INTERIM RESULTS HIGHLIGHTS

1
INTERIM RESULTS HIGHLIGHTS FOR THE SIX MONTHS
ENDED JUNE 30, 2005
2
Group Financial Highlights For the Six Months
Ended June 30
3
Selected Financial Highlights Ratios For the
Six Months Ended June 30
As at December 31, 2004
4
Divisional HighlightsFor the Six Months Ended
June 30
5
Retail and Distribution Division For the Six
Months Ended June 30, 2005
Singapore 11 (11)
Taiwan 20 (20)
Malaysia 3 (4)
Hong Kong 21 (22)
Others 16 (14)
Mainland China 24 (24)
Australia 5 (5)
Note 1H04s in brackets
Retail and Distribution Turnover Composition by
Market
6
Retail and Distribution Division (Contd) For the
Six Months Ended June 30, 2005
Bluestar Exchange 9 (9)
Giordano Ladies 4 (4)
Giordano core line Junior 87 (87)
Note 1H04s in brackets
Retail and Distribution Turnover Composition by
Brand
7
Retail and Distribution Division (Contd) For the
Six Months Ended June 30, 2005
Brand Statistics
Total comparable store sales - 0.3 Total
comparable store gross profit 2.5
8
Retail and Distribution Division (Contd) For the
Six Months Ended June 30, 2005
9
Number of Outlets, by Region and by Brand (as at
June 30)
10
Trading Manufacturing Division For the Six
Months Ended June 30

• 61.7 of divisional sales to Group companies,
  down from 70.6 in 1H04.
• Operating margin declined by 2.2 owing to start
  up costs servicing new clients and heightened
  competition.

11
Outlook

• Consumer sentiment continues to improve in Taiwan
  
• gt We will deepen restructuring efforts
• Korean economy shows signs of improvements
• gt We will enhance gross margins utilizing
  global sourcing strength
• Singaporean economy shows stable growth
• gt We will renovate key shops to meet customer
  expectations
• Hong Kong Disneyland opening will boost tourist
  arrivals and local consumer sentiment
• gt We will target Hong Kong product mix to
  capitalize on increased tourism
• Mainland China will continue to grow on the back
  of strong economic performance
• gt We will take advantage of anticipated
  industry consolidation
• Disney collection by Giordano
• gt We will capture new customer segment (younger
  crowds) in all markets