TSL Jewellery publishes 2025/2026 annual report

• TSL published its annual report for the year ended March 31, 2026, flagging a return to profitability after a multi-year restructuring.
• Strategy pivoted further toward 24K gold, lifting same-store sales in most self-operated stores but pressuring margin mix versus gem-set jewellery.
• China Mainland footprint reset toward an asset-light model, cutting self-operated stores to 21; franchised outlets made up about 95% of 392 stores.
• Franchise expansion accelerated, with wholesale turnover up 41% as the network added 120 new franchise stores to 371.
• Cost controls drove a sharper operating base, with selling, distribution, and administrative expenses down 41.2% as underperforming stores were exited.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TSL - Tse Sui Luen Jewellery (International) Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260729-12260001), on July 29, 2026, and is solely responsible for the information contained therein.