佐丹奴國際：2023 年報

(Incorporated in Bermuda with limited liability 於百慕達註冊成立之有限公司)2023目錄CONTENTSGIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司1ANNUAL REPORT 2023年報十年財務與業務摘要2Ten-Year Financial and Operation Highlights公司資料4Corporate Information主席報告書6The Chairman’s Statement管理層之論述及分析8Management Discussion and Analysis董事及高級管理人員簡介20Directors and Senior Management Profiles企業管治報告書26Corporate Governance Report董事會報告書56Directors’ Report獨立核數師報告書66Independent Auditor’s Report合併利潤表73Consolidated Income Statement合併綜合收益表74Consolidated Statement of Comprehensive Income合併資產負債表75Consolidated Balance Sheet合併現金流量表77Consolidated Cash Flow Statement合併權益變動表79Consolidated Statement of Changes in Equity財務報表附註81Notes to the Financial Statements購股權資料169Share Option Information投資者參考資料176Information for Investors附錄 – 環境、社會及管治報告書ESG.1Appendix – Environmental, Social and Governance Report2 GIORDANOINTERNATIONALLIMITEDANNUAL REPORT 2023年報佐丹奴國際有限公司十年財務與業務摘要TEN-YEARFINANCIALANDOPERATIONHIGHLIGHTS（除特別註明外，以百萬港元為單位） (In HK$ million unless otherwise specified) 2023202220212020201920182017201620152014 收入Revenue 3,873 3,799 3,380 3,1224,8525,509 5,412 5,1455,3815,545毛利Gross profit 2,263 2,146 1,930 1,7362,8463,250 3,221 3,0553,0973,214毛利率Gross margin 58.4% 56.5% 57.1% 55.6% 58.7% 59.0% 59.5% 59.4% 57.6% 58.0%經營溢利（虧損）（附註3） Operating profit (loss) (Note 3) 503 425 263 (105) 397625 689 568556542經營利率（附註3） Operating margin (Note 3) 13.0% 11.2% 7.8% -3.4% 8.2% 11.3% 12.7% 11.0% 10.3% 9.8%EBITDA（附註3） EBITDA (Note 3) 1,015 913 811 5551,183821 874 748743760EBITDA溢利率（附註3） EBITDA margin (Note 3) 26.2% 24.0% 24.0% 17.8% 24.4% 14.9% 16.1% 14.5% 13.8% 13.7%本公司股東應佔溢利（虧損）（附註3） Profit (loss) attributable to shareholders of the Company (Note 3) 345 268 190 (112) 230480 500 434426408淨利率（附註3） Net profit margin (Note 3) 8.9% 7.1% 5.6% -3.6% 4.7% 8.7% 9.2% 8.4% 7.9% 7.4%平均資產總額回報率（附註3及4） Return on average total assets (Note 3 and 4) 9.9% 8.0% 5.2% -2.3% 6.2% 12.8% 13.5% 12.2% 11.5% 11.0%平均本公司股東應佔權益回報率（附註3及5） Return on average equity attributable to shareholders of the Company (Note 3 and 5) 15.3% 11.4% 7.8% -4.4% 8.5% 16.8% 17.5% 15.2% 14.5% 13.8% 現金及銀行結存減銀行貸款Cash and bank balances less bank loans 905 948 875 1,1049941,017 1,167 1,0951,076915營運資金（附註3） Working capital (Note 3) 639 890 960 9167141,465 1,526 1,4101,4051,401資產總額（附註3） Total assets (Note 3) 3,856 4,008 4,208 4,3835,1964,124 4,322 4,1143,8473,857負債總額（附註3） Total liabilities (Note 3) 1,544 1,486 1,645 1,7522,3491,115 1,181 1,147881773存貨Inventories 474 612 606 434548552524447491514存貨對成本流轉日數（日）（附註1） Inventory turnover on costs (days) (Note 1) 108 135 153 115 100 89 87 78 78 80 流動比率（倍數）（附註3） Current ratio (times) (Note 3) 1.6 1.8 1.9 1.8 1.4 2.5 2.5 2.4 2.9 3.1 每股盈利（虧損） —基本（港仙） Earnings (loss) per share — Basic (HK cents) 21.60 17.00 12.00 (7.10) 14.60 30.50 31.80 27.70 27.10 26.00 每股股息（港仙） Dividend per share (HK cents) 30.50 23.50 16.50 10.00 14.60 33.50 35.00 27.50 27.00 25.00 派息比率Dividend payout ratio 141.3% 138.2% 137.5%不適用NA 100.0% 109.8% 110.1% 99.3% 99.6% 96.2%市場流通股份數目（千股） Number of shares outstanding (in thousands) 1,613,417 1,579,817 1,578,937 1,577,631 1,578,501 1,578,501 1,570,631 1,570,9531,570,3951,569,913市值總額Market capitalization 4,259 2,733 2,353 1,798 3,709 5,840 6,534 6,582 5,701 5,400 年末門市數目Stores as at year end直營店Direct-operated stores 1,055 1,083 1,134 1,209 1,274 1,323 1,349 1,364 1,385 1,451 加盟店（附註2） Franchised stores (Note 2) 767 791 922 976 1,101 1,103 1,065 1,033 986 1,001 全球門市總數Total stores worldwide 1,822 1,874 2,056 2,185 2,375 2,426 2,414 2,397 2,371 2,452 附註：1.年末持有之存貨除以銷售成本乘以年內日數2.由一間南韓合營公司、科威特及卡塔爾（2015年及以前年度）、越南（2017年及以前年度）及第三者加盟商所營運之市場門市3.2018年及之前年度之數字並未因採納香港財務報告準則第16號租賃而作出調整4.本年度除所得稅後溢利除以期初及期末資產總值的平均結餘5.股東佔所得稅後溢利除以期初及期末本公司股東應佔權益的平均結餘Notes:1. Inventory held at year end divided by cost of sales and multiplied by number of days in the year2. Stores in markets operated by a joint venture in South Korea, Kuwait and Qatar (prior to year 2015), Vietnam (prior to year 2017), and third-party franchisees3. The adoption impact of Hong Kong Financial Reporting Standards 16 Leases are not reflected in the years in and prior to 20184. Profit after income taxes for the year divided by average of opening and closing balance of total assets5. Profit after income taxes for the year attributable to shareholders of the Company divided by average of opening and closing balance of equity attributable to shareholders of the CompanyANNUAL REPORT 2023年報GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司十年財務與業務摘要TEN-YEARFINANCIALANDOPERATIONHIGHLIGHTS3（除特別註明外，以百萬港元為單位） (In HK$ million unless otherwise specified) 2023202220212020201920182017201620152014 收入Revenue 3,873 3,799 3,380 3,1224,8525,509 5,412 5,1455,3815,545毛利Gross profit 2,263 2,146 1,930 1,7362,8463,250 3,221 3,0553,0973,214毛利率Gross margin 58.4% 56.5% 57.1% 55.6% 58.7% 59.0% 59.5% 59.4% 57.6% 58.0%經營溢利（虧損）（附註3） Operating profit (loss) (Note 3) 503 425 263 (105) 397625 689 568556542經營利率（附註3） Operating margin (Note 3) 13.0% 11.2% 7.8% -3.4% 8.2% 11.3% 12.7% 11.0% 10.3% 9.8%EBITDA（附註3） EBITDA (Note 3) 1,015 913 811 5551,183821 874 748743760EBITDA溢利率（附註3） EBITDA margin (Note 3) 26.2% 24.0% 24.0% 17.8% 24.4% 14.9% 16.1% 14.5% 13.8% 13.7%本公司股東應佔溢利（虧損）（附註3） Profit (loss) attributable to shareholders of the Company (Note 3) 345 268 190 (112) 230480 500 434426408淨利率（附註3） Net profit margin (Note 3) 8.9% 7.1% 5.6% -3.6% 4.7% 8.7% 9.2% 8.4% 7.9% 7.4%平均資產總額回報率（附註3及4） Return on average total assets (Note 3 and 4) 9.9% 8.0% 5.2% -2.3% 6.2% 12.8% 13.5% 12.2% 11.5% 11.0%平均本公司股東應佔權益回報率（附註3及5） Return on average equity attributable to shareholders of the Company (Note 3 and 5) 15.3% 11.4% 7.8% -4.4% 8.5% 16.8% 17.5% 15.2% 14.5% 13.8% 現金及銀行結存減銀行貸款Cash and bank balances less bank loans 905 948 875 1,1049941,017 1,167 1,0951,076915營運資金（附註3） Working capital (Note 3) 639 890 960 9167141,465 1,526 1,4101,4051,401資產總額（附註3） Total assets (Note 3) 3,856 4,008 4,208 4,3835,1964,124 4,322 4,1143,8473,857負債總額（附註3） Total liabilities (Note 3) 1,544 1,486 1,645 1,7522,3491,115 1,181 1,147881773存貨Inventories 474 612 606 434548552524447491514存貨對成本流轉日數（日）（附註1） Inventory turnover on costs (days) (Note 1) 108 135 153 115 100 89 87 78 78 80 流動比率（倍數）（附註3） Current ratio (times) (Note 3) 1.6 1.8 1.9 1.8 1.4 2.5 2.5 2.4 2.9 3.1 每股盈利（虧損） —基本（港仙） Earnings (loss) per share — Basic (HK cents) 21.60 17.00 12.00 (7.10) 14.60 30.50 31.80 27.70 27.10 26.00 每股股息（港仙） Dividend per share (HK cents) 30.50 23.50 16.50 10.00 14.60 33.50 35.00 27.50 27.00 25.00 派息比率Dividend payout ratio 141.3% 138.2% 137.5%不適用NA 100.0% 109.8% 110.1% 99.3% 99.6% 96.2%市場流通股份數目（千股） Number of shares outstanding (in thousands) 1,613,417 1,579,817 1,578,937 1,577,631 1,578,501 1,578,501 1,570,631 1,570,9531,570,3951,569,913市值總額Market capitalization 4,259 2,733 2,353 1,798 3,709 5,840 6,534 6,582 5,701 5,400 年末門市數目Stores as at year end直營店Direct-operated stores 1,055 1,083 1,134 1,209 1,274 1,323 1,349 1,364 1,385 1,451 加盟店（附註2） Franchised stores (Note 2) 767 791 922 976 1,101 1,103 1,065 1,033 986 1,001 全球門市總數Total stores worldwide 1,822 1,874 2,056 2,185 2,375 2,426 2,414 2,397 2,371 2,452 附註：1.年末持有之存貨除以銷售成本乘以年內日數2.由一間南韓合營公司、科威特及卡塔爾（2015年及以前年度）、越南（2017年及以前年度）及第三者加盟商所營運之市場門市3.2018年及之前年度之數字並未因採納香港財務報告準則第16號租賃而作出調整4.本年度除所得稅後溢利除以期初及期末資產總值的平均結餘5.股東佔所得稅後溢利除以期初及期末本公司股東應佔權益的平均結餘4 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司公司資料CORPORATEINFORMATIONANNUAL REPORT 2023年報董事會執行董事劉國權（主席兼行政總裁）陳嘉緯羅學文非執行董事曾安業李志軒獨立非執行董事畢滌凡黃旭Alison Elizabeth LLOYD集團法律總監及公司秘書羅學文審核委員會畢滌凡（主席）黃旭Alison Elizabeth LLOYD薪酬委員會黃旭（主席）劉國權畢滌凡提名委員會劉國權（主席）畢滌凡黃旭Alison Elizabeth LLOYD管理委員會劉國權（主席）陳嘉緯羅學文Ishwar Bhagwandas CHUGANI授權代表劉國權羅學文BOARDOFDIRECTORSExecutive DirectorsLAUKwok Kuen, Peter (Chairman and Chief Executive)CHANKa WaiMark Alan LOYNDNon-Executive DirectorsTSANGOn Yip, PatrickLEEChi Hin, JacobIndependent Non-Executive DirectorsBarry John BUTTIFANTWONGYuk (alias, HUANGXu)Alison Elizabeth LLOYDGENERALCOUNSELANDCOMPANYSECRETARYMark Alan LOYNDAUDITCOMMITTEEBarry John BUTTIFANT (Chairman)WONGYuk (alias, HUANGXu)Alison Elizabeth LLOYDREMUNERATIONCOMMITTEEWONGYuk (alias, HUANGXu) (Chairman)LAUKwok Kuen, Peter Barry John BUTTIFANTNOMINATIONCOMMITTEELAUKwok Kuen, Peter (Chairman)Barry John BUTTIFANT WONGYuk (alias, HUANGXu) Alison Elizabeth LLOYDMANAGEMENTCOMMITTEELAUKwok Kuen, Peter (Chairman)CHANKa Wai Mark Alan LOYNDIshwar Bhagwandas CHUGANIAUTHORIZEDREPRESENTATIVESLAUKwok Kuen, Peter Mark Alan LOYNDGIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司公司資料CORPORATEINFORMATION5ANNUAL REPORT 2023年報獨立核數師執業會計師及註冊公眾利益實體核數師羅兵咸永道會計師事務所律師香港律師禮德齊伯禮律師行中國律師高信德律師事務所註冊辦事處Clarendon House,2 Church Street,Hamilton, Pembroke, HM11,Bermuda香港主要營業地點香港九龍長沙灣道777至779號天安工業大廈5樓股份過戶登記總處MUFGFund Services (Bermuda) Limited 4th Floor North, Cedar House41 Cedar AvenueHamilton HM 12 Bermuda香港股份過戶登記分處卓佳雅柏勤有限公司香港夏愨道16號遠東金融中心17樓主要往來銀行中國建設銀行（亞洲）股份有限公司恒生銀行有限公司三菱日聯銀行株式會社渣打銀行（香港）有限公司香港上海匯豐銀行有限公司網址INDEPENDENTAUDITORCertified Public Accountants and Registered Public Interest Entity AuditorPricewaterhouseCoopersLAWYERSHong Kong lawyerReed Smith Richards Butler LLPPRC lawyerGaoXinDe Law FirmREGISTEREDOFFICEClarendon House,2 Church Street,Hamilton, Pembroke, HM11,BermudaPRINCIPALPLACEOFBUSINESSINHONGKONG5th Floor, Tin On Industrial Building777–779 Cheung Sha Wan RoadKowloonHong KongPRINCIPALSHAREREGISTRARANDTRANSFEROFFICEMUFGFund Services (Bermuda) Limited 4th Floor North, Cedar House41 Cedar AvenueHamilton HM 12 BermudaHONGKONGBRANCHSHAREREGISTRARAND TRANSFEROFFICETricor Abacus Limited 17/F, Far East Finance Centre 16 Harcourt Road, Hong KongPRINCIPALBANKERSChina Construction Bank (Asia) Corporation LimitedHang Seng Bank LimitedMUFGBank Ltd.Standard Chartered Bank (Hong Kong) LimitedThe Hongkong and Shanghai Banking Corporation LimitedWEBSITE6 GIORDANOINTERNATIONALLIMITEDANNUAL REPORT 2023年報佐丹奴國際有限公司主席報告書THECHAIRMAN’SSTATEMENT儘管於通脹高企、利率上升及消費者情緒低迷的環境下，公司錄得淨溢利3.45億港元，較去年相比上升28.7%。

根據本集團於2018年11月8日公佈的股息政策，董事會建議派付末期股息每股13.5港仙，年內股息總額為每股30.5港仙，上升29.8%。

我們已採取一個包含四個重點的長期大策略。

首先，我們確認需要把市場分散，從而減少地緣經濟風險。

大約三十年前，我們進軍中東、東南亞、東亞及其他地區的市場。

雖然當中大部分項目的成果顯著，於不同市場上佔了重要席位，但有些卻未如理想。

然而，我們獲得了對國際業務發展的寶貴見解。

策略的成功於這些艱難時刻為公司的盈利能力帶來幫助。

隨著我們一路前進，我們將誠懇追求新興市場的特許經營。

其次，公司堅信，在波動的零售業內，「現金為王」。

我們一直沿用精益營運資金策略，例如嚴格的成本及存貨控制。

於過去一年，我們有系統地並大幅減少我們的存貨水平，亦提升了我們的可變成本比率。

這些努力成果為我們的股東騰出現金，亦使管理層有必要專注於產品創新、定價完整性、流程再造及市場投資。

第三，我們的增長策略為實際而非機會主義，包含了「專精一事」的座右銘。

我們的專業領域為產品質素及客戶服務，且我們不應放棄並應繼續改善。

品牌升級需循序漸進，不能急於一時，否則我們的客戶將感到困惑。

新品牌就如潮流般來來去去，能夠一直向客戶遵守承諾的品牌才能得以長存。

善變、貪婪且機會主義的品牌並不能持續，只會令客戶感到失望並摧毀股東價值。

Despite high inf lat ion, r is ing interest rates, and subdued consumer sentiment, your company achieved a net profit of HK$345 million, an increase of 28.7% from last year. In line with the Group’s Dividend Policy published on November 8,2018, the Board of Directors has recommended a final dividend of 13.5 HK cents per share, bringing the total dividend for the year to 30.5 HK cents per share, an increase of 29.8%.We have adopted a long-term grand strategy comprising four legs.First, we recognized that we needed to diversify markets to mit igate geo-economical r isks. About three decades ago, we ventured into the Middle East, Southeast Asia, East Asia and beyond. While most of these initiatives have paid off with a significant presence in these markets, some failed, but in return we gained invaluable insight into international business development. The strategy’s success has helped the company’s profitability during these difficult times. As we advance, we will earnestly pursue franchising in emerging markets.Second, the company firmly believes that “cash is king” in the volatile retail industry. We have followed a lean working capital strategy, evidenced by strict cost and inventory controls. During the past year, we systematically and significantly reduced our inventory levels and increased our variable cost ratio. These efforts have freed up cash for our shareholders and necessitated management to focus on product innovation, pricing integrity, process reengineering, and marketing investments.Third, our growth strategy is realistic and not opportunistic. It entails the motto “sticking to your knitting”. Our expertise is product quality and customer service. We should not give up on them, but continue to improve them. Brand upgrades should be gradual, not sudden; the latter would confuse our customers. New brands come and go like fads; long-lasting brands are those that continue to deliver their brand promises to customers. A fickle, greedy and opportunistic brand is not sustainable and would only disappoint customers and destroy shareholder value.ANNUAL REPORT 2023年報GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司主席報告書THECHAIRMAN’SSTATEMENT7最後，我們的第四項策略乃關於企業管治及社會責任。

公司確認持份者身份並觀察最佳的企業管治可能。

我們視員工及供應商為平等伙伴。

即使不完美，我們仍言行一致。

如你們所知，來年將充滿著前所未見的不穩定因素及不可預視的挑戰。

本集團的大策略將能應對它們。

我們於大中華、海灣阿拉伯國家合作委員會及東南亞這三個地區均具長遠前景。

大中華暫時正面對困境，即意味著重新塑造市況的可能。

我們的策略為適應。

基本經濟學說明所有事物均與供求有關。

戰略思想家觀察到「3C」—即消費者、競爭及公司。

市場理論教會我們互相影響的「4P」—即產品、價格、通路及促銷，且將隨著營運環境改變而非一成不變。

很多營銷者都不會靈活變通，但我們會。

展望將來，我誠心感謝我們致力工作的員工、忠誠的業務伙伴以及全力支持堅定相信公司的股東。

我亦為董事所作出的明智意見表達謝意。

Last, but not least, our fourth strategy is about corporate governance and social responsibility. Your company recognizes its stakeholders and observes the best corporate governance possible. We treat our staff and suppliers as equal partners. While not perfect, we both talk and walk it.As you know, the years ahead are filled with unprecedented uncertainties and, therefore, unforeseen challenges. The Group’s grand strategy can handle them.Our three theatres of Greater China, the Gulf Cooperation Council and Southeast Asia all offer long-term promise. Greater China is temporarily facing difficulties, which could mean reshaping market condit ions. Our tact ic there is adaptat ion. Basic economics tells us that all things are about supply and demand. Strategic thinkers observe the “3Cs” of consumer, competition and company. Marketing theory teaches us the interacting “4Ps” of product, price, place and promotion, which vary according to the operating environment, rather than unchanged. Many marketers are inflexible, but we aren’t.As we look ahead, I sincerely thank our dedicated staff, loyal business partners, and support ive shareholders for their unwavering trust in the company. I should also thank the directors for their wise counsel.8 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司管理層之論述及分析MANAGEMENTDISCUSSIONANDANALYSISANNUAL REPORT 2023年報MANAGEMENTDISCUSSIONANDANALYSISOF GROUPRESULTSOFOPERATIONSANDFINANCIAL POSITIONUnless otherwise stated, the following commentaries refer to the year-on-year (“YOY”) comparison for the years ended December 31,2023, and 2022.OVERVIEW■ The Group is an in ternat iona l appare l re ta i le r w i th owned, franchised, and licensed brands. We offer high-quality, value-for-money, and easy-to-wear apparel and accessories through a network of approximately 1,800 points-of-sale or 1,816,000 sq. ft. of retail floor space. The Group’s merchandise is also available through an extensive network of proprietary e-shops and third-party platforms.■ Group revenue increased by 3.8% based on constant dollars, but only 1.9% to HK$3,873 million (2022: HK$3,799 million) when translated to Hong Kong dollars. The first-half growth was 5% as the COVID-19 adversity only began to dissipate in the second quarter of 2022. The gradual sales recovery continued in the second half of 2022, thus dwarfing the 2023 second-half relative growth rate.■ Group gross margin improved by 1.9 percentage points. The retail gross margin was 60.6% (2022: 59.5%).■ Operating expense-to-revenue ratio was maintained at 47.2%, reflecting the Group’s continued cost control after COVID-19.■ Net profit attributable to the Company’s shareholders was HK$345 mill ion (2022: HK$268 mill ion), an increase of 28.7%.■ The Company’s Board of Directors recommended a final dividend of 13.5 HK cents per share (2022: 15.0 HK cents per share) to reach a total dividend of 30.5 HK cents per share for the year (2022: 23.5 HK cents), representing an increase of 29.8%. The final dividend payable, if approved, will amount to approximately HK$218 million.■ Inventory turnover on cost declined by 27 days to 108 days. Further reduction is possible as we continue to focus on pricing power instead of volume sales. Inventories at year-end were HK$474 million (2022: HK$612 million). The franchising model adopted for international expansion also economizes the Group’s use of funds.■ The cash and bank balances, net of bank loans, were HK$905 million on December 31,2023 (2022: HK$948 million). Capital expenditure during the year was HK$87 million (2022: HK$66 million).管理層對本集團經營業績及財務狀況之論述及分析除非另行說明，以下論述均指本集團截至2023年及2022年12月31日止年度之按年比較。

概覽■本集團為國際服裝零售商，擁有眾多自有、加盟及授權經營之品牌。

我們透過約1,800個銷售點或1,816,000平方尺之零售空間組成之網絡，提供優質、物有所值且易於穿搭的服裝和配飾。

本集團的商品亦能透過以自營網店及第三方線上平台組成的廣大網絡上購買。

■本集團收入按固定匯率計算增長3.8%，而兌換至港元後僅增1.9%至38.73億港元（2022年：37.99億港元）。

上半年增長為5%，乃由於2019冠狀病毒病所造成的逆境到2022年第二季度才開始消退。

2022年下半年銷售開始逐步恢復，從而削弱2023年下半年的相對增長率。

■本集團毛利率提高1.9個百分點。

零售毛利率為60.6%（2022年：59.5%）。

■經營費用對收入比率維持在47.2%，反映於2019冠狀病毒病結束後，本集團持續的成本控制。

■本公司股東應佔淨溢利為3.45億港元（2022年：2.68億港元），上升28.7%。

■本公司董事會建議派發末期股息每股13.5港仙（2022年：每股15.0港仙），全年總股息為每股30.5港仙（2022年：23.5港仙），即上升29.8%。

如獲批准，末期股息應付金額將約為2.18億港元。

■存貨對成本流轉日數下降27天至108天。

日數將可能進一步減少，乃因我們繼續著重於定價能力而非銷量。

年末存貨為4.74億港元（2022年：6.12億港元）。

國際化擴張所採用的特許經營模式也節省了本集團資金的使用。

■於2023年12月31日的現金及銀行結餘（扣除銀行貸款後）為9.05億港元（2022年：9.48億港元）。

本年度的資本開支為8,700萬港元（2022年：6,600萬港元）。

GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司9管理層之論述及分析MANAGEMENTDISCUSSIONANDANALYSISANNUAL REPORT 2023年報經營業績表1：本集團經營業績（以百萬港元為單位） (In HK$ million) 2023佔收入百分比% to revenue 2022佔收入百分比% to revenue變動Change 本集團收入1 Group revenue1 3,873 100.0% 3,799 100.0% 1.9% 毛利Gross profit 2,263 58.4% 2,146 56.5% 5.5% 其他收入及收益，淨額Other income and other gains, net 68 1.8% 72 1.9% (5.6%)經營費用Operating expense (1,828) (47.2%) (1,793) (47.2%) 2.0% 經營溢利Operating profit 503 13.0% 425 11.2% 18.4% 應佔一間合營公司溢利Share of profit of a joint venture 45 1.2% 36 0.9% 25.0% 融資費用Finance expense (40) (1.0%) (25) (0.6%) 60.0% 所得稅Income taxes (119) (3.1%) (107) (2.8%) 11.2% 非控制性權益應佔除所得稅後溢利Profit after income tax attributable to non-controlling interests (44) (1.2%) (61) (1.6%) (27.9%) 股東應佔除所得稅後溢利Profit after income tax attributable to shareholders 345 8.9% 268 7.1% 28.7% 本集團同店銷售額2 Group same-store sales2 2,819 2,638 6.9% 全球品牌銷售額3 Global brand sales3 4,746 4,620 2.7% 全球品牌毛利3 Global brand gross profit3 2,964 2,878 3.0% 年末現金及銀行結存淨額Cash and bank balances, net of bank loans at year-end 905 948 (4.5%)年末存貨Inventories at year-end 474 612 (22.5%)存貨對成本流轉日數4 Inventory turnover on cost, days4 108 135 (27)年末門市數目Stores at year-end 1,822 1,874 (52) 1 「本集團收入」指合併收入，包括直營店之零售銷售額，授權及加盟商之批發。

2 「本集團同店銷售額」指零售銷售額，但不包括收入來自新開和終止的門店以及因裝修或其他理由而暫時關閉超過可比期間營業天數10%之門店的零售銷售額，按固定匯率計算。

3 「全球品牌銷售額╱毛利」包括佐丹奴於直營店、加盟店和合營公司之門市之所有零售銷售額╱毛利，按固定匯率計算。

4 「存貨對成本流轉日數」指計算年末持有之存貨除以銷售成本乘以該年度日數。

RESULTSOFOPERATIONSTable 1: Group results of operations1 “Group revenue” comprises consolidated revenue from direct-operated stores’ retail sales, licensing and wholesale to franchisees.2 “Group same-store sales” means retail revenue save for revenue derived from the retail sales of newly-opened and terminated stores and stores temporarily closed for more than 10% of operating days of comparable periods for renovation or other purposes. These are at constant exchange rates.3 “Global brand sales/gross profit” comprises all Giordano retail sales/gross profit from direct-operated stores, franchised stores and stores operated by a joint venture. These are at constant exchange rates.4 “Inventory turnover on cost” is calculated by dividing inventories at year-end by the cost of sales multiplied by the number of days in the year.10 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司管理層之論述及分析MANAGEMENTDISCUSSIONANDANALYSISANNUAL REPORT 2023年報收入及毛利本集團收入增長1.9%至38.73億港元（2022年：37.99億港元），或按固定匯率計算增長3.8%。

由於本集團於擴展直營店並關閉表現不佳的店舖方面保持謹慎，可比較門市銷售額錄得6.9%的增幅。

於動盪的2023年，本集團以審慎並負責任地行事。

本集團選擇精準的市場營銷策略來支持提高價格，並透過分散式採購降低採購成本，以提升利潤率。

本集團約35%商品採購自中國大陸以外的工廠。

所有零售渠道的銷售均錄得正增長。

儘管門市數目減少2.6%，線下銷售仍增加4.7%，而每平方尺的銷售上升3.5%。

線上業務成長7.1%，乃源於中國大陸的持續成長。

批發銷售下跌17.7%，乃由於在2022年底進行了大量發貨，以支持國際加盟商在2019冠狀病毒病疫情結束後的銷售。

在成熟的加盟商市場持續復甦的同時，新加入的加盟商及授權經營市場亦開始對本集團收入作出切實的貢獻。

表2：收入分析（以百萬港元為單位） (In HK$ million) 2023貢獻Contribution 2022貢獻Contribution變動Change 大中華Greater China 1,727 44.6% 1,720 45.3% 0.4% 東南亞及澳洲Southeast Asia and Australia 1,471 38.0% 1,444 38.0% 1.9% 海灣阿拉伯國家合作委員會Gulf Cooperation Council 675 17.4% 635 16.7% 6.3% 按市場劃分之本集團收入Group revenue by market 3,873 100.0% 3,799 100.0% 1.9% 線下業務Offline 2,980 77.0% 2,846 74.9% 4.7% 線上業務Online 470 12.1% 439 11.6% 7.1% 零售Retail 3,450 89.1% 3,285 86.5% 5.0% 授權及海外加盟商Licensing and overseas franchisees 283 7.3% 335 8.8% (15.5%)中國大陸加盟商Mainland China franchisees 140 3.6% 179 4.7% (21.8%) 授權及加盟商之批發Licensing and wholesale to franchisees 423 10.9% 514 13.5% (17.7%) 按渠道劃分之本集團收入Group revenue by channel 3,873 100.0% 3,799 100.0% 1.9% Revenue and gross profitGroup revenue grew by 1.9% to HK$3,873 mil l ion (2022: HK$3,799 million), or 3.8% at constant dollars. Comparable retail store sales recorded a 6.9% growth as the Group has been cautious in opening new directly-operated stores while closing non-performing ones. In a turbulent 2023, it was prudent to tread responsibly. The Group opted for price increases supported by accurate marketing campaigns, coupled with reduced sourcing costs with distributed sourcing to improve margins. About 35% of the Group’s merchandise was from factories outside Mainland China.All retail channels reported positive sales growth. Offline sales increased by 4.7% despite a 2.6% reduction in the number of stores, while sales per square foot rose by 3.5%. Online sales improved by 7.1%, driven by continued growth in Mainland China.Wholesales declined by 17.7%, as large shipments were made in late 2022 to support international franchisees’ post-COVID-19 sales. While the established franchised markets continued their recovery, newly-opened franchised and licensed markets have started meaningful contributions to the Group’s revenue.Table 2: Revenue analysisGIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司11管理層之論述及分析MANAGEMENTDISCUSSIONANDANALYSISANNUAL REPORT 2023年報由於品牌的持續提升，本集團毛利率增加1.9個百分點至58.4%，而零售毛利率為60.6%（ 2022年：59.5% ）。

我們的毛利率成長5.5%，主要由於我們提升新商品售價及減少常青產品折扣。

表3：毛利分析（以百萬港元為單位） (In HK$ million)2022年毛利2022 gross profit產品成本Product costs售價Selling prices銷量Volume其他Miscellaneous匯率換算影響Currency translation difference2023年毛利2023 gross profit 東南亞及澳洲Southeast Asia and Australia 863 (4) 39 2 (6) (11) 883 海灣阿拉伯國家合作委員會Gulf Cooperation Council 398 27 (55) 59 – – 429 中國大陸Mainland China 314 7 4 12 (1) (16) 320 香港及澳門Hong Kong and Macau 204 (5) 71 16 (1) – 285 台灣Taiwan 284 (4) 43 (30) (3) (13) 277 市場組合Market mix – 9 (16) 7 – – – 零售及分銷Retail and distribution 2,063 30 86 66 (11) (40) 2,194 海外加盟商╱附屬公司之批發Wholesale to overseas franchisees/subsidiaries 83 69 本集團Group 2,146 2,263 其他收入及其他收益，淨額其他收入及其他收益包括政府援助、匯兌差額、特許權收入、授權收入、利息及租金收入。

經營費用及經營溢利經營費用對收入比率大致不變，為47.2%。

本集團錄得經營溢利5.03億港元（2022年：4.25億港元），按年增長18.4%。

使用權資產與物業，機器及設備之淨 減值根據香港會計準則第36號的規定，本集團對使用權資產、物業、機器及設備並無計提重大的減值撥備或撥回。

融資費用融資費用為4,000萬港元（2022年：2,500萬港元），反映租賃負債的推算利息較高。

Due to continued brand upgrades, the Group’s gross margin improved by 1.9 percentage points to 58.4%, and the retail gross margin was 60.6% (2022: 59.5%). Our gross profit rose by 5.5%, mainly driven by the increased selling prices of our new merchandise and fewer discounts on evergreen products.Table 3: Gross profit analysisOther income and other gains, netOther income and other gains include government assistance, exchange differences, royalties, licensing fees, interest, and rental income.Operating expense and operating profitOperating expense-to-revenue ratio was virtually unchanged at 47.2%. The Group recorded an operating profit of HK$503 million (2022: HK$425 million), a growth of 18.4% YOY.Net impairment of right-of-use assets and property, plant and equipmentThere was no material impairment provision or reversal for the right-of-use assets, property, plant and equipment, based on Hong Kong Accounting Standard 36.Finance expenseThe finance expense was HK$40 million (2022: HK$25 million), reflecting higher imputed interest on lease liabilities.12 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司管理層之論述及分析MANAGEMENTDISCUSSIONANDANALYSISANNUAL REPORT 2023年報股東應佔除所得稅後溢利本公司股東應佔除所得稅後溢利（「股東應佔溢利」）為3.45億港元（2022年：2.68億港元），淨利潤率為8.9%（2022年：7.1%）。

表4：股東應佔溢利變動（以百萬港元為單位） (In HK$ million) 2022年股東應佔溢利2022 PATS 268 中國大陸Mainland China 62 香港及澳門Hong Kong and Macau 49 海灣阿拉伯國家合作委員會Gulf Cooperation Council 18 南韓South Korea 10 台灣Taiwan 9 東南亞及澳洲Southeast Asia and Australia (20)對海外加盟商╱附屬公司之批發Wholesale to overseas franchisees/subsidiaries (38)總部費用、融資費用、所得稅及非控制性權益Headquarter expenses, finance expense, income taxes and non-controlling interests (7) 股東應佔溢利變動Changes in PATS 83 按固定匯率換算之2023年股東應佔溢利2023 PATS, at constant exchange rates 351 貨幣換算差額Currency translation difference (6) 2023年股東應佔溢利2023 PATS 345 市場分析以下意見以當地貨幣為單位，倘若是以港元為單位，則按固定匯率計算，以撇除因換算財務報表所產生之扭曲。

大中華表5：大中華之除所得稅前溢利（虧損）（以百萬港元為單位，按固定匯率換算）(In HK$ million, translated at constant exchange rates) 2023佔收入百分比% to revenue 2022佔收入百分比% to revenue變動Change 收入Revenue 1,537 100.0% 1,420 100.0% 8.2% 毛利Gross profit 911 59.3% 802 56.5% 13.6% 其他收入及收益，淨額Other income and other gains, net 15 1.0% 16 1.1% (6.3%)經營費用Operating expense (813) (52.9%) (823) (58.0%) (1.2%) 經營溢利（虧損） Operating profit (loss) 113 7.4% (5) (0.4%) N/A 融資費用Finance expense (6) (0.4%) (4) (0.3%) 50.0% 除所得稅前溢利（虧損）Profit (loss) before income taxes 107 7.0% (9) (0.7%) N/A Profit after income taxes attributable to shareholdersProfit after income taxes attributable to shareholders of the Company (“PATS”) was HK$345 million (2022: HK$268 million), at a net margin of 8.9% (2022: 7.1%).Table 4: Changes in PATSMARKETANALYSISThe following comments are in local currencies, or, if in Hong Kong dol lars, are at constant exchange rates to remove distortions from the translation of financial statements.Greater ChinaTable 5: Greater China profit (loss) before income taxesGIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司13管理層之論述及分析MANAGEMENTDISCUSSIONANDANALYSISANNUAL REPORT 2023年報香港和澳門香港和澳門的增長勢頭持續，得益於頻繁的廣告宣傳以及行之有效的員工獎勵計劃所帶來的毛利率增長。

其收入受惠於到訪旅客而輕微上升，但受到「北上消費」的影響。

晚間客流量有明顯下降。

中國大陸儘管經濟波動較大，在線上銷售增長以及透過關閉虧損直營店來降低經營成本的推動下，我們的業務全年由大幅虧損轉為微利。

於2019冠狀病毒病大流行的反覆期結束後，加盟店數目在下半年開始增加。

台灣台灣的利潤有所改善，但季度表現波動。

售價上升有助舒緩收入下降的情況。

表6：大中華之收入及門市統計年末門市數目Stores at year-end 收入Revenue加盟店Franchised直營店Direct operated總數Total （以百萬港元為單位，按固定匯率換算）(In HK$ million, translated at constant exchange rates) 20232022變動Change 202320222023202220232022 中國大陸Mainland China 697 668 4.3% 343 394 143 158 486 552 台灣Taiwan 460 466 (1.3%) – – 168 182 168 182 香港及澳門Hong Kong and Macau 380 286 32.9% – – 41 42 41 42 總數Total 1,537 1,420 8.2% 343 394 352 382 695 776 Hong Kong and MacauThe growth momentum in Hong Kong and Macau continued, attributable to the increased gross margin supported by frequent advertising and effective staff incentive schemes. Its revenue benefited from the mild increase in tourist arrivals, but suffered from the so-called “northbound spending”. Evening footfall has been dropping conspicuously.Mainland ChinaDespite the volati le economy, our business swung from a substantial loss to a modest profit for the whole year, driven by increased online sales and reduced operating costs through the closure of loss-making direct-operated stores. The number of franchised stores started to grow in the second half of the year after the lingering COVID-19 pandemic.TaiwanTaiwan’s prof it improved, but the quarter ly performances fluctuated. Selling price increases helped mitigate the revenue drop.Table 6: Greater China revenue and store count14 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司管理層之論述及分析MANAGEMENTDISCUSSIONANDANALYSISANNUAL REPORT 2023年報東南亞及澳洲表7：東南亞及澳洲之除所得稅前溢利（以百萬港元為單位，按固定匯率換算）(In HK$ million, translated at constant exchange rates) 2023佔收入百分比% to revenue 2022佔收入百分比% to revenue變動Change 收入Revenue 1,487 100.0% 1,444 100.0% 3.0% 毛利Gross profit 894 60.1% 863 59.8% 3.6% 其他收入及收益，淨額Other income and other gains, net 19 1.3% 11 0.8% 72.7% 經營費用Operating expense (637) (42.8%) (578) (40.0%) 10.2% 經營溢利Operating profit 276 18.6% 296 20.6% (6.8%)融資費用Finance expense (21) (1.4%) (16) (1.1%) 31.3% 除所得稅前溢利Profit before income taxes 255 17.2% 280 19.5% (8.9%) 印尼和泰國的增長勢頭持續。

其他市場的銷售額有所停滯，部分原因是去年基數較高。

然而，在穩固的品牌形象以及旅遊業的推動下，我們預計整體表現將保持穩定。

表8：東南亞及澳洲之收入及門市統計收入Revenue年末門市數目Stores at year-end （以百萬港元為單位，按固定匯率換算）(In HK$ million, translated at constant exchange rates) 20232022變動Change 20232022 印尼Indonesia 7556968.5% 238233泰國Thailand 27023415.4% 156156新加坡Singapore 190207 (8.2%) 3029馬來西亞Malaysia 170189 (10.1%) 8886越南Vietnam 7690 (15.6%) 4454澳洲Australia 21205.0% 66柬埔寨Cambodia 58 (37.5%) 33 總數Total 1,4871,4443.0% 565567 Southeast Asia and AustraliaTable 7: Southeast Asia and Australia profit before income taxesThe growth momentum in Indonesia and Thailand was sustained. The sales in other markets were stagnant partly due to the high base in the previous year. Nevertheless, we expect the performance, as a whole, to be stable, boosted by solid brand images and tourism.Table 8: Southeast Asia and Australia revenue and store countGIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司15管理層之論述及分析MANAGEMENTDISCUSSIONANDANALYSISANNUAL REPORT 2023年報海灣阿拉伯國家合作委員會表9：海灣阿拉伯國家合作委員會之除所得稅前溢利及門市統計（以百萬港元為單位，按固定匯率換算）(In HK$ million, translated at constant exchange rates) 2023佔收入百分比% to revenue 2022佔收入百分比% to revenue變動Change 收入Revenue 676100.0% 635100.0% 6.5%毛利Gross profit 42963.5% 39862.7% 7.8%其他收入及收益，淨額Other income and gains, net50.7% – – N/A經營費用Operating expense (304) (45.0%) (286) (45.0%) 6.3% 經營溢利Operating profit 13019.2% 11217.6% 16.1%融資費用Finance expense (13) (1.9%) (5) (0.8%) 160.0% 除所得稅前溢利Profit before income taxes 11717.3% 10716.9% 9.3% 加盟店Franchised stores 40382直營店Direct-operated stores 1381344 年末門市數目Stores at year-end 1781726 海灣阿拉伯國家合作委員會於2023年的銷售額有所提升，經營溢利顯著。

受具影響力的本地化營銷活動所帶動，品牌形象提升推動增長。

區內經濟前景明朗。

我們在海灣阿拉伯國家合作委員會經營業務超過30年，吸引了眾多來自鄰近市場潛在加盟商。

南韓（一間由獨立管理團隊管理之擁有48.5%權益的合營公司）表10：南韓之應佔淨溢利及門市統計（以百萬韓圜為單位） (In Korean Won million) 2023佔收入百分比% to revenue 2022佔收入百分比% to revenue變動Change 收入Revenue 169,703100.0% 190,438100.0% (10.9%)毛利Gross profit 88,87352.4% 102,03953.6% (12.9%)淨溢利Net profit 15,7099.3% 12,2926.5% 27.8% 應佔淨溢利Share of net profit 7,6195,96227.8% 年末門市數目Stores at year-end 120143 (23) 利率持續上升、出口縮減及通脹削弱了地區的消費力，南韓的銷售表現欠佳。

儘管如此，嚴謹的成本監控有助於穩定利潤。

The Gulf Cooperation CouncilTable 9: The Gulf Cooperation Council profit before income taxes and store countThe sales in the GCC improved in 2023 with significant operating profit. Brand image enhancement drove the growth attributable to the influential local marketing campaigns. The economic outlook in the region is bright. Established over 30 years ago, our presence there attracts potential franchisees from neighbouring markets.S o u t h K o r e a ( a 48.5% j o i n t v e n t u r e u n d e r a n independent management team)Table 10: South Korea’s share of net profit and store countSouth Korea’s sales performance was disappointing due to the weakened spending power caused by interest rate hikes, export reductions, and inflation. That said, stringent cost control helped stabilize the profit.16 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司管理層之論述及分析MANAGEMENTDISCUSSIONANDANALYSISANNUAL REPORT 2023年報海外（大中華以外）加盟商表11：海外加盟商之門市統計20232022 東南亞Southeast Asia 190175南韓* South Korea* 120143南亞South Asia 6940非洲Africa 2419其他市場Other markets 2120 總數Total 424397 *本集團擁有48.5%權益的南韓合營公司，同時是本集團的加盟商。

菲律賓等發展成熟的特許經營市場持續強勁。

本集團加快在新開發的南亞及非洲市場業務據點的拓展步伐。

作為本集團關鍵擴展策略之一環，本集團於年內新增27間海外加盟店，主要在新興市場。

財務狀況流動資金及財務資源於2023年12月31日，現金及銀行結存（扣除銀行貸款後）為9.05億港元（2022年：9.48億港元）。

銀行貸款為3,000萬港元（2022年：1,200萬港元）。

本集團之槓桿比率（按銀行借貸總額與權益總額之比率計算）為1.3%（2022年：0.5%）。

本集團的流動比率為1.6（2022年：1.8 ），以流動資產17.35億港元（ 2022年：19.77億港元）及流動負債10.96億港元（2022年：10.87億港元）計算。

物業、機器及設備資本開支為8,700萬港元（2022年：6,600萬港元），主要用於店舖升級。

管理層將繼續投放資源改善店舖環境，以提升品牌形象。

商譽及授出認沽期權負債商譽及授出認沽期權負債來自2012年及2015年收購海灣阿拉伯國家合作委員會業務。

我們已進行年度減值測試並認為於2023年財政年度無需就商譽作減值。

Overseas (outside Greater China) franchiseesTable 11: Overseas franchised store count* The Group owns a 48.5% equity interest in the South Korean joint venture, also the Group’s franchisee.The well-developed franchised markets, such as the Philippines, remained strong. Footprint expansion has accelerated in the newly developed South Asian and African markets.As part of the Group’s crucial expansion strategy, it added 27 overseas franchised stores in the year, mainly in emerging markets.FINANCIALPOSITIONLiquidity and financial resourcesOn December 31,2023, the cash and bank balances, net of bank loans, were HK$905 million (2022: $948 million).The bank borrowings amounted to HK$30 million (2022: HK$12 million). The Group’s gearing ratio, defined as the total bank borrowings over total equity, was 1.3% (2022: 0.5%). The Group’s current ratio was 1.6 (2022: 1.8) based on current assets of HK$1,735 million (2022: HK$1,977 million) and current liabilities of HK$1,096 million (2022: HK$1,087 million).Property, plant, and equipmentCapital expenditure was HK$87 million (2022: HK$66 million), mainly for store upgrades. Management will continue to devote resources to our shop ambiance to strengthen our brand image.Goodwill and put option liabilitiesThe goodwill and put option liability arose from acquiring our GCC operations in 2012 and 2015. We have conducted annual impairment tests and concluded that no impairment on goodwill was necessary for the 2023 financial year.GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司17管理層之論述及分析MANAGEMENTDISCUSSIONANDANALYSISANNUAL REPORT 2023年報一間合營公司之權益我們佔股48.5%的南韓合營公司的賬面價值，按權益法計算，上升1.0%至4.94億港元。

存貨本集團存貨為4.74億港元（2022年：6.12億港元）。

存貨對成本流轉日數減少27天至108天（2022年：135天），乃由於嚴格的採購控制。

為確保並無過多的「資產負債表外」存貨，本集團一直追蹤供應商及加盟商的存貨。

我們的系統存貨亦有所下降。

表12：系統存貨於12月31日At December 31 （以百萬港元為單位） (In HK$ million) 20232022 本集團擁有之存貨Inventories owned by the Group 474612 擁有48.5%權益的南韓合營公司持有之存貨Inventories held by 48.5% South Korea joint venture 182202中國大陸加盟商持有之存貨Inventories held by franchisees in Mainland China 3853供應商之製成貨品Finished goods at suppliers 1526 非本集團擁有之存貨Inventories not owned by the Group 235281 系統存貨總額Total system inventories 709893 應收和應付賬款應收賬款流轉日數為52天（2022年：47天）。

應付賬款流轉日數穩定維持在45天（2022年：43天）。

股息於2018年11月8日，本公司採納股息政策（「股息政策」）。

股息政策旨在為透過派付股息向其股東回饋剩餘現金。

根據股息政策，本公司一直將其大部分盈餘用於派付普通股息，至於派息金額則經考慮手頭現金、未來投資需要以及營運資金等因素而有所不同。

Interest in a joint ventureThe carrying value of the 48.5% interest in the South Korea joint venture, accounted for by the equity method, increased by 1.0% to HK$494 million.InventoriesGroup inventories were HK$474 million (2022: HK$612 million). Inventory turnover on cost decreased by 27 days to 108 days (2022: 135 days), attributed to stringent purchase control.To prevent excessive “off-balance sheet” inventories, the Group tracks the inventories at suppliers and franchisees. Our system inventories were also reduced.Table 12: System inventoriesTrade receivables and payablesThe turnover days for trade receivables were 52 days (2022: 47 days). The turnover days for trade payables were steady at 45 days (2022: 43 days).DividendsThe Company adopted a dividend policy on November 8,2018 (the “Dividend Policy”). The Dividend Policy aims to return surplus cash to its shareholders through dividend payouts. In line with the Dividend Policy, the Company has been paying a substantial portion of its earnings as an ordinary dividend, which may vary depending on cash on hand, future investment requirements, and working capital considerations.18 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司管理層之論述及分析MANAGEMENTDISCUSSIONANDANALYSISANNUAL REPORT 2023年報經考慮經濟前景、本集團之財務狀況、其未來擴展計劃及其他因素後，董事會建議末期股息為每股13.5港仙（2022年：每股15.0港仙）。

連同於2023年9月15日星期五派付之中期股息每股17.0港仙（2022年：每股8.5港仙），全年股息總額為每股30.5港仙（2022年：每股23.5港仙），或增加29.8%。

待我們的股東於本公司應屆股東周年大會上批准後，末期股息將於2024年6月14日（星期五）向於2024年6月3日（星期一）名列於本公司股東名冊上之股東派付。

展望於2023年，雖然2019冠狀病毒病大流行的不利影響，於大部分行動管制措施放寬後已消散，但由於地緣政治衝突升級，利率高企且通脹嚴重，營商環境仍然波動。

本集團一直保持靈活及韌性應對挑戰，並錄得淨溢利3.45億港元（2022年︰2.68億港元）2024年仍充滿挑戰，須審慎沉著面對。

我們的地域多元化策略、成本控制及精簡的資產負債表就緩解該等業務風險而言至關重要，於此情況下，「現金為王」更為重要。

利好的營商環境終會再現，只要我們把握機遇，憑藉我們穩健的資產負債表，我們的耐心經營將得到回報。

本公司將繼續執行我們的策略，透過定價、產品創新、門店升級及市場營銷投資，逐步提高其商標信譽。

本集團將透過拓展加盟及授權經營擴展至發展中國家。

舉例而言，於2023年，我們於印度的銷售點達50個，進展令人鼓舞。

我們預期，擴展勢頭將會持續。

為此，本集團將持續強化優勢，挑選合適市場並與所有加盟商建立互惠關係，從而確保這擴展策略的可持續性。

在電子商務方面，本集團繼續與本地優秀的第三方平台合作。

中國大陸及南韓合營公司的線上銷售溢利表現令人滿意，兩地現時銷售額分別佔總銷售額近55%及40%。

我們大部分其他市場的線上銷售額亦錄得增長及可持續溢利。

Considering the economic outlook, the Group’s financial position, future expansion plans, and other factors, the Board of Directors recommended a final dividend of 13.5 HK cents per share (2022: 15.0 HK cents per share). With the interim dividend of 17.0 HK cents per share (2022: 8.5 HK cents per share) paid on Friday, September 15,2023, the full-year dividend will amount to 30.5 HK cents per share (2022: 23.5 HK cents per share), or an increase of 29.8%. Subject to the approval of the shareholders at the forthcoming annual general meeting of the Company, the final dividend will be payable on Friday, June 14,2024 to shareholders whose names appear on the register of members of the Company on Monday, June 3,2024.OUTLOOKIn 2023, though the adverse impact of the COVID-19 pandemic dissipated after the relaxat ion of most movement control measures, the business environment was still volatile because of intensifying geopolitical conflicts, interest rate hikes and high inflation. The Group has remained agile and resilient in addressing the challenges and achieved a net profit of HK$345 million (2022: HK$268 million).A chal lenging 2024 cal ls for prudence and caut ion. Our geographically-diversified strategy, cost control and lean balance sheet discipline will be essential to mitigate these business risks. In this situation, “cash is king” is even more relevant. A favourable business environment will return, and our patience will pay off by grasping the opportunities and leveraging our solid balance sheet.The Company will continue to execute our strategy to gradually enhance its brand equity through pricing, product innovation, store upgrades and marketing investment.The Group wi l l expand in developing economies through franchising and l icensing. For instance, in 2023, we made encouraging progress in India, where we hit 50 points-of-sale at the year’s end. We expect the expansion momentum will continue. To this end, the Group will sharpen its skills in selecting the right markets and building mutually-beneficial relationships with all franchisees, thus ensuring that this expansion strategy is sustainable.On e-commerce, the Group continues partnering with local and robust third-party platforms. For Mainland China and our Korean joint venture, online sales profits are satisfactory, and their contributions are now about 55% and 40% of their total sales, respectively. Most of our other markets’ online sales are also experiencing growth and sustainable profits.GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司19管理層之論述及分析MANAGEMENTDISCUSSIONANDANALYSISANNUAL REPORT 2023年報其他資料人力資源於2023年12月31日，本集團有約6,500名員工（2022年12月31日：6,200名）。

本集團針對不同級別的員工提供具有競爭力的薪酬待遇，並發放目標為本之優厚花紅。

我們為高級管理人員提供基於按業績計算╱酌情性的獎金計劃和購股權，以獎勵和保留一支高素質的領導團隊。

我們還大力投資於銷售和客戶服務、管理、計劃和領導力發展方面的培訓，以保持熟練和積極進取的團隊。

本集團協助年輕的行政人員擔任管理職務。

於2023年12月31日，本集團的管理團隊的平均年齡為49歲（2022年：48歲）。

OTHERINFORMATIONHuman ResourcesAs of December 31,2023, the Group had approximately 6,500 employees (December 31,2022: 6,200). The Group offers compet i t ive remunerat ion packages and generous, goal-oriented incentives targeted to different levels of staff. We provide senior managers with performance-based/discretionary bonus schemes and share options to reward and retain a high-calibre leadership team. We also invest heavily in training in sales and customer service, management, planning, and leadership development to maintain a skilled and motivated workforce. The Group facilitates the younger executives to take up management roles. On December 31,2023, the average age of the Group’s management team was 49 (2022: 48).20 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司董事及高級管理人員簡介DIRECTORSANDSENIORMANAGEMENTPROFILESANNUAL REPORT 2023年報劉國權博士（主席兼行政總裁），現年71歲，為本集團主席兼行政總裁。

彼亦為本公司管理委員會及提名委員會主席及薪酬委員會成員。

彼於1987年加入本集團，並於1994年2月8日成為行政總裁，同年8月10日獲選為本公司董事會主席。

彼亦為本集團若干子公司之董事。

劉博士現亦為大快活集團有限公司（股份代號：52）之獨立非執行董事，該公司於香港聯合交易所有限公司（「聯交所」）上市。

劉博士曾出任香港城市大學（「城大」）商學院兼任教授及香港浸會大學（「浸大」）商學院顧問委員會外部成員、香港理工大學（「理大」）管理及市場學系顧問委員會之主席。

劉博士持有理大工商管理博士學位、加拿大卡加里大學工商管理碩士學位及香港大學佛學碩士學位。

於加入本集團前，劉博士於加拿大之私營及公營機構有超過12年的管理及會計經驗。

陳嘉緯博士（執行董事），現年47歲，於2000年1月加入本集團，並分別於2014年6月20日及2015年4月1日獲委任為本公司執行董事及首席營運官。

彼為本公司管理委員會成員及本集團多間子公司及一間合營公司之董事。

陳博士負責本集團的營運，以達致預算和其他財務目標，並且制訂目標、調配資源和評估政策，以推動本集團的業務表現。

陳博士在服裝零售經銷業務及市場推廣已累積超逾22年經驗。

陳博士為澳洲會計師公會資深會員及英國特許仲裁員學會資深會員。

彼持有理大工商管理博士學位和紡織科學學士學位、城大環球企業管理文學碩士學位和法律碩士學位（仲裁與爭議解決）、浸大會計碩士學位及數據分析與商業經濟學碩士學位。

Dr. LAUKwok Kuen, Peter (Chairman and Chief Executive) , aged 71, is the Group’s Chairman and Chief Executive. He is also chairman of the Management Committee and Nomination Committee and a member of the Remuneration Committee of the Company. He joined the Group in 1987, became the Chief Executive on February 8,1994, and was elected Chairman of the Board of the Company on August 10 in the same year. He is also a director of certain subsidiaries of the Group.Dr. LAU is also an independent non-executive director of Fairwood Holdings Limited (Stock Code: 52), which is listed on The Stock Exchange of Hong Kong Limited (the “Stock Exchange”). Dr. LAU was previously an adjunct professor of the College of Business at City University of Hong Kong (“CityU”), an external member of the School of Business Advisory Committee of Hong Kong Baptist University (“HKBU”), the chairman of the Advisory Committee on Management and marketing at the Hong Kong Polytechnic University (“PolyU”).Dr. LAU holds a Doctorate degree in Business Administration from PolyU, a MBA degree from the University of Calgary in Canada and a Master of Buddhist Studies from The University of Hong Kong.Dr. LAU had over 12 years of management and accounting experience in both the private and public sectors in Canada before joining the Group.Dr. CHANKa Wai (Executive Director) , aged 47, joined the Group in January 2000 and was appointed as an Executive Director and the Chief Operating Officer of the Company on June20,2014 and April 1,2015, respectively. He is a member of the Management Committee of the Company and also a director of various subsidiaries and a joint venture of the Group. Dr. CHAN is responsible for the Group’s operations to meet budget and other financial goals, as well as establishing goals, allocating resources and assessing policies to drive the Group’s performance. Dr. CHAN has over 22 years of experience in the apparel retailing and marketing business.Dr. CHAN is a fellow member of Certified Practicing Accountant Australia and a Fellow of the Chartered Institute of Arbitrators in London. He holds a Doctorate degree in Business Administration and Bachelor of Science in Textile from PolyU and a Master of Arts in Global Business Management and a Master of Laws in Arbitration and Dispute Resolution from CityU, a Master of Accountancy and a Master of Science (MSc) in Data Analytics and Business Economics from HKBU.GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司董事及高級管理人員簡介DIRECTORSANDSENIORMANAGEMENTPROFILES21ANNUAL REPORT 2023年報Mr. Mark Alan LOYND (Executive Director) , aged 45, has been with the Group since September 2013 and was appointed as an Executive Director on March 9,2017. Mr. LOYND is currently the General Counsel, Company Secretary and Group Human Resources Director of the Company. He oversees legal, regulatory, compliance, corporate governance, human resources and talent development affairs of the Group. Mr. LOYND is also chairman of the Risk Management Committee and a member of the Management Committee of the Company as well as director and company secretary of various subsidiaries and a joint venture of the Group. Currently, Mr. LOYND is also responsible for the development of new overseas markets as well as brand and product development.Mr. LOYND was called to the Bar in Hong Kong in 2007 and is a Member of the Chartered Institute of Arbitrators in London, the United Kingdom. He is a professional member of the Hong Kong Institute of Human Resources Management, where he also sits on the Employment-Related Hong Kong Legislation and Issues Committee, and a member of the Chartered Professionals in Human Resources of British Columbia and Yukon.He ho lds a Bache lor o f Laws (Hons ) f rom Aberys twyth University in the United Kingdom as well as a Master of Arts in Arbitration and Alternative Dispute Resolution (with distinction) and a Postgraduate Certificate in Laws, both from CityU. He possesses over 22 years of experience in handling regulatory and compliance matters for l isted companies, mergers and acquisitions, joint ventures and other commercial law affairs, as well as labour and maritime law issues.羅學文先生（執行董事），現年45歲，自2013年9月加入本集團，並於2017年3月9日獲委任為執行董事。

羅先生現為本公司之集團法律總監、公司秘書及集團人力資源總監。

彼監督本集團法律、監管、合規、企業管治、人力資源及人材發展事宜。

羅先生亦為本公司風險管理委員會主席及管理委員會成員，以及本集團多間附屬公司及一間合營公司之董事及公司秘書。

目前，羅先生亦負責開拓新海外市場，以及品牌與產品的發展。

羅先生於2007年獲認許香港大律師資格，並為英國特許仲裁員學會會員。

羅先生成亦為香港人力資源管理學會的專業會員及被委任為其香港僱傭相關法例及事務委員會委員、以及加拿大的The Chartered Professionals in Human Resources of British Columbia and Yukon專業會員。

彼畢業於英國威爾斯亞伯裡斯威斯大學，獲頒授法律學榮譽學士，並獲城大頒授仲裁及爭議解決學文學碩士（優異）及法學專業證書。

彼為上市公司處理包括監管及合規事宜、收購合併、合資及其他商業法律事項，以至勞工及海商法等事項擁有22年以上之經驗。

22 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司董事及高級管理人員簡介DIRECTORSANDSENIORMANAGEMENTPROFILESANNUAL REPORT 2023年報曾安業先生，BBS（非執行董事），52歲，於2022年12月1日獲委任為非執行董事。

彼現為拿督鄭裕彤博士家族私人投資控股旗艦公司周大福企業有限公司（「周大福企業」）行政總裁兼董事及本公司主要股東周大福（控股）有限公司之董事。

曾先生於國際資本市場擁有逾25年經驗，其於2003年至2012年任職德意志銀行香港分行，擔任董事總經理，主管亞洲固定收益資本市場業務。

曾先生現擔任五家香港聯交所主板上市公司董事，即有線寬頻通訊有限公司（股份代號：1097）副主席兼執行董事，聯合醫務集團有限公司（股份代號：722）及萬邦投資有限公司（股份代號：158）執行董事、以及澳門博彩控股有限公司（股份代號：880）及新創建集團有限公司（股份代號：659）非執行董事。

曾先生曾於2015年6月至2022年5月擔任綠心集團有限公司（股份代號：94）及2012年11月至2022年8月擔任綜合環保集團有限公司（股份代號：923）非執行董事。

曾先生為周大福企業社會方案有限公司創辦人及董事、周大福慈善基金有限公司理事、香港僱主聯合會副主席、香港特別行政區選舉委員會委員及青年發展委員會委員及團結香港基金顧問。

曾先生持有美國紐約哥倫比亞大學哥倫比亞學院經濟學學士學位。

Mr. TSANGOn Yip, Patrick, BBS (Non-Executive Director) , aged 52, was appointed as a Non-execut ive Director on December 1,2022. He is the chief executive officer and a director of Chow Tai Fook Enterprises Limited (“CTFE ”), the flagship private investment holding company of Dato’ Dr Cheng Yu Tung’s family and a director of Chow Tai Fook (Holding) Limited, a substantial shareholder of the Company. Mr. TSANG has over 25 years of international capital markets experience, and was previously managing director, head of Asia Fixed Income Capital Markets at Deutsche Bank AG, Hong Kong Branch, where he worked from 2003 to 2012.Mr. TSANG currently holds directorships in five companies listed on the Main Board of the Stock Exchange; namely, vice-chairman and executive director of i-Cable Communications Limited (stock code: 1097), executive director of UMPHealthcare Holdings Limited (stock code: 722) and Melbourne Enterprises Limited (stock code: 158), and non-executive director of SJM Holdings Limited (stock code: 880) and NWSHoldings Limited (stock code: 659). Mr. TSANG was a non-executive director of Greenheart Group Limited (stock code: 94) from June 2015 to May 2022 and a non-executive director of Integrated Waste Solut ions Group Holdings Limited (stock code: 923) from November 2012 to August 2022.Mr. TSANG is the founder and a director of CTFESocial Solutions Limited, a governor of Chow Tai Fook Charity Foundation Limited, a vice-chairman of Employers’ Federation of Hong Kong, a member of the Election Committee and Youth Development Commission of the Hong Kong Special Administrative Region, and an advisor of Our Hong Kong Foundation.Mr. TSANG obtained a Bachelor of Arts Degree in Economics from Columbia College of Columbia University in New York, USA.GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司董事及高級管理人員簡介DIRECTORSANDSENIORMANAGEMENTPROFILES23ANNUAL REPORT 2023年報李志軒先生（非執行董事），41歲，於2022年12月1日獲委任為非執行董事。

彼現為周大福企業高級副總裁，負責全球策略和私募股權投資。

李先生於2013年3月加入周大福企業，在企業融資、投資、國際資本市場和資產管理方面擁有逾15年的專業經驗。

彼曾在香港上海匯豐銀行有限公司及德意志銀行（香港）的投資銀行部門工作。

李先生擁有英國倫敦政治經濟學院會計與金融理學碩士學位和美國安娜堡密歇根大學工商管理學士學位。

彼為特許金融分析師特許資格認證持有人。

李先生現為綜合環保集團有限公司（股份代號：923）及新時代能源有限公司（股份代號：166）的非執行董事，兩家公司的股份於香港聯交所上市。

李先生亦熱心於公共服務，現為天水圍醫院管治委員會成員及會計及財務匯報局財務匯報檢討委員會成員。

畢滌凡博士（獨立非執行董事），現年79歲，於1995年3月3日獲委任為獨立非執行董事，彼亦為本公司審核委員會主席、提名委員會及薪酬委員會成員。

畢滌凡博士於2017年1月獲續任為禮恒企業財務服務有限公司之董事總經理，並於同日獲委任為天職企業重組諮詢有限公司（前稱禮恒企業諮詢有限公司）之董事總經理。

畢滌凡博士為特許公認會計師公會、香港會計師公會、英國特許管理學會、香港管理專業協會及香港董事學會之資深會員。

彼於2013年2月獲授英國愛丁堡龍比亞大學工商管理榮譽博士學位。

Mr. LEEChi Hin, Jacob (Non-Executive Director) , aged 41, was appointed as a Non-executive Director on December 1,2022. He is currently a senior vice president of CTFE with responsibilities for making strategic and private equity investments globally. Mr. LEE joined CTFE in March 2013 and has over 15 years of professional experience in corporate finance, investment, international capital markets and asset management.He previously worked at the investment banking department of The Hongkong and Shanghai Banking Corporation Limited and Deutsche Bank AG in Hong Kong. Mr. LEE holds a Master of Science Degree in Accounting and Finance from The London School of Economics and Political Science in London, United Kingdom and a Bachelor of Business Administration degree from the University of Michigan in Ann Arbor, United States of America. He is also a Chartered Financial Analyst Charterholder. Mr. LEE is currently a non-executive director of Integrated Waste Solutions Group Holdings Limited (stock code: 923) and New Times Energy Corporation Limited (stock code: 166), both the shares of which are listed on the Stock Exchange.Mr. LEE is also active in public services, currently serving as a member of the Hospital Governing Committee of Tin Shui Wai Hospital and a member of the Financial Reporting Review Panel under the Accounting and Financial Reporting Council.Dr. Barry John BUTTIFANT ( Independent Non-executive Director) , aged 79, was appointed as an Independent Non- executive Director on March 3,1995. He is also chairman of the Audit Committee and a member of both the Nomination Committee and the Remuneration Committee of the Company. Dr. BUTTIFANT was re-appointed as a managing director of KLC Transactions Limited in January 2017, and was also appointed as a managing director of Baker Tilly KLCRecovery Limited (formerly named as KLCCorporate Advisroy and Recovery Limited) fromthe same date.Dr. BUTTIFANT is a fe l low member of the Associat ion of Chartered Cert i f ied Accountants, the Hong Kong Institute of Certified Public Accountants, the Chartered Management Institute, the Hong Kong Management Association and the Hong Kong Institute of Directors. He has been awarded an Honorary Doctorate of Business Administrat ion (Honoris Causa) by Edinburgh Napier University, United Kingdom in February 2013.24 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司董事及高級管理人員簡介DIRECTORSANDSENIORMANAGEMENTPROFILESANNUAL REPORT 2023年報黃旭教授（獨立非執行董事），現年53歲，於2015年11月11日獲委任為本公司獨立非執行董事。

彼亦為本公司薪酬委員會主席，審核委員會及提名委員會成員。

黃教授獲頒荷蘭格羅寧根大學(University of Groningen)之哲學博士、英國蘭卡斯特大學(Lancaster University)之文學碩士及香港嶺南大學之榮譽文憑。

彼為浸大管理、市場及資訊系統學系講座教授。

目前，彼亦為浸大工商管理學院（研究）副院長、工商管理博士課程主任及人力資源策略及發展研究中心主任。

自2010年起，彼出任Griffith University工作、組織及幸福中心(Centre for Work, Organization and Wellbeing)兼任教授。

自2012年起，彼亦獲委任為上海財經大學客席教授。

彼現為Management and Organization Review的副主編，以及Academy of Management Journal and Human Relations的編輯委員會成員。

黃教授之研究領域包括領導力、權力、主動和異常的工作行為、員工幸福感、跨文化心理，以及在中國之管理問題。

彼曾於國際刊物包括Academy of Management Journal、Journal of Applied Psychology、Journal of International Business Studies Journal of Management、Leadership Quarterly、Journal of Organizational Behavior, Human Relations等發表多於60篇文章。

Professor WONGYuk (alias, HUANGXu) (Independent Non- executive Director) , aged 53, was appointed as an Independent Non-executive Director on November 11,2015. He is also chairman of the Remuneration Committee and a member of both the Audit Committee and the Nomination Committee of the Company. Professor HUANG received his PhD from the University of Groningen (The Netherlands), Master of Arts from Lancaster University (England), and Honours Diploma from Lingnan University (Hong Kong). He is the Chair Professor of Department of Management, Marketing, and Information Systems of HKBU. Currently, he also serves as the Associate Dean of the School of Business (Research & Impact), the Programme Director of Doctor of Business Administration and the Director of Centre for Human Resources Strategy and Development of HKBU.Since 2010, he has served as an Adjunct Professor in the Centre for Work, Organization and Wellbeing, Griffith University. He has also been appointed as a Visiting Chair Professor in Shanghai University of Finance and Economics since 2012. He is Deputy Editor of the Management and Organization Review, and a member of editorial board for Academy of Management Journal and Human Relations. Professor HUANG’s research interests include leadership, power, proactive and abnormal work behaviors, employees’ well-being; cross-cultural psychology and management issues in China. He has published more than 60 papers in international journals including Academy of Management Journal, Journal of Applied Psychology, Journal of International Business Studies, Journal of Management, Leadership Quarterly, Journal of Organizational Behavior, Human Relations and so forth.GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司董事及高級管理人員簡介DIRECTORSANDSENIORMANAGEMENTPROFILES25ANNUAL REPORT 2023年報Alison Elizabeth LLOYD博士（獨立非執行董事），現年48歲，於2019年3月7日獲委任為獨立非執行董事。

