THIRD QUARTER OPERATIONS HIGHLIGHTS

1
THIRD QUARTER OPERATIONS HIGHLIGHTS FOR THE NINE
MONTHS ENDED SEPTEMBER 30, 2007
2
Group Operations Highlights Nine Months Ended
September 30, 2007

• Group turnover ? 13.0
• Retail Distribution turnover ? 11.1
• Comparable store sales ? 2.9
• Mainland China retail sales ? 25.4
• Manufacturing third party sales ? 31.5
• Group gross profit ? 8.7
• Group gross margin 47.6
• Net cash bank balances (HKD millions) 401
• Inventory turnover on sales (days) 36

3
Divisional Highlights

• Group turnover increased by high-teens YOY in
  Oct-07.

1 Sales to external parties, net of intra-group
sales
4
Group Turnover by Business Segment Nine Months
Ended September 30, 2007
BSX / Bluestar Exchange, 6 (7)1
Giordano Ladies, 5 (5)1
Garment Trading Manufacturing2, 11 (9)1
Giordano Concepts, 4 (N/A)1
Giordano core line Giordano Junior, 74 (79)1
1 YOY figures in brackets 2 Sales to external
parties, net of intra-group sales
5
Retail Distribution Division Operations
Highlights

• 3Q07 Retail Distribution gross margin widened
  to 50.3 (3Q06 49.9).
• Oct-07 Retail Distribution sales and gross
  profit both increased by mid-teens.

6
Retail Distribution Division Operations
Highlights
1 Inclusive of outlets operating for the full 3,
6 and 9 months in the periods under consideration.
7
Giordano core-line Junior

• Accounted for 83.6 of Retail Distribution
  turnover for the nine months ended Sep-07.
• Oct-07 sales up mid-teens YOY.

8
Giordano Ladies

• Accounted for 5.6 of Retail Distribution
  turnover for the nine months ended Sep-07.
• Launched in Kuala Lumpur in 3Q07.
• Total 37 stores as of end Sep-07.
• Oct-07 sales up mid-teens YOY.
• New store planned in Jakarta in 4Q07.

9
Giordano Concepts

• Accounted for 4.2 of Retail Distribution
  turnover for the nine months ended Sep-07.
• Added three stores in Guangzhou, Taipei and Kuala
  Lumpur in 3Q07.
• Total 12 stores as of end Sep-07.
• At least another two stores planned in 4Q07.

10
BSX / Bluestar Exchange

• Accounted for 6.6 of Retail Distribution
  turnover for the nine months ended Sep-07.
• Gross margin for the nine months ended Sep-07 up
  2.8 percentage points due to better product mix.
• 14 out of 125 stores re-branded to BSX as of end
  Sep-07.
• Closed 17 stores in 3Q07 to restructure store
  network.
• Oct-07 sales down low-teens YOY.

11
Retail Distribution Turnover by Market Nine
Months Ended September 30, 2007
Others, 11 (11)1
Thailand, 3 (2)1
Mainland China, 29 (25)1
Malaysia, 3 (3)1
Indonesia, 4 (3)1
Australia, 5 (6)1
Singapore, 9 (10)1
Hong Kong, 21 (23)1
Taiwan, 15 (17)1
1 YOY figures in brackets
12
Retail Distribution Division Operations
Highlights
1 Korean and Middle East sales are not
consolidated into Group sales.
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 Korean and Middle East sales are
not consolidated into Group sales.
14
Mainland China

• Opened first Giordano Concepts store in Guangzhou
  in August 2007.
• Total 786 outlets as of end Sep-07.
• 20 additional stores planned for 4Q07.
• Oct-07 turnover and gross profit up gt 20 YOY.

15
Hong Kong

• Total 93 outlets as of end Sep-07.
• Oct-07 sales up low single digit YOY while gross
  profit up high single digit.

16
Taiwan

• Closed 16 stores in the nine months to Sep-07.
• Total 223 outlets as of end Sep-07.
• Oct-07 sales and gross profit up low single digit
  YOY.

17
Singapore

• Sales impacted by 2 percentage point GST increase
  to 7 in Jul-07.
• Total 53 outlets as of end Sep-07.
• Oct-07 sales down double digit YOY.

18
South Korea Nine Months Ended September 30

• Gross margin for the nine months ended Sep-07 up
  1.5 percentage points.
• Total 165 outlets as of end Sep-07.
• Oct-07 sales up low single digit YOY.

19
Middle East

• Total 142 outlets as of end Sep-07.
• Oct-07 sales up mid-teens YOY.

20
Global Retail Network