Lukfook Group Recognised for Talent Empowerment Retail Service Staff Named Winner at "Service Talent Award 2023"

(6 December 2023) — Luk Fook Holdings (International) Limited (“Lukfook” / the “Group”) (Stock Code: 00590) is pleased to announce that our talent empowerment initiative is outstandingly successful in equipping employees with the latest industry and technical knowledge through comprehensive training system. It has been recognised with our Jewellery Sales Officer, Ms. Doris Wan, being named winner of the “Bronze Award of Junior Frontline Level” in Watch Jewellery Category at the "2023 Service Talent Award" by the Hong Kong Retail Management Association (“HKRMA”), affirming our efforts and contributions in customer service, brand image and staff training.   Mr. Wong Wai Sheung, Chairman and Chief Executive of the Group said, “For more than 30 years, the Group has been providing quality services and adhering the service motto of ‘Exquisite Craftsmanship, Quality Services and Customer Orientation’, and upholding the service standard ‘Six Heartfelt Services’, treating customers with sincerity and providing them with an excellent shopping experience. The Group has also been attaching great importance to staff training, actively promoting the ‘Qualifications Framework’ programme and encouraging staff to participate in the ‘Recognition of Prior Learning’ assessment, in order to provide customers with the best services and products, to further penetrate into the hearts of the people with our welcoming and warm-hearted brand image, and to enhance the Group's leading position in the industry.” The Service Talent Award was established by the HKRMA in 1986 and is widely regarded as the "Oscar" of the retail industry. It aims to elevate the service standards of the retail sector through competition. Ms. Doris Wan, Jewellery Sales Officer of Lukfook Group (left) received the trophy from Mr. Samuel Lee, Chairman of Executive Committee Sustainability Task Force of Hong Kong Retail Management Association (Right) ~End~

Lukfook Group (00590.HK) Announces Interim Results for the Six Months Ended 30 September 2023 Revenue and Profit Attributable to Equity Holders Amounted to HK$7.5 Billion and HK$0.9 Billion Respectively Declared Interim Dividend of HK$0.72 per share