彼亦為本公司審核委員會及提名委員會成員。

自2023年5月，Lloyd博士獲委任為香港科技大學協理副校長（大學數據研究）。

Lloyd博士曾於2020年5月至2023年5月間任浸大協理副校長（校務研究及策劃）一職，她領導以數據分析及商業智慧為基礎的決策，支援大學的重點項目。

她曾為理大國際事務總監，負責監督有關國際夥伴關係的策略發展及協調、國際招聘、學生交流機會及院校合作的事宜。

彼也曾擔任理大大學策劃總監，負責策略規劃、績效監控、大學排名、商業智能及分析。

在加入學術界前，她於香港的管理顧問公司工作，從事諮詢業務涵蓋香港及亞洲私營與公共部門的策略規劃、業務流程的審核及改進、企業績效管理框架和改革管理。

LLOYD博士現正在多個國際高等教育顧問理事會及指導委員會中任職。

Dr. Alison Elizabeth LLOYD ( Independent Non-executive Director) , aged 48, was appointed as an Independent Non- executive Director on March 7,2019. She is also a member of both the Audit Committee and the Nomination Committee of the Company.Dr Alison Elizabeth Lloyd is the Associate Provost (Institutional Data and Research) at The Hong Kong University of Science and Technology from May 2023. She previously served as the Associate Vice President (Institutional Research and Strategic Planning) at HKBU from May 2020 to May 2023, spearheading evidence-based decision-making using analytics and business intelligence to support key activities.She was a d i rector of Internat ional Af fa i rs of PolyU, Dr. LLOYD oversaw the strategic development and coordination o f in ternat iona l par tnersh ips, in ternat iona l recru i tment , mobility opportunities, and institutional relations. As Director of Institutional Research and Planning of PolyU, she steered strategic planning, performance monitoring, university rankings, business intelligence, and analytics.Pr io r to jo in ing academia , she worked in management consu l t ancy i n HongKong . He r p r e v i ous l y consu l t i ng engagements cover strategy, business process review and improvement, performance management frameworks and change management for both pr ivate and publ ic sector organizations in Hong Kong and Asia. Currently, Dr. LLOYD serves on a number of advisory boards and steering committees pertaining to international higher education.26 GIORDANOINTERNATIONALLIMITEDANNUAL REPORT 2023年報佐丹奴國際有限公司企業管治報告書CORPORATEGOVERNANCEREPORT企業策略及文化佐丹奴成立之初，我們就以「沒有陌生人的世界」為經營理念，除了是品牌的口號外，更是超越集團運作的精神。

我們不僅努力為每一個人設計永恆的時尚服飾，不分種族、國籍或文化，我們還為我們同事的多樣性和我們對慈善組織和事業的積極支持感到自豪，由救災到長期支持方面，無論是在我們已開展業務的社區還是尚未開展業務的社區。

在這方面，我們一直恪守「為善者諸事順」的原則，於我們經營的社區發放正能量，特別關注與持分者的關係、社區參與和支持這些範疇。

我們的願景是成為全球最大的服裝零售品牌，而我們的使命是使每個穿著佐丹奴產品的人都能感受到衣著所帶來的喜悅。

我們通過集團的企業價值觀實現這一目標，即優質貨品、知識、創新、簡單化及優質顧客服務(Q.KISS)。

因此，我們強調將事情處理準確，同時不斷更新專業知識，分享新知，無邊界思維，及採取「精兵簡政」的方法並超越顧客的期望。

這些概念都是我們公司文化哲學的主幹，並由此而制定我們的發展策略。

此外，我們以公平及透明的方式為客戶提供負責任的產品和卓越的服務。

我們亦投放資源於員工的發展並營造融洽及樂於支援的工作環境，我們實施框架以發展強有力的管治和有效的風險管理系統，以及穩健的控制。

佐丹奴有一個流暢和持續的策略規劃過程，以識別和評估本集團可能面臨的機遇和挑戰，並為本集團制定行動方案，為股東創造可持續的長期價值。

在主席兼行政總裁劉國權博士的帶領下，管理委員會和各地區的高級管理人員緊密合作，以確保快速流暢的信息交流，以識別機遇和挑戰。

CORPORATECULTUREANDSTRATEGY‘World Without Strangers’ has been Giordano’s credo since its inception, and aside from being the brand’s slogan, it is also a spirit that transcends the Group’s operations. Not only do we strive to provide relevant, essential and timeless fashion for all, and develop apparel for everyone regardless of ethnicity, nationality or culture, we also pride ourselves on the diversity of our people and our active support of charitable organizations and causes, from disaster relief to long-term support, both in the communities that we operate in and those that we have yet to. In this connection, Giordano has continued to focus on ‘doing well by doing good ’ in order to make a positive impact in the communities where we do business, paying particular attention to stakeholder relations, community involvement and support.Our vision is to be the biggest world brand in Apparel Retailing and our mission is to make people feel good and look great. We achieve this through the Group’s corporate values which are Quality, Knowledge, Innovation, Simplicity and Service (Q.KISS); that is, we focus on doing things right, updating expertise and sharing knowledge, thinking out of the box, taking a “less is more” approach and exceeding our customers’ expectations. These concepts provide the backbone of our philosophy and shape our strategies.Furthermore, we deliver responsible products and exceptional service to our customers in a fair and transparent manner. We also invest in our employees’ development and foster an inclusive and supportive working environment, and we implement a framework to develop strong governance and effective risk management systems and robust controls.Giordano has a fluid and continuous strategic planning process to identify and assess the opportunities and challenges that the Group might face and to develop a course of action for the Group to generate sustainable long-term value for the shareholders of the Company (the “Shareholders”). Led by the Chairman and Chief Executive, Dr. Peter Lau, the Management Committee and senior management across all regions work closely to ensure rapid and flowing information exchange to identify opportunities and challenges.ANNUAL REPORT 2023年報GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司企業管治報告書CORPORATEGOVERNANCEREPORT27本集團將不斷檢討及調整（如有需要）其業務策略，並緊貼不斷變化的市場狀況，以確保採取及時和積極的措施應對變化並滿足市場需求，以促進本集團的可持續發展。

有關佐丹奴的宗旨、願景、價值觀和企業文化的更多信息載於本報告、本年報業務回顧一節，以及本年報附錄的環境、社會及管治報告書。

企業管治董事會致力在合理可行的架構中保持最高水平的企業管治。

董事會堅信，透明、問責和獨立的原則對於保障全體持份者的利益及提升股東的價值至為重要。

董事會一直致力提高企業管治水平，其負責制定及檢討本公司的企業管治以及在遵守法律及監管規定方面的政策及常規。

董事會已採納香港聯合交易所有限公司證券上市規則（「上市規則」）附錄C1所載之企業管治守則（「企業管治守則」）內的良好企業管治的原則（「管治原則」）及守則條文（「守則條文」）作為本公司之企業管治守則。

本公司繼續堅定地將原則應用於本集團的企業管治。

本公司定期檢討其企業管治政策，以確保其保持更新並符合上市規則的規定。

特別是本公司已於2023年1月1日採納了薪酬委員會的新職權範圍，於2023年3月9日及2023年12月31日修訂了股東的通信政策，及於2023年11月2日審閱了董事會多元化政策及提名政策。

於本年度內，除偏離守則條文第B.2.2條及C.2.1條外（於下文相關段落說明），本公司已全面遵從企業管治守則的守則條文。

The Group will continuously review and adjust, if necessary, its business strategies and keep track of the changing market conditions to ensure that prompt and proactive measures will be taken to respond to the changes and meet market needs to foster the sustainability of the Group.More information about Giordano’s purpose, vision, values and corporate culture is set out in this report, the Business Review section of this annual report, as well as the Environmental, Social and Governance (“ESG”) Report annexed to this annual report.Corporate GovernanceThe Board is dedicated to maintaining the highest standard of corporate governance within a sensible and practical framework. The Board firmly believes that the principles of transparency, accountability and independence are essential towards upholding the interests of all stakeholders and maximizing shareholder value.The Board is committed to excellence in corporate governance. It is responsible for developing and reviewing the Company’s policies and practices on corporate governance as well as compliance with legal and regulatory requirements. The Board has adopted the principles of good corporate governance (the “Principles”) and the code provisions (the “Code Provisions”) as stated in the Corporate Governance Code (the “CGCode”) contained in Appendix C1 to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Listing Rules”) as the Corporate Governance Code of the Company. The Company remains resolute in its application of the Principles to the corporate governance of the Group. The Company regularly reviews its corporate governance policies to ensure that they remain updated and in compliance with the requirements with the Listing Rules. In particular, the Company adopted new Terms of Reference for the Remunerat ion Committee on January 1,2023, revised the shareholders communication policy on March 9,2023 and December 31,2023 and reviewed the Board Diversity Policy and the Nomination Policy on November 2,2023.During the year, the Company fully complied with the Code Provisions in the CGCode save for the deviations from Code Provisions B.2.2 and C.2.1, which are explained in the relevant paragraphs below.28 GIORDANOINTERNATIONALLIMITEDANNUAL REPORT 2023年報佐丹奴國際有限公司企業管治報告書CORPORATEGOVERNANCEREPORT董事會角色及責任董事會肩負有效率及盡責地領導本公司的職責。

董事會訂立本集團之整體目標和策略、監管及評估其營運與財務上的表現，並檢討本公司之企業管治水平。

董事會亦須就有關於全年及中期業績、須予公佈之交易、委任或重新委任董事、股息以及會計政策事宜作出決策。

董事，無論個別或全體成員，都致力以誠，以本公司及其股東整體利益為最優先的考慮因素。

董事會還將某些權力和職能授予於本報告「董事委員會」一節中及本年報附錄中的環境、社會及管治報告書詳述的各個董事委員會。

除董事會或授予董事委員會所保留的職權外，董事會所訂立之策略及計劃，則由管理層負責執行。

管理層就本集團的日常營運向董事會負上全責。

董事會已設立機制，以確保董事會可以獲得獨立的意見和建議。

董事會目前的組成具有很強的獨立性，並在領導公司實現其目標方面充分平衡了技能、經驗和觀點的多樣性。

獨立非執行董事亦對董事會的整體決策過程提供獨立判斷。

董事會已審閱截至2023年12月31日止年度的董事會獨立機制之實施情況和成效，並認為其有效。

BOARDRoles and ResponsibilitiesThe Board is charged with providing effective and responsible leadership for the Company. It sets the Group’s overall objectives and strategies, monitors and evaluates its operating and financial performance and reviews the corporate governance standards of the Company. It also decides on matters relating to annual and interim results, notifiable transactions, appointments or re-appointments of Directors, dividends and accounting policies. The Directors, individually and collectively, are committed to act in good faith and in the best interests of the Company and its Shareholders. The Board also delegates certain powers and functions to various board committees as detailed in the section titled “Board Committees” of this report and the ESG report annexed to the annual report. Save for the power reserved by the Board or delegated to Board committees, the strategies and plans as decided by the Board are implemented by Management. Management assumes full accountability to the Board for the day-to-day operation of the Group.The Board has established a mechanism to ensure independent v iews and input are ava i lab le to the Board. The current composition of the Board has a strong independence element and provides sufficient balance of skills, experience and diversity of perspectives in leading the Company to achieve its goal. The independent non-executive Directors also provide independent judgment in the Board’s overall decision-making process. The Board has reviewed the implementation and effectiveness of the board independence mechanism for the year ended December 31,2023 and considered it to be effective.ANNUAL REPORT 2023年報GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司企業管治報告書CORPORATEGOVERNANCEREPORT29企業管治職能董事會是負責履行下列的企業管治職責，亦可將責任指派予一個或多個委員會：制定、檢討及更新本公司之企業管治政策及常規及提出變動及更新之建議；檢討及監察董事及高級管理人員之培訓及持續專業發展；檢討及監察本公司在遵守法律及監管規定方面之政策及常規；制定、檢討及監察適用於僱員及董事之操守準則及合規手冊（如有）；檢討本集團遵守企業管治守則之情況及本報告內之披露；檢討及監察本集團之披露程序，包括評估及內幕消息之準確性及重要性，並釐定任何須要作出披露之方式及內容；及確定本集團為實現策略目標願意承擔的重大風險（包括環境、社會和管治風險）的性質和程度，並製定本集團的風險管理策略。

Corporate Governance FunctionsThe Board is respons ib le fo r per fo rming the corporate governance dut ies set out below or i t may delegate the responsibility to a committee or committees: Developing, reviewing and updating the Company’s policies and pract ices on corporate governance and making recommendations on changes and updates; Reviewing and monitoring the training and continuous p ro fess iona l deve lopment o f D i rec to rs and sen io r management; Rev iewing and mon i to r ing the Company’s po l ic ies and practices on compliance with legal and regulatory requirements; Developing, reviewing and monitoring the code of conduct and compliance manual (if any) applicable to employees and Directors; Reviewing the Group’s compliance with the CGCode and disclosure in this report; Rev iew ing and mon i to r ing the Group’s process o f disclosure, including assessing and verifying the accuracy and materiality of inside information and determining the form and content of any required disclosure; and Determining the nature and extent of signif icant r isks ( including the environmental, social and governance (“ESG”) risks) that the Group are willing to take in achieving the strategic objectives and formulate the Group’s risk management strategies.30 GIORDANOINTERNATIONALLIMITEDANNUAL REPORT 2023年報佐丹奴國際有限公司企業管治報告書CORPORATEGOVERNANCEREPORT組成截至2023年12月31日止至本報告日期，董事會由三位獨立非執行董事、兩位非執行董事以及三位執行董事組成。

獨立非執行董事及非執行董事帶來多方面的專業知識、技能和經驗，及為本集團提供有效指引，並為本集團面對重大決策帶來局外的觀點。

為協助其履行職責，董事可隨時與本公司之內部審計師及外聘核數師直接接觸，而且本公司亦已訂立有關程序，讓董事尋求獨立的專業意見，相關費用將由本公司支付。

基於董事會的整體組合及每位董事之獨特專業知識、技能和經驗，本集團相信董事會架構能提供適當及足夠之監察及制衡，以保障本公司及其股東的利益。

董事會將定期檢討其組合，確保其於專業知識、技能及經驗方面維持適當的平衡及多元化，以繼續有效地領導及監管本公司之業務。

董事之個人資料詳情載於本年報第20頁至第25頁。

董事會重視本集團所有層面之多元化（包括性別多元化）。

有關本集團之性別比例之詳情連同相關數據，請參閱本報告「職場性別多元化政策」一節及本年報第ESG.1至ESG.68頁之環境、社會及管治報告。

提名委員會每年審閱一次董事會多元化政策，該政策最近於2023年11月2日審閱。

遵照原則，董事會成立了三個董事委員會：即審核委員會、提名委員會及薪酬委員會。

此外，亦成立了管理委員會及風險管理委員會，為董事會及董事委員會提供支援。

於2023年度內及直至本報告日期，董事會、審核委員會、提名委員會及薪酬委員會之組成載於下文，而管理委員會及風險管理委員會的組合於本報告的相關部分披露。

CompositionAt as December 31,2023 and up to the date of this report, the Board comprises three Independent Non-executive Directors, two Non-executive Directors and three Executive Directors.The Independent Non-executive Directors and the Non-executive Directors bring a diverse range of expertise, skills and experience and provide effective guidance and an outside perspective on major decisions of the Group. To assist in the discharge of their duties, the Directors have free and direct access to both the Company’s internal and external auditors and procedures are in place to allow the Directors to obtain independent professional advice at the Company’s expense.Given the overall composition of the Board and the expertise, skills and experience that each Director brings individually, the Group believes that the Board is appropriately structured to provide sufficient checks and balances to protect the interests of the Company and its Shareholders. The Board will regularly review i ts composit ion to maintain a proper balance and diversity of expertise, skills and experience to ensure continued effective leadership and oversight of the Company’s businesses. Biographical details of the Directors are set out on pages 20 to 25 of this annual report.The Board places emphasis on diversity ( including gender diversity) across all levels of the Group. Details on the gender ratio of the Group together with relevant data can be found in the section titled “Gender Diversity of Workforce” of this report and the ESGReport on pages ESG.1 to ESG.68 of this annual report. The Nomination Committee reviews the Board Diversity Policy on an annual basis and the policy was last reviewed on November 2, 2023.In accordance with the Principles, the Board has established three Board Committees: the Audit Committee, the Nomination Committee and the Remuneration Committee. In addition, a Management Committee and a Risk Management Committee are also in place to support the Board and the Board Committees. During the year of 2023 and up to the date of this report, the composition of the Board, the Audit Committee, the Nomination Committee and the Remuneration Committee are set out below. The composit ion of the Management Committee and Risk Management Committee are disclosed in the relevant sections of this report.ANNUAL REPORT 2023年報GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司企業管治報告書CORPORATEGOVERNANCEREPORT31審核委員會提名委員會薪酬委員會董事會成員Members of the BoardAuditCommitteeNominationCommitteeRemuneration Committee 執行董事Executive Directors劉國權博士Dr. LAUKwok Kuen, Peter — CM（主席兼行政總裁） (Chairman and Chief Executive)陳嘉緯博士Dr. CHANKa Wai — — —羅學文先生Mr. Mark Alan LOYND — — —非執行董事Non-executive Directors曾安業先生Mr. TSANGOn Yip, Patrick — — —李志軒先生Mr. LEEChi Hin, Jacob — — —獨立非執行董事Independent Non-executive Directors畢滌凡博士Dr. Barry John BUTTIFANTCMM黃旭教授Professor WONGYuk (alias, HUANGXu) MMCAlison Elizabeth LLOYD博士Dr. Alison Elizabeth LLOYDMM — 附註：C有關董事委員會的主席M有關董事委員會的成員各董事會成員之間並沒有根據企業管治守則披露的財務、業務、親屬或其他重大或相關之關係。

本公司之非執行董事曾安業先生，現為拿督鄭裕彤博士家族私人投資控股旗艦公司周大福企業有限公司（「周大福企業」）行政總裁兼董事及主要股東周大福（控股）有限公司之董事；本公司之非執行董事李志軒先生現為周大福企業高級副總裁。

董事會認為，上述關係並不影響該等董事於執行其職務時之獨立判斷及個人誠信。

倘若出現任何利益衝突，相關董事將被要求就適當之事項放棄表決。

Notes:C Chairman of the relevant Board CommitteesMMember of the relevant Board CommitteesThe Board members have no financial, business, family or other material or relevant relationships with each other required to be disclosed under the CGCode. Mr. TSANGOn Yip, Patrick, a non-executive Director, serves as the chief executive officer and a director of Chow Tai Fook Enterprises Limited (“CTFE”), the flagship private investment holding company of Dato’ Dr Cheng Yu Tung’s family and a director of Chow Tai Fook (Holding) Limited, a substantial Shareholder; and Mr LEEChi Hin, Jacob, a non-executive Director, serves as a senior vice president of CTFE.It is the Board’s opinion that these relationships do not affect the Directors’ independent judgment and integrity in executing their roles and responsibilities. The relevant Directors will be asked to abstain from voting on matters as appropriate if and when any conflicts of interests arise.32 GIORDANOINTERNATIONALLIMITEDANNUAL REPORT 2023年報佐丹奴國際有限公司企業管治報告書CORPORATEGOVERNANCEREPORT董事之委任、重選及罷免董事會經聽取提名委員會之建議委任新任董事。

提名委員會評估董事會候選董事時會考慮一系列觀點（包括但不限於根據公司董事會多元化政策中的多元化）。

根據本公司於2023年5月19日採納之公司細則（「新公司細則」），任何由董事會委任（以填補董事會臨時空缺或作為現有董事會新增成員）之新董事（主席或董事總經理除外）須於其獲委任後本公司舉行之下一次股東周年大會上（「股東周年大會」）退任及由股東重選。

於每屆股東周年大會上，三分之一（或最接近但不少於三分之一）之董事（主席或董事總經理除外）須輪值告退，惟每位董事（主席或董事總經理除外）（包括有指定任期之董事）須最少每三年輪值告退一次。

公司細則亦准許以一項普通決議案罷免董事。

守則條文第B.2.2條規定，每名董事（包括有指定任期之董事）應輪值告退，至少每三年一次。

非執行董事的初始任期均為三年，之後將繼續連任，直至非執行董事或本公司發出不少於一個月之事先書面通知終止。

此外，所有非執行董事亦須遵守公司細則及守則條文第B.2.2條之規定，每三年最少輪值告退一次及於股東周年大會上獲股東重選連任。

董事會認為，穩定性和持續性是成功實施本集團業務計劃的關鍵因素。

董事會相信，主席的角色具連續性是對本集團有利。

因此，董事會認為目前主席應獲豁免遵守這項安排。

Appointment, Re-election and Removal of DirectorsThe appointment of a new Director is made by the Board upon recommendation by the Nomination Committee. The Nomination Committee considers a range of perspectives (including, but not limited to diversity in accordance with the Company’s Board Diversity Policy) when assessing potential candidates for the Board.According to the Company’s Bye-Laws adopted on May 19, 2023 (the “New Bye-Laws”), any new Director (other than the Chairman or the Managing Director) appointed by the Board (either to fill casual vacancy on the Board or as an addition to the existing Board) is subject to retirement and re-election by Shareholders at the next annual general meeting of the Company (the “AGM”) following their appointment. At each AGM, one-third (or the number nearest to, but not less than one-third) of the Directors (other than the Chairman or the Managing Director) will retire from office by rotation, and every Director (other than the Chairman or the Managing Director), including those appointed for a specific term, is subject to retirement by rotation at least once every three years.The Bye-Laws also allow for removal of a Director by an ordinary resolution.Code Provision B.2.2 provides that every director, including those appointed for a specific term, should be subject to retirement by rotation at least once every three years.Non-executive Directors have been appointed for an initial term of three years and will continue in office thereafter subject to termination by not less than one month’s prior notice in writing by either the Non-executive Director or the Company. In addition, all Non-executive Directors are required to retire from office by rotation and are subject to re-election by Shareholders at the AGM at least once every three years pursuant to the Bye-Laws and Code Provision B.2.2.In the opinion of the Board, stability and continuation are key factors to the successful implementation of business plans of the Group. The Board believes that it is beneficial to the Group that there is continuity in the role of the Chairman and, therefore, the Board is of the view that the Chairman should be exempt from this arrangement at the present time.ANNUAL REPORT 2023年報GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司企業管治報告書CORPORATEGOVERNANCEREPORT33獨立非執行董事於本回顧年度內，董事會的組成一直遵守上市規則第3.10及3.10A條之條文。

雖然其中一位獨立非執行董事（即畢滌凡博士）自1995年3月3日起（即超過九年）出任董事會成員，而其任期可能與釐定獨立性有關，惟我們非常明白個別人士的獨立性不能只靠他們服務年期來釐定。

在評估獨立非執行董事的獨立性時，董事會及提名委員會考慮到個別董事於服務年期內向董事會作出的貢獻所呈現出的個性及判斷，並會考慮其他相關因素。

儘管畢滌凡博士之服務年期，我們相信彼能提供寶貴的專業知識、經驗、持續性及穩定性予董事會。

彼在本公司的服務年期並未影響其行使獨立判斷，及本公司更大大受惠於彼因對本公司之深入了解，以及彼在本公司以外的工作和經驗而對本公司作出的貢獻及寶貴的見解。

在過去的多年，畢滌凡博士表達了客觀的觀點並為公司提供了獨立的指導。

所有獨立非執行董事已向本公司提供根據上市規則第3.13條之獨立性確認書。

基於提名委員會進行之年度審閱，董事會認為，根據上市規則，所有獨立非執行董事均為獨立人士。

守則條文第B.2.3條規定，倘獨立非執行董事在任已超過九年，其續任須由股東以獨立決議案批准。

為遵守守則條文第B.2.3條的規定，畢滌凡博士自願退任，並於2022年5月20日舉行的股東周年大會上獲重選為董事。

根據公司細則第84(1)及84(2)條規定，畢滌凡博士亦將會於應屆股東周年大會上輪值告退。

彼符合資格惟無意於會上膺選連任。

Independent Non-executive DirectorsDuring the year under review, the composition of the Board at all times complied with rules 3.10 and 3.10A of the Listing Rules.Although one of our Independent Non-executive Directors; namely, Dr. Barry John BUTTIFANT, has served as our Board members since March 3,1995 (i.e. for more than nine years) and that may be relevant to the determination of independence, it is well-recognized that an individual’s independence cannot be determined solely on the basis of their length of service. In assessing the independence of Independent Non-executive Directors, the Board and the Nomination Committee take into account the character and judgement demonstrated by the Directors’ commitment and contribution to the Board during their years of service and other relevant factors.We believe that, despite his length of service, Dr. BUTTIFANT has continued to provide invaluable expertise, experience, continuity and stability to the Board. His term of service to the Company has not affected his exercise of independent judgement, and the Company has benefited from his contribution and the valuable insights derived from his in-depth knowledge of the Company and from his work and experience outside of the Company. Dr. BUTTIFANT has expressed object ive views and given independent guidance to the Company over the past years.All Independent Non-executive Directors had provided their confirmation of independence to the Company in accordance with rule 3.13 of the Listing Rules. Based on the annual review conducted by the Nomination Committee, the Board is of the view that al l Independent Non-executive Directors are independent in accordance with the Listing Rules.Code Provision B.2.3 provides that if an independent non-executive director serves more than nine years, his/her further appointment should be subject to a separate resolution to be approved by the Shareholders.To comply with Code Provision B.2.3, Dr. BUTTIFANT retired voluntarily and was re-elected as Director at the AGM held on May 20,2022. Dr. BUTTIFANT shall also retire by rotation at the forthcoming AGM in accordance with Bye-Laws 84(1) and 84(2) of the Bye-Laws. He is being eligible but does not offer himself for re-election.34 GIORDANOINTERNATIONALLIMITEDANNUAL REPORT 2023年報佐丹奴國際有限公司企業管治報告書CORPORATEGOVERNANCEREPORT董事會會議董事會每年召開四次定期會議，亦會在有需要時召開更多會議。

董事會的定期會議舉行日期會預先訂定，致使全體董事會成員能安排出席。

本公司公司秘書（「公司秘書」）協助主席擬訂董事會會議議程，而每位董事均獲邀提出任何擬在該會議中討論或動議的事項。

董事會會議的通告均於會議舉行前至少14天前送交定期董事。

至於其他董事會及委員會會議則於合理時間前發出通告。

此外，全體董事可與公司秘書聯繫，要求公司秘書（其亦為集團法律總監）提供意見和服務，以確保董事會的程序和適用的法律、規則和規例得以遵守。

董事會會議議程及文件在不少於董事會或委員會會議舉行前不少於三天（或儘快在較短通知期間內安排召開會議）送予全體董事及其他列席人士，以確保彼等可及時地獲得一切有關會議之資料。

董事會和委員會會議的會議記錄草稿將分發給所有董事或委員會成員以供批准，最終會議記錄由公司秘書保存並供所有董事查閱。

根據公司細則，任何董事未能親身出席任何董事會會議可藉著電話會議或其他安排參與董事會會議。

另按照公司細則，若未能召開董事會會議，則可藉著傳閱有關緊急事宜之書面決議案而取得董事會批准。

當傳閱書面決議案之同時，本公司亦會向董事提供足夠的資料和說明材料。

截至2023年12月31日止年度內，舉行了四次董事會會議以檢討本集團季度業務最新資料和討論本集團之未來策略、政策及預算以及其他事務。

此外，董事會通過了六套書面決議案。

Board meetingsThe Board holds four regular meetings a year while additional meetings are held as and when required. Regular Board meetings are scheduled in advance to faci l i tate the ful lest possible attendance.The company secretary of the Company ( the “Company Secretary”) assists the Chairman in setting the agenda of the Board meetings and each Director is invited to present any business that they wish to discuss or propose at such meetings. Notices of regular Board meetings are served to the Directors at least 14 days before meetings. For other Board and committee meetings, reasonable notice is generally given. Furthermore, all Directors have access to the Company Secretary, who is also the Group’s General Counsel, for advice and services to ensure that board procedures and applicable laws, rules and regulations are adhered to. Agenda and accompanying Board papers are circulated to all Directors and other attendees not less than three days (or where meetings are called at short notice, as soon as practicable) before the Board or committee meetings to ensure timely access to relevant information. Draft minutes of the Board and committee meetings are circulated to all Directors or committee members for approvals and finalized minutes are kept by the Company Secretary and open for inspection by all Directors.Any Director who is unable to physically attend any Board meeting may participate electronically by conference call or via alternate arrangements in accordance with the Bye-Laws. Moreover, pursuant to the Bye-Laws, Board approval may also be obtained by way of circulation of a resolution in writing on urgent matters when convening a Board meeting is not practicable. Sufficient information and explanatory materials will be provided to the Directors at the same time when a resolution in writing is circulated.During the year ended December 31,2023, four Board meetings were held to review the quarterly operational updates of the Group, and to discuss the Group’s strategies, policies and budgets going forward, as well as other business. In addition, six sets of resolutions in writing were passed.ANNUAL REPORT 2023年報GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司企業管治報告書CORPORATEGOVERNANCEREPORT35董事之出席率及所付出時間各董事於截至2023年12年31日止年度的董事會、審核委員會、提名委員會、薪酬委員會會議及股東周年大會之出席率如下：董事會會議審核委員會會議提名委員會會議薪酬委員會會議股東周年大會BoardMeetingAudit Committee MeetingNomination Committee MeetingRemuneration Committee Meeting AGM 執行董事Executive Directors劉國權博士（主席兼行政總裁）Dr. LAUKwok Kuen, Peter (Chairman and Chief Executive) 4/4不適用N/A 2/32/21/1陳嘉緯博士Dr. CHANKa Wai 4/4不適用N/A不適用N/A不適用N/A 1/1羅學文先生Mr. Mark Alan LOYND 4/4不適用N/A不適用N/A不適用N/A 1/1非執行董事Non-executive Directors曾安業先生Mr. TSANGOn Yip, Patrick 4/4不適用N/A不適用N/A不適用N/A 1/1李志軒先生Mr. LEEChi Hin, Jacob 4/4不適用N/A不適用N/A不適用N/A 1/1獨立非執行董事Independent Non-executive Directors畢滌凡博士Dr. Barry John BUTTIFANT 3/43/33/32/21/1黃旭教授Professor WONGYuk (alias, HUANGXu) 3/43/33/32/21/1Alison Elizabeth LLOYD博士Dr. Alison Elizabeth LLOYD 4/43/33/3不適用N/A 1/1為了促進坦誠及公開討論事務，獨立非執行董事可不時在沒有執行董事出席下會面討論。

董事培訓本公司鼓勵所有董事參與持續專業發展以發展並更新彼等之知識及技能。

本公司向每名新委任的董事提供全面的就任資料文件，確保該等董事充份知悉其作為香港上市公司董事的職責及責任。

Directors’ attendance and time commitmentAttendances of each Director at the meetings of the Board, Audit Committee, Nomination Committee, Remuneration Committee and the AGM during the year ended December 31,2023 are as follows:In order to facilitate free and open discussion of issues, the Independent Non-executive Directors may also meet without the presence of the Executive Directors from time-to-time.Training for DirectorsAll Directors are encouraged to part ic ipate in continuous professional development to develop and refresh their knowledge and skills. The Company provides a comprehensive induction package to each newly appointed Director to ensure that they are sufficiently aware of their responsibilities and obligations as directors of a company listed in Hong Kong.36 GIORDANOINTERNATIONALLIMITEDANNUAL REPORT 2023年報佐丹奴國際有限公司企業管治報告書CORPORATEGOVERNANCEREPORT本公司定期就有關本集團業務的變動及發展提供更新及簡報。

公司秘書不時向董事匯報上市規則、企業管治常規以及其他監管制度的最新變動及發展，並提供就董事職責及責任相關監管規定的最新發展閱讀資料。

董事姓名Name of Directors閱讀監管方面的最新資料出席有關業務或董事職責之簡報╱研討會╱會議ReadingregulatoryupdatesAttending expertbriefings/seminars/conferencesrelevant to thebusiness ordirectors’ duties 執行董事Executive Directors劉國權博士（主席兼行政總裁）Dr. LAUKwok Kuen, Peter (Chairman and Chief Executive) 陳嘉緯博士Dr. CHANKa Wai 羅學文先生Mr. Mark Alan LOYND 非執行董事Non-executive Directors曾安業先生Mr. TSANGOn Yip, Patrick 李志軒先生Mr. LEEChi Hin, Jacob 獨立非執行董事Independent Non-executive Directors畢滌凡博士Dr. Barry John BUTTIFANT 黃旭教授Professor WONGYuk (alias, HUANGXu) Alison Elizabeth LLOYD博士Dr. Alison Elizabeth LLOYD 董事及高級人員責任保險本公司已安排合適之董事及高級人員責任保險，此舉符合企業管治守則。

The Company provides regular updates and presentations on changes and developments relating to the Group’s business and the Company Secretary reports from time-to-time on the latest changes and development of the Listing Rules, corporate governance practices and other regulatory regimes to the Directors and provides them with reading materials relating to the latest development of regulatory requirements relevant to director’s duties and responsibilities.Directors’ and officers’ liabilities insuranceThe Company has arranged appropriate directors’ and officers’ liability insurance in line with the CGCode.ANNUAL REPORT 2023年報GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司企業管治報告書CORPORATEGOVERNANCEREPORT37主席與行政總裁現時劉國權博士同時出任主席兼行政總裁之職位。

此做法偏離守則條文第C.2.1條，該條文列明主席與行政總裁之角色應有所區分，並不應由一人同時兼任。

由於劉博士在業界具有豐富經驗及對本集團業務有深厚認識，董事會認為由劉博士同時兼任主席兼行政總裁之職位能為本集團提供強勢及貫徹之領導，並能更有效地策劃和推行長期商業策略，以及提高決策的效率。

董事會亦相信本公司已擁有合適公司實際情況的強大企業管治架構，確保能有效地監管其管理層。

該架構的主要元素包括：董事會八位成員中有五位為非執行董事；審核委員會成員包括全部獨立非執行董事；確保全部獨立非執行董事可隨時與本公司之內部審計師及外聘核數師直接接觸，並在有需要時尋求獨立專業意見；及設立「密函檢舉」及「反腐敗」機制。

有關「密函檢舉」及「反腐敗」機制之詳情載於「風險管理及內部監控」一節作進一步討論。

董事會相信，上述措施能確保獨立非執行董事及非執行董事有效地督導本集團之管理層和就策略、風險和誠信等範疇提供有效的監管。

董事會將不斷檢討本集團企業管治架構之成效，以評估是否需要作出任何修改。

CHAIRMANANDCHIEFEXECUTIVECurrently, Dr. LAUKwok Kuen, Peter, holds the positions of Chairman and Chief Executive. Such practice deviates from Code Provision C.2.1 which stipulates that the roles of chairman and chief executive should be separate and should not be performed by the same individual.In view of Dr. LAU’s extensive experience in the industry and deep understanding of the Group’s businesses, the Board believes that vesting the roles of both Chairman and Chief Executive in Dr. LAU provides the Group with strong leadership, allowing for more effective planning and execution of long term business strategies and enhances efficiency in decision-making.The Board also believes that the Company already has a strong corporate governance structure appropriate for its circumstances in place to ensure effective oversight of Management. The main elements of this structure include: Having five Non-executive Directors out of eight of the Board; Including all Independent Non-executive Directors as Audit Committee members; Ensuring that all Independent Non-executive Directors have free and direct access to both the Company’s internal and external auditors and independent professional advice where necessary; and Having “whistle-blowing” and “anti-corruption” mechanisms in p lace. Detai ls of the “whist le-blowing” and “ant i-corruption” mechanisms are further discussed under the section “Risk Management and Internal Control”.The Board believes that these measures enable our Independent Non-execut ive Directors and Non-execut ive Directors to rigorously supervise the Group’s management and effectively control key issues relating to strategy, risk and integrity. The Board continually reviews the effectiveness of the Group’s corporate governance structure to assess whether any changes are necessary.38 GIORDANOINTERNATIONALLIMITEDANNUAL REPORT 2023年報佐丹奴國際有限公司企業管治報告書CORPORATEGOVERNANCEREPORT董事委員會審核委員會審核委員會由全部獨立非執行董事組成，並由畢滌凡博士出任主席，彼為一位在財務匯報及監控方面具資深經驗的合資格會計師。

審核委員會主要負責委任、重新委任及罷免外聘核數師、審閱及監控外聘核數師之獨立客觀及審核程序之有效性，以及與外聘核數師討論審核之性質及範疇。

該委員會同時負責審閱本集團之財務資料、監察本集團之財務匯報系統、風險管理及內部監控系統，並在評核本集團中期及末期業績後，向董事會作出建議批准相關業績。

為此，審核委員會可不受限制地與本公司之內部審計師及外聘核數師接觸。

審核委員會之職權範圍已載於本公司及香港交易及結算所有限公司（「香港交易所」）之網頁。

審核委員會每年最少舉行兩次會議，以審閱財務匯報、檢討風險管理及內部監控事宜。

風險管理委員會主席（其亦為執行董事及公司秘書）、集團內部審計（「內部審計」）副總監及集團財務職能主管連同內部審計顧問信永方略風險管理有限公司（「信永方略」）統稱（「內部審計團隊」）及本公司外聘核數師之代表應出席會議。

審核委員會亦可酌情邀請其他管理層成員出席會議。

BOARDCOMMITTEESAudit CommitteeThe Audit Committee comprises all Independent Non-executive Directors and is chaired by Dr. Barry John BUTTIFANT, a qualified accountant with extensive experience in financial reporting and controls.The Audit Committee is responsible for the appointment, re-appointment and removal of the external auditor, reviewing and monitoring the external auditor’s independence and objectivity and the effectiveness of the audit process and discussing with the external auditor the nature and scope of the audit. It is also responsible for reviewing the Group’s financial information, overseeing the Group’s financial reporting system and risk management and internal control systems and reviewing the interim and final results of the Group prior to recommending them to the Board for approval. To this end, the Audit Committee has unrestricted access to both the Company’s internal and external auditors. Its terms of reference are available on the websites of the Company and Hong Kong Exchange and Clearing Limited (the “HKEX”).The Audit Committee meets at least twice a year to review financial reporting and risk management and internal control matters. The chairman of the Risk Management Committee (who is also an executive Director and the Company Secretary), the Associate Director of Group Internal Audit (“IA”), the Head of the Group’s Finance function together with the IAAdvisor, SHINEWINGRisk Services Limited (“SHINEWING”) collectively, the (“IATeam”), and representatives of the external auditor of the Company are expected to attend the meetings. At the discretion of the Audit Committee, other members of management may also be invited to attend its meetings.ANNUAL REPORT 2023年報GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司企業管治報告書CORPORATEGOVERNANCEREPORT39於2023年，審核委員會舉行了三次會議。

於會上，審核委員會與外聘核數師審閱審核策略摘要、截至2022年12月31日止末期業績及截至2023年6月30日止六個月中期業績。

審核委員會亦有檢討內部審計團隊的工作及其內部審計報告，並且與董事會討論其報告關於本集團業務運作的調查結果及建議。

此外，審核委員會更與管理層共同評估本集團的風險管理及內部監控系統，以確保其成效，尤其關注負責本集團的會計及財務報告之員工是否具備足夠資源、資格和經驗，及其訓練課程和預算是否充足。

年內，審核委員會亦採納了非核數服務之非核證服務審批政策。

外聘核數師可在政策批准範圍內向本集團提供非核數服務，惟不能影響其提供核數服務時之獨立性。

審核委員會亦審閱本集團於本年度內進行的持續關連交易的條款及條件，所有該等交易獲全面豁免遵守根據上市規則第14A章作出申報之規定。

於回顧年度內，董事會與審核委員會在外聘核數師的選擇、委任、辭任或解僱方面並無意見分歧。

提名委員會董事會成立提名委員會，由四位董事會成員（主要為獨立非執行董事）組成，並由董事會主席劉國權博士出任主席。

提名委員會之主要職責為定期檢討董事會架構、規模、組成及多元化（包括其技能、知識及經驗），並物色合適人選加入董事會。

其職責亦包括評核獨立非執行董事之獨立性及就委任或重新委任董事及董事之繼任計劃等相關事宜向董事會提供建議。

提名委員會之建議其後將提呈董事會考慮及採納（如適用）。

提名委員會的職權範圍已載於本公司及香港交易所之網頁。

In 2023, the Audit Committee held three meetings. During the meetings, the Audit Committee, alongside the external auditor, reviewed the audit strategy summary, the final results for the year ended December 31,2022 and the interim results for the six months ended June 30,2023. The Audit Committee also reviewed the activit ies of the IA team and its internal audit report, and discussed with the Board the report’s f indings and recommendations on the Group’s business operations. Furthermore, it also evaluated, together with Management, the Group’s risk management and internal control systems to ensure its effectiveness, paying particular attention to the adequacy of resources, the qualifications and experience of the Group’s accounting and financial reporting staff, as well as their training programs and budget. During the year, the Audit Committee also adopted a Non-Assurance Services Concurrence Policy on engagement of external auditor for non-audit services. The external auditor may provide non-audit services to the Group as permitted under the policy provided that the external auditor’s independence of audit work shall not be impaired.The Audit Committee also reviewed the terms and conditions of continuing connected transactions of the Group which took place during the year, all of which were fully exempt from reporting requirements under Chapter 14A of the Listing Rules.There was no disagreement between the Board and the Audit Committee on the select ion, appointment, resignat ion or dismissal of the external auditor during the year under review.Nomination CommitteeThe Board established the Nomination Committee comprising four Board members, the majority of which are Independent Non-executive Directors, and is chaired by Dr. LAUKwok Kuen, Peter, the Chairman of the Board.The main duties of the Nomination Committee are to review the structure, size, composition and diversity (including the skills, knowledge and experience) of the Board, on a regular basis, and to identify individuals qualified to become Board members. It is also responsible for assessing the independence of Independent Non-executive Directors and making recommendations to the Board on relevant matters relating to the appointment or re-appointment of Directors and succession planning for Directors. The recommendations of the Nomination Committee are then put forward for consideration and, where appropriate, adoption by the Board. Its terms of reference are available on the websites of the Company and the HKEX.40 GIORDANOINTERNATIONALLIMITEDANNUAL REPORT 2023年報佐丹奴國際有限公司企業管治報告書CORPORATEGOVERNANCEREPORT於2023年，提名委員會舉行了三次會議，檢討董事會多元化政策及提名政策、檢討董事會的架構、規模、組成、技能和多元化矩陣、向董事會建議輪值告退董事名單、評核獨立非執行董事的獨立性、接納更新主席兼行政總裁的服務協議，以及考慮高級管理人員的委任。

董事會多元化政策本公司知悉董事會層面日益多元化將為達成本公司策略目標及可持續發展提供支持。

本公司決定董事會最佳成員組合時，亦將不時考慮其本身業務模式及具體需要。

有見及此，於2013年，董事會採納董事會多元化政策。

提名委員會將按一系列多元化範疇為基準，包括但不限於性別、年齡、文化及教育背景、種族、專業經驗、技能、知識、服務任期及其他質素。

最終將按人選的長處及可為董事會提供的貢獻而作決定。

最終決定將基於該選定候選人的優點和將為董事會帶來的貢獻。

董事會多元化政策側重於以下領域：－(i)增加董事會層面的多元化，這被認為是保持競爭優勢的基本要素；(ii)董事在技能、地區和行業經驗、背景、種族、性別和其他素質方面的差異；(iii)確定董事會的最佳組成，並在可能的情況下適當平衡；和(iv)董事的任命是根據績效，在董事會有效地作為一個整體需要的技能和經驗的背景下進行的。

提名委員會至少每年審閱董事會多元化政策，該政策最近於2023年11月2日經審閱。

In 2023, the Nomination Committee held three meetings to review the board diversity policy and the nomination policy, to review the structure, size, composition, skills and diversity matrix of the Board, to recommend the rotation list of Directors to the Board, to assess the independence of the Independent Non-executive Directors, to accept the renewal of the service agreement of the Chairman and Chief Executive and to consider the appointment of senior management.Board Diversity PolicyThe Company recognizes that increasing diversity at the Board level will support the attainment of the Company’s strategic objectives and sustainable development. The Company will also take into consideration its own business model and specific needs from time-to-time in determining the optimal composition of the Board. In view of this, a board diversity pol icy was adopted by the Board in 2013, the Nomination Committee has set measurable objectives based on a range of diversity perspectives, including, but not limited to gender, age, cultural and educational background, ethnicity, professional experience, skills, knowledge, length of service and other qualities. The ultimate decision will be based on merit and contribution that the selected candidate(s) will bring to the Board. The ultimate decision will be based on merit and contribution that the selected candidate(s) will bring to the Board. The board diversity policy focuses on the following areas:-(i) increasing diversity at the Board level, which is considered an essent ia l e lement in ma in ta in ing a compet i t i ve advantage;(ii) differences in the skills, regional and industry experiences, background, race, gender and other qualities of Directors;(iii) determining the opt imum composit ion of the Board, which, where and when possible, should be balanced appropriately; and(iv) appointments of directors being made on the basis of merit, in the context of the skills and experience that the Board as a whole requires in order to be effective.The Nomination Committee at least annually reviews the Board Diversity Policy and the policy was last reviewed on November 2,2023.ANNUAL REPORT 2023年報GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司企業管治報告書CORPORATEGOVERNANCEREPORT41目前的董事會組成反映了年齡、教育背景、專業知識、行業經驗和董事會服務年限的均衡組合，適合本集團的集務需要。

截至2023年12月31日止至本報告日期，董事會的多元化組合總結如下：截至2023年12月31日止至本報告日期，董事會由八名成員組成，其中三名為執行董事，兩名為非執行董事及三名獨立非執行董事。

他們在董事會的任期由1.25年至30年。

現任董事會由擁有零售、房地產、投資、會計、財務、一般管理、學術及法律背景之專業人士組成。

八名董事中，四名成員年齡在40-49歲之間，兩名成員年齡在50-59歲之間，兩名成員年齡在70-79歲之間。

截至2023年12月31日止至本報告日期，本公司有1名女性董事。

公司致力於隨著時間的推移逐步增加董事會中的女性代表。

在考慮董事會新成員時，將根據客觀標准進行任命，並將適當考慮在董事會中實現和維持多元化的適當平衡，包括在性別方面。

雖然董事會在考慮潛在候選人時有意識地實現董事會的性別多元化，但所有任命都將根據績效進行，同時考慮到集團在相關時間的需求和合適候選人的可用性。

職場性別多元化政策截至2023年12月31日，集團擁有6,500名員工，其中約69.18%為女性。

截至2023年12月31日，本集團高級管理人員中約有45.00%的女性成員，即產品開發、銷售和採購主管及不同市場的總經理。

董事會定期評估集團各級員工的多元化概況，並考慮多元化政策以從盡可能廣泛的可用人才庫中吸引、留住和激勵員工。

董事會認為本集團（包括高級管理層）員工隊伍的性別比例適合本集團的營運，並將致力維持此比例。

The current Board composi t ion re f lects a ba lanced mix of age, educational background, professional knowledge, industry experience and length of service to the Board which is appropriate for the needs of the business of the Group. The diversity mix of the Board as at December 31,2023 and up to the date of this report is summarized below:As at December 31,2023 and up to the date of this report, the Board consists of eight members, three of whom are executive directors, two are non-execut ive directors and three are independent non-executive directors who have served on the Board for a period ranging from 1.25 to 30 years. The Board is composed of professionals with retail, real estate, investment, accounting, finance, general management, academic and legal backgrounds. Of the eight Directors, four members were aged between 40-49, two members were aged between 50-59, and two members were aged between 70-79.As at December 31,2023 and up to the date of this report, the Company has one female director. The Company is committed to increasing the female representation on the Board gradually over t ime. When considering new members for the Board, appointments will be made by considerations of objective criteria and due regard will be made to achieving and maintaining an appropriate balance in diversity, including in terms of gender, on the Board. Whilst the Board is conscious of achieving gender diversity on the Board when considering potential candidates, all appointments will be made on the basis of merit, taking into account the needs of the Group at the relevant time and the availability of suitable candidates.Gender Diversity of WorkforceAs at December 31,2023, the Group had 6,500 employees, approximately 69.18% of whom were female. As at December 31,2023, the Senior Management of the Group comprised approximately 45.00% female members, being the Head of Product Development, Merchandising & Buying and general managers in various markets. The Board regularly assesses the Group’s diversity profile of all levels of employees and considers the diversity policy to attract, retain and motivate employees from the widest possible pool of available talent. The Board considers that the gender ratio of the workforce of the Group, including the Senior Management, is appropriate for the operations of the Group and will strive to maintain this ratio.42 GIORDANOINTERNATIONALLIMITEDANNUAL REPORT 2023年報佐丹奴國際有限公司企業管治報告書CORPORATEGOVERNANCEREPORT提名政策鑑於企業管治守則的修訂自2019年1月1日起生效，提名委員會於2018年11月8日採納了提名政策及於2022年11月3日採納更新的董事提名政策，以訂立在考慮委任候選人或重選董事時的提名程序以及遴選準則。

按提名政策，提名委員會將遵循下列程序以及遴選及推薦準則：按提名政策，提名委員會將遵循下列程序以遴選及推薦準則：至少每年檢討董事會的架構、規模及多元化，並就任何為配合本公司的策略目標而擬對董事會組成作出的變動提出建議；物色具備合適資格可擔任董事會成員的人選時，應考慮有關人選的長處，並根據客觀準則充分顧及董事會多元化的裨益。

提名委員會根據上市規則、提名政策及董事會多元化政策以考慮該侯選人士的合適性，以及該侯選人士擔任獨立非執行董事的獨立性；及因應本公司的企業策略及往後需要的技能、知識、經驗及多元化組合，挑選或就委任或重新委任董事會成員向董事會提出建議。

提名委員會將不時審閱提名政策，並可在相關時間採納適當的變更。

薪酬委員會薪酬委員會由三位董事會成員（主要為獨立非執行董事）組成，並由獨立非執行董事黃旭教授出任主席。

Nomination PolicyIn view of the amendments to the CGCode which took effect from January 1,2019, on November 8,2018, the Nomination Committee adopted a director nomination policy with updates on November 3,2022, which sets out the selection criteria and nomination procedures and process when considering candidates to be appointed or re-appointed as Directors.In the nomination policy, the Nomination Committee will follow the nomination procedures and the process and criteria as follows: Reviewing the structure, size and diversity of the Board at least annual ly and make recommendations on any proposed changes to the Board composition in line with the Company’s strategic objectives; Identifying individuals suitably qualified to become Board members on merit and in accordance with the objective criteria, with due regard for the benefits of diversity on the Board. The Nomination Committee shall consider suitability of a candidate pursuant to the Listing Rules, the nomination policy and Board diversity policy, and the independence of an individual for the position of independent non-executive director; and Selecting or making recommendations to the Board on the appointment or re-appointment of the Board members, taking into account the Company’s corporate strategy and the mix of skills, knowledge, experience and diversity needed in the future.The Nomination Committee will review the nomination policy from time-to-time and may adopt changes as appropriate at the relevant time.Remuneration CommitteeThe Remuneration Committee comprises three Board members, the majority of which are Independent Non-executive Directors, and is chaired by Professor WONGYuk (alias, HUANGXu), an Independent Non-executive Director.ANNUAL REPORT 2023年報GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司企業管治報告書CORPORATEGOVERNANCEREPORT43本公司採納企業管治守則所建議之兩種模式其中之一守則條文第E.1.2(c)(i)條。

薪酬委員會負責(i)就公司與所有董事和高級管理人員的薪酬和報酬有關的政策和結構向董事會提出建議，(ii)以授權責任確定個別執行董事和高級管理人員的薪酬待遇，以及(iii)制定就非執行董事的薪酬向董事會提出建議。

薪酬委員會亦負責根據上市規則第17章審閱及╱或批准有關股份計劃的事宜。

當審閱個別董事之薪酬待遇時，相關董事為免涉及任何利益衝突須放棄表決。

薪酬委員會的職權範圍根據股份計劃上市規則的修訂於2023年1月1日修訂，該已更新的職權範圍可在本公司網站和聯交所網站查閱。

於2023年，薪酬委員會舉行了兩次會議，以檢討及批准主席兼行政總裁之薪酬，檢討及批准支付予個別執行董事和高級管理人員的薪酬待遇。

概無薪酬委員會成員參與訂定他們本身的薪酬。

於本年內，並無有關本公司購股權計劃之重大事項需要薪酬委員會審議或批准。

薪酬政策本公司明白合理而全面的薪酬待遇是吸引、挽留及激勵高質素人才的重要因素。

因此，本公司致力確保薪酬具競爭力，並且符合本公司之目標和表現。

本公司於釐定薪酬政策時考慮多項相關因素，包括同類型公司所支付之薪金、職責、職務和職權、本集團之聘用條件、市場慣例，以及本公司的財務和非財務表現。

薪酬委員會會考慮多方面因素，包括同類型公司所支付的袍金、有關董事所付出的時間、肩負的職責、預計的工作量，以及本公司的其他聘用條件，以確保獨立非執行董事及非執行董事乃按彼等於本公司付出之時間及職責而獲得適當的報酬。

The Company adopted Code Provision E.1.2(c)(i) out of the two models suggested by the CGCode. The Remuneration Committee is responsible for (i) making recommendations to the Board on the Company’s policy and structure relating to remuneration and compensation for all Directors and senior management, (i i) determining, with delegated responsibility, the remuneration packages of individual executive Directors and senior management and (iii) making recommendations to the Board on the remuneration of non-executive Directors. The Remuneration Committee is also responsible for reviewing and/or approving matters relating to share schemes under Chapter 17 of the Listing Rules. When the remuneration package of an individual Director is under review, the Director in question is required to abstain from voting to avoid any conflict of interest. The terms of reference of the Remuneration Committee were revised on January 1,2023 in accordance with the amendments to Listing Rules relating to share schemes and the updated terms of reference are available on the websites of the Company and the HKEX.In 2023, the Remuneration Committee held two meetings to review and approve the remuneration of the Chairman and Chief Executive and to review and approve the remuneration packages of individual Executive Directors and senior management. No member of the Remuneration Committee was involved in deciding their own remuneration. During the year, there were no material matters relating to the share option scheme of the Company which required review or approval by the Remuneration Committee.Remuneration PolicyThe Company understands that a reasonable and comprehensive remuneration package is an important factor in attracting, retaining and motivating high quality personnel. As such, the Company works to ensure that remuneration is competitive and aligned with the Company’s objectives and performance. The Company takes into consideration a number of relevant factors in determining its remuneration policy, including the salaries paid by comparable companies, job responsibilities, duties and scope, employment conditions in the Group, market practices and the financial and non-financial performance of the Company.The Remuneration Committee considers factors such as the fees paid by comparable companies, time commitment, the responsibilities and likely workload of the relevant Directors and other employment conditions in the Company to ensure that the Independent Non-executive Directors and the Non-executive Directors are appropriately remunerated for their t ime and responsibilities to the Company.44 GIORDANOINTERNATIONALLIMITEDANNUAL REPORT 2023年報佐丹奴國際有限公司企業管治報告書CORPORATEGOVERNANCEREPORT本公司為其僱員（包括主席兼行政總裁以及執行董事）在內之僱員訂出的薪酬組合，包括固定薪酬、現金績效花紅、浮動獎金、長期獎勵金以及退休計劃，詳情載於下文。

固定薪酬包括僱員的基本薪金、津貼及福利（例如醫療福利）。

每個職位的基本薪金和津貼是考慮到本公司之薪酬政策、本公司業績和僱員的個人表現，以及市場情況和慣例後而訂出，並會每年作出檢討。

考慮到集團業務遍報全球，本公司會定期檢討福利，並主要按照當地標準及慣例而釐定。

僱員亦可因應本集團、所屬業務單位及個人層面的表現而獲得該年度現金花紅。

發放給主席兼行政總裁、執行董事以及高級管理人員的花紅乃由薪酬委員會檢討及批准（惟薪酬委員會的任何成員不得參與審核和批准其個人獎金）。

此外，本公司設有銷售額及業務相關獎勵計劃，藉此激勵某些員工，例如前線銷售人員，以達致本公司訂出的銷售額或其他業務目標。

本公司購股權計劃（「2011年購股權計劃」）於2021年6月9日到期，但2011年購股權計劃在到期日前授出的購股權繼續有效，並可按照發行條款行權。

2011年購股權計劃的詳情，以及截至2023年12月31日該計劃下董事和員工已行使和未行使購股權的詳情，載於本年報的「購股權資料」部分。

根據強制性公積金計劃條例，本公司參與一項強積金計劃，該計劃已在強制性公積金計劃管理局登記。

董事及高級管理人員酬金之詳情已載列於本年報第128頁至第130頁之財務報表附註10內。

The Company’s remuneration structure for its employees, (including the Chairman and Chief Executive and the Executive D i r ec to rs ) , i s composed o f f i xed compensa t i on , cash performance bonuses, variable cash incentives, long-term incentives and retirement schemes, as discussed below.Fixed compensation includes an employee’s basic salary, a l lowances and benef i ts (e.g. medical ) . Basic salary and allowances are set and reviewed annually for each position, taking into consideration the Company’s remuneration policy, the Company’s and the individual’s performance as well as market conditions and practices. Benefits are regularly reviewed and determined, given the global reach of the Group’s business, largely on the basis of local standards and practices.Employees may also be eligible to receive an annual cash bonus based on their performance at the Group, business unit and individual levels. The bonuses awarded to the Chairman and Chief Executive, the Executive Directors and senior management are reviewed and approved by the Remuneration Committee (provided that any member of the Remuneration Committee shall not participate in review and approval of his own bonus). In addition, the Company operates sales and business-related incentive schemes to motivate certain staff such as front-line sales associates to achieve specific sales or other business targets of the Company.The share option scheme of the Company (the “2011 Share Option Scheme”) expired on June 9,2021. However, the options granted before the expiry date under the 2011 Share Option Scheme continue to be valid and exercisable in accordance with the terms of issue. The details of the 2011 Share Option Scheme, together with information on options exercised and outstanding in respect of the Directors and employees as at December 31,2023 under the scheme, are set out in the “Share Option Information” section of this annual report.Pursuant to the Mandatory Provident Fund Schemes Ordinance, the Company participates in a MPF scheme registered with the Mandatory Provident Fund Schemes Authority.Details of Directors’ and senior management’s emoluments are set out in Note 10 to the financial statements on pages 128 to 130 of this annual report.ANNUAL REPORT 2023年報GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司企業管治報告書CORPORATEGOVERNANCEREPORT45其他委員會公司已成立其他委員會，以支持董事會和董事委員會履行其治理角色和職責。

風險管理委員會董事會已將本集團風險管理和內部監控系統的權力和責任以及審閱其有效性的權力和責任授予風險管理委員會。

有關風險管理委員會的組成及風險管理委員會開展的工作的進一步詳情載於以下「風險管理及內部監控」一節。

風險管理委員會的主要職責包括監督本集團的風險敞口及提供意見、評估本集團的風險狀況及風險管理能力、發展及檢討本集團內部財務監控、內部監控及風險管理系統的成效，確保應急╱危機計劃和程序到位等。

管理委員會董事會已授權管理委員會負責執行其業務策略及管理本集團之日常業務運作。

管理委員會對董事會全面負責，由主席兼行政總裁及執行董事以及一名高級管理人員代表組成。

管理委員會的職權範圍可在本公司網站查閱。

風險管理及內部監控董事會全面負責評估及釐定本集團達成策略目標時其願意接納的風險性質及程度，並適當及有效地控制本集團的風險管理及內部監控系統（尤其是財務、營運及合規監控及風險管理功能），並持續監察其成效。

OTHERCOMMITTEESThe Company has established other committees to support the Board and the Board Committees in their governance roles and responsibilities.Risk Management CommitteeThe Board has delegated the authority and responsibility for the Group’s risk management and internal control systems and the review of its effectiveness to the Risk Management Committee. Further details on the composition of the Risk Management Committee and the work carried out by the Risk Management Committee are set out under the section of “Risk Management and Internal Control” below. The principal duties of the Risk Management Committee include oversight and advising on risk exposure of the Group, assessment of the risk profile and risk management capabilities of the Group, development and review of the efficacy of the Group’s internal financial controls, internal controls and risk management systems, ensuring contingency/crisis plans and procedures are in place, amongst other things.Management CommitteeThe Board has delegated the authority and responsibility for implementing its business strategies and managing the daily operations of the Group’s businesses to the Management Committee. The Management Committee is fully accountable to the Board and comprises the Chairman and Chief Executive and the Executive Directors together with one senior management representative. The terms of reference of the Management Committee are available on the website of the Company.RISKMANAGEMENTANDINTERNALCONTROLThe Board has overa l l respons ib i l i t y for eva luat ing and determining the nature and extent of the risks it is willing to take in achieving the Group’s strategic objectives, and maintaining appropriate and effective control of the Group’s risk management and internal control systems, particularly in respect of financial, operational and compliance controls and risk management functions, and, as such, monitors the effectiveness on an ongoing basis.46 GIORDANOINTERNATIONALLIMITEDANNUAL REPORT 2023年報佐丹奴國際有限公司企業管治報告書CORPORATEGOVERNANCEREPORT本公司已實行和制訂合適政策及程序，以保障資產不會於未獲授權下使用或處置；控制資本支出；備存妥善而準確之會計紀錄和提高財務報告之可靠性；以及確保營運效益及成效，並遵守適用之法律和法規。

此等政策和程序旨在針對重大的失實報告、損失、錯誤或欺詐行為，以提供合理但並非絕對之保證，以及管理及減低而非完全消除本集團營運系統之失誤風險。

本集團之風險管理及內部監控框架由以下主要部份組成：具界定責任、適當職責劃分及授權的組織及管治架構；財務監控、風險管理及內部監控等系統及程序，以識別及衡量風險，以及每半年進行風險評估以監察風險減輕之進展；營運及財務預算及預測制度，以衡量績效，包括定期分析偏離預算及計劃的情況，及訂定業績指標並作出合適行動以修正不足之處；對重大的合同、重大的資本及經常性支出的評估、檢討和批准有嚴謹的內部程序；設立「密函檢舉」機制，允許以匿名及保密形式向內部審計部舉報欺詐或不當行為（包括董事及高級管理人員）。

內部審計部將該等密函轉交予審核委員會主席，以作進一步行動；及Appropr ia te po l ic ies and procedures have been put in place to safeguard the assets against unauthorized use or disposition; control over capital expenditure; maintain proper and accurate accounting records and enhance the reliability of financial reporting; and to ensure efficiency and effectiveness of operations and compliance with the applicable laws and regulations. Such policies and procedures are designed to provide reasonable, but not absolute, assurance against material misstatement, loss, error or fraud, and to manage and minimize rather than eliminate the risk of failure in the Group’s operational systems.The Group’s risk management and internal control framework includes the following major components: An organizational and governance structure with defined responsibility, proper segregation of duties and delegated authority; Sys tems and p rocedures o f f i nanc ia l con t ro l , r i sk management and internal control to identify and measure risks and conduct bi-annual risk assessment to monitor the progress of risk mitigation; Operat ional and f inancia l budget ing and forecast ing systems for performance measurement, including regular variance analysis against budgets and plans, and setting key bus iness per formance targets wi th appropr iate measures to rectify deficiencies; Stringent policies and procedures for the appraisal, review and approval of significant contracts, major capital and recurrent expenditures; A “whistle-blowing” mechanism to allow anonymously and confidentially report any suspected acts of fraud or gross misconduct (including that of the Directors and senior management), to the Internal Audit Department which will refer the report to the chairman of the Audit Committee for further action; andANNUAL REPORT 2023年報GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司企業管治報告書CORPORATEGOVERNANCEREPORT47設立「反腐敗」機制，促進和支持遵守反腐敗法律法規，及向員工提供關於他們防止欺詐的責任指導，幫助本集團抵禦腐敗行為，並向公司管理層或通過適當的報告渠道，報告任何懷疑的欺詐和腐敗案件或任何企圖。

本集團不會容忍所有員工和代表本集團以代理或受託人身份行事的人員以及在與第三方打交道的業務中出現各種形式的欺詐和腐敗；及嚴謹的內部程序和監控措施以處理及發佈內幕消息。

截至2023年12月31日止至本報告日期，風險管理委員會有四位成員，包括集團合規職能主管、集團內部審計職能主管、集團財務職能主管以及高級管理人員代表。

年內，本公司已委任外聘專業顧問公司信永方略作為我們的內部審計顧問，以協助本公司的內部審計職能。

風險管理委員會根據企業管治守則中有關風險管理及內部監控的守則條文檢討所有重要的監控，包括財務、營運和合規監控，並每年向董事會作出兩次匯報。

風險管理委員對董事會負全責，以確保管理及監察風險管理及內部監控系统。

於本年內，風險管理委員會已評估並滿意本集團的會計及財務報告職能之資源充足度、有關僱員之資格及經驗，以及彼等之培訓計劃和會計、內部審計、財務報告職能以及與本公司環境、社會和管治績效和報告相關的預算，並就本集團營運風險管理及內部監控系統向董事會匯報所有重要範疇均為充足及恰當，並且持續地有效運作。

透過與風險管理委員會緊密合作，內部審計團隊於監管本集團的風險管理及內部監控事宜上扮演著重要角色。

An “ant i-corruption” mechanism in place to promote and support compliance with anti-corruption laws and regulat ions and provide guidel ines to the employees about their responsibilities to prevent fraud, to help the Group defend against corrupt practices and to report any suspected case of fraud and corruption or any attempts thereof, to the management or through an appropriate reporting channel. The Group has a zero-tolerance approach to all forms of fraud and corruption among all employees and those acting in an agency or fiduciary capacity on behalf of the Group, and in its business dealing with third parties; and Strict internal procedures and controls for the handling and dissemination of inside information.As at December 31,2023 and up to the date of this report, the Risk Management Committee comprises four members, including the Head of Group’s Compliance function, the Head of the Group’s Internal Audit function, the Head of the Group’s Finance function and a senior management representative. During the year, the Company has engaged SHINEWING, an external professional firm, as our Internal Audit Advisor to assist the internal audit function of the Company. The Risk Management Committee reviews all material controls, including financial, operational and compliance controls, in accordance with the Code Provisions on r isk management and internal control systems of the CGCode, and reports to the Board twice a year. The Risk Management Committee is fully accountable to the Board for providing assurance on managing and monitoring the systems of risk management and internal controls. During the year, the Risk Management Committee has evaluated and was satisfied with the adequacy of resources, qualifications and experience of the staff of the Group’s accounting and financial reporting function as well as their training programmes and budget for the accounting, internal audit, financial reporting functions, as well as those relating to the Company’s ESG performance and reporting, and reported to the Board that in all material respects the systems of risk management and internal control over risks associated with the Group’s operations was sufficient, appropriate and operated effectively on a continuing basis.Co-operating closely with the Risk Management Committee, the IA team plays a major role in monitoring the risk management and internal controls of the Group.48 GIORDANOINTERNATIONALLIMITEDANNUAL REPORT 2023年報佐丹奴國際有限公司企業管治報告書CORPORATEGOVERNANCEREPORT內部審計團隊可以不受限制地審查本集團主要活動、風險管理、監控和治理流程的所有方面，內部審計團隊的主要任務包括：對業務及各支援單位及附屬公司之財務、營運及合規監控及風險管理功能進行獨立、全面及定期之審核，包括建議改善方法及監察各單位及附屬公司之糾正或補救措施，以盡量減低所承受之風險；就管理層或審核委員會提出關注之範圍進行特別檢討；調查商業道德、利益衝突及本集團其他政策之違規情況；及監督「密函檢舉」機制。

內部審計團隊採取以風險法，實施審核委員會及管理層已批准之審計計劃，此乃以風險評估法為依據。

內部審計團隊以內部審計報告形式向管理層提交獨立而客觀之評估及建議。

內部審計團隊每年兩次向審核委員會直接匯報主要調查結果、糾正措施及管理層回應。

審核委員會可隨時直接接觸內部審計團隊，而毋須知會主席或管理層。

於本年內，內部審計團隊向審核委員會及管理層提交了內部審計報告，涵蓋了本集團重大業務流程和活動。

其與管理層合作制定有關行動計劃，以解決任何認定的監控弱點。

審計過程中，並沒有發現重大的內部監控弱點，但內部審計團隊繼續保持警惕，密切留意集團的內部監控流程。

而審計後進行的檢討，有助確保相關議定措施如期落實執行。

The IA team has unrestricted access to review all aspects of the Group’s key activities, risk management, control and governance processes and the keys tasks of IA team include: Conduct independent, comprehensive and regular audits of financial, operational and compliance controls and risk management functions of business and support units and subsidiaries, including recommending improvements and monitoring corrective or remedial measures taken by the units and subsidiaries to minimize risk exposure; Conduct special reviews of areas of concern identified by Management or the Audit Committee; Investigation of business ethics, conflict of interest and other Group policy violations; and Oversee the “whistle-blowing” mechanism.Adopting a risk-based approach, the IATeam implements the audit plan approved by the Audit Committee and Management, which is based on a risk assessment methodology. It furnishes independent and objective evaluations and recommendations in the form of an internal audit report to Management. The IA team reports directly to the Audit Committee twice a year on major findings, corrective actions and responses from Management. The Audit Committee has free and direct access the IA team without reference from the Chairman or Management.During the year, the IATeam issued the internal audit reports to the Audit Committee and Management, which covered significant business processes and activities of the Group. It worked with Management to establish action plans to address any identified control weaknesses. During the review, there was no material internal control weaknesses identified, but the IATeam continues to be vigilant in monitoring the internal control processes of the Group. Post-audit reviews were performed to ensure those agreed actions have been implemented as intended.ANNUAL REPORT 2023年報GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司企業管治報告書CORPORATEGOVERNANCEREPORT49董事及僱員進行之證券交易本公司已採納本身有關董事進行證券交易的行為守則（「進行證券交易的行為守則」）。

