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Looking ahead, amid the growing diversity in consumer demands and the increasing
competition in the retail industry, the Group remains focused on its core business and
operational innovation to stay agile and competitive in a rapidly changing market.
Despite the complex and volatile prevailing economic environment, the Group remains active
in seeking strategic business expansion to seize growth opportunities where the Group has
established presence, while investing in stores renovation
During the Review Period, the global economic environment faced persistent headwinds
characterised by heightened uncertainties. It is entering a “low growth, high volatility” new
normal, shaped by escalating trade conflicts and policy volatility. Even though the economy
of the People’s Republic of China (the “PRC”) has demonstrated strong resilience and vitality,
the consumption market in the PRC is going through a landscape of moderate consumption
recovery and deepening consumption fr
