Wedding Collection

Action speaks louder than sweet words. L...

F-style Hey Cool

The black electroplating finishing blend...

Pt Graceful

She is strong yet feminine, just like th...

Love is Beauty Collection

The dazzling diamond as a symbol of love...

LOVE IS BEAUTY

婚享愛.因為愛很美

Latest News

08/
07

2021

Lukfook Group Recognised as “Consumer Caring Company” for 9 Consecutive Years

(8 July 2021) ----- Luk Fook Holdings (International) Limited (“Lukfook” / the “Group”) (Stock Code: 00590) is pleased to announce that the Group has been recognised by GS1 Hong Kong as a “Consumer Caring Company” for nine consecutive years, and awarded the “5 Years+ Award” Logo again, for its excellent accomplishment in pursuing consumer care. Mr. Wong Wai Sheung, Chairman and Chief Executive Officer of the Group said, “All these years, we have been dedicated to upholding our motto of ‘Putting customers first’, and fulfilling customers’ needs with a caring heart. We endeavor to deliver quality services to our customers, aiming to provide them with the most enjoyable shopping experience. The recognition of ‘Consumer Caring Company’ not only motivated us to focus on continuous improvement, but also drove us to persist in  offering outstanding products and customer services to cater for the ever-changing market needs. Looking ahead, we will continue to enhance customers’ shopping experience to strengthen their trust." The Consumer Caring Scheme aims to recognise local enterprises who have been making continuous improvement on operation processes, products and service quality to deliver unparalleled shopping experience to customers and increase customer loyalty. Judging criteria include “Consumer Centric”, “Conforming to Commitment”, “Strive for Quality” and “Caring for Staff”. Mr. Tse Moon Chuen, Deputy Chairman Deputy General Manager of Lukfook Group received the Award on behalf of the Group ~End~

24/
06

2021

Lukfook Group (00590.HK) Announces Annual Results for the Year Ended 31 March 2021 Revenue and Profit Attributable to Equity Holders Reached HK$8.9 billion and HK$1.0 billion Respectively Proposed Final and Special Dividends of HK$0.50 per share each, Totalling HK$1.00 per share

