Core Viewpoint - Bosideng clarifies that recent media reports regarding a potential acquisition of Canada Goose Holdings Inc. are inaccurate and that the company has no undisclosed information [2] Group 1 - Bosideng issued a statement on the Hong Kong Stock Exchange addressing media speculation about acquiring Canada Goose [2] - The company emphasized that the reports are false and reaffirmed its commitment to transparency [2]

Core Viewpoint - Bosideng clarifies that reports regarding a potential acquisition of Canada Goose are false and that there is no undisclosed information [2] Group 1: Company Performance - Bosideng reported a revenue of 25.902 billion yuan for the fiscal year ending March 31, 2025, representing an 11.6% year-on-year increase [5] - The net profit for Bosideng increased by 14.3% to 3.514 billion yuan during the same period [5] - The brand's down jacket business generated approximately 21.668 billion yuan, accounting for 83.7% of total revenue, with an 11.0% year-on-year increase [5] Group 2: Market Context - Bain Capital, the controlling shareholder of Canada Goose, is considering selling its stake, which may be related to the brand's recent underperformance [4] - Canada Goose's revenue growth has slowed significantly, with increases of 21.54%, 10.8%, 9.6%, and only 1.09% from fiscal years 2022 to 2025 [4] - In the first quarter of fiscal year 2026, Canada Goose reported a revenue increase of 22.4% to 108 million Canadian dollars, but its net loss widened to 125.5 million Canadian dollars [5] Group 3: Profitability Challenges - Bosideng's overall gross margin decreased by 2.3 percentage points to approximately 57.3% [8] - The gross margin for the brand's down jacket business fell by 1.6 percentage points to 63.4%, while the private label processing business and women's wear also saw declines [8] - Factors affecting the gross margin include changes in channel structure, product category mix, and rising core down costs [8] Group 4: Product Diversification - Bosideng has expanded its product range to include sun protection clothing and outdoor jackets, aiming to differentiate itself in a low-concentration market [11] - The company plans to educate consumers and lead the market in these segments through innovative technology and standard-setting [11]

人民财讯8月29日电，波司登在港交所公告，公司谨此提及若干媒体关于公司可能收购Canada Goose Holdings Inc.的相关报道。公司现澄清，相关报道的内容不实，公司亦无任何应披露而未披露的信息。 ...

Core Viewpoint - The company, Bosideng (03998), clarifies that recent media reports regarding a potential acquisition of Canada Goose Holdings Inc. are inaccurate and that there is no undisclosed information that should be revealed [1] Group 1 - The company addresses media speculation about a possible acquisition of Canada Goose Holdings Inc. [1] - The company emphasizes that the reports are false and urges shareholders and potential investors not to rely on market rumors [1] - The company advises that accurate information should be obtained from its official announcements on the Hong Kong Stock Exchange's disclosure website [1]

Core Viewpoint - Bosideng (03998) clarifies that recent media reports regarding a potential acquisition of Canada Goose Holdings Inc. are inaccurate and that the company has no undisclosed information [1] Group 1 - The company advises shareholders and potential investors not to rely on market rumors about the company [1] - The company emphasizes that any information regarding its operations should be based on announcements made on the Hong Kong Stock Exchange's disclosure website [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表 任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任 何責任。 波司登國際控股有限公司 Bosideng International Holdings Limited （於開曼群島註冊成立之有限責任公司） 於本公告日期，執行董事為高德康先生、梅冬女士、黃巧蓮女士、芮勁松先生及高曉東先生； 獨立非執行董事為董炳根先生、王耀先生及魏偉峰博士。 （股份代號：3998） 澄清公告 波司登國際控股有限公司（「本公司」）謹此提及今日若干媒體關於本公司可能收購Canada Goose Holdings Inc.的新聞及報告（「相關報道」）。本公司現澄清，相關報道的內容不實，本公司亦無 任何應披露而未披露的信息。 建議本公司股東及潛在投資者不要依賴有關本公司的市場傳言，有關本公司之信息應以本公司 在香港聯合交易所有限公司披露易網站（ https://www.hkexnews.hk ）刊登的相關公告為準。本公 司股東及潛在投資者於買賣本公司股份時務請審慎行事。 承董事會命 波司登國際 ...

