Annual Results

Disclaimer The information, statements and opinions contained in this Presentation and any subsequent discussion do not constitute an offer to sell or solicitation of any offer to subscribe for or purchase any securities or other financial instruments or any advice or recommendation in respect of such securities or other financial instruments. Potential investors and shareholders (the “Potential Investors and Shareholders”) of Chow Sang Sang Holdings International Limited (the “Company”) are reminded that information contained in this Presentation and any subsequent discussion comprises extracts of operational data and financial information of the Company and its subsidiaries (the “Group”) for the relevant reporting period. The information included in this Presentation and any subsequent discussion, which does not purport to be comprehensive nor render any form of financial or other advice, has been provided by the Group for general information purposes only and certain information has not been independently verified. No representations or warranties, expressed or implied, are made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information, statements or opinions presented or contained in this Presentation and any subsequent discussion or any data which such information generates. The performance data and the results of operations of the Group contained in this Presentation and any subsequent discussion are historical in nature, and past performance is no guarantee of the future results of the Group. Any forward-looking statements and opinions contained in this Presentation and subsequent discussion are based on current plans, beliefs, expectations, estimates and projections at the date the statements and opinions are made, and therefore involve risks and uncertainties. There can be no assurance that any of the matters set out in such forward-looking statements are attainable, will actually occur or will be realised or are complete or accurate. Actual results may differ materially from those stated, implied and/or reflected in such forward-looking statements and opinions. The Group, the Directors, officers, employees and agents of the Group assume (a) no obligation to correct, update or supplement the forward-looking statements or opinions contained in this Presentation and any subsequent discussion; and (b) no liability in the event that any of the forward- looking statements or opinions does not materialise or turn out to be incorrect. Potential investors and shareholders should exercise caution when dealing in the securities of the Company. 1 Presentation Outline I. Business Overview II. Financial Highlights III. Business Review IV. Strategy Outline V. Q&A Session VI. Appendix 2 Date Here Business Overview 3 Business Segments Chow Sang Sang Holdings International Limited Manufacture and Retail of Wholesale of Precious Metals Securities and Futures Broking Jewellery and Watches 4 Retail Store Brand Category ⚫ Our mainline store brand whose stores are fully scaled, carrying all our lines of merchandise ⚫ A new line of stores as a subtext to Chow Sang Sang. Stores are fitted out in a relaxed, “corner-store” style designed to blend