Financial Highlights: Revenue of the year decreased by 21.1% to approximately HK$8.9 billion SSSG market was -47.1% and -4.7% respectively Operating profit increased by 7.6% to approximately HK$1.2 billion, while profit attributable to equity holders increased by 17.4% to approximately HK$1.0 billion Proposed final and special dividends of HK$0.50 per share, respectively, totalling HK$1.00 per share, with annual dividend of HK$1.50 per share and dividend payout ratio of 86.6% As at 31 March 2021, the Group had a global network of 2,366 shops, a net growth of 246 shops For the Year Ended 31 March 2021 2020 Y-o-Y HK$’000 HK$’000 Change Revenue 8,861,335 11,233,771 -21.1% Gross Profit 2,632,315 3,323,020 -20.8% Profit Attributable to Equity Holders 1,017,335 866,315 +17.4% Basic Earnings per Share HK$1.73 HK$1.48 +16.9% Final Dividend per Share HK$0.50 HK$0.50 0% Special Dividend per Share HK$0.50 - N/A Annual Dividend per Share HK$1.50 HK$1.00 +50.0% (24 June 2021) ──The board of directors (the “Board”) of Luk Fook Holdings (International) Limited (the “Company”) (Stock Code: 00590.HK) is pleased to announce the annual results of the Company and its subsidiaries (collectively referred to as the “Group”) recorded a revenue drop of 21.1% to HK$8,861,335,000 (2020: HK$11,233,771,000) for the year ended 31 March 2021 (the“Year under review”). Gross profit also decreased by 20.8% to HK$2,632,315,000 (2020: HK$3,323,020,000). But the steadily declining gold price in the second half of FY2021 and the strengthening RMB led to a turnaround gain on gold hedging and net exchange from losses last year. Together with the government subsidies in response to the pandemic, operating profit thus increased by 7.6% to HK$1,244,113,000 (2020: HK$1,155,766,000), while operating margin increased by 3.7 p.p. to 14.0% (2020: 10.3%). In addition, the strong cash position led to a substantial improvement in the net finance income, together with the narrowed share of losses of associates, net profit therefore rose by 17.5% to HK$1,019,134,000 (2020: HK$867,652,000), and net margin was 11.5% (2020: 7.7%). Profit attributable to equity holders increased by 17.4% to HK$1,017,335,000 (2020: HK$866,315,000) and basic earnings per share thus increased by 16.9% to HK$1.73 (2020: HK$1.48). The Board intends to distribute special dividend for celebrating the 30th anniversary of the establishment of “Lukfook” to reward shareholders. Therefore, the directors proposed final and special dividends of HK$0.50 each per ordinary share, totalling HK$1.00 per ordinary share for the year ended 31 March 2021 (2020: HK$0.50 per share). Taking into account of the interim and special dividends paid, the total dividend for the year would amount to HK$1.50 per ordinary share. Mr. Wong Wai Sheung, Chairman and Chief Executive Officer of the Group said, “During the Year under review, due to the low base effect, the same store sales of the Group for the quarter from January to March 2021 has a turnaround to a positive growth and the Group’s business is expected to restore growth in the coming year. With better border restriction lifting in Macau, the Group will net add 2 shops in Macau and 1 overseas licensed shop in the coming year. In view of the anticipated considerable growth of the middle-class population in Mainland, the Group remains optimistic about the mid– to long-term business prospects. Therefore, the Group will focus its expansion in the Mainland market. The Group looks forward to bringing its business to a new height in the near future.” The retail business was the Group’s primary source of revenue. As the retail sales in Hong Kong and Macau dropped significantly, the Group’s total retail revenue decreased by 36.8% year-on-year to HK$4,953,317,000 (2020: HK$7,839,502,000), accounting for 55.9% (2020: 69.8%) of the Group’s total revenue. Its segment profit also decreased by 54.1% to HK$195,692,000 (2020: HK$425,916,000), accounting for 14.8% (2020: 32.8%) of the total, and its segment profit margin was 4.0% (2020: 5.4%). Attributable to the increase in the number of licensed shops, the Group’s wholesale business revenue rose by 14.2% over the corresponding period last year to HK$2,961,827,000 (2020: HK$2,593,498,000), accounting for 33.4% (2020: 23.1%) of the Group’s total revenue. Its segment profit increased by 32.1% to HK$408,894,000 (2020: HK$309,605,000), accounting for 30.9% (2020: 23.8%) of the total. Its segment profit margin was 13.8% (2020: 11.9%). During the Year under review, licensing income increased by 18.2% to HK$946,191,000 (2020: HK$800,771,000) due to the increase in the number of licensed shops as well, accounting for 10.7% (2020: 7.1%) of the Group’s total revenue. Its segment profit margin was 76.0% (2020: 70.4%), while its segment profit increased by 27.4% to HK$718,683,000 (2020: HK$563,951,000), accounting for 54.3% (2020: 43.4%) of the total. Due to the impact of strong gold price in most of the time during the Year under review and the drop of retail sales in Hong Kong and Macau, sales amount of gold and platinum products decreased by 25.8% to HK$3,720,143,000 (2020: HK$5,012,405,000), accounting