該守則條款不遜於上市規則附錄C3所載之上市發行人董事進行證券交易的標準守則（「標準守則」）之必守準則，並已不時更新。

經向全體董事作出特定查詢後，全體董事均確認截至2023年12月31日止年度內的證券交易中（如有）均已遵守標準守則及進行證券交易的行為守則所必守準則。

此外，本公司已採納了相關員工進行證券交易的標準守則，以監管該等擁有及得悉內幕消息的員工之證券交易。

該守則涵蓋包括禁止和進行本公司證券之買賣、避免利益衝突，以及對本公司的資料保密等範疇。

我們每六個月就相關員工進行證券交易的標準守則的合規要求向所有相關員工發出提示。

董事及核數師就財務報表所承擔之責任董事負責監督每個財政期間財務報表的編製，以確保該報表能夠真實和公平地反映該期間本集團之財務狀況、財務表現與現金流量。

本集團合併財務報表之編製均符合所有有關之法定要求及適用的會計準則。

董事有責任確保選擇及連貫地應用合適之會計政策，並作出審慎和合理的判決及估計。

本集團外聘核數師羅兵咸永道會計師事務所就本集團合併財務報表作出之申報責任聲明載於本年報第66頁至第72頁之獨立核數師報告書內。

SECURITIESTRANSACTIONSBYDIRECTORSAND EMPLOYEESThe Company has adopted i ts own Code of Conduct for Securities Transactions by Directors (the “Code of Conduct for Securities Transactions”). This is on terms no less exacting than the required standard set out in the Model Code for Securities Transactions by Directors of Listed Issuers (the “Model Code”) as set out in Appendix C3 to the Listing Rules, and has been updated from time-to-time. Having made specific enquiries with all Directors, all Directors confirmed that they had complied with the required standards set out in the Model Code and the Code of Conduct for Securities Transactions in respect of their securities transactions (if any) throughout the year ended December 31, 2023.In addition, the Company has adopted a Code of Conduct for Securities Transactions by Specified Employees, which governs the securities transactions of those employees who may possess or have access to inside information. The said code covers areas such as prohibitions and conduct in the dealing of the Company’s securities, avoidance of conflict of interests and confidentiality of the Company’s information, etc. All the specified employees are reminded of the compliance of the Code of Conduct for Securities Transactions by Specified Employees every six months.DIRECTORS’ ANDAUDITOR’SRESPONSIBILITIES FORTHEFINANCIALSTATEMENTSThe Directors are responsible for overseeing the preparation of financial statements for each financial period to ensure that they give a true and fair view of the financial position of the Group, its financial performance and cash flows for that period. The Group’s consolidated financial statements are prepared in accordance with al l relevant statutory requirements and applicable accounting standards. The Directors are responsible for ensuring that appropriate accounting policies are selected and applied consistently, and that where judgment has been applied and estimates made, they are prudent and reasonable.The s t a t emen t by t he ex t e r na l aud i t o r o f t he G roup , P r i c e w a t e r h o u s e C o o p e r s , r e g a r d i n g t h e i r r e p o r t i n g responsibilities on the consolidated financial statements of the Group is set out in the Independent Auditor’s Report on pages 66 to 72 of this annual report.50 GIORDANOINTERNATIONALLIMITEDANNUAL REPORT 2023年報佐丹奴國際有限公司企業管治報告書CORPORATEGOVERNANCEREPORT核數師之酬金本集團之外聘核數師羅兵咸永道會計師事務所和其關連機構就其非審核及法定審核服務收取之費用載列如下：（以百萬港元為單位） (In HK$ million) 20232022 非審核服務（包括有關稅務事宜、若干議定審核程序及其他申報服務）Non-audit services (included tax-related matters, certain agreed-upon procedures work and other reporting services) 22法定審核Statutory audit 55 總數Total 77 公司秘書羅學文先生自2013年9月起擔任公司秘書。

彼亦為執行董事、集團法律總監及本集團僱員。

羅先生負責透過主席兼行政總裁就管治事宜向董事會提供意見，並安排董事的就任須知及專業發展。

羅先生確認於2023年內遵守上市規則第3.29條並已接受不少於15小時之相關專業培訓。

憲章文件年內，本公司於2023年5月19日舉行的股東週年大會上通過一項特別決議案，批准採納新公司細則（「新公司細則」），藉以（其中包括）(i)符合上市規則附錄A1所載之核心股東保障水平；(ii)反映與百慕達適用法律及上市規則有關之若干更新；(iii)為舉行本公司股東大會之方法提供靈活性，據此，除傳統實體會議外，股東大會亦可以電子方式在網上舉行或以混合會議方式舉行；及(iv)進行其他相應或內務修訂。

新公司細則可於本公司及香港交易所網站查閱。

AUDITOR’SREMUNERATIONThe remuneration charged by the Group’s external auditor, PricewaterhouseCoopers and its affiliated firms for non-audit and statutory audit services is set out below:COMPANYSECRETARYMr. Mark Alan LOYND has been the Company Secretary since September 2013. He is also an executive Director, the General Counsel and an employee of the Group. Mr. LOYND is responsible for advising the Board through the Chairman and Chief Executive on governance matters and facilitates induction and professional development of Directors.Mr. LOYND confirmed that he has complied with rule 3.29 of the Listing Rules and received not less than 15 hours of relevant professional training in 2023.CONSTITUTIONALDOCUMENTSDur ing the year, a specia l resolut ion was passed at the Company’s annual general meeting held on May 19,2023 to approve the adoption of the new Bye-Laws of the Company (the “New Bye-Laws”) to, inter alia, (i) in line with the Core Shareholder Protection Standards set out in Appendix A1 of the Listing Rules, (ii) reflect certain updates in relation to the applicable laws of Bermuda and the Listing Rules, (iii) provide for flexibility in the method for holding of general meetings of the Company whereby, in addition to the traditional physical meeting, general meetings may be held virtually by electronic means or in a hybrid format and (iv) to make other consequential and housekeeping amendments. The New Bye-Laws is available on the websites of the Company and HKEX. ANNUAL REPORT 2023年報GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司企業管治報告書CORPORATEGOVERNANCEREPORT51與投資者及股東之關係爭取股東信任一直是本公司在投資者關係上的重點工作。

本集團之高級管理人員透過公司專訪、電話會議、會議交流及參與大型投資者研討會，與投資界保持定期和公開的對話，以清晰地傳達本公司的業務策略、發展及前景。

於2023年與機構投資者及研究分析員舉行之會議合計約8次。

本公司的股東廣泛而多元化，成員包括機構和散戶投資者。

為確保所有股東平等及時地獲取公司重要信息，本公司積極運用互聯網和其他電子通訊方式，適時和高透明地提供資訊。

為了讓股東在掌握本公司表現之餘又不會過份看重短期業績，本公司決定不依照企業管治守則之建議最佳守則刊發季度財務業績。

本公司改為於本公司及香港交易所網頁刊登其首三個月及九個月期間之最新業務資料。

本公司網頁上亦載有年報、中期報告、向交易所提交的資料、新聞稿以及其他資料。

董事會已制訂股東通訊政策，並每年檢討其有效推行，以鞏固本公司與股東之關係，並確保符合相關規則及企業管治守則。

該政策旨在確保股東及有意投資者可方便和及時地獲得本公司無任何偏見及可理解之資料。

INVESTORANDSHAREHOLDERRELATIONSEarning Shareholders’ trust and confidence has always been the major emphasis of the Company’s efforts in investor relations. The Group’s senior management keeps a constant and open dialogue with the investment community through company visits, conference calls, information sessions and participation in major investor conferences to communicate clearly the Company’s business strategies, developments and prospects. About 8 meetings with institutional investors and research analysts were held in 2023.The Company has a wide and diverse Shareholder base of institutional and retail investors. To ensure all Shareholders have equal and timely access to important company information, the Company proactively utilizes the internet and other forms of electronic communication to deliver information in a timely and transparent manner. To strike a balance between keeping Shareholders abreast of the Company’s performance on the one hand and avoiding an unhealthy focus on short-term results on the other, the Company decided against following the CGCode Recommended Best Practice of publishing quarterly financial results. Instead, the Company publishes operations updates for the first three and nine month periods on the websites of the Company and HKEX. Annual and interim reports, Stock Exchange filings, press releases and other materials are also accessible on the Company’s website.The Board has established a Shareholders Communication Policy and reviews this policy annually to ensure its effectiveness to enhance Shareholders’ relationship with the Company and to comply with the relevant rules and corporate governance code. Such policy aims at providing the Shareholders and potential investors with ready and timely access to balanced and understandable information of the Company.52 GIORDANOINTERNATIONALLIMITEDANNUAL REPORT 2023年報佐丹奴國際有限公司企業管治報告書CORPORATEGOVERNANCEREPORT如股東通訊政策所述，本公司已建立以下多個途徑以維持與股東進行持續溝通：(i)透過電子形式向股東發送或以其他方式提供如年報、中期報告及通函之公司通訊中英文版。

公司通訊亦可在本公司網站及香港交易所網站查閱。

股東亦可要求收取公司通訊的印刷版。

(ii)財務摘要、新聞稿及業績簡報亦刊載於本公司網站；(iii)透過聯交所定期作出之公佈、公司資料及本公司細則的任何變更，並分別於香港交易所及本公司網站刊發；(iv)董事會成員及集團財務董事參與投資者研討會，與股東╱投資者、傳媒及財經分析員會面；(v)股東周年大會及╱或股東大會為股東提供一個平台，向董事及高級管理人員發表意見及交流觀點；及(vi)可透過電話(852) 27464668、傳真(852) 23708864、發送電子郵件至investorrelations@giordano.com或郵寄至本公司目前的主要營業地點，向公司提出查詢。

所有董事和主要高級管理人員盡最大努力出席股東大會，並在出席會議期間，積極與希望和他們交換意見的股東進行對話。

年內，董事會審閱了股東通訊政策，並分別於2023年3月9日及2023年12月31日作出更新。

經考慮現有多種溝通途徑及參與途徑的實施和有效性，董事會信納，股東通訊政策於本年度已適當實施，且為有效。

As set out in the Shareholders Communication Policy, the Company has established a number of channels for maintaining an on-going dialogue with its Shareholders as follows:(i) Corporate Communications such as annual reports, interim reports and circulars are provided to Shareholders in both English and Chinese by sending or otherwise making available to the Shareholders using electronic means. Corporate Communications are also avai lable on the websites of the Company and the HKEX. Shareholders can also request to receive the corporate communications in printed form.(ii) financial highlights, press releases and results presentations are also posted on the Company’s website;(iii) periodic announcements, corporate information and any changes to the Bye-Laws of the Company are made through the Stock Exchange and publ ished on the respective websites of the HKEX and the Company;(iv) participation by the Board members and the Director of Group Finance in investors’ conferences to meet Shareholders/investors, media and financial analyst;(v) AGMs and/or general meetings provide a forum for the Shareholders to make comments and exchange views with the Directors and senior management; and(vi) enquiries may be raised with the Company by telephone at (852) 27464668, by facsimile at (852) 23708864, by e-mail at investorrelations@giordano.com or by post to the Company’s principal place of business for the time being.All Directors and key senior management members use their best efforts to attend the Shareholder meetings and, during their attendance, they are actively engaged in dialogue, with the Shareholders who wish to exchange views with them. During the year, the Board has examined and reviewed the Shareholders Communication Policy and updated the same on March 9, 2023 and December 31,2023 respectively. Having considered the implementation and effectiveness of multiple channels of communication and engagement in place, the Board is satisfied that the Shareholders Communication Policy has been properly implemented during the year and is effective.ANNUAL REPORT 2023年報GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司企業管治報告書CORPORATEGOVERNANCEREPORT53董事會歡迎股東對影響本集團的事項提出意見，並鼓勵他們出席股東大會，藉以直接地向董事會或管理層反映他們關注的事項。

本公司之股東周年大會是尤其重要的平台。

為了鼓勵及方便股東出席股東周年大會，本公司於大會舉行日期前最少足21日發出通知。

為確保清楚達意，各項獨立議題是以獨立的決議案提出。

投資者與股東如有意在股東大會上提出建議，又或向董事會提出查詢，可聯絡本公司之投資者關係部，其聯絡詳情載於本年報第176頁。

股息政策根據守則條文第F.1.1條，本公司於2018年11月8日已採納有關宣派股息之政策。

該政策旨在讓股東參與本公司的利潤，並為本公司保留足夠的儲備以作未來增長之用。

本公司擬透過派付股息向股東回饋剩餘現金。

這視乎在宣派股息時本公司從累計和未來盈利、可用現金及未來之承擔之派付能力。

除本年股息外，本公司亦會不時考慮宣派特別股息（如有）。

本公司之收入及其派發股息之能力乃根據（其中包括），從本公司之附屬公司收取之股息，而這又根據該等附屬公司的可分配利潤、經營業績、財務狀況、資本開支計劃及其他因素。

派付股息亦視乎任何根據百慕達法例及公司細則之限制。

The Board welcomes Shareholders’ views on matters affecting the Group, and encourages their attendance at Shareholders’ meetings to communicate any concerns they may have with the Board or Management directly. The Company’s AGM is an especially important forum. In order to encourage and facilitate shareholder attendance at its AGM, the Company gives at least 21 clear days’ prior notice. To ensure clear communication, each substantially separate issue is proposed under a separate resolution.Investors and Shareholders who wish to put forward proposals at shareholders’ meetings or to make enquiries of the Board may do so by contacting our Investor Relations Department whose contact details are listed on of this annual report.Dividend PolicyPursuant to Code Provision F.1.1, the Company has adopted a policy with regard to the declaration of dividends on November 8,2018. Such policy aims to allow Shareholders to participate in the Company’s profits and for the Company to retain adequate reserves for future growth.The Company intends to return surplus cash to the Shareholders through the payment of dividends, which is subject to the Company’s capacity to pay from accumulated and future earnings, cash availability and future commitments at the time of declaration of dividend.The Company may also consider declaring special dividends from time-to-time, in addition to the semi-annual dividends (if any).The Company’s income and its abil ity to pay dividends are dependent upon, among other matters, the dividends received from the Company’s subsidiaries, which, in turn, would depend on such subsidiaries’ distributable profits, operating results, financial condition, capital expenditure plans and other factors. The payment of dividend is also subject to any restrictions under Bermuda law and the Bye-Laws.54 GIORDANOINTERNATIONALLIMITEDANNUAL REPORT 2023年報佐丹奴國際有限公司企業管治報告書CORPORATEGOVERNANCEREPORT董事會可酌情決定是否派付股息惟在適當的情況下須經本公司股東批准。

即使董事會決定建議並派付股息，其形式、次數和金額將根據營運及盈利、資本需要及盈餘、一般財務狀況、合約限制及其他影響本集團的因素而釐定。

股息政策反映了採納當時本公司在採取對本集團財務及現金流量要求的處理方法。

董事會將不時審閱該政策，並可在相關時間採納適當的變更。

股東權利股東召開股東特別大會的程序股東有權要求董事會召開本公司的股東特別大會。

根據公司細則，於遞呈要求當日持有本公司已繳足股本（賦有於本公司股東大會上之投票權）不少於十分之一的股東有權透過向董事會或公司秘書或於本公司註冊辦事處發出書面要求，要求董事會根據百慕達1981年公司法（「公司法」）第74條召開股東特別大會，以處理有關要求中指明之任何事項。

倘遞呈後21日內，董事會未有召開該大會，則遞呈要求人士可自發根據公司法第74(3)條之規定召開大會。

要求召開股東特別大會的書面要求可送達本年報「公司資料」一節所載的本公司註冊辦事處及其香港主要營業地點，收件人為公司秘書。

The Board has complete discretion on whether to pay dividends, subject to the approval of the Shareholders of the Company, where applicable. Even if the Board decides to recommend and pay dividends, the form, frequency and amount will depend upon the operations and earnings, capital requirements and surplus, general financial condition, contractual restrictions and other factors of and affecting the Group.The Dividend Policy reflects the Company’s approach on the financial and cash flow requirements of the Group prevailing at the time of its adoption. The Board will review the policy from time-to-time and may adopt changes as appropriate at the relevant time.SHAREHOLDERS’ RIGHTSProcedures for Shareholder(s) to convene a special general meetingShareholders shall have the right to request the Board to convene a special general meeting of the Company.In accordance with the Bye-Laws, Shareholders holding at the date of deposit of the requisition not less than one-tenth (1/10) of the paid-up capital of the Company carrying the right of voting at general meetings of the Company shall have the right, by written requisition to the Board or the Company Secretary or at the registered office of the Company, to require a special general meeting to be called by the Board for the transaction of any business specified in such requisition pursuant to Section 74 of the Companies Act 1981 of Bermuda (the “Companies Act”). If within 21 days of such deposit the Board fails to proceed to convene such meeting, the requisitionists themselves may do so in accordance with the provision of Section 74(3) of the Companies Act.The written requisition requiring a special general meeting to be called can be sent to the Company’s registered office and its principal place of business in Hong Kong as set out in the “Corporate Information” section of this annual report for the attention of the Company Secretary.ANNUAL REPORT 2023年報GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司企業管治報告書CORPORATEGOVERNANCEREPORT55股東於股東大會提呈建議的程序以下股東有權於本公司股東大會提呈建議（可於會議上正式提呈的提議）以供考慮：(a)於請求日期佔本公司總投票權不少於二十分之一的任何股東，有權在該相關請求的會議上投票；或(b)不少於100位持有本公司股份的股東。

有關所有請求人士簽妥並載列提議的請求書（如果是需要決議案通知的請求，則至少在會議召開前六週，如果是任何其他請求，則至少在會議前一週）連同該提議內的所述事宜的聲明須送交本公司香港主要營業地點。

本公司於接獲有效請求書時，將採取適當行動及作出必要安排，有關股東須根據公司法第79條及80條負責支付進行該等行動及安排所產生的任何開支。

如擬於股東大會上提名退任董事以外的人士參選董事，請查閱載於本公司網頁內之有關程序。

股東可隨時以書面方式透過公司秘書向董事會提出查詢及關注事宜，地址為香港九龍長沙灣道777至779號天安工業大廈5樓。

香港，2024年3月12日Procedures for Shareholders to make a proposal at a general meetingThe following shareholders are entitled to put forward a proposal (which may properly be put to the meeting) for consideration at a general meeting of the Company:(a) any members representing not less than one-twentieth (1/20) of the total voting rights of the Company having, on the date of the requisition, a right to vote at the meeting to which the requisition relates; or(b) not less than 100 members holding shares in the Company.The requisition specifying the proposal, duly signed by all the requisitionists concerned, together with a statement with respect to the matter referred to in the proposal must be deposited at the Company’s principal place of business in Hong Kong, in the case of a requisition requiring a notice of a resolution, not less than six weeks before the meeting and, in the case of any other requisition, not less than one week before the meeting. The Company will take appropriate action and make necessary arrangements, and the Shareholders concerned will be responsible for any expenses incurred in giving effect thereto in accordance with the requirements under Sections 79 and 80 of the Companies Act once valid documents are received.As regards proposing a person other than the retiring Director for election as a Director in a general meeting, please refer to the procedures available on the Company’s website.Shareholders may at any time send their enquires and concerns to the Board in writing through the Company Secretary at 5th Floor, Tin On Industrial Building,777–779 Cheung Sha Wan Road, Kowloon, Hong Kong.Hong Kong, March 12,202456 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司董事會報告書DIRECTORS’ REPORTANNUAL REPORT 2023年報The Directors are pleased to submit their report together with the audited consolidated financial statements of the Group for the year ended December 31,2023.PRINCIPALACTIVITIESThe Company is an investment holding company. The principal business of the Group is the retail and distribution of men’s, women’s and children’s fashion apparel under Giordano and Giordano Junior , Giordano Ladies, BSX as well as other owned and l icensed brands. Although target ing di f ferent market segments, the brands all strive to deliver excellent quality, value and service to consumers.SEGMENTINFORMATIONAn analysis of the Group’s performance by geography and by brand for the year ended December 31,2023 is set out in Note 5 to the financial statements.BUSINESSREVIEWA review of the Group’s business is provided in the Management Discussion and Analysis section on pages 8 to 19 of this annual report. Description of the principal risks and uncertainties facing the Group can be found throughout this annual report, particularly in Note 3 to the financial statements. No important event affecting the Group has occurred since the end of the financial year under review. The outlook of the Group’s business is discussed in the Management Discussion and Analysis section on of this annual report. Certain financial key performance indicators which complement and supplement our financial disclosures are set out on pages 73 to 168 as well as in the Management Discussion and Analysis section. An account of the Company’s relationships with its key stakeholders and discussions on the Group’s environmental policies and performance are included in the Environmental, Social and Governance Report on pages ESG.1 to ESG.68 of this annual report.The above sections form part of the Directors’ Report.董事欣然提呈本集團截至2023年12月31日止年度之經審核合併財務報表。

主要業務本公司為一間投資控股公司。

本集團之主要業務為經營零售及分銷Giordano及Giordano Junior、Giordano Ladies、BSX以及其他自有及授權經營之品牌。

儘管該等品牌以不同市場分部為銷售目標，皆致力為消費者提供優良品質、物有所值的服裝及服務。

分部資料本集團截至2023年12月31日止年度以地區及品牌之表現分析載於財務報表附註5。

業務回顧有關本集團業務的審視載於本年報第8頁至第19頁的「管理層之論述及分析」章節內。

關於本集團面對的主要風險及不明朗因素的敘述已於本年報的不同部份披露，於財務報表附註3尤其詳盡。

於本回顧財政年度結束後，並無發生對本集團有影響的重大事件。

本集團的業務展望則載於本年報第18頁的「管理層之論述及分析」內探討。

財務狀況相關的關鍵表現指標以完善及補充財務披露載於第73頁至第168頁，以及「管理層之論述及分析」章節內。

本公司與主要持份者關係之闡述及本集團的環境政策及表現的探討載於本年報第ESG.1頁至ESG.68頁的環境、社會及管治報告。

以上部分屬本董事會報告書的一部分。

GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司董事會報告書DIRECTORS’ REPORT57ANNUAL REPORT 2023年報遵守適用法律及法規我們已訂立合規程序以確保遵從與本集團有關的相關法律及規例。

在法律及公司秘書部的支援及協助下，董事會負責檢討及監察本集團有關遵守法律及監管規定的政策及常規。

上市規則、公司條例及證券及期貨條例（「證券及期貨條例」）及其附屬法例、守則及指引乃我們的合規責任的主要來源。

其他司法權區的法律亦可能適用於我們的香港境外業務，而於香港及其他地區，我們均依賴外部律師事務所及專業顧問的協助，以管理我們的法律及合規風險。

我們向僱員傳達相關新法例或法律及規例的變動以確保合規，並定期提醒僱員須承擔合規責任。

業績本集團截至2023年12月31日止年度之業績及本公司與本集團於該日之財務狀況載於本年報第73頁至第168頁之合併財務報表內。

股息中期股息每股17.0港仙已於2023年9月15日向本公司股東派發。

董事會建議截至2023年12月31日止年度末期股息為每股13.5港仙。

待本公司股東將於應屆股東周年大會上批准後，末期股息將於2024年6月14日向於2024年6月3日名列於本公司股東名冊上之股東派付。

可供分派儲備於2023年12月31日，本公司之可供分派滾存溢利連同繳入盈餘為6.73億港元（2022年：4.23億港元）。

COMPLIANCEWITHTHEAPPLICABLELAWSAND REGULATIONSWe have in place compliance procedures to ensure adherence to the relevant laws and regulations that are relevant to the Group. The Board is responsible for reviewing and monitoring the Group’s policies and practices on compliance with legal and regulatory requirements, with the support and assistance of the legal and company secretarial department.The Listing Rules, the Companies Ordinance and the Securities and Futures Ordinance (the “SFO”) as well as their subsidiary legislation, codes and guidelines are the principal sources of our compliance obligations. Laws in other jurisdictions may also apply to our non-Hong Kong operations, and both in Hong Kong and elsewhere, we rely on the assistance of external law firms and professional advisers to manage our legal and compliance risks.We communicate information on relevant new laws or changes in laws and regulations to our staff to ensure compliance, and also regularly remind our staff of their compliance obligations.RESULTSThe results of the Group for the year ended December 31,2023 and the financial position of the Company and of the Group as at that date are set out in the consolidated financial statements on pages 73 to 168 of this annual report.DIVIDENDSAn interim dividend of 17.0 HK cents per share was paid to shareholders of the Company on September 15,2023.The Board has recommended a final dividend of 13.5 HK cents per share for the year ended December 31,2023. Subject to the approval of the shareholders of the Company at the forthcoming AGM, the final dividend will be payable on June 14,2024 to shareholders whose names appear on the register of members of the Company on June 3,2024.DISTRIBUTABLERESERVESAs at December 31,2023, the retained profits of the Company together with the contributed surplus available for distribution amounted to HK$673 million (2022: HK$423 million).58 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司董事會報告書DIRECTORS’ REPORTANNUAL REPORT 2023年報主要附屬公司本公司於2023年12月31日之主要附屬公司之詳情載於財務報表附註40。

十年財務資料本集團過去十個財政年度之業績、資產及負債摘要載於本年報第2頁及第3頁。

股本本公司之股本於本年度內之變動詳情載於財務報表附註25。

股份優先購買權公司細則中並無股份優先購買權之規定，惟百慕達法例則無限制該等權利。

股票掛鈎協議除本年報「購股權資料」一節披露的本公司購股權計劃外，本公司概無於年內或年度結束時訂立或存在任何股票掛鈎協議將會或可導致本公司發行股份，或規定本公司訂立任何協議將會或可導致本公司發行股份。

主要供應商及客戶於本年度內，本集團主要供應商所佔的購買總額百分比如下：購買額最大供應商29%五大供應商總額合計55%於本年度內，本集團首五大客戶所佔的銷售額均低於10%。

概無董事或其任何緊密聯繫人或就董事所深知擁有本公司已發行股本超過5%之任何股東擁有本集團五大供應商及五大客戶之任何實益權益。

PRINCIPALSUBSIDIARIESPart iculars of the Company’s pr incipal subsidiar ies as at December 31,2023 are set out in Note 40 to the financial statements.TEN-YEARFINANCIALINFORMATIONA summary of the results, assets and liabilities of the Group for the last ten fiscal years is set out on pages 2 and 3 of this annual report.SHARECAPITALDetails of the movements in share capital of the Company during the year are shown in Note 25 to the financial statements.PRE-EMPTIVERIGHTSThere are no provisions for pre-emptive rights under the Bye- Laws although there are no restrictions against having such rights under the laws of Bermuda.EQUITY-LINKEDAGREEMENTSOther than the Company’s share option schemes as disclosed under Share Option Information section in this annual report, no equity- linked agreements that will or may result in the Company issuing shares or that require the Company to enter into any agreements that will or may result in the Company issuing shares were entered into by the Company during the year or subsisted at the end of the year.MAJORSUPPLIERSANDCUSTOMERSThe aggregate percentages of purchases attributable to the Group’s major suppliers during the year are as follows:PurchasesThe largest supplier 29%Five largest suppliers combined 55%The percentage of the sales attributable to the Group’s five largest customers is less than 10% during the year.None o f t he D i r ec to rs , t he i r c l ose assoc ia tes , o r any shareholders, which to the knowledge of the Directors, own more than 5% of the issued share capital of the Company, had any beneficial interest in the Group’s five largest suppliers and customers.GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司董事會報告書DIRECTORS’ REPORT59ANNUAL REPORT 2023年報物業、機器及設備本年度內物業、機器及設備之變動詳情載於財務報表附註22。

慈善捐款本集團於本年度內之慈善捐款為21,000港元（2022年：235,000港元）。

銀行貸款本年度的銀行貸款載於財務報表附註29。

董事於本年度內及截至本報告書之日期止，本公司之董事為：執行董事劉國權博士（主席兼行政總裁）陳嘉緯博士羅學文先生非執行董事曾安業先生李志軒先生獨立非執行董事畢滌凡博士黃旭教授Alison Elizabeth LLOYD博士根據公司細則第84(1)及84(2)條規定，羅學文先生、畢滌凡博士及Alison Elizabeth LLOYD博士須將於應屆股東周年大會上輪值告退。

羅學文先生及Alison Elizabeth LLOYD博士符合資格並願意於會上膺選連任，而畢滌凡博士符合資格惟無意於會上膺選連任。

PROPERTY, PLANTANDEQUIPMENTDetails of movements in the property, plant and equipment during the year are set out in Note 22 to the financial statements.CHARITABLEDONATIONSDonations made for charitable purposes by the Group during the year amounted to HK$21,000 (2022: HK$235,000).BANKLOANSDetails of the bank loans for the year are set out in Note 29 to the financial statements.DIRECTORSThe Directors during the year and up to the date of this report are:Executive DirectorsDr. LAUKwok Kuen, Peter (Chairman and Chief Executive)Dr. CHANKa WaiMr. Mark Alan LOYNDNon-executive DirectorsMr. TSANGOn Yip, PatrickMr. LEEChi Hin, Jacob Independent Non-executive DirectorsDr. Barry John BUTTIFANTProfessor WONGYuk (alias, HUANGXu)Dr. Alison Elizabeth LLOYDIn accordance with Bye-Law 84(1) and 84(2) of the Bye-Laws, Mr. Mark Alan LOYND, Dr. Barry John BUTTIFANT and Dr. Alison Elizabeth LLOYD shall retire by rotation at the forthcoming AGM. Mr. Mark Alan LOYND and Dr. Alison Elizabeth LLOYD, being eligible, shall offer themselves for re-election while Dr. Barry John BUTTIFANT, being eligible but does not offer himself for re-election at the AGM.60 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司董事會報告書DIRECTORS’ REPORTANNUAL REPORT 2023年報於本報告日，董事之個人資料詳情載於本年報第20頁至第25頁。

董事資料變動自本公司2023年中期報告日期起，除本年報第20至25頁「董事及高級管理人員簡介」一節所披露者外，概無其他董事履歷詳情之更新須根據上市規則第13.51B(1)條予以披露。

董事服務合約擬將於應屆股東周年大會上膺選連任之董事，概無與本公司或其附屬公司訂立本集團不可於一年內毋須賠償（法定補償除外）而終止之服務合約。

獲准許的彌償條文根據公司細則，本公司每名董事或其他主要職員在其執行職責或在其他方面與此有關之情況下可能蒙受或產生之所有損失或責任，有權獲得從本公司之資產中撥付彌償。

此外，本公司已就董事可能面對之有關法律行動安排適當的董事及主要職員責任保險。

Biographical details of the Directors as at the date of this report are set out on pages 20 to 25 of this annual report.CHANGESININFORMATIONOFDIRECTORSSave as disclosed under Directors and Senior Management Profiles section on pages 20 and 25 to this annual report, there is no other change in the Directors’ biographical details which is required to be disclosed pursuant to rule 13.51(B)(1) of the Listing Rules since the report date of 2023 Interim Report of the Company.DIRECTORS’ SERVICECONTRACTSThe Directors being proposed for re-election at the forthcoming AGM do not have any service contract with the Company or its subsidiaries which is not determinable by the Group within one year without payment of compensation, other than statutory compensation.PERMITTEDINDEMNITYThe Bye-Laws provides that each Director or other officers of the Company shall be entitled to be indemnified out of the assets of the Company against all losses or liabilities which he or she may sustain or incur in or about the execution of the duties of his or her office or otherwise in relation thereto. In addition, the Company has maintained appropriate directors’ and officers’ liability insurance in respect of relevant legal actions against the Directors.GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司董事會報告書DIRECTORS’ REPORT61ANNUAL REPORT 2023年報董事及最高行政人員之股份、相關股份及債權證的權益及淡倉於2023年12月31日，本公司董事及最高行政人員或彼等各自之緊密聯繫人本公司或其任何相關法團（定義見證券及期貨條例第XV部）的股份、相關股份及債權證中擁有須記錄於證券及期貨條例第352條規定置存之登記冊內之權益或淡倉，或根據標準守則須知會本公司和聯交所之權益及淡倉如下：於本公司股份及相關股份之好倉Long positions in shares and underlying shares of the Company所持普通股數目Number of ordinary shares held 董事姓名Name of Directors個人權益（附註1）Personal interests 衍生工具權益（購股權）（附註1及2）Derivative interests (share options) 合計Total概約持股百分比（附註3）Approximate percentage of shareholding (Note 1) (Notes 1 & 2) (Note 3) 劉國權LAUKwok Kuen, Peter27,518,000 – 27,518,0001.71%陳嘉緯CHANKa Wai756,0007,700,0008,456,0000.52%羅學文Mark Alan LOYND– 9,064,0009,064,0000.56%附註：(1)該等權益乃指相關董事作為實益擁有人持有的權益。

(2)衍生工具權益之相關股份乃按本公司採納之購股權計劃而授予董事之購股權，有關資料載列於本年報第169頁至第175頁。

(3)按於2023年12月31日本公司已發行股份1,613,416,518股計算。

DIRECTORS’ ANDCHIEFEXECUTIVE’SINTERESTS ANDSHORTPOSITIONSINSHARES, UNDERLYING SHARESANDDEBENTURESAs at December 31,2023, the interests and short positions of the Directors and chief executive of the Company and their respective close associates in the shares, underlying shares and debentures of the Company or any of its associated corporations (within the meaning of Part XV of the SFO), as recorded in the register required to be kept under section 352 of the SFO; or as otherwise notified to the Company and the Stock Exchange pursuant to the Model Code, were as follows:Notes:(1) This represents interests held by the relevant Directors as beneficial owners.(2) Derivative interests are share options granted to the Directors pursuant to the share option schemes of the Company and details of which are set out on pages 169 to 175 of this annual report.(3) Based on 1,613,416,518 shares of the Company in issue as at December 31,2023.62 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司董事會報告書DIRECTORS’ REPORTANNUAL REPORT 2023年報除上述披露外，於2023年12月31日，本公司董事或最高行政人員概無於本公司或其任何相聯法團（定義見證券及期貨條例第XV部）之股份、相關股份或債權證中擁有須記錄於證券及期貨條例第352條規定置存之記錄冊內之權益或淡倉，或須根據標準守則知會本公司及聯交所之權益或淡倉。

董事於重要交易、安排及合約中的權益重大關聯人士交易的詳情已於本年報財務報表附註36中披露。

除上述者外，並無其他重要交易、安排或合約與本集團業務有關，且本公司或其任何附屬公司為其中一方，而本公司董事或與其有關聯的實體直接或間接於其中擁有重大權益的交易、安排或合約於年度結束時或年內任何時間仍然有效。

董事購買股份或債權證之權利除於本年報第169頁至第175頁「購股權之資料」一節所披露者外，於本回顧年度內任何時間，本公司或其任何控股公司、同系附屬公司或附屬公司概無參與訂立任何安排以使本公司董事（包括彼等配偶及未滿18歲的子女）可藉購入本公司或任何其他法團之股份或債權證而獲取利益。

管理合約除僱員合約外，於本年度內，本公司並無訂立或進行任何與本公司全部或重要業務有關之管理及行政合約。

董事於競爭性業務中的權益於本年度內，概無董事擁有與本集團業務上直接或間接構成競爭或可能構成競爭的任何業務權益。

Save as disclosed above, as at December 31,2023, none of the Directors or chief executive of the Company had any interests or short positions in the shares, underlying shares or debentures of the Company or any of its associated corporations (within the meaning of Part XV of the SFO) as recorded in the register required to be kept under Section 352 of the SFO or as otherwise notified to the Company and the Stock Exchange pursuant to the Model Code.DIRECTORS’ INTERESTSINTRANSACTIONS, ARRANGEMENTSANDCONTRACTSOF SIGNIFICANCEDetails of the material related party transactions are disclosed in Note 36 to the financial statements of this annual report.Save for the above, no other transactions, arrangements or contracts of significance in relation to the Group’s business to which the Company or any its subsidiaries was a party and in which a Director or his connected entity had a material interest, whether directly or indirectly, subsisted at the end of the year or at any time during the year.DIRECTORS’ RIGHTSTOACQUIRESHARESOR DEBENTURESSave as disclosed under Share Option Information section on pages 169 to 175 to this annual report, at no time during the year under review was the Company, or any of its holding companies, fellow subsidiaries or subsidiaries a party to any arrangements to enable the Directors (including their spouses and children under 18 years of age) to acquire benefits by means of the acquisition of shares in, or debentures of, the Company or any other body corporate.MANAGEMENTCONTRACTSNo contracts, other than employment contracts, concerning the management and administration of the whole or any substantial part of the business of the Company were entered into or existed during the year.DIRECTORS’ INTERESTSINCOMPETINGBUSINESSDuring the year, none of the Directors is interested in any business, apart from the Group’s businesses, which competes or is likely to compete, either directly or indirectly, with the Group’s businesses.GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司董事會報告書DIRECTORS’ REPORT63ANNUAL REPORT 2023年報主要股東之權益及淡倉就本公司董事或最高行政人員所知，於2023年12月31日，下列人士（除本公司董事及最高行政人員外）於本公司之股份或相關股份中擁有須記錄於證券及期貨條例第336條規定存置之登記冊內之權益或淡倉如下：於本公司股份及相關股份之好倉Long positions in shares and underlying shares of the Company主要股東名稱Name of substantial shareholders身份Capacity所持普通股數目Number of ordinary shares held概約持股百分比（附註2）Approximate percentage of shareholding (Note 2) Cheng Yu Tung Family (Holdings) Limited（附註Note 1）受控制法團之權益Interest of controlled corporation388,180,00024.05%Cheng Yu Tung Family (Holdings II) Limited（附註Note 1）受控制法團之權益Interest of controlled corporation388,180,00024.05%Chow Tai Fook Capital Limited （附註Note 1）受控制法團之權益Interest of controlled corporation388,180,00024.05%周大福（控股）有限公司（「周大福控股」） Chow Tai Fook (Holding) Limited (“CTFH”)（附註Note 1）受控制法團之權益Interest of controlled corporation388,180,00024.05%周大福代理人有限公司（「周大福代理人」） Chow Tai Fook Nominee Limited (“CTFN”)（附註Note 1）受控制法團之權益Interest of controlled corporation388,180,00024.05%Sino Wealth International Limited (“Sino Wealth”)實益擁有人Beneficial owner388,180,00024.05%附註：(1)於2023年12月31日，Sino Wealth持有388,180,000股本公司股份，其由周大福代理人全資擁有，而周大福代理人則由周大福控股控制。

Cheng Yu Tung Family (Holdings) Limited及Cheng Yu Tung Family (Holdings II) Limited於Chow Tai Fook Capital Limited分別持有約48.98%及46.65%權益，而Chow Tai Fook Capital Limited則於周大福控股持有約81.03%權益，因此Cheng Yu Tung Family (Holdings) Limited、Cheng Yu Tung Family (Holdings II) Limited、Chow Tai Fook Capital Limited、周大福控股及周大福代理人被視為於Sino Wealth所持本公司股份中擁有權益。

(2)按於2023年12月31日本公司已發行股份1,613,416,518股計算。

INTERESTSANDSHORTPOSITIONSOF SUBSTANTIALSHAREHOLDERSSo far as is known to the Directors or chief executive of the Company, as at December 31,2023, the following persons (other than Directors and chief executive of the Company) had interests or short positions in the shares or underlying shares of the Company as recorded in the register required to be kept by the Company pursuant to section 336 of the SFO:Notes:(1) As at December 31,2023,388,180,000 shares of the Company were held by Sino Wealth which is a wholly-owned by CTFN, which in turn controlled by CTFH. Cheng Yu Tung Family (Holdings) Limited and Cheng Yu Tung Family (Holdings II) Limited held approximately 48.98% and 46.65% interest in Chow Tai Fook Capital Limited respectively, which in turn held an approximately 81.03% interest in CTFH and accordingly each of Cheng Yu Tung Family (Holdings) Limited, Cheng Yu Tung Family (Holdings II) Limited, Chow Tai Fook Capital Limited, CTFH and CTFN is deemed to have an interest in the shares of the Company held by Sino Wealth.(2) Based on 1,613,416,518 shares of the Company in issue as at December 31,2023.64 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司董事會報告書DIRECTORS’ REPORTANNUAL REPORT 2023年報除上述披露者外，於2023年12月31日，本公司並無獲悉本公司之股份及相關股份中擁有須記入本公司根據證券及期貨條例第336條存置之登記冊之任何權益或淡倉。

重大關聯人士交易本集團於本年度內訂立的重大關聯人士交易（根據上市規則並不構成關連交易），其詳情載於財務報表附註36。

購股權資料購股權計劃之摘要及本公司購股權於本年度內之變動詳情載於本年報第169頁至第175頁。

購買、出售或贖回本公司之上市證券截至2023年12月31日止年度內，本公司或其任何附屬公司概無購買、出售或贖回本公司任何上市證券。

公眾持股量於本報告日，根據本公司可以得悉之公開資料及董事知悉之情況下，本公司已按上市規則之要求，維持足夠公眾持股量。

企業管治本公司致力維持高水平之企業管治，以確保提高透明度及更有效地保障股東權益。

有關本公司企業管治常規的資料，載於本年報第26頁至第55頁企業管治報告。

Save as disclosed above, as at December 31,2023, the Company had not been notified of any interests or short positions in the shares and underlying shares of the Company as recorded in the register required to be kept by the Company under section 336 of the SFO.MATERIALRELATEDPARTYTRANSACTIONSMaterial related party transactions entered into by the Group during the year, which do not constitute connected transactions under the Listing Rules, are set out in Note 36 to the financial statements.SHAREOPTIONINFORMATIONA summary of the Company’s share option schemes and details of the movement in share options of the Company during the year are set out on pages 169 to 175 of this annual report.PURCHASE, SALEORREDEMPTIONOFTHE COMPANY’SLISTEDSECURITIESDuring the year ended December 31,2023, there was no purchase, sale or redemption by the Company or any of its subsidiaries, of any listed securities of the Company.PUBLICFLOATAs at the date of this report, the Company has maintained the prescribed public float required under the Listing Rules, based on the information that is publicly available to the Company and within the knowledge of the Directors.CORPORATEGOVERNANCEThe Company is committed to maintaining high standards of corporate governance so as to ensure better transparency and protection of shareholders’ interests. Information on the Company’s corporate governance practices is set out in the Corporate Governance Report on pages 26 to 55 of this annual report.GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司董事會報告書DIRECTORS’ REPORT65ANNUAL REPORT 2023年報薪酬政策本集團僱員乃按其表現、資格及能力獲甄選、訂定薪酬及晉升。

本集團僱員退休福利的詳情載於財務報表附註2。

董事酬金由本公司薪酬委員會經考慮本公司經營業績、個人表現及可比較市場標準後釐定。

董事之本年度酬金詳情以具名方式載於財務報表附註10。

獨立核數師本年度之合併財務報表已由羅兵咸永道會計師事務所審核，其將退任，惟符合資格並願意應聘連任。

本公司將於應屆股東周年大會上提呈一項決議案，以續聘羅兵咸永道會計師事務所為本公司之獨立核數師並授權董事釐定其酬金。

承董事會命劉國權主席兼行政總裁香港，2024年3月12日EMOLUMENTPOLICYThe employees of the Group are se lected, remunerated and promoted on the basis of their merit, qualifications and competence. Please refer to Note 2 to the financial statements for details of the retirement benefits provided to employees of the Group.The emo lumen ts o f t he D i r ec to r s a r e dec ided by t he Remuneration Committee of the Company, having regard to the Company’s operating results, individual performance and comparable market standards. Particulars of the emoluments of Directors on a named basis for the year are set out in Note 10 to the financial statements.INDEPENDENTAUDITORThe consolidated financial statements for the year have been audited by PricewaterhouseCoopers who will retire and, being eligible, offer themselves for re-appointment. A resolution to re- appoint PricewaterhouseCoopers as independent auditor of the Company and to authorize the Directors to fix its remuneration will be proposed for approval at the forthcoming AGM.On behalf of the BoardLAUKwok Kuen, PeterChairman and Chief ExecutiveHong Kong, March 12,202466 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司獨立核數師報告書INDEPENDENTAUDITOR’SREPORTANNUAL REPORT 2023年報To the Members of Giordano International Limited(incorporated in Bermuda with limited liability)OPINIONWhat we have auditedThe consolidated financial statements of Giordano International Limited (the “Company”) and its subsidiaries (the “Group”), which are set out on pages 73 to 168, comprise: the consolidated balance sheet as at 31 December 2023; the consolidated income statement for the year then ended; the consolidated statement of comprehensive income for the year then ended; the consolidated statement of changes in equity for the year then ended; the consolidated cash flow statement for the year then ended; and the notes to the consol idated f inancia l statements, comprising material accounting policy information and other explanatory information.Our opinionIn our opinion, the consolidated financial statements give a true and fair view of the consolidated financial position of the Group as at 31 December 2023, and of its consolidated financial performance and its consolidated cash flows for the year then ended in accordance with Hong Kong Financial Reporting Standards (“HKFRSs”) issued by the Hong Kong Institute of Certified Public Accountants (“HKICPA”) and have been properly prepared in compliance with the disclosure requirements of the Hong Kong Companies Ordinance.致佐丹奴國際有限公司成員（於百慕達註冊成立的有限公司）意見我們已審計的內容佐丹奴國際有限公司（以下簡稱「貴公司」）及其附屬公司（以下統稱「貴集團」）列載於第73至168頁的合併財務報表，包括：於2023年12月31日的合併資產負債表、截至該日止年度的合併利潤表、截至該日止年度的合併全面收益表、截至該日止年度的合併權益變動表、截至該日止年度的合併現金流量表及合併財務報表附註，包括重大會計政策信息及其他解釋信息。

我們的意見我們認為，該等合併財務報表已根據香港會計師公會頒布的《香港財務報告準則》真實而中肯地反映了貴集團於2023年12月31日的合併財務狀況及其截至該日止年度的合併財務表現及合併現金流量，並已遵照香港《公司條例》的披露規定妥為擬備。

GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司獨立核數師報告書INDEPENDENTAUDITOR’SREPORT67ANNUAL REPORT 2023年報意見的基礎我們已根據香港會計師公會頒布的《香港審計準則》進行審計。

我們在該等準則下承擔的責任已在本報告「核數師就審計合併財務報表承擔的責任」部分中作進一步闡述。

我們相信，我們所獲得的審計憑證能充足及適當地為我們的審計意見提供基礎。

獨立性根據香港會計師公會頒布的《專業會計師道德守則》（以下簡稱「守則」），我們獨立於貴集團，並已履行守則中的其他專業道德責任。

關鍵審計事項關鍵審計事項是根據我們的專業判斷，認為對本期合併財務報表的審計最為重要的事項。

這些事項是在我們審計整體合併財務報表及出具意見時進行處理的。

我們不會對這些事項提供單獨的意見。

我們在審計中識別的關鍵審計事項是關於商譽的減值評估。

BASISFOROPINIONWe conducted our audi t in accordance with Hong Kong Standards on Auditing (“HKSAs”) issued by the HKICPA. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Consolidated Financial Statements section of our report.We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.IndependenceWe are independent of the Group in accordance with the HKICPA’s Code of Ethics for Professional Accountants (“the Code”), and we have fulfilled our other ethical responsibilities in accordance with the Code.KEYAUDITMATTERSKey audit matters are those matters that, in our professional judgment, were of most s ign i f icance in our audi t o f the consolidated financial statements of the current period. These matters were addressed in the context of our audit of the consolidated financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters.The key audit matter ident i f ied in our audi t is re lated to impairment assessment of goodwill.68 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司獨立核數師報告書INDEPENDENTAUDITOR’SREPORTANNUAL REPORT 2023年報關鍵審計事項我們的審計如何處理關鍵審計事項Key Audit Matter How our audit addressed the Key Audit Matter 商譽減值評估Impairment assessment of goodwill請參閱合併財務報表附註24「商譽」，會計政策中的附註2(j)及重要會計估計及判斷中的附註4(ii)。

Refer to note 24 “Goodwill”, Accounting Policies note 2(j) and Critical Accounting Estimates and Judgements in note 4( i i ) to the consol idated financial statements列示於合併資產負債表的商譽共計5.41億港元，來自於收購佐丹奴海灣阿拉伯國家合作委員會業務（以下簡稱「海灣阿拉伯國家合作委員會業務」）。

此部分商譽已被分攤至現金產生單元組（以下簡稱「現金產生單元」），以進行商譽減值測試。

Goodwill of HK$541 million on the consolidated balance sheet arose from the acquisitions of the Giordano Gulf Cooperation Council businesses (the “Gulf Cooperation Council Business”), which has been allocated to a group of cash generating un i ts ( “CGUs” ) fo r the purpose o f goodwi l l impairment testing.海灣阿拉伯國家合作委員會業務現金產生單元組的可收回金額評估以管理層編製的現金流預測為基礎，並按公允價值減去銷售成本來計算。

The assessments of the recoverable amount of the group of CGUs for the Gulf Cooperation Council Business were based on the cash flow projections prepared by management, using fair value less costs of disposal calculations.我們關注該等餘額是因為估值模型涉及管理層就海灣阿拉伯國家合作委員會業務的未來業績所作的重要判斷。

We focused on these balances because the valuation models involve significant judgements made by management about the future results of the Gulf Cooperation Council Business.我們通過評估管理層制定估值模型時所採用的估值方法與估值流程的適當性來評估其估值模型，並將相關輸入與董事會批准的最新預算進行比較。

同時，我們還將歷史實際結果與其之前的預算進行比較，以評估管理層的估計流程的效用。

We evaluated management’s valuation models by assessing the appropriateness of the valuation methodology and the process by which the models were drawn up and compared the underlying inputs to the latest Board approved budget. We also compared historical actual results to those budgeted to assess the effectiveness of management’s estimation process.我們著重關注計算中採用的關鍵假設與輸入，特別是：We have focused on the key assumptions and inputs used in the calculations, particularly:採用的風險調整折現率，並根據相關公司和行業及國家特定的可比實體的資本成本對該等折現率進行評估；the risk adjusted discount rates used, and assessed these against the cost of capital of the relevant companies and industry and country specific comparable entities;預計年度銷售增長率與現金產生單元的最終增長率，因為這些因素被視為海灣阿拉伯國家合作委員會業務估值的核心部分。

我們從各個方面將管理層所作的上述假設與外部零售行業前景報告和國家具體經濟增長預測進行了比較。

the projected annual sales growth rates and the terminal growth rates for the CGUs, as these were considered to be the key drivers of the valuation of the Gulf Cooperation Council Business. We compared management’s assumptions of these against external retail industry outlook reports and country specific economic growth forecasts from different sources.我們評估管理層對估值模型中所採用主要假設的合理可能變動對現金產生單元組可收回金額的敏感度。

We evaluated management’s sensit ivity of a reasonably possible change in the key assumptions adopted in the valuation models to the recoverable amounts of the group of CGUs.我們根據適用財務報告準則評估有關減值評估的披露是否充足。

We assessed the adequacy of the disclosures relating to the impairment assessment in the context of applicable financial reporting standards.基於現有證據，我們認為管理層於減值評估時採用的判斷和假設獲現有理據支持。

We found that management’s judgements and assumptions used in the impairment assessment were supportable, based on the available evidence obtained.GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司獨立核數師報告書INDEPENDENTAUDITOR’SREPORT69ANNUAL REPORT 2023年報OTHERINFORMATIONThe directors of the Company are responsible for the other in format ion. The other in format ion compr ises a l l o f the informat ion inc luded in the annual report other than the consolidated financial statements and our auditor’s report thereon.Our opinion on the consolidated financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.In connection with our audit of the consol idated f inancial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the consolidated financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated.If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.RESPONSIBILITIESOFDIRECTORSANDTHOSE CHARGEDWITHGOVERNANCEFORTHE CONSOLIDATEDFINANCIALSTATEMENTSThe directors of the Company are responsible for the preparation of the consolidated financial statements that give a true and fair view in accordance with HKFRSs issued by the HKICPA and the disclosure requirements of the Hong Kong Companies Ordinance, and for such internal control as the directors determine is necessary to enable the preparation of consolidated financial statements that are free from material misstatement, whether due to fraud or error.In preparing the consolidated financial statements, the directors are responsible for assessing the Group’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Group or to cease operations, or have no realistic alternative but to do so.Those charged with governance are responsible for overseeing the Group’s financial reporting process.其他信息貴公司董事須對其他信息負責。

其他信息包括年報內的所有信息，但不包括合併財務報表及我們的核數師報告。

我們對合併財務報表的意見並不涵蓋其他信息，我們亦不對該等其他信息發表任何形式的鑒證結論。

結合我們對合併財務報表的審計，我們的責任是閱讀其他信息，在此過程中，考慮其他信息是否與合併財務報表或我們在審計過程中所了解的情況存在重大抵觸或者似乎存在重大錯誤陳述的情況。

基於我們已執行的工作，如果我們認為其他信息存在重大錯誤陳述，我們需要報告該事實。

在這方面，我們沒有任何報告。

董事及治理層就合併財務報表 須承擔的責任貴公司董事須負責根據香港會計師公會頒布的《香港財務報告準則》及香港《公司條例》的披露規定擬備真實而中肯的合併財務報表，並對其認為為使合併財務報表的擬備不存在由於欺詐或錯誤而導致的重大錯誤陳述所需的內部控制負責。

在擬備合併財務報表時，董事負責評估貴集團持續經營的能力，並在適用情況下披露與持續經營有關的事項，以及使用持續經營為會計基礎，除非董事有意將貴集團清盤或停止經營，或別無其他實際的替代方案。

治理層須負責監督貴集團的財務報告過程。

70 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司獨立核數師報告書INDEPENDENTAUDITOR’SREPORTANNUAL REPORT 2023年報核數師就審計合併財務報表承擔的責任我們的目標，是對合併財務報表整體是否不存在由於欺詐或錯誤而導致的重大錯誤陳述取得合理保證，並出具包括我們意見的核數師報告。

我們僅按照百慕達一九八一年《公司法》第90條向閣下（作為整體）報告我們的意見，除此之外本報告別無其他目的。

我們不會就本報告的內容向任何其他人士負上或承擔任何責任。

合理保證是高水平的保證，但不能保證按照《香港審計準則》進行的審計，在某一重大錯誤陳述存在時總能發現。

錯誤陳述可以由欺詐或錯誤引起，如果合理預期它們單獨或滙總起來可能影響合併財務報表使用者依賴合併財務報表所作出的經濟決定，則有關的錯誤陳述可被視作重大。

在根據《香港審計準則》進行審計的過程中，我們運用了專業判斷，保持了專業懷疑態度。

我們亦：識別和評估由於欺詐或錯誤而導致合併財務報表存在重大錯誤陳述的風險，設計及執行審計程序以應對這些風險，以及獲取充足和適當的審計憑證，作為我們意見的基礎。

由於欺詐可能涉及串謀、偽造、蓄意遺漏、虛假陳述，或凌駕於內部控制之上，因此未能發現因欺詐而導致的重大錯誤陳述的風險高於未能發現因錯誤而導致的重大錯誤陳述的風險。

了解與審計相關的內部控制，以設計適當的審計程序，但目的並非對貴集團內部控制的有效性發表意見。

評價董事所採用會計政策的恰當性及作出會計估計和相關披露的合理性。

AUDITOR’SRESPONSIBILITIESFORTHEAUDITOF THECONSOLIDATEDFINANCIALSTATEMENTSOur objectives are to obtain reasonable assurance about whether the consolidated financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. We report our opinion solely to you, as a body, in accordance with Section 90 of the Companies Act 1981 of Bermuda, and for no other purpose. We do not assume responsibility towards or accept liability to any other person for the contents of this report. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with HKSAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated financial statements.As part of an audit in accordance with HKSAs, we exercise professional judgment and maintain professional scepticism throughout the audit. We also: Identify and assess the risks of material misstatement of the consolidated financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group’s internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors.GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司獨立核數師報告書INDEPENDENTAUDITOR’SREPORT71ANNUAL REPORT 2023年報 Conclude on the appropriateness of the directors’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the consolidated financial statements or, i f such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Group to cease to continue as a going concern. Evaluate the overall presentation, structure and content of the consolidated financial statements, including the disclosures, and whether the consol idated f inancia l statements represent the underlying transactions and events in a manner that achieves fair presentation. Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the Group to express an opinion on the consolidated financial statements. We are responsible for the direction, supervision and performance of the group audit. We remain solely responsible for our audit opinion.We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, actions taken to eliminate threats or safeguards applied.對董事採用持續經營會計基礎的恰當性作出結論。

根據所獲取的審計憑證，確定是否存在與事項或情況有關的重大不確定性，從而可能導致對貴集團的持續經營能力產生重大疑慮。

如果我們認為存在重大不確定性，則有必要在核數師報告中提請使用者注意合併財務報表中的相關披露。

假若有關的披露不足，則我們應當發表非無保留意見。

我們的結論是基於核數師報告日止所取得的審計憑證。

然而，未來事項或情況可能導致貴集團不能持續經營。

評價合併財務報表的整體列報方式、結構和內容，包括披露，以及合併財務報表是否中肯反映交易和事項。

就貴集團內實體或業務活動的財務信息獲取充足、適當的審計憑證，以便對合併財務報表發表意見。

我們負責貴集團審計的方向、監督和執行。

我們為審計意見承擔全部責任。

除其他事項外，我們與治理層溝通了計劃的審計範圍、時間安排、重大審計發現等，包括我們在審計中識別出內部控制的任何重大缺陷。

我們還向治理層提交聲明，說明我們已符合有關獨立性的相關專業道德要求，並與他們溝通有可能合理地被認為會影響我們獨立性的所有關係和其他事項，以及在適用的情況下，用以消除對獨立性產生威脅的行動或採取的防範措施。

72 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司獨立核數師報告書INDEPENDENTAUDITOR’SREPORTANNUAL REPORT 2023年報From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the consolidated financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor’s report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication.The engagement par tne r on the aud i t resu l t i ng in th i s independent auditor’s report is Chan Ka Yee.PricewaterhouseCoopersCertified Public AccountantsHong Kong,12 March 2024從與治理層溝通的事項中，我們確定哪些事項對本期合併財務報表的審計最為重要，因而構成關鍵審計事項。

我們在核數師報告中描述這些事項，除非法律法規不允許公開披露這些事項，或在極端罕見的情況下，如果合理預期在我們報告中溝通某事項造成的負面後果超過產生的公眾利益，我們決定不應在報告中溝通該事項。

出具本獨立核數師報告的審計項目合夥人是陳嘉怡。

羅兵咸永道會計師事務所執業會計師香港，2024年3月12日GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司合併利潤表CONSOLIDATEDINCOMESTATEMENT73截至2023年12月31日止年度For the year ended December 31,2023ANNUAL REPORT 2023年報（除每股盈利外，以百萬港元為單位）(In HK$ million, except earnings per share)附註Note 20232022 收入Revenue 53,8733,799銷售成本Cost of sales 7 (1,610) (1,653) 毛利Gross profit 2,2632,146其他收入及其他收益，淨額Other income and other gains, net 66872分銷費用Distribution expense 7 (1,630) (1,594)行政費用Administrative expense 7 (198) (199) 經營溢利Operating profit 7 503425融資費用Finance expense 8 (40) (25)應佔一間合營公司溢利Share of profit of a joint venture 204536 除所得稅前溢利Profit before income taxes 5 508436所得稅Income taxes 11 (119) (107) 本年度除所得稅後溢利Profit after income taxes for the year 389329 應佔：Attributable to:本公司股東Shareholders of the Company 345268非控制性權益Non-controlling interests 4461 389329 本公司股東應佔之每股盈利Earnings per share attributable to shareholders of the Company 12基本（港仙） Basic (HK cents) 21.617.0 攤薄（港仙） Diluted (HK cents) 21.416.9 74 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司合併綜合收益表CONSOLIDATEDSTATEMENTOFCOMPREHENSIVEINCOME截至2023年12月31日止年度For the year ended December 31,2023ANNUAL REPORT 2023年報附註（以百萬港元為單位） (In HK$ million) Note 20232022 本年度除所得稅後溢利Profit after income taxes for the year 389329其他綜合收益：Other comprehensive income:不會重新分類至損益賬之項目：Items that will not be reclassified to profit or loss:於其他綜合收益按公允值處理之金融資產公允值變動Fair value change on financial asset at fair value through other comprehensive income 19 (2) (1)海外附屬公司非控制性權益應佔之換算匯兌調整Exchange adjustments on translation of overseas subsidiaries which are attributed to the non-controlling interests – (15)或可重新分類至損益賬之項目：Items that may be reclassified to profit or loss:海外附屬公司、一間合營公司及分公司之換算匯兌調整Exchange adjustments on translation of overseas subsidiaries, a joint venture and branches (10) (63) 本年度總綜合收益Total comprehensive income for the year 377250 應佔：Attributable to:本公司股東Shareholders of the Company 333204非控制性權益Non-controlling interests 4446 377250 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司合併資產負債表CONSOLIDATEDBALANCESHEET2023年12月31日December 31,202375ANNUAL REPORT 2023年報附註（以百萬港元為單位） (In HK$ million) Note 20232022 資產ASSETS流動資產Current assets現金及銀行結存Cash and bank balances 14935960應收賬款及其他應收款Trade and other receivables 16319390存貨Inventories 17474612租金預付款項Rental prepayments 1834於損益賬按公允值處理之金融資產Financial asset at fair value through profit or loss 15 – 6可收回所得稅款Income tax recoverable 45 流動資產總額Total current assets 　 1,7351,977 非流動資產Non-current assets 　於其他綜合收益按公允值處理之金融資產Financial asset at fair value through other comprehensive income 1913於損益賬按公允值處理之金融資產Financial asset at fair value through profit or loss 152828按金及其他應收款Deposits and other receivable 167473一間合營公司權益Interest in a joint venture 20494490投資物業Investment properties 211618物業、機器及設備Property, plant and equipment 22166133使用權資產Right-of-use assets 23762690商譽Goodwill 24541541遞延稅項資產Deferred tax assets 323955 非流動資產總額Total non-current assets 　 2,1212,031 資產總額Total assets 　 3,8564,008 負債及權益LIABILITIESANDEQUITY 　流動負債Current liabilities銀行貸款Bank loans 293012應付賬款及其他應付款Trade and other payables 30552555租賃負債Lease liabilities 23329326授出認沽期權負債Put option liabilities 318181應付所得稅Income tax payables 104113 流動負債總額Total current liabilities 　 1,0961,087 76 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023ANNUAL REPORT 2023年報合併資產負債表（續）CONSOLIDATEDBALANCESHEET (continued)附註（以百萬港元為單位） (In HK$ million) Note 20232022 非流動負債Non-current liabilities租賃負債Lease liabilities 23337287遞延稅項負債Deferred tax liabilities 32111112 非流動負債總額Total non-current liabilities 　 448399 負債總額Total liabilities 　 1,5441,486 股本及儲備Capital and reserves股本Share capital 258179儲備Reserves 281,8902,001擬派股息Proposed dividends 13218237 本公司股東應佔權益Equity attributable to shareholders of the Company 2,1892,317非控制性權益Non-controlling interests 26123205 權益總額Total equity 　 2,3122,522 權益及負債總額Total equity and liabilities 　 3,8564,008 淨流動資產Net current assets 　 639890 資產總額減流動負債Total assets less current liabilities 　 2,7602,921 陳嘉緯羅學文CHANKa Wai Mark Alan LOYND董事董事Director DirectorGIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司合併現金流量表CONSOLIDATEDCASHFLOWSTATEMENT截至2023年12月31日止年度For the year ended December 31,202377ANNUAL REPORT 2023年報附註（以百萬港元為單位） (In HK$ million) Note 20232022 經營業務：Operating activities:除所得稅前溢利Profit before income taxes 508436調整：Adjustments for:應佔一間合營公司溢利Share of profit of a joint venture 20 (45) (36)於損益賬按公允值處理之金融資產之公允值虧損（收益）Fair value loss (gain) on financial asset at fair value through profit or loss66 (6)租金預付款項攤銷Amortization of rental prepayments 1811利息收入Interest income 6 (23) (12)物業、機器及設備及投資物業折舊Depreciation of property, plant and equipment and investment properties 7,21,225347使用權資產折舊Depreciation of right-of-use assets 7,23412393出售物業、機器及設備之淨虧損Net loss on disposal of property, plant and equipment 61 –使用權資產之減值虧損Impairment of right-of-use assets 7,23 – 3使用權資產之減值撥回Reversal of impairment of right-of-use assets 7,23 – (2)陳舊存貨撥備（撥備撥回）及存貨撇銷淨額Net provision (reversal of provision) for obsolete stock and stock written off 73 (4)應收賬款虧損撥備變動Change in loss allowance for trade receivables 16 (4) (2)融資費用Finance expense 84025匯兌調整Exchange difference – (24) 營運資金、利息及所得稅變動前之經營現金流入Operating cash inflow before changes in working capital, interest and income taxes 952819存貨之減少（增加） Decrease (increase) in inventories 135 (2)應收賬款及其他應收款之減少Decrease in trade and other receivables 2454應付賬款及其他應付款之（減少）增加(Decrease) increase in trade and other payables (18) 40 經營活動所產生之現金Cash generated from operations 1,093911已付利息Interest paid (40) (25)已付香港利得稅Hong Kong profits tax paid (2) –已付海外稅項Overseas tax paid (109) (76) 經營業務之現金流入淨額Net cash inflow from operating activities 942810 78 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司截至2023年12月31日止年度For the year ended December 31,2023ANNUAL REPORT 2023年報合併現金流量表（續）CONSOLIDATEDCASHFLOWSTATEMENT (continued)附註（以百萬港元為單位） (In HK$ million) Note 20232022 投資業務：Investing activities:購買物業、機器及設備Purchase of property, plant and equipment 22 (87) (66)出售物業、機器及設備之所得款項Proceeds from disposal of property, plant and equipment – 1租金及其他應收款之（增加） 減少(Increase) decrease in deposits and other receivables (4) 8租金預付款項之增加Increase in rental prepayments 18 – (2)銀行定期存款之增加Increase in bank time deposits 14 (115) (61)已收利息Interest received 2312已收一間合營公司股息Dividends received from a joint venture 202832 投資業務之現金流出淨額Net cash outflow from investing activities (155) (76) 融資業務：Financing activities:按金及其他應收款之（增加） 減少(Increase) decrease in deposits and other receivable (1) 1使用權資產之租賃付款Leases payment for right-of-use assets – (3)租賃負債之本金部分之付款Payment for principal elements of lease liabilities 35 (400) (402)發行股本所得款項Proceeds from issue of shares 473股份回購Share repurchase – (3)出售一間附屬公司之部分權益之所得款項Proceeds from disposal of partial interest in a subsidiary 2 –收購一間附屬公司之額外權益之付款Payment for acquisition of additional interest in a subsidiary (3) –已付非控制性權益股息Dividends paid to non-controlling interests (75) (2)已付股息Dividends paid (514) (292)新增銀行貸款Addition of bank loans 3512344償還銀行貸款Repayment of bank loans 35 (105) (199) 融資業務之現金流出淨額Net cash outflow from financing activities (926) (853) 現金及現金等值之減少Decrease in cash and cash equivalents (139) (119)年初現金及現金等值項目Cash and cash equivalents at the beginning of the year 8601,004現金及現金等值外幣匯率變動之影響Effect of foreign exchange rate changes on cash and cash equivalents (1) (25) 年終現金及現金等值項目Cash and cash equivalents at the end of the year 720860 現金及現金等值結存之分析ANALYSISOFBALANCESOFCASHAND CASHEQUIVALENTS現金及銀行結存Cash and bank balances 14935960減：存款日起三個月以上到期之銀行存款Less: Bank deposits with maturity over three months, from date of deposit (215) (100) 720860 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司合併權益變動表CONSOLIDATEDSTATEMENTOFCHANGESINEQUITY79截至2023年12月31日止年度For the year ended December 31,2023ANNUAL REPORT 2023年報本公司股東應佔權益Attributable to shareholders of the Company （以百萬港元為單位）(In HK$ million)股本Share capital繳入盈餘Contributed surplus資本贖回儲備Capital redemption reserve股份溢價Share premium購股權儲備Share options reserve匯兌儲備Exchange reserve其他儲備Other reserves於其他綜合收益按公允值處理之金融資產儲備Financial asset at fair value through other comprehensive income reserve滾存溢利Retained profits合計Total非控制性權益Non-controlling interests權益總額Total equity 於2023年1月1日At January 1,202379383398322 (84) 118 (6) 8192,3172052,522 本年度除所得稅後溢利Profit after income taxes for the year – – – – – – – – 34534544389其他綜合收益：Other comprehensive income:－於其他綜合收益按公允值處理之金融資產公允值的變動Fair value change on financial asset at fair value through other comprehensive income – – – – – – – (2) – (2) – (2)－海外附屬公司、一間合營公司及分公司換算之匯兌調整Exchange adjustment on translation of overseas subsidiaries, a joint venture and branches – – – – – (10) – – – (10) – (10) 總綜合收益Total comprehensive income – – – – – (10) – (2) 34533344377 於其他綜合收益按公允值處理之金融資產的出售Disposal of financial asset at fair value through other comprehensive income – – – – – – – 1 (1) – – –與股東交易：Transactions with shareholders:儲備間撥轉Transfer among reserves – – – – (6) – – – 6 – – –購股權計劃Share option scheme－因行使購股權而發行之股份Share issue upon exercise of share options 2 – – 45 – – – – – 47 – 47非控制性權益股息Dividends to non-controlling interests – – – – – – – – – – (75) (75)收購一間附屬公司之額外權益Acquisition of additional interest in a subsidiary – – – – – – 6 – – 6 (53) (47)出售一間附屬公司之部分權益Disposal of partial interest in a subsidiary – – – – – – – – – – 222022年末期股息（附註13(b)）2022 final dividend (Note 13(b)) – – – – – – – – (240) (240) – (240)2023年中期股息（附註13(a)）2023 interim dividend (Note 13(a)) – – – – – – – – (274) (274) – (274) 2 – – 45 (6) – 61 (509) (461) (126) (587) 於2023年12月31日At December 31,20238138331,02816 (94) 124 (7) 6552,1891232,312 80 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司截至2023年12月31日止年度For the year ended December 31,2023ANNUAL REPORT 2023年報合併權益變動表（續）CONSOLIDATEDSTATEMENTOFCHANGESINEQUITY (continued)本公司股東應佔權益Attributable to shareholders of the Company （以百萬港元為單位）(In HK$ million)股本Share Capital繳入盈餘Contributed surplus資本贖回儲備Capital redemption reserve股份溢價Share premium購股權儲備Share options reserve匯兌儲備Exchange reserve其他儲備Other reserves於其他綜合收益按公允值處理之金融資產儲備Financial asset at fair value through other comprehensive income reserve滾存溢利Retained profits合計Total非控制性權益Non-controlling interests權益總額Totalequity 於2022年1月1日At January 1,202279383398024 (21) 115 (5) 8442,4021612,563 本年度除所得稅後溢利Profit after income taxes for the year – – – – – – – – 26826861329其他綜合收益：Other comprehensive income:－於其他綜合收益按公允值處理之金融資產公允值的變動Fair value change on financial asset at fair value through other comprehensive income – – – – – – – (1) – (1) – (1)－海外附屬公司、一間合營公司及分公司換算之匯兌調整Exchange adjustment on translation of overseas subsidiaries, a joint venture and branches – – – – – (63) – – – (63) (15) (78) 總綜合收益Total comprehensive income – – – – – (63) – (1) 26820446250 與股東交易：Transactions with shareholders:儲備間撥轉Transfer among reserves – – – – (2) – 3 – 23 – 3購股權計劃Share option scheme－因行使購股權而發行之股份Share issue upon exercise of share options – – – 3 – – – – – 3 – 3非控制性權益股息Dividends to non-controlling interests – – – – – – – – – – (2) (2)2021年末期股息（附註13(b)）2021 final dividend (Note 13(b)) – – – – – – – – (158) (158) – (158)2022年中期股息（附註13(a)）2022 interim dividend (Note 13(a)) – – – – – – – – (134) (134) – (134)購回之股份（附註25(c)）Shares repurchased (Note 25(c)) – – – – – – – – (3) (3) – (3) – – – 3 (2) – 3 – (293) (289) (2) (291) 於2022年12月31日At December 31,202279383398322 (84) 118 (6) 8192,3172052,522 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司財務報表附註NOTESTOTHEFINANCIALSTATEMENTS2023年12月31日December 31,202381ANNUAL REPORT 2023年報1. GENERALINFORMATIONGiordano International Limited (the “Company”) and its subsidiaries (together the “Group”) distribute and sell fashion apparel under the brand names of Giordano and Giordano Junior , Giordano Ladies , Beau Monde as well as other owned and licensed brands through an extensive network with approximately 1,800 shops spanning over 30 countries and regions.The Company was incorporated in Bermuda on March 3, 1995 as an exempted company with limited liability under the Companies Act 1981 of Bermuda. The address of its registered office is Victoria Place,5th Floor,31 Victoria Street, Hamilton HM10, Bermuda. The address of its principal place of business in Hong Kong is 5th Floor, Tin On Industrial Building,777–779 Cheung Sha Wan Road, Kowloon, Hong Kong. The Company has its primary listing on the main board of The Stock Exchange of Hong Kong Limited (the “Stock Exchange”) (stock code: 709).The consolidated financial statements have been presented in million of units of Hong Kong dollars (HK$ million) unless otherwise stated. These consolidated financial statements have been approved for issue by the board of directors (the “Board”) on March 12,2024.2. MATERIALACCOUNTINGPOLICIESThe material accounting policies applied in the preparation of these consolidated financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.(a) Basis of preparationThe consolidated financial statements have been prepared in accordance with Hong Kong Financial Report ing Standards (“HKFRSs”) issued by the Hong Kong Institute of Certified Public Accountants (“HKICPA”). In addition, the consolidated financial statements include applicable disclosures required by the Rules Governing the Listing of Securities (the “Listing Rules”) of the Stock Exchange and by the Hong Kong Companies Ordinance. The consolidated financial statements have been prepared under the historical cost convention, except for certain financial assets and liabilities (including derivative instruments) measured at fair value.1. 一般資料佐丹奴國際有限公司（「本公司」）及其附屬公司（統稱「本集團」）透過一個擁有約1,800間店舖並遍布30多個國家及地區之零售網絡分銷及銷售Giordano及Giordano Junior、Giordano Ladies、Beau Monde及其他自有及授權經營之品牌。

