Steady Final Dividend of HK$0.02 Per ShareDividend Payout Ratio was Approximately 35%

(RMB' million)	For the year ended 31 December
	2024	2023	Change (%)
Revenue	322.3	262.6	+23%
Operating profit	96.6	67.6	+43%
Profit attributable to shareholders	106.6	62.4	+71%
Basic earnings per share (RMB)	0.054	0.034	+59%
Final dividend per share (HKD)	0.02	0.01	+100%

HONG KONG SAR - Media OutReach Newswire - 26 March 2025 - A renowned ladies' footwear brand group in China – Daphne International Holdings Limited ("Daphne" or the "Group", stock code: 210), today announced its annual results for the year ended 31 December 2024 (the "Year"). In 2024, in the face of tepid consumer spending and insufficient domestic demand, the Group remained committed to refining its tried-and-true strategies to bolster its market position, demonstrating strong resilience through remarkable operational performance and strong annual results. Both revenue and operating profit experienced significant growth, providing a competitive edge over the broader market and highlighting the Group's capability to navigate challenging times. For the Year, the Group's total revenue increased 23% year-on-year, amounting to approximately RMB322.3 million. Operating profit surged 43% to approximately RMB96.6 million and profit attributable to shareholders significantly increased by 71% to approximately RMB106.6 million, positioning it for sustainable growth ahead. Basic earnings per share was RMB0.054. The Board of Directors recommended the payment of a final dividend of HK$0.02 per share for the Year. The dividend payout ratio was approximately 35%. Commenting on the annual results, Mr. Chang Chih-Chiao, Daphne's Chief Executive Officer, said, "In 2024, in response to cautious consumer sentiment and the diversification of e-commerce channels, the Group continued to leverage its advantages as an industry leader to bolster its presence across both traditional e-commerce platforms and social media while strategically positioning itself within emerging e-commerce platforms. Drawing on its established competitive advantages and proven strategies, the Group's business sustained healthy growth. Alongside these efforts, the Group consistently optimised its offline distribution channels, supply chain, and brand strategies, resulting in robust sales growth for the dual-brand portfolio ('DAPHNE' and 'DAPHNE.LAB') that exceeds the industry average." "DAPHNE" In 2024, the Group strives to better serve the diverse needs of consumers, "DAPHNE" launched a brand rejuvenation initiative that has achieved remarkable success, with annual sales performance exceeding the Group's expectations. In September 2024, "DAPHNE" officially announced a new brand ambassador and launched a brand new offline physical store design, making a bold return to the ladies' footwear market with a refreshed image. This endorsement not only deepens the emotional resonance between the "DAPHNE" brand and contemporary women but also inspires every woman to bravely be herself and walk with confidence. This revitalisation was complemented by the launch of the original "CloudSoft" collection, characterised by its comfort, lightweight design, and functionality, reflecting the brand's poised yet effortless aesthetic. Additionally, the brand's new product categories, including children's shoes and handbags, have shown promising initial results. With these new ventures on track, the "DAPHNE" brand sees significant potential for future growth. Furthermore, the Group continues to actively bolster its footprint in the e-commerce arena. While maintaining a leading advantage on traditional e-commerce platforms such as "Tmall", "VIP.com", and "JD.com", the Group has also kept investing in emerging platforms like "Douyin" and "Pinduoduo", achieving higher-than-expected growth and significant results, establishing itself as a top player on these platforms. To further bolster growth, the Group explored innovative sales channels that leverage social media attributes such as "Douyin", "RedNote" and "DEWU.com". This strategy not only attracted younger demographics but also generated positive brand exposure among key consumer segments. In addition, "DAPHNE" products are competitively priced and offer excellent value for money, greatly increasing their strong appeal across a wide range of consumers. Recognising the growing preference for value-for-money products, the Group has ramped up its marketing efforts to foster deeper interactions with customers, successfully establishing a strong brand presence on high-traffic online platforms to drive long-term growth. Despite overall market challenges, the Group's commitment to its brand strategy has once again translated to tangible results. "DAPHNE.LAB" The avant-garde brand "DAPHNE.LAB" celebrated...