for 47.0% (2020: 48.0%) of the overall sales amount (Group revenue minus licensing income). Gross profit of gold and platinum products declined by 23.2% to HK$818,089,000 (2020: HK$1,065,841,000), accounting for 43.1% (2020: 38.8%) of the overall gross profit (consolidated gross profit of the Group minus gross profit of licensing income). Its gross margin was 22.0% (2020: 21.3%). Besides, sales amount of fixed price jewellery products fell by 22.6% to HK$4,195,001,000 (2020: HK$5,420,595,000), accounting for 53.0% (2020: 52.0%) of the overall sales amount. Gross margin of fixed price jewellery products dropped by 5.2 p.p. to 25.8% (2020: 31.0%) because of increase in revenue mix of wholesale business which was at relatively lower gross margin. Its gross profit, as a result, decreased by 35.8% to HK$1,080,964,000 (2020: HK$1,682,722,000), accounting for 56.9% (2020: 61.2%) of the overall gross profit. During the Year under review, the overall SSSG of the Group was -39.9% (2020: -31.5%). SSSG for the Hong Kong and Macau market and that for the Mainland market were -47.1% (2020: -33.3%) and -4.7% (2020: -20.2%) respectively. SSSG for gold and platinum products was -31.9% (2020: -33.2%) and that for fixed price jewellery products was -50.7% (2020: -29.2%). Mainland visitor arrivals to Hong Kong in 2020 decreased by 93.8% year-on-year, its retail revenue declined substantially by 50.8% to HK$2,103,657,000 (2020: HK$4,272,284,000) during the Year under review as the border restrictions have not been lifted. Per capita spending of Mainland visitor arrivals to Macau increased by 22.8% year-on-year in 2020, but Mainland visitor arrivals to Macau in 2020 decreased by 83% over last year. As the border restrictions has just been lifted partially and progressively since the end of September 2020, the Group’s revenue generated from the Macau market also decreased substantially by 40.4% to HK$933,455,000 (2020: HK$1,566,144,000) during the Year under review. Revenue from the Hong Kong, Macau and overseas markets decreased by 43.4% to HK$3,551,034,000 (2020: HK$6,269,690,000) during the Year under review. With favorable factors including effective pandemic control in Mainland and overseas travel restriction which helped to stimulate domestic consumption, and the increase in the number of licensed shops, revenue from the Mainland market increased by 7.0% to HK$5,310,301,000 (2020: HK$4,964,081,000) during the Year under review. During the Year under review, the Group operated a total of 3 brands under the multi-brand strategy. There was a net increase of 246 stores that were mainly Lukfook shops. During the Year under review, the Group added a net total of 222 Lukfook shops worldwide, including 224 shops in Mainland which comprised a net addition of 257 licensed shops and a net reduction of 33 self-operated shops, and there was a net reduction of 2 self-operated shops overseas. As at 31 March 2021, the Group had a global network of 2,366 shops (2020: 2,120 shops), including 2,284 “Lukfook” shops (2020: 2,062 shops), with business spanning across Hong Kong, Macau, Mainland, Singapore, Malaysia, Cambodia, the Philippines, the United States, Canada and Australia, and operated a total of 80 “Goldstyle” shops (72 licensed shops and 8 self-operated shops) (2020: 49 licensed shops and 3 self-operated shops) and 2 “Dear Q” shops (2020: 3 shops) in Mainland. Mr. Wong Wai Sheung, Chairman and Chief Executive Officer of the Group concluded, “Two years ago, the Group has set up its new three-year corporate strategy to foster its future business growth. In order to further enhance its competitive edge, the Group will focus on strengthening supply chain management through various means. The Group will revamp its supply chain management, with a hope that all these would help promote business development and strengthen operational efficiency. Moreover, as Mainland remains to be a market with growth potential in the mid- to long-term, the Group will continue to focus on business expansion in Mainland. The target for net addition of ‘Lukfook’ shops in Mainland in the coming year will be not less than 300 shops, mainly focuses on opening licensed shops in fourth- and fifth-tier cities. The Group is committed to further developing its e-commerce business and strengthening cooperation with various e-commerce platforms in Mainland, and at the same time will also establish its own e-commerce platform. Furthermore, the Group has already adopted multi-brand strategy. Apart from ‘Goldstyle’ and ‘Dear Q’, the Group has also established a new product line named ‘Lukfook Joaillerie’ during the year under review to target at the high-end jewellery market. The Group will continue to develop new brands in the future.” ~End~ Same store sales growth (“SSSG”) represented a comparison of sales of the same self-operated shop having full day operations in the comparable periods and such data did not include sales of licensed shops and Mainland China’s e-commerce business. Hong Kong SAR: Hereafter refers to as “Hong Kong” Macau SAR: Hereafter refers to as “Macau” Mainland China: Hereafter refers to as “Mainland”