本公司於1995年3月3日根據百慕達1981年公司法在百慕達註冊成立之獲豁免有限責任公司。

其註冊辦事處位於Victoria Place,5th Floor,31 Victoria Street, Hamilton HM10, Bermuda.。

其香港主要營業地點位於香港九龍長沙灣道777至779號天安工業大廈5樓。

本公司之股份主要於香港聯合交易所有限公司（「聯交所」）主板上市（股份代號：709）。

除特別註明外，本合併財務報表以百萬港元為單位。

此合併財務報表已於2024年3月12日獲董事會（「董事會」）批准刊發。

2. 重大會計政策編製本合併財務報表採用的重大會計政策載於下文。

除另有說明外，此等政策在所列報的所有年度內貫徹應用。

(a) 編製基準本合併財務報表乃按照香港會計師公會（「香港會計師公會」）頒佈之香港財務報告準則（「香港財務報告準則」）編製。

此外，合併財務報表包括聯交所證券上市規則（「上市規則」）及香港公司條例規定的適用披露資料。

本合併財務報表按照歷史成本法編製，惟若干金融資產及負債（包括衍生工具）按公允值計量。

82 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)2. 重大會計政策（續）(a) 編製基準（續）在遵照香港財務報告準則編製財務報表時需運用若干重要會計估計。

管理層亦需要在應用本集團之會計政策時作出判斷。

若干需要高度判斷或涉及複雜範疇，或對合併財務報表有重大影響之假設和估算於附註4披露。

於本年度，本集團已採納香港會計師公會頒佈的所有與本集團業務相關且並於2023年1月1日起之年度強制生效的準則及詮釋修訂。

採納香港會計準則第12號（修訂本）－與單一交易所引致資產及負債相關的遞延稅項，要求本集團就所有與租賃相關的暫時性差異確認遞延稅項。

追溯自2022年1月1日起，該應用主要影響附註32中抵銷前的遞延所得稅資產及負債組成部分之披露，但不影響2022年1月1日及2022年12月31日合併財務狀況表中列報的整體遞延稅項餘額，因為相關遞延稅項餘額符合香港會計準則第12號規定的抵銷資格。

對採納其他經修訂的準則及詮釋不會導致本集團會計政策出現重大影響。

2. MATERIALACCOUNTINGPOLICIES (continued)(a) Basis of preparation (continued)The preparation of financial statements in conformity with HKFRSs requires the use of certain cr i t ical accounting estimates. It also requires management to exercise its judgment in the process of applying the Group’s accounting policies. The areas involving a higher degree of judgment or complexity, or areas where assumptions and estimates are significant to the consolidated financial statements are disclosed in Note 4.In the current year, the Group has adopted all the amendments to standards and interpretation issued by the HKICPA that are relevant to the Group’s operations and mandatory for annual periods beginning January 1, 2023.The adoption of HKAS 12 (Amendments) – Deferred Tax related to Assets and Liabilities from a Single Transaction requires the Group to recognize deferred tax for all temporary differences related to leases. The retrospective application from January 1,2022 pr imari ly impacts disclosures of components of deferred tax assets and liabilities before offsetting in note 32, but does not impact the overall deferred tax balances presented in the consolidated statement of financial position as at January 1,2022 and December 31,2022, as the related deferred tax balances qualify for offsetting under HKAS 12.The adoption of other amendments to standards and interpretation does not have a material impact on the Group’s accounting policies.GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,202383ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)2. MATERIALACCOUNTINGPOLICIES (continued)(b) Impact of amended standardsThe Group has appl ied the fo l lowing amended standards issued by HKICPA which were relevant and effective for the Group’s financial year beginning on or after January 1,2023:– Amendments to HKAS 1 and HKFRS Practice Statement 2Disclosure of Accounting Policies– Amendments to HKAS 8Definition of Accounting Estimates– Amendments to HKAS 12Deferred tax related to assets and liabilities arising from a single transaction– Amendments to HKAS 12International Tax Reform – Pillar Two Model RulesThe adoption of the above amendments to standards did not result in substantial changes to the Group’s accounting policies, financial results, or position.(c) Amended standards issued, but not yet effectiveThe Group has not ear ly appl ied the amended standards that have been issued but not yet effective. The adoption of these is not expected to have a material impact on the financial results or position of the Group.2. 重大會計政策（續）(b) 經修訂之準則的影響本集團應用以下香港會計師公會頒佈之經修訂之準則，並於2023年1月1日或之後開始之本集團財政年度相關及生效：–香港會計準則第1號及香港財務報告準則實務報告第2號之修訂會計政策的披露–香港會計準則第8號之修訂會計估計的定義–香港會計準則第12號之修訂與單一交易所引致資產及負債相關的遞延稅項–香港會計準則第12號之修訂國際稅務改革－支柱二規則範本對採納上文經修訂的準則不會導致本集團的會計政策或財務業績或狀況出現重大變動。

(c) 已頒佈但尚未生效的經修訂之準則本集團並無提前應用該等已頒佈但尚未生效的經修訂之準則。

採納該等準則預期不會對本集團的財務業績或狀況構成重大影響。

84 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)2. 重大會計政策（續）(d) 附屬公司( i ) 合併附屬公司為本集團控制之實體（包括結構性實體）。

當本集團對參與實體業務之浮動回報承擔風險或享有權利以及能透過對實體之權力影響該等回報時，即取得控制權。

附屬公司在控制權轉移至本集團之日全面合併入賬。

附屬公司在控制權終止之日起停止合併入賬。

業務合併本集團應用購買法將業務合併入賬。

購買附屬公司所轉讓的對價，為所轉讓資產、對被收購方的前所有人產生的負債，及本集團發行的股本權益的公允值。

所轉讓的對價包括或有對價安排所產生的任何資產和負債的公允值。

在業務合併中所購買可辨認的資產以及所承擔的負債及或有負債，首先以彼等於購買日期的公允值計量。

本集團按個別收購基準，確認在被購買方的任何非控制性權益。

被購買方的非控制性權益為現時的擁有權權益，並賦予持有人一旦清盤時按比例應佔主體的淨資產，可按公允值或按現時擁有權權益應佔被收購方可識別淨資產的確認金額比例而計量。

非控制性權益的所有其他組成部分按收購日期的公允值計量，除非香港財務報告準則規定必須以其他計量基準計算。

收購相關成本於產生時列為開支。

2. MATERIALACCOUNTINGPOLICIES (continued)(d) Subsidiaries(i) ConsolidationA subsidiary is an entity (including a structured entity) over which the Group has control. The Group controls an entity when the Group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the Group. They are de-consolidated from the date that control ceases.Business combinationThe Group appl ies the acquis i t ion method to account for business combinat ions. The consideration transferred for the acquisit ion of a subsidiary is the fair values of the assets transferred, the liabilities incurred to the former owners of the acquiree and the equity interests i s sued by t he G roup . The cons ide ra t i on transferred includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date.The Group recognizes any non-contro l l ing interests in the acquiree on an acquisition-by-acquisition basis. Non-controlling interests in the acquiree that are present ownership interests and ent i t le their holders to a proport ionate share of the entity’s net assets in the event of liquidation are measured at either fair value or the present ownership interests’ proportionate share in the recognized amounts of the acquiree’s identifiable net assets. All other components of non-controll ing interests are measured at their acquisition date fair value, unless another measurement basis is required by HKFRSs.Acquis i t ion re lated costs are expensed as incurred.GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,202385ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)2. 重大會計政策（續）(d) 附屬公司（續）( i ) 合併（續）業務合併（續）倘業務合併分階段進行，收購方過往於被收購方持有之股權按於收購日期之公允值價透過損益重新計量。

上述重新計量時出現之收益及虧損均於損益賬內確認。

所轉讓對價、被收購方任何非控制性權益及被收購方任何過往股權於收購日期之公允值超出所收購資產淨值公允值之差額乃作為商譽列賬。

若在折扣收購之情況下，所轉讓對價、已確認非控制性權益及已計量之過往持有權益少於所收購附屬公司之資產淨值公允值，差額直接於合併利潤表內確認。

集團內公司之間的交易、結餘及交易之未變現利得予以對銷。

未變現損失亦予以對銷，除非該交易為所交易資產之減值提供憑據。

附屬公司之會計政策在需要情況下已作修訂，以確保與本集團所採納之政策一致。

不導致失去控制權的附屬公司權益變動本集團將其與非控制性權益進行不導致失去控制權的交易入賬為權益交易—即與所有者以其作為所有者身份進行的交易。

所支付任何對價的公允值與相關應佔所收購附屬公司淨資產賬面值的差額記錄為權益。

處置非控制性權益的盈虧亦記錄在權益中。

2. MATERIALACCOUNTINGPOLICIES (continued)(d) Subsidiaries (continued)(i) Consolidation (continued)Business combination (continued)I f the business combinat ion is achieved in stages, the acquisition date carrying value of the acquirer’s previously held equity interest in the acquiree is re-measured to fair value at the acquisition date; any gains or losses arising from such re-measurement are recognized in profit or loss.The excess of the consideration transferred, the amount of any non-controlling interests in the acquiree and the acquisition-date fair value of any previous equity interests in the acquiree over the fair value of the identifiable net assets acquired are recorded as goodwill. If the total of consideration transferred, non-controll ing interests recognized and previously held interests measured are less than the fair value of the net assets of the subsidiary acquired in the case of a bargain purchase, the difference is recognized directly in the consolidated income statement.I n t r a - g r o u p t r a n s a c t i o n s , b a l a n c e s a n d unrealized gains on transactions between group companies are eliminated. Unrealized losses are also eliminated unless the transaction provides evidence of an impairment of the transferred asset. When necessary, amounts reported by subsidiaries have been adjusted to conform with the Group’s accounting policies.Change in ownership interests in subsidiaries without change of controlTransactions with non-controlling interests that do not result in loss of control are accounted for as equity transactions – that is, as transactions with the owners in their capacity as owners. The difference between fair value of any consideration paid and the relevant share acquired of the carrying value of net assets of the subsidiary is recorded in equity. Gains or losses on disposal to non-controlling interests are also recorded in equity.86 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)2. 重大會計政策（續）(d) 附屬公司（續）( i ) 合併（續）出售附屬公司當本集團不再持有控制權，在實體的任何保留權益重新計量至公允值，賬面值的變動在損益賬中確認。

公允值為就保留權益的後續入賬而言為聯營公司、合營公司或金融資產的初始賬面值。

此外，之前在其他綜合收入中確認與該實體有關的任何金額猶如本集團已直接出售相關資產和負債般入賬。

這可能表示之前在其他綜合收入中確認的數額重新分類至損益賬。

( i i ) 獨立財務報表附屬公司投資按成本扣除減值列賬。

成本亦包括投資的直接歸屬成本。

附屬公司的業績由本公司按已收及應收股息入賬。

如股息超過宣派股息期內附屬公司的總綜合收益，或如在獨立財務報表的投資帳面值超過合併財務報表中被投資公司淨資產（包括商譽）的帳面值，則必須對附屬公司投資作減值測試。

2. MATERIALACCOUNTINGPOLICIES (continued)(d) Subsidiaries (continued)(i) Consolidation (continued)Disposal of subsidiariesWhen the Group ceases to have control, any retained interest in the entity is re-measured to its fair value at the date when control is lost, with the change in carrying amount recognized in profit or loss. The fair value is the initial carrying amount for the purposes of subsequently accounting for the retained interest as an associate, joint venture or f inancial asset. In addit ion, any amounts previously recognized in other comprehensive income in respect of that entity are accounted for as if the Group had directly disposed of the related assets or liabilities. This may mean that amounts previously recognized in other comprehensive income are reclassified to profit or loss.(ii) Separate financial statementsInvestments in subsidiaries are accounted for at cost, less impairment. Cost also includes direct attributable costs of investment. The results of subsidiaries are accounted for by the Company on the basis of dividend received and receivable.Impa i rment tes t i ng o f the i nves tments i n subsidiaries is required upon receiving dividends from these investments if the dividend exceeds the total comprehensive income of the subsidiary in the period the dividend is declared or if the carrying amount of the investment in the separate financial statements exceeds the carrying amount in the consolidated financial statements of the investee’s net assets including goodwill.GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,202387ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)2. 重大會計政策（續）(e) 合營安排本集團應用香港財務報告準則第11號於所有合營安排。

根據香港財務報告準則第11號，在合營安排的投資分類為共同經營或合營公司，視乎每名投資者擁有的合同權利和義務。

本集團已評估其合營安排的性質，並釐定其為合營公司。

合營公司使用權益法入賬。

根據權益法，合營公司權益初步以成本確認，其後經調整在其他綜合收益中確認本集團享有利潤或虧損的收購後份額和變動。

當本集團享有某一合營公司的虧損超過或相等於在該合營公司的權益（包括任何實質上構成本集團在該合營公司的淨投資的長期權益），則本集團不確認進一步虧損，除非本集團已產生義務或已代合營公司付款。

本集團與其合營公司之間的未變現交易收益按集團在該等合營公司的權益予以對銷。

未變現虧損也予以對銷，除非交易提供證據證明所轉讓的資產出現減值。

合營公司的會計政策如有需要已改變以符合本集團採納的政策。

( f ) 分部報表營運分部報告要與向高級決策者匯報之內部報告一致。

高級決策者是負責營運分部的資源分配及表現評估，被甄選為董事及高級管理層，以作出策略的決定。

2. MATERIALACCOUNTINGPOLICIES (continued)(e) Joint arrangementsThe Group has app l i ed HKFRS 11 to a l l j o in t arrangements. Under HKFRS 11 investments in joint arrangements are classified as either joint operations or joint ventures depending on the contractual rights and obligations each investor have. The Group has assessed the nature of its joint arrangements and determined them to be joint ventures. Joint ventures are accounted for using the equity method.Under the equity method of accounting, interests in joint ventures are initially recognized at cost and adjusted thereafter to recognize the Group’s share of the post- acquisition profits or losses and movements in other comprehensive income. When the Group’s share of losses in a joint venture equals or exceeds its interests in the joint ventures (which includes any long-term interests that, in substance, form part of the Group’s net investment in the joint ventures), the Group does not recognize further losses, unless it has incurred obligations or made payments on behalf of the joint ventures.Unrealized gains on transactions between the Group and its joint ventures are eliminated to the extent of the Group’s interest in the joint ventures. Unrealized losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred. Accounting policies of the joint ventures have been changed where necessary to ensure consistency with the policies adopted by the Group.(f) Segment reportingOperat ing segments are repor ted in a manner consistent with the internal reporting provided to the senior decision makers. The senior decision-makers, who are responsible for allocating resources and assessing performance of the operating segments, have been identi f ied as the directors and senior management that make strategic decisions.88 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)2. 重大會計政策（續）(g) 外幣換算( i ) 功能性及呈列貨幣本集團內各企業的財務報表內的項目均以該企業經營之主要經濟環境之通行貨幣（「功能性貨幣」）計量。

合併財務報表以港元(HK$)呈列，而該貨幣為本公司的功能性及本集團的呈列貨幣。

( i i ) 交易及結餘外幣交易採用交易或項目重新計量的估值日期的匯率換算為功能性貨幣。

上述交易結算過程中以及按年終兌換匯率換算以外幣為單位之貨幣性資產和負債時出現的匯兌收益及虧損均於合併利潤表中確認。

非貨幣性金融資產及負債（例如以公允值計量且其變動計入損益賬的權益）的折算差額列報為公允值收益和虧損的一部份，並於損益賬中確認。

非貨幣性金融資產（例如分類為於其他綜合收益按公允值處理的權益）的折算差額包括在其他綜合收益中。

2. MATERIALACCOUNTINGPOLICIES (continued)(g) Foreign currency translation(i) Functional and presentation currencyItems included in the financial statements of each of the Group’s companies are measured using the currency of the primary economic environment in which the company operates (the “functional currency”). The consolidated financial statements are presented in Hong Kong dollars (HK$), which is the Company’s functional and the Group’s presentation currency.(ii) Transactions and balancesForeign currency transactions are translated into the functional currency using the exchange rates prevailing at the transaction dates or valuation where items are re-measured. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at year-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognized in the consol idated income statement.Translation differences on non-monetary financial assets and liabilities such as equities held at fair value through profit or loss are recognized in profit or loss as part of the fair value gain or loss. Translation differences on non-monetary financial assets, such as equities classified as at fair value through other comprehensive income, are included in other comprehensive income.GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,202389ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)2. 重大會計政策（續）(g) 外幣換算（續）( i i i ) 集團公司所有本集團之公司若其功能性貨幣與呈列貨幣不同（各公司均無極高通脹經濟之貨幣），其業績及財務狀況均按以下方法換算為呈列貨幣：–每份呈列於資產負債表之資產及負債均以該資產負債表結算日之收市匯率換算；–每份利潤表之收入及支出項目乃按平均匯率換算（除非該平均匯率對交易日通行匯率之累計影響並非一個合理的接近匯率；在此情況下，收入及支出乃按交易當日的匯率換算）；及–所有兌換差異乃於其他綜合收益中確認。

購買境外主體產生的商譽及公允值調整視為該境外主體的資產和負債，並按期末匯率換算。

產生的匯兌差額在其他綜合收益中入賬。

( iv ) 境外經營的處置對於境外經營的處置（即處置本集團在境外經營中的全部權益，或者處置涉及喪失對擁有境外經營的附屬公司的控制權，或涉及喪失對擁有境外經營的合營公司的合營權，或涉及喪失對擁有境外經營的聯營企業的控制權），就該項經營累計計入權益的歸屬於公司權益持有者的所有匯兌差額均轉列至損益賬。

2. MATERIALACCOUNTINGPOLICIES (continued)(g) Foreign currency translation (continued)(iii) Group companiesThe results and financial position of all the Group companies (none of which has the currency of a hyper inflationary economy) that have a functional currency different from the presentation currency are translated into the presentation currency as follows:– assets and liabilities for each balance sheet presented are translated at the closing rate at balance sheet date;– income and expenses for each income s ta tement a re t r ans l a ted a t ave rage exchange rates (unless this average rate is not a reasonable approximation of the cumulative effect of the rates prevail ing on the transaction dates, in which case, income and expenses are translated at the exchange rate on transaction dates); and– a l l resul t ing exchange di f ferences are recognized in other comprehensive income.Goodwill and fair value adjustments arising on the acquisition of a foreign entity are treated as assets and liabilities of the foreign entities and translated at the closing rate. Exchange di f ferences ar is ing are recognized in other comprehensive income.(iv) Disposal of foreign operationOn the disposal of a foreign operation (that is, a disposal of the Group’s entire interest in a foreign operation, or a disposal involving loss of control over a subsidiary that includes a foreign operation, a disposal involving loss of joint control over a joint venture that includes a foreign operation, or a disposal involving loss of significant influence over an associate that includes a foreign operation), all of the exchange differences accumulated in equity in respect of that operation attributable to the equity holders of the company are reclassified to profit or loss.90 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)2. 重大會計政策（續）(h) 物業、機器及設備樓宇、租賃物業裝修及其他固定資產以成本值扣除累積折舊及累積減值虧損列賬。

成本值指資產之購買價及將資產達至現行用途之其他有關費用。

僅在與該項目相關之未來經濟效益有可能歸於本集團及能可靠地計算出該項目成本之情況下，其後之成本才會包括於資產賬面值或確認為獨立之資產（如適用）。

已更換部件的賬面值已被終止確認。

所有其他維修及保養支出於其產生之財務期內計入合併利潤表。

物業、機器及設備之折舊乃以資產成本值按其估計於本集團可使用年期或租賃期限以直線方式撇銷如下：–永久業權之土地不作攤銷。

–位於永久業權土地上之樓宇是按估計可使用年期，以其完成日不多於50年計算折舊。

–租賃物業裝修是按估計可使用年限或租賃期限，兩者之較短者計算折舊。

–位於租賃土地上之樓宇是按估計剩餘租賃年期或其估計可使用年期，以完成日不多於50年計算，兩者之較短者折舊。

–廠房及機器5年–其他物業及設備3至5年2. MATERIALACCOUNTINGPOLICIES (continued)(h) Property, plant and equipmentBu i ld ings , l easeho ld improvements and o the r f ixed assets are stated at cost less accumulated depreciation and any accumulated impairment losses. Cost represents the purchase price of the asset and other costs incurred to bring the asset into its existing use.Subsequent costs a re inc luded in the asset ’s carrying amount or recognized as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Group and the cost of the item can be measured reliably. The carrying amount of the replaced part is derecognized. All other repairs and maintenance costs are expensed in the consolidated income statement during the financial period in which they are incurred.Depreciation of property, plant and equipment is calculated using the straight-line method to allocate cost over their estimated useful lives or lease term, as follows:– Freehold land is not amortized.– B u i l d i n g s s i t u a t e d o n f r e e h o l d l a n d a r e depreciated over their estimated useful lives, being no more than 50 years after the date of completion.– Leasehold improvements are depreciated over the shorter of their estimated useful lives or lease term.– Bu i ld ings s i tua ted on l easeho ld l and a re depreciated over the shorter of the unexpired term of lease or their estimated useful l ives, being no more than 50 years after the date of completion.– Plant and equipment 5 years– Other property and equipment 3 – 5 yearsGIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,202391ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)2. 重大會計政策（續）(h) 物業、機器及設備（續）於每個結算日，資產之剩餘價值及可使用年期，會於適當情況重新審閱及作出調整。

若資產的賬面值高於其估計可收回價值，其賬面值即時撇減至可收回金額。

出售物業、機器及設備之收益或虧損是指出售淨收益與有關資產賬面金額之差額，並於合併利潤表內列賬。

( i ) 投資物業投資物業是指持有以長期收租或資本增值或同時達成上述兩者之物業。

以成本值扣除累積折舊及累積減值虧損列賬。

成本值是指投資物業之購買價及將物業達至現行用途之其他有關費用。

投資物業之折舊是按剩餘租賃年期將其成本值用直線折舊法撇銷計算。

僅在與該項目相關之未來經濟效益有可能歸於本集團及能可靠地計算出項目成本之情況下，其後的支出方會從資產賬面值中支銷。

所有其他維修及保養支出於其產生之財務期內計入合併利潤表。

投資物業於其被出售或永久不再予使用且預期不會就其出售產生未來經濟利益時終止確認。

終止確認該物業所產生之收益或損失（按出售收益淨額及資產賬面值之差額計算）於該物業終止確認之期間計入損益賬中。

2. MATERIALACCOUNTINGPOLICIES (continued)(h) Property, plant and equipment (continued)Assets’ residual values and useful lives are reviewed and adjusted if appropriate, at each balance sheet date. An asset’s carrying amount is written down immediately to its recoverable amount if the asset’s car ry ing amount i s g rea te r than i t s es t imated recoverable amount.Gain or loss on disposal of property, plant and equipment is the difference between the net sales proceeds and the carrying amount of the relevant asset, and is recognized in the consolidated income statement.(i) Investment propertyAn investment property is a property which is held for long term rental yield or for capital appreciation, or both. It is stated at cost less accumulated depreciation and any accumulated impai rment losses. Cost represents the purchase price of the investment property and other costs incurred to bring the property into i ts exist ing use. Depreciat ion of investment property is calculated using straight-line method to write off its cost over the unexpired period of the lease.Subsequent expenditure is charged to the asset’s carrying amount only when it is probable that future economic benefits associated with the item will flow to the Group and the cost of the item can be measured reliably. All other repairs and maintenance costs are expensed in the consolidated income statement during the financial period in which they are incurred.Investment properties are derecognized either when they have been disposed of or when the investment property is permanently withdrawn from use and no future economic benefit is expected from its disposal. Any gain or loss arising from derecognized of the property (calculated as the difference between the net disposal proceeds and the carrying amount of the asset) is included in the profit or loss in the period in which the property is derecognized.92 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)2. 重大會計政策（續）( j ) 商譽商譽產生自收購附屬公司、聯營公司及合營公司，並相當於所轉讓對價，被收購方的非控制性權益金額以及享有的被收購方過往的權益在收購日的公允值超過本集團獲得的被收購方的可辨認淨資產公允值的數額。

就減值測試而言，在業務合併中購入的商譽會分配至每個現金產出單元（「現金產出單元」）或現金產出單元組（預期可從合併中獲取協同利益）。

商譽被分配的每個單元或單元組指在主體內商譽被監控作內部管理用途的最底層次。

商譽在經營分部層次進行監控。

對商譽的減值檢討每年進行，或如事件或情況轉變顯示可能存在減值，則更頻密地檢討。

商譽的賬面值以成本扣除累計減值計算。

出售個體的收益及虧損包含個體相關的商譽賬面結餘。

(k) 非金融資產減值使用壽命不限定的無形資產無需攤銷，但每年須就減值進行測試。

須作攤銷的資產，當有事件出現或情況改變顯示賬面值可能無法收回時就進行減值檢討。

減值虧損按資產的賬面值超出其可收回金額的差額確認。

可收回金額以資產的公允值扣除銷售成本或使用價值兩者之間較高者為準。

於評估減值時，資產按可分開辨認現金流量（現金產出單元）的最低層次組合。

除商譽外，已蒙受減值的非金融資產在每個報告日期均就減值是否可以轉回進行檢討。

2. MATERIALACCOUNTINGPOLICIES (continued)(j) GoodwillGoodwill arises on the acquisition of subsidiaries, associates and joint ventures and represents the excess of the consideration transferred, the amount of non-controlling interests in the acquiree and the acquisit ion-date fair value of any previous equity interest in the acquiree over the fair value of the net identifiable assets acquired.For the purpose of impairment test ing, goodwil l acquired in a business combination is al located to each of the cash-generating units (“CGUs”), or groups of CGUs, that is expected to benefit from the synergies of the combination. Each unit or group of units to which the goodwill is allocated represents the lowest level within the entity at which the goodwill is monitored for internal management purposes. Goodwill is monitored at the operating segment level.Goodw i l l impa i rmen t r ev i ews a re unde r taken annually or more frequently i f events or changes in circumstances indicate a potential impairment. Goodwi l l i s ca r r i ed a t cos t l ess accumu la ted impairment losses. Gains and losses on the disposal of an entity include the carrying amount of goodwill related to the entity sold.(k) Impairment of non-financial assetsAssets that have an indefinite useful life are not subject to amortization and are tested annually for impairment. Assets that are subject to amortization are reviewed for impai rment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognized for the amount by which the asset’s carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset’s fair value less costs of disposal and value-in-use. For the purpose of assessing impairment, assets are grouped at the lowest level for which there are separately identifiable cash flows (CGUs). Non-financial assets other than goodwill that suffered an impairment are reviewed for possible reversal of the impairment at each reporting date.GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,202393ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)2. 重大會計政策（續）( l ) 金融資產( i ) 分類本集團按以下的計量類別將其金融資產分類：–其後按公允值計量（不論計入其他綜合收益或計入損益）；及–按攤銷成本計量。

分類取決於實體管理金融資產的業務模式及現金流量的合約條款。

就按公允值計量的資產而言，收益及虧損將於損益賬或其他綜合收益列賬。

就並非持作買賣的股本工具投資而言，將取決於本集團是否於初始確認時作出不可撤回選擇，將股本投資以於其他綜合收益按公允值處理入賬。

本集團只限於當管理該等資產的業務模式改變時重新分類債務投資。

( i i ) 確認及取消確認金融資產常規買賣乃於交易日確認，即本集團承諾購買或出售資產當日。

當收取投資現金流量的權利已屆滿或轉讓，且本集團已轉讓所有權的絕大部分風險及回報時，則會終止確認金融資產。

2. MATERIALACCOUNTINGPOLICIES (continued)(l) Financial assets(i) ClassificationThe Group classifies its financial assets in the following measurement categories:– those to be measured subsequently at fair value (either through other comprehensive income (“OCI”) or through profit or loss), and– those to be measured at amortized cost.The c lass i f icat ion depends on the ent i ty ’s business model for managing the financial assets and the contractual terms of the cash flows.For assets measured at fair value, gains and losses will either be recorded in profit or loss or OCI. For investments in equity instruments that are not held for trading, this will depend on whether the Group has made an irrevocable elect ion at the t ime of in i t ia l recognit ion to account for the equity investment at fair value through other comprehensive income (“FVOCI”).The Group reclassifies debt investments when and only when its business model for managing those assets changes.(ii) Recognition and derecognitionRegular way purchases and sales of financial assets are recognized on the trade-date, the date on which the Group commits to purchase or sell the asset. Financial assets are derecognized when the r ights to receive cash f lows from the investments have expired or have been t ransferred and the Group has t ransferred substantially all risks and rewards of ownership.94 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)2. 重大會計政策（續）( l ) 金融資產（續）( i i i ) 計量於初步確認時，本集團按公允值計量金融資產。

倘金融資產並非於損益賬按公允值處理（「於損益賬按公允值處理」），則加上收購該金融資產直接應佔的交易成本。

於損益賬按公允值處理的金融資產的交易成本於損益賬中列作開支。

在確定具有嵌入衍生工具的金融資產的現金流是否純粹為本金和利息付款時，需從金融資產的整體考慮。

債務工具債務工具的後續計量取決於本集團管理資產之業務模式及該等資產的現金流量特徵。

本集團將其債務工具分類為三種計量類別：–攤銷成本：倘持有資產旨在收取合約現金流量，而該等資產的現金流量純粹為本金及利息付款，該等資產按攤銷成本計量。

該等金融資產的利息收入以實際利率法計入財務收入。

終止確認產生任何收益或虧損直接於損益賬中確認並連同匯兌收益及虧損於其他收益（虧損）中呈列。

減值虧損於合併利潤表中呈列為獨立項目。

2. MATERIALACCOUNTINGPOLICIES (continued)(l) Financial assets (continued)(iii) MeasurementAt init ial recognit ion, the Group measures a financial asset at its fair value plus, in the case of a financial asset not at fair value through profit or loss (“FVPL”), transaction costs that are directly attributable to the acquisition of the financial asset. Transaction costs of f inancial assets carried at FVPL are expensed in profit or loss.Financial assets with embedded derivatives are considered in their entirety when determining whether their cash flows are solely payment of principal and interest.Debt instrumentsSubsequent measurement of debt instruments depends on the Group’s bus iness mode l for managing the asset and the cash f low characteristics of the asset. There are three measurement categories into which the Group classifies its debt instruments:– Amortized cost: Assets that are held for collection of contractual cash flows where those cash flows represent solely payments of pr incipal and interest are measured at amortized cost. Interest income from these f i nanc ia l asse ts i s i nc luded i n finance income using the effective interest rate method. Any gain or loss arising on derecognition is recognized directly in profit or loss and presented in other gains (losses) together with foreign exchange gains and losses. Impairment losses are presented as separate line item in the consolidated income statement.GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,202395ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)2. 重大會計政策（續）( l ) 金融資產（續）( i i i ) 計量（續）債務工具（續）–於其他綜合收益按公允值處理：倘持有資產目的為收取合約現金流量及銷售金融資產，且資產的現金流量純粹為本金及利息付款，則於其他綜合收益按公允值處理。

賬面值變動計入其他綜合收益，惟減值損益、利息收入及匯兌損益於損益賬中確認。

於終止確認金融資產時，先前於其他綜合收益確認的累計收益或虧損由權益重新分類至損益賬並於其他收益（虧損）確認。

該等金融資產所產生利息收入乃使用實際利率法計入財務收入。

匯兌收益及虧損於其他收益（虧損）呈列，而減值開支在利潤表中呈列為獨立項目。

–於損益賬按公允值處理：不符合攤銷成本或於其他綜合收益按公允值處理標準的資產乃以於損益賬按公允值處理。

隨後於損益賬按公允值處理的債務投資的損益於其產生期間在損益賬中確認並在其他收益（虧損）中呈列為淨值。

2. MATERIALACCOUNTINGPOLICIES (continued)(l) Financial assets (continued)(iii) Measurement (continued)Debt instruments (continued)– FVOCI: Assets that are held for collection of contractual cash flows and for selling the f inancial assets, where the assets’ cash flows represent solely payments of principal and interest, are measured at FVOCI. Movements in the carrying amount are taken through OCI, except for the recognition of impairment gains or losses, interest income and fore ign exchange gains and losses which are recognized in profit or loss. When the financial asset is derecognized, the cumulative gain or loss previously recognized in OCI is reclassified from equity to profit or loss and recognized in other gains ( losses). Interest income from these financial assets is included in finance income using the effective interest rate method. Foreign exchange gains and losses are presented in other gains (losses) and impairment expenses are presented as separate line item in the income statement.– FVPL: Assets that do not meet the criteria for amortized cost or FVOCI are measured at FVPL. A gain or loss on a debt investment that is subsequently measured at FVPL is recognized in profit or loss and presented net within other gains (losses) in the period in which it arises.96 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)2. 重大會計政策（續）( l ) 金融資產（續）( i i i ) 計量（續）股本工具本集團隨後就所有股本投資按公允值計量。

當本集團管理層已選擇於其他綜合收益呈列股本投資的公允值收益及虧損，公允值收益及虧損於終止確認投資後不會重新分類至損益。

該等投資的股息於本集團收取款項的權利確立時繼續於損益確認為其他收入。

於損益賬按公允值處理之金融資產公允值變動於利潤表確認為其他收益（虧損）（按適用情況）。

於其他綜合收益按公允值處理的股本投資的減值虧損（及減值虧損撥回）不會因公允值其他變動而分開列報。

( iv ) 減值本集團對有關其按攤銷成本列賬及於其他綜合收益按公允值處理之債務工具的預期信貸虧損進行前瞻性評估。

所應用的減值方法取決於信貸風險是否大幅增加。

就應收貿易款項而言，本集團應用香港財務報告準則第9號允許的簡化方法，其中要求全期預期虧損須自首次確認應收款項時確認。

(m)存貨存貨按成本值與可變現淨值兩者中之較低者入賬。

成本值乃按加權平均之基準。

購入貨品成本發票價加採購成本計算。

可變現淨值乃存貨在正常業務情況下之預計售價扣除變賣費用。

2. MATERIALACCOUNTINGPOLICIES (continued)(l) Financial assets (continued)(iii) Measurement (continued)Equity instrumentsThe Group subsequently measures all equity investments at fair value. Where the Group’s management has elected to present fair value gains and losses on equity investments in OCI, there is no subsequent reclassification of fair value gains and losses to profit or loss following the derecognition of the investment. Dividends from such investments continue to be recognized in prof i t or loss as other income when the Group’s right to receive payments is established.Changes in the fair value of financial assets at FVPL are recognized in other gains (losses) in the income statement as applicable. Impairment losses (and reversal of impairment losses) on equity investments measured at FVOCI are not reported separately from other changes in fair value.(iv) ImpairmentThe Group assesses on a forward looking basis the expected credit losses associated with its debt instruments carried at amortized cost and FVOCI. The impairment methodology applied depends on whether there has been a significant increase in credit risk.For trade receivables, the Group applies the simpli f ied approach permitted by HKFRS 9, which requires expected l i fet ime losses to be recognized from init ial recognit ion of the receivables.(m) InventoriesInventories are stated at the lower of cost and net realizable value. Cost is determined on the weighted average basis. Cost of purchased goods is invoiced prices plus procurement costs.Net realizable value is the estimated selling price at which inventories can be sold in the normal course of business, less applicable variable selling expenses.GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,202397ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)2. 重大會計政策（續）(n) 應收賬款及其他應收款應收賬款為在日常經營活動中就商品銷售或服務執行而應收客戶的款項。

如應收賬款及其他應收款的收回預期在一年或以內（如仍在正常經營週期中，則可較長時間），其被分類為流動資產；否則分類為非流動資產。

應收賬款及其他應收款除非包含重大財務組成部分，以公允值確認，否則無條件以對價金額為初始確認，其後利用實際利率法按攤銷成本扣除虧損撥備計量。

(o) 現金及現金等值於合併現金流量表，現金及現金等值包括手頭現金、銀行通知存款、其他短期高度流通和於三個月內到期之投資及銀行透支。

銀行透支於合併資產負債表流動負債之銀行貸款內呈列。

(p) 應付賬款應付賬款為在日常經營活動中購買商品或服務而應支付的債務。

如應付款的支付日期在一年或以內（如仍在正常經營週期中，則可較長時間），其被分類為流動負債；否則分類為非流動負債。

應付賬款以公允值為初始確認，其後利用實際利率法按攤銷成本計量。

2. MATERIALACCOUNTINGPOLICIES (continued)(n) Trade and other receivablesTrade receivables are amounts due from customers for merchandise sold or services performed in the ordinary course of business. If collection of trade and other receivables is expected in one year or less (or in the normal operating cycle of the business if longer), they are classified as current assets. If not, they are presented as non-current assets.Trade and other receivables are recognized initially at the amount of consideration that is unconditional unless they contain significant financing components, w h e n t h e y a r e r e c o g n i z e d a t f a i r v a l u e a n d subsequently measured at amortized cost using the effective interest method, less loss allowance.(o) Cash and cash equivalentsIn the consolidated cash flow statement, cash and cash equivalents include cash on hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within bank loans in current liabilities on the consolidated balance sheet.(p) Trade payablesTrade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if payment is due within one year or less (or in the normal operating cycle of the business if longer). If not, they are presented as non-current liabilities.Trade payables are recognized initially at fair value and subsequently measured at amortized cost using the effective interest method.98 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)2. 重大會計政策（續）(q) 銀行貸款銀行貸款按公允值並扣除產生的交易費用為初始確認，其後按攤銷成本列賬；所得款（扣除交易成本）與贖回價值的任何差額利用實際利率法於借款期間內在合併利潤表確認。

除非本集團可無條件將負債的結算遞延至結算日後最少12個月，否則借款分類為流動負債。

( r ) 授出認沽期權安排與本集團就附屬公司的權益而發行的授出認沽期權，當該等期權或只可以固定現金款額或按被投資者權益之公允市場價值作為結算時，其有關的潛在現金付款列為金融負債。

根據該期權或須支付的應付款，初步按攤銷成本確認，而相應數額則直接在權益中扣除。

本集團確認此等授出認沽期權的發出成本，釐定為期權的公允值超過任何收取對價的數額作為融資成本。

隨後於各結算日，因預期結算金額之改變，簽出授出認沽期權負債將重新計量至公允值，所產生的任何變動將於權益中確認。

如期權未經行使而到期，負債剔除確認，相應金額在權益中調整。

(s ) 借貸成本所有借貸成本於發生期間內於合併利潤表支銷，除非此等成本直接歸屬於收購、建造或生產資產，而該資產需要長時間達至其預設用途或用作出售，才可作資本化。

2. MATERIALACCOUNTINGPOLICIES (continued)(q) Bank loansBank loans are initially recognized at fair value, net of transaction costs incurred, and are subsequently stated at amortized cost; any difference between the proceeds (net of transaction costs) and the redemption value is recognized in the consol idated income statement over the period of the bank loans using the effective interest method.Bank loans are classified as current liabilities unless the Group has an uncond i t iona l r ight to defer settlement of the liability for at least 12 months after the end of the reporting period.(r) Put option arrangementsThe potential cash payments related to put options issued by the Group over the equity of subsidiary companies are accounted for as financial liabilities when such options may only be settled other than by exchange of a fixed amount of cash or at the fair market value of the equity interest of the investees. The amount that may become payable under the option on exercise is initially recognized at amortized costs with a corresponding charge directly to equity.The Group recognizes the cost of writing such put options, determined as the excess of the fair value of the option over any consideration received, as a financing cost. Such options are subsequently re-measured at fair value as a result of the change in the expected settlement amount at each balance sheet date, with any resulting changes recognized in the equity. In the event that the option expires unexercised, the l iabi l i ty is derecognized with a corresponding adjustment to equity.(s) Borrowing costsBorrowing costs are expensed in the consolidated income statement in the period in which they are incurred, except to the extent that they are capitalized as being direct ly attr ibutable to the acquisit ion, const ruc t ion o r p roduct ion o f an asset wh ich necessarily takes a substantial period of time to get ready for its intended use or sale.GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,202399ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)2. 重大會計政策（續）( t ) 當期及遞延稅項( i ) 當期稅項本期間的稅項支出包括當期和遞延稅項。

稅項在合併利潤表中確認，但與在其他綜合收益中或直接在權益中確認的項目有關者則除外。

在該情況下，稅項亦分別在其他綜合收益或直接在權益中確認。

當期所得稅支出根據本公司的附屬公司及產生應課稅收入的國家及地區於資產負債表日已頒佈或實質上已頒佈的稅務法例計算。

管理層就適用稅務法例解釋所規限的情況定期評估報稅表的狀況，並在適用情況下根據預期須向稅務機關支付的稅款設定準備。

( i i ) 遞延稅項內在差異遞延所得稅利用負債法確認資產和負債的稅基與資產和負債在合併財務報表的賬面值的差額而產生的暫時性差異。

然而，若遞延所得稅負債來自對商譽的初始確認，以及若遞延所得稅來自在交易（不包括業務合併）中對資產或負債的初始確認，而在交易時不影響會計損益賬或應課稅損益賬，則不作記賬。

遞延所得稅採用在資產負債表日前已頒佈或實質上已頒佈，並在有關的遞延所得稅資產實現或遞延所得稅負債結算時預期將會適用的稅率（及法例）而釐定。

2. MATERIALACCOUNTINGPOLICIES (continued)(t) Current and deferred tax(i) Current taxThe tax expense for the per iod compr ises current and deferred tax. Tax is recognized in the consolidated income statement, except to the extent that it relates to items recognized in other comprehensive income or directly in equity. In this case the tax is also recognized in other comprehensive income or directly in equity, respectively.The current income tax charge is calculated on the basis of the tax laws enacted or substantively enacted a t the ba lance sheet date in the countries and regions where the Company’s subsid iar ies operate and generate taxable income. Management periodical ly evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation. It establishes provisions where appropriate on the basis of amounts expected to be paid to the tax authorities.(ii) Deferred taxInside basis differencesDeferred income tax is recognized, using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the consolidated f inancial statements. However, deferred tax liabilities are not recognized if they arise from the initial recognition of goodwill, the deferred income tax is not accounted for if it arises from init ial recognition of an asset or l iabil ity in a transaction other than a business combination that at the time of the transaction affects neither accounting nor taxable profit or loss. Deferred income tax is determined using tax rates (and laws) that have been enacted or substantively enacted by the balance sheet date and are expected to apply when the related deferred income tax asset is real ized or the deferred income tax liability is settled.100 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)2. 重大會計政策（續）( t ) 當期及遞延稅項（續）( i i ) 遞延稅項（續）內在差異（續）遞延所得稅資產是就很可能有未來應課稅利潤而就此可使用暫時性差異而確認。

外在差異遞延稅項就附屬公司、聯營公司及共同控制實體之權益產生的暫時性差異而準備，但假若本集團可以控制暫時性差異的轉回時間，而暫時性差異在可預見將來很可能不會轉回則除外。

遞延所得稅資產於附屬公司、聯營公司及共同安排所產生之可扣減暫時性差異中確認，惟該暫時性差異須將有可能在日後撥回，且有足夠應課稅溢利供有關暫時性差異所用。

( i i i ) 抵銷當有法定可執行權力將當期稅項資產與當期稅務負債抵銷，且遞延所得稅資產和負債涉及由同一稅務機關對應課稅主體或不同應課稅主體但有意向以淨額基準結算所得稅結餘時，則可將遞延所得稅資產與負債互相抵銷。

2. MATERIALACCOUNTINGPOLICIES (continued)(t) Current and deferred tax (continued)(ii) Deferred tax (continued)Inside basis differences (continued)Deferred income tax assets are recognized only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilized.Outside basis differencesDeferred income tax is provided on temporary differences arising on interests in subsidiaries, assoc ia tes and jo in t ventures , except fo r deferred income tax liability where the timing of the reversal of the temporary difference is controlled by the Group and it is probable that the temporary difference will not reverse in the foreseeable future.Deferred income tax assets are recognized on deductible temporary differences arising from investments in subsidiar ies, associates and joint arrangements only to the extent that it is probable the temporary difference will reverse in the future and there is sufficient taxable profit available against which the temporary difference can be utilized.(iii) OffsettingDeferred income tax assets and liabilities are offset when there is a legally enforceable right to offset current tax assets against current tax l iabi l i t ies and when the deferred income tax assets and liabilities relate to income taxes levied by the same taxation authority on either the taxable entity or different taxable entities where there is an intention to settle the balances on a net basis.GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023101ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)2. 重大會計政策（續）(u) 僱員福利( i ) 退休金責任除台灣之退休計劃安排外，本集團為所有合資格的僱員實行界定供款計劃及（如適用）參與中央界定供款公積金計劃。

界定供款計劃之資產與本集團之資產分開持有，並由獨立基金管理。

僱主與僱員雙方均須就該等計劃作供款，而供款額乃取決於僱員薪金之百分比，最高為20%。

本集團就該界定供款計劃及強制性公積金計劃所作出之供款在發生時作為費用支銷，而員工在取得全數既得之利益前退出計劃而被沒收之僱主供款將會用作扣減此供款。

本集團於作出供款後，便再無其他付款的責任。

本集團全資附屬公司之台灣分公司依據台灣勞動基準法條例參與之退休金計劃（「舊制」）；同時，自2005年7月1日起，依據台灣勞工退休金條例參與之退休金計劃（「新制」）。

在舊制下，本集團有責任確保有足夠的資金支付員工之退休金包含在新制實施前舊年資應保留之退休金及選擇繼續參與舊制的員工之隨後年資。

台灣分公司現行按參與員工薪金總額之2%提撥退休金，此提撥比率是經相關政府單位批准的。

舊制的退休金資產乃是由台灣銀行投資。

2. MATERIALACCOUNTINGPOLICIES (continued)(u) Employee benefits(i) Pension obligationsExcept for the pension scheme arrangements i n T a i w a n , t h e G r o u p o p e r a t e s d e f i n e d cont r ibut ions schemes and, i f app l icab le , part ic ipates in centra l def ined contr ibut ion p rov iden t f und schemes fo r a l l qua l i f i ed employees. The assets of the said schemes are held by independently administered funds separated from those of the Group. Contributions to these schemes a re made by bo th the employers and employees at rates up to 20% on the employees’ salaries.The Group’s cont r ibut ions to the de f ined contribution plans and mandatory provident fund scheme are expensed as incurred and, if applicable, are reduced by contributions forfeited by those employees who leave the scheme or the plan prior to vesting fully in the contributions. The Group has no further payment obligations once the contributions have been made.The branch of wholly-owned subsidiary of the Group in Taiwan has a defined benefit scheme (“Old Scheme”) governed by the Labor Standard Law and a defined contribution scheme (“New Scheme”) governed by the Labor Pension Act which became effective on July 1,2005.Under the Old Scheme, the Group has an obligation to ensure that there are sufficient funds in the scheme to pay the benefits earned for the service years of all employees before the New Scheme was effective and the subsequent serv ice years o f employees who chose to continue to participate in the Old Scheme. The branch currently contributes at 2% of the total salaries of participating employees as determined and approved by the re levant government authorities. The assets of the Old Scheme are invested by the Bank of Taiwan.102 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)2. 重大會計政策（續）(u) 僱員福利（續）( i ) 退休金責任（續）在新制下，台灣分公司依據參與新制的員工之每月薪金，按月提撥6%的退休金，最高提撥上限為9,000元新台幣，並存入員工於勞工保險局之個人賬戶內。

( i i )以股份支付的補償本集團設有一項以股權結算、以股份支付之補償計劃。

本集團就授出購股權而取得僱員服務之公允值被確認並列作開支。

購股權歸屬期間之支銷總額乃參考已授出購股權之公允值而釐定，惟不計及任何非市場歸屬情況之影響（例如盈利能力及銷售增長目標）。

非市場歸屬情況包括於預期可予行使之購股權數目之假設內。

於各結算日，本集團均會修訂其估計預期可予行使之購股權之數目。

修訂原來估計數字如有影響，則於合併利潤表內確認，以及在餘下歸屬期間對股東權益作相應調整。

當購股權獲行使時，已收取所得款項於扣除任何直接交易成本後均列入股本（面值）及股份溢價中。

(v ) 撥備當本集團對已發生的事件須承擔法律性或推定性的責任，則會確認撥備，而解除該責任時可能有資源之流出，並可確實地估計該數額。

2. MATERIALACCOUNTINGPOLICIES (continued)(u) Employee benefits (continued)(i) Pension obligations (continued)Under the New Scheme, the branch contributes each month at 6% of the salary of employees, w i t h a cap o f NTD9,000 who choose t o participate in the New Scheme into individual pens ion accounts a t the Bureau o f Labor Insurance.(ii) Share-based compensationThe Group operates an equity-settled, share-based compensation plan. The fair value of the employee services received in exchange for the grant of the options is recognized as an expense. The tota l amount to be expensed over the vesting period is determined by reference to the fair value of the options granted, excluding the impact of any non- market vesting conditions (for example, profitability and sales growth targets). Non-market vesting condit ions are included in assumptions about the number of options that are expected to become exercisable. At each balance sheet date, the Group revises its estimates of the number of options that are expected to become exercisable. It recognizes the impact of the revision to original estimates, if any, in the consolidated income statement and a corresponding adjustment to equity over the remaining vesting period.The proceeds rece ived net of any d i rect ly attributable transaction costs are credited to share capital (nominal value) and share premium when the options are exercised.(v) ProvisionsProvisions are recognized when the Group has a present legal or constructive obligation as a result of past events, it is probable that an outflow of resources will be required to settle the obligation, and a reliable estimate of the amount can be made.GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023103ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)2. 重大會計政策（續）(w) 收入確認收入按已收或應收對價的公允值計量，並相當於供應貨品的應收款項，扣除折扣、回扣、退貨和增值稅後列帳。

當收入的金額能夠可靠計量；當未來經濟利益很可能流入有關主體；及當本集團每項活動均符合具體條件時（如下文所述），本集團便會將收入確認。

本集團會根據退貨往績並考慮客戶類別、交易種類和每項安排的特點作出估計。

( i ) 產品銷售－零售貨品之銷售於出售產品予客戶時確認。

零售銷售通常以現金或信用卡結算；而紀錄之收益為銷售總額，其中未扣減交易中應付的信用卡費用；此等費用包括在分銷成本中。

銷售是已減去退貨，回扣及折扣。

( i i ) 銷售貨品—客戶忠誠計劃（遞延收益）本集團設立一項忠誠計劃，讓顧客能夠於購物時累積積分，以便在日後購物時享用折扣。

獎賞積分於銷售時確認為合約負債。

收益於積分兌換或於初始銷售後24個月失效時確認。

合約負債被確認直至積分兌換或失效。

2. MATERIALACCOUNTINGPOLICIES (continued)(w) Revenue recognitionRevenue i s measured a t the fa i r va lue o f the consideration received or receivable, and represents amounts receivable for goods supplied, stated net of discounts, rebates, returns and value added taxes. The Group recognizes revenue when the amount of revenue can be reliably measured; when it is probable that future economic benefits will flow to the entity; and when specific criteria have been met for each of the Group’s activities, as described below. The Group bases its estimates of return on historical results, taking into consideration the type of customer, the type of transaction and the specif ics of each arrangement.(i) Sales of goods – retailSales of goods are recognized when products are sold to the customer. Retail sales are usually in cash or by credit card. The recorded revenue is the gross amount of sales, before netting off credit card fees payable for the transactions. Such fees are included in distribution costs. Revenue is shown net of returns, rebates and discounts.(ii) Sales of goods – customer loyalty programme (deferred revenue)The Group operates a loyalty programme where customers accumulate points for purchases made which entitle them to discounts on future purchases. A contract l iabil ity for the award points is recognized at the time of sale. Revenue is recognized when the points are redeemed or when they expire 24 months after the initial sale.A contract liabilities is recognized until the points are redeemed or expired.104 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)2. 重大會計政策（續）(w) 收入確認（續）( i i i ) 產品銷售－分銷貨品之銷售收益在貨品付運予客戶，而客戶已接納該貨品及有關應收款項已合理地確定收到時確認。

( iv ) 利息收入利息收入根據尚未償還之本金及適用之利率，按時間比例使用實際利率法確認。

(v ) 特許權及授權收入特許權及授權收入按照相關協議之實質以應計基準確認。

(v i ) 股息收入股息收入於擁有權利收取股息時確認。

(v i i ) 租金及分租收入租金及分租收入乃按租賃年期以直線法入賬。

(x ) 租賃本集團在租賃資產可供其使用的當日將租賃確認為使用權資產和相應的負債。

合同可能包含租賃組成部分和非租賃組成部分。

本集團基於各租賃組成部分與非租賃組成部分的單獨價格相對比例分攤合同對價。

2. MATERIALACCOUNTINGPOLICIES (continued)(w) Revenue recognition (continued)(iii) Sales of goods – wholesaleSales of goods are recognized when products are delivered to the customer, the customer has accepted the products and collectability of the related receivables is reasonably assured.(iv) Interest incomeI n te res t income i s recogn ized on a t ime-proportion basis using the effective interest method, taking into account the principal amount outstanding and the interest rates applicable.(v) Royalty and licensing incomeRoyalty and licensing income are recognized on an accrual basis in accordance with the substance of the relevant agreements.(vi) Dividend incomeDividend income is recognized when the right to receive payment is established.(vii) Rental and sub-lease rental incomeRental and sub-lease rental income is recognized on a straight-line basis over the lease term.(x) LeasesLeases are recognized as a right-of-use asset and a corresponding liability at the date at which the leased asset is available for use by the Group.Contracts may contain both lease and non-lease components. The Group allocates the consideration in the contract to the lease and non-lease components based on their relative stand-alone prices.GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023105ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)2. MATERIALACCOUNTINGPOLICIES (continued)(x) Leases (continued)Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the following lease payments: fixed payments (including in-substance fixed payments), less any lease incentives receivable; variable lease payment that are based on an index or a rate, initially measured using the index or rate as at the commencement date; amounts expected to be payable by the Group under residual value guarantees; the exercise price of a purchase option if the Group is reasonably certain to exercise that option; and payments of penalties for terminating the lease, if the lease term reflects the Group exercising that option.Lease payments to be made under reasonably certain extension options are also included in the measurement of the liability.The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, which is generally the case for leases in the Group, the lessee’s incremental borrowing rate is used, being the rate that the individual lessee would have to pay to borrow the funds necessary to obtain an asset of similar value to the right-of-use asset in a similar economic environment with similar terms, security and conditions.2. 重大會計政策（續）(x ) 租賃（續）租賃產生的資產和負債按現值進行初始計量。

租賃負債包括以下租賃付款的淨現值：固定付款（包括實質固定付款），扣除任何應收的租賃優惠；基於指數或比率確定的可變租賃付款，採用租賃期開始日的指數或比率進行初始計量；本集團根據餘值擔保預計應付的金額；本集團合理確定將行使的購買選擇權的行權價格；及在租賃期反映出本集團將行使選擇權的情況下終止租賃的罰款金額。

當合理確定將行使續租選擇權時，租賃付款也納入負債的計量中。

租賃付款按租賃內含利率貼現。

本集團的租賃內含利率通常無法直接確定，在此情況下，應採用承租人的遞增借款利率，即承租人在類似經濟環境下獲得與使用權資產價值接近的資產，在類似期間以類似抵押條件借入資金而必須支付的利率。

106 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)2. 重大會計政策（續）(x ) 租賃（續）為確定遞增借款利率，本集團應：在可能的情況下，以承租人最近收到的第三方融資為起點，並進行調整以反映融資條件自收到第三方融資後的變化；對於近期未獲得第三方融資的本集團持有的租賃，採用以無風險利率為起點的累加法，並按照租賃的信用風險進行調整；並針對租賃作出特定調整，如租賃期、國家、貨幣及抵押。

本集團未來可能會面臨基於指數或比率確定的可變租賃付款增加的風險，並只會在實際發生時才納入租賃負債中。

當基於指數或比率對租賃付款進行調整時，租賃負債應予以重估並根據使用權資產調整。

租賃付款在本金和融資費用之間進行分攤。

融資費用在租賃期內計入損益賬，以按照固定的週期性利率對各期間負債餘額計算利息。

2. MATERIALACCOUNTINGPOLICIES (continued)(x) Leases (continued)To determine the incremental borrowing rate, the Group: where possible, uses recent third-party financing received by the individual lessee as a starting point, adjusted to reflect changes in financing condi t ions s ince th i rd party f inancing was received; uses a build-up approach that starts with a risk-free interest rate adjusted for credit risk for leases held by the Group, which does not have recent third party financing; and makes adjustments specific to the lease, e.g. term, country, currency and security.The Group is exposed to potential future increases in variable lease payments based on an index or rate, which are not included in the lease liability until they take effect. When adjustments to lease payments based on an index or rate take effect, the lease liability is reassessed and adjusted against the right-of-use asset.Lease payments are allocated between principal and finance cost. The finance cost is charged to profit or loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period.GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023107ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)2. MATERIALACCOUNTINGPOLICIES (continued)(x) Leases (continued)Right-of-use assets are measured at cost comprising the following: the amount of the initial measurement of lease liability; any lease payments made at or before the commencement date less any lease incentives received; any initial direct costs; and restoration costs.Right-of-use assets are generally depreciated over the shorter of the asset’s useful life and the lease term on a straight-line basis. If the Group is reasonably certain to exercise a purchase option, the right-of-use asset is depreciated over the underlying asset’s useful life.Payments associated with short-term leases of equipment and vehicles and all leases of low-value assets are recognized on a straight-line basis as an expense in profit or loss. Short-term leases are leases with a lease term of 12 months or less.Lease income from operating leases where the Group is a lessor is recognized in income on a straight-line basis over the lease term (Note 6). Initial direct costs incurred in obtaining an operating lease are added to the carrying amount of the underlying asset and recognized as expense over the lease term on the same basis as lease income. The respective leased assets are included in the balance sheet based on their nature.(y) Dividend distributionDividend distribution to the Company’s shareholders is recognized as a liability in the Group’s financial statements in the period in which the dividends are approved.2. 重大會計政策（續）(x ) 租賃（續）使用權資產按成本計量，包括下列各項：租賃負債的初始計量金額；在租賃期開始日或之前支付的租賃付款扣除收到的租賃優惠；初始直接費用；及復原成本。

使用權資產一般在資產的使用壽命與租賃期兩者孰短的期間內按直線法計提折舊。

如本集團合理確定會行使購買權，該使用權資產則按其使用壽命計提折舊。

與短期設備和汽車租賃及所有低價值資產租賃相關的付款按直線法確認為費用並計入損益賬。

短期租賃是指租賃期為12個月或更短的租賃。

本集團作為出租人收到的經營租賃收入在租賃期內按直線法確認為收入（附註6）。

為獲取經營租賃所發生的初始直接費用計入該資產的帳面金額，並在租賃期內按照與租賃收入相同的基礎確認為費用。

租賃資產按其性質在資產負債表中列示。

(y ) 派息向本公司股東派發之股息，於批准派息的財務期間被確認為本集團財務報表中的一項負債。

108 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)3. 財務風險管理及公允價值本集團的業務承受多種的財務風險：(a)(i)匯兌風險、(a)(ii)信貸風險、(a)(iii)流動資金風險、(a)(iv)現金流量利率風險、(b)資金管理風險及(c)公允值估計。

本集團整體風險管理計劃尋求將對本集團財務表現有不良影響之潛在風險減至最低。

如需要時，本集團會使用金融衍生工具管理若干所面對的風險。

(a) 財務風險因素( i ) 匯兌風險本集團國際營運業務面對之匯兌風險來自商業交易、已確認之資產及負債和海外業務投資淨額。

匯兌風險主要來自未來商業交易及以本集團實體的功能性貨幣以外的貨幣計值的已確認貨幣資產及負債。

於年結時，本集團的匯兌風險來自以人民幣計價的採購但以有關實體在當地貨幣作銷售價格。

已確認之資產及負債之匯兌風險對本集團之影響不大，因本集團之各有關實體一般皆準時結算以非功能貨幣作交易單位之結餘，而使於結算日時未償付的外幣結餘極少。

3. FINANCIALRISKMANAGEMENTANDFAIR VALUEThe Group’s activities exposed it to a variety of financial r isks: (a)( i ) foreign exchange risk, (a)( i i ) credit r isk, (a)( i i i ) l iquidity risk, (a)( iv) cash flow interest rate risk, (b) capital r isk management and (c) fair value estimation. The Group’s overal l r isk management program seeks to minimize potential adverse effects on the Group’s financial performance. The Group uses derivative financial inst ruments to manage cer ta in r isk exposure when necessary.(a) Financial risk factors(i) Foreign exchange riskThe Group operates in ternat iona l ly and is exposed to foreign exchange risk arising from commercial transactions, recognized assets and l iabil it ies and net investments in foreign operations. Foreign exchange risk arises when future commercial transactions or recognized assets or liabilities are denominated in a currency that is not the entity’s functional currency.As at year end, the foreign exchange risk of the Group mainly arises from purchases from a Renminbi-based supply cha in and sa les proceeds in local currencies of the relevant group entities. Foreign exchange risk arising from recognized assets and liabilities is considered to be insignificant. This is because the balances denominated in cur renc ies other than the functional currency of the relevant group entities are generally settled promptly leaving minimal outstanding foreign currency position as at the balance sheet date.GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023109ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)3. 財務風險管理及公允價值（續）(a) 財務風險因素（續）( i ) 匯兌風險（續）為管理來自商業交易和已確認之資產及負債的匯兌風險影響，當預期有關貨幣會有重大浮動時，本集團之公司將可能訂立遠期外匯兌換合約。

本集團擁有若干海外業務投資，其淨資產易受外匯換算風險。

( i i ) 信貸風險本集團之信貸風險主要來自銀行存款、應收賬款及其他應收款及租賃按金。

該等結餘之賬面值為本集團就金融資產所面對的最高信貸風險。

由於本集團的存款一般存於高信貸評級的銀行，故銀行存款的信貸風險有限。

零售銷售一般透過現金、銀行轉賬、信用卡或有信譽及分散之百貨公司付款。

本集團僅與具備良好信貸記錄之批發及加盟客戶進行信貸銷售，信貸期為30至90日。

此外，應收款結餘已予持續監察，故本集團所面對的壞賬風險並不重大。

3. FINANCIALRISKMANAGEMENTANDFAIR VALUE (continued)(a) Financial risk factors (continued)(i) Foreign exchange risk (continued)To manage foreign exchange risk arising from commercial transactions, recognized assets and liabilities, companies in the Group may use forward foreign exchange contracts when major fluctuation in the relevant foreign currency is anticipated.The Group has certain investments in foreign operations, whose net assets are exposed to foreign currency translation risk.(ii) Credit riskThe c red i t r i s k o f t he G roup i s p r ima r i l y attributable to balances with banks, trade and other receivables and renta l deposi ts. The carrying amounts of these balances represent the Group’s maximum exposure to credit risk in relation to financial assets. The credit risk on deposits with banks is limited as the Group mainly places the deposits in banks with high credit rating.Retai l sales are usual ly made in cash, bank t rans fe r , th rough c red i t ca rds or th rough reputable and dispersed department stores. The Group’s credit sales are only made to wholesale and franchise customers, with an appropriate credit h istory and on credit terms of 30 to 90 days. In addition, receivable balances are monitored on an ongoing basis and the Group’s exposure to bad debts is not significant.110 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)Trade receivablesThe Group applies the simplified approach to providing for expected credit losses prescribed by HKFRS 9, which permits the use of lifetime expected loss provision for all trade receivables. To measure the expected credit losses, trade receivables have been grouped based on share credit risk characteristics.For the trade receivables, the counterparties p r imar i l y a re l a rge co rpo ra t i on and have st rong f inancia l pos i t ion and management cons iders the cred i t r i sk i s not h igh. The Group mainta ins f requent communicat ions with these counterparties. Management has closely monitored the credit qualities and the collectability of these receivables and consider that the expected credit risks of them are minimal in view of the history of cooperation with them and forward looking information.3. 財務風險管理及公允價值（續）(a) 財務風險因素（續）( i i ) 信貸風險（續）下表呈列於2023年及2022年12月31日之本集團主要債務人。

（以百萬港元為單位） (In HK$ million) 20232022 訂約方：Counterpart:百貨公司Department stores 141129加盟商Franchisees 5259應收信用卡賬款Credit card receivables 1918其他Others 2223 應收賬款（附註16） Trade receivables (Note 16) 234229業主Landlords 142145 376374 應收賬款本集團應用香港財務報告準則第9號批准之簡化方法，其允許對所有貿易應收賬款使用預計使用年期虧損撥備。

為計量預期信貸虧損，應收賬款已按共同信貸風險特性而分組。

至於應收賬款，對手方主要為大型公司及擁有穩健財務狀況，而管理層認為信貸風險不高。

本集團與該等對手方維持頻繁溝通。

管理層密切監察該等應收賬款的信貸質素及收回機會，並認為其預期信貸風險屬微小，此乃考慮到與彼等的過往合作及前瞻性資料。

3. FINANCIALRISKMANAGEMENTANDFAIR VALUE (continued)(a) Financial risk factors (continued)(ii) Credit risk (continued)The table below shows the major types of debtors of the Group as at December 31,2023 and 2022.GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023111ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)3. FINANCIALRISKMANAGEMENTANDFAIR VALUE (continued)(a) Financial risk factors (continued)(ii) Credit risk (continued)Other receivablesThe d i r ec to rs o f t he Group cons ide r t he probability of default upon initial recognition of asset and whether there has been significant increase in credit risk on an ongoing basis during the year. To assess whether there is a significant increase in credit risk the Group compares risk of a default occurring on the assets as at year end date with the risk of default as at the date of initial recognition. Especially the following indicators are incorporated. Actual or expected signif icant adverse changes in business, financial economic conditions that are expected to cause a significant change to the company’s ability to meet its obligations; Actual or expected significant changes in the operating results of the company; S ign i f i can t changes i n the expec ted performance and behavior of the company, including changes in the payment status of the third party.Regardless of the analysis above, a significant increase in credit risk is presumed if a debtor is more than 30 days past due in making a contractual payment/repayable demand.3. 財務風險管理及公允價值（續）(a) 財務風險因素（續）( i i ) 信貸風險（續）其他應收賬款本集團董事於資產初始確認時考慮違約的可能性，及評估本年度信貸風險是否持續顯著增加。

在評估信貸風險是否顯著增加時本集團將年結日時資產發生違約的風險與初始確認日期的違約風險進行比較。

特別是結合了以下指標：營業、財務及經濟狀況的實際或預期發生重大不利變化預期導致公司履行責任的能力產生重大變化；公司經營業績實際或預期發生重大變化；公司預期表現及行為發生重大變化，包括第三方付款情況的變化。

不論上述分析如何，倘涉及合約付款╱按要求償還的債務人逾期超過30日，則假定信貸風險大幅增加。

112 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)3. FINANCIALRISKMANAGEMENTANDFAIR VALUE (continued)(a) Financial risk factors (continued)(ii) Credit risk (continued)Other receivables (continued)A defau l t on a f inanc ia l asset is when the counterparty fails to make contractual payments/repayable demanded within 365 days of when they fail due.The Group reviews regularly the recoverable amount of each individual receivable to ensure that adequate impairment losses are made for irrecoverable amounts. Over the term of the financial assets, the Group accounts for its credit r isk by appropriately providing for expected credit losses on a timely basis. In calculating the expected credit loss rates, the Group considers historical loss rates for each category of debtors, and adjusts for forward looking macroeconomic data.A s a t D e c e m b e r 31, 2022 a n d 2023, managemen t cons ide r o the r r ece i vab l es as low credit r isk as counterpart ies have a strong capacity to meet its contractual cash flow obligations in the near term. The Group has assessed that the expected credit losses for other receivables and the loss allowance provision recognized during the year for these balances is not material.3. 財務風險管理及公允價值（續）(a) 財務風險因素（續）( i i ) 信貸風險（續）其他應收賬款（續）當交易對手方無法於到期365日內作出合約付款╱按要求償還，則金融資產出現違約。