into residential neighbourhoods (Oasis by Chow Sang Sang) ⚫ Our mainline store brand name in Macau and Taiwan 5 Retail Store Brand Category ⚫ Originated from the name of our signature collection of engagement rings and wedding bands, which we now promote on its own in a specialty store designed to evoke an atmosphere suited for making a marriage proposal ⚫ Aims to define the new daily wear jewellery with bold designs ⚫ An affordable daily wear brand that makes items suitable for younger generation to wear every day ⚫ An Italian jewellery brand featuring artisanal craftsmanship and contemporary design concepts 6 Store Count by Brand Region As at 31 Dec 2019 Opening Closure Net change As at 31 Dec 2020 Chow Sang Sang 561 62 32 +30 591 周生生生生·活宇 0 10 0 +10 10 (Oasis by Chow Sang Sang) Mainland Rolex/Tudor 13 0 1 -1 12 China MINTYGREEN 25 3 3 0 25 EMPHASIS 7 6 1 +5 12 PROMESSA 0 2 0 +2 2 MARCO BICEGO 0 1 0 +1 1 Sub-total: 606 84 37 +47 653 Chow Sang Sang 49 0 1 -1 48 Hong Rolex/Tudor 12 0 0 0 12 Kong EMPHASIS 4 1 1 0 4 PROMESSA 0 1 0 +1 1 Sub-total: 65 2 2 0 65 Macau 點睛品 5 1 2 -1 4 Sub-total: 5 1 2 -1 4 點睛品 24 1 0 +1 25 Taiwan PROMESSA 0 1 0 +1 1 Sub-total: 24 2 0 +2 26 Total 700 89 41 +48 748 7 Jewellery and Watch Store Expansion Increasing no. of stores in Mainland China (No. of Stores) 800 748 700 26 700 24 69 599 70 600 26 519 67 500 472 25 24 72 400 74 300 606 653 506 200 374 422 100 0 2016 2017 2018 2019 2020 Mainland China HK and Macau Taiwan 8 Jewellery and Watch Store Network as at 31 Dec 2020 Heilongjiang Inner Mongolia Jilin Xinjiang Beijing Liaoning Tianjin Gansu Hebei Ningxia Shanxi Qinghai Shandong Shaanxi Henan Jiangsu Tibet Anhui Hubei Shanghai Chongqing Sichuan Zhejiang Hunan Jiangxi Guizhou Fujian e-shop Guangdong Guangxi Yunnan ⚫ chowsangang.com ⚫ Tmall Taiwan Hainan ⚫ JD 26 stores ⚫ VIP Hong Kong and Macau ⚫ other e-Commerce platforms 69 stores 9 Date Here Financial Highlights 10 Group Operating Performance Turnover Gross profit (HK$M) (HK$M) 6,000 20,000 18,806 17,736 5,000 4,777 4,631 15,032 4,155 15,000 9,248 8,196 4,000 2,203 2,271 8,614 10,000 3,000 2,384 2,000 5,000 9,558 9,540 2,574 2,360 1,000 6,418 1,771 0 0 2018 2019 2020 2018 2019 2020 1H 2H 11 Group Operating Performance (Cont’d) Profit before tax Profit attributable to equity holders (HK$M) (HK$M) 1,800 8.0% 1,800 7.0% 7.0% 1,600 7.0% 1,600 6.0% 6.1% 5.4% 1,400 1,323 6.0% 1,400 5.0% 5.0% 1,200 1,200 5.0% 518 1,012 921 3.6% 3.6% 4.0% 1,000 883 1,000 4.0% 85 800 406 800 3.0% 3.0% 644 600 614 600 29 544 2.0% 2.0% 400 805 798 400 333 606 +1.5% 615 1.0% 1.0% 200 200 307 211 0 0.0% 0 0.0% 2018 2019^ 2020# 2018 2019^ 2020# 1H 2H Margin 1H 2H Net Profit Margin ^ Included margin loan provision (HK$446M) # Included margin loan provision (HK$44M) and impairment of right-of-use assets (HK$170M) 12 Group Operating Results by Segment Turnover breakdown Results breakdown 0.2% 0.1% 0.1% 0.7% 100% 0.1% 0.2% 100% 0.2% 3.4% 1.3% 8.5% 8.1% 12.5% 1.1% 90% 80% 80% 0.7% 70% 60% 60% 94.8% 102.1%* 40% 149.4% 50% 91.1% 91.7% 87.2% 40% 20% 30% 0% 20% -2.9% # -50.0% ^ -0.5% 10% -20% -0.1% 0% 2018 2019 2020 -40% 2018 2019 2020 Retail Wholesale Broking Others Retail Wholesale Broking Others ^ Included margin