18/
06

2021

Lukfook Group Swept 3 Awards in CBLJ In-house Counsel Awards 2020

(18 June 2021) – Luk Fook Holdings (International) Limited (“Lukfook” / the “Group”) (Stock Code: 00590) is pleased to announce that the Group clinched three awards in the “In-house Counsel Awards 2020” by Asia’s leading legal magazine “China Business Law Journal”(CBLJ), including two team awards — Winner of the Year in Consumer Retail, Winner of the Year in Employment Labour, and the individual award of Highly Commended Counsel in Consumer Retail for Ms. Irene Cheung, Senior Legal Counsel of the Group, in recognition of the Group’s notable performance in legal field. Mr. Wong Wai Sheung, Chairman and Chief Executive Officer of the Group said, “We are very proud that our Legal Affairs Department won three legal accolades, and has been recognised and commended for their legal knowledge and professionalism. The awards affirmed our legal expertise in areas including risk control, compliance management, anti-infringements. Our legal team is experienced, professional and intuitive in protecting the Group. In the future, our legal team will continue to apply their professional legal knowledge and collaborative efforts to deliver outcome-based results in safeguarding the Group’s rights and interests in its global businesses.” The Group is actively involved in the intellectual property protection of its trademark and brand. Our legal team in cooperation with the Group’s Business Department has so far successfully opposed over 800 similar infringing trademarks, and conducted oppositions to 1,000 similar infringing jewellery shops in Mainland China and in other regions so as to safeguard our brand image. Moreover, our legal team is proactively involved in resolving potential labour-related disputes and offering sound legal advice to mitigate employment risks. CBLJ is Asia’s leading business law information media. “CBLJ In-house Counsel Awards” is based on the nomination by senior executives of various industries, legal experts and in-house counsel, and awarded to the in-house counsel and teams with outstanding achievements in various legal areas to recognise their contributions. Ms. Irene Cheung, Senior Legal Counsel of Lukfook Group, was named Highly Commended Counsel in Consumer Retail Trophies for 3 Awards in CBLJ In-house Counsel Awards 2020 Outstanding legal team of the Group won two team awards ~END~

08/
07

2021

Lukfook Group Recognised as “Consumer Caring Company” for 9 Consecutive Years

(8 July 2021) ----- Luk Fook Holdings (International) Limited (“Lukfook” / the “Group”) (Stock Code: 00590) is pleased to announce that the Group has been recognised by GS1 Hong Kong as a “Consumer Caring Company” for nine consecutive years, and awarded the “5 Years+ Award” Logo again, for its excellent accomplishment in pursuing consumer care. Mr. Wong Wai Sheung, Chairman and Chief Executive Officer of the Group said, “All these years, we have been dedicated to upholding our motto of ‘Putting customers first’, and fulfilling customers’ needs with a caring heart. We endeavor to deliver quality services to our customers, aiming to provide them with the most enjoyable shopping experience. The recognition of ‘Consumer Caring Company’ not only motivated us to focus on continuous improvement, but also drove us to persist in  offering outstanding products and customer services to cater for the ever-changing market needs. Looking ahead, we will continue to enhance customers’ shopping experience to strengthen their trust." The Consumer Caring Scheme aims to recognise local enterprises who have been making continuous improvement on operation processes, products and service quality to deliver unparalleled shopping experience to customers and increase customer loyalty. Judging criteria include “Consumer Centric”, “Conforming to Commitment”, “Strive for Quality” and “Caring for Staff”. Mr. Tse Moon Chuen, Deputy Chairman Deputy General Manager of Lukfook Group received the Award on behalf of the Group ~End~

24/
06

2021

Lukfook Group (00590.HK) Announces Annual Results for the Year Ended 31 March 2021 Revenue and Profit Attributable to Equity Holders Reached HK$8.9 billion and HK$1.0 billion Respectively Proposed Final and Special Dividends of HK$0.50 per share each, Totalling HK$1.00 per share

