According to Zhitong Finance App, Yongjia Group (03322.HK) issued an announcement. As announced by the company on October 10, 2023, Jiebai Trading (Hangzhou) Co., Ltd. (a wholly-owned subsidiary of the Haute Couture retail business) entered into a sales agreement with a third party to sell, sell and replace the “Champion” fashion brand inventory and franchise store assets to the third party. The haute couture retail business ceased operating the “Champion” franchise after the sale was completed in December 2023, and the related business is considered to have ceased operations. The same-store sales performance in this announcement (including the number of directly managed physical stores) reflects only continuing operations.

According to Zhitong Finance App, Yongjia Group (03322.HK) issued an announcement. As announced by the company on October 10, 2023, Jiebai Trading (Hangzhou) Co., Ltd. (a wholly-owned subsidiary of the Haute Couture retail business) entered into a sales agreement with a third party to sell, sell and replace the “Champion” fashion brand inventory and franchise store assets to the third party. The haute couture retail business ceased operating the “Champion” franchise after the sale was completed in December 2023, and the related business is considered to have ceased operations. The same-store sales performance in this announcement (including the number of directly managed physical stores) reflects only continuing operations.