本集團定期審閱每項個別應收款項的可收回金額，以確保就無法收回金額作出足夠的減值虧損。

至於金融資產的條款，本集團通過及時計提適當預期信貸虧損來說明其信貸風險。

於計算預期信貸虧損率時，本集團考慮各類債務人的過往虧損率，並調整前瞻的宏觀經濟資料。

於2022年及2023年12月31日，管理層認為其他應收款項的信貸風險屬於低風險，因為交易對手方擁有雄厚實力應付短期內的合約現金流責任。

本集團已評估其他應收款項的預期信貸虧損，本年度就該等結餘確認的虧損撥備並不重大。

GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023113ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)(iv) Cash flow interest rate riskExcept for the bank balance of HK$935 million (2022: HK$960 million) and bank loan of HK$30 mill ion (2022: HK$12 mill ion); the Group has no other significant interest-bearing assets and liabilities. The bank balance and bank borrowings at floating rate expose the Group to cash flow interest rate risk which is insignificant to the Group. The Group’s income and operating cash flows are substantially independent of changes in market interest rates. Management does not anticipate significant impact resulted from the changes in interest rates.3. 財務風險管理及公允價值（續）(a) 財務風險因素（續）( i i i ) 流動資金風險本集團透過維持充裕銀行融資以及來自經營現金流量及融資現金流量的現金及現金等值物，來控制流動資金風險。

本集團及本公司於2023年12月31日及2022年12月31日之全部財務負債均於一年內到期，惟需注意下文所列者：（以百萬港元為單位） (In HK$ million)1年內Within one year1年後但5年內After one year but within five years5年以上Over five years總合同現金流量Total contractual cash flows賬面值Carrying amount 於2023年12月31日As at December 31,2023租賃負債Lease liabilities 3573541712666 於2022年12月31日As at December 31,2022租賃負債Lease liabilities 3442953642613 ( iv ) 現金流量利率風險除銀行存款9.35億港元（2022年：9.60億港元）及銀行貸款3,000萬港元（2022年：1,200萬港元），本集團並無其他重大計息資產及負債。

以浮動息率計息之銀行存款及銀行借貸令本集團面對現金流量利率風險，惟該等風險對本集團之影響並不重大。

本集團之收入及經營現金流量大致上不受市場利率變動影響。

管理層預期來自利率變動的影響並不重大。

3. FINANCIALRISKMANAGEMENTANDFAIR VALUE (continued)(a) Financial risk factors (continued)(iii) Liquidity riskThe liquidity risk of the Group is controlled by maintaining sufficient banking facilities and cash and cash equivalents, which is generated from the operating cash flow and financing cash flow.As at December 31,2023 and December 31, 2022, all of the Group’s and Company’s financial liabilities are due within one year, except to note followings:114 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)3. 財務風險管理及公允價值（續）(b) 資金管理風險本集團的資金管理目標，是保障本集團能持續營運之能力，以及為股東提供最大回報及令其他持份人獲益。

按合併財務狀況表所顯示，本集團的資本架構包括股本、現金及銀行結存以及銀行貸款。

為優化資本結構，本集團可能會增加長期借貸、調整派付予股東的股息金額、向股東發還資本及發行新股。

本集團在年內透過保持淨現金狀態監察資本。

淨現金狀態乃以現金及銀行結存減計息銀行貸款計算得出。

於2023年12月31日，本集團保持9.05億港元（2022年：9.48億港元）的淨現金狀態。

(c) 公允價值估計按公允值計量之金融工具乃按下列公允值計量層級分級：第一級—相同資產或負債於活躍市場的報價（未經調整）。

第二級—除了第一級所包括的報價外，該資產或負債的其他可觀察輸入數據，可為直接（即例如價格）或間接（即源自價格）。

第三級—資產或負債並非依據可觀察市場資料得出的輸入數據（即非可觀察輸入數據）。

3. FINANCIALRISKMANAGEMENTANDFAIR VALUE (continued)(b) Capital risk managementThe Group’s objectives on managing capital are to safeguard the Group’s ability to continue as a going concern as well as maximizing returns for shareholders and benefits for other stakeholders.The Group’s capital structure consists of equity, cash and bank balances and bank loans as shown in the consolidated statement of financial position.In order to improve the capital structure, the Group may raise long term debts, adjust the amount of dividends paid to shareholders, return capital to shareholders and issue new shares.The Group monitors capital by maintaining a net cash position throughout the year. Net cash positions is calculated by cash and bank balances net of interest bearing bank loans. As at December 31,2023, the Group maintained a net cash position of HK$905 million (2022: HK$948 million).(c) Fair value estimationFinancial instruments that are measured at fair value are disclosed by the level of the following fair value measurement hierarchy:Level 1 – quoted pr ices (unad jus ted ) in ac t i ve markets for identical assets or liabilities.Level 2 – inputs other than quoted prices included within Level 1 that are observable for the asset or l iabil ity, either directly (i.e. as prices) or indirectly (i.e. derived from prices).Level 3 – inputs for the asset or l iabil ity that are not based on observable market data (unobservable inputs).GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023115ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)3. 財務風險管理及公允價值（續）(c) 公允價值估計（續）於活躍市場交易的金融工具的公允值乃按財務狀況表日期之市場報價得出。

倘報價可即時且定期自交易所、交易商、經紀、同業團體、報價服務或監管機構取得，且該等價格代表按公平基準實際及定期發生的市場交易，則市場會被視為活躍。

本集團所持金融資產的市場報價為現行買入價。

該等工具乃包括在第一級內。

並非於活躍市場交易的金融工具的公允值乃使用估值技術釐定。

估值技術盡量利用可觀察市場數據（如有），盡量少依賴主體的特定估計。

如計算金融工具的公允值所需的全部重大輸入數據均可予觀察，則該金融工具乃列入第二級。

於2023年及2022年12月31日，概無金融工具獲列入第二級。

倘一項或多項重大輸入數據並非根據可觀察市場資料得出，則該金融工具乃列入第三級。

本集團的於其他綜合收益按公允值處理之金融資產和於損益賬按公允值處理之金融資產乃按公允值計量，故分別屬公允值計量層級中的第一級及第三級（附註19和15）。

於2023年12月31日，倘於其他綜合收益按公允值處理之金融資產及於損益賬按公允值處理之金融資產的公允值各自有5%的增加╱減少，而其他可變因素均維持不變，則本集團之權益將增加╱減少10萬港元（2022年：20萬港元）及淨溢利將增加╱減少140萬港元（2022年：170萬港元）。

3. FINANCIALRISKMANAGEMENTANDFAIR VALUE (continued)(c) Fair value estimation (continued)The fair value of financial instruments traded in active markets is based on quoted market prices at the date of the statement of financial position. A market is regarded as active if quoted prices are readily and regularly available from an exchange, dealer, broker, industry group, pricing service, or regulatory agency, and those pr ices represent actual and regular ly occurring market transactions on an arm’s length basis. The quoted market price used for financial assets held by the Group is the current bid price. These instruments are included in Level 1.The fair value of financial instruments that are not traded in an active market is determined by using valuation techniques. These valuation techniques maximize the use of observable market data where it is available and rely as little as possible on entity specific estimates. If al l signif icant inputs required to fair value an instrument are observable, the instrument is included in Level 2. No financial instrument is included in Level 2 as at December 31,2023 and 2022.If one or more of the significant inputs is not based on observable market data, the instrument is included in Level 3.The Group’s f inancial asset at FVOCI and FVPL measured at fair value are included in Level 1 and level 3 of the fair value measurement hierarchy (Note 19 and 15).As at December 31,2023, if there had been a 5% increase/decrease in the fair value of financial asset at FVOCI and financial asset at FVPL with all other variables held constant, the Group’s equity would have increased/decreased by HK$0.1 million (2022: HK$0.2 million) and net profit would have increased/decreased by HK$1.4 million (2022: HK$1.7 million).116 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)4. 重要會計估計及判斷估計及判斷之評估會持續地進行，並以過往使用經驗及其他因素作為基礎，包括在目前情況下對未來事件的合理預期。

重要會計估計及假設本集團對未來作出推算及假設。

所得之會計估計理論上難以與相關的實際結果相同。

以下所論述之估計及假設有相當風險引致須於下個財政年度對資產和負債之賬面值作重大調整。

( i ) 存貨可變現淨值存貨可變現淨值指日常業務估計售價扣除估計銷售開支。

有關估計根據現行市況及過往出售類似產品之經驗而作出。

相關估計可能因本集團經營地點之經濟狀況出現變動以及客戶口味及競爭對手就回應市況變動所採取措施而出現重大變動。

管理層於各結算日重新評估此等估計。

( i i ) 資產減值（債務工具投資以及應收營業賬款及其他應收賬款除外）於各個報告期末，本集團審閱內部及外來資料來源以識別下列資產可能減值或（除商譽外）先前已確認的減值虧損不再存在或可能已經減少的跡象：–物業、機器及設備；–使用權資產；–一間合營公司的權益；及–商譽。

4. CRITICALACCOUNTINGESTIMATESAND JUDGMENTSEstimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are bel ieved to be reasonable under the circumstances.Critical accounting estimates and assumptionsThe Group makes estimates and assumptions concerning the future. The resulting accounting estimates wil l, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below.(i) Net realizable value of inventoriesNet realizable value of inventories is the estimated sel l ing prices in the ordinary course of business less estimated sell ing expenses. These estimates are based on the current market condition and the historical experience of selling products of similar nature. It could change significantly as a result of changes in economic conditions in places where the Group operates and changes in customer taste and competitor actions in response to changes in market conditions. Management reassesses these estimates at each balance sheet date.(ii) Impairment of assets (other than investments in debt instruments and trade and other receivables)At the end of each reporting period, the Group reviews internal and external sources of information to identify indications that the following assets may be impaired or, except in the case of goodwill, an impairment loss previously recognized no longer exists or may have decreased:– Property, plant and equipment;– Right-of-use assets;– Interest in a joint venture; and– Goodwill.GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023117ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)4. 重要會計估計及判斷（續）( i i ) 資產減值（債務工具投資以及應收營業賬款及其他應收賬款除外）（續）用以識別減值跡象的有關資料通常具有主觀性質，故本集團就其業務採用有關資料時須作出判斷。

本集團對此等資料的詮釋會直接影響是否於任何指定報告期末進行減值評估。

倘確定出現減值跡象，本集團會就有關資料進一步估計可收回金額，即資產的公允價值減出售成本或使用價值兩者的較高值。

視乎本集團對檢討資產的整體重要性的評估及合理估算可收回金額的複雜性，本集團可能會利用內部資源進行有關評估或委聘外部顧問向本集團提供意見。

無論利用何種資源，本集團於評估時均須作出眾多假設，包括有關資產的使用情況、將產生的現金流、適當的市場貼現率及預計市場及監管情況。

該等假設如出現任何變動，可能會導致日後對任何資產可收回金額的估算出現重大變動。

( i i i ) 物業、機器及設備之折舊物業、機器及設備乃按其預計使用年期以直線法折舊。

本集團定期審閱該等資產之預計使用年期以釐定於任何報告期內支出之數額。

使用年期乃根據本集團對相類似之資產之過往經驗而釐定。

如過往之估計有重大改變，則調整在將來期間之折舊支出。

4. CRITICALACCOUNTINGESTIMATESAND JUDGMENTS (continued)(ii) Impairment of assets (other than investments in debt instruments and trade and other receivables) (continued)The sources u t i l i zed to ident i f y ind ica t ions o f impairment are often subjective in nature and the Group is required to use judgement in applying such information to its business. The Group’s interpretation of this information has a direct impact on whether an impairment assessment is performed as at the end of any given reporting period.I f an indication of impairment is identi f ied, such information is further subject to an exercise that requires the Group to est imate the recoverable amount, represent ing the greater of the asset’s fair value less costs of disposal or its value in use. Depending on the Group’s assessment of the overall materiality of the asset under review and complexity of deriving a reasonable estimate of the recoverable amount, the Group may perform such assessments utilizing internal resources or the Group may engage external advisors to counsel the Group. Regardless of the resources util ized, the Group is required to make many assumptions to make these assessments, including the utilization of such asset, the cash flows to be generated, appropriate market discount rates and the projected market and regulatory conditions. Changes in any of these assumptions could result in a material change to future estimates of the recoverable amount of any asset.(iii) Depreciation of property, plant and equipmentProperty, plant and equipment are depreciated on a straight-line basis over the estimated useful lives of the assets. The Group reviews the estimated useful lives of the assets regularly in order to determine the amount of depreciation to be recorded during any reporting period. The useful lives are based on the Group’s historical experience with similar assets. The depreciation for future periods is adjusted if there are material changes from previous estimates.118 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)4. 重要會計估計及判斷（續）( iv ) 簽出授出認沽期權負債的公允值若干本集團的業務合併交易涉及由本集團所發出對附屬公司權益之授出認沽期權。

本集團的相關簽出授出認沽期權負債按公允值確認，該等公允值乃根據相關協議的條款及參考該等已收購之附屬公司預期收購後之表現而釐定。

釐定用作估計所收購附屬公司的收購後表現所採納的主要假設（如增長率、利潤率及貼現率）時，須作出判斷。

主要假設的變動可對未來負債的金額造成重大影響。

於收購日期後所發生的事項或因素導致授出認沽期權負債需要重新計量公允值時，所產生的任何變動將於權益中確認。

(v ) 應收賬款可收回性集團會於預期無法收回所有到期款項時作出預期信用損失撥備。

集團集合風險特徵相似的應收賬款，然後評估共同或個別賬款收回的可能性，從而確定撥備額。

撥備反映全期預期信用損失，即應收賬款在預計還款期內的潛在違約事件，按發生違約的加權概率計算。

在釐定預期信用損失撥備水平時須判斷客戶的信用風險特徵，及按情況以共同及個別組合評估收回的可能性。

儘管撥備被視為恰當，但估算基準或經濟環境的變化，可能導致已列賬的撥備水平有變，因此影響扣除或計入損益賬的金額。

4. CRITICALACCOUNTINGESTIMATESAND JUDGMENTS (continued)(iv) Fair value of written put option liabilitiesCertain of the Group’s business combination activities involved put options issued by the Group over the equity of subsidiary companies. The Group recorded such written put option liabilities at their fair values which are determined in accordance with the terms under those relevant agreements and with reference to the estimated post-acquisition performance of the acquired subsidiaries. Judgement is required to determine key assumptions (such as growth rate, margins and discount rate) adopted in the estimation of post-acquisit ion performance of the acquired subsid iar ies. Changes to key assumpt ions can significantly affect the amounts of future liabilities. Put option liabilities shall be remeasured at their fair value resulting from events or factors emerged after the acquisit ion date, with any result ing changes recognized in the equity.(v) Recoverability of trade receivablesProvision for expected credit losses is made when the Group does not expect to collect all amounts due. The provision is determined by grouping together trade debtors with similar risk characteristics and collectively or individually assessing them for likelihood of recovery. The provision reflects lifetime expected credit losses i.e. possible default events over the expected life of the trade receivables, weighted by the probability of that default occurring. Judgement has been applied in determining the level of provision for expected credit losses, taking into account the credit risk characteristics of customers and the likelihood of recovery assessed on a combination of collective and individual basis as relevant. While the provision is considered appropriate, changes in estimation basis or in economic conditions could lead to a change in the level of provision recorded and consequently on the charge or credit to profit or loss.GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023119ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)4. 重要會計估計及判斷（續）(v i ) 所得稅本集團須於多個司法權區繳納所得稅。

在為所得稅釐定全球準備時需要運用相當程度的判斷。

於日常業務過程中有頗多未能確定最終稅項之交易及計算。

本集團依據會否有到期應繳額外稅項之估計而確認預期稅務審計項目之負債。

倘該等事項之最終稅務結果與初步記錄之金額不同，有關差異將影響作出釐定之期間內的所得稅及遞延稅項準備。

(v i i ) 釐定租賃條款及貼現率在決定租賃租期時，管理層會考慮所有構成經濟誘因的動機，以行使延期選擇權或不行使終止選擇權。

僅當本集團具有延展租賃期限的可執行權且合理確定租賃將被延期（或未終止）時，延期選擇權（或終止期權後的期間）才包括在租賃期限內。

潛在的未來現金流出未計入租賃負債，因為無法合理確定租賃將被延長（或未終止）。

如果發生重大事件或重大變化，而此影響在承租人的控制範圍內，此評估會進行複核。

無論在租賃開始日和租賃修改生效日決定貼現率時，本集團需要作出重要的判斷去考慮基礎資產的性質以及租賃的條款和條件。

4. CRITICALACCOUNTINGESTIMATESAND JUDGMENTS (continued)(vi) Income taxThe Group is subject to income taxes in numerous jur isdict ions. Signif icant judgment is required in determining the worldwide provis ion for income taxes. There are many transactions and calculations for which the ultimate tax determination is uncertain during the ordinary course of business. The Group recognizes liabilities for anticipated tax audit issues based on estimates of whether additional taxes will be due. Where the final tax outcome of these matters is different from the amounts that were initially recorded, such dif ferences wi l l impact the income tax and deferred tax provisions in the period in which such determination is made.(vii) Determination of lease term and discount rateIn determining the lease term, management considers all facts and circumstances that create an economic incentive to exercise an extension option, or not exercise a termination option. Extension options (or periods after termination options) are only included in the lease term if the Group has enforceable right to extend the lease term and the lease is reasonably certain to be extended (or not terminated). Potential future cash outflows have not been included in the lease liability because it is not reasonably certain that the leases will be extended (or not terminated).The assessment is reviewed if a significant event or a significant change in circumstances occurs which affects this assessment and that is within the control of the lessee.In determining the discount rate, the Group is required to exercise considerable judgement in relation to determine the discount rates by taking into account the nature of the underlying assets and the terms and conditions of the leases, at both the commencement date and the effective date of the modification.120 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)5. SALESANDOPERATINGSEGMENTSThe Group determines its operating segments based on its development strategies and operational control. There are two major operating segments: Retail and Distribution and Wholesales to Overseas Franchisees. Management manages the Retail and Distribution operating segment geographically and by brand.Geographical ly, the Retai l and Distr ibut ion operat ing segment in Mainland China and the Gulf Cooperation Council (the “GCC”) comprise both direct-operated stores and franchised stores. Hong Kong and Macau, Taiwan, Southeast Asia and Australia do not have material local franchised stores. Group stores span most of Southeast Asia and the GCC.As for brands, the Group presently operates Giordano and Giordano Junior , Giordano Ladies , BSX as well as other owned and licensed brands.Adjusted EBITDA is profit before finance expense, income taxes, impairment of right-of-use assets and property, plant and equipment, depreciat ion and amort izat ion, share of profit of a joint venture and unallocated corporate items. Segment results are before finance expense, share of profit of a joint venture, income taxes and unallocated corporate items. This is the measurement basis reported to management and the senior decision-makers for the purpose of resources allocation and assessment of segment performance.5. 銷售額及營運分部本集團按發展策略以及營運控制以釐定其營運分部。

主要分為兩個營運分部：零售及分銷分部及對海外加盟商之批發業務。

管理層以地區及品牌之角度來管理零售及分銷之營運分部。

按照地區，零售及分銷營運分部於中國大陸及海灣阿拉伯國家合作委員會包含直營店及加盟店。

香港及澳門、台灣、東南亞及澳洲地區市場並沒有重大之當地加盟店。

本集團門市遍佈在大部份東南亞以及海灣阿拉伯國家合作委員會地區。

品牌方面，本集團現時經營Giordano及Giordano Junior、Giordano Ladies、BSX以及其他自有及授權經營之品牌。

經調整EBITDA乃指未扣除融資費用、所得稅、使用權資產與物業、機器及設備之減值、折舊及攤薄、應佔一間合營公司溢利以及未分配之總部職能項目前的溢利。

分部業績乃未扣除融資費用、應佔一間合營公司溢利、所得稅及未分配之總部職能項目。

此乃向管理層及高級決策者匯報以作資源分配及評估分部表現的計量基準。

GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023121ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)5. 銷售額及營運分部（續）本集團之營運分部銷售額及經營溢利（虧損）按地區之分析如下。

2023（以百萬港元為單位） (In HK$ million)中國大陸MainlandChina香港及澳門HK andMacau台灣Taiwan東南亞及澳洲SoutheastAsia andAustralia海灣阿拉伯國家合作委員會GulfCooperationCouncil對海外加盟商之批發Wholesale toOverseas Franchisees合計Total 銷售額Sales 6643804401,4716752433,873 經調整EBITDAAdjusted EBITDA 3214494462245241,001折舊及攤銷Depreciation and amortization－使用權資產– Right-of-use assets (25) (75) (44) (165) (103) – (412)－物業、機器及設備和投資物業– Property, plant and equipment and investment properties (6) (3) (6) (26) (12) – (53) 分部業績Segment results 1664427113024536 總部職能Corporate functions (33)融資費用Finance expense (40)應佔一間合營公司溢利Share of profit of a joint venture 45 除所得稅前溢利Profit before income taxes 508 5. SALESANDOPERATINGSEGMENTS (continued)Analysis of sales and operating profit (loss) of the Group’s operating segment by geographic regions is as follows.122 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)5. SALESANDOPERATINGSEGMENTS (continued)5. 銷售額及營運分部（續）2022（以百萬港元為單位） (In HK$ million)中國大陸MainlandChina香港及澳門HK andMacau台灣Taiwan東南亞及澳洲SoutheastAsia andAustralia海灣阿拉伯國家合作委員會GulfCooperationCouncil對海外加盟商之批發WholesaletoOverseasFranchisees合計Total 銷售額Sales 6682864661,4446353003,799 經調整EBITDAAdjusted EBITDA (16) 948946021745889折舊及攤銷Depreciation and amortization－使用權資產– Right-of-use assets (34) (74) (47) (144) (94) – (393)－物業、機器及設備和投資物業– Property, plant and equipment and investment properties (8) (2) (5) (21) (11) – (47)減值Impairment－使用權資產– Right-of-use assets (2) – – (1) – – (3)減值撥回Reversal of impairment－使用權資產– Right-of-use assets – – – 2 – – 2 分部業績Segment results (60) 183729611245448 總部職能Corporate functions (23)融資費用Finance expense (25)應佔一間合營公司溢利Share of profit of a joint venture 36 除所得稅前溢利Profit before income taxes 436 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023123ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)The Company has its domicile in Hong Kong. Sales to external customers recorded in Hong Kong and Macau (including retail and wholesale sales) were HK$623 million (2022: HK$586 million), Mainland China was HK$664 million (2022: HK$668 million) and external customers from other markets were HK$2,586 million (2022: HK$2,545 million).Inter-segment sales of HK$738 mill ion (2022: HK$939 million) have been eliminated upon consolidation.5. SALESANDOPERATINGSEGMENTS (continued)Further analysis of the Retail and Distribution operating segment by brand is as follows.5. 銷售額及營運分部（續）以品牌劃分之零售及分銷營運分部之進一步分析如下。

20232022（以百萬港元為單位） (In HK$ million)銷售額Sales經營溢利Operatingprofit (loss)銷售額Sales經營溢利Operatingprofit 零售及分銷Retail and DistributionGiordano及Giordano Junior Giordano and Giordano Junior 3,0114072,926306Giordano Ladies Giordano Ladies 2684824634BSXBSX 8 (1) 8 –其他Others 3435831963 3,6305123,499403 本公司駐於香港。

其於香港及澳門（包括零售及批發銷售）錄得對外客戶之銷售額為6.23億港元（2022年：5.86億港元）；於中國大陸為6.64億港元（2022年：6.68億港元）；而於其他市場對外客戶之銷售額為25.86億港元（2022年：25.45億港元）。

分部之間之銷售額為7.38億港元（2022年：9.39億港元）已予合併對銷。

124 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)The tota l of non-current assets other than f inancia l instruments and deferred tax assets located in Hong Kong and Macau was HK$179 million (2022: HK$194 million); Mainland China was HK$49 million (2022: HK$61 million); and other markets were HK$1,826 million (2022: HK$1,690 million).5. SALESANDOPERATINGSEGMENTS (continued)Income taxes charged related to Mainland China was HK$1 million (2022: HK$3 million), Hong Kong and Macau were HK$13 mill ion (2022: HK$5 mill ion), Taiwan was HK$8 million (2022: HK$7 million), Southeast Asia and Australia were HK$63 million (2022: HK$72 million) and the GCC was HK$5 million (2022: HK$7 million).Analysis of the Group's assets by geographic regions is as follows.5. 銷售額及營運分部（續）中國大陸之所得稅費用為100萬港元（2022年：300萬港元），香港及澳門為1,300萬港元（2022年：500萬港元），台灣為800萬港元（2022年：700萬港元），東南亞及澳洲為6,300萬港元（2022年：7,200萬港元），而海灣阿拉伯國家合作委員會為500萬港元（2022年：700萬港元）。

本集團之資產按地區劃分之分析如下。

分部資產Segment assets（以百萬港元為單位） (In HK$ million) 20232022 分部資產Segment assets東南亞及澳洲Southeast Asia and Australia 1,0891,216海灣阿拉伯國家合作委員會Gulf Cooperation Council 1,0371,019香港及澳門Hong Kong and Macau 570559中國大陸Mainland China 365399台灣Taiwan 233233 3,2943,426一間合營公司權益Interest in a joint venture 494490於其他綜合收益按公允值處理之金融資產Financial asset at fair value through other comprehensive income 13於損益賬按公允值處理之金融資產Financial asset at fair value through profit or loss 2834遞延稅項資產Deferred tax assets 3955 資產總額Total assets 3,8564,008 除金融工具及遞延稅項資產外，於香港及澳門之非流動資產總額為1.79億港元（2022年：1.94億港元），於中國大陸為4,900萬港元（2022年：6,100萬港元）；及於其他市場為18.26億港元（2022年：16.90億港元）。

GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023125ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)6. OTHERINCOMEANDOTHERGAINS, NET6. 其他收入及其他收益，淨額（以百萬港元為單位） (In HK$ million) 20232022 利息收入Interest income 2312特許權及授權收入Royalty and licensing income 2230租金及分租收入Rental and sub-lease rental income 87股息收入Dividend income 33政府補貼Government grants 212索賠和賠償Claims and compensation 2 (2)出售物業、機器及設備之淨虧損Net loss on disposal of property, plant and equipment (1) –匯兌虧損淨額Net exchange loss (5) (8)於損益賬按公允值處理之金融資產之公允值（虧損）收益Fair value (loss) gain on financial asset at fair value through profit or loss (6) 6其他Others 2012 6872 126 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)7. OPERATINGPROFITOperating profit is after charging (crediting):7. 經營溢利經營溢利已扣除（計入）：（以百萬港元為單位） (In HK$ million) 20232022 銷售成本Cost of sales存貨銷售成本Cost of inventories sold 1,6071,657陳舊存貨撥備（撥備撥回）及存貨撇銷淨額Net provision (reversal of provision) for obsolete stock and stock written off 3 (4) 1,6101,653 分銷費用Distribution expense員工成本Staff cost 601580折舊支出Depreciation expenses－使用權資產– Right-of-use assets 396377－物業、機器及設備– Property, plant and equipment 4842土地及樓宇之租賃費用Rentals in respect of land and buildings－最低租金支出– Minimum lease payments 3962－或然租金費用– Contingent rent 192172物業管理費、政府地租及差餉及公用事業費用Building management fee, government rent and rates and utilities 99100廣告宣傳、推廣及激勵措施Advertising, promotion and incentives 8991包裝及運輸Packaging and deliveries 5353銀行及信用卡收費Bank and credit card charges 2726減值Impairment－使用權資產– Right-of-use assets – 3減值撥回Reversal of impairment－使用權資產– Right-of-use assets – (2)應收賬款虧損撥備變動Change in loss allowance for trade receivables (4) (2)其他Others 9092 1,6301,594 行政費用Administrative expense員工成本Staff cost 134132折舊支出Depreciation expenses－使用權資產– Right-of-use assets 1616－物業、機器及設備和投資物業– Property, plant and equipment and investment properties 55法律及專業費用Legal and professional fee 814核數師酬金Auditor's remuneration 76電腦及通訊Computer and telecommunication 65差旅費Travelling 32營業及其他稅項Business and other taxes 11土地及樓宇之租賃費用Rentals in respect of land and buildings－最低租金支出– Minimum lease payments – 1其他Others 1817 198199 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023127ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)9. STAFFCOSTS8. FINANCEEXPENSE8.融資費用（以百萬港元為單位） (In HK$ million) 20232022 租賃負債利息Interest on lease liabilities 3925銀行貸款利息Interest on bank loans 1 – 4025 9. 員工成本（以百萬港元為單位） (In HK$ million) 20232022 薪金及工資（包括董事酬金） Salaries and wages (including Directors’ emoluments) 676653退休金—界定供款計劃Pension cost — defined contribution plans 5959 735712 本年度內，本集團沒有運用未能領取之供款（2022年：無）以減低供款水平。

於2023年及2022年12月31日，沒有可供來年使用之未能領取供款。

During the year, no unvested benefits were utilized by the Group to reduce the level of contributions (2022: Nil). As at December 31,2023 and 2022, no unvested benefits were available to be utilized in future years.128 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued) Chairman and Chief Executive Executive directors^ Non-executive directors* Independent non-executive directors# Other benefits include insurance premium, share options, housing allowances, other allowances and benefits in kind (“Other Benefits”)Performance-based bonus is determined based on profit sharing ratioDiscretionary bonus is determined based on profit sharing ratio or pre-determined acheivement rate of profit targets1 Resigned as Non-executive Director on December 1,20222 Appointed as Non-executive Director on December 1,202210. 董事的利益和權益(a) 董事酬金袍金Fees薪金Salaries業績計算╱酌情性花紅Performance-based /Discretionarybonuses其他收益#Otherbenefits#僱主退休金供款合計Total董事姓名Name of DirectorsEmployer'scontributionto pensionschemes港幣千元港幣千元港幣千元港幣千元港幣千元港幣千元HK$'000 HK$'000 HK$'000 HK$'000 HK$'000 HK$'000 2023劉國權 LAUKwok Kuen, Peter – 3,77511,6151,644 – 17,034陳嘉緯 CHANKa Wai – 2,4113,000106185,535羅學文 Mark Alan LOYND – 2,1301,700105183,953畢滌凡* Barry John BUTTIFANT* 420 – – – – 420黃旭* WONGYuk (alias, HUANGXu)* 390 – – – – 390Alison Elizabeth LLOYD* Alison Elizabeth LLOYD* 370 – – – – 370曾安業^ TSANGOn Yip^ 200 – – – – 200李志軒^ LEEChi Hin, Jacob^ 200 – – – – 200 1,5808,31616,3151,8553628,102 2022劉國權 LAUKwok Kuen, Peter – 3,7099,6591,757 – 15,125陳嘉緯 CHANKa Wai – 2,3722,000118184,508羅學文 Mark Alan LOYND – 2,1381,300117183,573鄭志剛^1 CHENGChi Kong^1183 – – – – 183陳世昌^1 CHANSai Cheong^1183 – – – – 183畢滌凡* Barry John BUTTIFANT* 420 – – – – 420鄺其志* KWONGKi Chi* 150 – – – – 150黃旭* WONGYuk (alias, HUANGXu)* 390 – – – – 390Alison Elizabeth LLOYD* Alison Elizabeth LLOYD* 370 – – – – 370曾安業^2 TSANGOn Yip^217 – – – – 17李志軒^2 LEEChi Hin, Jacob^217 – – – – 17 1,7308,21912,9591,9923624,936 主席及行政總裁執行董事^非執行董事*獨立非執行董事#其他收益包括保險供款、購股權、房屋津貼、其他津貼及實物收益（「其他收益」）業績計算花紅按溢利分配比率所決定酌情性花紅按溢利分配比率或預先決定之溢利目標達成率所決定1於2022年12月1日辭任為非執行董事2於2022年12月1日委任為非執行董事10. BENEFITSANDINTERESTSOFDIRECTORS(a) Directors' emolumentsGIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023129ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)(b) Five highest paid individualsThe f ive individuals whose emoluments were the highest in the Group for the year include 3 (2022: 3) Directors whose emoluments are reflected in the analysis presented above. The emoluments payable to the remaining 2 (2022: 2) individuals during the year are as follows:10. 董事的利益和權益（續）(a) 董事酬金（續）於本年度內，向董事支付之酬金總額如下：（以港幣千元為單位） (In HK$'000) 20232022 袍金Fees 1,5801,730其他酬金：Other emoluments:基本薪金及其他收益Basic salaries and other benefits 10,17110,211退休金計劃供款Contribution to pension schemes 3636業績計算╱酌情性花紅Performance-based/discretionary bonuses 16,31512,959 28,10224,936 (b) 五位最高薪職員於本年度內，本集團五位最高薪職員中包括3位(2022年：3位）董事，其酬金之詳情已於上文披露。

本年度內，餘下2位（2022年：2位）最高薪職員之應付酬金如下：（以港幣千元為單位） (In HK$'000) 20232022 基本薪金及其他收益Basic salaries and other benefits 5,1044,984退休金計劃供款Contribution to pension schemes 10395業績計算╱酌情性花紅Performance-based/discretionary bonuses 5,6505,008 10,85710,087 10. BENEFITSANDINTERESTSOFDIRECTORS (continued)(a) Directors’ emoluments (continued)The aggregate amount of emoluments payable to Directors of the Company during the year is as follows:130 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)(c) Information about loans, quasi-loans and other dealings in favour of Directors, controlled bodies corporate by and connected entities with such DirectorsThere are no loans, quasi-loans or other dealings in favour of the Directors, their controlled bodies corporate and connected ent i t ies for disclosure pursuant to sect ion 383(1)(d) of the Hong Kong Companies Ordinance and Part G (2022: Nil).10. BENEFITSANDINTERESTSOFDIRECTORS (continued)(b) Five highest paid individuals (continued)The emoluments of the remain ing h ighest pa id individuals fell within the following bands:10. 董事的利益和權益（續）(b) 五位最高薪職員（續）餘下最高薪職員按酬金組別歸類如下：人數酬金組別Number of individualsEmolument bands 20232022 港幣HK$4,000,001 – 5,000,000 – 15,000,001 – 6,000,00021 (c) 向董事、受該等董事控制的法人團體及該董事的關連主體提供的貸款、準貸款和其他交易的資料本公司概無訂立或存在以本公司董事、或由該等董事控制的法人團體或與該等董事有關連的主體為受益人之貸款、準貸款及其他交易，無需根據香港公司條例第383(1)(d)條及第622G章第三部分作出披露（2022年：無）。

GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023131ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)This charge excludes the share of joint venture's income taxes of HK$13 million (2022: HK$12 million) for the year. The share of profit of a joint venture in the consolidated income statement is after income taxes accrued in the appropriate income tax jurisdictions.11. INCOMETAXESHong Kong profits tax is calculated at the rate of 16.5% (2022: 16.5%) on the estimated assessable profits for the year. Income taxes on profits assessable outside Hong Kong are calculated at the rates applicable in the respective jurisdictions.11. 所得稅香港利得稅是根據本年度之估計應課稅溢利按16.5%（2022年：16.5%）之稅率計算。

香港以外溢利之應繳所得稅乃按個別司法地區適用之稅率計算。

（以百萬港元為單位） (In HK$ million) 20232022 本年度所得稅Current income taxes香港Hong Kong 22香港以外Outside Hong Kong 7062過往年度超額撥備Over provision in prior years – (5)扣繳稅項Withholding taxes 3012 10271遞延所得稅Deferred income taxes短暫性差異之衍生及撥回Origination and reversal of temporary differences 1736 119107 此支出不包括本年度應佔合營公司之所得稅1,300萬港元（2022年：1,200萬港元）。

於合併利潤表中之應佔一間合營公司溢利乃扣除該司法地區適當之所得稅計提。

132 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)12. EARNINGSPERSHAREThe calculations of basic and diluted earnings per share are based on the profit after income taxes attributable to shareholders of the Company for the year of HK$345 million (2022: HK$268 million).The basic earnings per share is based on the weighted average of 1,598,745,713 shares (2022: 1,579,840,419 shares) in issue during the year.The diluted earnings per share is calculated by adjusting the weighted average of 1,598,745,713 shares (2022: 1,579,840,419 shares) in issue during the year by the weighted average of 13,646,324 shares (2022: 9,526,750 shares) deemed to be issued if all outstanding share options granted under the share option schemes of the Company had been exercised.11. INCOMETAXES (continued)Reconciliation of the Group’s profit before income taxes at the tax rate of Hong Kong to the income tax charges is as follows.11. 所得稅（續）按香港稅率而計算之本集團除所得稅前溢利與所得稅支出之調節表如下。

（以百萬港元為單位） (In HK$ million) 20232022 除所得稅前溢利（不包括應佔一間合營公司溢利）Profit before income taxes (before share of profit of a joint venture) 463400 按所得稅率16.5%（2022年：16.5%）計算Calculated at an income tax rate of 16.5% (2022: 16.5%) 7666其他國家不同稅率之影響Effect of different tax rates in other regions (1) (6)不可扣稅之支出Expenses not deductible for tax purposes 124遞延稅項資產撇減Deferred tax assets written down 623未確認之遞延稅項資產Deferred tax assets not recognized 1329毋須課稅之收入Income not subject to tax (15) (16)使用早前未有確認之稅損Utilization of previously unrecognized tax losses (2) –扣繳稅項Withholding tax 3012過往年度超額撥備Over provision in prior years – (5) 所得稅支出Income tax charges 119107 12. 每股盈利每股基本及攤薄盈利乃按本年度公司股東應佔除所得稅後盈利3.45億港元（2022年：2.68億港元）計算。

每股基本盈利乃按本年度內已發行股份之加權平均股數1,598,745,713股（2022年：1,579,840,419股）計算。

每股攤薄盈利乃按年內已發行股份之加權平均股數1,598,745,713股（2022年：1,579,840,419股）加上假設根據本公司購股權計劃授出之所有尚未行使購股權皆獲行使而發行之股份之加權平均股數13,646,324股（2022年：9,526,750股）計算。

GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023133ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)On March 12,2024, the Board has recommended a final dividend of 13.5 HK cents per share and is subject to the approval of the Company’s shareholders at the forthcoming annual general meeting. The proposed dividend has not been recognized as a liability at the balance sheet date. The amount of proposed dividend was based on the shares of the Company in issue as of the reporting date.(b) Dividends attributable to the previous year, approved and paid during the year:13. DIVIDENDS(a) Dividends attributable to the year:13. 股息(a) 本年度股息如下：（以百萬港元為單位） (In HK$ million) 20232022 已宣派之中期股息為每股17.0港仙（2022年：每股8.5港仙）Interim dividend declared and paid of 17.0 HK cents per share (2022: 8.5 HK cents per share) 274134於結算日後建議之末期股息為每股13.5港仙（2022年：每股15.0港仙）Final dividend proposed after the balance sheet date of 13.5 HK cents per share (2022: 15.0 HK cents per share) 218237 492371 於2024年3月12日，董事會建議末期股息為每股13.5港仙，須待於應屆本公司股東周年大會上取得股東批准。

此項擬派股息在結算當日並無確認為負債。

擬派股息之金額乃基於報告日之本公司已發行股份數目計算。

(b) 屬於上一年度，並於本年度內已批准及派發的股息：（以百萬港元為單位） (In HK$ million) 20232022 已批准及派發2022年末期股息為每股15.0港仙（2021年：每股10.0港仙）2022 final dividend approved and paid of 15.0 HK cents per share (2021: 10.0 HK cents per share) 240158 2022年末期股息乃按本公司於2023年6月16日之已發行股份總數派付。

The payment for 2022 final dividend was based on the total number of issued shares of the Company on June 16,2023.134 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)Included in the cash and bank balances of the Group were cash and bank balances totaling HK$132 million (2022: HK$97 million) denominated in Renminbi.The effective interest rate on bank deposits of the Group was 4.8% (2022: 4.2%) per annum; these deposits have an average maturity of around 2 months as at year end.15. FINANCIALASSETATFAIRVALUETHROUGH PROFITORLOSS14. CASHANDBANKBALANCES14. 現金及銀行結存（以百萬港元為單位） (In HK$ million) 20232022 現金及現金等值Cash and cash equivalents 720860存款日起三個月以上到期之銀行存款Bank deposits with maturity over three months from date of deposits 215100 935960 本集團以上之現金及銀行結存包括等值1.32億港元（2022年：9,700萬港元）之人民幣現金及銀行結存。

本集團定期存款的實際利率為每年4.8%（2022年：4.2%），年末該等存款之平均到期期限約為二個月。

15. 於損益賬按公允值處理之金融資產優先股其他Other合計Total（以百萬港元為單位） (In HK$ million)PreferenceShares 於2022年1月1日之公允值Fair value at January 1,202228 – 28增加Additions – 66 於2022年12月31日及2023年1月1日之公允值Fair value at December 31,2022 and January 1,202328634公允值變動Fair value change – (6) (6) 於2023年12月31日之公允值Fair value at December 31,202328 – 28短期部分Current portion – – – 長期部分Non-current portion 28 – 28 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023135ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)15. FINANCIALASSETATFAIRVALUETHROUGH PROFITORLOSS (continued)On June 27,2008, the Group entered into a sale and purchase agreement to dispose of its 21.0% interest in Placita Holdings Limited (“Placita”). As part of the agreement,6,055,440 ordinary shares representing the Group’s remaining 30.0% of the total issued share capital of Placita were redesignated into 6,055,440 preference shares of Placita (the “Preference Shares”). Furthermore, the Group was granted a put option on the Preference Shares.The Preference Shares and the re lated opt ions are measured at FVPL. The fair value has been and will be re-assessed by an independent professional valuation firm at year end and the end of each subsequent period.Changes in the fair values of financial asset at FVPL are recorded in other income in the consolidated income statement.The fair value of the financial asset at FVPL in respect of Preference Shares are determined based on discounted cash flow, using inputs that are not based on observable market data (unobservable inputs), which is categorized as Level 3 under the fair value hierarchy pursuant to HKFRS 13.15. 於損益賬按公允值處理之金融資產（續）於2008年6月27日，本集團訂立買賣協議出售Placita Holdings Limited（「Placita」）21.0%權益。

根據該協議，6,055,440股普通股代表本集團持有餘下30.0%已發行之股本總數被重新分類為6,055,440股Placita之優先股（「優先股」）。

此外，本集團亦被授予優先股之認沽期權。

該優先股連同有關期權會於損益賬以公允值估量。

公允值已於去年末估值，及將於其後之每年年末由獨立專業估值公司重新評估。

於損益賬按公允值處理之金融資產之公允值變動會於合併利潤表記錄為其他收入。

有關優先股的於損益賬按公允值處理之金融資產公允值是根據貼現現金流，決定於對該投資的各項於不可觀察市場上取得的資料（不可觀察輸入），根據香港財務報告準則第13號的公允值的層級分類為第三級。

136 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)Trade receivables mainly comprise amounts due from franchisees, l icensees and retai l proceeds due from department stores. The Group normally allows a credit period of 30–90 days. The carrying amounts of trade and other receivables approximate their fair values.(a) Ageing analysisAgeing analysis from the invoice date net of loss allowance is as follows:16. TRADEANDOTHERRECEIVABLES16. 應收賬款及其他應收款（以百萬港元為單位） (In HK$ million) 20232022 應收賬款Trade receivables 234229減：虧損撥備Less: Loss allowance (37) (42) 應收賬款淨值Trade receivables, net 197187其他應收款，包括訂金及預付款項Other receivables, including deposits and prepayments 122203 應收賬款及其他應收款Trade and other receivables 319390 按金及其他應收款Deposits and other receivables 7473 應收賬款主要來自加盟商、授權經營商及百貨公司之零售收入。

本集團在正常情況下給予30至90日信貸期。

應收賬款及其他應收款之賬面值與其公允值相若。

(a) 賬齡分析從發票日計已扣除虧損撥備之賬齡分析如下：（以百萬港元為單位） (In HK$ million) 20232022 0至30日0 – 30 days 15314531至60日31 – 60 days 332661至90日61 – 90 days 36逾90日Over 90 days 810 197187 因本集團之顧客分散於世界各地，故有關應收賬款並無集中性之信貸風險。

There is no concentration of credit risk with respect to trade receivables as the Group has a large number of internationally dispersed customers.GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023137ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)16. TRADEANDOTHERRECEIVABLES (continued)(b) Loss allowance of trade receivablesLoss allowance in respect of trade receivables is recorded using an al lowance account unless the Group is satisfied that recovery of the amount is remote, in which case the loss allowance is written off against trade receivables directly.The movement in the allowance for doubtful debts during the year, including both specific and collective loss components, is as follows:16. 應收賬款及其他應收款（續）(b) 應收賬款的虧損撥備應收賬款的虧損撥備，乃以撥備賬戶入賬，除非本集團認為收回賬款的機會極微，在此情況下，虧損撥備將直接在應收賬款中撇銷。

本年內壞賬撥備之變動（包括特定及整體虧損部分）如下：（以百萬港元為單位） (In HK$ million) 20232022 於1月1日At January 14245換算差額Translation difference (1) (1)虧損撥備撥回Reversal of provision for loss allowance (6) (7)本年撥備Provision for the year 25出售一附屬公司時轉出Disposal of a subsidiary – –抵銷應收賬款Written off against trade receivables – – 於12月31日At December 313742 個別應收賬款之虧損撥備涉及出現財政困難的客戶，經管理層評估預期只可收回部份應收賬款，因此確認為特定壞賬撥備。

本集團就欠款持有約700萬港元（2022年：700萬港元）抵押品。

本集團採用香港財務報告準則第9號簡化法計量預期信用損失，該方法就所有應收賬款採用全期預期損失撥備。

為計量預期信用損失，應收賬款根據共同信用風險特色及逾期日數進行分組。

預期損失率是以過往損失率為基準，該比率已調整以反映影響客戶償還應收款項能力的宏觀經濟因素的當前及前瞻性資訊。

The i nd i v idua l l y assessed l oss a l l owance fo r receivables relate to customers that are in financial diff iculties and management assesses that only a portion of the receivables is expected to be recovered. Consequent ly , speci f ic a l lowances for doubtfu l debts were recognized. The Group holds a collateral amounted approximately of HK$7 million (2022: HK$7 million) over the balances.The Group applies the HKFRS 9 simplified approach to measure ECL which uses a lifetime expected loss allowance for all trade receivables. To measure the ECL, trade receivables have been grouped based on shared credit risk characteristics and the days past due. The expected loss rates are based on the historical loss rates as adjusted to reflect current and forward-looking information on macroeconomic factors affecting the ability of the customers to settle the receivables.138 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)16. 應收賬款及其他應收款（續）(b) 應收賬款的虧損撥備（續）（以百萬港元為單位） (In HK$ million)加權平均全期預期信貸虧損比率Weighted average lifetime expected credit loss rate帳面總值Gross carrying amount全期預期信貸虧損Lifetime expected credit loss帳面淨值Net carrying amount 於2023年12月31日At December 31,2023未逾期Not yet due 0% 169 – 169逾期1至30日1 to 30 days past due 0% 11 – 11逾期31至60日31 to 60 days past due 0% 3 – 3逾期61至90日61 to 90 days past due 0% 3 – 3逾90日Over 90 days past due 77% 48 (37) 11 234 (37) 197 （以百萬港元為單位） (In HK$ million)加權平均全期預期信貸虧損比率Weighted average lifetime expected credit loss rate帳面總值Gross carrying amount全期預期信貸虧損Lifetime expected credit loss帳面淨值Net carrying amount 於2022年12月31日At December 31,2022未逾期Not yet due 0% 157 – 157逾期1至30日1 to 30 days past due 0% 12 – 12逾期31至60日31 to 60 days past due 0% 5 – 5逾期61至90日61 to 90 days past due 0% 6 – 6逾90日Over 90 days past due 86% 49 (42) 7 229 (42) 187 (c) 於2023年12月31日，包括在流動其他應收款項中的有抵押及利息應收款為3,600萬港元萬港元。

16. TRADEANDOTHERRECEIVABLES (continued)(b) Loss allowance of trade receivables (continued)(c) As at December 31,2022, included in current other receivables was an interest bearing and secured receivables of HK$36 million.GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023139ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)In 2022, the Group has changed the estimate of inventory provision on off-season finished goods based on recent market conditions, the change in the estimate has an effect of HK$ 14 million reduction of inventory provision.The cost of inventories recognized as expense and included in cost of goods sold amounted to HK$1,607 million (2022: HK$1,657 million).18. RENTALPREPAYMENTS17. INVENTORIES17. 存貨（以百萬港元為單位） (In HK$ million) 20232022 製成品Finished goods 474612 於2022年，本集團根據近期市場情況對非當季製成品存貨撥備的估計進行了調整，該估計變更影響存貨撥備減少1,400萬港元。

存貨值已確認為費用並記賬在銷售成本中為16.07億港元（2022年：16.57億港元）。

18. 租金預付款項（以百萬港元為單位） (In HK$ million) 20232022 於1月1日之賬面淨值Net book value at January 143添置Additions 49出售Disposal (4) (7)本年度攤銷Amortization for the year (1) (1) 於12月31日之賬面淨值Net book value at December 3134 19. 於其他綜合收益按公允值處理之金融資產（以百萬港元為單位） (In HK$ million) 20232022 於1月1日之期初之公允值Opening fair value at January 134公允值之變動轉入於其他綜合收益按公允值處理之金融資產儲備Change in fair value transferred to financial asset at FVOCI reserve (2) (1) 於12月31日之期末公允值Closing fair value at December 3113 19. FINANCIALASSETATFAIRVALUETHROUGH OTHERCOMPREHENSIVEINCOME140 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)* A joint venture held indirectly19. FINANCIALASSETATFAIRVALUETHROUGH OTHERCOMPREHENSIVEINCOME (continued)Financial asset at FVOCI represented 2.96% (2022: 3.21%) interests in Speedy Global Holdings Limited (“Speedy”) are denominated in Hong Kong dollars. Speedy is engaged in garment manufacturing business and is one of the key suppliers of the Group.As at December 31,2023, the fair value of the financial asset at FVOCI is determined using its quoted price on the Stock Exchange, which is categorized as Level 1 under the fair value hierarchy pursuant to HKFRS 13.20. INTERESTINAJOINTVENTUREThe joint venture listed below has share capital consisting solely of ordinary shares, particulars of the unlisted joint venture is as follows:19. 於其他綜合收益按公允值處理之金融資產（續）於2023年12月31日，於其他綜合收益按公允值處理之金融資產指於迅捷環球控股有限公司（「迅捷環球」）2.96%（2022年：3.21%）之權益。

該資產是以港元計值。

迅捷環球從事成衣製造業務，是本集團的主要供應商之一。

於2023年12月31日，於其他綜合收益按公允值處理之金融資產之公允值是根據聯交所所載之股價釐定，根據香港財務報告準則第13號之公允值層級分類為第一級。

20. 一間合營公司權益下文載列之合營公司之股本全為普通股股份，非上市合營公司之資料如下：合營公司名稱Name of joint venture成立及經營地點Place of incorporation and operation持有股份百分比率Percentage of equity holding已發行及全數繳足股本或註冊資本Issued and fully paid share capital or registered capital主要業務Principal activities20232022 Giordano Corporation Limited*大韓民國48.548.55,150,000,000韓圜經營零售服裝及配襯用品Republic of Korea KRW5,150,000,000 Retail of apparel and accessories*一間間接持有之合營公司（以百萬港元為單位） (In HK$ million) 20232022 於1月1日At January 1490513應佔溢利Share of profit 4536已收一間合營公司股息Dividends received from a joint venture (28) (32)換算差額Translation difference (13) (27) 於12月31日At December 31494490 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023141ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)Summarized statement of comprehensive income20. INTERESTINAJOINTVENTURE (continued)Summarized financial information for joint ventureSet out below is the summarized financial information for a joint venture.Summarized balance sheet20. 一間合營公司權益（續）合營公司之財務資料摘錄下文載列一間合營公司之財務資料摘錄。

資產負責表摘錄（以百萬港元為單位） (In HK$ million) 20232022 流動Current現金及現金等值結存Cash and cash equivalents 71104其他流動資產Other current assets 591676 流動資產總額Total current assets 662780 其他流動負債Other current liabilities (127) (149) 流動負債總額Total current liabilities (127) (149) 非流動Non-current資產Assets 518462負債Liabilities (35) (85) 資產淨值Net assets 1,0181,008 綜合收益表摘錄（以百萬港元為單位） (In HK$ million) 20232022 收益Revenue 1,0141,158折舊及攤銷Depreciation and amortization (96) (99)費用Expense (798) (960) 除所得稅前溢利Profit before income taxes 12099所得稅Income taxes (26) (24) 除所得稅後溢利Profit after income taxes 9475其他綜合虧損Other comprehensive loss (26) (57) 總綜合收益Total comprehensive income 6818 142 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)There are no material contingent l iabil it ies and capital commitments relating to the Group’s interest in a joint venture, and the joint venture have no contingent liabilities and capital commitments themselves.20. INTERESTINAJOINTVENTURE (continued)Reconciliation of summarized financial informationReconcil iation of the summarized financial information presented to the carrying amount of the interest in a joint venture.20. 一間合營公司權益（續）財務資料摘錄調節表一間合營公司賬面價值之財務資料摘錄調節表。

（以百萬港元為單位） (In HK$ million) 20232022 1月1日資產淨值Opening net assets at January 11,0081,056本年度溢利Profit for the year 9475股息Dividends (58) (66)換算差額Translation difference (26) (57) 12月31日資產淨值Closing net assets at December 311,0181,008 應佔一間合營公司權益Share of interest in a joint venture 494490 租賃承擔Lease commitments – – 本集團所持有之一間合營公司之權益並沒有涉及任何或然負債及資本承擔，而該合營公司本身亦無重大或然負債及資本承擔。

GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023143ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)The fair value of the investment properties at December 31,2023 was assessed by an independent professional valuation firm. Valuation was based on income capitalization method which is based on the capitalization of the net income and reversionary income potential by adopting appropriate capitalization rates, which are derived from analysis of sale transactions and valuers’ interpretation of prevailing investor requirements or expectations. The prevail ing market rents adopted in the valuation have reference to recent lettings, within the subject properties and other comparable properties. The total fair value of the properties, including leasehold land and the building portion, was HK$28 million (2022: HK$31 million) as at December 31,2023. In the consolidated income statement, rental income relating to investment properties of HK$4.3 million (2022: HK$3.2 million) was included.21. INVESTMENTPROPERTIESThe Group had properties which held for long-term rental yields.21. 投資物業本集團持有物業作長期收租。

（以百萬港元為單位） (In HK$ million) 20232022 成本值Cost於1月1日At January 16166換算差額Translation difference (2) (5) 於12月31日At December 315961 累積折舊Accumulated depreciation於1月1日At January 14344換算差額Translation difference (1) (3)折舊Depreciation 12 於12月31日At December 314343 於12月31日之賬面淨值Net book value at December 311618 該投資物業於2023年12月31日之公允值由獨立專業之估值公司評估。

估值乃根據收益資本化方法，透過利用從分析銷售交易及估值師對現行投資者的需求和期望而得出的合適資本化比率，對淨收入及發展潛力予以資本化。

估值所採用的現行市場租金已參考有關物業和其他可類比的物業近期的租務狀況。

於2023年12月31日，該物業（包括租賃土地及樓宇部分）之總公允值為2,800萬港元（2022年：3,100萬港元）。

在合併利潤表中已包括投資物業之租金收入為430萬港元（2022年：320萬港元）。

144 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)The fair value of the investment properties was based on inputs that are not based on observable market data (unobservable inputs), which is categorized as Level 3 under the fair value hierarchy pursuant to HKFRS 13.21. INVESTMENTPROPERTIES (continued)In estimating the fair value of the properties, the highest and best use of the properties is their current use.The above investment properties are depreciated on a straight-line basis at the following rates per annum:Leasehold Land Over the term of the leaseBuildings Over the shorter of the term of the lease or no more than 50 years.The net book value of the investment properties is analyzed as follows:21. 投資物業（續）於估計物業之公允值時，以物業之最高及最佳用途作為其現時用途。

上述投資物業按直線法按以下年率折舊：租賃土地租賃期限樓宇租賃期限或不多於50年（以較短者為準）投資物業之賬面淨值分析如下：（以百萬港元為單位） (In HK$ millions) 20232022 在香港以外持有10年至50年租約Outside Hong Kong, held on lease of between 10 and 50 years 1618 投資物業的公允值所根據的數據乃基於不可觀察市場上取得的資料（不可觀察輸入），根據香港財務報告準則第13號的公允值的層級分類為第三級。

GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023145ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)22. PROPERTY, PLANTANDEQUIPMENT22. 物業、機器及設備（以百萬港元為單位） (In HK$ million)永久業權之土地及樓宇Freehold land &buildings樓宇Buildings機器及設備Plant & equipment租賃物業裝修、傢俬及辦公室設備Leasehold improvements, furniture & office equipment汽車Motor vehicles合計Total 成本值Cost於2023年1月1日At January 1,2023541251980171,114換算差額Translation difference – – – (8) – (8)添置Additions – 7 – 79187出售Disposals – – (1) (48) (3) (52) 於2023年12月31日At December 31,20235419501,003151,141 累積折舊及減值Accumulated depreciation and impairment於2023年1月1日At January 1,20231655089614981換算差額Translation difference – – – (7) – (7)本年度折舊Depreciation charge for the year – – – 50252出售Disposals – – (1) (47) (3) (51) 於2023年12月31日At December 31,20231654989213975 於2023年12月31日之賬面淨值Net book value at December 31,2023381411112166 146 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)22. PROPERTY, PLANTANDEQUIPMENT (continued)22. 物業、機器及設備（續）（以百萬港元為單位） (In HK$ million)永久業權之土地及樓宇Freehold land &buildings樓宇Buildings機器及設備Plant & equipment租賃物業裝修、傢俬及辦公室設備Leasehold improvements, furniture & office equipment汽車Motor vehicles合計Total 成本值Cost於2022年1月1日At January 1,20225912511,044171,183換算差額Translation difference (5) – (1) (51) – (57)添置Additions – – 163266出售Disposals – – – (76) (2) (78) 於2022年12月31日At December 31,2022541251980171,114 累積折舊及減值Accumulated depreciation and impairment於2022年1月1日At January 1,202218550977141,064換算差額Translation difference (2) – (1) (47) (1) (51)減值Impairment – – – – – –本年度折舊Depreciation charge for the year – – 142245出售Disposals – – – (76) (1) (77) 於2022年12月31日At December 31,20221655089614981 於2022年12月31日之賬面淨值Net book value at December 31,20223871843133 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023147ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)23. RIGHT-OF-USEASSETSANDLEASELIABILITIESThe balance sheet shows the following amounts relating to leases:23. 使用權資產及租賃負債資產負債表呈列以下對租賃相關的金額：使用權資產：Right-of-use assets（以百萬港元為單位） (In HK$ million) 20232022 成本值Cost於1月1日At January 12,1551,989換算差額Translation difference (5) (64)增加Additions 162137租賃修改Lease modifications 323286出售Disposals (134) (193) 於12月31日At December 312,5012,155 累積折舊及減值Accumulated depreciation and impairment於1月1日At January 11,4651,303換算差額Translation difference (4) (39)減值Impairment – 3減值沖銷Reversal of impairment – (2)本年度折舊Depreciation charge for the year 412393出售Disposals (134) (193) 於12月31日At December 311,7391,465 於12月31日之賬面淨值Net book value at December 31762690 20232022 租賃負債：Lease liabilities:流動Current 329326非流動Non-current 337287 666613 租賃的現金流出總額為6.74億港元（2022年：6.65億港元）。

The total cash outflow for leases was HK$674 million (2022: HK$665 million).148 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)23. 使用權資產及租賃負債（續）本集團租賃各種物業，包括辦公室、租賃土地、倉庫和零售商鋪。

租賃合同一般固定為1年至50年。

租賃條款是根據個別情況協商確定的，當中包含不同的條款和條件。

除了出租人持有的租賃資產中的擔保權益外，租賃協議不施加任何其他條款。

租賃資產不得用作借貸擔保。

部分物業租賃包含與門市所產生銷售額掛勾之可變付款條款。

對於個別門市，最高可為100%的租賃付款是基於可變租賃付款條款釐定，百分比範圍為銷售額的7.0%-27.5%（ 2022年：10.0%-27.5%）。

使用可變付款條款的原因有多種，包括可減低新設門市的固定成本。

根據銷售額釐定的可變租賃付款，若符合該等付款條件將於期內在損益賬予以確認。

本集團的多項物業租賃包含延期及終止選擇權。

該等條款乃用於盡量提高管理本集團資產方面的經營靈活性。

所持有的大部份延期及終止選擇權僅可由本集團行使，而不得由有關出租人行使。

23. RIGHT-OF-USEASSETSANDLEASELIABILITIES (continued)The Group leases various properties, including offices, leasehold land, warehouses and retai l stores. Rental contracts are made for periods of 1 to 50 years.Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. The lease agreements do not impose any covenants other than the security interests in the leased assets that are held by the lessor. Leased assets may not be used as security for borrowing purposes.Some property leases contain variable payment terms that are linked to sales generated from a store. For individual stores, up to 100% of lease payments are on the basis of variable payment terms with percentages ranging from 7.0% to 27.5% (2022: 10.0% to 27.5%) of sales. Variable payment terms are used for a variety of reasons, including minimizing the f ixed costs base for newly established stores. Variable lease payments that depend on sales are recognized in profit or loss in the period in which the condition that triggers those payments occurs.Extension and termination options are included in a number of property leases across the Group. These are used to maximize operational flexibility in terms of managing the assets used in the Group’s operations. The majority of extension and termination options held are exercisable only by the Group and not by the respective lessor.GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023149ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)Impairment test for goodwillThe Gulf Cooperation Council ("GCC") goodwill has been allocated to GCC operating segment, which represents the lowest level at which goodwill is monitored internally. The recoverable amount of the group of CGUs is determined based on fair value less costs of disposal, using inputs for the fair value estimation that may include unobservable market data (Level 3 – see Note 3(c)). These calculations use post-tax cash flow projections based on financial budgets approved by management covering a five-year period. Management determines the financial budgets of GCC business based on past performance and its expectations of market development. The weighted average annual sales growth rate in the forecast period is estimated to be 3.9% (2022: 6.5%). Cash flows beyond the five-year period are extrapolated using the estimated terminal growth rate of 3% (2022: 3%) per annum. The post-tax discount rate used is 11.9% (2022: 13.9%) which reflect specific risks relating to the current market assessment of risks specific to such assets.The Di rectors are of the op in ion that there was no impairment of GCC goodwill as at December 31,2023 and 2022.The Group has performed a sensitivity analysis on key assumptions used for the annual impairment test for the GCC goodwill. There would be sufficient headroom if the CGUs’ forecasted annual sales growth rate had been lower by 1.0 percentage point or the post-tax discount rate had been higher by 1.0 percentage point, with all changes taken in isolation.24. 商譽（以百萬港元為單位） (In HK$ million) 20232022 於1月1日At January 1541541減值Impairment – – 於12月31日At December 31541541 商譽減值測試海灣阿拉伯國家合作委員會地區的商譽已分配至海灣阿拉伯國家合作委員會營運分部，乃指在主體內商譽被監控作內部管理用途的最底層次商譽。

現金產生單元之組別之可收回金額乃按使用公允值減出售成本計算，所使用作公允價值估計的輸入可能包括非可觀察的市場數據（第三級—見附註3(c)）。

該項計算方法以管理層批准之5年財務預算以計算稅後現金流量。

管理層根據過往海灣阿拉伯國家合作委員會業務及其對市場發展之預期來釐定預算。

於海灣阿拉伯國家合作委員會，在預估期間，預估加權平均年銷售增長率3.9%（2022年：6.5%）。

5年期間以後之現金流量，按估計終端增長率每年3%（2022年：3%）估算。

所使用之稅後貼現率為11.9%（2022年：13.9%），已反映有關經營分部之特定風險。

董事認為於2023年及2022年12月31日海灣阿拉伯國家合作委員會地區並無商譽減值。

本集團履行對商譽年度減值測試的關鍵假設進行敏感性分析。

假若現金產生單元的預估年銷售增長率降低1.0個百分點或稅後貼現率提高1.0個百分點，並且以上改變單獨發生，則有足夠的空間。

24. GOODWILL150 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)(a) Issue of sharesPursuant to the share opt ion schemes o f the Company, the Company issued 34,000,000 (2022: 2,480,000) new ordinary shares of HK$0.05 each in the capital of the Company to option-holders who exercised their rights attached to share options during the year. Movements in the number of the outstanding share options during the year is set out on pages 169 to 175 under the heading “SHAREOPTION SCHEMES” of this annual report.All the new ordinary shares issued by the Company ranked pari passu with the then existing shares of the Company in all respects.25. 股本股份數目股本（除股份數目外，以百萬港元為單位）(In HK$ million, except number of shares)Number of sharesShare capital 法定每股面值5港仙之普通股：Authorized ordinary shares of HK$0.05 each:於2022年1月1日、2022年12月31日、2023年1月1日及2023年12月31日At January 1,2022, December 31,2022, January 1,2023, December 31,20232,000,000,000100 已發行及全數繳足：Issued and fully paid:於2022年1月1日At January 1,20221,578,936,51879因行使股權而發行之股份Issue of shares pursuant to exercise of share options 2,480,000年內購回及註銷之股份Share repurchased and cancelled during the year (1,600,000) – 於2022年12月31日及2023年1月1日At December 31,2022 and January 1,20231,579,816,51879因行使股權而發行之股份Issue of shares pursuant to exercise of share options 34,000,0002年內註銷之股份Share cancelled during the year (400,000) – 於2023年12月31日At December 31,20231,613,416,51881 (a) 發行股份根據本公司之購股權計劃，本公司已向購股權持有人（已於年內行使其購股權之權利）發行34,000,000股（2022年：2,480,000股）新普通股，每股面值5港仙。

年內未獲行使之購股權數目變動載於本年報第169頁至175頁標題為「購股權計劃」內。

本公司發行之所有新普通股與本公司當時之現有股份在各方面均享有同等權益。

25. SHARECAPITALGIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023151ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)25. SHARECAPITAL (continued)(b) Share option informationSummary of the “SHAREOPTIONSCHEMES” and detai ls of the movement in share options of the Company during the year are set out on pages 169 to 175 of this annual report.(c) Repurchase and cancellation of sharesDuring the year ended December 31,2023, the Company did not repurchase its ordinary shares on the Stock Exchange.During the year ended December 31,2022, pursuant to the general mandate granted by the shareholders of the Company to the Board, the Company repurchased a total of 2,000,000 of its ordinary shares on the Stock Exchange at a total consideration of HK$3.0 million, in which 1,600,000 repurchased shares were subsequently cancelled and the issued share capital of the Company was reduced by the nominal value of the cancelled shares accordingly. The remaining 400,000 repurchased shares were recognized as treasury shares at December 31,2022 and were subsequently cancelled in January 2023. The premium paid and payable on repurchase was charged against the retained profits of the Company. An amount equivalent to the nominal value of the shares cancelled was transferred from retained profits to the capital redemption reserve.(d) Shares held by a joint ventureAs at December 31,2023,1,800,000 ordinary shares (2022: 1,800,000 ordinary shares) were held by a joint venture.25. 股本（續）(b) 購股權資料「購股權計劃」之摘要及本公司購股權於本年度內之變動詳情載於本年報第169頁至175頁。

(c) 購回及註銷股份截至2023年12月31日止年度，本公司沒有於聯交所購回其普通股股份。

截至2022年12月31日止年度，根據本公司股東向董事會授出的一般授權，本公司已於聯交所購回合共2,000,000股本公司普通股股份，總代價為300萬港元，其中1,600,000股已購回股份其後已註銷及本公司已發行股本已按該等股份之面值削減。

剩餘400,0000股已購回股份於2022年12月31日確認為庫存股，並其後於2023年1月註銷。

就購回已付及應付之溢價已計入本公司之滾存溢利。

相同於已註銷股份面值之款額已由滾存溢利轉撥至資本贖回儲備。

(d) 一間合營公司所持有的股份於2023年12月31日，一間合營公司持有本公司1,800,000普通股股份（ 2022年：1,800,000普通股股份）。

152 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)26. 重大非控制性權益截至2023年12月31止之非控股權益總額為1.23億港元（2022年：2.05億港元），其中PT. Giordano Indonesia （「Giordano Indonesia 」）佔1.34億港元（ 2022年：1.81億港元），而Textile and Garments Co. Ltd. （「Giordano KSA」）佔1,700萬港元（2022年：1,700萬港元）。

其他公司之非控股權益不重大。

資產負債表摘錄Giordano Indonesia Giordano KSA（以百萬港元為單位） (In HK$ million) 2023202220232022 流動Current資產Assets 278399106107負債Liabilities (131) (125) (62) (66) 流動淨資產總額Total current net assets 1472744441 非流動Non-current資產Assets 2221696569負債Liabilities (75) (62) (4) (7) 非流動淨資產總額Total non-current net assets 1471076162 淨資產總額Total net assets 294381105103 26. MATERIALNON-CONTROLLINGINTERESTThe total non-controlling interests as at December 31, 2023 are HK$123 million (2022: HK$205 million), of which HK$134 million (2022: HK$181 million) is for PT. Giordano Indonesia (“Giordano Indonesia”) and HK$17 mi l l ion (2022: HK$17 million) is for Textile and Garments Co. Ltd. (“Giordano KSA”). The non-controlling interests in respect of the rest of the companies are not material.Summarized balance sheetGIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023153ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)Summarized cash flows26. 重大非控制性權益（續）綜合收益表摘錄Giordano Indonesia Giordano KSA（以百萬港元為單位） (In HK$ million) 2023202220232022 收入Revenue 739696293283除所得稅前溢利Profit before income taxes 1451362322所得稅Income taxes (34) (30) (4) (4) 除所得稅後溢利Profit after income taxes 1111061918其他綜合收益（虧損） Other comprehensive income (loss) 3 (32) – – 總綜合收益Total comprehensive income 114741918 非控制性權益總綜合收益Total comprehensive income allocated to non-controlling interests 463554非控制性權益已付股息Dividends paid to non-controlling interests 66 – 52 現金流量表摘錄Giordano Indonesia Giordano KSA（以百萬港元為單位） (In HK$ million) 2023202220232022 經營業務之現金流入淨額Net cash inflow from operating activities 1601668982投資業務之現金流出淨額Net cash outflow from investing activities (87) (129) (8) (11)融資業務之現金流出淨額Net cash outflow from financing activities (203) (2) (77) (65) 現金及現金等值之減少Decrease in cash and cash equivalents (130) 3546於1月1日之現金及現金等值結存Cash and cash equivalents at January 11561325549外幣匯率變動之影響Effect of foreign exchange rate changes 2 (11) – – 於12月31日之現金及現金等值結存Cash and cash equivalents at December 31281565955 上述資料為未計集團公司之間對銷前的金額。

