Zhou Dafu'S Fourth Quarter Sales In Mainland China

　 In April 9th, Zhou Dafu jewelry Group Co., Ltd. (Stock Code: 1929) Chow Tai Fook A notice was issued on "unaudited major operating data as well as preliminary assessment of the impact of the 2020 financial year's annual performance in March 31, 2020".

According to the announcement, Zhou Dafu group's retail sales in mainland China fell 41% in the fourth quarter, compared with 50% in the same store in mainland China. The same store sales in China's Hongkong and Macao also dropped by 65%, while sales in the same store fell 65%.

According to the published business data, the sales of jewellery and jewelry in Hongkong and Macao also decreased by 65% in the same quarter as a result of consumer restraining consumption. For the fourth quarter of the same season, mainland sales of the same store, the group's feedback is weak by the spread of the 2019 coronavirus (COVID-19) epidemic and macro environmental fluctuations, affecting the mainland China and Hongkong and Macao business in the quarter. In addition to the above macro factors, gold price volatility has also led to a decline in sales of gold products.

It is worth mentioning that the total retail value of the retail value in the Hongkong and Macao markets, which is paid by China UnionPay, Alipay, WeChat or RMB, has dropped from 48% in the same period last year to 30% in the current quarter. This means that the contribution of mainland tourists to Hongkong and Macao sales is declining.

As of March 31, 2020, the Zhou Dafu group currently has 3850 retail outlets.