HONG KONG SAR – Media OutReach – 20 April 2021 – Henderson Sunlight Asset Management Limited (the “Manager“), as manager of Sunlight Real Estate Investment Trust (“Sunlight REIT“), announces the operational statistics of Sunlight REIT for the third quarter of the financial year 2020/21.

At 31 March 2021, the occupancy rate of Sunlight REIT’s portfolio was 92.7% as compared to 91.5% at 31 December 2020. Office occupancy rate increased to 91.2% (31 December 2020: 90.1%), while retail occupancy rate also exhibited a mild improvement to 96.0% (31 December 2020: 94.5%), principally led by new letting activities at Metro City Phase I Property (“MCPI“).

The overall passing rent of Sunlight REIT’s portfolio was HK$48.1 per sq. ft. at 31 March 2021 (31 December 2020: HK$48.7 per sq. ft.). During the quarter under review, the office and retail portfolios registered negative rental reversions of 4.1% and 14.9% respectively, reflecting the still difficult business environment due to COVID-19.

In respect of the office portfolio, Dah Sing Financial Centre (previously known as Sunlight Tower) registered a steady occupancy rate of 88.5% at 31 March 2021 with a negative rental reversion of 1.5% for the quarter. Meanwhile, higher occupancy rates at the office properties in Sheung Wan/Central had been witnessed, illustrating the gradual recovery in demand for inexpensive spaces from local small-to-medium enterprises.

On the retail front, occupancy rates of Sheung Shui Centre Shopping Arcade (“SSC“) and MCPI were 93.4% and 96.7% respectively. The passing rent of SSC recorded a 2.0% quarter on quarter decline to HK$103.5 per sq. ft., mainly reflecting lower committed rents for certain fashion and jewellery tenants, the performance of which were heavily impacted by the absence of tourists’ spending. On the other hand, MCPI maintained a relatively stable passing rent of HK$56.8 per sq. ft..

Remarks: Attached operational statistics of Sunlight REIT for the third quarter of the financial year 2020/21.

Operational statistics for the third quarter of the financial year 2020/21

Notes:

1. Calculated on the basis of occupied gross rentable area (“GRA“) as a proportion of total GRA on the relevant date.

2. Calculated on the basis of average rent per sq. ft. for occupied GRA on the relevant date.

3. The property was previously known as Sunlight Tower.

About Sunlight REIT

Sunlight REIT (Stock code: 435) is a real estate investment trust authorized by the Securities and Futures Commission and constituted by the trust deed dated 26 May 2006 (as amended and supplemented by six supplemental deeds), and has been listed on The Stock Exchange of Hong Kong Limited on 21 December 2006. Sunlight REIT offers investors the opportunity to invest in a diversified portfolio of 11 office and five retail properties in Hong Kong with a total gross rentable area of approximately 1.2 million sq. ft.. The office properties are primarily located in core business areas, including Wan Chai and Sheung Wan, as well as in decentralized business areas such as Mong Kok and North Point. The key retail properties are situated in regional transportation hubs and new towns including Sheung Shui, Tseung Kwan O and Yuen Long.

About the Manager

The Manager of Sunlight REIT is an indirect wholly-owned subsidiary of Henderson Land Development Company Limited. Its main responsibility is to manage Sunlight REIT and all of its assets in accordance with the Trust Deed in the sole interest of its unitholders.

Disclaimer: The information contained in this press release does not constitute an offer or invitation to sell or the solicitation of an offer or invitation to purchase or subscribe for units in Sunlight REIT in Hong Kong or any other jurisdiction.

The leading digital music distribution service provider for independent artists worldwide continues its global expansion, making its debut in Southeast Asia

BANGKOK, THAILAND – Media OutReach – 20 April 2021 – TuneCore, a global leader in digital music distribution for independent artists worldwide has officially launched operations across Southeast Asia (SEA). TuneCore is owned by Believe, one of the world’s leading digital music companies based in Paris. Believe currently operates in 50+ countries and together, the two companies distribute a significant share of the world’s digital music. Earlier this year, TuneCore launched operations in LATAM and Africa, bringing its total presence to 14 countries in 4 continents, and thereby making the company the independent DIY distributor with the largest global footprint.

TuneCore distributes music to a network of more than 150 digital stores and streaming services worldwide, including Spotify, Apple Music, YouTube Music, JOOX, KKBox, Amazon Music, TikTok, QQ Music and Netease. The company boasts 14 localized and fully translated websites, including Southeast Asian languages Thai and Bahasa (Indonesia). The Vietnamese and Mandarin (simplified and traditional) versions of the website are expected to be added later this year, bringing the total to 16 languages for 2021, by far the most of its competitors.

