Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

Incorporated in Bermuda with limited liability

website:http://www.stelux.com

Stock Code: 84

UNAUDITED OPERATIONAL UPDATE

FOR THE FIRST QUARTER ENDED 30 JUNE 2020

Financial Highlights

Group Retail Turnover and Segment Retail Turnover

Group Retail Turnover

Number of shops

3 months ended

as at

30 Jun 2020

30 Jun 2019

Change

30 Jun 2020

30 Jun 2019

(HK$ millions)

(HK$ millions)

"City Chain" - Watch Retail

Greater China

54.4

167.1

-67.4%

83

102

Southeast Asia

23.8

68.2

-65.1%

93

106

Total

78.2

235.3

-66.8%

176

208

* For identification purpose only

Stelux Holdings International Limited (the "Company") announces the unaudited operational update of the retail turnover of the Company and its subsidiaries (collectively, the "Group") for the first quarter ended 30 June 2020.

The Group reported a y-o-y 66.8% decrease in retail turnover of HK$78.2 million for the three months ended 30 June 2020 mainly due to the impact of the COVID-19 pandemic as physical stores in several operating regions were temporarily closed with lockdowns and movement controls imposed by individual governments.

The Board wishes to remind investors that the information contained in this announcement represents a preliminary assessment based on the management accounts of the Group and such information has not been confirmed or audited by the Company's auditors.

Shareholders of the Company and potential investors are advised to exercise caution when dealing with shares of the Company.

On behalf of the Board

Joseph C. C. Wong

Chairman and Chief Executive Officer

- 1 -

Hong Kong, 30 July 2020

Directors of the Company as at the date hereof:

Executive directors:

Chumphol Kanjanapas (also known as Joseph C. C. Wong) (Chairman and Chief Executive Officer) and Wallace Kwan Chi Kin (Chief Financial Officer)

Non-Executive directors:

Wu Chun Sang (independent), Lawrence Wu Chi Man (independent) and Agnes Kwong Yi Hang (independent)

- 2 -

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Stelux Holdings International Limited published this content on 30 July 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 July 2020 09:15:17 UTC