Win Hanverky : VOLUNTARY ANNOUNCEMENT - SAME STORE SALES GROWTH FOR THE THIRD QUARTER OF 2019 AND THE NINE MONTHS ENDED 30 SEPTEMBER 2019

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Win Hanverky Holdings Limited

永 嘉 集 團 控 股 有 限 公 司

(incorporated in the Cayman Islands with limited liability)

(Stock code: 3322)

VOLUNTARY ANNOUNCEMENT

SAME STORE SALES GROWTH

FOR THE THIRD QUARTER OF 2019 AND

THE NINE MONTHS ENDED 30 SEPTEMBER 2019

This announcement is published on a voluntary basis by the board of directors (the ''Board'') of Win Hanverky Holdings Limited (the ''Company'', together with its subsidiaries, the ''Group'') so as to provide an update on the same store sales performance regarding the high-end fashion retailing business of the Group (''High- end Fashion Retailing Business'') for (1) the three months ended 30 September 2019 (''Third Quarter 2019'') and (2) the nine months ended 30 September 2019 (''Year- to-date 2019'').

Although the same store sales growth rate of the offline stores under the High-end Fashion Retailing Business for the Third Quarter 2019 and Year-to-date 2019 were approximately - 15% and - 11% respectively (see below table), the overall revenue growth rate of the High-end Fashion Retailing Business for the corresponding periods achieved approximately +28% and +43% respectively. Such growth was mainly attributed to the strong performance of the new stores in Mainland China. Most of the new stores were opened starting from the second half of 2018 which did not have full month operations in the comparable periods and therefore not included in the same store sales growth rate.

The same store sales growth rate of the offline stores under the High-end Fashion Retailing Business in various geographical segments was as follows:

	Same store sales growth rate*
	Year-on-year change
	Third Quarter 2019	Year-to-date 2019
Mainland China	- 9%	- 8%
Hong Kong and Macau	- 29%	- 18%
Taiwan and Singapore	- 5%	- 11%
Group	- 15%	- 11%

Remark:

• Same store sales growth rate represents a comparison of sales of the same offline stores having full month operations in the comparable periods.

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As at 30 September 2019, the Group had a total of 231 offline stores (30 September 2018 : 169 offline stores) under the High-end Fashion Retailing Business in the following geographical segments:

	Number of offline stores**
	As at	As at
	30 September 2019	30 September 2018	Change
Mainland China	184	116	+68
Hong Kong and Macau	37	41	- 4
Taiwan and Singapore	10	12	- 2
Group	231	169	+62

Remark:

• Number of offline stores includes stores not having full month operations in the comparable periods.

CAUTION STATEMENT

The Board wishes to remind investors that the above operational data is based on the Group's internal records which have not been audited by auditors. Revenue from the High-end Fashion Retailing Business accounted for 29.4% of the Group's total revenue for the year 2018 (2017 : 25.2%). The data in this announcement do not constitute, represent or indicate the Group's total revenue or full financial performance and the information contained in this announcement may be subject to change and adjustment.

The shareholders of the Company and potential investors are advised to exercise caution when dealing in the shares of the Company.

By Order of the Board

Win Hanverky Holdings Limited

Li Kwok Tung Roy

Chairman

Hong Kong, 11 October 2019

As at the date of this announcement, the directors are Li Kwok Tung Roy, Lai Ching Ping, Lee Kwok Leung, Wong Chi Keung, Chan Kwong Fai#, Ma Ka Chun#, Kwan Kai Cheong# and Chan Ka Kui#.

• Independent non-executive Directors

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