TuneCore’s operations in Southeast Asia will be spearheaded by Cyrus Chen, who joined the company in late 2020. Prior to joining TuneCore, Cyrus worked with organizations such as Changi Travel Services and eatigo International, where he was responsible in conceptualising and orchestrating strategic plans that reinforced brand image and helped companies develop integrated business strategies to scale across regions.

Said Faryal Khan-Thompson, Vice President, International, TuneCore to whom Cyrus will report, “In the Southeast Asia market, the music industry is growing at a steady pace, with the number of potential music listeners in Asia exceeding 3.5 billion^[1]. With Cyrus at the helm, TuneCore is uniquely positioned to help independent artists in Southeast Asia grow their fan base through the company’s game changing education, best in class tools and wide ranging global reach, all while allowing artists to keep all rights to their music and earn 100% of 100% of their revenues,”

Cyrus Chen, Head of TuneCore, SEA

Commenting on TuneCore’s expansion, Cyrus said, “I am honored to join TuneCore and work with Faryal and the larger team to introduce the company’s services to Southeast Asia. We are an emerging music market with vast potential and a diverse population of varying cultures and languages. TuneCore’s parent company Believe entered the market in 2013 and has since developed a deep understanding of each country’s local music scene. TuneCore is leveraging that deep local industry knowledge to build our offerings, catered to the specific needs of independent DIY artists in the region, with scalable services at a competitve price, while supplying high value.”

Sylvain Delange, Managing Director Asia Pacific, Believe expressed, “TuneCore’s deep commitment to champion independent artists from all four corners of the world is in line with our vision [at Believe] to propel artists’ growth. There is an opportunity for TuneCore & Believe to further contribute to the growth of the thriving Southeast Asia independent artists community and help them take advantage of the exponential growth to come in the digital space while still allowing musicians to continue to maintain control and ownership of their work. Together, we are excited and are confident we’ll provide the most comprehensive set of services and products to artists in the Southeast Asian market.”

The region is ripe for partnerships and activations, as demonstrated by Cyrus’ already robust slew of country-specific initiatives. Highlights are below:

Thailand: Thai-ing things together with FungJai

TuneCore has collaborated with FungJai, a music community that connects musicians and their fans through engaging online platforms and offline activities, such as music streaming, an online magazine, concerts, and seminars. TuneCore and FungJai will work together to develop educational content curated for DIY artists and their unique needs across FungJai’s platforms.

For more information about TuneCore, please visit their website at https://www.tunecore.com/. For additional press materials, please check out this Google Drive link.

About TuneCore

TuneCore is the global platform for independent musicians to build audiences and careers – with technology and services across distribution, publishing administration and a range of promotional services. TuneCore Music Distribution services help artists, labels and managers sell their music through Spotify, Apple Music, Amazon Music, JioSaavn, Deezer, TikTok and more than 150 download and streaming stores worldwide, while retaining 100 percent of their sales revenue and rights for a low annual flat fee. TuneCore Music Publishing Administration assists songwriters by administering their compositions through licensing, registration, worldwide royalty collections, and placement opportunities in film, TV, commercials, video games and more. The TuneCore Artist Services portal offers a suite of tools and services that enable artists to promote their craft, connect with fans, and get their music heard. TuneCore, part of Believe, is headquartered in Brooklyn, NY, with offices in Los Angeles, Nashville, Atlanta, and Austin, and global operations in the UK, Australia, Japan, Canada, Germany, France, Italy, Russia, India, Brazil as well as the LATAM, Africa and SEA markets. www.tunecore.com

About Believe

Believe is a world leading digital music company, helping artists and labels to build their audiences and careers, at all stages of their development, in all local markets around the world with respect, expertise, fairness and transparency. Pioneer in the digital world, Believe has developed an in-house technology & data organization, providing global distribution and digital marketing solutions. With more than 1,500 professionals in 50+ countries, Believe owns several brands, labels and companies including TuneCore, Nuclear Blast, Naïve, Groove Attack and AllPoints. www.believe.com

The leading digital music distribution service provider for independent artists worldwide continues its global expansion, making its debut in Southeast Asia

JARKARTA, INDONESIA – Media OutReach – 20 April 2021 – TuneCore, a global leader in digital music distribution for independent artists worldwide has officially launched operations across Southeast Asia (SEA). TuneCore is owned by Believe, one of the world’s leading digital music companies based in Paris. Believe currently operates in 50+ countries and together, the two companies distribute a significant share of the world’s digital music. Earlier this year, TuneCore launched operations in LATAM and Africa, bringing its total presence to 14 countries in 4 continents, and thereby making the company the independent DIY distributor with the largest global footprint.

