China Pipe Group Limited — Capital/Financing Update 2016

Apr 14, 2016

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, 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 announcement.

DAPHNE INTERNATIONAL HOLDINGS LIMITED 達 芙 妮 國 際 控 股 有 限 公 司 * ( Incorporated in the Cayman Islands with limited liability ) ( Stock code: 210 )

Unaudited Operational Update for the First Quarter of 2016

The board of directors (“the Board ”) of Daphne International Holdings Limited (the “ Company ”, together with its subsidiaries collectively referred to as the “ Group ”) announces the unaudited operational data and information of the Group’s Core Brands business for the first quarter of 2016 as follows:

Core Brands Business	For the firstquarter of 2016
Same store sales growth rate (“SSSG”)(YoY % change)	-6.2%
Net addition/reduction of points-of-sale (“POS”)	-176(Reduced_139_directly-managedstores,and_37_franchised stores)
Core Brands Business	As at 31 March 2016
Total number of POS	5,421

Note: Core Brands business refers to the operation of “Daphne” and “Shoebox” brands in Mainland China

The Board wishes to remind the shareholders and potential investors of the Company that information stated in this announcement is based on the unaudited operational information of the Group which has not been reviewed or audited by the Company’s independent auditor.

Shareholders and potential shareholders of the Company are cautioned not to unduly rely on such information, and are advised to exercise caution when dealing in the shares of the Company.

• for identification purpose only

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By Order of the Board Daphne International Holdings Limited Chen Ying-Chieh Chairman

Hong Kong, 14 April 2016

As at the date of this announcement, the Board of the Company comprises four Executive Directors, namely Mr. Chen Ying-Chieh, Mr. Chang Chih-Chiao, Mr. Chang Chih-Kai and Mr. Chen Tommy Yi-Hsun, three Independent Non-executive Directors, namely Mr. Huang Shun-Tsai, Mr. Kuo Jung-Cheng, and Mr. Lee Ted Tak Tai.

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