26. MATERIALNON-CONTROLLINGINTEREST (continued)Summarized statement of comprehensive incomeThe information above is the amount before inter-company eliminations.154 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)27. 公司資產負債表及權益變動表公司資產負債表（以百萬港元為單位） (In HK$ million) 20232022 資產ASSETS流動資產Current assets現金及銀行結存Cash and bank balances 2550應收賬款及其他應收款Trade and other receivables 33應收所得稅Income tax receivable – 1應收附屬公司款項Amounts due from subsidiaries 2,1601,926 2,1881,980 非流動資產Non-current assets於損益賬按公允值處理之金融資產Financial asset at fair value through profit or loss 2828使用權資產Right-of-use assets 8187應收附屬公司款項Amounts due from subsidiaries 155155附屬公司權益Interest in subsidiaries 816816 1,0801,086 資產總額Total assets 3,2683,066 負債及權益LIABILITIESANDEQUITY流動負債Current liabilities應付賬款及其他應付款Trade and other payables 96應付附屬公司款項Amounts due to subsidiaries 1,4581,550 負債總額Total liabilities 1,4671,556 股本及儲備Capital and reserves股本Share capital 8179儲備Reserves 1,5021,194擬派股息Proposed dividends 218237 權益總額Total equity 1,8011,510 權益及負債總額Total equity and liabilities 3,2683,066 淨流動資產Net current assets 721424 資產總額減流動負債Total assets less current liabilities 1,8011,510 陳嘉緯羅學文CHANKa Wai Mark Alan LOYND董事董事Director Director27. BALANCESHEETANDEQUITYMOVEMENTSOF THECOMPANYBalance sheet of the CompanyGIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023155ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)The comparative figures for 2022 are set out as follows:27. 公司資產負債表及權益變動表（續）公司權益變動表（以百萬港元為單位） (In HK$ million)股本Share capital繳入盈餘Contributed surplus資本贖回儲備Capital redemption reserve股份溢價Share premium購股權儲備Share options reserve滾存溢利（累計虧損）Retained profits (Accumulated losses)權益總額Total equity 於2023年1月1日At January 1,202379540398322 (117) 1,510 本年度溢利Profit for the year – – – – – 758758 總綜合收益Total comprehensive income – – – – – 758758 儲備間撥轉Transfer among reserves – – – – (6) 6 –購股權計劃Share option scheme－因行使購股權而發行之股份– Share issue upon exercise of share options 2 – – 45 – – 472022年末期股息（附註13(b)） 2022 final dividend (Note 13(b)) – – – – – (240) (240)2023年中期股息（附註13(a)） 2023 interim dividend (Note 13(a)) – – – – – (274) (274) 2 – – 45 (6) (508) (467) 於2023年12月31日At December 31,20238154031,028161331,801 2022年之比較數字如下：（以百萬港元為單位） (In HK$ million)股本Share capital繳入盈餘Contributed surplus資本贖回儲備Capital redemption reserve股份溢價Share premium購股權儲備Share options reserve滾存溢利（累計虧損）Retained profits (Accumulated losses)權益總額Total equity 於2022年1月1日At January 1,202279540398024 (7) 1,619 本年度溢利Profit for the year – – – – – 183183 總綜合收益Total comprehensive income – – – – – 183183 儲備間撥轉Transfer among reserves – – – – (2) 2 –購股權計劃Share option scheme－因行使購股權而發行之股份– Share issue upon exercise of share options – – – 3 – – 32021年末期股息（附註13(b)） 2021 final dividend (Note 13(b)) – – – – – (158) (158)2022年中期股息（附註13(a)） 2022 interim dividend (Note 13(a)) – – – – – (134) (134)購回之股份（附註25(c)） Share repurchased (Note 25(c)) – – – – – (3) (3) – – – 3 (2) (293) (292) 於2022年12月31日At December 31,202279540398322 (117) 1,510 27. BALANCESHEETANDEQUITYMOVEMENTSOF THECOMPANY (continued)Equity movements of the Company156 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)28. RESERVESThe reserves of the Group as at December 31,2023 and 2022 are analyzed as follows:28. 儲備於2023年及2022年12月31日，本集團之儲備分析如下：（以百萬港元為單位） (In HK$ million) 20232022 繳入盈餘Contributed surplus 383383資本贖回儲備Capital redemption reserve 33股份溢價Share premium 1,028983購股權儲備Share options reserve 1622匯兌儲備Exchange reserve (94) (84)其他儲備Other reserves 124118於其他綜合收益按公允值處理之金融資產儲備Financial asset at fair value through other comprehensive income reserve (7) (6)滾存溢利Retained profits 655819 2,1082,238 擬派末期股息（附註13(a)） Proposed final dividends (Note 13(a)) (218) (237) 儲備總額Total reserves 1,8902,001 本集團之繳入盈餘乃指因集團重組而產生之進賬額，而集團重組乃根據於1995年5月29日完成之協議計劃而進行。

根據百慕達1981年公司法（經修訂），繳入盈餘可分派予股東。

其他儲備之主要項目詳情如下：(a)根據中國大陸有關法律及財務法規，中國大陸之附屬公司之法定儲備基金可用於彌補往年虧損（如有）及用以增加該等附屬公司之資本額。

(b)根據韓國稅務獎勵限制法例及韓國商業準則，大韓民國之合營公司之法定儲備基金及其他儲備只可以用作抵銷未來虧損或轉作資本，而不可用作現金股息派發。

(c)根據阿聯酋商業公司法例，阿聯酋之附屬公司之法定儲備基金，除聯邦法規定外，不可作分配之用。

(d)授出認沽期權之確認財務負債8,100萬港元（2022年：8,100萬港元）（附註31）。

The contributed surplus of the Group represents a credit arising from a group reorganization pursuant to a scheme of arrangement which was completed on May 29,1995. Under the Companies Act 1981 of Bermuda (as amended), the contributed surplus is distributable to the shareholders.Details of the main items in other reserves are as follows:(a) Acco rd i ng to t he r e l e van t l aws and f i nanc i a l regu lat ions, the statutory reserve funds of the subsidiaries in Mainland China are used to make up prior years’ losses, if any, and to increase the capital of the subsidiaries.(b) In accordance with the Korean Tax Incentive Limitation Law and Korean Commercial Code, the statutory reserve fund and other reserves of the joint venture in the Republic of Korea may only be used to offset a future deficit or be transferred to capital stock, but not for cash dividends.(c) According to the UAECommercial Companies Law, the statutory reserve fund of the subsidiary in the UAE is not available for distribution except as provided in the Federal Law.(d) Put option financial l iabil ity recognized of HK$81 million (2022: HK$81 million) (Note 31).GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023157ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)The Group's bank loans are denominated in the following currencies:29. 銀行貸款（以百萬港元為單位） (In HK$ million) 20232022 銀行貸款包括以下各項：Bank loans comprise the following:短期，有抵押Short-term, secured 57短期，無抵押Short-term, unsecured 255 3012 銀行貸款須於下列期間償還：The bank loans are repayable as follows:即期或一年內On demand or within one year 3012 本集團之銀行貸款以下列貨幣計值：（以百萬港元為單位） (In HK$ million) 20232022 －新台幣– New Taiwan dollar 255－越南盾– Vietnamese Dong 57 3012 於2023年12月31日，本集團之銀行貸款的實際利率為3.3%（2022年：1.3%）。

銀行貸款的浮動利率取決於市場。

銀行貸款500萬港元（2022年：700萬港元）以非全資附屬公司的一名非控股股東的物業作抵押。

於2022年12月31日，附屬公司取得的無抵押銀行貸款乃以本公司提供的公司擔保為抵押。

銀行貸款的賬面值與其公允值相若。

29. BANKLOANSThe effective interest rate of the Group’s bank loans as at December 31,2023 was 3.3% (2022: 1.3%). The bank loans bear interest at floating rate that are market dependent.The bank loan of HK$5 mill ion (2022: HK$7 mill ion) is secured by property of a non-controlling shareholder of non-wholly owned subsidiary.The unsecured bank loan as at December 31,2022 obtained by the subsidiaries are secured by the corporate guarantees provided by the Company.The carrying amounts of bank loans approximate to their fair values.158 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)The ageing analysis of trade payables from the invoice date is as follows:30. 應付賬款及其他應付款（以百萬港元為單位） (In HK$ million) 20232022 應付賬款Trade payables 199193其他應付款及應付費用Other payables and accrued expense 353362 552555 以下為從發票日計之應付賬款之賬齡分析：（以百萬港元為單位） (In HK$ million) 20232022 0至30日0 – 30 days 18516131至60日31 – 60 days 41261至90日61 – 90 days 48逾90日Over 90 days 612 199193 應付賬款及其他應付款之賬面值與其公允值相若。

30. TRADEANDOTHERPAYABLESThe car ry ing amounts o f t rade and other payab les approximate to their fair values.GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023159ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)31. 授出認沽期權負債於2012年，本集團就向Giordano UAE及Giordano KSA之非控股股東授出認沽期權，以供其出售於此等公司之餘下權益予本集團所產生的財務負債而確認負債約1.02億港元。

該授出認沽期權於本集團完成收購Giordano UAE及Giordano KSA之股份3年後隨時可行使，而且無到期日期。

該等財務負債初步按其攤銷成本確認，即估計贖回金額的現值。

授出認沽期權負債以美元（「美元」）計值及列為流動負債。

於2015年，本集團就向Giordano Fashions Co. W.L. L.（「Giordano KW 」）及GIOFashions W.L.L.（「Giordano QA」）之非控股股東授出認沽期權，以供其出售於此等公司之餘下權益予本集團所產生的財務負債而確認負債約1,900萬港元。

該授出認沽期權於本集團完成收購Giordano KW及Giordano QA之股份3年後隨時可行使，而且無到期日期。

該等財務負債初步按其攤銷成本確認，即估計贖回金額的現值。

授出認沽期權負債以美元計值及列為流動負債。

於2019年，本集團與Giordano UAE，Giordano KW及Giordano QA的非控股股東訂立協議，其行使認沽期權，以代價分別約2,100萬港元、1,100萬港元及500萬港元出售Giordano UAE的20%經濟權益、Giordano KW的31%的經濟權益及Giordano QA的41%的經濟權益。

而在進一步收購Giordano UAE、Giordano KW及Giordano QA經濟權益的同時，因所授出的認沽期權而確認的相關認沽期權負債已相應地失效。

該授出認沽期權贖回金額是以固定現金金額或根據貼現現金流的權益投資公允值之孰高而釐定，決定於對該投資的各項於不可觀察市場上取得的資料（不可觀察輸入），根據香港財務報告準則第13號之公允值的層級分類為第三級。

31. PUTOPTIONLIABILITIESIn 2012, the Group recognized f inancial l iabi l i t ies of approximately HK$102 million in relation to the financial liabilities arising from the put option granted to the non-controlling shareholders of Giordano UAE and Giordano KSA to sell their remaining interests in these companies to the Group. Such put option is exercisable any time after 3 years from completion of the Group’s acquisition of the shares in Giordano UAE and Giordano KSA and has no expiry date. Such financial liabilities are initially recognized at their amortized costs, which is measure at the present value of the estimated redemption amount. The put option liabilities are denominated in United States dollars (“US$”) and are classified under current liabilities.In 2015, the Group recognized f inancial l iabi l i t ies of approximately HK$19 million in relation to the financial liabilities arising from the put option granted to the non-controlling shareholders of Giordano Fashions Co. W.L.L. “(Giordano KW”) and GIOFashions W.L.L. “(Giordano QA”) to sell their remaining interests in these companies to the Group. Such put option is exercisable any time after 3 years from completion of the Group’s acquisition of the shares in Giordano KW and Giordano QA and has no expiry date. Such financial liabilities are initially recognized at their amortized cost, which is the present value of the estimated redemption amount. The put option liabilities are denominated in U.S. dollars and are classified under current liabilities.In 2019, the Group entered into agreements with the non-controlling shareholder of Giordano UAE, Giordano KW and Giordano QA who exercised the put option to sell 20% economic interests in Giordano UAE,31% economic interest in Giordano KW and 41% economic interest in Giordano QA at considerations of approximately HK$21 million, HK$11 million and HK$5 million respectively. The associated put option liabilities recognized arising from the put option granted had been lapsed accordingly at the time of further acquisition of Giordano UAE, Giordano KW and Giordano QA economic interest.The redemption amount of the put option l iabil it ies is determined at higher of fixed amount of cash or fair value of the equity investment based on discounted cash flows, using inputs that are not based on observable market data (unobservable inputs), which is categorized as Level 3 under the fair value hierarchy pursuant to HKFRS 13.160 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)The Group has unrecognized tax losses of HK$432 million (2022: HK$426 million). These unrecognized tax losses to the extent of HK$272 mill ion (2022: HK$262 million) will expire within 5 years from December 31,2023. The remaining portion is mainly related to the losses of subsidiaries in Australia and Germany which have no expiry date.32. 遞延稅項負債遞延稅項負債採用負債法就短暫性差異按適用於各司法權區之稅率而作全數撥備。

本集團於年內之遞延稅項資產及負債之變動（在同一徵稅地區之結餘抵銷前）如下：遞延稅項（資產）負債（以百萬港元為單位） (In HK$ million)使用權資產Right-of-useassets租賃負債Leaseliabilities加速會計折舊Accelerated accountingdepreciation未分派之滾存溢利Unremittedprofits其他Others合計Total 於2023年1月1日At January 1,2023101 (113) (2) 111 (40) 57換算差額Translation difference – – – (2) – (2)於利潤表中列支（抵免） （附註11）Charged (credited) to income statement (Note 11) 7 (7) 71917 於2023年12月31日At December 31,2023108 (120) 5110 (31) 72 於2022年1月1日At January 1,2022105 (119) (4) 116 (71) 27換算差額Translation difference – – – (6) – (6)於利潤表中（抵免）列支（附註11）(Credited) charged to income statement (Note 11) (4) 6213136 於2022年12月31日At December 31,2022101 (113) (2) 111 (40) 57 本集團有未確認稅損4.32億港元（2022年：4.26億港元）。

此等未確認稅損中2.72億港元（2022年：2.62億港元）將於2023年12月31日起5年內屆滿。

餘下部分主要由澳洲及德國附屬公司之無限期稅損引致。

32. DEFERREDTAXLIABILITIESDeferred tax liabilities are calculated in full on temporary differences under the liability method at the rates applicable in the respective jurisdictions.The movement in the Group’s deferred tax assets and liabilities (prior to offsetting of balances within the same taxation jurisdiction) during the year is as follows:Deferred tax (assets) liabilitiesGIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023161ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)33. LEASESCOMMITMENTS(a) As at December 31,2023, the Group had future aggregate minimum lease charges payable under non-cancellable leases in respect of retail shops, office premises and warehouses which were due within one year amounted to HK$10 million (2022: HK$14 million).The leases contracts have varying terms, escalation clauses and renewal r ights. The lease rentals of certain outlets are based on the higher of a minimum guaranteed rental or a sales level based rental. The minimum guaranteed rental has been used to arrive at the above commitments.(b) As at December 31,2023, the Group had future aggregate minimum lease income receivable under non-cancellable operating leases in respect of retail shops and office premises as set out below:32. DEFERREDTAXLIABILITIES (continued)Deferred tax assets and liabilities are offset when there is a legally enforceable right to set off current tax assets against current tax liabilities and when the deferred income taxes relate to the same fiscal authority. The following amounts, determined after appropriate offsetting, are shown in the consolidated balance sheet.32. 遞延稅項負債（續）在法定權利許可下，若遞延所得稅涉及同一財政機關，遞延稅項資產可與遞延稅項負債互相抵銷。

下列金額在計入適當抵銷後，於合併資產負債表內列賬。

（以百萬港元為單位） (In HK$ million) 20232022 遞延稅項資產Deferred tax assets (39) (55)遞延稅項負債Deferred tax liabilities 111112 7257 33. 租賃承擔(a)於2023年12月31日，本集團就零售店舖、辦公室及貨倉之不可於未來撤銷之租賃的最低應付租賃費用於一年內到期的金額為1,000萬港元（2022年：1,400萬港元）。

租賃合約包含不同種類條款，租金遞升協定及續租權。

若干門市之租賃租金乃根據最低保證租金或以銷售額計算之租金（以較高者為準）。

上述承擔乃按最低保證租金計算。

(b)於2023年12月31日，本集團就零售店舖及辦公室之不可於未來撤銷之經營租賃的最低應收租賃收入如下：（以百萬港元為單位） (In HK$ million) 20232022 1年內Within one year 671年後但5年內After one year but within five years 17 714 162 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)34. 資本承擔於2023年及2022年12月31日，本集團並無重大關於租賃物業裝修、傢俬及及辦公室設備之資本承擔。

35. 融資活動產生之負債對賬下表詳述本集團來自融資活動的負債變動，包括現金及非現金變動。

融資活動所產生的負債乃為現金流量所致，或未來現金流量將本集團綜合財務報表中分類為融資活動所產生的現金流量。

融資業務之負債Liabilities from financing activities（以百萬港元為單位） (In HK$ million)租賃負債Lease liabilities銀行貸款Bank loans 於2022年1月1日之結餘Balance as at January 1,2022637168償還銀行貸款Repayment of bank loans – (199)增加銀行貸款Addition of bank loans – 44租賃負債之本金部分付款Payment for principal element of lease liabilities (402) –租賃負債之本金部分付款（於經營業務內）Payment for interest element of lease liabilities in operating activities (25) –非現金變動Non-cash movements 403 (1) 於2022年12月31日之結餘Balance as at December 31, 202261312 償還銀行貸款Repayment of bank loans – (105)增加銀行貸款Addition of bank loans – 123租賃負債之本金部分付款Payment for principal element of lease liabilities (400) –租賃負債之本金部分付款（於經營業務內）Payment for interest element of lease liabilities (39) –非現金變動Non-cash movements 492 – 於2023年12月31日之結餘Balance as at December 31, 202366630 34. CAPITALCOMMITMENTAs at December 31,2023 and 2022, the Group had no material capital commitment in respect of leasehold improvement, furniture and fixtures.35. RECONCILIATIONOFLIABILITIESARISING FROMFINANCINGACTIVITIESThe table below shows details changes in the Group’s liabilities arising from financing activities, including both cash and non-cash changes. L iabi l i t ies ar is ing from financing activities are those for which cash flow were, or future cash f lows wi l l be classif ied in the Group’s consol idated statement of cash f lows from f inancing activities.GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023163ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)(b) Balances with related partyAmount due from a related party at December 31 is:36. MATERIALRELATEDPARTYTRANSACTIONSParties are considered to be related if one party has the abil ity, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Parties are also considered to be related if they are subject to common control or common significant influence.(a) Transactions with related partyDuring the year, certain subsidiaries traded with a joint venture in the ordinary and usual course of business on normal commercial terms. Details relating to these transactions are as follows:36. 重要關聯人士交易關聯人士指可直接或間接控制另一方，或在作出財務及營運決策時對另一方行使重大影響力之人士。

共同受他人控制或受他人重大影響力之人士亦視為有關聯人士。

(a) 與關聯人士之交易於本年度內，若干附屬公司按一般及日常業務過程與一間合營公司進行正常商業條款交易。

有關該等交易詳述如下：（以百萬港元為單位） (In HK$ million) 20232022 銷售予一間合營公司Sales to a joint venture 130185採購自一間合營公司Purchases from a joint venture 11特許權收入自一間合營公司Royalty income from a joint venture 2225 (b) 與關聯人士之結餘於12月31日應收關聯人士款項：（以百萬港元為單位） (In HK$ million) 20232022 應收一間合營公司款項Amount due from a joint venture 1011 於2023年及2022年12月31日，上述應收關聯人士款項已反映在應收賬款及其他應收款。

應收款項均為無抵押、免息及須於要求時還款。

As at December 31,2023 and 2022, the above amount due from a related party is reflected in trade and other receivables. The receivable is unsecured in nature, bear no interest and is repayable on demand.164 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)37. PLEDGEOFASSETSThe Group did not pledge any assets as of December 31, 2023 and 2022.38. CONTINGENCYAt the balance sheet date, contingent liabilities not provided for in the financial statement were as follows:36. 重要關聯人士交易關聯人士（續）(c) 主要管理層報酬所有執行董事均被視為主要管理層，彼等的酬金已於財務報表附註10內披露。

其他主要管理層應付的酬金如下：（以港幣千元為單位） (In HK$'000) 20232022 基本薪金及其他收益Basic salaries and other benefits 7,0498,173退休金計劃供款Contribution to pension schemes 121131業績計算╱酌情性花紅Performance-based/discretionary bonuses 5,8005,358 12,97013,662 37. 資產質押於2023年及2022年12月31日，本集團並無質押任何資產。

38. 或然事項於資產負債表日，以下或有負債未於財務報表中撥備：（以百萬港元為單位） (In HK$ million) 20232022 代替租用物業按金之銀行擔保Bank guarantees given in lieu of property rental deposits 1110 於報告期間結束日，董事並不認為有就任何該等擔保而可能向本公司提出之申索。

因此，並無於2023年及2022年12月31日就該等申索作出任何撥備。

36. MATERIALRELATEDPARTYTRANSACTIONS (continued)(c) Key management compensationE x e c u t i v e D i r e c t o r s a r e c o n s i d e r e d a s k e y management and the i r emoluments have been disclosed in Note 10 to the financial statements. The emoluments payable to other key management are as follows:As at the end of the reporting period, the directors do not consider it is probable that a claim will be made against the Company under any of the guarantees. No provision was therefore made in this respect at December 31,2023 and 2022.GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023165ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)39. TRANSACTIONWITHNON-CONTROLLING INTERESTSIn June 2023, the Group acquired the entire issued share capital of PTRetail Kreatif Amerta Internasional, whose sole material asset is its ownership of 14.80% in PTGiordano Indonesia (“GID”), a non-wholly owned subsidiary of the Group, for a total consideration of SG$1 million (equivalent to approximately HK$5.9 million). The Group’s effective shareholding in GID increased by 11.84% from 52.06% to 63.90% after the acquisition.As a result of the acquisition of an additional interest inGID, the Group recognized a decrease in non-controlling interests and receivables from the non-controlling interests, resulting in an increase in equity attributable to shareholders of the Company of HK$6 million.40. PRINCIPALSUBSIDIARIESThe following is a list of the principal subsidiaries of the Company as at December 31,2023:39. 與非控制性權益的交易本集團於2023年6月收購PTRetail Kreatif Amerta Internasional的全部已發行股份，其唯一重大資產為其持有一間本集團非全資擁有的附屬公司PT Giordano Indonesia（「GID」）的14.80% 權益，總代價為100萬新加坡元（折合約590萬港元）。

收購後，本集團對GID的有效持股比例由52.06%增加11.84%至63.90%。

由於收購GID的額外權益，本集團確認非控制性權益及非控制性權益應收款項減少，導致本公司股東應佔權益增加600萬港元。

40. 主要附屬公司本公司於2023年12月31日之主要附屬公司如下：附屬公司名稱Name of subsidiary成立地點Place of incorporation持有股份之實際百分率Effective percentage of equity holding已發行及全數繳足股本╱註冊資本╱份額資本Issued and fully paid share capital/registered capital/quota capital主要業務╱經營地區Principal activities/place of operation 20232022寶斯特有限公司*Bluestar Exchange Limited*香港Hong Kong1001003,000,000港元HK$3,000,000投資控股及提供公司顧問服務╱香港Investment holding and provision of company consultancy services/Hong KongEast Jean Limited*香港Hong Kong1001001,000,000港元HK$1,000,000經營零售服裝及配襯用品╱台灣Retail of apparel and accessories/Taiwan166 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)附屬公司名稱Name of subsidiary成立地點Place of incorporation持有股份之實際百分率Effective percentage of equity holding已發行及全數繳足股本╱註冊資本╱份額資本Issued and fully paid share capital/registered capital/quota capital主要業務╱經營地區Principal activities/place of operation 20232022GIOFashions W.L.L.*卡塔爾State of Qatar4949200,000卡塔爾里亞爾QAR200,000經營零售服裝及配襯用品╱卡塔爾Retail of apparel and accessories/State of QatarGIORFashion Company Limited*越南Vietnam606026,000,000,000越南盾VND$26,000,000,000經營零售服裝及配襯用品╱越南Retail of apparel and accessories/VietnamGiordano (Australia) Pty. Limited*澳洲Australia92.892.8700,000澳元AUD700,000經營零售服裝及配襯用品╱澳洲Retail of apparel and accessories/AustraliaGiordano Fashions L.L.C.*阿聯酋UAE1001003,000,000阿聯酋迪拉姆AED 3,000,000經營零售服裝及配襯用品╱阿聯酋Retail of apparel and accessories/UAEGiordano Fashions W.L.L.*科威特State of Kuwait4949300,000科威特第納爾KWD300,000經營零售服裝及配襯用品╱科威特Retail of apparel and accessories/State of Kuwait佐丹奴有限公司*Giordano Limited*香港Hong Kong1001005,000,000港元HK$5,000,000經營零售及分銷服裝及配襯用品╱香港Retail and distribution of apparel and accessories/Hong KongGiordano (Thai) Co., Ltd.*泰國Thailand10010010,000,000泰銖Baht10,000,000經營零售服裝及配襯用品╱泰國Retail of apparel and accessories/ThailandGiordano (M) Sdn. Bhd.馬來西亞Malaysia100100500,000馬來西亞令吉RM500,000經營零售服裝及配襯用品╱馬來西亞Retail of apparel and accessories/Malaysia40. PRINCIPALSUBSIDIARIES (continued)40. 主要附屬公司（續）GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023167ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)40. PRINCIPALSUBSIDIARIES (continued)附屬公司名稱Name of subsidiary成立地點Place of incorporation持有股份之實際百分率Effective percentage of equity holding已發行及全數繳足股本╱註冊資本╱份額資本Issued and fully paid share capital/registered capital/quota capital主要業務╱經營地區Principal activities/place of operation 20232022佐丹奴澳門有限公司*Giordano (Macau) Limited*澳門Macau10010050,000澳門幣MOP50,000經營零售服裝及配襯用品╱澳門Retail of apparel and accessories/MacauGiordano Middle East FZE*阿聯酋－杜拜Dubai – UAE1001001,000,000阿聯酋迪拉姆AED1,000,000經營分銷服裝及配襯用品╱阿聯酋—杜拜Distribution of apparel and accessories/Dubai – UAEGiordano Originals (Singapore) Private Limited新加坡Singapore1001001,900,002新加坡元SGD1,900,002經營零售及貿易服裝及配襯用品╱新加坡Retailing and trading of apparel and accessories/SingaporeGiordano Vietnam Limited*香港Hong Kong6060802,000美元USD802,000投資控股╱香港Investment holding/Hong KongGiordano (Cambodia) Enterprises Limited*柬埔寨Cambodia80804,000,000柬埔寨里爾KHR$4,000,000經營零售服裝及配襯用品╱柬埔寨Retail of apparel and accessories/CambodiaPT. Giordano Indonesia*印尼Indonesia64522,500,000,000印尼盾IDR2,500,000,000經營零售服裝、配襯用品及其有關產品╱印尼Retail of apparel, accessories and related products/Indonesia深圳虎威製衣有限公司*#Shenzhen Tiger Garment Ltd.*#中華人民共和國People's Republic of China100100210,100,000元人民幣RMB210,100,000投資控股、製造及銷售服裝及配襯用品╱中國大陸Investment holding, manufacturing and retailing of apparel and accessories/Mainland China虎威企業有限公司Tiger Enterprises Limited香港Hong Kong10010060,001,000港元HK$60,001,000投資控股、成衣貿易及提供管理服務╱中國大陸Investment holding, trading of garment products and provision of management services/Mainland China40. 主要附屬公司（續）168 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司2023年12月31日December 31,2023ANNUAL REPORT 2023年報財務報表附註（續）NOTESTOTHEFINANCIALSTATEMENTS (continued)附屬公司名稱Name of subsidiary成立地點Place of incorporation持有股份之實際百分率Effective percentage of equity holding已發行及全數繳足股本╱註冊資本╱份額資本Issued and fully paid share capital/registered capital/quota capital主要業務╱經營地區Principal activities/place of operation 20232022Textile and Garments Co. Ltd.*沙特阿拉伯王國Kingdom of Saudi Arabia757527,000,000沙特里亞SR27,000,000經營零售服裝及配襯用品╱ 沙特阿拉伯王國Retail of apparel and accessories/Kingdom of Saudi ArabiaWalton International Ltd.*開曼群島Cayman Islands100100102美元USD102批授商標專利權╱香港Licensing of trademarks/Hong Kong附註：#外商獨資企業*間接持有之附屬公司41. 財務報表之批准本財務報表已於2024年3月12日獲董事會批准。

Notes:# A foreign owned enterprise* Subsidiaries held indirectly41. APPROVALOFFINANCIALSTATEMENTSThe financial statements were approved by the Board on March 12,2024.40. PRINCIPALSUBSIDIARIES (continued)40. 主要附屬公司（續）GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司購股權資料SHAREOPTIONINFORMATION169ANNUAL REPORT 2023年報SHAREOPTIONSCHEMESOn June 9,2011, the Company adopted a new share option scheme (as amended on May 22,2012) (the “2011 Share Option Scheme”). No options may be and have been granted under the 2011 Share Option Scheme from June 9,2021, the expiry date, but the options granted before the expiry date continue to be valid and exercisable in accordance with the terms of issue. Subject to the aforesaid, the provisions of the 2011 Share Option Scheme remained in full force and effect until December 31, 2028, notwithstanding the expiry of the scheme.A summary of the principal terms of the 2011 Share Option Scheme is as follows:(1) PurposeAs incentives or rewards for the contribution or potential contr ibut ion to the Group from the selected el ig ib le participants.(2) Eligible participants(i) (a) any Director or proposed Director (whether execut ive or non-execut ive, inc lud ing any independent non-executive Director), employee or proposed employee (whether full time or part time) of, or(b) any indiv idual for the t ime being seconded to work for ; any member o f the Group or any control l ing shareholder or any company controlled by a controlling shareholder; or(ii) any holder of any securities issued by any member of the Group or any controlling shareholder or any company controlled by a controlling shareholder; or購股權計劃於2011年6月9日，本公司採納新購股權計劃（於2012年5月22日經修訂）（「2011年購股權計劃」），該計劃已於2021年6月9日屆滿。

於屆滿日期起，不得亦並無購股權根據2011年購股權計劃授出，惟於屆滿日期之前授出之購股權根據發行條款繼續有效及可予以行使。

在上文所述規限下，2011年購股權計劃之條文維持十足效力及效用至2028年12月31日，儘管該計劃已告屆滿。

2011年購股權計劃之主要條款摘錄如下：(1) 目的該計劃旨在鼓勵及獎勵對本集團作出貢獻或將可作出貢獻之選定合資格參與者。

(2) 合資格參與者(i) (a)任何董事或擬委任董事（不論是執行或非執行，包括任何獨立非執行董事）、僱員或擬聘請之僱員（不論是全職或兼職），或(b)其時借調之任何人；而屬於本集團任何成員或任何控股股東或由控股股東控制之任何公司；或(ii)持有本集團任何成員或任何控股股東或任何控股股東控制公司所發行之任何證券之持有人；或170 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司購股權資料SHAREOPTIONINFORMATIONANNUAL REPORT 2023年報(iii) 本集團任何成員或任何控股股東或由控股股東控制之任何公司的：(a) 任何業務或合作夥伴、加盟商、承包商、代理或代表，(b) 任何人士或個體提供研究、發展或其他技術支援或任何諮詢、顧問、專業或其他服務，(c) 任何貨品或服務供應商，(d) 任何客戶，或(e) 任何業主及租客（包括分租租客）；及，就2011年購股權計劃而言，將包括由一位或多位隸屬以上任何合資格參與者所控制之任何公司。

(3) 根據該計劃可予發行之股份總數因該計劃已於2021年6月9日屆滿，不得亦並無購股權根據2011年購股權計劃授出。

於2024年3月12日，根據2011年購股權計劃已授出而尚未行使的所有購股權獲行使而可發行的股份總數為123,512,000股（相等於本公司已發行股份之約7.65%）。

(iii) any member o f t he G roup o r any con t ro l l i ng shareholder or a company controlled by a controlling shareholder of;(a) any business or joint venture partner, franchisee, contractor, agent or representative of,(b) any person or entity that provides research, development or other technological support or any advisory, consultancy, professional or other services to,(c) any supplier of goods or services to,(d) any customer of, or(e) any landlord or tenant (including any sub-tenant) of;and, for the purposes of the 2011 Share Option Scheme, shall include any company control led by one or more persons belonging to any of the above classes of eligible participants.(3) TOTALNUMBEROFSHARESAVAILABLEFOR ISSUEUNDERTHESCHEMENo options may be and have been granted under the 2011 Share Option Scheme from June 9,2021, the expiry date.As at March 12,2024, a number of shares available for issue under the 2011 Share Option Scheme is 123,512,000 shares (representing approximately 7.65% of the shares in issue) that may be issued upon exercise of all options which had been granted and yet to be exercised under the 2011 Share Option Scheme.GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司購股權資料SHAREOPTIONINFORMATION171ANNUAL REPORT 2023年報(4) 每名合資格參與者可獲授權益上限除非獲本公司股東在股東大會上批准，每名合資格參與者在任何12個月內獲授或將獲授之購股權（包括已行使、已註銷及尚未行使之購股權）予以行使時，所發行及將予發行之股份數目上限不得超過本公司已發行股份之1%。

此外，授予本公司主要股東及╱或獨立非執行董事或彼等其各自之任何聯繫人以及倘導致在任何12個月內因行使已授予或將授予該等人士之所有購股權而發行或將予發行的股份超過本公司已發行股份之0.1%（按授出日期之股份價格計算）總值超過500萬港元之購股權，須待本公司股東於股東大會上批准後，方可作實。

(5) 購股權行使期根據2011年購股權計劃授出之購股權，可於授出購股權當日或董事釐定的其後日子開始行使，直至董事授出購股權時釐定之日期營業時間結束時屆滿；惟於任何情況下，由授出購股權當日起計不可超過10年。

(6) 於行使購股權前必須持有的最短期限由董事會於授出購股權時釐定。

(7) 接受授出購股權之要約授出購股權之要約必須於提出要約之日起30日內（包括提出要約當日）接納。

於接納授出購股權之要約時，須支付1港元。

(4) MAXIMUMENTITLEMENTOFEACHELIGIBLE PARTICIPANTSThe maximum number of shares issued and to be issued upon exercise of the share options granted or to be granted to each participant (including exercised, cancelled and outstanding options) in any 12-month period must not exceed 1% of the Company’s shares in issue unless the same is approved by the Company’s shareholders in general meeting.In addition, any share options to a substantial shareholder and/or an Independent Non-executive Director of the Company or any of their respect ive associates, and where the total number of shares issued and to be issued upon exercise of all options granted or to be granted to such person in any 12-month period exceed 0.1% of the Company’s shares in issue and with an aggregate value (based on the price of the shares on the date of grant) in excess of HK$5 million, are subject to the Company’s shareholders’ approval in general meeting.(5) TIMEOFEXERCISEOFOPTIONAn opt ion may be exerc ised under the terms of the 2011 Share Option Scheme at any time during a period commencing on such date on or after the date on which the option is granted as the Board may determine in granting the option and expiring at the close of business on such date as the directors may determine in granting the option but in any event shall not exceed 10 years from the date of grant.(6) THEMINIMUMPERIODFORWHICHANOPTION MUSTBEHELDBEFOREITCANBEEXERCISEDAs determined by the Board upon the grant of an option.(7) ACCEPTANCEOFOFFERSAn offer for the grant of options must be accepted within 30 days inclusive of the day on which such offer was made. The amount payable on acceptance of the offer for the grant of an option is HK$1.172 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司購股權資料SHAREOPTIONINFORMATIONANNUAL REPORT 2023年報(8) 釐定行使價之基準行使價由董事會釐定，惟須以下列較高者釐定：(i)股份於提出授予購股權要約當日在聯交所日報表所報的股份收市價；(ii) 股份於緊接提出授予購股權要約當日前五個營業日在聯交所日報表的平均收市價；及(iii) 每股股份之面值。

(9) 該等計劃餘下之有效期2011年購股權計劃自採納後日期起計10年內有效，並已於2021年6月9日屆滿。

(8) BASISOFDETERMININGTHEEXERCISEPRICEThe exercise price is determined by the Board which shall be at least the highest of:(i) the closing price of the shares as stated in the Stock Exchange’s daily quotations sheet on the date when an option is offered;(ii) the average closing price of the shares as stated in the Stock Exchange’s daily quotations sheets for the five business days immediately preceding the date on which an option is offered; and(iii) the nominal amount of a share.(9) THEREMAININGLIFEOFTHESCHEMEThe 2011 Share Option Scheme shall be valid for a period of 10 years from the date of adoption, and was expired on June 9,2021.GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司購股權資料SHAREOPTIONINFORMATION173ANNUAL REPORT 2023年報購股權之變動根據2011年購股權計劃之購股權於截至2023年12月31日止年度內之變動載列如下：2011年購股權計劃2011 Share Option Scheme合資格人士Eligible person於2023年1月1日As at2023/01/01於年內授出Grantedduringthe year於年內行使Exercisedduringthe year於年內失效Lapsedduringthe year於年內註銷Canceledduringthe year於2023年12月31日As at2023/12/31每股行使價Exercise priceper share授出日期Date of grant行使期Exercisable period/Vesting period港元（年╱月╱日） （年╱月╱日）HK$ (YYYY/MM/DD) (YYYY/MM/DD) 董事Director陳嘉緯100,000 – – – – 100,0005.0002014/03/242015/03/04 – 2024/03/23Chan Ka Wai 150,000 – – – – 150,0005.0002014/03/242016/03/04 – 2024/03/23200,000 – – – – 200,0005.0002014/03/242017/03/10 – 2024/03/23250,000 – – – – 250,0005.0002014/03/242018/03/09 – 2024/03/23300,000 – – – – 300,0005.0002014/03/242019/03/08 – 2024/03/231,366,000 – – – – 1,366,0004.1802017/01/062017/08/11 – 2025/12/311,666,000 – – – – 1,666,0004.1802017/01/062018/03/09 – 2025/12/311,668,000 – – – – 1,668,0004.1802017/01/062018/08/10 – 2025/12/311,000,000 – 1,000,000 – – – 1.3902020/09/092021/03/12 – 2028/12/311,000,000 – – – – 1,000,0001.3902020/09/092021/08/11 – 2028/12/311,000,000 – – – – 1,000,0001.3902020/09/092022/03/11 – 2028/12/31 8,700,000 – 1,000,000 – – 7,700,000 羅學文200,000 – – – – 200,0005.0002014/03/242015/03/04 – 2024/03/23Mark Alan LOYND 300,000 – – – – 300,0005.0002014/03/242016/03/04 – 2024/03/23400,000 – – – – 400,0005.0002014/03/242017/03/10 – 2024/03/23500,000 – – – – 500,0005.0002014/03/242018/03/09 – 2024/03/23600,000 – – – – 600,0005.0002014/03/242019/03/08 – 2024/03/2364,000 – – – – 64,0003.7922015/04/092017/03/10 – 2025/03/311,332,000 – – – – 1,332,0004.1802017/01/062017/08/11 – 2025/12/311,332,000 – – – – 1,332,0004.1802017/01/062018/03/09 – 2025/12/311,336,000 – – – – 1,336,0004.1802017/01/062018/08/10 – 2025/12/311,000,000 – – – – 1,000,0001.3902020/09/092021/03/12 – 2028/12/311,000,000 – – – – 1,000,0001.3902020/09/092021/08/11 – 2028/12/311,000,000 – – – – 1,000,0001.3902020/09/092022/03/11 – 2028/12/31 9,064,000 – – – – 9,064,000 MOVEMENTOFSHAREOPTIONSMovements of share options under the 2011 Share Option Scheme during the year ended December 31,2023 are set out below:174 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司購股權資料SHAREOPTIONINFORMATIONANNUAL REPORT 2023年報合資格人士Eligible person於2023年1月1日As at2023/01/01於年內授出Grantedduringthe year於年內行使Exercisedduringthe year於年內失效Lapsedduringthe year於年內註銷Canceledduringthe year於2023年12月31日As at2023/12/31每股行使價Exercise priceper share授出日期Date of grant行使期Exercisable period/Vesting period港元（年╱月╱日） （年╱月╱日）HK$ (YYYY/MM/DD) (YYYY/MM/DD) 購股權超過個人限額1%的參與者Participants with options in excess of 1% individual limit不適用Not applicable年內已授予和將授予超過相關類別已發行股份的0.1%的購股權的關實體參與者或服務提供者Related entity participants or service providers with options granted and to be granted during the year exceeding 0.1% of the relevant class of shares in issue不適用Not applicable其他參與者Other participants－其他連續合約僱員3,102,000 – – 138,000 – 2,964,0005.0002014/03/242015/03/04 – 2024/03/23– Other Continuous 4,634,000 – – 208,000 – 4,426,0005.0002014/03/242016/03/04 – 2024/03/23Contract Employees 6,226,000 – – 280,000 – 5,946,0005.0002014/03/242017/03/10 – 2024/03/237,818,000 – – 352,000 – 7,466,0005.0002014/03/242018/03/09 – 2024/03/239,350,000 – – 422,000 – 8,928,0005.0002014/03/242019/03/08 – 2024/03/232,660,000 – – 132,000 – 2,528,0003.7922015/04/092016/03/04 – 2025/03/313,062,000 – – 138,000 – 2,924,0003.7922015/04/092017/03/10 – 2025/03/31250,000 – – – – 250,0004.0902015/07/102016/03/04 – 2025/06/30250,000 – – – – 250,0004.0902015/07/102017/03/10 – 2025/06/30942,000 – – – – 942,0004.3402016/09/192017/03/10 – 2026/06/30946,000 – – – – 946,0004.3402016/09/192018/03/09 – 2026/06/309,510,000 – – 124,000 – 9,386,0004.1802017/01/062017/08/11 – 2025/12/3110,364,000 – – 128,000 – 10,236,0004.1802017/01/062018/03/09 – 2025/12/3112,350,000 – – 180,000 – 12,170,0004.1802017/01/062018/08/10 – 2025/12/312,592,000 – – – – 2,592,0004.0502017/06/092017/08/11 – 2025/12/312,592,000 – – – – 2,592,0004.0502017/06/092018/03/09 – 2025/12/312,616,000 – – – – 2,616,0004.0502017/06/092018/08/10 – 2025/12/3117,308,000 – 10,618,000328,000 – 6,362,0001.3902020/09/092021/03/12 – 2028/12/3118,200,000 – 11,234,000328,000 – 6,638,0001.3902020/09/092021/08/11 – 2028/12/3118,398,000 – 8,350,000344,000 – 9,704,0001.3902020/09/092022/03/11 – 2028/12/31 133,170,000 – 30,202,0003,102,000 – 99,866,000 備註：於緊接購股權各自行使日期前之股份加權平均收市價為每股2.601港元。

Remarks:The weighted average closing price per shares immediately before the respective exercise date of the options was HK$2.601.GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司購股權資料SHAREOPTIONINFORMATION175ANNUAL REPORT 2023年報合資格人士Eligible person於2023年1月1日As at2023/01/01於年內授出Grantedduringthe year於年內行使Exercisedduringthe year於年內失效Lapsedduringthe year於年內註銷Canceledduringthe year於2023年12月31日As at2023/12/31每股行使價Exercise priceper share授出日期Date of grant行使期Exercisable period/Vesting period港元（年╱月╱日） （年╱月╱日）HK$ (YYYY/MM/DD) (YYYY/MM/DD) 其他參與者Other participants－其他相關實體– Other related entity不適用Not applicable－其他服務提供者（附註） 410,000 – – – – 410,0005.0002014/03/242015/03/04 – 2024/03/23– Other service providers (Note) 610,000 – – – – 610,0005.0002014/03/242016/03/04 – 2024/03/23820,000 – – – – 820,0005.0002014/03/242017/03/10 – 2024/03/231,030,000 – – – – 1,030,0005.0002014/03/242018/03/09 – 2024/03/231,230,000 – – – – 1,230,0005.0002014/03/242019/03/08 – 2024/03/23200,000 – – – – 200,0004.1802017/01/062017/08/11 – 2025/12/31266,000 – – – – 266,0004.1802017/01/062018/03/09 – 2025/12/31436,000 – – – – 436,0004.1802017/01/062018/08/10 – 2025/12/312,358,000 – 990,000 – – 1,368,0001.3902020/09/092021/03/12 – 2028/12/312,358,000 – 926,000 – – 1,432,0001.3902020/09/092021/08/11 – 2028/12/312,394,000 – 882,000 – – 1,512,0001.3902020/09/092022/03/11 – 2028/12/31 12,112,000 – 2,798,000 – – 9,314,000 合計Total: 163,046,000 – 34,000,0003,102,000 – 125,944,000 附註：授權經銷商及加盟商的擁有人、及法律顧問Note:Owners of the authorized dealers/franchisees and a legal consultant176 GIORDANOINTERNATIONALLIMITED佐丹奴國際有限公司投資者參考資料INFORMATIONFORINVESTORSANNUAL REPORT 2023年報重要日期暫停辦理股東登記手續股東周年大會：2024年5月13日至2024年5月17日（首尾兩天包括在內）末期股息：2024年5月30日至2024年6月3日（首尾兩天包括在內）股東周年大會2024年5月17日股息中期股息：每股17.0港仙已派付日期：2023年9月15日建議末期股息：每股13.5港仙派發日期：2024年6月14日股份代號香港聯合交易所：709彭博：709 HK路透社：0709.HK投資者聯絡佐丹奴國際有限公司香港九龍長沙灣道777至779號天安工業大廈5樓電話：(852) 27464668傳真：(852) 23708864電子郵箱：investorrelations@giordano.com網址IMPORTANTDATESClosure of Register of MembersAnnual General Meeting : May 13,2024 to May 17,2024 (both days inclusive)Final Dividend : May 30,2024 to June 3,2024 (both days inclusive)Annual General MeetingMay 17,2024DividendsInterim Dividend : HK17.0 cents per sharePaid on : September 15,2023Proposed Final Dividend : HK13.5 cents per sharePayable on : June 14,2024STOCKCODEStock Exchange : 709Bloomberg : 709 HKReuters : 0709.HKINVESTORRELATIONSCONTACTGiordano International Limited5th Floor, Tin On Industrial Building 777–779 Cheung Sha Wan RoadKowloon, Hong KongTelephone : (852) 27464668Facsimile : (852) 23708864Email : investorrelations@giordano.comWEBSITEESG.03ESG.11ESG.22ESG.43ESG.46ESG.61ESG.64Contents目錄關於本報告ABOUTTHISREPORTESG.04報告標準、原則和範圍Reporting Standard, Principles and ScopeESG.04環境、社會及管治治理ESGGovernanceESG.04董事會聲明Board StatementESG.06持份者參與和重要性評估Stakeholder Engagement & Materiality AssessmentESG.10環境管理、目標與過程Environmental Management, Objectives and Progress關顧著我們的環境GIORDANO: CARINGFOROURENVIRONMENTESG.11環境層面A1：致力環保的營運以減少排放Environmental Aspect A1: Minimized Emissions through Green-Minded OperationsESG.11環境層面A2：節約資源Environmental Aspect A2: Conserving ResourcesESG.20環境層面A3：減少對環境與自然資源的影響，以促進可持續發展Environmental Aspect A3: Minimizing Impact on the Environment and Natural Resources for Sustainable DevelopmentESG.21環境層面A4：應對氣候變化Environmental Aspect A4: Responding to Climate Change關顧著我們的員工GIORDANO: CARINGFOROUREMPLOYEESESG.22社會層面B1：僱傭Social Aspect B1: EmploymentESG.29社會層面B2：職業健康與安全（職安健）Social Aspect B2: Occupational Health and Safety (OHS)ESG.31社會層面B3：人才發展及挽留策略Social Aspect B3: Talent Development and Retention StrategyESG.42社會層面B4：勞工標準和人權政策Social Aspect B4: Policies on Labour Standards and Human Rights關顧著我們的供應商GIORDANO: CARINGFOROURSUPPLIERSESG.43社會層面B5：高效的供應鏈管理Social Aspect B5: Efficient Supply Chain Management關顧著我們的客戶GIORDANO: CARINGFOROURCUSTOMERSESG.46社會層面B6：服務和產品責任Social Aspect B6: Service and Product LiabilityESG.51社會層面B7：反貪污Social Aspect B7: Anti-CorruptionESG.52社會層面B8：社區參與Social Aspect B8: Community Involvement驗證聲明VERIFICATIONSTATEMENT香港交易所《環境、社會及管治報告指引》內容索引HKEXESGREPORTINGGUIDECONTENTINDEXESG032023 ESGREPORT環境、社會及管治報告書About this report關於本報告歡迎閱覽佐丹奴國際有限公司（「佐丹奴」）的2023年環境、社會及管治報告（「ESG報告」），本報告闡述我們在可持續性方面的最新措施和業績。

您也許知道，在佐丹奴成立之初，我們就以「沒有陌生人的世界」為經營理念，我們的願景是希望世界沒有種族、國藉及文化之分，彼此可以生活在一個大同的世界中，此願景貫徹於我們的管理和業務運作層面之中。

佐丹奴一直以來致力於成為一個負責任的企業公民，並於2005年正式採納企業社會責任政策聲明。

自此，我們一直恪守「為善者諸事順」的原則，於我們經營的社區發放正能量，特別關注與持份者的關係、社區參與和環境保護這些範疇。

隨著香港聯合交易所有限公司（「聯交所」）提高對此報告的合規要求，以及普遍持份者對增加公司透明度有殷切需求，本報告主要涵蓋了我們對環境、社會及管治的政策及表現，包括我們對環境和社區所造成的影響、我們如何以公平及透明的方式為客戶提供優質產品及卓越服務、如何投放資源於員工的發展及致力營造融洽及樂於支援員工的工作環境。

與此同時，如何發展強健的管治、有效的風險管理系統以及嚴密的監控亦是我們重點關注的項目。

Welcome to the 2023 Environmental, Social and Governance (the “ESG”) Report of Giordano International Limited (“Giordano”), which updates our latest initiatives and achievements with respect to sustainability. As you may be aware, ’World Without Strangers’ has been Giordano’s credo since its inception and reflects our vision to create a sense of familiarity, regardless of ethnicity, nationality or culture, which transcends our operations and management.Giordano has long been committed to being a responsible corporate citizen, and formally adopted its Corporate Social Responsibility policy statement in 2005. Since then, we have continued to focus on “doing well by doing good” in order to make a positive impact in the communities where we do business, paying particular attention to stakeholder relations, community involvement and environmental protection.With the onset of enhanced compliance requirements set by The Stock Exchange of Hong Kong Limited (the “Stock Exchange”) on ESGReports and growing demand for corporate disclosure from stakeholders in general, this Report primarily addresses our approach and performance against ESG metrics, including the impact that we are making on the environment and communities, the way we deliver responsible products and exceptional service to our customers in fairly and transparently, how we invest in our employees’ development and foster an inclusive and supportive working environment, as well as our framework to develop strong governance, effective risk management systems and robust controls.ESG042023 ESGREPORT環境、社會及管治報告書Reporting Standard, Principles and ScopeThe ESGReport was prepared in accordance with the “Environmental, Social and Governance Reporting Guide” under Appendix C2 to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and in compliance with the “comply or explain” provision thereof. Detailed references to the “Stock Exchange’s ESGReporting Guide” have been included at the back of this Report to aid readers and facilitate greater transparency.The content of the ESGReport is determined through the Group’s stakeholder engagement and material i ty assessment processes, which include identifying ESG-related issues, collecting and reviewing management and stakeholders’ opinions, assessing the relevance and materiality of the issues, and preparing and validating the information reported. The selection of material ESG factors are derived from stakeholder engagement and materiality assessments.Quantitative environmental and social KPIs are disclosed in the ESG Report so that stakeholders can have a comprehensive understanding of the Group’s ESG performance. Information on the standards, methodologies, references and source of key emission and conversion factors used on these KPIs reporting are stated wherever appropriate. To enhance and maintain the comparabi l i ty of the ESGReports between years, the Group adopts consistent reporting and calculation methodologies as far as practicable. In case of any changes in the methodologies and specific standards, explanations have provided in corresponding sections to facilitate information interpretation.This ESGReport provides an annual update of Giordano’s ESG performance for the year of 2023, which covers our operations in Mainland China, Hong Kong, Macau, Taiwan and Singapore (collectively, the “Reporting Markets”), which contributed to 43.34% of Giordano’s sales in 2023 excluding shops operated by our franchisees and licensees. There are no significant changes in the reporting scope of this Report from that of the last one in 2022.ESGGovernanceEffective ESG plays a definite role in driving the Group’s pathway toward sustainable development. To ensure proper implementation of ESG, the Board has charged the Group’s Risk Management Committee (the “RMCommittee”) with assisting the Audit Committee to oversee the Company’s ESG development and execution, as well as to help determine the ESG strategies and direction ahead, to keep track of potential ESG-related risks. With the Board’s supervision, the management of the Group formulates and executes ESG-related polices and strategies.Board StatementGood corporate governance inextricably linked to positive governance of environmental and social issues. With the aim to ensure proper ESG governance within the Group, the Group’s board of directors (the “Board”) shoulders the ultimate accountability for the supervision of the Group’s ESG performance, while authority has been properly delegated to each management of the Group. In a bid to ensure the establishment of appropriate and effective ESG risk management measures and internal control systems, the RMCommittee and the Group’s Internal Audit department are responsible for overseeing the Group’s ESG strategies and performance, as well as assessing and identifying ESG-related risks.報告標準、原則和範圍ESG報告是根據香港聯合交易所有限公司證券上市規則附錄C2中的「環境、社會及管治報告指引」編制的，並符合其「不遵守就解釋」的規定。

詳細請參考本報告的後部的聯交所的ESG報告指引，以幫助讀者閱覽並提高透明度。

ESG報告的內容是通過本集團的持份者參與和重要性評估過程確定的，包括識別環境、社會及管治相關問題、收集和審查管理層和持份者的意見、評估問題的相關性和重要性，以及準備和驗證已報告的信息相關問題。

選擇重要的環境、社會及管治因素的源自持份者參與和重要性評估。

ESG報告中披露了量化的環境和社會關鍵績效指標（「KPI」），使持份者可全面了解本集團的環境、社會及管治表現。

這些已報告KPI中使用的標準、方法、參考和主要排放源和轉換因子的信息在適當的地方進行了說明。

為提高和保持每年的ESG報告的可比性，本集團盡可能採用一致的報告和計算方法。

如果方法和具體標準有任何變化，已在相應部分提供了說明，以便資料解讀。

本報告是根據聯交所的「環境、社會及管治報告指引」編制，將佐丹奴在2023年於環境、社會及管治方面的表現展現出來。

報告內容覆蓋了我們在中國內地、香港、澳門、台灣和新加坡的業務（統稱「匯報市場」），佔佐丹奴在2023年43.34%的銷售額，但不包括我們的加盟商和授權經銷商所經營的店舖。

本報告匯報範疇與2022年的ESG報告相若。

環境、社會及管治治理有效的環境、社會及管治在推動本集團走向可持續發展的道路上發揮著明確的作用。

為確保環境、社會及管治能正確實施，董事會已責成本集團的風險管理委員會協助審核委員會監督本公司環境、社會及管治的發展和執行，並幫助確定環境、社會及管治策略和未來方向，跟進潛在的環境、社會及管治相關風險。

在董事會的監督下，本集團管理層制定並執行環境、社會及管治相關政策和策略。

董事會聲明良好的公司治理與環境和社會問題的積極治理密不可分。

為確保集團內的環境、社會及管治良好，集團董事會（「董事會」）肩負監督集團環境、社會及管治表現的最終責任，而權力已適當下放至集團各管理層。

為確保建立適當有效的環境、社會及管治風險管理措施和內部控制系統，風險管理委員會負責監督本集團的環境、社會及管治策略和績效，評估和識別環境、社會及管治相關風險。

ESG052023 ESGREPORT環境、社會及管治報告書The RM committee review and assess the internal operations to identify material ESG issues, including climate related risk (e.g. natural disaster on supply chain), and prioritize the ESG risks through materiality assessment. They review and monitor the Group’s ESG policies and progress against environmental targets.In order to mitigate sustainability and ESG-related risks, as well as to keep track of the Company’s ESG development, the RMCommittee reviews the Group’s performances against industry leaders and peers of comparable size to ensure the latest requirements and compliance status are met. Timely adjustments will be made to cater for the emerging market trends regarding ESG-related issues that may potentially impact the business operations of the Group.The RMCommittee will also inform the Board of developments vis-à-vis in ESG performances, visions and strategies through Board meetings, dedicated reports and other communication channels on a regular basis. The Group has established communication channels, between business divisions and its stakeholders for better communication of ESG-related issues. The communication channels are reviewed regularly to ensure that effective communications are made between the Group and its stakeholders. During the Reporting Period, the Board has assigned an independent consulting firm to conduct a materiality assessment for better identification of potential and material ESG issues relevant to the business and its stakeholders. Stakeholder engagement has been conducted to engage with relevant stakeholders for more precise identification of the material issues that could internalise the opinions of the stakeholders. The issues would be prioritised and those with higher significance will be considered material. The Board would also review the material issues regularly to ensure appropriate ESG management policies are in place, so as to promote prompt responses to meet stakeholders’ expectations.The Nomination Committee reviews the diversity, structure and size of the board, Nomination Policy and Board Diversity Policy to achieve gender and race diversity in the board, which encourage inclusion of a broader spectrum of diverse perspective within the recruitment approach and policies. They oversee the planning for the appointment and resignation of the Directors and senior management, as well as evaluate the independence of the independent non-executive.The Audit Committee monitor and evaluate the Company’s r isk management, corporate governance functions, and internal auditing process . They ensures that Company compl ies wi th appl icable environmental and labour laws and regulations.In an effort to enhance ESG performance, the Group endeavours to review plans and performances regarding its operation and sustainable development. The Board would keep track of ESG-related work execution with respect to the proposed plans and targets, to formulate future plans on the Group’s ESG development. The quality and quantity of ESG-related staff training are also monitored to ensure the Group’s message on ESG-related issues and market trends are well conveyed.風險管理委員會審查和評估內部運營，以確定重大環境、社會及管治問題，包括與氣候相關的風險（例如供應鏈上的自然災害），並通過重要性評估對ESG風險進行優先排序。

他們審查和監督集團的ESG政策和環境目標的進展。

為降低可持續發展和環境、社會及管治相關風險，以及跟踪本公司的環境、社會及管治發展，風險管理委員會審閱本集團的表現，並與行業領導者和同等規模的同行比較，以確保滿足最新的要求和合規狀態。

本集團將適時調整可能影響本集團業務運營的環境、社會及管治相關問題，以迎合新興市場趨勢。

風險管理委員會還將通過董事會會議、專門報告和其他溝通渠道定期向董事會通報環境、社會及管治表現的發展情況、願景和策略的發展。

本集團已建立業務部門與持份者之間的溝通渠道，以更好地溝通環境、社會及管治相關事項。

本集團定期檢討溝通渠道，以便確保本集團與其持份者之間進行有效溝通。

於報告期內，董事會已委派獨立諮詢公司進行重要性評估，以更好地識別與業務及其持份者相關的潛在和重大環境、社會及管治事項。

持份者參與是為了與相關持份者進行接觸，以更準確地識別重大事項，並可以將持份者的意見內化。

具有更高重要性的事項將被視為重大事項，並將優先考慮這些問題。

董事會亦會定期檢討重大事項，以確保制定適當的環境、社會及管治的管理政策，以促進迅速作出回應，以滿足持份者的期望。

提名委員會審閱董事會的多元化、結構和規模、提名政策和董事會多元化政策，以實現董事會的性別和種族多元化，鼓勵在招聘方法和政策中納入更廣泛的多元化觀點。

他們監督董事和高級管理人員的任免計劃，並評估獨立非執行董事的獨立性。

審計委員會監督和評估公司的風險管理、公司治理職能和內部審計程序。

他們確保公司遵守適用的環境和勞動法律法規。

為提升環境、社會及管治表現，本集團致力檢討有關其營運及可持續發展的計劃及表現。

董事會將就擬定的計劃和目標跟進環境、社會及管治相關工作的執行情況，以製定本集團環境、社會及管治發展的未來計劃。

環境、社會及管治相關員工培訓的質量和數量也受到監控，以確保本集團就環境、社會及管治相關問題和市場趨勢的信息得到很好的傳達。

ESG062023 ESGREPORT環境、社會及管治報告書Stakeholder Engagement & Materiality AssessmentThe Group believes that stakeholder engagement and support are crucial to the Group’s business success. By understanding stakeholders’ expectat ions and concerns about sustainable development, the Group can grasp a more comprehensive perspective for developing the sustainable development goal and improving the sustainable development strategy. The Group has established various communication channels, including surveys with ESG-related questions, to receive opinions and to promote expressions of suggestions from different stakeholders across the entire business. Stakeholders’ expectations and concerns will then be reflected and considered while evaluating the Group’s sustainable development goals and strategies.For this year’s ESGReport, the Group has engaged an independent third-party consulting firm to assist in the collection of stakeholders’ opinions regarding the Group’s ESG issues. Opinions are collected via various communication channels, including questionnaires. Results derived from quantitative and qualitative analysis of the stakeholders’ opinions are referenced to understand their expectations and needs, and to improve the Group’s management of ESG-related issues. Meanwhile, the stakeholders’ opinions will also be incorporated into the materiality assessment process to identify material ESG issues of the Group. By acknowledging the importance of the values induced by the stakeholders’ opinions and suggestions, the Group will continue practising stakeholder engagement for modification of sustainable development goals and strategies.持份者Stakeholders期望和需求Expectations and Needs溝通和回應方式Means of Communication and Response政府和監管機構Government and Regulators遵守國家政策、法律法規Compliance with national policies, laws and regulations按時足額納稅Pay taxes in full and on time確保生產安全Ensure production safety定期信息報告Information reporting regularly定期與監管機構會面Meet the regulators regularly檢查Examinations and inspections股東Shareholders回報Returns合規經營Compliant operation提升公司價值Rise in company value信息透明和有效溝通Transparency in information and effective communication股東大會Shareholders conferences公告Announcements電子郵件、電話溝通和公司網站Email, telephone communication and company website持份者參與和重要性評估本集團相信持份者的參與和支持對本集團的業務成功至關重要。

通過了解持份者對可持續發展的期望和關注，本集團可以更全面地把握制定可持續發展目標和完善可持續發展策略的視角。

本集團建立了多種溝通渠道，包括對環境、社會及管治相關問題的問卷調查，以在整個業務範圍內聽取不同持份者的意見並促進表達建議。

然後，在評估集團的可持續發展目標和策略時，將反映和考慮持份者的期望和關注。

在本年度的ESG報告中，本集團已聘請獨立第三方諮詢公司協助收集持份者對本集團環境、社會及管治問題的意見。

意見是通過各種溝通渠道收集的，包括問卷調查。

參考對持份者意見的定量和定性分析得出的結果，以了解他們的期望和需求，並改進本集團對環境、社會及管治相關問題的管理。

同時，持份者的意見也將被納入重要性評估過程，以識別本集團的重大環境、社會及管治問題。

通過承認持份者意見和建議所產生的價值觀的重要性，本集團將繼續實踐持份者參與，以修改可持續發展目標和策略。

ESG072023 ESGREPORT環境、社會及管治報告書持份者Stakeholders期望和需求Expectations and Needs溝通和回應方式Means of Communication and Response商業合作夥伴Business Partners誠信經營Operation with integrity平等競爭Equal Rivalry合同履行Performance of contracts互利共贏Mutual benefits and win-win results審查和評估會議Review and appraisal meetings商務溝通Business communications參與與合作Engagement and cooperation顧客Customers卓越的產品和服務Outstanding products and services健康與安全Health and safety履行合約Performance of contracts誠信經營Operate with integrity客戶服務中心及熱線電話Customer service centre and hotlines客戶反饋調查Customer feedback survey社交媒體平台Social media platforms環境Environment合規排放Compliant emission節能減排Energy saving and emission reduction生態系統保護Ecosystem protection ESG報告ESGReporting行業Industry建立行業標準Establishment of industry standards推動行業發展Drive industry development參加行業論壇Participation in industry forums僱員Employees保護權利Protection of rights職業健康Occupational health薪酬福利Remunerations and benefits職業發展Career development人文關懷Humanity cares員工溝通會議Employee communication meetings內刊和內聯網House journal and intranet員工郵箱Employee mailbox培訓和工作坊Training and workshops員工活動Employee activities社區和公眾Community and the Public參與慈善Participation in charity公司網站Company’s website公司公告Company’s announcementsESG082023 ESGREPORT環境、社會及管治報告書During the preparation of the ESG report, the Group has commissioned an independent third-party consultant to assist us in conducting the comprehensive materiality assessment in a fair and equitable manner. The materiality assessment has been implemented in three main phases as follows:(i) Based on the relevant national and local standards and policies, industry characteristics and the development of the Group, we have identified 36 potential material issues in respect of ESG that may have an impact on the Groups business or the stakeholders;(ii) We have invited internal and external stakeholders (including employees , management , d i rectors , c l ients , suppl iers and communities) to fill in questionnaires, so as to collect and identify their level of concern for each of such issues; and(iii) We have established the two-dimensional matrix as ”significance to the Company’s business” and “significance to stakeholders” by conducting analysis on valid questionnaires, so as to determine the priority of the potential material issues.The following chart represents the materiality matrix based on the findings from the questionnaire survey.環境勞工實踐運營實踐社區投資Environmental Labour Practices Operating Practices Community Investment1環境合規14僱傭合規21營運合規34公益慈善Environmental Compliance Employment Compliance Operational Compliance Charity2廢氣管理15薪酬及福利22管理供應鏈的環境風險35推動社區發展Air Pollutant Management Employees’ Remuneration and Benefits Managing Environmental Risks of Supply ChainPromotion of Community Development3車輛排放管理16工作時數及假期23管理供應鏈的社會風險36扶貧工作Fleet Emissions Management Employees’ Working Hours and Rest PeriodManaging Social Risks of Supply ChainPoverty Alleviation4廢水管理17多元化與平等機會24採購常規Wastewater Management Diversity and Equal Opportunity Procurement Practices5溫室氣體排放18職業健康與安全25品質管理Greenhouse Gas Emission Occupational Health and SafetyQuality Management在ESG報告編制過程中，本集團已委託獨立第三方顧問協助本集團以公平公正的方式進行全面的重要性評估。

重要性評估分三個主要階段實施，具體如下：(i)根據國家和地方相關標準和政策、行業特點和本集團發展情況，識別出可能對本集團業務或持份者產生影響的環境、社會及管治潛在重大事項36項；(ii)我們已邀請內部和外部持份者（包括員工、管理層、董事、客戶、供應商和社區）填寫調查問卷，以收集和確定他們對每個此類問題的關注程度；及(iii)我們通過對有效問卷進行分析，建立了「對公司業務的重要性」和「對利益相關方的重要性」的二維矩陣，以確定潛在重大事項的優先級。

下圖表示基於問卷調查結果的重要性矩陣。

199 35 36113,34 12 13 1510 7LowMediumSignificancetostakeholders對持份者的重要性High低中高Significance to the Group’s business對集團業務的重要性Low低Medium中High高1 26 21417,2420 8 2 2216 18 2529 32 33 2827 31 30 146 5 23ESG092023 ESGREPORT環境、社會及管治報告書環境勞工實踐運營實踐Environmental Labour Practices Operating Practices6廢棄物管理19培訓與發展26客戶健康與安全Waste Management Training and Education Customer Health and Safety7能源使用20防止童工及強制勞工27負責任的行銷及推廣Energy Consumption Prevention of Child Labour and Forced LabourResponsible Sales and Marketing8水資源使用28客戶服務管理Use of Water Resources Customer Service Management9綠色能源項目29保護智慧財產權Green Energy Project Intellectual Property Protection10原材料及包裝材料使用30研究及開發Use of Raw Materials and Packaging MaterialsResearch and Development11生態保護31資訊安全Ecological Protection Information Security12應對氣候變化32客戶私隱保護Responding to Climate Change Customer Privacy Protection 13環境事故預防及處理33反貪污Prevention and Handling of Environmental IncidentsAnti-corruptionIn view of the relevance and validity of the ESGReport with the Group’s environmental and social performance, the Group has conducted a materiality assessment to identify ESG issues that are material to the business of the Group and its stakeholders. The assessment is based on stakeholder surveys, materiality maps provided by well-known external institutions1, the judgement from management, as well as professional opinions from third-party ESG professionals. The material ESG issues identified are as follows:方面Aspects重大事項Material Issues勞工實踐Labour Practices僱傭合規Employment Compliance職業健康和安全Occupational Health and Safety運營實踐Operating Practices客戶健康與安全Customer Health and Safety客戶私隱保護Customer Privacy Protection1 The materiality maps referenced in the materiality assessment include the ESGIndustry Materiality Map and the SASBMateriality Map produced respectively by MSCI and the Sustainability Accounting Standards Board (“SASB”).鑑於ESG報告與本集團的環境及社會表現的相關性及有效性，本集團已進行重要性評估以識別對本集團及其持份者的業務具有重大意義的環境、社會及管治議題。

該評估基於持份者調查、外部知名機構提供的重要性圖譜、管理層的判斷以及第三方環境、社會及管治專業人士的專業意見。

識別出的重大環境、社會及管治事項如下：1重要性評估中參考的重要性圖譜包括分別由明晟(MSCI)和可持續發展會計準則委員會（「SASB」）製作的環境、社會及管治行業重要性圖譜和SASB重要性圖譜。