TuneCore distributes music to a network of more than 150 digital stores and streaming services worldwide, including Spotify, Apple Music, YouTube Music, JOOX, KKBox, Amazon Music, TikTok, QQ Music and Netease. The company boasts 14 localized and fully translated websites, including Southeast Asian languages Thai and Bahasa (Indonesia). The Vietnamese and Mandarin (simplified and traditional) versions of the website are expected to be added later this year, bringing the total to 16 languages for 2021, by far the most of its competitors.

TuneCore’s operations in Southeast Asia will be spearheaded by Cyrus Chen, who joined the company in late 2020. Prior to joining TuneCore, Cyrus worked with organizations such as Changi Travel Services and eatigo International, where he was responsible in conceptualising and orchestrating strategic plans that reinforced brand image and helped companies develop integrated business strategies to scale across regions.

Said Faryal Khan-Thompson, Vice President, International, TuneCore to whom Cyrus will report, “In the Southeast Asia market, the music industry is growing at a steady pace, with the number of potential music listeners in Asia exceeding 3.5 billion^[1]. With Cyrus at the helm, TuneCore is uniquely positioned to help independent artists in Southeast Asia grow their fan base through the company’s game changing education, best in class tools and wide ranging global reach, all while allowing artists to keep all rights to their music and earn 100% of 100% of their revenues,”

Cyrus Chen, Head of TuneCore, SEA

Commenting on TuneCore’s expansion, Cyrus said, “I am honored to join TuneCore and work with Faryal and the larger team to introduce the company’s services to Southeast Asia. We are an emerging music market with vast potential and a diverse population of varying cultures and languages. TuneCore’s parent company Believe entered the market in 2013 and has since developed a deep understanding of each country’s local music scene. TuneCore is leveraging that deep local industry knowledge to build our offerings, catered to the specific needs of independent DIY artists in the region, with scalable services at a competitve price, while supplying high value.”

Sylvain Delange, Managing Director Asia Pacific, Believe expressed, “TuneCore’s deep commitment to champion independent artists from all four corners of the world is in line with our vision [at Believe] to propel artists’ growth. There is an opportunity for TuneCore & Believe to further contribute to the growth of the thriving Southeast Asia independent artists community and help them take advantage of the exponential growth to come in the digital space while still allowing musicians to continue to maintain control and ownership of their work. Together, we are excited and are confident we’ll provide the most comprehensive set of services and products to artists in the Southeast Asian market.”

The region is ripe for partnerships and activations, as demonstrated by Cyrus’ already robust slew of country-specific initiatives. Highlights are below:

Indonesia: Elevating local voices with HOOKSpace

TuneCore has partnered up with HOOKSpace, an Indonesian music media company which focuses on up-and-coming local talent. Through this partnership, TuneCore and HOOKSpace will provide independent artists with education on marketing, promotion and best ways to navigate their careers in order to reach the widest audiences.

For more information about TuneCore, please visit their website at https://www.tunecore.com/. For additional press materials, please check out this Google Drive link.

About TuneCore

TuneCore is the global platform for independent musicians to build audiences and careers – with technology and services across distribution, publishing administration and a range of promotional services. TuneCore Music Distribution services help artists, labels and managers sell their music through Spotify, Apple Music, Amazon Music, JioSaavn, Deezer, TikTok and more than 150 download and streaming stores worldwide, while retaining 100 percent of their sales revenue and rights for a low annual flat fee. TuneCore Music Publishing Administration assists songwriters by administering their compositions through licensing, registration, worldwide royalty collections, and placement opportunities in film, TV, commercials, video games and more. The TuneCore Artist Services portal offers a suite of tools and services that enable artists to promote their craft, connect with fans, and get their music heard. TuneCore, part of Believe, is headquartered in Brooklyn, NY, with offices in Los Angeles, Nashville, Atlanta, and Austin, and global operations in the UK, Australia, Japan, Canada, Germany, France, Italy, Russia, India, Brazil as well as the LATAM, Africa and SEA markets. www.tunecore.com

