (including Kappa kids' apparel business),
representing a net increase of 34 as compared with to those as at 31 March 2021
(''the end of FY2020/21'').
Mr. Zhang Zhiyong, Executive Director, CEO and President
of China Dongxiang, said, "In the first quarter of FY2021/22, the
Group reported stable growth in the
retail performance and the same-store-sales, demonstrating the effectiveness of the
channel reform. The Group is fully confident in the prospects of sportswear
industry this year. We will seize the market opportunities ahead and strive to
achieve sustainable development for the Group."