Core Insights - Bosideng appointed Kim Jones as the new creative director for the newly established high-end urban line AREAL, simultaneously launching the AREAL series [1] Company Developments - Kim Jones has previously served as the artistic director for Dior men's wear and Louis Vuitton men's wear, indicating a strong background in high fashion [1]

Core Viewpoint - Bosideng has appointed renowned British designer Kim Jones as the creative director of its newly established AREAL high-end urban line, marking a significant step in the company's strategy to elevate its brand image and product offerings [1][3]. Group 1: Appointment of Kim Jones - Kim Jones, previously the artistic director for men's wear at Dior and Louis Vuitton, has been appointed by Bosideng to lead the AREAL line [1][3]. - Jones is recognized for his successful collaborations, including a notable partnership with Supreme that generated direct profits of €3.64 billion for LVMH [3]. Group 2: Bosideng's Brand Strategy - Bosideng has shifted its focus towards high-end positioning since 2018, which includes upgrading product positioning, technological innovation, and internationalization [4]. - The company plans to elevate its main product price range to between 1,500 to 2,500 yuan by 2025, with its high-end series "Dengfeng" being the first domestic down jacket brand to exceed the 10,000 yuan price point [4]. Group 3: Financial Performance - Bosideng reported a revenue of 25.902 billion yuan for the fiscal year ending March 31, 2025, reflecting a year-on-year growth of 11.58% [5]. - The net profit attributable to shareholders increased by 14.31% to 3.514 billion yuan during the same period [5].

Group 1 - The core point of the article is the appointment of renowned British designer Kim Jones as the creative director of the newly established AREAL high-end urban line at Bosideng, following his departure from Dior earlier this year [1] - Kim Jones previously held the position of artistic director for men's wear at Dior and has also served as the artistic director for men's wear at Louis Vuitton [1]

10月20日，波司登任命著名英国设计师 Kim Jones 为新创设的 AREAL 高级都市线创意总监，并推出 AREAL 高级都市线。Kim Jones 曾担任 LVMH集团旗下的法国奢侈品牌 Dior（迪奥）的男装艺术总 监，今年1月离职。此前，他还曾担任路易威登男装艺术总监。 ...

Core Insights - The 2025 Sustainable Global Leaders Conference was held in Shanghai, focusing on global action, innovation, and sustainable growth, co-hosted by the World Green Design Organization and Sina Group [1] Group 1: ESG Development Strategy - The company emphasizes a strategic approach to build ESG development competitiveness, having invested in environmental initiatives since 2000, including a 10 million yuan fund for river protection [2] - In 2024, the company established a 1+3+X ESG strategic framework, focusing on consumer orientation and setting clear phased goals for sustainable fashion [2] Group 2: Product Innovation - The company integrates sustainable low-carbon and circular fashion concepts throughout its product value chain, making responsibility a core principle of fashion [3] - It has developed eco-friendly protective fabrics with over 70% bio-content and achieved 100% Responsible Down Standard (RDS) certification for its down products [3] Group 3: Carbon Neutrality Goals - The company aims for net-zero carbon emissions through technological innovation and management optimization, including the development of an intelligent manufacturing system to enhance energy efficiency [4] Group 4: Human-Centric Approach - The ultimate goal of sustainable fashion is human development, with the company fostering an inclusive workplace culture and engaging in social welfare initiatives since its early years [5] - The company is committed to the global development initiative and UN Sustainable Development Goals, aiming to lead sustainable fashion with a focus on consumer needs and contribute to the global fashion industry's sustainable development [5]

Core Viewpoint - Tambor Group Co., Ltd. has submitted an IPO application to the Hong Kong Stock Exchange, aiming to capitalize on its growth as the fourth largest domestic outdoor apparel brand in China, with annual sales exceeding 1 billion RMB [4][10]. Company Background - Founded by a couple from Sichuan, Tambor started from a small down jacket factory and has expanded its reach nationwide, initially focusing on affordable leisurewear to compete with high-end brands like Bosideng and Canada Goose [6][7]. - The company faced challenges after its initial public offering on the New Third Board in 2015, leading to a decline in revenue from approximately 660 million RMB in 2012 to 370 million RMB in 2016 due to insufficient marketing and brand recognition [7]. Business Transformation - In 2022, Tambor began transitioning to an outdoor brand, launching multifunctional apparel and becoming the official off-field apparel supplier for the Austrian Nordic Ski Team in 2024 [7][10]. - The company has redefined itself as a professional outdoor apparel brand, offering three product lines: top outdoor, sports outdoor, and urban light outdoor, with price ranges from 699 RMB to 3299 RMB [8][10]. Financial Performance - Tambor's revenue is projected to grow from 732 million RMB in 2022 to 1.3 billion RMB in 2024, with net profits of 86 million RMB, 139 million RMB, and 107 million RMB for the same years [10][11]. - The urban light outdoor series remains the primary revenue driver, accounting for 70% of total revenue in the previous year, while the top outdoor and sports outdoor series are gradually increasing their contributions [10][11]. Sales Channels - Online sales have surged, with a 79.6% increase expected in 2024, contributing approximately 52.7% of total revenue, while offline sales have stagnated, leading to a reduction in the number of physical stores [12]. - The company relies heavily on third-party manufacturers for over 90% of its products, which has led to increased costs and pressure on profit margins [12].

Core Viewpoint - Bosideng (03998) announced the issuance of 1.856 million shares on October 16, 2025, under its share scheme [1] Group 1 - The company plans to issue a total of 1.856 million shares [1]

Core Viewpoint - Bosideng (03998) announced the issuance of 1.856 million shares under its share scheme on October 16, 2025 [1] Group 1 - The company plans to issue a total of 1.856 million shares [1]

Core Viewpoint - Bosideng (03998.HK) announced the issuance of 1.856 million shares under its stock option plan on October 16, 2025 [1] Related Events - Bosideng (03998.HK) issued 1.77 million shares under its stock option plan [1]

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 波司登國際控股有限公司 呈交日期： 2025年10月16日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 FF305 B. 贖回/購回股份 (擬註銷但截至期終結存日期尚未註銷) (註5及6) | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) | 03998 | 說明 | 不適用 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | | 已發行股份 ...