About Believe

Believe is a world leading digital music company, helping artists and labels to build their audiences and careers, at all stages of their development, in all local markets around the world with respect, expertise, fairness and transparency. Pioneer in the digital world, Believe has developed an in-house technology & data organization, providing global distribution and digital marketing solutions. With more than 1,500 professionals in 50+ countries, Believe owns several brands, labels and companies including TuneCore, Nuclear Blast, Naïve, Groove Attack and AllPoints. www.believe.com

The leading digital music distribution service provider for independent artists worldwide continues its global expansion, making its debut in Southeast Asia

KUALA LUMPUR, MALAYSIA – Media OutReach – 20 April 2021 – TuneCore, a global leader in digital music distribution for independent artists worldwide has officially launched operations across Southeast Asia (SEA). TuneCore is owned by Believe, one of the world’s leading digital music companies based in Paris. Believe currently operates in 50+ countries and together, the two companies distribute a significant share of the world’s digital music. Earlier this year, TuneCore launched operations in LATAM and Africa, bringing its total presence to 14 countries in 4 continents, and thereby making the company the independent DIY distributor with the largest global footprint.

TuneCore distributes music to a network of more than 150 digital stores and streaming services worldwide, including Spotify, Apple Music, YouTube Music, JOOX, KKBox, Amazon Music, TikTok, QQ Music and Netease. The company boasts 14 localized and fully translated websites, including Southeast Asian languages Thai and Bahasa (Indonesia). The Vietnamese and Mandarin (simplified and traditional) versions of the website are expected to be added later this year, bringing the total to 16 languages for 2021, by far the most of its competitors.

TuneCore’s operations in Southeast Asia will be spearheaded by Cyrus Chen, who joined the company in late 2020. Prior to joining TuneCore, Cyrus worked with organizations such as Changi Travel Services and eatigo International, where he was responsible in conceptualising and orchestrating strategic plans that reinforced brand image and helped companies develop integrated business strategies to scale across regions.

Said Faryal Khan-Thompson, Vice President, International, TuneCore to whom Cyrus will report, “In the Southeast Asia market, the music industry is growing at a steady pace, with the number of potential music listeners in Asia exceeding 3.5 billion^[1]. With Cyrus at the helm, TuneCore is uniquely positioned to help independent artists in Southeast Asia grow their fan base through the company’s game changing education, best in class tools and wide ranging global reach, all while allowing artists to keep all rights to their music and earn 100% of 100% of their revenues,”

Cyrus Chen, Head of TuneCore, SEA

Commenting on TuneCore’s expansion, Cyrus said, “I am honored to join TuneCore and work with Faryal and the larger team to introduce the company’s services to Southeast Asia. We are an emerging music market with vast potential and a diverse population of varying cultures and languages. TuneCore’s parent company Believe entered the market in 2013 and has since developed a deep understanding of each country’s local music scene. TuneCore is leveraging that deep local industry knowledge to build our offerings, catered to the specific needs of independent DIY artists in the region, with scalable services at a competitve price, while supplying high value.”

Sylvain Delange, Managing Director Asia Pacific, Believe expressed, “TuneCore’s deep commitment to champion independent artists from all four corners of the world is in line with our vision [at Believe] to propel artists’ growth. There is an opportunity for TuneCore & Believe to further contribute to the growth of the thriving Southeast Asia independent artists community and help them take advantage of the exponential growth to come in the digital space while still allowing musicians to continue to maintain control and ownership of their work. Together, we are excited and are confident we’ll provide the most comprehensive set of services and products to artists in the Southeast Asian market.”

The region is ripe for partnerships and activations, as demonstrated by Cyrus’ already robust slew of country-specific initiatives. Highlights are below:

Singapore: Roaring it live with SGMUSO

Earlier this year, TuneCore celebrated its 15th anniversary by donating to SGMUSO‘s Musician Support Fund (MSF), which supports the Fund-A-Gig program. This is the 3rd edition of Fund-A-Gig in the last 12 months, and was created to support Singapore’s musicians and artists who have lost performance opportunities and revenue due to the prolonged effects of COVID-19 on the nightlife and live music industry.

For more information about TuneCore, please visit their website at https://www.tunecore.com/. For additional press materials, please check out this Google Drive link.

