Lung Fung Group (02290.HK): Q2 Retail Sales Rise 21.2% YoY to HK$829.3M; Store Count Increases to 31

NewTimeSpace News: Lung Fung Group Holdings Limited (stock code: 2290) issued a voluntary announcement on July 20, disclosing its latest operating performance for the three months ended June 30, 2026.

The Board is pleased to announce that during the period, the Group recorded retail sales through retail stores of approximately HK$829.3 million, representing an increase of approximately 21.2% compared with HK$684.2 million in the same period last year. As of June 30, 2026, the Group operated 31 retail stores, compared with 27 retail stores as of June 30, 2025. The increase in the number of retail stores was mainly attributable to the opening of new stores and the Group's continued expansion of its retail network.

Based on a comparison of revenue from 25 retail stores ("comparable stores") that operated continuously during the three months ended June 30, 2026 and the comparative prior period, sales of comparable stores during the period reached HK$740.5 million, representing a same-store sales increase of 10.3% compared with HK$671.1 million in the same period last year.

The Board believes that despite the impact of consecutive rainy days in June on retail sales, the Group recorded growth in both retail sales through retail stores and same-store sales during the period, mainly benefiting from increased customer traffic and expanded retail network coverage. The Group will continue to closely monitor market developments and adjust product mix, promotional strategies and store operations, with the aim of further enhancing sales performance and operational efficiency.

The Board hereby reminds shareholders and prospective investors that the above data is unaudited and compiled based on the Group's preliminary internal information. Given various uncertainties in the data collection process, such data may differ from the figures disclosed in the Company's audited or unaudited consolidated financial statements published on an annual or semi-annual basis. Retail sales during the period are affected by a series of factors, and therefore the operating data for the period does not constitute, represent, reflect or indicate the Group's total revenue or complete financial performance for the period.

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