Core Viewpoint - Sa Sa International (00178.HK) expects a significant increase in profit for the six months ending September 30, 2025, projecting earnings of approximately HKD 48.5 million to HKD 50.5 million, representing a year-on-year increase of 50% to 56% compared to HKD 32.4 million for the six months ending September 30, 2024 [1] Group 1 - The increase in profit is primarily attributed to the continuous growth in tourist numbers in Hong Kong and Macau, which has improved local foot traffic [1] - The company has implemented effective marketing strategies and shopping incentives that have successfully attracted customers and enhanced spending, leading to increased transaction numbers and sales in Hong Kong and Macau [1] - The strategic shift to focus on online business development, following the closure of physical stores in response to changes in the retail landscape in mainland China, has strengthened the company's profitability [1]

正面盈利預告 本公告乃根據香港聯合交易所有限公司上市規則第 13.09 條及香港法例第 571 章證券及期貨 條例第 XIVA 部之內幕消息條文(按上市規則定義)而作出。 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通告的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示，概不對因本通告全部或任何部份內容而產生或 因倚賴該等內容而引致之任何損失承擔任何責任。 SA SA INTERNATIONAL HOLDINGS LIMITED 莎莎國際控股有限公司 ( 於開曼群島註冊成立之有限公司 ) (股份代號：178) 於本公告日期，公司之董事為： 執行董事 莎莎國際控股有限公司 (「公司」) 董事會宣佈，根據公司及其附屬公司 (「集團」)初步未經 審核的綜合管理賬目，集團預計截至 2025 年 9 月 30 日止六個月歸屬於公司擁有人的盈利將 錄得大約 48.5 百萬港元至 50.5 百萬港元，按年上升 50%-56%，而截至 2024 年 9 月 30 日 止六個月歸屬於公司擁有人的盈利為 32.4 百萬港元。 集團歸屬於公司擁有人的盈利錄得顯著的提升，主要受惠於: 1 (i) 集團的核心市場 ...

Core Viewpoint - Sasa International is undergoing a critical transformation phase, reporting a sales increase despite challenges in its online operations after closing all offline stores in mainland China [1][2]. Group 1: Financial Performance - For the second fiscal quarter from July 1 to September 30, Sasa International reported a total revenue of HKD 10.308 billion, an increase of 8.4% year-on-year [2]. - Offline sales accounted for approximately 80.2% of total revenue, with offline sales reaching HKD 8.263 billion, a year-on-year growth of 9.4% [2][5]. - Online sales generated HKD 2.045 billion, reflecting a year-on-year increase of 4.9%, representing 19.8% of total revenue [5]. Group 2: Market and Operational Insights - As of September 30, Sasa International operated 157 offline stores, with a net increase of 2 stores, primarily in Hong Kong and Macau [4]. - The company’s core markets remain Hong Kong and Macau, where revenue grew by 10.2% to HKD 7.919 billion during the reporting period [5]. - The Southeast Asian market is identified as a new growth engine, with revenue increasing by 11.2% to HKD 1.189 billion, driven by a 41.3% growth in online sales [5]. Group 3: Challenges and Strategic Focus - In mainland China, Sasa International faced difficulties, with online sales declining by 3.5% to HKD 1.179 billion, although profitability improved year-on-year [7]. - The company is focusing on enhancing its online business and promoting exclusive brands to adapt to changing consumer preferences [7]. - Sasa International has closed all offline stores in mainland China due to the inability to achieve economies of scale, with 14 stores closed by March 31 and the remaining 18 by June 30 [6].

Core Viewpoint - Sasa International (00178) announced the granting of stock options to several directors and employees, which is part of the stock option plan adopted on August 31, 2022 [1] Group 1 - The stock options allow for the subscription of a total of 30.49 million new ordinary shares with a par value of HKD 0.10 each [1] - The effectiveness of the stock options is contingent upon acceptance by the grantees [1]

Group 1 - The core announcement is that Sa Sa International (00178) has granted stock options to several directors and employees under a stock option plan adopted on August 31, 2022 [1] - A total of 30.49 million stock options have been granted, allowing the purchase of new ordinary shares with a par value of HKD 0.10 each [1] - The stock options will only be valid upon acceptance by the grantees [1]

Core Viewpoint - Sasa International (00178.HK) announced the granting of 30.49 million stock options to certain directors and employees, which can be exercised to subscribe for a total of 30.49 million new ordinary shares at a par value of HKD 0.10 each, pending acceptance by the grantees [1] Summary by Category - **Stock Options Granted** - The company granted a total of 30.49 million stock options to various directors and employees [1] - The stock options are linked to the subscription of 30.49 million new ordinary shares [1] - Each new ordinary share has a par value of HKD 0.10 [1] - **Conditions for Validity** - The stock options will only be valid upon acceptance by the grantees [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 容而引致之任何損失承擔任何責任。 授出日期 : 2025年10月8日 授出購股權總數 : 30,490,000 股購股權，其持有人有權按每 授出購股權的行使價 : 每股0.65港元 SA SA INTERNATIONAL HOLDINGS LIMITED 莎莎國際控股有限公司 ( 於開曼群島註冊成立之有限公司 ) (股份代號：178) 授出購股權 本公告乃根據香港聯合交易所有限公司證券上市規則（「上市規則」）第 17.06A 條而作出。 莎莎國際控股有限公司(「本公司」，及其附屬公司「集團」)的董事會謹此宣佈，於 2025 年 10 月 8 日(「授出日期」)，根據本公司於 2022 年 8 月 31 日採納的購股權計劃（「2022 年購 股權計劃」）授出購股權（「購股權」）予集團的若干董事及僱員(「承授人」)，該等購股權附 有權利可認購合共 30,490,000 股本公司每股面值 0.10 港元的新普通股（「股份」），惟須待承 授人接 ...

Group 1 - Sasa International's stock price increased by over 8% in early trading, reaching a current increase of 6.45% at HKD 0.66 [1]

Core Viewpoint - Sa Sa International (00178) reported a significant increase in overall revenue for the second quarter, indicating positive growth trends in both offline and online sales [1] Group 1: Financial Performance - The overall revenue for the group from July 1 to September 30, 2025, reached HKD 1.031 billion, representing an 8.4% year-on-year increase [1] - Offline sales amounted to HKD 826 million, showing a year-on-year growth of 9.4%, which accounted for 80.2% of the total revenue [1] - Online sales generated HKD 205 million, with a year-on-year increase of 4.9%, making up 19.8% of the total revenue [1] Group 2: Market Reaction - Following the announcement, Sa Sa International's stock price surged over 8% in early trading, with a current increase of 6.45%, trading at HKD 0.66 [1] - The trading volume reached HKD 10.6961 million, reflecting strong investor interest [1]

Core Viewpoint - Sa Sa International (00178) reported a significant increase in overall revenue for the second quarter, indicating positive growth trends in both offline and online sales [1] Group 1: Financial Performance - The overall revenue for the group from July 1 to September 30, 2025, reached HKD 1.031 billion, representing an annual increase of 8.4% [1] - Offline sales amounted to HKD 826 million, showing a year-on-year growth of 9.4%, which accounted for 80.2% of the total revenue [1] - Online sales generated HKD 205 million, with a year-on-year increase of 4.9%, making up 19.8% of the total revenue [1]