Financial Highlights ‧  Revenue reached HK$7.5 billion, a 34.3% increase compared to the same period last year, mainly benefitted from the full reopening of borders amongst Hong Kong SAR, China, with the recovery of the retailing business in Hong Kong and Macau as the growth engine of the Group ‧  The Group’s retailing revenue surged by 55.7% to HK$6.0 billion, accounting for 80.5% (2022: 69.5%) of the Group’s total revenue, primarily driven by the sales of gold products ‧  The increase in the mix of retailing revenue has resulted in an overall gross margin increase of 1.7 p.p. to 27.8%, with the gross profit amount rose by 42.9% ‧  Despite the substantial reduced subsidies from the Hong Kong and the Mainland governments, the ratio of total operating expenses to revenue improved by 0.8 p.p. to 14.3% (2022: 15.1%), resulting in a 39.3% increase in operating profit to HK$1.1 billion ‧  Profit attributable to equity holders increased by 43.3% to HK$0.9 billion, the second-highest interim performance in the Group’s history       For the six months ended 30 September 2023 2022 Y-o-Y HK$’000 HK$’000 Changes Revenue 7,486,031 5,573,184 +34.3% Gross Profit 2,081,444 1,456,237 +42.9% Profit Attributable to Equity Holders 942,651 657,618 +43.3% Basic Earnings per Share HK$1.61 HK$1.12 +43.8% Interim Dividend per Share HK$0.72 HK$0.55 +30.9% (29 November 2023) ──The board of directors (the “Board”) of Luk Fook Holdings (International) Limited (the “Company”) (Stock Code: 00590.HK) is pleased to announce the interim results of the Company and its subsidiaries (collectively referred to as the “Group”) for the six months ended 30 September 2023 (the “Period under review”). The global market remained challenging against the backdrop of heightened geopolitical risks worldwide and the macroeconomic uncertainties. However, with the full reopening of borders amongst Hong Kong, Macau, and the Mainland, and the continuous improvement in retail sentiment in Hong Kong and Macau, the retailing business of the Group has returned to normalcy, driving the Group’s satisfactory double-digit growth in total revenue. During the Period under review, the Group’s total revenue increased significantly by 34.3% to HK$7,486,031,000 (2022: HK$5,573,184,000). Due to the increase in the mix of the retailing business from prior year’s 69.5% to 80.5%, the overall gross margin of the Group rose by 1.7 p.p. to 27.8% (2022: 26.1%). As a result, the Group’s gross profit increased by 42.9% to HK$2,081,444,000 (2022: HK$1,456,237,000). On the other hand, although there were significant reductions in subsidies from the Hong Kong and the Mainland governments, the Group’s operating expenses to revenue ratio improved by 0.8 p.p. to 14.3% (2022: 15.1%). As a result, operating profit increased by 39.3% to HK$1,140,331,000 (2022: HK$818,463,000) and the operating profit margin improved to 15.2% (2022: 14.7%). Furthermore, the Group’s profit for the period increased significantly by 43.3% to HK$942,631,000 (2022: HK$657,598,000). The net margin increased by 0.8 p.p. to 12.6% (2022: 11.8%) and the profit attributable to equity holders increased by 43.3% to HK$942,651,000 (2022: HK$657,618,000), marking the second-highest interim performance in the Group’s history, second only to the performance of financial year of 2013/14 with gold rush. Accordingly, the basic earnings per share increased by 43.8% to HK$1.61 (2022: HK$1.12). The Board declared an interim dividend of HK$0.72 per ordinary share (2022: HK$0.55 per ordinary share) for the Period under review, a dividend payout ratio of 45% (2022: 49%).   Mr. Wong Wai Sheung, Chairman and Chief Executive Officer of the Group said, “During the Period under review, despite the relatively high base effect in the second quarter, the overall Same Store Sales of the Group maintained double-digit growth, in which SSS in Hong Kong and Macau much improved due to the higher visitor traffic after the reopening of borders amongst Hong Kong, Macau and the Mainland. On the other hand, notwithstanding the lackluster macroeconomic conditions and a decline in SSS in the Mainland market, the robust growth of e-commerce business of the Group helped offset its negative SSS growth.” Benefitting from the significant improvement in tourists traffic and spendings in Hong Kong and Macau after the reopening of borders, coupled with the favourable gold sales, the Group’s retailing revenue increased by 55.7% to HK$6,029,948,000 (2022: HK$3,871,756,000), accounting for 80.5% (2022: 69.5%) of the Group’s total revenue. Its segment profit increased significantly by 137.0% to HK$662,548,000 (2022: HK$279,606,000), accounting for 53.9% (2022: 32.7%) of the total and its segment profit margin was 11.0% (2022: 7.2%). In spite of the increase in the number of licensed shops, the Group’s wholesaling revenue declined by 21.4% to HK$910,558,000 (2022: HK$1,158,626,000) due to the continued sluggish demand for diamond products in the Mainland, accounting for 12.2% (2022: 20.8%) of the Group’s total revenue. Its segment profit decreased by 6.2% to HK$173,871,000 (2022: HK$185,419,000), accounting for 14.2% (2022: 21.6%) of the total, and its segment profit margin was 19.1% (2022: 16.0%). As the segment profit of wholesaling business included profits from inter-segment sales to self-operated shops, if including inter-segment sales in the denominator, its segment profit margin would be 7.5% (2022: 9.2%).During the Period under review, the licensing income remained broadly flat at HK$545,525,000 (2022: HK$542,802,000), accounting for 7.3% (2022: 9.7%) of the Group’s total revenue. Its segment profit margin was 71.8% (2022: 72.1%), while its segment profit remained flat at HK$391,888,000 (2022: HK$391,322,000), accounting for 31.9% (2022: 45.7%) of the total. The overall SSS of the Group was +44.2% (2022: +19.0%). SSS for gold and platinum products was +43.9% (2022: +35.0%) and +45.1% (2022: -14.4%) for fixed price jewellery products. During the Period under review, the Group operated a total of 1 brand and 4 sub-brands/ product lines under the multi-brand strategy. There was a net addition of 184 shops globally including a net of 130 “Lukfook” shops and a net of 54 shops of sub-brands/product lines in Mainland. As at 30 September 2023, the Group had a global network of 3,289 shops (2022: 2,966 shops), including 3,068 “Lukfook” shops (2022: 2,838 shops), with business spanning across Hong Kong, Macau, Mainland, Malaysia, Cambodia, the Philippines, Laos, Thailand, the United States, Canada and Australia, and operated a total of 62 “Goldstyle” shops (2022: 80 shops), 26 “Lukfook Joaillerie” shops (2022: 7 shops), 121 “Heirloom Fortune” shops (2022: 41 shops) and 12 “Love LUKFOOK JEWELLERY” shops (2022: 0 shop) in Mainland.   Mr. Wong Wai Sheung, Chairman and Chief Executive Officer of the Group concluded, “The Group will continue to actively promote non-diamond fixed price jewellery products, especially fixed price gold products, in order to enhance the performance of fixed price jewellery products. Moreover, the Group is optimistic about the immense growth potential in the overseas markets and intends to proactively allocate more resources to expand its footprint across the world. With the continuous improvement in the tourism industry and macroeconomic conditions, a strong growth momentum is expected to maintain in the Hong Kong and Macau market. Coupled with the low base effect in the third quarter in this financial year and anticipated benefits from operating leverage, the Group is looking forward to exceeding pre-pandemic performance and strive to a new height.” ~End~ Hong Kong SAR, China: Hereafter refers to as “Hong Kong” Macau SAR, China: Hereafter refers to as “Macau” Mainland China: Hereafter refers to as “Mainland” Same Store Sales (“SSS”) 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

Lukfook Group Awarded "Hong Kong Star Brand Award - Enterprise" for 11 Consecutive Years

(27 November 2023) — Luk Fook Holdings (International) Limited (“Lukfook” / the “Group”) (Stock Code: 00590.HK) is pleased to announce that the Group has been recognised for the 11th consecutive year by receiving the “Hong Kong Star Brand Award - Enterprise”, following last year's prestigious "10th Anniversary Grand Award." It highlights the Group's dedicated efforts and contributions in various aspects, including business growth, products and services, brand image, and corporate governance. Mr. Wong Wai Sheung, Chairman and Chief Executive of the Group said, “The Group has established a strong brand reputation through its commitment to providing quality products and services, achieving sustained business growth, and solidifying its leading position in the market. This award serves as a significant recognition of the brand reputation we have cultivated in both the market and the industry. We consistently uphold the service motto of ‘Exquisite Craftsmanship, Quality Services and Customer Orientation’, as we remain dedicated to delivering exceptional products and services to our customers worldwide.” “Hong Kong Star Brand Award” is organised by the Hong Kong Small and Medium Enterprises Association which aims to recognise local enterprises for creating Hong Kong Star Brands, enhancing the recognition of Hong Kong brands and raising their social status. Ms. Wong Lan Sze, Nancy, Executive Director and Deputy Chief Executive Officer of Lukfook Group (Centre) received the prestigious Award from Ms. Wong Siu Chu, Maggie, JP. Director-General of Trade and Industry (Second from Right)