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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Those facts and statistics may not be consistent with other information compiled within or outside the PRC, Hong Kong and Macau and may not be complete or up-to-date. However, there is no assurance that the PBOC will not in the future enforce on such noncompliance retrospectively.

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. Toward the end ofthe price of platinum was negatively affected due to the global financial crisis, as demand from industrial use decreased.

Product segmentation in the PRC? We cannot assure you that the steps we have taken to protect our trade name or trademarks are sufficient or will be sufficient to protect our trade name or trademarks, or that our trade name or trademarks will not be subject to any infringement in the future. If you are required to pay PRC income taxes on the transfer of your holding of our Shares, the value of your investment in our Shares may be materially and adversely affected.

We expanded our watch business to the PRC. Our purchases of gold, diamonds and platinum together represents the largest component of our cost of sales, and fluctuations in the prices of these raw materials can have a significant effect on our business, results of operations and financial condition.

The following table sets forth turnover by geographical segments and the percentage contribution of each segment to our propectus turnover for the years and periods indicated. As a result, our watch business could be adversely affected. 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.

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The market is gradually witnessing a change in consumer attitudes and lifestyle with rising demand for quality and status as rpospectus as an urbanising middle class.

The strength of our brand is based on our reputation for providing authentic and high quality products with superior craftsmanship, complemented by consistent customer service across all of our POS.

Prior court decisions may be cited for reference by the courts but have limited value as legal precedents. Overthe average price of polished diamond decreased by We face taxation uncertainty with respect yai the indirect transfer of equity interest in our PRC resident enterprises through transfers made by our non-PRC holding companies. We have an effective vertically integrated business model that gives us centralised and tight control over prospectis processes, from raw material procurement, design, production and marketing to sales through our extensive retail network.

However, as discretionary income increases in China, many consumers will seek to purchase higher priced jewellery items such as diamond and platinum products. During the period from todespite the global financial crisis, the number of registered marriages continued to increase at a CAGR of 9.

In consideration for maintaining our Concessionaire Counter within a department store, the host department store takes a commission of our sales in terms of concessionaire fees. 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.

The implementation of the PRC Labour Contract Law and other labour-related regulations may increase our operating expenses and may adversely affect our business and results of operations.

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However, the PRC has not developed a fully integrated legal system, and recently-enacted laws and regulations may not sufficiently address all relevant aspects of economic activities in the PRC, or may even conflict with other new laws and regulations.

In recent years, property prices and rental related expenses in the PRC, Hong Kong and Macau have fluctuated, but overall have increased significantly.

While we purchase jadeite from wholesalers based in the PRC who source it from Myanmar and a small proportion of our jadeite is sourced through jadeite auctions organised by the Myanmar government, we do not buy from the Myanmar government and do not believe U.

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

Our turnover derived from POS located on properties with defective leasehold interests accounted for 4. Such information and statistics have not been independently verified by us, the Joint Global Coordinators, the Joint Bookrunners, the Joint Sponsors, any of the Underwriters, any of our or their respective directors, officers or representatives or any other person involved in the Global Offering and no representation is given as to their correctness or accuracy.

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.

Chow Tai Fook – Prospectus_图文_百度文库

Although recent data have not shown any deterioration in consumer purchases, we fopk assure you that consumer demand will not be impacted by the continuing weakness in prowpectus global economic condition or any future deterioration of economic condition in the PRC.

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. 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 dook, may strain our ability to manage our future growth.

Prior to the Global Offering, no public market existed for our Shares. We could be exposed to penalties or other liabilities in the United States if it were determined that our business activities resulted in prohibited transactions with countries and entities that are the subject of Tau. To the extent that such statements, forecasts, views or opinions are inconsistent or conflict with the information contained in this prospectus, we disclaim them.

These three sectors are not indicative of their relative importance to our business and are by no means fully comprehensive or exhaustive of the raw materials used within the jewellery industry.