ESG102023 ESGREPORT環境、社會及管治報告書Environmental Management, Objectives and ProgressThe Group is committed to embracing green development, as well as to minimising the environmental impacts from the daily business operations. Understanding the importance of incorporating green measures and practices into the business to achieve sustainable development, the Group has developed a series of sustainable development strategies together with a number of environmental targets to push forward the Group’s commitment to protecting the environment.During the Year, the Group has set preliminary directional targets to focus on mitigating (i) air and greenhouse gas emissions; (ii) energy and water use; and (iii) waste generation during business operations and development. The Group looks to gradually reduce power and water consumption, as well as greenhouse gas emissions and waste generation, through actively implementing measures on different environmental aspects, such as power saving, water conservation, and paper use reduction.Apart from developing strategies and setting targets to promote sustainable development, the Group is also obligated to strictly comply with laws and regulations regarding environmental protection, including but not limited to the Air Pollution Control Ordinance, Water Pollution Control Ordinance, Waste Disposal Ordinance of Hong Kong, and the Environmental Protection Act the Environmental Protection Law of the People’s Republic of China. The Group reviews its operations regularly to assure that the laws and regulations are complied with. During the Year, the Group was not aware of any material non-compliance relevant to environmental laws and regulations. 方面Aspects目標Our Goals過程Progress溫室氣體Greenhouse Gas減少空氣和溫室氣體排放Mitigating air and greenhouse gas emissions範疇1及2的溫室氣體排放量從5,561公噸二氧化碳當量減少到4,147公噸二氧化碳當量（以2021年為基準）Total greenhouse gas emission reduce from 5,561 tCO2e to 4,147 tCO2e (with 2021 as baseline)用水Water Use減少用水Mitigating water use耗水量從50,164立方米減少到27,209立方米（以2021年為基準）Water consumption reduced from 50,164 m3 to 27,209 m3 (with 2021 as baseline)能源使用Energy Use減少能源使用Mitigating energy use用電量從10,427兆瓦時減少到7,031兆瓦時（以2021年為基準）Electricity consumption reduced from 10,427 MWh to 7,031 MWh (with 2021 as baseline)廢物Waste減少業務運營過程中的廢物產生和發展Mitigating waste generation during business operations and development無害廢物的強度降低43.6%（以2021年為基準）Non-hazardous waste reduced 43.6% in term of intensity (using 2021 as baseline)環境管理、目標與過程本集團致力擁抱綠色發展，並將日常業務營運對環境的影響減至最低。

本集團深知將綠色措施和實踐融入業務以實現可持續發展的重要性，制定了一系列可持續發展策略以及多項環保目標，以推動本集團對保護環境的承諾。

本年度內，本集團已設定初步方向目標，專注於減少(i)空氣及溫室氣體排放；(ii)能源和水的使用；及(iii)在業務運營和發展中產生的廢物。

本集團希望通過積極實施節能、節水及減少用紙等不同環境方面的措施，逐步減少電力和水的消耗，以及溫室氣體排放和廢物產生。

除了制定策略及設定目標以促進可持續發展外，本集團亦有責任嚴格遵守有關環境保護的法律法規，包括但不限於《空氣污染管制條例》、《水污染管制條例》、《香港廢物處置條例》和《中華人民共和國環境保護法》。

本集團定期檢討其營運以確保遵守法律及法規。

年內，本集團並不知悉任何與環境法律法規相關的重大違規行為。

ESG112023 ESGREPORT環境、社會及管治報告書環境層面A1：致力環保的營運以減少排放Environmental Aspect A1: Minimized Emissions through Green-Minded Operations(1) At Giordano, we seek to ensure that our business operations are environmentally friendly, making every effort to reduce waste and emissions from every aspect of our business activities, from production at our suppliers through to our business operations.(2) We believe that our business activities and the facilities of our overall operations comply with the relevant laws and regulations on environmental protection.環境層面A2：節約資源Environmental Aspect A2: Conserving Resources(1) In active alignment with the Hong Kong governmental policy of reducing “carbon footprint”, we are committed to reducing carbon emissions and protecting and sustaining the environment through efficient use of resources and reduced consumption of electrical power, water, paper and raw materials by: Incorporating sustainable environmental practices into our business principles; Using resources wisely and efficiently, such as cutting the volume of raw materials and packaging consumed; Reducing waste generation within our operations; Promot ing env i ronmenta l protect ion, v ia supply chain management and smart shop operations; and Promoting environmental awareness among our customers and business associates.(1)在佐丹奴，我們致力確保營運結合環保理念。

我們商務活動中的每一環節，由供應商的生產至我們的營運，都會盡一切努力減少產生廢物及排放。

(2)我們相信，有關的商業活動和整體營運設施均符合相關的環保法規。

(1)為積極響應香港政府推行的減少「碳足跡」政策，我們致力高效地善用資源和減少消耗能源、水資源、紙張及原材料，以減少碳排放、保護及保育環境。

如︰在業務方針上納入可持續的環保措施；明智和有效地使用資源，例如減少使用原材料和包裝；在業務範圍內減少廢物的產生；藉著供應鏈管理和智慧型店舖營運，以促進環保；及提升客戶和業務夥伴的環保意識。

Caring for our Environment關顧著我們的環境ESG122023 ESGREPORT環境、社會及管治報告書(2) Striving to create shareholders’ value, we are also concerned with the conservation of ecological resources and driving environmental protection. Based on the 5Rs principle – to Replace, Reduce, Reuse, Recover and Recycle – Giordano spares no effort to cut down on the use of resources, recycle materials, as well as to reduce the generation of waste by implementing different practices internally: Displaying notices and posters of water conservation at offices and shops; Inspecting taps regularly and repairing any dripping promptly; Promoting the concept of “paperless meetings” with the use of electronic copies of documents; Pre-setting printers for double-sided and black-and-white printing; Recycling used paper; Reusing and recycling carton boxes; Reusing shop furniture; and Reusing plastic packaging bags as bin bags.(2)為股東創造價值的同時，我們也關注生態資源的保育及推動環保。

建基於5Rs原則－取代、減少使用、物盡其用、恢復再用和循環再用，佐丹奴透過在內部推行不同的措施，力求減少資源消耗、回收物料，以及減少廢物的產生：在辦公室和店舖張貼節約用水告示和海報；定期檢查水龍頭，並盡快處理任何滴水情況；提倡「無紙化會議」，使用電子文檔；將印表機預設成雙面及黑白列印的模式；回收廢棄的紙張；循環再用及回收紙箱；循環再用店舖的傢俱；及將塑料包裝袋循環再用為垃圾袋。

照明系統Lighting自2008年起，集團倡議為旗下店舖轉用節能燈A group-wide initiative to convert lighting in all shops to energy-saving lights commenced since 2008於2022年，本集團香港市場參與由中華電力的節能設備升級計劃及香港電燈公司提供的設備資助計劃，為香港總部寫字樓及多間香港門市更換更環保的照明設備。

In 2022, the Hong Kong Market of the Group participated in the Electrical Equipment Upgrade Scheme of CLPHong Kong and the Energy-efficient Equipment Subsidy Programme of HKElectric, replacing more environmentally friendly lighting equipment for the Hong Kong headquarters office building and many Hong Kong stores.空調系統Air-conditioning以更省電的分體式空調取代水冷空調系統Replace chilled water air-conditioning with more efficient縮減空調系統的操作時間Shorten the operating time of air-conditioning維持室內平均溫度在25 – 26℃Maintain an average indoor temperature of 25 – 26℃定期維修保養空調，令系統性能表現更有效率Maintain and repair air-conditioners regularly for better performance節約能源由於電力消耗是佐丹奴產生溫室氣體的主因，我們在大部份的辦公室和店舖已採取了以下各種節約能源和提高能源效益的措施：Saving EnergyAs electricity consumption is the biggest contributor to our greenhouse gas (“GHG”) emissions, various energy saving and efficiency measures have been undertaken in most of our office premises and shops:節約能源措施Energy-Saving InitiativesESG132023 ESGREPORT環境、社會及管治報告書(3) Going Green at WorkFaced with the increasing threat to the environment over the years, all of us undoubtedly owe a duty and responsibility to make Mother Earth a cleaner and safer place to live in for ourselves and for future generations. Acting in a socially and environmentally responsible way is more than just a legal duty, and here at Giordano, we encourage our staff to adopt environmentally responsible behaviour and promote environmental protection in the workplace. The “Green Team” set up in our Hong Kong Headquarters in 2010 is a vivid example, which brings together representatives from different departments to initiate programs for promoting low carbon living. Moreover, to inspire and encourage staff’s green actions, we have also launched the following initiatives: Arrange charity bazaars from time to time– Encourage colleagues to donate surplus items to the company’s charity bazaar for charity sale. Besides, it can raise funds to help disadvantaged groups or be given to those in need, which will contribute to the environment and society.(3)綠色工作間地球面對的威脅正在逐年地增加，為了我們和下一代著想，無疑我們是有責任和義務讓地球成為一個更潔淨和更安全的家。

佐丹奴集團深信，社區參與和保護環境並不只是法律上的責任，我們除了鼓勵員工為環境出多一分力，更在工作間推廣環保訊息。

2010年我們在香港總部成立的「綠色團隊」就是其中一個很好的例子，由不同部門的代表共同參與，共同組織活動項目，致力提倡低碳生活。

此外，集團亦推行以下措施，以啟發和鼓勵員工參與綠色行動：不時安排慈善賣物會–鼓勵同事把有剩餘的物品，捐贈至公司的慈善賣物會，作慈善義賣。

除了可以籌款幫助勢弱的社群，也可以送給有需要的人，對環境和社會會有所貢獻。

ESG142023 ESGREPORT環境、社會及管治報告書Green PerformanceOverview Graph 1Below is a summary of our environmental performance with respect to our operations in shops, offices and warehouses in the Reporting Markets:綠色成效概覽圖1下圖總結佐丹奴在環保節能方面的表現，涵蓋了報告市場在店舖、辦公室和倉庫的運作：空氣污染物AIRPOLLUTANT氮氧化物（千克）Nitrogen oxides (NOX) (kg)Total汽車Vehicles389.31(-19.78%)*硫氧化物（千克）Sulphur oxides (SOX) (kg)Total汽車Vehicles0.41(-19.78%)*顆粒物（千克）Particulate matter (PM) (kg)Total汽車Vehicles38.06(-19.78%)*485.300.5147.44 2023 2022* 2023比對2022百分比變動2023 vs 2022% ChangeESG152023 ESGREPORT環境、社會及管治報告書溫室氣體排放量GREENHOUSEGAS (GHG) EMISSIONS範疇1（公噸二氧化碳當量）Scope 1 (tCO2e)範疇2（公噸二氧化碳當量）Scope 2 (tCO2e)9,7627,4704,226 5,394 4,079 12,000 10,000 8,000 4,000 2,000 6,000 0 20222023201920202021範疇3（公噸二氧化碳當量）Scope 3 (tCO2e)(Other indirect emissions)4,500 3,000 1,500 0 4,194 2023 4,371 2022總計（範疇1+2+3）（公噸二氧化碳當量）Total (Scope 1+2+3) (tCO2e)強度（公噸二氧化碳當量╱每一百萬港元銷售額0）Intensity (tCO2e/HK$1m sales)2011571228568 250 200 150 50 100 0 20222023201920202021-19.78%* -3.49%*總計（範疇1+2）（公噸二氧化碳當量）Total (Scope 1+2) (tCO2e)9,9647,6274,311 5,516 4,147 12,000 10,000 8,000 4,000 2,000 6,000 0 20222023201920202021 3.796 4.324 2.557 3.228 2.470 5 4 2 1 3 0 20222023201920202021-3.81%*-3.40%* -21.41%* -4.05%** 2023比對2022百分比變動2023 vs 2022% Change47 60 20 40 0 2023 60 2022ESG162023 ESGREPORT環境、社會及管治報告書34.21026.470 29.35316.205 35 30 25 15 10 5 20 0 20222023201920202021 30.342耗水量WATERUSE強度（立方米╱每一百萬港元銷售額）Intensity (m3/HK$1m sales)60,346 44,629 50,164 27,209 100,000 80,000 60,000 20,000 40,000 0 20222023201920202021 79,651總計（立方米）Total (m3)強度（公噸二氧化碳當量╱每一百萬港元銷售額）Intensity (tCO2e/HK$1m sales)耗電量ELECTRICITYCONSUMPTION * 2023比對2022百分比變動2023 vs 2022% Change4.235 2.507 3.156 2.429 5 4 3 2 1 0 20222023201920202021 3.719 0.0890 0.0503 0.07130.0405 0.10 0.08 0.04 0.02 0.06 0 20222023201920202021 0.0767強度（公噸二氧化碳當量╱每一百萬港元銷售額）Intensity (tCO2e/HK$1m sales)* 2023比對2022百分比變動2023 vs 2022% Change4,079(97.26%)#用電量Electricity Consumption15(0.36%)#用水處理的電力消耗Electricity used for fresh water and sewage processing 68(1.64%)#公司車輛燃油消耗量Corporate Vehicle Fuel Consumption32(0.77%)#廢紙棄置所產生的甲烷Methane gas generation at landfill due to disposal of paper waste-39.03%*61,76633,001 48,70626,473 80,000 64,000 48,000 16,000 32,000 0 20222023201920202021 77,850總計（公升）Total (Litre)-19.78%*11,850 8,287 10,427 7,031 20,000 15,000 10,000 5,000 0 20222023201920202021 15,455總計（兆瓦時）Total (MWh)-15.15%*35.015 19.574 28.50015.767 40 35 30 20 15 10 5 25 0 20222023201920202021 29.656強度（公升╱每一百萬港元銷售額） Intensity (Litre/HK$1m sales)-19.45%*強度（兆瓦時╱每一百萬港元銷售額）Intensity (MWh/HK$1m sales)6.7184.915 6.1014.188 8 76543 21 0 20222023201920202021 5.887-14.79%*19.48%*-3.11%*-38.78%*#相關消耗佔佐丹奴2023年度溫室氣體排放總量的百分比# Percentage contribution of the subject consumption towards our total GHG emissions in 2023按來源劃分的溫室氣體排放總量（單位：公噸二氧化碳當量）TOTALGHGEMISSIONSBYCATEGORY (Unit: tCO2e)* 2023比對2022百分比變動2023 vs 2022% Change車輛燃油消耗量VEHICLEFUELCONSUMPTIONESG172023 ESGREPORT環境、社會及管治報告書743556.2338 470.4567 1200 1000 800 600 400 200 0 20222023201920202021 1,044 673總計（公噸）Total (Tonne)強度（公噸╱每件製成品）Intensity (Tonne/Piece of Finished Product)價格標籤（公噸）Price Tag (Tonne)紙箱（公噸）Carton Box (Tonne)塑料包裝袋（公噸）Plastic Packaging Bag (Tonne)37 34 45 2020 2019 2021 31.9024 29.8161 2022 2023 179 164 254 2020 2019 2021 132.2873 114.1072 2022 2023 527.1595 475 745 2020 2019 2021 392.0411 392.0441 2022 2023包裝物料消耗量PACKAGINGMATERIALCONSUMPTION0.000042019 0.000042020 0.000042021 0.000042022 20230.00004持平Flat總計（公噸）Total (Tonne)無害廢棄物排放量（紙張+購物袋+包裝物料）NON-HAZARDOUSWASTEGENERATION (Paper + Shopping Bags + Packaging Material)* 2023比對2022百分比變動2023 vs 2022% Change強度（公噸╱每一百萬港元銷售額）Intensity (Tonne/HK$1m sales)0.5032019 0.4522020 0.5002021 0.3812022 20230.282 1,319855642 473 1,500 1,200 600 900 300 0 20222023201920202021 798紙張消耗量PAPERUSE總計（公噸）Total (Tonne)* 2023比對2022百分比變動2023 vs 2022% Change* 2023比對2022百分比變動2023 vs 2022% Change強度（公噸╱每一百萬港元銷售額）Intensity (Tonne/HK$1m sales)18 1087 20 15 10 5 0 2022202320192020202111 -12.50%*-26.32%*-6.54%* -13.74%* -16.71%* -15.42%*0.006992019 0.005982020 0.005852021 0.004712022 20230.00417-11.46%*-25.98%*總計（公噸）Total (Tonne)* 2023比對2022百分比變動2023 vs 2022% Change強度（公噸╱每一百萬港元銷售額）Intensity (Tonne/HK$1m sales)0.0972019 0.0652020 0.0602021 0.0462022 20230.028 257 10277.99 46.45 300 250 100 200 150 50 0 20222023201920202021 114-40.44%* -39.13%*購物袋消耗量SHOPPINGBAGCONSUMPTIONESG182023 ESGREPORT環境、社會及管治報告書Notes:1. GHGEmissions Due to our business nature, the significant air emissions of the Reporting Markets are the GHG emissions arising mainly from the use of electricity and fuels derived from fossil fuels. GHG emissions data is presented in carbon dioxide equivalent (in tonnes) and is computed with reference to:(i) the “2006 IPCCGuidelines for National Greenhouse Gas Inventories” issued by the Intergovernmental Panel on Climate Change (“IPCC”);(ii) the international reporting framework published by the World Resources Institute and the World Business Council for Sustainable Development, as reported in “The Greenhouse Gas Protocol: ACorporate Accounting and Reporting Standard”;(iii) the “Guidelines to Account for and Report on Greenhouse Gas Emissions and Removals for Buildings (Commercial, Residential or Institutional Purposes) in Hong Kong (2010 Edition)” issued by the Electrical and Mechanical Services Department and the Environmental Protection Department in Hong Kong;(iv) the sustainability reports of the Hong Kong Electric Company Ltd, the China Light and Power Company Ltd and the Companhia de Electricidade de Macau; and(v) the data published by the International Energy Agency. In order to provide a more comprehensive view of our GHG impact, we have further classified the GHG emissions of Giordano into 3 scopes (as below), which are defined in accordance with the international reporting framework published by the World Resources Institute and the World Business Council for Sustainable Development, as reported in “The Greenhouse Gas Protocol: ACorporate Accounting and Reporting Standard”:(i) “Scope 1” covers direct emissions from operations that are owned or controlled by the Reporting Markets, arising mainly from fuel used by our own corporate vehicles (excluding the vehicle fleets of our contractors);(ii) “Scope 2” covers “energy indirect” emissions resulting from the generation of purchased electricity consumed within the Reporting Markets (excluding electricity consumed in some retail outlets in departmental stores and/or shopping malls where electricity is not separately charged).(iii) “Scope 3” covers other indirect emissions include other indirect emissions that occurs outside the Reporting Market, including methane gas generation at landfill due to disposal of paper waste and electricity for water treatment. The calculation of methane gas generation at landfill due to disposal of paper waste is based on Appendix II “Reporting Guidance on Environmental KPIs” provided by HKEX. The calculation of electricity for water treatment is based on the standard of the Water Supplier Department and the Drainage Services Department of Hong Kong.2. In view of our business nature, Giordano is not aware of any significant generation of hazardous waste.3. Some retail stores operate in shopping malls and/or departmental stores where water supply and discharge are controlled by the building management. Thus, the retrieval of the relevant data is not feasible.4. There is no issue in sourcing water that is fit for the purpose during the daily operations of the Reporting Markets.5. The amount of paper use is the amount of paper purchased to support the daily operation of the Reporting Markets (excluding those of paper shopping bags and packaging material.)6. The amount of shopping bags consumed is the amount of paper and plastic shopping bags purchased for store use in the Reporting Markets.附註：1.溫室氣體排放基於業務性質，匯報市場的氣體排放以溫室氣體為主，主要源自使用由化石燃料轉化而成的電力及燃料。

溫室氣體排放的數據是按二氧化碳當量的方式呈列（以公噸為單位），並根據：(i)政府間氣候變化專門委員會（「 IPCC」）發布的《2006年IPCC國家溫室氣體清單指南》；(ii)世界資源研究所及世界可持續發展工商理事會刊發在《溫室氣體議定書：企業核算與報告準則》的國際報告框架；(iii)香港特別行政區政府機電工程署及環境保護署刊發的《香港建築物（商業、住宅或公共用途）的溫室氣體排放及減除的核算和報告指引（2010年版）》；(iv)香港電燈有限公司、中華電力有限公司及澳門電力有限公司的年度報告；及(v)國際能源署發布的數值計算。

為了更全面展示佐丹奴溫室氣體排放的情況，我們根據世界資源研究所及世界可持續發展工商理事會刊發在《溫室氣體議定書：企業核算與報告準則》的國際報告框架，進一步將佐丹奴的溫室氣體排放劃分為以下兩個範疇：(i) 「範疇1」涵蓋由匯報市場擁有或監控的業務直接產生的溫室氣體排放，主要源自公司車輛的燃油消耗（不包括我們承包商的車隊）；(ii) 「範疇2」涵蓋因在匯報市場內消耗的外購電力而引致的「間接溫室氣體」排放（不包括部分在百貨公司和╱或商場內的零售點，其電費並非單獨收取）。

(iii) 「範疇3」涵蓋因在匯報市場以外的其他間接溫室氣體排放，包括棄置廢紙所產生的甲烷和用水處理的電力乃根據香港聯交所提供的附錄二《環境關鍵績效指標匯報指引》計算所得。

水處理的電力乃根據香港水務署與渠務署的標準計算所得。

2.鑑於業務性質，佐丹奴沒有發現產生任何重要的有害廢棄物。

3.一些零售點在百貨公司和╱或商場經營，該處的用水供應及排污由大廈管理管控，故收集有關資料是不可行。

4.佐丹奴在匯報市場的日常營運中，並無尋求適用水源的問題。

5.紙張消耗量等同於匯報市場日常營運中購買的紙張量（不包括紙質購物袋和包裝物料）。

6.購物袋消耗量等同在匯報市場購買供店舖使用的紙質和塑料購物袋用量。

ESG192023 ESGREPORT環境、社會及管治報告書Paper ReductionThe Group continues to encourage a paperless working environment which not only reduces environmental damage but also fits commercial goals, as it can save physical space, facilitate information sharing via IT networks, and reduce complicated documentation procedures. In recent years, the Group has implemented paperless internal human resources processing such as employee timesheets, payrolls, leave applications, surveys, assessment papers, inspection forms and many more. In addition, the Finance department adopts a non-paper approval process for approving the payment of non-trade invoices and the claim of petty cash.Moreover, duplex printing and copying have become the norm within the Group, greatly reducing paper consumption and saving costs. Usage data of office printing machines are regularly collected and assessed for monitoring the efficiency of the paperless environment.Secure Printing with Tap & PrintThe Group has adopted a “Secure Printing with Tap & Print” printing solution in the office, helping the Group become more cost-efficient through smarter printing. The print solution enables the Group to achieve environmental objectives by reducing unclaimed printing, as printing is released only upon presentation of a staff card from that particular staff who gives the printing instruction.Corporate CommunicationsThe Company strongly recommends shareholders access its corporate communications, including financial reports, through the websites of the HKEX and the Company, instead of receiving printed form. By introducing electronic means of corporate communications to shareholders, the quantity of printed materials has been considerably reduced. This paperless practice thus helps to protect the environment, as well as save costs for printing and administrative charges, etc.Giordano’s City Centre Deira Store Awarded 4-Stars in Green Star Awards for Environmental Efforts and SustainabilityIn 2020, Giordano’s City Centre Deira store has been awarded 4 Stars in the Green Star Awards ceremony, which was held at the vibrant ‘INDOORS’ pop-up space in City Centre Deira, Dubai. Green Star is modelled on the United States ‘Leadership in Energy and Environmental Design’ standards (LEED), the points-based rating standard that concerns the design, construction, operation, and maintenance of green buildings, malls and neighbourhoods.減少紙張本集團繼續鼓勵無紙化的工作環境，不僅可減少對環境的破壞，亦具有多重商業裨益，包括節省空間、促進資訊科技網絡信息共享及減省繁複的文書程序。

近年來，本集團已實行內部人力資源無紙化流程，例如僱員工時表、糧單、假期申請、意見調查、評估報告、檢查表格及其他。

此外，財務部門對非貿易發票的支付和小額現金索取的核准採用無紙化審批流程。

另外，雙面列印及複印已成為本集團內部慣例，大大減少紙張消耗及節省成本。

本集團定期收集及評估辦公室打印機使用數據，以監控無紙化環境之成效。

安全拍卡列印本集團與其列印方案供應商合作，在辦公室採用安全拍卡列印方案，透過智能列印有助本集團達致更佳的成本效益。

由於作出列印指示的指定員工於列印時需要出示員工證方能進行打印，因此能減少無人認領列印的情況，從而有助本集團達到環保的目的。

公司通訊本公司極力推動股東利用香港交易所及本公司網站獲取公司通訊，包括財務報告並取代收取印刷版本。

通過向股東提供電子版公司通訊，印刷量可大幅減少。

此無紙化的做法既可保護環境，亦可節約印刷及行政費用等。

佐丹奴（迪拜）City Centre Deira商店榮獲環保和可持續發展之「綠色之星」4星獎於2020年，佐丹奴（迪拜）City Centre Deira商店在「綠色之星」頒獎典禮上榮獲4星獎獎項，該頒獎典禮在迪拜City Centre Deira的「INDOORS」期間限定店位置舉行。

「綠色之星」以參照美國「能源與環境設計領導力」標準(LEED)作為藍本，LEED是根據分數作為評級標準。

而評分準則以綠色建築、購物中心和社區的設計、建造、營運以及維修保養。

ESG202023 ESGREPORT環境、社會及管治報告書(1) Giordano places great emphasis on protecting the environment and natural resources. We strive to improve our technical know-how to minimize the negative impact on the environment during production and operations. We: take into account the environmental impact of our activities and decisions; continuously improve the environmental protection initiatives and st rengthen target and responsibi l i ty assessments , environmental protection supervision and management; and strictly control environmental risks.(2) Giordano fo l lows st r ict susta inable development pract ices throughout its operations, and places environmental protection as one of its top priorities in the process of supply chain management. We are concerned with the environmental risk factors in production, such as emissions and waste discharge. Thus, in the selection of our suppliers, their measure of protecting the surrounding environment is one of our key selection criteria.(3) Moreover, we introduce green elements into our products. For example, we use polypropylene as one of the major components of our G-Warmer thermal base layer collection. Polypropylene is degradable when exposed to heat and UV radiation, and is also fully recyclable. For our premium activewear brand, Silvermark by G-Motion, we began using fabrics treated with Teflon-EcoElite finishing since 2017, which is a non-fluorinated fabric treatment for durable water repellency with 60% of its raw materials being renewably sourced.(4) Furthermore, in support of environmental protection, we opted to charge more per plastic shopping bag than that requested under the Environmental Levy Scheme on Plastic Shopping Bags of the Government of the HKSAR; that is HK$1, to discourage the use of plastic bags and to encourage customers to bring their own bags.In addition, stores in the East China region are using paper shopping bags instead of plastic shopping bags.環境層面A3：減少對環境與自然資源的影響，以促進可持續發展Environmental Aspect A3: Minimizing impact on the Environment and Natural Resources for Sustainable Development(1)佐丹奴十分關注保護環境與自然資源。

我們竭力提高技術訣竅，減少在生產和營運過程中對環境帶來負面影響。

我們：在營運和決策時，會考慮對環境所帶來的影響；不斷改善環保措施，加強對目標和責任的評估以及對環保的監督和管理；及嚴格地控制對環境帶來的風險。

(2)佐丹奴在整個營運過程中依循嚴格的可持續發展措施，並把環保作為供應鏈管理的首要任務之一。

我們十分關注生產過程中對環境帶來的風險因素，如廢料的排放等。

因此，在揀選我們的供應商時，他們如何維護周遭環境是我們重要的考慮因素之一。

(3)此外，我們引入綠色環保元素於我們的產品中，其中一個例子是使用丙綸作為我們G-Warmer系列極暖衣的其中一種主要成分，丙綸會在熱能和紫外光照射下氧化降解，而且可完全回收、循環再用。

我們的高端運動品牌Silvermark by G-Motion於2017年開始在布料使用Teflon-EcoElite防潑水劑，這種化學劑能令布料防潑水的功效更持久，卻不含有毒的氟，而且百分之六十的原材料是可再生的。

(4)與此同時，由2016年1月1日起，我們的店舖收取塑膠購物袋徵費超過香港特別行政區政府的「塑膠購物袋徵費計劃」所規定，由每個HK$0.5增加至HK$1，為支持環保、減少使用塑膠袋及鼓勵客人自備購物袋。

另外，國內華東地區的門市全面使用紙袋代替塑膠購物袋。

ESG212023 ESGREPORT環境、社會及管治報告書In an effort to enhance transparency and consistency in communicating climate-related information to our stakeholders, the Group is committed to aligning our climate risk disclosures with the recommendations of the Task Force on Climate-Related Financial Disclosure (TCFD). In 2023, the Group initiated a process to improve our TCFD disclosures. This involved engaging an external consultant to conduct a review in 2023, aimed at identifying any gaps and areas for improvement in our current TCFD disclosures.GovernanceOur Board and RMCommittee oversee cl imate-related r isks and opportunities. They delegate the execution of climate-related operational activities to designated staff members, ensuring that our response to climate change is coordinated and effective.StrategyWe recognize that climate change is a significant issue that has far-reaching impacts. Changes in weather patterns, such as precipitation and extreme variability, could alter customer preferences for our apparel products, indirectly affecting our sales. Prolonged extreme weather could also increase our operating and maintenance costs, including transportation and insurance premiums. We are aware of these potential impacts and are developing strategies to manage them.Risk ManagementWe have a robust process in place to identify, assess, manage, and monitor climate-related risks. This includes regular risk assessments to evaluate the vulnerability of our business operations. We also review our risk inventory to identify any areas of climate-related risk that may have been overlooked.Metrics & TargetsWe are committed to reducing our environmental impact and have implemented measures to mitigate climate-related risks. These include maintaining comprehensive insurance coverage for assets that are prone to damage by extreme weather conditions, which helps to minimize potential maintenance and repair costs. In the event of extreme climate events, we have special work arrangements in place to protect the health and safety of our workforce.We are aware of the ongoing enhancement of emissions-reporting obligations and regulations of existing products and services, which may increase our overall operating costs. We are proactively planning for these changes and are committed to transparency in our climate-related disclosures.環境層面A4：應對氣候變化Environmental Aspect A4: Responding to Climate Change為了提高向持份者傳達氣候相關訊息的透明度和一致性，集團致力於使我們的氣候風險披露與氣候相關財務披露工作小組(TCFD)的建議保持一致。

2023年，集團啟動了改進TCFD披露的流程。

這涉及聘請外部顧問在2023年進行審查，旨在找出我們目前TCFD披露中的任何差距和需要改進的領域。

管治我們的董事會和風險管理委員會負責監督與氣候相關的風險和機會。

他們將與氣候相關的業務活動的執行委託給指定的工作人員，確保我們應對氣候變化的協調和有效。

策略我們認識到氣候變化是一個具有深遠影響的重大議題。

天氣模式的變化，例如降水和極端多變性，可能會改變客戶對我們服裝產品的偏好，間接影響我們的銷售。

長期的極端天氣也可能增加我們的營運和維護成本，包括運輸和保險費。

我們意識到這些潛在影響，並正在製定管理策略。

風險管理我們擁有健全的流程來識別、評估、管理和監控氣候相關風險。

這包括定期進行風險評估，以評估我們業務營運的脆弱性。

我們也檢視我們的風險清單，以確定任何可能被忽視的氣候相關風險領域。

指標與目標我們致力於減少對環境的影響，並採取措施減輕氣候相關風險。

其中包括為容易因極端天氣條件而損壞的資產提供全面的保險，這有助於最大限度地減少潛在的維護和維修成本。

如果發生極端氣候事件，我們會制定特殊的工作安排，以保護員工的健康和安全。

我們意識到現有產品和服務的排放報告義務和法規不斷加強，這可能會增加我們的整體營運成本。

我們正在積極規劃這些變化，並致力於提高氣候相關資訊揭露的透明度。

ESG222023 ESGREPORT環境、社會及管治報告書(1) As an international apparel retailer, Giordano’s retail network spans five continents operating through approximately 1,822 points of sales as of December 31,2023, which enables us to deliver our ‘World Without Strangers’ credo globally. For the Reporting Markets, our headcount reached 2,524 talents as of December 31,2023, with a 0.84% increase decrease from 2022:(2) Giordano believes that its long-term success depends on the contribution of each and every individual in the organization. As such, Giordano is committed to treating its staff with fairness and respect. We believe in cooperation, teamwork and trust as the foundation of Giordano. We hire based on ability and merit, reward and promote based on performance.Graph 2 20192020202120222023 2,0171,5151,4271,1761,210中國內地Mainland China20192020202120222023 923537527417432香港及澳門Hong Kong & Macau20192020202120222023 1,114893802758737台灣Taiwan20192020202120222023 218177149152145新加坡Singapore社會層面B1：僱傭Social Aspect B1: Employment匯報市場的員工分布TALENTDISTRIBUTIONBYTHEREPORTINGMARKETS(1)作為國際性的服裝零售商，佐丹奴的零售網絡遍佈五大洲。

截至2023年12月31日，我們約有1,822個銷售點，讓我們能夠在世界各地宣揚「沒有陌生人的世界」的信念。

截至2023年12月31日，我們在匯報市場內的員工人數已達到2,524人，比2022年上升0.84%：(2)佐丹奴相信，要獲得長遠成功，全賴機構內每一位成員的貢獻。

因此，佐丹奴以公平及尊重的態度對待員工。

我們相信，通力合作、上下一心和互相信賴是佐丹奴之根基所在。

我們在評選應徵者時會考慮其能力和長處，並按照員工的個人表現決定酬報和擢升。

圖2Caring for our Employees關顧著我們的員工ESG232023 ESGREPORT環境、社會及管治報告書Respecting and Reflecting DiversityWe believe in diversity and endeavour to safeguard a diverse working environment, which is reflected in the composition of our staff as demonstrated below:尊重和落實多元化我們認同並致力維護一個多元化的工作環境，可見於下圖我們的員工組合：Respecting and Reflecting DiversityWe believe in diversity and endeavour to safeguard a diverse working environment, which is reflected in the composition of our staff as demonstrated below:大於50歲> 50 years old2023236(9.35%)218 (5.1%)2019193 (6.2%)2020194 (6.68%)2021小於30歲< 30 years old1,878 (44.0%)20191,017 (32.6%)2020829 (28.54%)20212023562(22.27%)615 (24.57%)202230-50歲30-50 years old20231,726(68.38%)2,176 (50.9%)20191,912 (61.2%)20201,882 (64.78%)20211,677 (67.00%)2022211 (8.43%)2022僱傭類別分布Employment Type Distribution年齡分布Age Distribution3,011 (70.50%)20192,626 (84.11%)20202,295 (79.00%)20212,052 (81.98%)202220231,943(76.98%)全職Full-time兼職/合約Part-time / Contract1,261 (29.50%)2019496 (15.89%)2020610 (21.00%)20212023581(23.02%)451 (17.10%)2022男性Male女性Female2019 2020 2021 2022 2023 20.5% 19.6% 19.14% 19.70% 21.32% 78.0% 80.4% 80.86% 80.30% 78.68%男女員工佔比Staff Composition by Gender性別By Gender地區By Region45.70%香港Hong Kong70.37%台灣Taiwan16.76% 76.77%中國China新加坡Singapore僱員流失比率Turnover rate37.35% 42.14%男性Male女性Female年齡By Age93.46% 25.39% 23.27%小於30歲< 30 years old30-50歲30-50 years old大於50歲> 50 years old202320232023ESG242023 ESGREPORT環境、社會及管治報告書(3) A series of policies, handbooks and protocols are in place in Giordano to help build a workplace where our staff are treated fairly and equally, with their rights and interests being protected. These include:(i) Staff HandbookGiordano strictly complies with relevant labour laws and regulations. All staff are treated equally, and their employment, remuneration and promotion will not be affected by their social identities such as ethnicity, race, nationality, gender, religion, age, sexual orientation, political faction or marital status. All staff are required to acknowledge receipt of the staff handbook.(ii) Code of ConductGiordano believes that honesty, integrity and fairness are important values, and are crucial to our long-term development and success. Thus, the Code of Conduct has been established to convey our expected standards of conduct and practices to all staff, who are required to adhere to the highest standards of business and professional ethics so that we can earn the trust of our business partners and customers and grow our business.(iii) Whistle-Blowing PolicyTo create an open, transparent and safe working environment w h e r e s t a f f c a n s p e a k u p , w e h a v e a l o n g s t a n d i n g whistleblowing policy in place that al lows them to raise concerns and for Giordano to follow up cases in a systematic yet protective setting. The Company regularly updates the whistle-blowing policy.(4) The following people management arrangements are in place in Giordano to provide our staff with a better environment to work.(i) RemunerationGiordano offers competitive remuneration packages, share options and generous goal-oriented or performance-based bonuses tailored to different levels of staff, in order to reward and retain a high-calibre leadership team.(ii) Increasing Annual Leave EntitlementIn 2017, we largely increased the annual leave entitlement of staff in the Hong Kong and Macau markets. This not only allows them to have a better work-life balance and work performance, but also helps retain and recruit talent as well as enhance Giordano’s competitiveness.(3)佐丹奴有一系列僱傭政策、員工手冊和守則，以確保我們的員工可以在一個公平及公正的環境下工作，讓他們的權利和利益受到保障，包括：(i)員工手冊佐丹奴嚴格遵守相關勞工法規，對待所有員工都會一視同仁。

他們的受聘、薪酬和晉升不受他們的社會身份，如種族、國籍、性別、宗教、年齡、性取向、政治黨派或婚姻狀況所影響。

所有員工均須簽收員工手冊。

(ii)紀律守則佐丹奴相信誠信、正直和公平是重要的資產，亦是我們賴以長遠發展及成功的基石。

因此，紀律守則的建立旨在向員工傳達我們對其職業操守的準則，從而要求他們堅守最高的業務和專業道德標準，以贏取業務夥伴和客戶的信任，使業務持續增長。

(iii)密函檢舉政策為創建一個公開、透明和安全的工作環境，讓員工能夠坦言，我們一直設有密函檢舉的政策，容許員工提出任何疑慮，並使佐丹奴能有系統地在保密的環境下跟進事情。

密函檢舉政策會定期作出更新。

(4)佐丹奴有一系列的人力資源管理措施，為我們員工提供更佳的工作環境。

(i)報酬佐丹奴給予各職級員工具競爭力的薪酬待遇、購股權和以業績或表現為基礎的優厚獎金，以獎勵和留住高質素的領導團隊。

(ii)增加有薪年假於2017年，我們大幅增加了港澳區員工的有薪年假日數，這不僅使他們有更均衡的工作和生活模式以及提升他們的工作表現，也幫助留住和招聘人才，從而提高佐丹奴的競爭力。

ESG252023 ESGREPORT環境、社會及管治報告書(iii) Family-Friendly Employment Practices(a) Flexi-Time Arrangement at WorkWe want our staff to both enjoy and succeed at work and at home. This is one of the keys to both retaining high-quality staff and allowing them to thrive. That is why we strive to create a working environment which that caters for the needs of our staff and their families, with the introduction of flexitime work arrangements for office staff in Hong Kong and Taiwan from 2016. Concurrently, for our shop operations, we also adjust the front-line staff’s working hours to attract certain targeted manpower, e.g. homemakers and retirees.(b) Working from homeDuring the Covid-19 pandemic and for the sake of the health of our colleagues, the Company has encouraged staff to arrange more work from home, to reduce the need for going out and, thereby, reduce the risk of infection. The work from home arrangement remained open for our colleagues during 2023.(c) Supporting BreastfeedingIn support of our working mothers’ needs of pumping milk in the workplace, we have specially designated private space in the office of our Hong Kong Headquarters for breast milk extraction.(d) Early Introduction of 14-Week Extended Maternity LeaveIn advance of government enforcement, our Hong Kong Headquarters implemented an extended 14-week paid maternity leave policy from October 23,2018, taking care of the needs of parents working in our Hong Kong offices and on the front-line to look after their newborn babies.(e) Early Introduction of 5-Day Paternity LeaveMeanwhile, effective from November 13,2018, we also took an early lead in introducing the 5-day paternity leave for our male staff in Hong Kong, which is far ahead of the local legislation.(f) Shortened Daily Working Hours (Office)To further address staff’s work-life balance needs, a trial program first introduced in August 2018 to reduce working hours in the office of Hong Kong Headquarters by 1-hour per working day (i.e. from 9:00 a.m. to 5:00 p.m.) has been made permanent to fulfil individual employees’ personal and professional goals, effective from October 2018.(iii)家庭友善僱傭措施(a)彈性上班時間我們希望員工可以同時兼顧工作及家庭，這是留住高質素員工並讓他們茁壯成長的關鍵。

因此，我們致力營造一個能滿足員工及其家人需要的工作環境，並自2016年起率先在香港及台灣的辦公室實施彈性上班時間。

與此同時，就店舖營運而言，我們亦調整了前線員工的工作時間，更針對性地吸引某類人士加入，例如：家庭主婦和退休人士。

(b)家中工作於Covid-19大流行嚴峻的時刻，公司為著我們的同事的健康著想，已鼓勵同事多安排在家工作，減少外出的需要，從而以減少受感染風險。

在家工作的安排於2023年依然開放予同事。

(c)支持母乳喂養為令我們的在職母親能在工作間抽取母乳，我們在香港總部的辦公室特別為她們開闢了一個指定的私人空間，以便抽取母乳。

(d)率先推行延長至14周產假早於政府實施之前，我們香港總部由2018年10月23日起，率先實施延長至14周有薪產假政策，以便香港寫字樓及前線同事照顧新生嬰兒的需要。

(e)率先推行5天侍產假與此同時，由2018年11月13日起，我們也領先地為香港的男性員工提供為期5天的侍產假，遠遠早於本地立法。

(f)縮短每天工作時間（辦公室）為使員工進一步達致工作與生活的平衡，我們香港總部於2018年8月推出辦公室每天工作時間縮短一小時（即9:00 a.m. to 5:00 p.m.）的試驗計劃後，已於2018年10月轉為永久性的措施，以滿足員工個人及專業目標。

ESG262023 ESGREPORT環境、社會及管治報告書Giordano Taiwan was awarded the Blessed Enterprise Gold Award conferred by a job portal, 1111 Manpower BankIn 2022, Giordano Taiwan won the Blessed Enterprise Gold Award issued by 1111 Manpower Bank with the support of online voters for its positive corporate culture and mutually supportive working atmosphere. This award aims to recognize those candidates who have made breakthroughs in talent strategy management and individuals who have achieved outstanding achievements. Factors considered in the review include the support and care for employees, and leadership and management.(iv) Acknowledging Our Staff(a) Staff Commendation Award Scheme Commended cases:Not only do we circulate commendations from our customers who acknowledged our staff ’s good performance, but our Hong Kong Headquarters h a s a l s o a d d i t i o n a l l y i m p l e m e n t e d a “ S t a f f Commendation Award Scheme” since September 2016 to encourage and award staff with outstanding performance and/or s igni f icant contr ibut ions. Outstanding staff will be nominated every quarter and the winners will be awarded a Staff Commendation Certificate and a cash coupon as a token of our appreciation.台灣佐丹奴榮獲擁有領先地位的招聘網站頒發的幸福企業金獎於2022年，台灣佐丹奴憑藉其積極的企業文化和相互支援的工作氛圍方面的成就，在線民投票支持下，獲得由1111人力銀行頒發了幸福企業金獎的殊榮。

該獎項旨在表揚那些分別在人才策略管理方面有突破性的機構及個人取得卓越成就的參選者。

當中評審的考慮因素包括對員工的支持和關懷，以及領導和管理模式。

(iv)嘉許員工(a)員工嘉許獎勵計劃讚揚個案除了傳閱客戶讚揚員工的個案外，我們香港總部自2016年9月起亦增設「員工嘉許獎勵計劃」，以鼓勵及表揚在工作上有卓越表現及╱或顯著貢獻的員工。

每季部門主管及店舖主任會提名傑出表現的員工，經審核後員工會獲頒贈嘉許證書及現金券，以示鼓勵。

ESG272023 ESGREPORT環境、社會及管治報告書(c) Long Service AwardIn recognition of the loyalty and commitment of our longserving staff, we present Long Service Awards annually to staff who have served the Company for 5 years,10 years and 30 years, respectively.(b) Employee Recognition CeremoniesThe Employee Recognition Ceremonies were introduced to recognize employees that have gone above and beyond the call of duty at work during these challenging times. The event allows the Group’s executive management to publicly acknowledge the staff that has exceeded expectations, as well as to foster a greater sense of belonging among Giordano employees.While the Covid-19 pandemic has indeed forced us to better manage our expenses, it has also allowed us to take a more innovative approach towards assessing and allocating our human resources, allowing us to identify our best performers and incentivize them accordingly with enhanced responsibilities, promotions and better remuneration.(b)優秀員工典禮佐丹奴集團舉行線上致謝優秀員工典禮原意是在此充滿挑戰性的時刻表揚工作表現出眾的員工，公開嘉許他們高於預期的工作表現，令佐丹奴員工增添歸屬感。

雖然Covid-19大流行確實帶來了很多挑戰，但它亦驅使我們採用更創新的方法來評估和分配人力資源，從而使我們能夠找出表現卓越的員工並相應地透過增強員工的責任、晉升和薪酬來激勵他們。

(c)長期服務獎為了表揚在香港總部長期服務的忠誠盡責的員工，我們每年均會頒發長期服務獎予在公司服務滿五年、十年及三十年之員工。

ESG282023 ESGREPORT環境、社會及管治報告書(v) Staff ActivitiesTo reinforce the staff’s sense of belonging to Giordano with a healthy work-life balance, we arrange a wide range of staff activities every year. This year, we organized certain group activities for staff to participate in.(v)員工活動為加強員工對佐丹奴的歸屬感及讓他們擁有健康均衡的工作和生活模式，我們每年都安排了一系列員工活動。

今年，我們組織了若干活動，讓員工參加。

中國市場China Market華東地區－兔年開工大吉送禮活動South China Region – The Year of the Rabbit kick-off gift-giving campaign華西地區－團建West China Region - Team BuildingESG292023 ESGREPORT環境、社會及管治報告書社會層面B2：職業健康與安全（職安健）Social Aspect B2: Occupational Health and Safety (OHS)(1) OHS is a crucial component of Giordano’s overall safety framework, and reducing health and safety risks in the workplace is an important and constant objective. In addition to a long history of no-smoking policy at the workplace, we continued to reinforce our strong leadership, management system and training programs in 2023, so as to strengthen our safety culture and enhance our overall OHS performance. As of last year, Giordano is not aware of any noncompliant cases relating to OHS.Information related to work-related fatalities and injuries cases during 2023 are as follows:因工身亡及受傷Work-related fatalities and injuries 202320222021已發生因工身亡事故的人數Number of work-related fatalities occurred000已發生工傷次數Number of work-related injuries occurred25247因工傷已損失的工作日數Number of working days lost due to work-related injuries1,362713114(2) To ensure a safe working environment, we:(i) provide intensive training programs for our staff to improve their safety awareness;(ii) regularly monitor workplace safety, particularly with District Supervisors allocated to supervise and monitor shop and warehouse operations, to ensure each phase of which operates safely by facil itating necessary tools with a safe working environment; and(iii) carry out workplace tidiness at our offices, warehouses and shops to reduce workplace hazards.(a) Hosting the webpage “Tips on Occupational Health & Safety” on the Company’s Intranet(b) Office Inspection Report Conduct regu la r o f f i ce work ing env i ronment inspection to promote cleanliness, fire safety and work safety.(1)職安健是佐丹奴整體安全框架的重要部分，故在工作場所減少健康和安全風險是一項重要和長期的目標。

除了歷史悠久的無吸煙政策外，我們在2023年繼續加強領導、管理系統和培訓，以強化安全文化和提升整體的職安健表現。

過去一年，佐丹奴沒有發現任何與職安健有關的違規事件。

於2023年年度，有關因工身亡及受傷的資料如下：(2)為確保一個安全的工作環境，我們︰(i)提供密集培訓，以提高員工的安全意識；(ii)定期監察工作場所的安全，特別是分派區域主任指導和監督店舖及倉庫營運，並提供所需的器具和安全的工作環境，以確保每個階段都操作安全；和(iii)在辦公室、倉庫和店舖執行工作場所整潔大行動，以減少工作場所的潛在風險。

(a)公司內聯網上設有「職業安全及健康小百科」的專頁(b)辦公室巡查報告定時檢查辦公室工作環境以提高清潔，防火安全及職業安全。

ESG302023 ESGREPORT環境、社會及管治報告書(iv) Staff Satisfaction SurveysEach year, Giordano conducts staff satisfaction surveys to collect useful feedback as reference for improving our policies.(v) We have implemented the following measures for maintaining the office hygiene: Providing alcohol sprays and wipes, hand sanitiser and face masks, etc. The Company distributes a small bottle of disinfectant to each colleague and reminds them to disinfect their workbench or surrounding areas frequently. The Company also provides protective and sanitization equipment, such as masks for frontline store colleagues to protect the health of colleagues and customers. Strengthened disinfection and sanitization:The Company has strengthened the cleaning of toilets and the pantry, and regularly sprays and disinfects carpets.(iv)員工滿意度調查每年，佐丹奴均會進行員工滿意度調查，以取得有用的回饋，作為制訂公司政策時的參考。

(v)我們實行以下措施維持辦公室的衛生：提供酒精噴霧劑和濕紙巾、便攜消毒液及口罩等。

公司向每位同事派發一支的小型消毒液，提醒同事經常為自己的工作枱或周邊進行消毒。

並為前線門市同事提供口罩等防護和消毒用具，保障同事及客的健康。

加強消毒：公司已加強洗手間、茶水間清潔，以及定時噴灑消毒地毯。

ESG312023 ESGREPORT環境、社會及管治報告書社會層面B3：人才發展及挽留策略Social Aspect B3: Talent Development and Retention Strategy(1) Giordano encourages learning and recognizes that values and fairness, as well as opportunities for continuous professional and personal development, are equally important drivers for high achievers. As such, we invest heavily not only in comprehensive staff training and development programs in sales and service, but also in management, planning and leadership programs, to address staff’s professional and personal development needs and to retain a skilled and motivated workforce.(2) Pursuant to our 3E (i.e. Economy, Efficiency and Effectiveness) policy, Giordano conducted a review of the team structure by department heads in 2016 and identified talents for focused development in the coming years. This remains ongoing.(3) Giordano has always placed a strong focus on cultivating talent with an international perspective, insight into international practices and strong competitiveness.(i) Ever since the 1990’s, Giordano has operated a Management Trainee (the “MT”) program to nurture retailing talents, with satisfactory results.(ii) In 2014, we modified and upgraded our MTScheme in the Hong Kong Headquarters to ensure that participants received a holistic and comprehensive training experience, such that upon graduation, successful graduates could be placed directly into mid-management roles. With the renaming of MTs as Fast- Trackers (the “FTs”), this reform included a tightening in our admission requirements in terms of academic results and a restructuring of the syllabus to include real business tasks in various departments and functions within Giordano. Successful graduates have now taken on a number of important roles, including product development and management as well as brand management. Some of them have even been stationed in overseas regions.(iii) In 2017, we also extended this Hong Kong-style FT program to our Mainland China market to cultivate more retailing talents for our future growth.(4) Global Talent Development & Retention Initiative (“TDRI”) is one of our key strategic programmes in the coming years. Apart from hiring FTs externally, we have turned to pinpoint and groom our existing talents within the Group’s business across all regions.Further to the nomination by regional General Managers of between 1 to 3 talents with (i) proven contribution towards their business; and (ii) potential to become a future member of senior management, bespoke and role-specific 1-year development program involving overseas events and short-term postings have been devised and executed.(1)佐丹奴對鼓勵員工學習一向不遺餘力，我們認為價值觀、公平、持續的專業及個人發展機會是成功者致勝的關鍵。

因此，我們不僅著重員工在銷售和客戶服務方面的全面培訓和發展，也在管理、規劃和領導才能方面提供訓練，以迎合員工的職業和個人發展需要，並挽留有經驗及積極進取的工作團隊。

(2)配合3E（即經濟、效率和果效）政策，佐丹奴於2016年展開了由部門主管進行的團隊檢視，以識別人才作來年重點培育發展。

這仍在進行中。

(3)佐丹奴非常重視培育人才，使其具備國際視野、洞察國際慣例和具有強勁的競爭力。

(i)自九零年代起，佐丹奴透過管理實習生（「MT」）計劃，積極培育零售人才，成果令人滿意。

(ii)在2014年，我們在香港總部恢復MT計劃，並大幅度修改及提升課程內容，以確保參與者得到一個整全的培訓經驗，令畢業生能直接被委任至中層管理角色。

隨著改稱實習生為速成者（「FTs」），這次改革包括提高速成者在學術水平的要求及調整培訓大綱，以涵蓋公司內各部門和職能的實際職務。

這批成功畢業的速成者現已擔任一些重要的角色，包括產品開發和管理以及品牌管理，且有些已進駐海外。

(iii)於2017年，我們也將這個香港模式的速成者課程擴展至中國內地，為我們未來的發展培養更多的零售人才。

(4)全球人才發展與人才留任計劃是我們未來幾年的主要策略項目之一。

我們除了從外部聘請FT，現在還在所有區域內選定集團業務中現有的人才，重點培訓他們。

區域總經理會提名選出1至3名人才，他們必需是(i)對業務有所貢獻；及(ii)有潛質於日後成為高級管理層。

他們會加入為他們量身訂造，為期一年的發展計劃，計劃包含參與海外活動和執行短期任務。

ESG322023 ESGREPORT環境、社會及管治報告書(5) Internship Programme(i) In 2021, Giordano Saudi Arabia recently rolled-out its new internship programme, in conjunction with the Jeddah Chapter of the Entrepreneur Organization.The innovative internship programme has been tailor-made for the Saudi market, offering participants a full range of site visits and tours, followed by work experience in both Giordano’s retail stores and in their preferred functional departments at the Company’s regional headquarters, taught sessions in the realms of sales and marketing and visual merchandising, and culminating with a final assessment and the issuance of a completion certificate.The aim is to maximize the interaction between the Company and the participants, striking a balance between conveying our core values while allowing the interns to make decisions about their participation early on, to identify potential talent for long term development.(ii) On March 2022, Giordano’s South China Command Centre (“Giordano South China”) has established a 3-year school enterprise partnership programme with the Guangzhou Liwan District Foreign Language Vocational High School (“Liwan High School”).Under the mutually-beneficial programme, students from Liwan High School will be able to gain first-hand knowledge of Giordano South China’s business management experience as well benefit from mentorship arrangements, while Giordano South China will be able to identify and pursue high-flyers as future recruits.Over 170 students participated in the presentations and 20 successful applicants to the programme will have a 18-week elective course provided by Giordano implemented into the school semester, in areas such as basic business management, bookkeeping, visual merchandising and customer service, followed by a 6-month internship programme at Giordano’s business operation units will be offered.(6) Giordano invests heavily in learning and development to maintain its competitive edge. We believe that continuous updating of professional skills and the sharing of knowledge will allow the Company to grow with the times. We, therefore, allocate ample resources to staff training and development with the aim of sustaining a competent, professional and ethical staff force that will contribute to the success of the Company. In 2023, we have provided in-house training to our frontline staff and non-frontline staff of the Reporting Markets for over 7,860 hours and 1,795 hours, respectively. The total number of training hours delivered this year is over 9,654 hours.(5)實習計劃(i)在2021年，佐丹奴沙特阿拉伯與企業家組織吉達分會聯手推出實習計劃。

這創新的實習計劃是專為沙特市場定制，為參與者提供全方位的實地考察和參觀，然後在佐丹奴的零售店和公司區域總部的部門作自選職能工作並獲取經驗；及在公司區域總部進行授課，包括銷售和市場營銷以及視覺採購領域，並進行最終評估並頒發參與證書。

我們的目標是促進公司與學員之間的互動，在傳達我們的核心價值和讓實習生儘早做出參與決策之間取得平衡，以發掘每位學員的潛質並作長期的發展。

(ii)於2022年3月，佐丹奴華南指揮中心（「佐丹奴華南」）與廣州市荔灣區外國語職業高中（「荔灣中學」）訂立了一個為期3年的校企合作計劃。

在這個互利的計劃內，荔灣中學的學生能夠在導師指導及安排下優先獲得佐丹奴華南商業管理經驗的第一手知識而獲益良多；佐丹奴華南則能夠物色和尋找優秀人才作為未來的精英。

超過170名學生出席了校園演講，當中成功申請該計劃的20名學生將在學期中選讀佐丹奴提供為期18星期（每兩星期一門課程）的選修課程，除涵蓋基本商業管理、簿記、視覺行銷和客戶服務等範圍外，隨後將在佐丹奴的業務營運部門參與為期6個月的實習計劃。

(6)佐丹奴一向致力投資於員工學習和發展，以維持其競爭優勢。

我們相信「持續更新專業才能，不斷分享新知」才能與時並進。

我們投放了很多資源在員工的培訓和發展上，來維持一個能幹、專業和具職業操守的工作團隊，以助公司邁向成功。

於2023年，我們為匯報市場的前線員工和非前線員工分別提供了超過7860小時及1759小時的內部培訓。

今年匯報市場的員工培訓總時數超過9654小時。

ESG332023 ESGREPORT環境、社會及管治報告書Notes:1. The percentage of employees trained by employment in 2023 is 75.07% and 34.67% for frontline staff and non-frontline staff, respectively.2. The percentage of employees trained by gender in 2023 is 37.73%and 64.35%for men and women, respectively.3. The average training hours completed per employee by gender category in 2023 are 2.00 hours and 4.84 hours, for men and women, respectively.4. The average training hours completed per employee by employee category in 2023 is 5.83 hours and 1.91 hours for frontline staff and non-frontline staff respectively.(7) People-Oriented Staff DevelopmentBased on our staff’s different needs, we regularly organize internal training and on-job training for staff in different roles – this not only improves our staff’s work performance, but also helps equip them with new skills to face new challenges.附註：1.於2023年，按員工類別劃分的受訓前線員工及非前線員工百分比，分別為75.07%及34.67%。

2.於2023年，按性別劃分的受訓男性及女性僱員百分比，分別為37.73%及64.35%。

3.於2023年，按性別劃分，每名男性及女性僱員完成受訓的平均時數分別為2.00小時及4.84小時。

4.於2023年，按僱員類別劃分，每名前線及非前線員工完成受訓的平均時數分別為5.83小時及1.91小時。

(7)以人為本、培育成功特質我們針對不同的工作需要，定期為各個崗位的員工舉辦內部培訓及在職進修課程，務求提升員工工作表現外，亦藉此讓他們自我增值，迎接新挑戰。

年份Year前線員工Frontline Staff非前線員工Non-Frontline Staff員工接受培訓的總時數Total in-house Training Hours Received201920,1372,99923,136 202015,5344,28819,822 202113,5601,60915,169 202217,5982,22419,88220238,738小時Hours 1,953小時Hours 10,690小時Hours* 2022比對2021百分比變動 2022 vs 2021% Change員工接受內部培訓的總時數TOTALIN-HOUSETRAININGHOURSRECEIVEDBYSTAFF-46.23%*-50.35%* -12.19%*圖4 Graph 4佐丹奴自2012年起參與由僱員再培訓局舉辦的人才企業嘉許計劃。

Giordano has participated in the Manpower Developer Award Scheme organized by Employees Retraining Board since 2012.ESG342023 ESGREPORT環境、社會及管治報告書中國市場China Markets(a)員工入職講座Induction Talk for New StaffOrientation for staff in Dongguan Design centreA total of 61 new employees were given induction training at the Dongguan Design Center, including 16 new colleagues who will join the company in 2023 and 45 existing colleagues who are interested in the course. The training method is on-site teaching, and the course content includes: company profile, organizational structure, corporate culture, human resources and attendance-related matters.東莞設計中心員工入職指南東莞設計中心新員工入職培訓共計61人，包括2023年入職的員工16位新同事以及對該課程感興趣的45位現職同事。

培訓方式為現場授課，課程內容包括：公司簡介、組織架構、企業文化、人力資源及考勤相關事項。

In response to talent needs, Giordano Taiwan continues to develop recruitment channels. In addition to continuously recruiting through 104 Manpower Bank and 1111 Manpower Bank, Giordano Taiwan also cooperates with the government’s gradual unblocking policy of the epidemic, and then signs up for large-scale job fairs, actively explores talent recruitment channels, increases multiple recruitment channels, and improve talent recruitment flexible use.台灣佐丹奴因應人才需求持續開發招聘人員管道，除不斷透過104人力銀行、1111人力銀行招募外，亦配合政府疫情逐步解封政策，進而報名大型就業博覽會，積極開拓徵才渠道，增加多元的招募管道，提高徵才的彈性運用。

(b)招聘渠道開發Recruitment channel developmentESG352023 ESGREPORT環境、社會及管治報告書In addition to strengthening the basic skills, we equip staff with the latest information and knowledge, so that they could carry out their duties to the highest standards.FW23-Product Knowledge course- provide basic product knowledgeFW23-產品知識課程-提供基礎產品知識除了鞏固員工的基本技能外，複修培訓也使員工具備最新的資訊和知識，以便履行職責時達致最高水平。

(c)複修培訓Refresher Training台灣市場Taiwan Market– The external training programs that the shop staff attended are Service Challenges, Customer Management and for senior in charge is productivity management.– Assessments are done one to one oral exams.–店員參加的外部培訓項目有關服務挑戰、客戶管理；高級負責人參加的培訓項目是生產力管理。

–評估方式為一對一的口試。

新加坡市場Singapore MarketESG362023 ESGREPORT環境、社會及管治報告書– Upselling Training for shop staff and practice and application in the shop. In line with the ongoing product knowledge training for core items and new launch, we also do upselling training to all staff and encourage them to share in the chatgroup to create more energy and encouragement to everyone. There are sometimes incentive programs to get meal vouchers for top sellers too!–對店員進行追加銷售培訓，並在店內實踐和應用。

在對核心產品和新推出產品進行持續的產品知識培訓的同時，我們也對所有員工進行追加銷售培訓，並鼓勵他們在聊天群組里分享，為大家創造更多的能量和鼓勵。

有時，我們也會為銷售量最好的員工提供餐券獎勵計劃！– Coaching program for new in charge.We continue to do coaching training to new in charge and do weekly check on their progress in the operation knowledge and how to coach their team for productivity and sales.–新負責人輔導計劃我們將繼續對新任負責人進行輔導培訓，並每週檢查他們在營運知識以及如何指導團隊提高生產力和銷售額方面的進展。

ESG372023 ESGREPORT環境、社會及管治報告書東莞設計中心Dongguan Design Centre– Design software training– Design Center Sharing Session– Business trip/exhibition sharing session– Training on how to fill the PDR, special additional deductions in private pension, etc.West China region– 23SSProduct Knowledge Training – To help store colleagues understand the characteristics of spring and summer main products and introduce product matching skills through videos, allowing colleagues to learn from each other and master 100% product knowledge, ultimately passing on the product advantages to customers.– Summer Study Campaign – To capitalize on the off-season and prepare for autumn and winter sales, it is beneficial to utilize on-site practice, case sharing, and role-playing within the store. This approach enables core talents of the store, such as the store manager and shift employees, to efficiently and proficiently master management and sales skil ls. These skil ls include the implementation and application of the 5R management principles in the store, handling emergencies, and strategizing for large-scale holiday.– Service starts from the heart – Continue to promote service, so that everyone can serve from the heart. Ensure Giordano high service quality and 0 customer complaints!– Display PK match – Continue to promote the tangible display project, improve the level of terminal VM, and enhance the display awareness of colleagues. Begin with the end in mind and improve the ATV of the store.– Business management workshops supplement learning – In 2023, CEOPeter supplemented the “Enterprise Management Workshop” with the initial intention of fostering unity and taking steady steps towards the visionary goals, passing on the torch. The department heads of the Wuhan Command Center conducted additional learning and sharing sessions for the Enterprise Management Workshop.Guangdong– Live product knowledge, Store Operations and In-store cashier courses–設計軟件培訓–設計中心分享環節–商務旅行及展覽分享環節–就如何填寫PDR、私人退休金的特殊額外扣除等問題進行培訓。

華西地區–產品知識培訓—幫助門市同事了解春夏季主打產品的特點，並透過影片介紹產品搭配技巧，讓同事之間相互學習，100%掌握產品知識，最終將產品的優勢傳遞給顧客–暑期學習活動—為了利用淡季為秋冬季銷售做準備，在店內利用現場實踐、案例分享和角色扮演等方式是非常有效的。

這種方法能讓店長和輪班員工等店內核心人才有效率、熟練地掌握管理和銷售技能。

這些技能包括在店內實施和應用5R管理原則、處理突發事件以及製定大型假日活動策略等。

–服務從心開始—繼續提倡服務，讓每個人都能發自內心地服務。

確保佐丹奴品質高的服務，顧客零投訴！–陳列PK賽—繼續推進有形陳列項目，提升終端VM水平，增強同事陳列意識。

以終為始，提升門市ATV。

–企業管理研修班補充學習—2023年，CEO彼得參與了「企業管理研修班」，初衷是促進團結，朝著願景目標穩步邁進，薪火相傳。

武漢指揮中心各部門負責人為企業管理工作坊進行了補充學習與分享。

廣東地區–現場產品知識、店鋪營運與店內收銀課程中國市場China Market ESG382023 ESGREPORT環境、社會及管治報告書Provide the following training to all frontline staff, including:– Product knowledge – provide basic textile and new products knowledge– Workplace health & Safety Training – provide workplace safety knowledge and how to handle emergency cases– Health talk – encourage staff wellness– ICAC talk – raise of awareness of staff’s professional ethnic– Legal aspect talk – enhance staff awareness of using new technology– Fashion knowledge sharing – strenghthen top sales’s sales technique and knowledge– MPF shar ing sess ion – in t roduce and update the fund performance– Service Sharing session – to share and upgrade the sales technique為所有前線員工提供以下培訓，包括–產品知識－提供基本的紡織品和新產品知識–工作場所健康與安全訓練—提供工作場所安全知識以及如何處理緊急情況–健康講座—鼓勵員工專注於健康–廉政講座—提高員工的職業操守意識–法律講座—提高員工使用新科技的意識–時尚知識分享—加強高階銷售人員的銷售技巧和知識–強積金分享會—介紹及更新基金表現–服務分享會—分享及提升銷售技巧香港市場Hong Kong MarketESG392023 ESGREPORT環境、社會及管治報告書e-Learning course “Awareness Training on Phishing – Giordano”In order to improve the cybersecurity awareness of all our staff, we have engaged a service provider to launch an e-Learning course “Awareness Training on Phishing – Giordano” for our staff in the second half of the year. Phishing is one of the most popular cybersecurity attacks. According to the data provided by the International Security Institution, corporate intrusion is often initiated by phishing emails. Strengthening our defence against phishing attacks can greatly reduce the likelihood of security incidents. It is noticed that our staff are more vigilant about the potential phishing email after the e-Learning period. The percentage of clicks on phishing emails has significantly dropped from 20% (1st round phishing simulation) to 1% (2nd round phishing simulation), which is far below the average of the retail industry.In addition, the IT department has repeatedly reminded colleagues to guard against hackers that may target the Company’s computers. Colleagues should not open links and files in emails at will. If the Company suffers losses due to the negligence of a computer user, the colleagues may well be held liable.(i) Internal TrainingOther internal training programs are designed to help staff develop their capabilities, advance their careers and enhance their management and interpersonal skills.佐丹奴防範網絡釣魚意識培訓網上課程為提高各員工的保安意識，我們聘請服務供應商於本年度下半年向員工提供防範網絡釣魚意識培訓網上課程。

由於網絡釣魚攻擊是現時最流行的其中一種網絡攻擊手法，根據國際保安機構所公開的數據顯示，針對企業的入侵往往也是由發出釣魚電郵開始，如能夠增強防範網絡釣魚攻擊將可大大減少發生其餘的保安事故。

值得注意是在完成網上課程後，我們的員工對可能的網絡釣魚攻擊電子郵件更加警惕。

網絡釣魚電子郵件的點擊百分比已從20%（第一輪網絡釣魚模擬）顯著下降到1%（第二輪網絡釣魚模擬），這遠低於零售行業的平均水準。

另外，電腦部亦曾多次提醒各同事要提防駭客入侵公司電腦，不應隨意開啟電郵中的連結及檔案，如因同事疏忽使用電腦而導致公司有損失的話，同事很可能承擔責任。

(i)內部培訓其他內部培訓課程旨在協助員工發揮潛力、發展事業和提高他們的管理和人際技巧。

G-Learning – Online training resources on Cyber Security Awareness TrainingG-Learning –網上培訓資源–網絡安全意識培訓ESG402023 ESGREPORT環境、社會及管治報告書(ii) Giordano Corporate Management GuideGiordano’s core values, corporate culture and accumulated experience are all part of our success story. Led by our Chairman and Chief Executive, Dr Lau Kwok Kuen, Peter, together with the contribution of staff members from various departments, we have summarized this information into four guide books for staff’s handy reference. It is hoped that, by turning tacit knowledge built on experiences, aptitudes and know-how into explicit knowledge, our staff could benefit in the long term.(iii) G-Learning PlatformThe Company provides online platform to allow colleagues to continue learning without restriction no matter where they are, and provides learning opportunities for colleagues in different forms.(ii)佐丹奴企業管理筆記簿植根於佐丹奴多年的核心價值，企業文化和豐富經驗是我們成功的要素。

在主席兼行政總裁劉國權博士帶領下，佐丹奴集合不同部門同事的力量，將這些寶貴的資料輯錄成四冊筆記簿，供員工隨時參考。

我們希望將經驗、才能和專業知識揉合而成的寶貴知識，由口耳相傳轉為淺白的文字，讓我們的員工能長遠地得益。

(iii)佐丹奴線上學習平台G-Learning公司提供網上平台讓同事不論在任何地方都能夠不受限制地持續學習，並以不同的形式為同事提供學習機會的平台。

ESG412023 ESGREPORT環境、社會及管治報告書(iv) Self-Learning SchemeThrough the Self-Learning Scheme adopted since 1999 in Hong Kong Headquarters, we foster a continuous learning atmosphere to promote staff ’s individual init iative and responsibi l i ty for development by self-learning.(v) Survey on Training NeedsEach year, we conduct a survey to understand our staff’s expectations and needs for training, which aids in designing the useful and practical training programs for them in the following year.(vi) Training Subsidies(a) Study Allowance SchemeTo encourage our staff to enhance their knowledge and skills for personal growth, which benefits their work performance and future career development, Hong Kong Headquarters has set up a “Study Allowance Scheme” to subsidize our staff in taking external work-related training courses.(b) Management Academic Assistance SchemeThe “Management Academic Assistance Scheme” has been implemented since September 2016, which is designed to develop existing and potential management talent at Hong Kong Headquarters through financial support to successful appl icants who wish to pursue h igher educat ion, such as studying undergraduate, or postgraduate degrees or attainment of professional qualifications or accreditation.(iv)自導學習計劃自1999年起，香港總部透過「自導學習計劃」，營造持續學習氣氛，引導每位員工自我鞭策、自我增值。