Financial Highlights: Revenue of the year decreased by 21.1% to approximately HK$8.9 billion SSSG market was -47.1% and -4.7% respectively Operating profit increased by 7.6% to approximately HK$1.2 billion, while profit attributable to equity holders increased by 17.4% to approximately HK$1.0 billion Proposed final and special dividends of HK$0.50 per share, respectively, totalling HK$1.00 per share, with annual dividend of HK$1.50 per share and dividend payout ratio of 86.6% As at 31 March 2021, the Group had a global network of 2,366 shops, a net growth of 246 shops For the Year Ended 31 March 2021 2020 Y-o-Y HK$’000 HK$’000 Change Revenue 8,861,335 11,233,771 -21.1% Gross Profit 2,632,315 3,323,020 -20.8% Profit Attributable to Equity Holders 1,017,335 866,315 +17.4% Basic Earnings per Share HK$1.73 HK$1.48 +16.9% Final Dividend per Share HK$0.50 HK$0.50 0% Special Dividend per Share HK$0.50 - N/A Annual Dividend per Share HK$1.50 HK$1.00 +50.0% (24 June 2021) ──The board of directors (the “Board”) of Luk Fook Holdings (International) Limited (the “Company”) (Stock Code: 00590.HK) is pleased to announce the annual results of the Company and its subsidiaries (collectively referred to as the “Group”) recorded a revenue drop of 21.1% to HK$8,861,335,000 (2020: HK$11,233,771,000) for the year ended 31 March 2021 (the“Year under review”). Gross profit also decreased by 20.8% to HK$2,632,315,000 (2020: HK$3,323,020,000). But the steadily declining gold price in the second half of FY2021 and the strengthening RMB led to a turnaround gain on gold hedging and net exchange from losses last year. Together with the government subsidies in response to the pandemic, operating profit thus increased by 7.6% to HK$1,244,113,000 (2020: HK$1,155,766,000), while operating margin increased by 3.7 p.p. to 14.0% (2020: 10.3%). In addition, the strong cash position led to a substantial improvement in the net finance income, together with the narrowed share of losses of associates, net profit therefore rose by 17.5% to HK$1,019,134,000 (2020: HK$867,652,000), and net margin was 11.5% (2020: 7.7%). Profit attributable to equity holders increased by 17.4% to HK$1,017,335,000 (2020: HK$866,315,000) and basic earnings per share thus increased by 16.9% to HK$1.73 (2020: HK$1.48). The Board intends to distribute special dividend for celebrating the 30th anniversary of the establishment of “Lukfook” to reward shareholders. Therefore, the directors proposed final and special dividends of HK$0.50 each per ordinary share, totalling HK$1.00 per ordinary share for the year ended 31 March 2021 (2020: HK$0.50 per share). Taking into account of the interim and special dividends paid, the total dividend for the year would amount to HK$1.50 per ordinary share. Mr. Wong Wai Sheung, Chairman and Chief Executive Officer of the Group said, “During the Year under review, due to the low base effect, the same store sales of the Group for the quarter from January to March 2021 has a turnaround to a positive growth and the Group’s business is expected to restore growth in the coming year. With better border restriction lifting in Macau, the Group will net add 2 shops in Macau and 1 overseas licensed shop in the coming year. In view of the anticipated considerable growth of the middle-class population in Mainland, the Group remains optimistic about the mid– to long-term business prospects. Therefore, the Group will focus its expansion in the Mainland market. The Group looks forward to bringing its business to a new height in the near future.” The retail business was the Group’s primary source of revenue. As the retail sales in Hong Kong and Macau dropped significantly, the Group’s total retail revenue decreased by 36.8% year-on-year to HK$4,953,317,000 (2020: HK$7,839,502,000), accounting for 55.9% (2020: 69.8%) of the Group’s total revenue. Its segment profit also decreased by 54.1% to HK$195,692,000 (2020: HK$425,916,000), accounting for 14.8% (2020: 32.8%) of the total, and its segment profit margin was 4.0% (2020: 5.4%). Attributable to the increase in the number of licensed shops, the Group’s wholesale business revenue rose by 14.2% over the corresponding period last year to HK$2,961,827,000 (2020: HK$2,593,498,000), accounting for 33.4% (2020: 23.1%) of the Group’s total revenue. Its segment profit increased by 32.1% to HK$408,894,000 (2020: HK$309,605,000), accounting for 30.9% (2020: 23.8%) of the total. Its segment profit margin was 13.8% (2020: 11.9%). During the Year under review, licensing income increased by 18.2% to HK$946,191,000 (2020: HK$800,771,000) due to the increase in the number of licensed shops as well, accounting for 10.7% (2020: 7.1%) of the Group’s total revenue. Its segment profit margin was 76.0% (2020: 70.4%), while its segment profit increased by 27.4% to HK$718,683,000 (2020: HK$563,951,000), accounting for 54.3% (2020: 43.4%) of the total. Due to the impact of strong gold price in most of the time during the Year under review and the drop of retail sales in Hong Kong and Macau, sales amount of gold and platinum products decreased by 25.8% to HK$3,720,143,000 (2020: HK$5,012,405,000), accounting