About TuneCore

TuneCore is the global platform for independent musicians to build audiences and careers – with technology and services across distribution, publishing administration and a range of promotional services. TuneCore Music Distribution services help artists, labels and managers sell their music through Spotify, Apple Music, Amazon Music, JioSaavn, Deezer, TikTok and more than 150 download and streaming stores worldwide, while retaining 100 percent of their sales revenue and rights for a low annual flat fee. TuneCore Music Publishing Administration assists songwriters by administering their compositions through licensing, registration, worldwide royalty collections, and placement opportunities in film, TV, commercials, video games and more. The TuneCore Artist Services portal offers a suite of tools and services that enable artists to promote their craft, connect with fans, and get their music heard. TuneCore, part of Believe, is headquartered in Brooklyn, NY, with offices in Los Angeles, Nashville, Atlanta, and Austin, and global operations in the UK, Australia, Japan, Canada, Germany, France, Italy, Russia, India, Brazil as well as the LATAM, Africa and SEA markets. www.tunecore.com

About Believe

Believe is a world leading digital music company, helping artists and labels to build their audiences and careers, at all stages of their development, in all local markets around the world with respect, expertise, fairness and transparency. Pioneer in the digital world, Believe has developed an in-house technology & data organization, providing global distribution and digital marketing solutions. With more than 1,500 professionals in 50+ countries, Believe owns several brands, labels and companies including TuneCore, Nuclear Blast, Naïve, Groove Attack and AllPoints. www.believe.com

The leading digital music distribution service provider for independent artists worldwide continues its global expansion, making its debut in Southeast Asia

MANILA, PHILIPPINES – Media OutReach – 20 April 2021 – TuneCore, a global leader in digital music distribution for independent artists worldwide has officially launched operations across Southeast Asia (SEA). TuneCore is owned by Believe, one of the world’s leading digital music companies based in Paris. Believe currently operates in 50+ countries and together, the two companies distribute a significant share of the world’s digital music. Earlier this year, TuneCore launched operations in LATAM and Africa, bringing its total presence to 14 countries in 4 continents, and thereby making the company the independent DIY distributor with the largest global footprint.

TuneCore distributes music to a network of more than 150 digital stores and streaming services worldwide, including Spotify, Apple Music, YouTube Music, JOOX, KKBox, Amazon Music, TikTok, QQ Music and Netease. The company boasts 14 localized and fully translated websites, including Southeast Asian languages Thai and Bahasa (Indonesia). The Vietnamese and Mandarin (simplified and traditional) versions of the website are expected to be added later this year, bringing the total to 16 languages for 2021, by far the most of its competitors.

TuneCore’s operations in Southeast Asia will be spearheaded by Cyrus Chen, who joined the company in late 2020. Prior to joining TuneCore, Cyrus worked with organizations such as Changi Travel Services and eatigo International, where he was responsible in conceptualising and orchestrating strategic plans that reinforced brand image and helped companies develop integrated business strategies to scale across regions.

Said Faryal Khan-Thompson, Vice President, International, TuneCore to whom Cyrus will report, “In the Southeast Asia market, the music industry is growing at a steady pace, with the number of potential music listeners in Asia exceeding 3.5 billion^[1]. With Cyrus at the helm, TuneCore is uniquely positioned to help independent artists in Southeast Asia grow their fan base through the company’s game changing education, best in class tools and wide ranging global reach, all while allowing artists to keep all rights to their music and earn 100% of 100% of their revenues,”

Cyrus Chen, Head of TuneCore, SEA

Commenting on TuneCore’s expansion, Cyrus said, “I am honored to join TuneCore and work with Faryal and the larger team to introduce the company’s services to Southeast Asia. We are an emerging music market with vast potential and a diverse population of varying cultures and languages. TuneCore’s parent company Believe entered the market in 2013 and has since developed a deep understanding of each country’s local music scene. TuneCore is leveraging that deep local industry knowledge to build our offerings, catered to the specific needs of independent DIY artists in the region, with scalable services at a competitve price, while supplying high value.”

Sylvain Delange, Managing Director Asia Pacific, Believe expressed, “TuneCore’s deep commitment to champion independent artists from all four corners of the world is in line with our vision [at Believe] to propel artists’ growth. There is an opportunity for TuneCore & Believe to further contribute to the growth of the thriving Southeast Asia independent artists community and help them take advantage of the exponential growth to come in the digital space while still allowing musicians to continue to maintain control and ownership of their work. Together, we are excited and are confident we’ll provide the most comprehensive set of services and products to artists in the Southeast Asian market.”

