Board Approves Plan to Return US$180 million to Shareholders over Three Years in Addition to Normal Dividend

Highlights:

• Shipment volume increased by 12.3%, led by Sports category
• Revenue increased by 7.5% to US$770.0 million
• Further enhanced customer portfolio
• Gross profit margin expanded by 2.7 percentage points to 25.8%
• Reported operating profit margin increased to 12.9% from 9.0% same period last year
• Adjusted net profit increased by 54.1% to US$92.9 million
• Strong net cash position reached US$326.1 million, compared to US$162.5 million as at 30 June 2023
• Declared interim dividend of HK65 cents per share, representing a dividend payout ratio of about 71.5% based on adjusted net profit
• Board resolves to return additional cash up to US$180 million in total for the next three years (2024-2026) to shareholders through a combination of share repurchases and special dividends, on top of paying regular dividends with a payout ratio of 70%