loan provision (HK$446M) # Included margin loan provision (HK$44M) 13 * Included impairment of right-of-use assets (HK$170M) Jewellery and Watch Retail Performance Turnover Operating results (HK$M) (HK$M) 20,000 2,000 9.0% 7.9% 17,130 8.0% 16,258 7.0% 7.0%* 7.0% 15,000 1,500 13,098 1,282 6.0% 8,484 7,485 1,205 5.0% 10,000 1,000 521 915 7,447 472 4.0% 3.0% 630 ** 5,000 500 8,646 8,773 2.0% 733 761 5,651 1.0% 285 0 0 0.0% 2018 1H 2019 2H 2020 2018 2019 2020 1H 2H Margin * Included impairment of right-of-use assets (HK$170M) 14 Jewellery and Watch Retail Performance Mainland China retail turnover HK & Macau retail turnover (HK$M) (HK$M) 10,000 9,688 10,000 9,327 9,000 8,686 9,000 8,000 8,000 7,689 4,531 4,361 7,000 7,000 6,436 6,000 5,003 6,000 4,057 5,000 5,000 2,879 4,261 4,000 4,000 3,000 3,000 2,354 4,966 5,157 2,000 2,000 3,683 3,632 3,557 1,000 1,000 1,907 0 0 2018 1H 2019 2H 2020 2018 2019 2020 15 Retail Turnover by Geographical Area 2018 2019 2020 Taiwan Taiwan Taiwan 1% 1% 1% HK & HK & Macau HK & Macau 33% Mainland Macau 39% China 45% Mainland Mainland 54% China China 60% 66% 16 Mainland China Retail Sales Mix 17 Hong Kong and Macau Retail Sales Mix 18 Mainland China Retail SSSG 200% 150% 100% 50% 0% -50% 2017 1H 2017 2H 2018 1H 2018 2H 2019 1H 2019 2H 2020 1H 2020 2H Overall Gold jewellery and products Gem-set jewellery Watches 19 Hong Kong and Macau Retail SSSG 80% 60% 40% 20% 0% -20% -40% -60% -80% 2017 1H 2017 2H 2018 1H 2018 2H 2019 1H 2019 2H 2020 1H 2020 2H Overall Gold jewellery and products Gem-set jewellery Watches 20 Retail: Change of Average Selling Price Mainland China Mainland China - Gold jewellery and products - Gem-set jewellery (RMB) (RMB) 5,000 12,000 4,000 8,500 8,600 3,300 9,000 7,700 3,000 2,400 2,600 6,000 1,700 2,000 1,340 1,400 2,500 2,500 2,600 3,000 1,000 0 0 2018 2019 2020 2018 2019 2020 e-shop Exclude e-shop e-shop Exclude e-shop Hong Kong and Macau Hong Kong and Macau - Gold jewellery and products - Gem-set jewellery (HK$) (HK$) 7,900 8,000 15,000 11,900 11,000 6,000 5,000 5,000 10,200 10,000 4,000 5,000 2,000 0 0 2018 2019 2020 2018 2019 2020 21 Omni-Remote Sales as a Percentage of Mainland China Sales 33% Omni-Remote sales 32% 28% 23% 21% E-shop sales 18% 17% 18% 15% 16% 13% 15% 13% 14% 10% 12% 9% 8% 2015 2016 2017 2018 2019 2020 22 Retail Performance by Geographical Area Retail segment turnover and GP margin Retail segment results and margin (HK$M) (HK$M) 35,000 3,500 20.0% 40.0% 14.0% 11.3% 15.0% 30,000 3,000 9.8% 35.0% 8.3% 10.0% 5.2% 31.0% 3.8% 29.0% 2,500 5.0% 25,000 30.0% 27.0% 2.8% 0.0% 2,000 -4.1% 25.0% * 20,000 -7.3% -5.0% 17,130 16,258 1,500 -10.0% 20.0% 1,282 114 134 1,205 7 915 15,000 13,098 180 13 -15.0% 293 7,689 6,436 151 15.0% 1,000 -20.0% 4,261 10,000 1,095 1,213 10.0% 500 917 -25.0% 5,000 -30.0% 9,327 9,688 8,686 5.0% 0 * (5) (311) -35.0%* 0 0.0% -500 2018 2019 2020 -40.0% 2018 2019 2020 Mainland China HK&Mac Mainland China HK&Mac Taiwan GP Taiwan Mainland China margin HK&Mac margin Taiwan margin * Included impairment of right-of-use assets (HK$170M) 23 Working Capital Trends Average inventory turnover days Average receivables turnover days (No.

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