Core Insights - The article discusses the integration of AI in the fashion industry, particularly through Bosideng's "BSD.AI Aesthetic Brain," which utilizes big data to create a digital closed loop from design to virtual clothing [2] - Bosideng's 2024/25 ESG report highlights the company's commitment to sustainable fashion and innovation, providing a framework for understanding the deep value in the clothing industry [2] Group 1: Raw Material Foundation - Bosideng emphasizes a systemic upgrade in comfort and quality, moving beyond traditional metrics like down content and loftiness to a comprehensive approach involving raw material quality and technological innovation [4][5] - The company sources 100% of its down from suppliers certified by the Responsible Down Standard (RDS), ensuring animal welfare and a strict supply chain traceability system [5] - 75% of the down used is OEKO-TEX® certified, ensuring safety for consumers, while 58% meets bluesign® standards, reflecting stringent environmental controls in production [5][6] Group 2: Technological Innovation - Bosideng's commitment to new productive forces is evident in its development of intelligent manufacturing systems and the use of RFID technology throughout the supply chain, enhancing transparency and reducing carbon footprints [10][11] - The company has launched a CIRCULAR series designed for sustainability, achieving a "from garment to garment" recycling goal, demonstrating a commitment to circular economy principles [11] - Bosideng has secured 1498 patents during the ESG report period, showcasing its technological advancements and recognition through multiple international awards [13] Group 3: Quality Control System - Bosideng implements a rigorous quality control system, ensuring that every product undergoes multiple inspections before reaching consumers, with strict standards for product return rates [14][16] - The company has developed a digital management platform for supply chain ESG, fostering a data-driven, collaborative relationship with suppliers to enhance quality stability [14] - Bosideng is a member of the Zero Discharge of Hazardous Chemicals (ZDHC) alliance, aiming for zero harmful chemical emissions in its supply chain by 2030 [15][16] Group 4: Labor Rights and Social Responsibility - Bosideng adheres to international labor standards and has received SA8000 certification, ensuring employee rights are integrated into its operations [17][18] - The company has established a labor relations committee to address employee grievances and promote a harmonious work environment [17] - Bosideng conducts annual assessments of labor rights risks across its operations, continuously improving its labor policies and management effectiveness [18] Group 5: ESG Strategy and Recognition - The ESG report serves as a "second financial report," reflecting the company's comprehensive value assessment and commitment to sustainable fashion [19][21] - Bosideng's ESG strategy includes a framework that integrates consumer orientation and sustainability into its business practices, earning recognition in global sustainability rankings [21] - The article concludes that understanding an ESG report reveals a brand's intrinsic value, transforming consumer purchases into votes for a sustainable future [21]

Group 1 - Bain Capital is considering selling its stake in Canada Goose, with a privatization offer valued at approximately $1.35 billion received [1] - The stock price of Canada Goose has increased by over 16% following the news of the potential sale [1] - Multiple private equity firms and apparel companies have expressed interest in acquiring Canada Goose, including Chinese brand Bosideng and a consortium led by Anta Group [1] Group 2 - Canada Goose's revenue growth has slowed down, with a projected increase of only 1.09% to CAD 1.348 billion for the fiscal year ending March 30, 2025 [2] - Revenue growth rates for Canada Goose from fiscal years 2022 to 2025 were 21.54%, 10.8%, 9.6%, and 1.09% respectively, indicating a downward trend [2] - In the first quarter of fiscal year 2026, Canada Goose reported a revenue increase of 22.4% to CAD 108 million, but net losses widened from CAD 74 million to CAD 125.5 million year-over-year [2]

Group 1 - Bain Capital, the controlling shareholder of Canada Goose, is considering selling its shares, with potential buyers including Bosideng from the Chinese market [1] - Bosideng representatives stated that the company does not comment on market rumors [1]

Group 1 - Recent rumors indicate that private equity firms Hillhouse Capital and Anhong Capital have expressed verbal acquisition intentions for Canada Goose's controlling shareholder, Bain Capital, with an estimated valuation of approximately $1.35 billion [1] - Other potential buyers include a consortium formed by Bosideng, Anta Sports, and FountainVest Partners, which previously collaborated with Anta, Tencent, and the founder of Lululemon to acquire Amer Sports [1] - Canada Goose's market performance has been relatively weak in recent years, with revenue growth slowing significantly from 21.5% in fiscal year 2022 to just 1.1% in fiscal year 2025 [1] Group 2 - Canada Goose reported a 22.4% year-over-year increase in global revenue for the first quarter of fiscal year 2026, reaching CAD 108 million (approximately RMB 561 million), marking the largest increase in nearly nine quarters [2] - The significant growth in the Greater China region was 18.7%, indicating strong market performance [2] - The company is implementing a four-season strategy to diversify its product line beyond winter apparel, introducing items such as sweaters, footwear, and sunglasses to maintain consumer engagement during off-peak seasons [2]