for 47.0% (2020: 48.0%) of the overall sales amount (Group revenue minus licensing income). Gross profit of gold and platinum products declined by 23.2% to HK$818,089,000 (2020: HK$1,065,841,000), accounting for 43.1% (2020: 38.8%) of the overall gross profit (consolidated gross profit of the Group minus gross profit of licensing income). Its gross margin was 22.0% (2020: 21.3%). Besides, sales amount of fixed price jewellery products fell by 22.6% to HK$4,195,001,000 (2020: HK$5,420,595,000), accounting for 53.0% (2020: 52.0%) of the overall sales amount. Gross margin of fixed price jewellery products dropped by 5.2 p.p. to 25.8% (2020: 31.0%) because of increase in revenue mix of wholesale business which was at relatively lower gross margin. Its gross profit, as a result, decreased by 35.8% to HK$1,080,964,000 (2020: HK$1,682,722,000), accounting for 56.9% (2020: 61.2%) of the overall gross profit. During the Year under review, the overall SSSG of the Group was -39.9% (2020: -31.5%). SSSG for the Hong Kong and Macau market and that for the Mainland market were -47.1% (2020: -33.3%) and -4.7% (2020: -20.2%) respectively. SSSG for gold and platinum products was -31.9% (2020: -33.2%) and that for fixed price jewellery products was -50.7% (2020: -29.2%). Mainland visitor arrivals to Hong Kong in 2020 decreased by 93.8% year-on-year, its retail revenue declined substantially by 50.8% to HK$2,103,657,000 (2020: HK$4,272,284,000) during the Year under review as the border restrictions have not been lifted. Per capita spending of Mainland visitor arrivals to Macau increased by 22.8% year-on-year in 2020, but Mainland visitor arrivals to Macau in 2020 decreased by 83% over last year. As the border restrictions has just been lifted partially and progressively since the end of September 2020, the Group’s revenue generated from the Macau market also decreased substantially by 40.4% to HK$933,455,000 (2020: HK$1,566,144,000) during the Year under review. Revenue from the Hong Kong, Macau and overseas markets decreased by 43.4% to HK$3,551,034,000 (2020: HK$6,269,690,000) during the Year under review. With favorable factors including effective pandemic control in Mainland and overseas travel restriction which helped to stimulate domestic consumption, and the increase in the number of licensed shops, revenue from the Mainland market increased by 7.0% to HK$5,310,301,000 (2020: HK$4,964,081,000) during the Year under review. During the Year under review, the Group operated a total of 3 brands under the multi-brand strategy. There was a net increase of 246 stores that were mainly Lukfook shops. During the Year under review, the Group added a net total of 222 Lukfook shops worldwide, including 224 shops in Mainland which comprised a net addition of 257 licensed shops and a net reduction of 33 self-operated shops, and there was a net reduction of 2 self-operated shops overseas. As at 31 March 2021, the Group had a global network of 2,366 shops (2020: 2,120 shops), including 2,284 “Lukfook” shops (2020: 2,062 shops), with business spanning across Hong Kong, Macau, Mainland, Singapore, Malaysia, Cambodia, the Philippines, the United States, Canada and Australia, and operated a total of 80 “Goldstyle” shops (72 licensed shops and 8 self-operated shops) (2020: 49 licensed shops and 3 self-operated shops) and 2 “Dear Q” shops (2020: 3 shops) in Mainland. Mr. Wong Wai Sheung, Chairman and Chief Executive Officer of the Group concluded, “Two years ago, the Group has set up its new three-year corporate strategy to foster its future business growth. In order to further enhance its competitive edge, the Group will focus on strengthening supply chain management through various means. The Group will revamp its supply chain management, with a hope that all these would help promote business development and strengthen operational efficiency. Moreover, as Mainland remains to be a market with growth potential in the mid- to long-term, the Group will continue to focus on business expansion in Mainland. The target for net addition of ‘Lukfook’ shops in Mainland in the coming year will be not less than 300 shops, mainly focuses on opening licensed shops in fourth- and fifth-tier cities. The Group is committed to further developing its e-commerce business and strengthening cooperation with various e-commerce platforms in Mainland, and at the same time will also establish its own e-commerce platform. Furthermore, the Group has already adopted multi-brand strategy. Apart from ‘Goldstyle’ and ‘Dear Q’, the Group has also established a new product line named ‘Lukfook Joaillerie’ during the year under review to target at the high-end jewellery market. The Group will continue to develop new brands in the future.” ~End~ Same store sales growth (“SSSG”) represented a comparison of sales of the same self-operated shop having full day operations in the comparable periods and such data did not include sales of licensed shops and Mainland China’s e-commerce business. Hong Kong SAR: Hereafter refers to as “Hong Kong” Macau SAR: Hereafter refers to as “Macau” Mainland China: Hereafter refers to as “Mainland”

