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(Incorporated in the Cayman Islands with limited liability)
(Stock code: 1968)This announcement is made on a voluntary basis by the board of directors (the 'Board') of Peak Sport Products Co., Limited (the 'Company', together with its subsidiaries, the 'Group').
The Group held its sales fair for the second quarter of 2016 in September 2015. The total amount of sales fair orders for the second quarter of 2016 at wholesale prices recorded a mid-teens growth when compared to that of the same quarter in 2015. By category, we have observed strong growth in basketball and running footwear products thanks to increasing popularity of the sports and rising demand for professional sportswear.
Set out below is an analysis of the order growth by value and growth in average selling prices at wholesale level ('ASP') by major product categories of the Group for the sales fair for the second quarter of 2016 when compared to those for the same quarter in 2015:
Product category | Footwear | Apparel |
Order growth by value (%) | Mid-twenties | Mid single-digit |
ASP growth (%) | Mid single-digit | Negative low single-digit |
By Order of the Board
Peak Sport Products Co., Limited Xu JingnanChairman
Hong Kong, 7 October 2015
As at the date of this announcement, the Board comprises three executive directors, namely Mr Xu Jingnan, Mr Xu Zhihua and Mr Xu Zhida; one non-executive director, namely Ms Wu Tigao; and three independent non-executive directors, namely Dr Xiang Bing, Mr Wang Mingquan and Mr Feng Lisheng
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