Belle : OPERATIONAL DATA OF THE RETAIL BUSINESS IN MAINLAND CHINA FOR THE FIRST QUARTER OF FINANCIAL YEAR 2016/17

Microsoft Word - 1QFY17 (Belle - Announcement) (ENG) v1.docx

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BELLE INTERNATIONAL HOLDINGS LIMITED

百百百百麗麗麗麗國國國國際際際際控控控控股股股股有有有有限限限限公公公公司司司司

(Incorporated in the Cayman Islands with limited liability) (Stock code: 1880)

OPERATIONAL DATA OF THE RETAIL BUSINESS IN MAINLAND CHINA FOR THE FIRST QUARTER OF FINANCIAL YEAR 2016/17

Belle International Holdings Limited (the "Company", together with its subsidiaries, the "Group") announces the following operational data of the Group's retail business in Mainland China (for the purpose of this announcement, excluding Hong Kong, Macau and Taiwan) for the first quarter of Financial Year 2016/17 (three months from March 2016 to May 2016).

In the first quarter of Financial Year 2016/17, the total number of retail outlets of the Group in Mainland China increased by 3 on a net basis.

As at 31 May 2016, the total number of retail outlets of the Group in Mainland China was 20,876, consisting of 13,655 footwear outlets and 7,221 sportswear and apparel outlets, all of which were directly managed by the Group.

For the first quarter of Financial Year 2016/17, the footwear business had a same store sales decline of 16.0%, while the sportswear and apparel business had a same store sales growth of 5.5%.

The Company's shareholders and potential investors should note that the data shown above are operational statistics and have not been audited or reviewed by the Company's auditors.

By Order of the Board

Belle International Holdings Limited SHENG Baijiao

CEO & Executive Director

Hong Kong, 8 June 2016

As at the date of this announcement, the Executive Directors of the Company are Mr. Sheng Baijiao, Mr. Tang King Loy, Mr. Sheng Fang and Mr. Yu Wu, the Non-executive Directors are Mr. Tang Yiu, Mr. Tang Wai Lam and Ms. Hu Xiaoling, and the Independent Non-executive Directors are Mr. Ho Kwok Wah, George, Mr. Chan Yu Ling, Abraham , Dr. Xue Qiuzhi and Mr. Gao Yu.