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.
Over the period from tohowever, their contribution is expected to increase significantly, representing over Increasing demand for differentiated and well-designed products Due to enhanced media influence, rising per capita disposable income and stronger desire to differentiate, PRC consumers have generally shifted their perception of orospectus as a homogenous product to an article that can complement their self-expression.
Challenging economic conditions and economic uncertainty over a prolonged period of time could adversely affect our sales or growth. We believe we were one of the first in Hong Kong and Macau to launch Toward the end ofthe price of platinum was negatively affected due to the global financial crisis, as demand from industrial use decreased.
Although we have maintained good relationships with our banks that provide us with such financing and have not experienced any difficulties in repaying our borrowings, our ability to continue to obtain financing is subject to a variety of factors. In addition, these seasonal consumption patterns may cause our operating results and financial condition to fluctuate from period to period.
As a pioneer in the industry, we started our operations in Guangzhou prospeectus and opened our first POS in Hong Kong in As at 30 Septemberwe had franchised POS which were operated by over franchisees, and amongst our self-operated POS, we had joint-venture POS which were operated by over 20 joint-venture partners. The concentration of our production facilities and our raw material warehouses in a single geographical region, the Pearl River Delta, means that our business and results of operations are dependent on the degree to which we are able to continue to import raw materials into, manufacture products foik, and export products from, this region.
The occurrence of any of the following events could harm us. Hong Kong, Macau and other Asian markets 1. In any event, we cannot assure you that we will be able to renew our concessionaire agreements on the same terms or on commercially acceptable terms, in a timely manner, if at all.
Chow Tai Fook Jewellery Group Limited – Investor Relations > Investor FAQ
Wong Siu-Kee, Kent Dr. This may in turn adversely affect our financial condition and results of operations.
DTC sightholders are entitled to procure rough fpok directly from DTC, while other diamond traders and buyers can purchase diamonds from the sightholders or on secondary markets. We have an effective vertically integrated business model that gives us centralised and tight control over our processes, from raw material procurement, design, production and marketing to sales through our extensive retail network.
The Lending General Provisions do not provide for any penalty on borrowers and the Group rai not aware of any plans of the PBOC to levy such a fine or other chpw on either the lenders or the borrowers in the PRC. The Circular also provides that, where prospectu non-PRC resident enterprise transfers its equity interests in a PRC resident enterprise to its related parties at a price lower than the fair market value, the relevant tax authority has the power to make a reasonable adjustment to the taxable income of the transaction.
The success of our business in the regions in which we operate is dependent on our ability to identify market trends and customer preferences in those regions, prospwctus then to design and bring to market in a timely manner products that satisfy the current preferences of a broad range of customers in each respective region, by either enhancing existing products or developing new product offerings.
We will require Hong Kong dollars for dividend payments if any to prospctus Shareholders. In the event that our competitors cgow to any declines in consumer confidence by reducing retail prices, our ability to maintain our market share may be adversely impacted, and we may have to intensify our marketing efforts in order to compete effectively.
As part of the Reorganisation, Foshan Yushunfu became a subsidiary of our Group in Should any of these suppliers become unable or unwilling to continue to supply us with the raw materials and the merchandise we need, our operations and financial results may be adversely affected. With the rising education level, increasing sophistication and rising affluence of PRC consumers at large, the demand for authentic, high quality and genuine jewellery products with strong design elements is expected to experience further growth.
Freshfields Bruckhaus Deringer as to Cayman Islands laws: We cannot assure you that we will be able to lease or acquire suitable locations on terms commercially acceptable to us, as we have been able to do so in the past. Our insurance coverage may not cover all losses. In particular, it provides for specific standards pfospectus procedures for entering into non-fixed-term labour contracts as some of our employees do.
Moreover, the PRC has experienced natural disasters like earthquakes, floods, landslides and droughts in the past few years. We purchase watches from suppliers of international brands on an order-by-order basis, and as a result we rely on their continuing cooperation with us.
As a result, we may not fkok able to identify and lease or acquire suitable locations for our new POS. Some of these factors are not entirely within our control.
In the event that we encounter difficulties in securing suitable sites for POS in the localities we plan to expand into, our business and growth prospects will be adversely affected.
However, we cannot assure you that our hedging instruments will continue to be effective in hedging gold price movements and that our hedging strategy will be able to protect us from unfavourable gold price movements. Inthere were reports of occurrences of H1N1 flu in certain regions of the world, including the PRC. What is Chow Tai Fook’s geographical sales mix? Failure to utilise our hedging instruments effectively in managing our exposure to gold price movements could have a material and adverse effect on our business, financial condition and results of operations.
While we have supply agreements with the DTC and Rio Tinto, any decisions made by this limited number of diamond mining firms to restrict the supply of rough diamonds could substantially impair our ability to source diamonds at commercially acceptable prices, if at all. Dealings in the Shares registered in our Hong Kong register of members will be subject to Hong Kong stamp duty. Set out below are the key milestones in our over 80 years of heritage: The Securities and Futures Commission and the Registrar of Fai in Hong Kong take no responsibility as to the contents of this prospectus or any other documents referred to above.
Proslectus monitor the sales performance and inventory level of our franchised POS and also provide staff training.
Please click on ” Dividend History ” for the details. For example, in addition to conducting market research, our customer loyalty programmes enhance our ability to understand the spending behaviour of our customers, which in turn helps us gain chod loyalty as well as gauge market trends and customer preferences.
We may not be able to successfully identify, acquire or integrate businesses in pursuing our growth and expansion plans. We have not authorised anyone to provide you with information that is different from what is contained in this prospectus. Significant economic downturns and decreased consumer confidence in the PRC may also affect travel to Hong Kong and Macau.