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Giordano International Limited (Stock code: 709) May 22, 2008 (Thursday)

2008 First Quarter Results. Giordano International Limited (Stock code: 709) May 22, 2008 (Thursday). Group Operations Highlights Three Months Ended March 31, 2008. Group turnover  15.1 % Retail & Distribution turnover  16.4% Comparable store sales  5.3%

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Giordano International Limited (Stock code: 709) May 22, 2008 (Thursday)

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  1. 2008 First Quarter Results Giordano International Limited (Stock code: 709) May 22, 2008 (Thursday)

  2. Group Operations Highlights Three Months Ended March 31, 2008 • Group turnover  15.1% • Retail & Distribution turnover  16.4% • Comparable store sales  5.3% • Mainland China retail sales  40.8% • Mainland China gross profit  61.3% • Group gross profit  17.2% • Group gross margin 46.9% • Net cash & bank balances (HKD millions) 561 • Inventory turnover on sales (days) 27 Giordano 2008 First Quarter Results

  3. Divisional Highlights 1 Sales to external parties, net of intra-group sales • Group turnover increased by 8.3% YOY in Apr-08. Giordano 2008 First Quarter Results

  4. Retail & Distribution Turnover by Brand Three Months Ended March 31, 2008 BSX, 5% (7%)1 Giordano Ladies, 5% (6%)1 Giordano Concepts, 5% (3%)1 Giordano & Giordano Junior, 85% (84%)1 1 YOY figures in brackets. Giordano 2008 First Quarter Results

  5. Retail & Distribution Division Operations Highlights • 1Q08 Retail & Distribution gross margin widened to 49.4% (1Q07: 48.0%). • Apr-08 Retail & Distribution sales and increased by 10.0%. Giordano 2008 First Quarter Results

  6. Retail & Distribution Division Operations Highlights 1 Inclusive of outlets operating for the full 3, 6 and 9 months in the periods under consideration Giordano 2008 First Quarter Results

  7. & • Accounted for 85% of Retail & Distribution turnover for the three months ended Mar-08. • Total 1,730 outlets as of end Mar-08. Giordano 2008 First Quarter Results

  8. Accounted for 5% of Retail & Distribution turnover for the three months ended Mar-08. • Total 39 stores as of end Mar-08. Giordano 2008 First Quarter Results

  9. Accounted for 5% of Retail & Distribution turnover for the three months ended Mar-08. • Total 15 stores as of end Mar-08. Giordano 2008 First Quarter Results

  10. Accounted for 5% of Retail & Distribution turnover for the three months ended Mar-08. • Closed 9 stores in 1Q08 to as part of on-going store network restructuring. Giordano 2008 First Quarter Results

  11. Retail & Distribution Turnover by Market Three Months Ended March 31, 2008 Others, 9% (10%)1 Mainland China, 36% (30%)1 Thailand, 2% (2%)1 Malaysia, 3% (3%)1 Indonesia, 4% (4%)1 Australia, 4% (5%)1 Singapore, 8% (10%)1 Taiwan, 15% (15%)1 Hong Kong, 19% (21%)1 1 YOY figures in brackets Giordano 2008 First Quarter Results

  12. Retail & Distribution Division Operations Highlights 1 South Korea and Middle East sales are not consolidated into Group sales. On March 31, 2008, the Group held 48.8% in Giordano South Korea and 20.0% in Giordano Middle East. Giordano 2008 First Quarter Results

  13. Retail & Distribution Division Operations Highlights 1 Inclusive of outlets operating for the full 3, 6 and 9 months in the periods under consideration 2 South Korea and Middle East sales are not consolidated into Group sales. On March 31, 2008, the Group held 48.8% in Giordano South Korea and 20.0% in Giordano Middle East. Giordano 2008 First Quarter Results

  14. MAINLAND CHINA • Total 827 outlets as of end Mar-08. • About 40 additional stores planned for 2Q08, including a number of flagship stores • Apr-08 sales up 22.3% YOY. Giordano 2008 First Quarter Results

  15. HONG KONG • Total 88 outlets as of end Mar-08. Giordano 2008 First Quarter Results

  16. TAIWAN • Total 200 outlets as of end Mar-08. Giordano 2008 First Quarter Results

  17. SINGAPORE • Total 55 outlets as of end Mar-08. Giordano 2008 First Quarter Results

  18. SOUTH KOREA • Total 175 outlets as of end Mar-08. Giordano 2008 First Quarter Results

  19. MIDDLE EAST • Total 150 outlets as of end Mar-08. Giordano 2008 First Quarter Results

  20. GLOBAL RETAIL NETWORK Giordano 2008 First Quarter Results

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