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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When was Chow Tai Fook’s initial public offering and at what price? As a result, these host department stores may attempt to transfer such increases to us by increasing our concessionaire fees as we seek to renew our concessionaire agreements.

In addition, the increasing business complexity of our operations due to our growth strategies may place additional requirements on our systems, controls, procedures, and management and, as a result, may strain our ability to manage our future growth.

However, we are aware prosepctus infringements by other parties of our trade name or trademarks and we take action against such other parties from time to time.

As such, the mass to high-end luxury watch players are expected to benefit from this trend. Tier III cities and other lower tier cities: Accordingly, you should not place undue reliance on any forward-looking information.

As a result, such litigation may have a material adverse effect on our business, financial condition and results of operations. In addition, we do not believe that any of our business is restricted by U. Consumer survey Below is a summary of the consumer survey outcome with focus on brand awareness and purchase patterns conducted in August in the PRC, Hong Kong and Macau.

In addition, our Shareholders may experience dilution in their holdings to the extent we issue additional securities in future offerings.

The current ad valorem rate of Hong Kong stamp duty is 0. The experience of Ste 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 resources.

When selecting a site for a POS, we take into account various factors, including: The information and statistics contained in this prospectus have been derived partly from publicly available government and official sources. We are a retailer of a broad range of discretionary products and our sales and profitability ati not affected by the prices of gold and platinum alone. This industry trend has created opportunities for industry players that are able to develop strong brand identities across a broad price range because consumers tend to be more willing to associate themselves with these brands through the loyal adoption of a wider array of their jewellery products.

Can you name three jewellery brands prosepctus you are aware of?

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

For polished diamonds, the average price in decreased by With a number of our core management team members having worked their way up through the ranks, they have built a deep knowledge and a thorough understanding of every facet of our business and operations.


Our business model is vertically integrated from raw material procurement, design, production and marketing to sales through our extensive retail network. Our ability to do so with respect to Shenzhen and Shunde, both of which are in Guangdong province, could be particularly adversely impacted due to unfavourable changes in PRC government rules and regulations, such as foreign investment policies or tax policies, political unrest or the adoption of more restrictive import and export policies in Guangdong province or within the PRC in general.

Change in working capital usage. Toward the end ofthe price of platinum was negatively affected due to the global financial crisis, as demand from industrial use decreased. We rely upon certain key personnel. The Offer Shares have not been and prospectjs not be registered under the US Securities Act or any state securities law in the United States and may not be offered, sold, pledged or fhow within the United States, except that Offer Shares may be offered, sold or delivered i to QIBs in reliance on an exemption from registration under the US Securities Act provided by, and in accordance with the restrictions of, Rule A or another exemption from, or in a transaction not subject to, the registration requirements of the US Securities Act or ii outside the United States in offshore transactions in accordance with Regulation S.

We rely on short-term borrowings to fund our operations. With plans to reach over 2, jewellery POS bywe aim to open a net of approximately jewellery POS per year. If we fail to compete effectively against our competitors, we may be unable to expand our market share in our key growth markets or in our product categories, and may lose market share. We cannot assure you that we will anticipate or respond to changes in customer preferences in prospects or more of the regions in which we operate.

These programmes could also drive the developmental focus and consumption growth in Tier II cities, Tier III cities and other lower tier cities. Overthe average price of polished diamond decreased by Such actions by our franchisees may also lead to uneven shopping experiences and inconsistent customer service for our customers, which would harm our reputation and brand.

An outbreak of a health epidemic or contagious disease could result in a widespread health crisis and restrict the level of business activities in affected areas, which may in turn adversely affect our business. Product segmentation in the PRC? Dealings in the Shares expected to commence on. However, as a result of rising affluence, increasing demand for quality products and lower operational costs in Tier III cities and other lower tier taai, many large-scale jewellery retailers are shifting focus to these cities for growth opportunities.

Chow Tai Fook – Prospectus_图文_百度文库

You should read that entire section carefully before fooj decide to invest in the Offer Shares. How much of the Group’s revenue is generated by retail operations? Dividends and other distributions paid by our PRC subsidiaries fund a large part of our future cash needs, including the funds necessary to pay dividends to our Shareholders, to service any debt we may incur and to pay our operating expenses.


Our self-operated and franchised POS are strategically located in densely populated areas and prime shopping districts, thereby efficiently maximising our brand exposure and recognition. Accordingly, our long-term outlook is dependent on prspectus conditions, which could adversely affect our business, financial condition, results of operations chod prospects in ways that we cannot predict.

Future fluctuations in foreign exchange rates and government control in currency conversion may adversely affect our financial condition cuow results of operations as well as our ability to remit dividends. Going forward, the retail sales of consumer goods in Hong Kong and Macau is forecasted to grow at an even faster pace with a CAGR of In other words, a total stamp duty of 0.

Investor FAQ

Joint Global Coordinators Joint Sponsors in alphabetical order Joint Bookrunners in alphabetical order Financial Advisers Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited and Hong Kong Securities Clearing Company Limited take no responsibility for the contents of this prospectus, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this prospectus.

If the relevant PRC tax authorities hold that our overseas holding company to be transferred does not have substance or the Indirect Transfer does not have any bona fide commercial purpose and was conducted for the purpose of avoiding PRC tax, or chhow such transfers are otherwise taxable under the Circular, we may be required to pay enterprise income taxes for the Chw Transfers. Any of the above factors could increase the costs of our production or disrupt our production in the Pearl River Delta, which may have a material adverse effect on our business, results of operations or financial condition.

Up to , Shares to be offered by the Selling Shareholder. 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.

If they leave or become unable or unwilling to fulfil their roles, this may have an adverse effect on our business and future growth. As at 30 Septemberout of 1, of our self-operated POS were operated as Concessionaire Counters within department stores through concessionaire agreements. Within this segment, Chow Tai Fook enjoys a leading position with a market share of