Embry Holdings Limited reported sales results for the second quarter and six months ended June 2023. During the period from April to June 2023 (the "Q2 Period"), overall sales of the Group for the Second Quarter Period stayed flat as compared to the same period of last year, mainly attributable to the depreciation of Renminbi during the Second Quarter Period, whereas at constant exchange rate, the Group's sales from the mainland China market increased by around 5% as compared to the same period of last year. During the Second Quarter Period, for stores that had been in operation for more than 18 months, same store sales recorded a single-digit decrease year on year.

As at the end of June 2023, there were a total of 1,039 retail outlets, comprising 872 concessionary counters and 167 retail shops. The number of retail outlets net decreased by 45 as compared to the end of December last year. Since the Group has been in the process of adjusting its sales network, the Group will continue to close stores with lower efficiency during 2023 to enhance overall operational efficiency.