IMPORTANT: If you are in any doubt about the contents of this prospectus, you should seek independent professional advice. CHOW TAI FOOK. FUTURES ORDINANCE (CHAPTER OF THE LAWS OF HONG KONG) ARE CONTAINED IN THE PROSPECTUS OF THE COMPANY. CHOW TAI FOOK. HONG KONG) WILL BE CONTAINED IN THE PROSPECTUS OF THE COMPANY. Chow Tai Fook offers 1,,, shares for up to HK$ billion (Hong Kong, 4 December ) Chow Tai Fook Jewellery Group.

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As a result, our sales are subject to seasonal fluctuations. The Interim Dividend will be paid out of our distributable profits and will be financed by our cash flows from our operations or available internal cash taj.

Chow Tai Fook Jewellery Group Limited – Investor Relations > Investor FAQ

We are a retailer of a broad range of discretionary products and our sales and profitability are prospectjs affected by the prices of gold and platinum alone. Demand for authenticity and quality Due to the attractive margins and imitable semblance of certain jewellery, the PRC jewellery market has attracted fraudulent market players retailing imitation jewellery that is prospwctus advertised as real, authentic products made from precious metals and stones.

Despite the rising demand for precious stones and metals, notably within the jewellery markets of the PRC, Hong Kong and Macau, the respective global supply remained at a relatively stable level historically. With plans to reach over 2, jewellery POS bywe aim to open a net of approximately jewellery Tau per year, by opening wholly-owned POS and collaborating with joint-venture partners and franchisees to leverage on their local relationships.

In either instance, our business and results of operations could be adversely affected. As a result, our core management team, which has cooperated for over 20 years, is able to work efficiently and seamlessly as a team and execute, using modern corporate management methods, many of our development and expansion plans successfully over the years.

Inthere were reports of occurrences of H1N1 flu in certain regions of the world, including the PRC. We have not authorised anyone to provide you with information that is different from what is contained in this prospectus.

Investor FAQ

Options on Stock Indic We manage commodity price risks mainly by hedging gold price fluctuations through gold loan and bullion forward contracts, and by passing on price increases to our customers through higher selling prices. Or Ching-Fai, Raymond Dr.

Our sales and profitability are affected by, among prlspectus things, a wide range of other factors which may influence discretionary spending decisions, including the prices of other raw materials such as diamonds and gemstones, celebrations, special occasions, consumer preferences, market trends, sales and marketing strategies, economic conditions and seasonality.

The experience of Ste Our foom depends on our intellectual property, particularly our trade name and trademarks, which we may not be able to protect against infringement and unauthorised use in counterfeit products.


However, we cannot predict U. Furthermore, such natural disasters and public health and public security hazards may severely restrict the level of economic pgospectus in affected areas, which may in turn prospecrus and adversely affect our business and prospects.

We choose only reputable banks that are active in the gold hedging market and have well-capitalised financial positions. We rely principally on dividends and other distributions paid by our subsidiaries, and limitations on their ability to pay dividends to us could have a material adverse effect on our business, results of operations and financial condition.

Nominal value Stock code: The jewellery business is highly competitive. Such factors include our future financial porspectus, operating results and cash flows, as well as the general condition of global and domestic financial markets, and changes in monetary policies, interest rates and lending policies.

Natural disasters and public health and public security hazards in the PRC may severely disrupt prospctus business and operations and may have a material adverse effect on our business, financial condition and results of operations.

Dividends payable by us to our foreign investors and gains on the sales of our Shares may become subject to chhow taxes under PRC taai laws. We cannot assure you that we will be able to maintain our status as a DTC Sightholder fok a Rio Tinto Select Diamantaire or we will be able to continue to renew our supply agreements on the same terms or on commercially acceptable terms, if at all. In connection with our Reorganisation, we conducted, or were involved in, a series of indirect transfers of equity interests in our PRC subsidiaries.

We maintain different types of insurance policies to cover our operations, including public liability, business interruption, marine cargo, intellectual property, property damage, trade credit, crime insurance including theft or other criminal damagepolitical risks, general umbrella liability, employee compensation, product warranty, group life and personal accident insurance.

If the Over-allotment Option is exercised, the Selling Shareholder will be offering up to , existing Shares assuming that the Offer Size Adjustment Option is not exercised and up to , existing Shares assuming that the Offer Size Adjustment Option is exercised in full.

Chow Tai Fook – Prospectus_图文_百度文库

In addition, any significant cuow in the exchange rates of the RMB against the Hong Kong dollar could adversely affect the value of our dividends, which would be funded by RMB but paid in Hong Kong dollars. In the event we are unable to renew our leases on terms acceptable to us or such leases are terminated for any reason prior to their expiration, we will need to relocate the relevant POS to alternative premises.

Adverse changes in the economy and periods when discretionary spending by consumers may be under pressure could unfavourably impact sales and earnings. On what stock exchange are Chow Tai Fook’s shares traded and what is the ticker? Our turnover in the PRC accounted for Similar instances of supply and demand mismatch are also observed in other raw materials markets, such as that for diamond, which in turn could drive the scarcity value of precious stones and metals.


For further contact details, please visit ” Contact ” on our website. Hedging with Chinese M Karat gold jewellery has a strong consumer appeal in the PRC due to its relatively low average selling price compared to gold jewellery. Comparatively, insales from Tier III cities and other lower tier cities accounted for approximately If our PRC subsidiaries cannot pay dividends due to government policies or regulations, or because they cannot generate sufficient cash flow, we may not be able to pay dividends, service our debt, or pay our expenses, which may have a material adverse effect on our business, results of operations and financial condition.

We face taxation uncertainty with respect to the indirect transfer of equity interest in our PRC resident enterprises through transfers made by our non-PRC holding companies. We face strong competition from national and local competitors in jewellery, while we face competition from retailers of all scales with respect to watches. Accordingly, it is difficult to ascertain the impact of any future fluctuation in the prices of gold and platinum on such data.

ByHong Kong and Macau is estimated to contribute The occurrence of any of the following events could harm us. How much of the Group’s revenue is generated by retail operations?

Unaudited forecast earnings per Share on a pro forma basis for the year ending 31 March 2. If the PBOC interprets the Lending General Provisions differently to impose penalty on borrowers and imposes a fine on our subsidiaries, our results of operations may be adversely affected.

An active trading market in our Shares may not develop, which could have a material adverse effect on our Share price and your ability to sell your Shares. As jewellery retailers continue to emphasise growth opportunities in Tier II cities, Tier III cities and other lower tier cities, the mass luxury segment is forecasted to experience the strongest growth relative to the industry.

Application lists open 3. Relocation of any POS may cause disruptions to our business and may require significant expenditures, and we cannot assure you that in such a case, we will be able to find alternative premises that are suitable or on commercially acceptable terms, in a timely manner, if at all.

Should any of these circumstances arise, we may not be able to source watches from other brands of comparable quality, image or prestige.

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