The region is ripe for partnerships and activations, as demonstrated by Cyrus’ already robust slew of country-specific initiatives. Highlights are below:

Philippines: Celebrating local relevancy with PhilPop

In the Philippines, TuneCore has partnered with PhilPop Musicfest Foundation, Inc., a non-profit foundation that organizes music and songwriting programs to grow Filipino Pop Music. TuneCore will be a sponsor of the 2021 Songwriting DigiCamp, an activation targeted towards aspiring songwriters across the Philippines. The DigiCamp is one of PhilPop’s key 2021 programs, and leads into the PhilPop 2022 Songwriting Festival, a year-long celebration of original Filipino music compositions.

For more information about TuneCore, please visit their website at https://www.tunecore.com/. For additional press materials, please check out this Google Drive link.

About TuneCore

TuneCore is the global platform for independent musicians to build audiences and careers – with technology and services across distribution, publishing administration and a range of promotional services. TuneCore Music Distribution services help artists, labels and managers sell their music through Spotify, Apple Music, Amazon Music, JioSaavn, Deezer, TikTok and more than 150 download and streaming stores worldwide, while retaining 100 percent of their sales revenue and rights for a low annual flat fee. TuneCore Music Publishing Administration assists songwriters by administering their compositions through licensing, registration, worldwide royalty collections, and placement opportunities in film, TV, commercials, video games and more. The TuneCore Artist Services portal offers a suite of tools and services that enable artists to promote their craft, connect with fans, and get their music heard. TuneCore, part of Believe, is headquartered in Brooklyn, NY, with offices in Los Angeles, Nashville, Atlanta, and Austin, and global operations in the UK, Australia, Japan, Canada, Germany, France, Italy, Russia, India, Brazil as well as the LATAM, Africa and SEA markets. www.tunecore.com

About Believe

Believe is a world leading digital music company, helping artists and labels to build their audiences and careers, at all stages of their development, in all local markets around the world with respect, expertise, fairness and transparency. Pioneer in the digital world, Believe has developed an in-house technology & data organization, providing global distribution and digital marketing solutions. With more than 1,500 professionals in 50+ countries, Believe owns several brands, labels and companies including TuneCore, Nuclear Blast, Naïve, Groove Attack and AllPoints. www.believe.com

The Retail Performance for the Overall Platform Registered a Mid-Sixties Growth yoy in Q4

Same-Store-Sales Grew by High-Single-Digit yoy in Q4

HONG KONG SAR – Media OutReach – 20 April 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 31 March 2021 (”FY2020/21 Q4”) and the twelve months ended 31 March 2021 (”Twelve Months of FY2020/21”).

For the FY2020/21 Q4, the retail performance of Kappa stores (excluding Kappa kids’ apparel business) for the overall platform registered a mid-sixties growth on a year-on-year basis, of which the offline business recorded a low-seventies growth, while the e-commerce business recorded a high-thirties growth. The retail performance of the overall platform for the Twelve Months of FY2020/21 registered a mid-teens growth on a year-on-year basis, of which the offline business recorded a low-teens growth, while the e-commerce business recorded a low-thirties growth.

As for the same-store-sales (“SSS”), for the FY2020/21 Q4, in respect of Kappa stores (excluding Kappa kids’ apparel business) which have been in operation since the beginning of the same quarter the previous year, the SSS for the overall platform registered a high-single-digit growth on a year-on-year basis. Among them, the offline business recorded a mid-single-digit growth, while the e-commerce business recorded a high-thirties growth. The SSS for the overall platform for the Twelve Months of FY2020/21 registered mid-teens growth on a year-on-year basis, of which the offline business recorded a mid-to-low single-digit decrease, while the e-commerce business recorded a low-thirties growth.

For the Q4 ended 31 March 2021, the number of retail stores of the Group under the Kappa brand was 1,170 (excluding Kappa kids’ apparel business), representing a net increase of 41 as compared with that as at 31 March 2020 (”the end of FY2019/20”).

About China Dongxiang (Group) Co., Ltd. (Stock code: 3818)

China Dongxiang (Group) Co., Ltd. is a leading international sportswear brand enterprise in China which has been listed on the Main Board of the Hong Kong Stock Exchange since 10 October 2007. The Group is primarily engaged in the design, development, marketing and wholesale of branded sportswear in China. Currently, China Dongxiang owns all rights to the internationally renowned Kappa brand in Mainland China and Macau. Since April 2008, the Group became the owner of the brand PHENIX. PHENIX is a well-known skiing brand in the international market.