Grand Opening of the 4th Retail Outlet in Macau

Luk Fook Holdings (International) Limited (“Luk Fook” / the “Group”) (Stock Code: 0590), proudly announced the opening of a new shop located at ground floor (with loft and basement), Tower A, Edificio Comercial Infante, 58 Avenida Do Infante D. Henrique, Macau in early December.

  Infante D. Henrique is the most important business and tourism section, being the city’s center of economy, politics and tourism.

Mr. Wong Wai Sheung, Chief Executive of the Group, said, “Riding on the rapidly growing tourism industry in Macau and the increasing number of tourists visiting Macau, the Group has strong faith that it shall benefit from the huge sales volume brought about by the enormous number of Mainland tourists traveling under the Individual Visit Scheme. Therefore the Group holds an optimistic view in the prospect of its retail business in Macau. Furthermore, in view of the good business performance in the Group’s Macau branches, the Group has decided to open another new branch to cater for customers demands.”

Honoured as a World Heritage, Macau has been elevated to the top position amongst gambling cities around the world recently, favouring the development of its tourism industry. This year, tourist arrival to Macau breaks the record and surpasses that of Hong Kong for three consecutive months for the first time. According to the official figures on tourist arrival announced by both Hong Kong and Macau, the number of tourists visiting Macau overtook that of Hong Kong from February to April. Tourist arrivals to Macau in March reached a total of 2.71 million, which is 0.31 million more than the 2.4 million tourists visiting Hong Kong. As Macau is developing rapidly in recent years, this brings notable advantage to the development atarax. 100%

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