18/
06

2021

Lukfook Group Swept 3 Awards in CBLJ In-house Counsel Awards 2020

(18 June 2021) – Luk Fook Holdings (International) Limited (“Lukfook” / the “Group”) (Stock Code: 00590) is pleased to announce that the Group clinched three awards in the “In-house Counsel Awards 2020” by Asia’s leading legal magazine “China Business Law Journal”(CBLJ), including two team awards — Winner of the Year in Consumer Retail, Winner of the Year in Employment Labour, and the individual award of Highly Commended Counsel in Consumer Retail for Ms. Irene Cheung, Senior Legal Counsel of the Group, in recognition of the Group’s notable performance in legal field. Mr. Wong Wai Sheung, Chairman and Chief Executive Officer of the Group said, “We are very proud that our Legal Affairs Department won three legal accolades, and has been recognised and commended for their legal knowledge and professionalism. The awards affirmed our legal expertise in areas including risk control, compliance management, anti-infringements. Our legal team is experienced, professional and intuitive in protecting the Group. In the future, our legal team will continue to apply their professional legal knowledge and collaborative efforts to deliver outcome-based results in safeguarding the Group’s rights and interests in its global businesses.” The Group is actively involved in the intellectual property protection of its trademark and brand. Our legal team in cooperation with the Group’s Business Department has so far successfully opposed over 800 similar infringing trademarks, and conducted oppositions to 1,000 similar infringing jewellery shops in Mainland China and in other regions so as to safeguard our brand image. Moreover, our legal team is proactively involved in resolving potential labour-related disputes and offering sound legal advice to mitigate employment risks. CBLJ is Asia’s leading business law information media. “CBLJ In-house Counsel Awards” is based on the nomination by senior executives of various industries, legal experts and in-house counsel, and awarded to the in-house counsel and teams with outstanding achievements in various legal areas to recognise their contributions. Ms. Irene Cheung, Senior Legal Counsel of Lukfook Group, was named Highly Commended Counsel in Consumer Retail Trophies for 3 Awards in CBLJ In-house Counsel Awards 2020 Outstanding legal team of the Group won two team awards ~END~