(v)培訓需求問卷調查我們每年都進行培訓需求問卷調查，以了解各職級員工的培訓期望和需要，從而於來年為他們設計合適的課程，提高課程的實用性。

(vi)進修津貼(a) 「進修津貼計劃」為鼓勵員工增進知識及技能，促進個人成長，使其在工作表現及未來事業發展上均獲得裨益，香港總部設立了「進修津貼計劃」，以資助員工報讀與工作相關的外間訓練課程。

(b) 「學術進修資助計劃」「學術進修資助計劃」已於2016年9月實施，為香港總部合資格及有志於進修的現任管理人員及有潛質的未來管理人才提供資助，以修讀更高學歷，如學位課程、碩士學位課程或其他專業資格課程等。

ESG422023 ESGREPORT環境、社會及管治報告書Safeguarding the rights of employees and creating an environment of respect, integrity and fairness for employees is of paramount importance to the Group. Giordano prohibits the employment of child, forced or compulsory labour in any of its operations, including at suppliers’ production facilities.The Internal Audit, Quality Assurance and Human Resources departments implement a comprehensive checking systems during the recruitment process to ensure compliance with all the applicable laws and regulations regarding employment and labour standards. If child or forced labour is found in any place of production, the Group will warn the particular supplier. If repeated violations occur, the Group will terminate all business with the supplier concerned.In 2023, we did not identify any operation or suppliers having significant risks of child labour, workers exposed to hazardous works, or forced or compulsory labour.保障僱員的權利並為僱員創造一個相互尊重、誠實及公平的環境乃本集團的重中之重。

在營運的過程中，包括我們供應商的生產設施，佐丹奴禁止僱用童工、強迫或強制勞動。

於招聘過程中，內部審計、品質保證及人力資源部實施全面檢查制度，以確保遵守有關僱傭及勞工準則之所有適用法律及法規。

於任何生產場所發現童工或強制勞工，本集團將對該供應商提出警告。

如果一再發生違規行為，本集團將終止與有關供應商之所有業務。

在2023年，我們沒有發現任何營運過程或供應商有僱用童工、迫使工人執行危險工作、強迫或強制勞動。

社會層面B4：勞工標準和人權政策Social Aspect B4: Policies on Labour Standards and Human RightsESG432023 ESGREPORT環境、社會及管治報告書佐丹奴GIORDANO社會層面B5：高效的供應鏈管理Social Aspect B5: Efficient Supply Chain ManagementAt Giordano, supply chain management is based on the premise of satisfying customers’ needs, and better coordination among the various functions of our business, such as the supplies, manufacturing, warehousing and distribution through better planning and information sharing. With more effective integration of resources, we thus reduce costs and maximize efficiency.As of December 31,2023, Giordano has a total of 145 suppliers, located in different parts of the world:佐丹奴的供應鏈管理是以滿足顧客需要為大前題，藉著完善的計劃和信息共享，充分地協調供應、製造、倉儲、配送等各環節。

當資源能更有效地整合起來時，我們就能降低成本，使效益最大化。

截至2023年12月31日，佐丹奴共有145家供應商，分布在世界各地：Caring for our Suppliers關顧著我們的供應商CHINA (including Hong Kong)中國（包括香港）SOUTHEASTASIA東南亞EUROPE欧洲REST of the WORLD世界其他各地113 (90.40%)2 (1.60%)9 (7.20%)1 (0.80%)供應商的地域分布Suppliers by Suppliers by Geographical Region2023EUROPE欧洲REST of the WORLD世界其他各地3 (2.6%)20197 (6.1%)2019SOUTHEAST ASIA東南亞11 (9.7%)20199 (7.1%)20207 (5.6%)20205 (4.0%)2020CHINA(including Hong Kong)中國（包括香港）93 (81.6%)2019105 (83.3%)2020108 (87.1%)202112 (9.7%)2021 020214 (3.2%)2021131 (90.34%)20229 (6.21%)20222 (1.3%)20223 (2.07%)2022ESG442023 ESGREPORT環境、社會及管治報告書We have established a complete supplier quality assurance mechanism, which covers the approval and evaluation of suppliers, quality inspection and supervis ion, strategic suppl ier development and mater ia ls procurement. Furthermore, we actively promote the sustainable development of our supply chain and the joint fulfilment of corporate social responsibility with our partners to provide the public with high quality products and services. As such, supply chain management is always one of the key links in Giordano’s quality control system.(1) Ethical SourcingAs supply chain management is critical for Giordano’s success, we work closely with suppliers to ensure that they comply with our quality, performance and not least labour standards. In particular, we expect them to comply with the below “Core Ethical Sourcing Requirements”: only employs workers that are above the local legal minimum age; does not use forced or prison labour in any part or aspects of its facilities; does not, or threaten to, physically abuse its workers; does not contravene local environmental laws and regulations; provides a safe and healthy work environment for its workers; and compliant with our various standards and committed to following up on corrective actions.We aim to do business with those suppliers sharing similar values and principles, and intend to purchase from those who meet our above “Core Ethical Sourcing Requirements” and have improving their standards on labour, health and safety, and environmental demonstrated a commitment to practices. Thus, prior to engagement, new suppliers are required to complete and pass our “Ethical Audit Questionnaire”.(2) Quality Assurance Mechanism(a) Giordano exercises a high level of scrutiny over the selection of suppliers. Apart from eligibility checking, suppliers are also subject to assessment and on-site audits on product quality as well as suitability and quality consistency tests conducted by our Quality Assurance Team. Only those who pass our audits and assessments will be included in the “Qualified Supplier List” for bulk purchases. Also, to ensure our product quality, we carry out long-term quality monitoring and regular audits/reviews on all suppliers. Should there be any significant change in a supplier’s eligibility or any serious quality issue, we may suspend its deliveries immediately and, if necessary, cancel its status as our qualified supplier. Moreover, our unannounced inspections from time-to-time will ensure our suppliers comply with our various standards.我們已建立完整的供應商品質監控機制，包括對供應商的審核和評估、品質檢驗及監督、針對供應商發展的策略性計劃和物料採購。

我們亦積極促進供應鏈的可持續發展，並與我們的合作夥伴聯合履行企業社會責任，為公眾提供高品質的產品和服務。

因此，供應鏈管理在佐丹奴的品質監控系統中是其中一個關鍵環節。

(1)道德採購供應鏈管理是佐丹奴的成功關鍵，因此我們與供應商緊密合作，確保他們符合我們對品質、表現及勞工準則的要求。

我們更特別要求他們遵守以下「核心道德採購規定」：聘用的員工必須符合當地法定的最低工作年齡；不會在其生產設施的任何部份或任何方面強迫或禁錮勞工；不得虐打或威嚇員工；不得抵觸當地環保法律和法規；須為員工提供安全健康的工作環境；及需符合我們的各種標準，並致力於跟進糾正。

我們旨在與持有相似價值觀和原則之供應商合作。

只有那些能遵守我們「核心道德採購規定」之供應商，同時亦致力改善其勞務、職業健康與安全以及環境措施，我們才會向他們採購。

因此，在聘用前，新供應商必須完成並通過我們的「道德審計問卷」。

(2)品質監控機制(a)佐丹奴一直以嚴謹的審查系統來揀選供應商。

我們的品質監控團隊將會評估供應商的資格，並會即場測試和審查產品品質、適用性和品質一致性。

當他們通過我們的審查和評估後，方被納入「合格供應商名單」，以便日後採購。

而且，為了保障產品的質素，我們也會長期監察和定期審查所有供應商的質素。

若供應商的資格有重大變化或有嚴重的品質問題，我們或會立即暫停接收供應商的交貨；如有需要，甚至取消其供應商的資格。

此外，我們會不時進行突擊審查，以確保供應商符合我們各方面的標準。

ESG452023 ESGREPORT環境、社會及管治報告書(b) In order to mitigate environmental and social risks within our supply chain, and to promote the sustainable development of our suppliers, a “Quality Manual” which covers below guiding documents is also distributed to our key suppliers: “Suppliers Code of Conduct”; “Workplace Standards”; “Product Safety and Regulated Substances Specification”; and “Accepting and Offering Policy”.(3) Enhancing Competitiveness by Technological Innovation Giordano will carefully examine every detail of the production process and raise any issues that may be discovered, to work with its suppliers to identify possible areas for further improvement. By optimizing the process, upgrading the technology and improving the workmanship, our suppliers not only greatly improve their production efficiency and product quality, but also help upgrade their capabilities in response to more challenging markets and enhance their competitiveness. This close-knit working relationship between both sides allows the parties to maintain more stable and mutually beneficial cooperation.(4) Inventory Control(a) Inventory control is a key indicator of merchandising efficiency and remains a core competence of Giordano. The Inventory turnover on cost for the year ended December 31,2023, decreased by 27 days to 108 days. Most of the merchandise is evergreen and in-season styles. Our inventory level remains healthy.(b) In addition to our own consolidated inventory, Giordano responsibly monitors inventory held at our suppliers and the franchisees in Mainland China to ensure that we do not build up off-balance-sheet inventory that would jeopardize our merchandising flexibility and wholesale business in future.(b)為了減輕供應鏈對環境和社會帶來的風險，以及推動供應商的可持續發展，我們會向主要的供應商派發「品質手冊」，包括以下的指導性文件： 「供應商行為守則」； 「工作場所標準」； 「產品安全和管制物料規管」；及 「接受和饋贈政策」。

(3)創新技術提高競爭力佐丹奴會用心檢視生產過程中的每個環節，提出當中可能出現的問題，與供應商共同找出可以進一步改善的地方。

透過優化過程、提升技術、精進工藝，供應商不但大大提高自身的生產效率及產品質素，亦有助他們提升自身能力，以面對更具挑戰的市場環境，並加強競爭力。

雙方在這緊密的合作關係之下，彼此關係更穩固且互惠互利。

(4)庫存管理(a)庫存管理是促銷效率的關鍵指標，亦是佐丹奴的核心競爭力。

截至2023年12月31日的庫存周轉天數減少27日至108天。

大部分商品都是常青和當季款式。

(b)除了統籌自己的庫存，佐丹奴也負責任地監控供應商及中國內地加盟商的庫存，以確保不會囤積帳外庫存而危及我們銷售規劃的靈活性和未來的批發業務。

ESG462023 ESGREPORT環境、社會及管治報告書社會層面B6：服務和產品責任Social Aspect B6: Service and Product LiabilityAt Giordano, we continuously strive to provide our customers with the most enlightening shopping experience. Giordano’s straight-forward mission, ‘To Make People FEELGOOD and LOOKGREAT’, fully illustrates our total commitment to superior service and outstanding quality.(1) “Giordano Means Service” CampaignGiordano’s commitment to superior service stems from the “Giordano Means Service” campaign which was first launched in 1989, at which time every staff wore a yellow badge bearing the words “Giordano Means Service”. Since then, quality service has become one of the tenets of Giordano.To ensure every shop staff offers excellent customer service, we conduct performance evaluations frequently at the store level, as well as for frontline staff by mystery shoppers. Our efforts to provide excellent customer service have been recognized by a long list of service-related awards we have received over the years.“Exceeding customers’ expectations” is a simple objective that Giordano has upheld for many years, which we achieve through “thinking one step ahead for customers’ needs” and “providing tailor-made services”. Our frontline staff provide professional advice and flexible and rapid response to customers, helping them choose the right products in need. Meanwhile, to satisfy our customers, we also allow them to return and exchange products after purchases.佐丹奴GIORDANO佐丹奴不斷努力為客戶提供最意想不到的購物體驗。

我們「以優質舒適服飾展現顧客個人風采」這個使命，已直接充分展示了我們對提供卓越服務和高品質的承諾。

(1) 「佐丹奴就是服務」承諾佐丹奴對提供卓越服務的承諾源於1989年首次推出的「佐丹奴就是服務」承諾，當時每位員工都配戴印有「佐丹奴就是服務」的黃色徽章。

從那時起，提供優質服務就成為佐丹奴的宗旨之一。

為了確保每位員工提供優質的客戶服務，我們邀請神秘顧客來評核各店舖整體的表現以及個別前線員工的服務水平。

我們致力為客戶提供優質服務，成績有目共睹，多年來獲得多項與服務相關的獎項。

「超越顧客期望」是多年來佐丹奴秉承的一個簡單宗旨，至於如何「超越」顧客期望，具體可透過「為顧客多想一步」、「度身訂造的服務」來達成。

我們的店員能提供專業意見、靈活而迅速地回應顧客，幫助客人選購他們需要的貨品。

與此同時，為方便客戶，我們也允許售後退換產品。

Caring for our Customers關顧著我們的客戶ESG472023 ESGREPORT環境、社會及管治報告書Awards and Recognition Giordano Named Company with Most Admired Customer Service by IMAGESRetailMEGiordano was conferred the Most Admired Customer Service award at the prestigious IMAGESRetailMEAwards KSA 2023, held in conjunction with the Saudi Retail Forum. The event, which took place in Riyadh in the Kingdom of Saudi Arabia, drew over 400 industry leaders, including retail and shopping mall owners, operators, and professionals from across the region.The award lays testament to Giordano’s unwavering dedication to providing quality clothing and exceptional customer service experience in the region. In the fiercely competitive retail landscape in the Middle East and North Africa, the brand’s commitment to customer sat isfact ion has establ ished a noteworthy standard among industry peers. Giordano GCC won the RLIGlobal Retailer of the Year Award bestowed by Retail & Leisure International (RLI).The RLIGlobal Retailer of the year awards solidified Giordano’s position as a world-class operator across all facets of its business, delivering exceptional retail experiences, growth, and innovative change to reflect evolving industry trends.This award is an affirmation of our unrelenting drive to create a unique and innovative shopping experience and offer exceptional product quality to our customers and the wider community. Giordano GCC won the Best Middle East and North Africa (MENA) Retail Brand Gold Award, awarded by the Middle East Council of Shopping Centres & Retailers (MECS+R).The 2022 MENA awards identify and honour the shopping centres, retailers and individuals that have demonstrated an unparalleled ability to succeed, continually set standards of excellence, and implement innovation and creativity throughout the industry.MECS+R is considered the voice of the retail industry for retailers, mall owners and all retail professionals in the Middle East, North Africa and beyond. This award is particularly meaningful as it acknowledges the Group’s market expansion efforts in Africa over the last few years, especially in the face of adversity due to the COVID-19 pandemic.獎項及肯定佐丹奴榮獲由IMAGESRetailME頒發卓越顧客服務公司獎項在沙特阿拉伯零售論壇聯合舉辦的2023年KSAIMAGESRetailMEAwards頒獎典禮上，佐丹奴榮獲卓越顧客服務公司獎項。

該活動在沙特阿拉伯利雅德舉行，吸引了400多名業界領導，包括來自當地區的零售和購物中心業主、營運商和專業人士。

這獎項證明了佐丹奴致力在當地提供優質服裝和卓越的客戶服務體驗。

在中東和北非競爭激烈的零售環境中，品牌在同行中奠立了優質標準及令客人滿意度的承諾。

佐丹奴海灣阿拉伯國家合作委員會獲得由Retail & Leisure International（以下稱為「RLI」）頒發的RLI年度全球零售商獎。

RLI年度全球零售商獎項鞏固了佐丹奴在其業務的各方面作為世界級經營者的地位，提供卓越的零售體驗、增長和創新變革以反映不斷進化的行業趨勢。

這個獎項是對我們多年來的不懈努力，創造獨特和創新的購物體驗，並為我們客戶和社區提供卓越的產品品質的肯定。

佐丹奴海灣阿拉伯國家合作委員會獲得由中東購物中心和零售商協會（以下稱為「MECS+R」）頒發的最佳中東和北非（「MENA」）零售品牌金獎。

2022年MENA零售品牌旨在表彰那些表現出無與倫比的能力、不斷制定卓越標準的購物中心、零售商和專業人士，在整個行業實踐著創新和創造力。

MECS+R被譽為是中東地區、北非及其他地區零售商、商場業主和所有零售專業人士最具代表性的零售獎項之一。

這個獎項具有特別意義，它肯定了集團在過去幾年中，尤其是在COVID-19大流行的逆境中拓展非洲市場的努力。

ESG482023 ESGREPORT環境、社會及管治報告書 2019 Outstanding QTSMerchant & Service Staff AwardsHosted by Hong Kong Tourism Board to award the retailers for their outstanding services, Giordano won a silver award in 2019. Also, Giordano has continuously been recognized as a Quality Merchant by the Hong Kong Tourism Board for 15 years. Giordano Website won Top 10 eCommerce Website AwardThe Retail Asia Expo has awarded Giordano’s eCommerce website as one of the “Top 10 eCommerce websites” for 2018. This “Top 10 eCommerce Website Award”, which recognized and awards websites that have raised the bar for user experience and achieved outstanding operation growth, has acknowledged Giordano’s eCommerce website for fostering and delivering continuous and exemplary e-commerce standards as well as enhancing user experience with an outstanding shopping platform. Giordano Junior was awarded with “2018 Parents’ Favorite Family Brand”Giordano Junior was awarded “2018 Parents’ Favorite Family Brand” under the “Children Clothing” category in 2018. This Award was presented by Baby Kingdom, a popular online parent-child platform in Hong Kong. Further to the assessment by the members of Baby Kingdom and a panel of professional judges, Giordano Junior stood out from the other 3 finalists, being in recognition of its creative designs and high-quality products.During the Reporting Year, the Group did not recall any products for safety and health reasons. It did, however, receive 195 product and service-related complaints in the reporting markets. Al l complaints have been resolved by product exchange or communication. The Group continues to provide training to new employees, senior sales and supervisors, enabling them to better understand customer needs and excel in their performance to meet customer’s expectations.榮獲2019傑出優質商戶獎由香港旅遊發展局舉辦「傑出優質商戶獎項」，旨在嘉許有持續傑出表現的零售商戶。

Giordano榮獲2019傑出優質商戶獎（成衣及配飾組別）銀獎。

此外，佐丹奴已連續15年獲得香港旅遊發展局「優質旅遊服務」計劃的認證。

佐丹奴網站榮獲十大電子商務網站大獎佐丹奴電商網站榮獲亞洲零售博覽會選為2018年度十大電子商務網站之一。

這十大電子商務網站大獎（以表揚和嘉許提升顧客購物體驗、促進業務發展的電子商務網站），認可了佐丹奴電商網站致力推動及提供最佳電子商貿水準，為顧客提供優秀的購物網站，提升顧客購物體驗。

Giordano Junior榮獲「2018父母最愛信心家庭品牌獎」在2018年，Giordano Junior榮獲「2018父母最愛信心家庭品牌獎」的幼兒服裝組別，該獎項由香港的重量級親子平台Baby Kingdom頒發。

經過Baby Kingdom會員以及專業評審的投票，Giordano Junior在四大入選品牌中突圍而出，證明Giordano Junior一直以來充滿創意的設計、高質量的服裝產品均獲得本地家庭及專業評審的認同。

於報告年度，本集團並沒有發生因安全與健康理由而須召回產品的情況。

然而，本集團於匯報市場確實收到195 個與產品及服務有關之投訴。

所有投訴均通過換貨或溝通得以妥善解決。

本集團持續為新員工、高級銷售人員及主管提供培訓，以使彼等更了解客戶需求，以滿足客戶期望。

ESG492023 ESGREPORT環境、社會及管治報告書(2) Safety and Health(i) In addition to professional customer service, a pleasant shopping experience also requires a comfortable and safe shopping environment. We are committed to (a) ensuring a safe and healthy environment for our staff and customers, and (b) Eliminating preventable accidents and health hazards in our business locations.(ii) As mentioned earlier Social Aspect B5(2)(ii), we have a Quality Manual setting forth our standards and specification regarding product quality and safety for our suppliers’ compliance.(iii) We demand our suppliers to comply with all applicable laws and regulations on product safety, and regularly update them on the hazardous substance and inhumane production processes banned by Giordano, such as the “sandblasting” process and the “live-plucking” goose down process.(iv) The Group requires all suppliers and manufacturers of its products and packaging to comply with the Group’s policy. The Group keeps its sourcing protocols reviewed regularly and up-to-date in order to maintain the high quality and safety standards of its products and customer satisfaction. The Group cooperates only with suppliers which can provide products of high quality and checks if flaws are found to ensure the product quality.(v) We also engage independent and accredited third-party laboratories to test our materials and products, to ensure compliance with international safety standards.(vi) “We care because you care”Much effort has been spent on product safety, which is one of our core values. For instance, we make sure that all drawstrings in our Giordano Junior clothing are fixed to the waistband to avoid pulling out by children accidentally. We also will not use metal zippers, which are however commonly used by our counterparts.(vii) Giordano keeps up with the needs of customers of all ages and backgrounds and puts product quality and safety first. Our teams in product development, quality assurance, sourcing, frontline sales and customer service go the extra mile to ensure the quality and safety of each and every product we carry. Over the past year, there are no incidents of product recall or non-compliance due to safety or health issues.(2)安全與健康(i)除了專業的顧客服務外，一個舒適及安全的購物環境也是愉快購物體驗所必需的。

因此，我們致力(a)為員工和顧客提供安全及健康的環境，以及(b) 在營商場所排除可避免的意外及危害健康的事故。

(ii)如前述社會層面B5(2)(ii)，我們為供應商提供一份「品質手冊」作參考，說明對產品品質和安全的標準及要求。

(iii)我們要求供應商遵守有關產品安全的適用法規，並定期更新佐丹奴禁用的有害物質和不人道生產過程，例如「噴砂」和「生拔鵝毛」。

(iv)本集團規定所有產品及包裝供應商及製造商符合本集團政策。

本集團會定期檢討及更新採購協議，力求保持產品優質及安全，讓顧客稱心滿意。

本集團僅與能夠提供高質量產品之供應商進行合作，並檢查是否存在缺陷以確保產品質量。

(v)我們也聘請獨立和認可的第三方實驗室測試我們的物料和產品，以確保符合國際安全標準。

(vi) 「我們在意，只因您在意」我們為確保產品安全而努力不懈，這是我們的核心價值之一。

例如Giordano Junior服裝中的所有拉繩，我們均會確保拉繩完全固定在腰帶上，以免兒童意外拉出。

我們也不會使用金屬拉鍊，即使金屬拉鍊的使用在業內十分普遍。

(vii)佐丹奴讓不同年齡及背景的顧客都能找到適合自己的產品，並會以產品的質量及安全為首位。

有賴產品發展、品質管理、採購、前線銷售以至顧客服務的整個團隊共同努力，以確保每一款產品的品質和安全。

在過去一年，沒有產品因安全或健康問題而需要回收的個案，也沒有觸犯任何相關規例的事件。

ESG502023 ESGREPORT環境、社會及管治報告書(3) Protecting intellectual property rights(i) “IPManager Training Program”Nowadays, intellectual property (“IP”) is recognized as a key element in business development and, here at Giordano, protecting IP rights is one of our top priorities. To enhance awareness of IP protection within Giordano and to proactively protect our IP from infringement, two of our subsidiaries participated in the IPManager Scheme organized by the Intellectual Property Department of Hong Kong in 2017. After completion of its “IPManager Training Program” by our staff, we were awarded a Certificate of Commendation.(ii) The Personal Data (Privacy) Ordinance (the “PDPO”) SeminarThe Legal Manager of our g lobal Legal and Company Secretarial Department based in Hong Kong held two rounds of Data Privacy Regulation in Asia seminar in English and Cantonese via online lecture in June 2021, striving to train our staff in various markets can understand the basic concepts of the Ordinance, practical industry information and protection of personal and customer privacy. All office and shop colleagues must participate and complete a quiz.(4) Consumer Data Protection and Privacy PoliciesCustomer privacy has become a hot topic that we cannot overlook. In compliance with the local laws and the European Union’s General Data Protection Regulations (effective from May 25,2018, “GDPR”), we have updated our Group-wide “Privacy Policy and Personal Information Collection Statement” and “Privacy Notice” (both in English and Chinese, as uploaded onto our official websites and/or e-shops, where appropriate) for the public and customers’ reference. We invited an independent third-party global law firm to audit our practices and confirmed our compliance with the GDPR. Furthermore, staff are kept reminded to fully observe the policy from time to time.(3)保護知識產權(i) 「知識產權管理人員培訓課程」現今，知識產權被視為業務發展的關鍵因素。

在佐丹奴，保護知識產權是我們的首要任務之一。

為了提高知識產權的意識及積極保護集團的知識產權免受侵犯，我們兩家子公司於2017 年參加了香港知識產權署的「知識產權管理人員計劃」。

在員工完成知識產權署的「知識產權管理人員培訓課程」後，我們獲發嘉許狀。

(ii)個人資料（私隱）條例－直播『法例系列』講座我們位於香港的全球法律及公司秘書部法律事務經理於2021年6月以網上課堂形式舉行了2場「個人資料（私隱）條例」，分別以英語及廣東話授課，藉此讓各市場的員工認識該條例基本概念，行業實用資料及保障個人及顧客私隱。

所有寫字樓及店鋪同事必須參加，並須完成小測。

(4)消費者資料保障及私隱政策客戶私隱的議題一直是城中熱話，不容忽視。

為遵守本地法規及歐盟的通用數據保障條例（2018年5月25日生效，「GDPR」），我們已修訂本集團的「隱私政策及收集個人資料聲明」及私隱聲明（中英文版本），並上載至我們的官方網站及╱或網店（如適用），供公眾及客戶參考。

除此之外，我們也邀請了一所國際律師行為獨立第三方，審查並最終確認我們已經符合GDPR的要求。

我們亦不時提醒員工遵守政策要求。

ESG512023 ESGREPORT環境、社會及管治報告書社會層面B7：反貪污Social Aspect B7: Anti-Corruption(1) We adopt a zero-tolerance approach towards bribery and corruption, and our Staff Handbook and Code of Conduct (as uploaded onto the Company’s Intranet) clearly inform our staff of Giordano’s strict standards regarding anti-corruption, anti-bribery, conflicts of interest, gift, procurement and whistle-blowing policies, as well as our policies on dealings and investment in Giordano’s shares.(2) To ensure that our staff comply with the requirements imposed and uphold high ethical standards, all staff are required to complete and submit a “Declaration of Interests” at least once a year. If there are any cases of conflict of interest, the relevant staff are required to update their declaration immediately.(3) We also proactively promote business integrity and ethics among our staff by organizing seminars on anti-corruption regularly. These types of seminars are compulsory to be attended at least once by each Hong Kong Headquarters staff.(4) A series of training, including orientation training and refresher training, are conducted regularly within the Group to support adherence to various policies and practices including those related to anti-corruption.(5) Our whistleblowing channels empower our employees to play an active role in protecting our business. They can seek guidance and report misconduct anonymously to their department heads or the Audit Committee. All reports are handled with care and fairness to ensure that whistleblowers are protected against unfair dismissal, victimisation and unwarranted disciplinary actions.(6) Furthermore, our contracts with suppl iers require their fu l l compliance with our Qual i ty Manual , including “Advantage Solicitation and Acceptance” as quoted in earlier Social Aspect B5(2)(ii). In addition, we regularly issue reminders to all relevant staff, business associates and suppliers reminding them of our Group Policy on Accepting and Offering Advantages (i.e. twice a year, before the Mid-Autumn Festival and Chinese Lunar New Year). We are not aware of any incidents of noncompliance in relation to anti-corruption in 2023.(1)我們絕對不容忍賄賂和貪污，而我們的「員工手冊」及「紀律守則」（已上載於公司的內聯網）讓員工明確瞭解到佐丹奴嚴格的反貪污、反賄賂和利益衝突的標準、饋贈政策、採購和密函檢舉政策，以及如何處理佐丹奴股份之交易及投資的政策。

(2)為了確保員工恪守我們的嚴格要求及保持高道德水平，所有員工均須每年至少填報一次「利益申報書」。

如遇有任何利益衝突的情況，有關員工須立即更新此「利益申報書」。

(3)為提升員工的商業誠信和道德操守，我們恆常舉辦有關反貪污的研討會。

此類研討會是強制性的，每位香港總部員工必須最少出席一次。

(4)本集團內部定期進行培訓，包括入職培訓和進修培訓，以支持遵守各種政策和做法（包括與反貪污有關）。

(5)我們的密函檢舉渠道使我們的員工能夠在保護我們的業務方面發揮積極作用。

他們可以尋求指導並向其部門主管或審核委員會匿名舉報不當行為。

所有舉報都經過謹慎和公平的處理，以確保舉報人免受不公平解僱、傷害和無理的紀律處分。

(6)此外，我們與供應商的合同要求他們完全遵守我們的「品質手冊」，包括前述社會層面B5(2)(ii)中提及的「收受及提供利益政策」。

此外，我們亦會恆常地致函予所有相關員工、業務夥伴及供應商，提醒他們有關的集團政策（每年兩次，分別在中秋節前及中國農曆新年前）。

佐丹奴於2023年沒有發現任何有關反腐法規的違例情況。

ESG522023 ESGREPORT環境、社會及管治報告書社會層面B8：社區參與Social Aspect B8: Community InvolvementContributing to our communities is a very important part of Giordano’s ethos. Acting on our belief in a ‘World Without Strangers’, Giordano actively supports various charitable organizations and causes, especially those associated with education, children and the underprivileged.Giordano has engaged in a number of ongoing educational projects:(1) In 2014, we launched the “Do Not Read This” campaign in conjunction with Room to Read, which raised funds for the non-profit organization through selling limited-edition T-shirts in Giordano’s shops. With Giordano’s donations, Room to Read published 15,000 copies of two children’s books in two Indian languages for underprivileged children.(2) This focus on education for underprivileged children is also evident in another Giordano’s ongoing project, Project Hope, a public service project organized by the China Youth Development Foundation. Giordano has been a long-standing supporter of the project’s work in providing children in poverty-stricken rural areas of Mainland China with access to primary school education by funding the construction of a number of Giordano Hope primary schools. As of the end of 2021,22 Giordano primary schools of Hope have been completed.(3) We also donated to the Caring for Children Foundation in support of children’s welfare in Mainland China.(4) Hong Kong Daily News One of the children is books, in Hindi, was published by Room to Read with Giordano’s donation.(5) In 2018, Giordano Malaysia launched the “We Love Orangutans” and “Amazing Ocean” campaigns revolving around wildlife conservation.(6) In 2019, Giordano Taiwan had several community activities, including second-hand clothing donations and beach cleaning activities.(7) In 2020, Giordano Thailand Volunteer Team participated in Prasingh Temple Grounds Cleaning Day. A team of volunteers from Giordano Thailand converged in the northern city of Chiangmai to take part in a cleaning day for the local Prasingh temple. The 25-strong team comprising the entire Chiangmai frontline staff and the area supervisor of the Northern Region of Thailand cleaned lavatories and the temple grounds of Prasingh Temple, keeping them safe for both tourists and the resident monks.(8) In 2021, a team of volunteers from Giordano Singapore took part in a community event hosted by TOUCHCommunity Services, a notfor- profit charity organisation in Singapore (“Touch”). Giordano’s 20 strong volunteer team acted as Smart Phone Trainers, helping to coach the elderly to use smartphone based on lesson plans designed to customize the training catered to seniors’ pace; and a team of volunteers from Giordano Singapore took part in the Meals on Wheels community event hosted by Touch. Bento boxes were prepared in the THCCentre, following which the eight volunteers from Giordano delivered Bento boxes to various homes of the elderly.「回饋社會」是佐丹奴非常重要的經營宗旨。

秉承「沒有陌生人的世界」這個信念，佐丹奴積極支持各慈善機構及慈善活動，特別關注與教育、兒童及弱勢社群有關的項目。

佐丹奴參與了一些持續性的教育項目：(1)於2014年，我們與Room to Read聯合推出了「Do Not Read This」活動，通過在佐丹奴店舖銷售限量版T恤，為這個非牟利組織籌集資金。

利用佐丹奴的捐贈，Room to Read為貧困兒童出版了兩本兒童書籍共15,000本，分別以兩種印度語言印刷。

(2)佐丹奴對弱勢兒童教育的關注，也見諸於參與另一項項目－「希望工程」。

這是由中國青少年發展基金會籌劃的公共服務項目，佐丹奴為此項目的長期支持者，透過捐助興建佐丹奴希望小學，為內地貧困農村的兒童提供小學教育之機會。

截至2023年底，佐丹奴已捐助了22所佐丹奴希望小學。

(3)此外，我們亦捐助福幼基金會，表達對中國內地兒童福利的支持。

(4)新報(11/9/2014)其中一本以印地語撰寫的兒童書籍，由佐丹奴資助Room to Read出版。

(5)在2018年，馬來西亞佐丹奴舉辦「We Love Orangutans」和「Amazing Ocean」兩個圍繞保護野生動植物的活動。

(6)在2019年，台灣佐丹奴舉辦了幾項社區活動，包括舊衣捐贈和海灘清潔活動。

(7)在2020年，泰國佐丹奴義工隊參加Prasingh 寺廟前地清潔日佐丹奴（泰國）的一班義工隊在泰國北部清邁集合，是為了參與當地Prasingh寺廟的清潔日活動。

由清邁前線全體員工和泰國北部地區主管組成的25人義工隊一同洗刷了Prasingh寺廟的洗手間和前地，除了確保遊客和僧侶的衛生安全外，更希望善信能繼續到寺廟參拜。

(8)在2021年，新加坡佐丹奴一班義工隊參加了由新加坡的非牟利組織TOUCHCommunity Services主辦的社區活動（「Touch」）。

佐丹奴的20位義工擔任智能手機導師，旨在根據Touch專為長者需要而設定的培訓課程計劃，指導長者如何使用智能手機。

以及佐丹奴義工參與TOUCH主辦的「Meals on Wheels」（「長者派飯服務」）社區活動。

THC中心準備好便當後，佐丹奴的八名義工即向有需要的長者派送了便當。

ESG532023 ESGREPORT環境、社會及管治報告書(9) In 2021, Giordano Indonesia recently established the “Giordano Berbagi Programme” with Aksi Cepat Tanggap (ACT) Indonesia, a professional philanthropic institution, to raise funds for the flood victims in the Bekasi and Karawang areas of Indonesia. Funds were raised with the willing participation of Giordano Indonesia’s customers during a live event on Instagram. The entire 100% of donations were used to purchase groceries, masks, hand sanitisers, clothing and other necessities for the flood victims.(10) In 2021, Giordano South China established its official partnership with Star Studios and Mobile Library. The first event organized under the partnership was a charitable t-shirt auction involving artwork designed by the village children, including special educational needs children, printed onto Giordano Junior’s t-shirts using the Company’s PTO (print-to-order) service, as well as a donation of books from Giordano to Star Mobile Library.Meanwhi le, the North China Command Centre of Giordano (“Giordano North China”) commenced partnership with Peking University’s outdoor sports team and track racing team (the “Teams”). Under the partnership, Giordano North China will supply the Company’s G-Motion apparel to the Teams as part of their official team uniform and performance competition wear.(11) In 2022, in order to further promote Giordano’s spirit of ‘World Without Strangers’, Shanghai’s Giordano team joined hands with Shanghai Zhang Zhiyong Public Welfare Service Association to carry out a love donation activity on February 21,2022. Through this activity of donating surplus clothes, people in need in society can receive help and care, and families in impoverished mountainous areas can get the warmth brought by “Giordano”. The Company hoped the small acts of kindness would bring great power. The donated clothes were sorted and packed by colleagues, and then donated to impoverished families in Yunnan, Xinjiang, and Xishuangbanna Prefecture. (12) In December 2022, Giordano Taiwan cooperated with KPMG. Through the assistance of the Company’s e-commerce team, it provided high-quality children’s clothing and outerwear products for KMPG’s internal subscription. A total of 606 school children received a pair of sports shoes, a warm jacket or a backpack as Christmas gifts under the sponsorship of all KPMG colleagues, so that the schoolchildren can feel the warmth and love when Christmas comes. (9)於2021年，印尼佐丹奴與印尼的Aksi Cepat Tanggap(ACT)專業慈善機構聯合開辦最近成立了「佐丹奴印尼關懷計劃」（「計劃」），為印尼Bekasi和Karawang地區的水災災民籌集資金。

印尼佐丹奴的客人都願意在Instagram的現場活動中籌集資金。

全部百份百的捐款均用於購買水災災民的食品，口罩，洗手液，衣物和其他必需品。

(10)於2021年，佐丹奴華南與星星畫室和移動圖書館（「星星移動圖書館」）建立合作夥伴關係，第一場活動是慈善T-Shirt拍賣，T-Shirt 的圖案是由鄉村兒童設計（當中包括有特殊教育需要兒童）的作品，並使用本公司的「訂制列印」(Print-To-Order)服務印在Giordano Junior T-Shirt上；同時，佐丹奴亦向星星移動圖書館捐贈圖書。

另外，佐丹奴華北指揮中心（「佐丹奴華北」）與北京大學博雅田徑長跑隊和戶外隊正式建立合作夥伴關係，佐丹奴華北為其提供G-motion正式隊服和比賽服裝。

(11)慈善獻愛心，真情暖人心，為進一步弘揚「佐丹奴沒有陌生人世界」的精神，上海佐丹奴團隊攜手上海張志勇公益服務社於2022年2月21日開展愛心捐獻活動。

通過本次的捐贈閒置衣物的活動，讓社會上需要幫助的人得到幫助和關愛，讓貧困山區的家庭獲得「佐丹奴」帶去的溫暖，希望我們小小善舉，帶來大大的力量。

捐贈衣物通過同事們整理打包裝箱後，捐贈到雲南、新疆、西雙版納州三個地區的貧困家庭。

(12)於2022年12月，佐丹奴台灣與KPMG安侯建業會計事務所合作，透過公司電子商務團隊的協助，提供優質童裝外套商品讓KMPG內部認購，讓台灣9所地理位置較偏遠、資源相較缺乏的小學，共606位學童們能在KPMG全體同仁的認養下，擁有一雙運動鞋、一件保暖外套或一個背包作為聖誕禮物讓學童們在聖誕節來臨時，感受到溫暖的愛。

ESG542023 ESGREPORT環境、社會及管治報告書(13) In 2022, Giordano Taiwan cooperated with Taitung Food Bank to carry out both internal donations and external donations, including donation of used clothing. (14) In 2022, Giordano Mauritius participated in the 2nd Charity Golf Trophy organized by the Order of Malta (Mauritius) (the “Order”) first aid and volunteer service held at the Mont Choisy Le Golf on April. The Order of Malta is a mission dedicated to the care and service for the vulnerable and the sick, the forgotten or excluded members of society. The Order of Malta works in over 120 countries through the provision of medical and emergency humanitarian relief, social assistance and a broad spectrum of charitable works. Giordano Mauritus specifically chose to sponsor the ambulance station displayed at the Golf Tournament to raise both funds and awareness for the Order, so that they have the resources to acquire further medical equipment and first aid accessories. (15) WWSCharitable FundThe Giordano World Without Strangers Charitable Fund (the “WWS Charitable Fund” or the “Fund”) has gone online in June 2021, with the Fund’s background information, mission, donation details and monthly statements are available on the Company’s corporate website at . The WWSCharitable Fund allocates funds raised to make a difference for people in need. Past projects have ranged from primary education initiatives involving the printing and distribution of educational materials and stationery, helping remote villages in rural China to achieve sustainable development, supporting local ethnic minority students, meal tickets for the underprivileged, supporting orphans and children with disabilities, all the way through to rapid response to individuals who have found themselves in emergency financial crisis for which other sources of help may not be available.(i) In 2022, the WWSCharity Fund organized 5 employee self-funded activities, including Charity Health Talks, Charity Bazaar and Sample Sales, which raised a total of HK$35,790. (ii) During the peak period of COVID-19 in February 2022, the WWS Charity Fund sent warm clothes to the citizens who were waiting outside the emergency department of Hong Kong hospitals in severe cold weather for medical treatment. (13)於2022年佐丹奴台灣與台東縣食（實）物銀行合作，進行內部捐助及外部捐助活動，當中包括舊衣捐助。

(14)毛里求斯佐丹奴於2022年4月參與了在Mont Choisy Le Golf舉行的由馬爾他騎士會（下文簡稱「騎士會」）舉辦的第二屆慈善高爾夫球錦標賽。

馬爾他騎士會的使命是致力為弱勢社群及病者、被社會遺忘者提供護理和服務。

馬耳他騎士會透過提供醫療和緊急人道主義救濟、社會援助和廣泛的慈善工作，在120多個國家開展工作。

毛里求斯佐丹奴之所以特意選擇贊助高爾夫球錦標賽，並於比賽場地設立救護站，目的是不僅可以提高該騎士會的知名度，同時亦可增加捐款以便他們有更多的資源購買醫療設備和急救配件。

(15)佐丹奴WWS慈善基金佐丹奴沒有陌生人的世界慈善基金（「WWS慈善基金」或「基金」）已於2021年6月上線，該基金的背景資料、使命、捐款詳情和每月報表現已登載於公司企業網站。

WWS慈善基金將籌集的資金分配給有需要的人。

過去的項目包括初等教育計劃，分發教育教材和文具，幫助中國農村實現可持續發展、支持香港少數民族學生、為貧困人士提供餐券、支持孤兒和殘疾兒童等所有項目。

並為因遇到意外，家庭收入突然陷入困境的人士在未得到其他支援時，提供緊急援助金等。

(i) WWS慈善基金於2022年舉辦了5次員工自費活動，包括利是籌款活動、慈善健康講座、慈善賣物會及Sample Sales，合共籌得35,790港元善款。

(ii)於2022年2月COVID-19高峰期間，WWS慈善基金向在香港醫院急症室門外，冒著嚴寒天氣等候求醫的市民，送上禦寒衣物。

ESG552023 ESGREPORT環境、社會及管治報告書(iii) WWSCharity Fund participated in the Flag Day organized by the Christian Family Center in November 2022 to support children with special needs, poor families, subdivided housing households, community development and caregiver services. There were 21 employees in Hong Kong with their families participated in the Flag Day. (iv) In 2022, WWSCharity Fund donated: RATKits to Caritas Hong Kong. RATKits and SIM data cards to Share for Good, a city-wide crowd donation platform for support youths with special educational needs. Clothing and toys to Refugee Union in Hong Kong and carrying out an in-house charity bazaar to raise funds. Television sets to primary and secondary schools in Hong Kong. (16) Global Sports ProgramsGiordano has traditionally chosen to work with sports organizations in the markets it operates it, or aims to be in, engaging with local communities and working together to make an actual difference.Giordano’s sponsorship of apparel represents a win-win situation for all stakeholders involved: the Group can showcase its brand and quality apparel to customers or future customers in those markets through an authentic and practical medium, while allowing the sporting bodies to free up resources to invest in coaching, player welfare and development initiatives.Over the past few years, Giordano has worked with Rugby, Football, Hiking and Trail running teams from all over the world, including China, Japan, Uganda, Egypt, Tunisia and Kazakhstan, from grassroots level all the way through to elite national teams, in children’s, women’s and men’s sports.Giordano is currently the title apparel sponsor for the Kazakhstan men’s and women’s national Rugby teams, the Tunisia men’s and women’s national Rugby teams, as well as the Malta Rugby League men’s and women’s national Rugby teams.(iii) WWS慈善基金於2022年11月參與由基督教家庭中心舉辦的賣旗日，支援特殊需要兒童、貧窮家庭、劏房戶、社區發展及照顧者服務。

當日有21位香港員工及其家人參與賣旗日。

(iv)於2022年，WWS慈善基金捐贈了：向香港明愛捐贈快速測試劑向「愛互送」捐贈配對平台捐贈快速測試劑及SIM數據咭以支持有特殊教育需要的學童。

向香港難民聯盟捐贈衣物及玩具，並舉辦內部慈善賣物會籌集善款。

向香港中學及小學捐贈電腦顯示屏。

(16)全球體育項目佐丹奴傳統上選擇經營中或打算進入市場的體育組織合作，與當地社區接觸並共同努力以產生協同效應。

佐丹奴贊助服裝對所有持份者來說是一個雙贏的局面：集團可以通過這方式向市場的客戶或潛在客戶展示我們的優質服裝，而體育機構可以為他們的發展騰出資源投放在教練、球員福利和發展計劃方面的投資。

在過去的幾年裡，佐丹奴曾與來自世界各地的欖球隊、足球隊、行山隊和越野賽跑隊合作過，包括中國、日本、烏干達、埃及、桑給巴爾、牙買加、美國和塞爾維亞；從基層到通往所有精英國家隊的道路，包括兒童、女子和男子運動。

佐丹奴目前是哈薩克斯坦男子和女子國家欖球隊、突尼斯男子和女子國家欖球隊、馬耳他欖球聯盟的男子和女子國家欖球隊的冠名贊助商；以及亞利桑那士砵亭(SAFC)球隊的球衣和訓練服的贊助商。

亦同時為SAFC提供官方休閒服和運動休閒服。

ESG562023 ESGREPORT環境、社會及管治報告書 Participate as a volunteer in a local community marathon.以義工身分參加當地社區的馬拉松比賽。

(17) In 2023, Giordano held the following activities in different markets:(a) Giordano China Regular WWS charity sales events are held, and the funds raised in 2023 have reached 29,000 RMB.(17)於2023年，佐丹奴各市場準備以下活動：(a)佐丹奴中國定期舉辦WWS義賣活動，2023年籌募善款已達29,000元人民幣。

ESG572023 ESGREPORT環境、社會及管治報告書(b) Giordano Hong Kong(i) Sample Sale – Internal fundraising campaign(ii) Clothing Donation – Regular based program: Encourage to donate clothes and all clothes donate to the Salvation Army(b)佐丹奴香港(i)樣品銷售－內部募捐活動(ii)衣物捐贈－恆常計畫：鼓勵捐贈衣物給救世軍ESG582023 ESGREPORT環境、社會及管治報告書(iii) Charity Luncheon Gathering – Monthly program: Internal fundraising campaign and for staff gathering(iii)慈善午餐活動－每月活動：內部募款活動與員工聚會(iv) The Giordano World Without Strangers Charitable Fund Establishes Comprehensive Cooperation with the Manna Grace Charitable OrganizationT h e WWS C h a r i t a b l e F u n d h a s c o m m e n c e d a comprehensive cooperative relationship with Manna Grace (“Manna”), a charitable organization providing food ass i s tance and communi ty ca re se rv i ces fo r the underpr i v i leged, w i th a v iew to up l i f t ing the neighbourhood by providing free clothing for the needy and low-income families. The WWSCharitable Fund will work with Manna Grace on various levels. Understanding the plight of low-income families who cannot afford new clothing, the Fund recently purchased over 170 pieces of warm clothing and donated them to Manna Grace for distribution to needy families and children in Hong Kong. Apart from donating clothing, the Fund will provide further support through regular participation in its volunteer workshops, regular purchases from its catering service, and promoting Manna through Giordano’s store network in Hong Kong. (iv)佐丹奴沒有陌生人的世界慈善基金與慈善組織嗎哪全面合作WWS慈善基金已開始與嗎哪事工（下稱「嗎哪」）建立全面合作關係。

嗎哪是一個慈善組織，為弱勢群體提供食物援助和社區照顧服務，並為有需要和低收入家庭提供免費衣物，從而改善鄰里關係。

WWS慈善基金將在各個層面與嗎哪合作。

瞭解到低收入家庭負擔不起購買新衣服的困難，基金最近購買了170多件保暖衣物捐贈給嗎哪，以分發給香港有需要的家庭和兒童。

除了捐贈衣服，基金還通過定期參與志願者工作坊、定期訂購其餐飲服務，以及透過佐丹奴在香港的店鋪網路為嗎哪做推廣，來進一步支持嗎哪。

ESG592023 ESGREPORT環境、社會及管治報告書(c) Giordano MalaysiaGiordano Malaysia team volunteered at the Taman Tugu Jungle Nursery in Kuala Lumpur, which operates under the Free Tree Society. The Free Tree Society is an environmental organisation that spreads the environmental stewardship message by giving away trees for free to green our Earth. They also share knowledge and skills to empower people to live more sustainably.With 30 members of staff from different departments and regions part ic ipat ing, the volunteers began the day by engaging with the team from Free Tree Society, who conveyed fundamental environmental knowledge, sustainable skills and appreciation for nature in a hands-on manner to help drive environmental change. The Giordano team then took part in a Nursery Planting Workshop, followed by a Sustainable Solutions Talk which focused on water conservation and waste, and a Guided Jungle Walk where topics such as biodiversity conservation and climate were discussed.(d) Giordano Saudi ArabiaWith over 300 participants, Giordano’s ‘Run-For-Fun’ event kicked off at 3:00 p.m. at the expansive grounds of the King Abdullah Stadium in Jeddah. Endorsed by the Ministry of Sports and led by members of the Giordano team, the friendly 5- kilometre race produced 15 medalists and was viewed by some 2,000 spectators. Surprise gifts and prizes heightened the excitement and energy of the participating public and spectators. With Giordano’s logo emblazoned on all official uniforms and memorabilia, the brand benefitted from extensive advertising mileage via social media and television coverage.(c)佐丹奴馬來西亞佐丹奴馬來西亞團隊在Free Tree Society旗下營運的Taman Tugu Jungle Nursery擔任義工。

Free Tree Society是一個環保組織，透過免費贈送樹木來綠化地球並傳遞環境管理的訊息。

他們更分享環保知識和方法，幫助大家提升可持續性的生活。

義工團隊由來自不同地區和部門的30多名員工組成，與Free Tree Society的交流開始了新的一天，他們以實際操作的方式傳達了基本的環境知識、可持續技能和對大自然的欣賞，以幫助推動環境保育。

佐丹奴團隊隨後參加了苗圃種植研討會，進行以節約水和廢物處理為重點的可持續解決方案講座，及討論生物多樣性保護和氣候等主題的導賞叢林漫步。

(d)佐丹奴沙特阿拉伯佐丹奴的「樂跑」活動有300多名參與者，當日下午3時在吉達阿卜杜拉國王體育城體育館(King Abdullah Stadium)的廣闊場地拉開帷幕。

在體育部的認可，佐丹奴隊成員的帶領下，這場5公里的友誼賽共有15名選手獲得獎牌，而約有2,000名觀眾。

驚喜的禮物和獎品提高了觀眾的積極參與和投入。

隨著佐丹奴的標誌印在所有官方制服和紀念品上，品牌再次通過社交媒體和電視報導獲益良多。

(v)愛護動物協會T恤籌款香港愛護動物協會（SPCA）於灣仔「HarbourChill海濱休閒站」舉辦「Chill 『毛』海濱走走」寵物友善聖誕嘉年華，會場設有音樂表演，寵物用品專區，節日市集，餐飲區，毛孩放電區及愛協慈善攤檔。

Giordano特意贊助一批T恤作客製化手繪T恤籌款之用，攤位收益將會全數用作支持待家毛孩的醫療及日常開支。

(v) SPCAT-shirt fundraiserThe Society for the Prevention of Cruelty to Animals (SPCA) of Hong Kong held the “Chill Waterfront Walk” pet-friendly Christmas carnival at “Harbour Chill Waterfront Leisure Station” in Wan Chai. The venue was equipped with music performances, a pet supplies area, a festive market, a dining area, and a pet’s discharge area, and charity stalls.Giordano specially sponsored a batch of T-shirts for customized hand-painted T-shirt fundraising. All proceeds from the booth will be used to support the medical and daily expenses of the homeless animals.ESG602023 ESGREPORT環境、社會及管治報告書(e) Cross-region community investment program(i) Joint Hong Kong and Malaysia school STEM teamIn September 2023, Giordano became the official team wear supplier to the Ozmost STEMTeam, which comprises students from the Ju Ching Chu Secondary School in Yuen Long, Hong Kong and Smk Dato Undang Musa Al-haj School in Malaysia. The team took part in the Aramco F1 in Schools 2023 World Finals (“F1 in Schools”) held at Resorts World Sentosa, Singapore. The event invo lves teams f rom a round the wor ld competing to create the best small-scale single-seater race car and develop Science, Technology, Engineering and Maths (STEM) skills along the way. It took place between September 8th to 15th alongside the Formula 1 Singapore Airlines Grand Prix 2023. F1 in Schools aims to improve educational opportunities in STEM subjects globally, increase diversity in motorsport and promote the importance of sustainability. A record 350+ students from 26 countries competed at the F1 in Schools World Finals this year. Giordano’s support not only equipped the students with their performance team uniforms, but also helped free up funds which could be put towards their travel expenses to see the world. (ii) Kazakhstan women’s national Rugby teamIn September 2023, the Giordano-sponsored Kazakhstan Rugby women’s nat iona l team made the i r way to Hangzhou, China, to participate in the Rugby Sevens competition at the 19th Asian Games. The Kazakhstan women, nicknamed the Nomads, are currently ranked 18th in the world and were placed in Pool E together with hosts China and Thailand. In the end, the Kazakhstan ladies finished a very respectable 5th overall at the Asian Games, narrowly missing the medals.As official teamwear suppliers to the Nomads, not only has Giordano equipped the athletes with on-the-move travel essentials and performance-enhancing team uniforms, but they have allowed funds to be redistributed to grassroots Rugby programmes in Kazakhstan, improving access to sports participation for both men and women and boys and girls from all walks of life, including underprivileged youth and marginalised communities.(e)跨區域社區投資計劃(i)香港和馬來西亞學校的STEM聯合團隊2023年9月，佐丹奴成為Ozmost STEM團隊的官方隊服供應商，該團隊由來自香港元朗裘錦秋中學（元朗）和馬來西亞Smk Dato Undang Musa Al-haj學校的學生組成。

該團隊參加了在新加坡聖淘沙名勝世界舉行的Aramco F1 in Schools 2023世界總決賽（「F1 in Schools」）。

該賽事吸引了來自世界各地的團隊參與競爭，設計最佳的小型單座賽車，並透過比賽過程中發展科學、技術、工程和數學技能(STEM)。

比賽於9月8日至15日舉行，與2023年新加坡航空一級方程式車賽同時進行。

F1 in Schools旨在改善全球STEM科目的教育機會，增加賽車運動的多樣性，並促進可持續發展的重要性。

今年，共有來自26個國家的350多名學生參加了F1 in Schools世界總決賽。

佐丹奴的支持不僅為學生們提供了出賽制服，還幫助他們騰出了資金，用於他們放眼世界的旅費。

(ii)哈薩克女子國家欖球隊2023年9月份佐丹奴贊助了哈薩克女子欖球國家隊前往中國杭州參加第19屆亞洲運動會的七人欖球比賽。

綽號「游牧人」(Nomads)的哈薩克女子隊目前世界排名第18位，亞運會欖球比賽與東道主中國隊和泰國隊一起分在E組。

最終，哈薩克女子隊在亞運會上與獎牌擦身而過，獲得了令人矚目的第5名。

作為Nomads的官方隊服供應商，佐丹奴不僅為運動員配備了旅行必需品和功能性的隊服，而且還允許將資金重新分配給哈薩克斯坦的基層欖球項目，從而改善各行各業的男性和女性以及男孩和女孩參與體育運動的機會，包括貧困青年和邊緣社區。

ESG612023 ESGREPORT環境、社會及管治報告書驗證聲明VERIFICATIONSTATEMENTSHINEWINGSustainability Advisory Services Limited (“SHINEWING Sustainability”) has been engaged by Giordano International Limited (HKSEStock Code: 709) and its subsidiaries (collectively referred to as the “Giordano”) to undertake an independent verification on Environmental, Social and Governance Report 2023 (“ESGReport”). The ESGReport set out the environmental and social performance of the Giordano from 1 January 2023 to 31 December 2023. The scope of the verification statement is limited to the data and information in the ESGReport. The Giordano selected several specified performance information in the ESGReport for the verification purpose, which included the Scope 1&2 greenhouse gases emission data1, electricity consumption2 data and water consumption data3 (collectively referred to as “Specified Performance Information”).Reporting CriteriaThe Specified Performance Information are presented in accordance with the criteria set out under “Reporting Standard, Principles and Scope” in the ESGReport (“Reporting Criteria”). Such Reporting Criteria are specifically designed for the purpose of the preparation of the Specified Performance Information included in the ESGReport and, as a result, those Specified Performance Information may not be suitable for another purpose.Responsibilities of GiordanoGiordano is responsible for the data collection, calculation, making est imates and preparat ion of the ESGReport . Giordano is a lso responsible for implementing sound internal control procedures to ensure the content and presentation of the ESGReport are free from material errors.Responsibilities of SHINEWINGSustainabilitySHINEWINGSustainability is responsible to provide an independent ver i f icat ion statement to stakeholders based on the scope and methodology described. We do not assume responsibility or accept liability to any other person for the contents of this report.信永方略可持續發展諮詢服務有限公司（「信永方略可持續發展」）獲佐丹奴國際有限公司（股票代號：709）連同其附屬公司（合稱「佐丹奴」）委託，對其二零二三年環境、社會及管治報告（「ESG報告」）進行獨立驗證。

該ESG報告載列了佐丹奴在二零二三年一月一日至二零二三年十二月三十一日期間的環境和社會績效。

驗證聲明的範圍僅限於ESG報告的數據和資料。

佐丹奴在ESG報告中選定多項特定績效資料進行驗證，其中包括範圍１及２溫室氣體排放數據1、耗電量數據2和耗水量數據3（統稱「特定績效資料」）。

報告標準特定績效資料根據ESG報告中「報告標準、原則和範圍」所載標準（「報告標準」）呈列。

該報告標準專為編製ESG報告中的特定績效資料而設，因此，特定績效資料未必適用於其他用途。

佐丹奴的責任佐丹奴負責ESG報告的數據收集、計算、估算和編製。

佐丹奴也負責實施健全的內部控制程序，以確保ESG報告的內容和表述不存在重大錯誤。

信永方略可持續發展的責任信永方略可持續發展負責根據所描述的範圍和方法向持份者提供獨立的驗證聲明。

我們概不就本報告的內容，對任何其他人士負責或承擔法律責任。

注釋：1請參閱ESG報告綠色成效概覽圖1：溫室氣體排放量數據2請參閱ESG報告綠色成效概覽圖1：耗電量數據3請參閱ESG報告綠色成效概覽圖1：耗水量數據Footnote:1 Refer to ESGReport Green Performance Graph 1: Data of Greenhouse Gas Emission2 Refer to ESGReport Green Performance Graph 1: Data of Electricity Consumption3 Refer to ESGReport Green Performance Graph 1: Data of Water ConsumptionESG622023 ESGREPORT環境、社會及管治報告書Independence and Quality ControlSHINEWINGSustainability have maintained our independence with reference to the Code of Ethics for Professional Accountants issued by the Hong Kong Institute of Certified Public Accountants. We have also taken reference to Hong Kong Standard on Quality Management 1 (HKSQM 1), Quality Management for Firms that Perform Audits or Reviews of Financial Statements, or Other Assurance or Related Services Engagements, and maintains a comprehensive system of quality control including documented policies and procedures regarding compliance with ethical requirements, professional standards and applicable legal and regulatory requirements. We have the required competencies and experienced to conduct this engagement.Inherent LimitationThe absence of a significant body of established practice on which to draw to evaluate and measure non-financial information allows for different, but acceptable, measures and measurement techniques and can affect comparability between entities. Further, greenhouse gas quantification is subject to inherent uncertainty because of incomplete scientific knowledge used to determine emissions factors and the values needed to combine emissions of different gases.Reporting Framework and Procedures PerformedWe conducted our verification under limited assurance engagement with reference to International Standard on Assurance Engagements 3000 (Revised), Assurance Engagements Other than Audits or Reviews of Historical Financial Information (“ISAE 3000 (Revised)”) issued by the International Auditing and Assurance Standards Board. The standard require that we plan and perform this engagement to obtain limited assurance about whether the Specified Performance Information is free from material misstatement.A limited assurance engagement undertaken with reference to ISAE 3000 (Revised) involves assessing the suitability in the circumstances of the Giordano’s use of applicable criteria as the basis for the preparation of the Specified Performance Information, assessing the risks of material misstatement of the Specified Performance Information whether due to fraud or error, responding to the assessed risks as necessary in the circumstances, and evaluating the overall presentation of the Specified Performance Information. A limited assurance engagement is substantially less in scope than a reasonable assurance engagement in relation to both the risk assessment procedures, including an understanding of internal control, and the procedures performed in response to the assessed risks.獨立性及質量控制信永中和可持續發展參考由香港會計師公會頒佈的《專業會計師道德守則》保持獨立性。

我們也參考了《香港質量管理第1號－會計師事務所進行財務報表審核及審閱，以及其他鑒證及相關業務實施的質量管理》，並因此設有一套完整的質量控制系統，包括有明文規定的政策及程序以遵守道德要求、專業標準及適用法律法規。

我們具有所需的能力及經驗來進行該驗證。

固有限制由於非財務資料未有評估和計量的國際公認通用標準，故此不同但均為可予接受的指標和計量技術，或會影響與其他機構的可比性。

此外，基於未有完備的科學知識可予採用以確定結合不同氣體的排放因子和排放值，因此溫室氣體排放的量化存在固有的不確定性。

報告框架及執行程序我們參考國際審計與驗證準則理事會發佈的《國際驗證業務準則》第3000號（修訂本）「歷史財務信息審計或審閱以外的驗證業務」（「ISAE3000（修訂本）」）進行有限保證的驗證業務。

該準則要求我們規劃及執行工作，以就選定特定績效資料是否不存在重大錯誤陳述獲得有限保證的驗證。

參考ISAE 3000（修訂本）進行的有限保證驗證業務涉及評估佐丹奴使用適用標準作為編製特定績效資料基礎的適用性，評估特定績效資料因欺詐或錯誤而導致重大錯誤陳述的風險，按情況對評估的風險做出必要的回應，並評估特定績效資料的整體呈現。

就風險評估程序（包括對內部控制的理解）及為應對評估的風險而執行的程序而言，有限保證的驗證業務的範圍遠小於合理保證的驗證業務。

ESG632023 ESGREPORT環境、社會及管治報告書Within the scope of our work, SHINEWINGSustainability performed amongst others the following procedures: Interview the managers responsible for sustainability performance and data collection; Review the preparation process of the Specified Performance Information, including stakeholders engagement and materiality assessment; Verify the samples of the representative data and information selected, including review on conversion data and calculation as well as inspect the original data and supporting evidence of the data selected during the verification process; Perform analytical procedures over the Specified Performance Information; and Compare the definition as included in the Reporting Criteria against the definitions used by the Giordano to prepare the Specified Performance Information.ConclusionBased on the procedures that SHINEWINGSustainability has performed and the evidence we have obtained, nothing has come to our attention that causes us to believe that the Specified Performance Information is not prepared, in all material respects, in accordance with Reporting Criteria of the ESGReport.SHINEWINGSustainability在我們的工作範圍內，信永中和可持續發展執行了以下程序：訪談負責可持續發展績效和資料收集的經理；檢視特定績效資料的準備過程，包括持份者參與和重要性評估；對選定的代表性數據和資訊的樣本進行驗證，包括對換算數據和計算的審查，以及在驗證過程中檢查原始數據和所選數據的支持證據；對特定績效資料執行分析程序；及將報告標準中包含的定義與佐丹奴用於編製特定績效資料的定義進行比較。

結論根據信永中和可持續發展已執行的程序及獲得的證據，我們沒有發現任何內容導致我們相信特定績效資料在各重大方面未有根據ESG報告的報告標準編製。

信永中和可持續發展ESG642023 ESGREPORT環境、社會及管治報告書香港交易所《環境、社會及管治報告指引》內容索引HKEXESGReporting Guide Content Index層面、一般披露及關鍵績效指標Aspects, General Disclosure and KPIs描述Description《2023年環境、社會及管治報告》2023 ESGReportA1排放物A1 Emissions一般披露General Disclosure有關廢氣及溫室氣體排放、向水及土地的排污、有害及無害廢棄物的產生等的：(a)政策；及(b)遵守對發行人有重大影響的相關法律及規例的資料。

Information on:(a) the policies; and(b) compliance with relevant laws and regulations that have a significant impact on the issuerrelating to air and greenhouse gas emissions, discharges into water and land, and generation of hazardous and non-hazardous waste.A1A1.1排放物種類及相關排放數據。

The types of emissions and respective emissions data.A2圖1 Graph 1A1.2直接（範圍1）及能源間接（範圍2）溫室氣體排放量及密度。

Direct (Scope 1) and energy indirect (Scope 2) greenhouse gas emissions and intensity.A2圖1 Graph 1A1.3所產生有害廢棄物總量及密度。

Total hazardous waste produced and intensity.A2圖1 Graph 1附註2Note 2 of Graph 1A1.4所產生無害廢棄物總量及密度。

Total non-hazardous waste produced and intensity.A2圖1 Graph 1A1.5描述所訂立的排放量目標及為達到這些目標所採取的步驟。

Description of emission target(s) set and steps taken to achieve them.A2A1.6描述處理有害及無害廢棄物的方法，及描述所訂立的減廢目標及為達到這些目標所採取的步驟。

Description of how hazardous and non-hazardous wastes are handled, and a description of reduction target(s) set and steps taken to achieve them.A2A2資源使用A2 Use of Resources一般披露General Disclosure有效使用資源（包括能源、水及其他原材料）的政策。

Policies on the efficient use of resources, including energy, water and other raw materials.A2A2.1按類型劃分的直接及╱或間接能源總耗量及密度。

Direct and/or indirect energy consumption by type in total and intensity.A2圖1 Graph 1A2.2總耗水量及密度。

Water consumption in total and intensity.A2圖1 Graph 1A2.3描述所訂立的能源使用效益目標及為達到這些目標所採取的步驟。

Description of energy use efficiency target(s) set and steps taken to achieve them.A2A2.4描述求取適用水源上可有任何問題，以及所訂立的用水效益目標及為達到這些目標所採取的步驟。

Description of whether there is any issue in sourcing water that is fit for purpose, water efficiency target(s) set and steps taken to achieve them.A2圖1 Graph 1附註4Note 4 of Graph 1A2.5製成品所用包裝材料的總量及每生產單位佔量。

Total packaging material used for finished products and per unit produced.A2圖1 Graph 1ESG652023 ESGREPORT環境、社會及管治報告書層面、一般披露及關鍵績效指標Aspects, General Disclosure and KPIs描述Description《2023年環境、社會及管治報告》2023 ESGReportA3環境及天然資源A3 The Environment and Natural Resources一般披露General Disclosure減低發行人對環境及天然資源造成重大影響的政策。

Policies on minimising the issuer’s significant impact on the environment and natural resources.A3A3.1描述業務活動對環境及天然資源的重大影響及已採取管理有關影響的行動。

Description of the significant impacts of activities on the environment and natural resources and the actions taken to manage them.A3A4氣候變化A4 Climate Change一般披露General Disclosure識別及應對已經及可能會對發行人產生影響的重大氣候相關事宜的政策。

Policies on identification and mitigation of significant climate-related issues which have impacted, and those which may impact, the issuer.A4A4.1描述已經及可能會對發行人產生影響的重大氣候相關事宜，及應對行動。

Description of the significant climate-related issues which have impacted, and those which may impact, the issuer, and the actions taken to manage them.A4B1僱傭B1 Employment一般披露General Disclosure有關薪酬及解僱、招聘及晉升、工作時數、假期、平等機會、多元化、反歧視以及其他待遇及福利的：(a)政策；及(b)遵守對發行人有重大影響的相關法律及規例的資料。

Information on:(a) the policies; and(b) compliance with relevant laws and regulations that have a significant impact on the issuerrelating to compensation and dismissal, recruitment and promotion, working hours, rest periods, equal opportunity, diversity, anti-discrimination, and other benefits and welfare.B1B1.1按性別、僱傭類型、年齡組別及地區劃分的僱員總數。

Total workforce by gender, employment type, age group and geographical region.B1圖2及3Graph 2 & 3B1.2按性別、年齡組別及地區劃分的僱員流失比率。

Employee turnover rate by gender, age group and geographical region.B1圖2及3Graph 2 & 3ESG662023 ESGREPORT環境、社會及管治報告書層面、一般披露及關鍵績效指標Aspects, General Disclosure and KPIs描述Description《2023年環境、社會及管治報告》2023 ESGReportB2健康與安全B2 Health and Safety一般披露General Disclosure有關提供安全工作環境及保障僱員避免職業性危害的：(a)政策；及(b)遵守對發行人有重大影響的相關法律及規例的資料。

Information on:(a) the policies; and(b) compliance with relevant laws and regulations that have a significant impact on the issuerrelating to providing a safe working environment and protecting employees from occupational hazards.B2B2.1過去三年（包括匯報年度）每年因工亡故的人數及比率。

Number and rate of work-related fatalities occurred in each of the past three years including the reporting year.B2(1)B2.2因工傷損失工作日數。

Lost days due to work injury.B2(1)B2.3描述所採納的職業健康與安全措施，以及相關執行及監察方法。

Description of occupational health and safety measures adopted, and how they are implemented and monitored.B2(1)B3發展及培訓B3 Development and Training一般披露General Disclosure有關提升僱員履行工作職責的知識及技能的政策。

描述培訓活動。

Policies on improving employees’ knowledge and skills for discharging duties at work. Description of training activities.B3B3.1按性別及僱員類別劃分的受訓僱員百分比。

The percentage of employees trained by gender and employee category.B3B3.2按性別及僱員類別劃分，每名僱員完成受訓的平均時數。

The average training hours completed per employee by gender and employee category.B3B4勞工準則B4 Labour Standards一般披露General Disclosure有關防止童工或強制勞工的：(a)政策；及(b)遵守對發行人有重大影響的相關法律及規例的資料。

Information on:(a) the policies; and(b) compliance with relevant laws and regulations that have a significant impact on the issuerrelating to preventing child and forced labour.B4B4.1描述檢討招聘慣例的措施以避免童工及強制勞工。

Description of measures to review employment practices to avoid child and forced labour.B4B4.2描述在發現違規情況時消除有關情況所採取的步驟。

Description of steps taken to eliminate such practices when discovered.B4ESG672023 ESGREPORT環境、社會及管治報告書層面、一般披露及關鍵績效指標Aspects, General Disclosure and KPIs描述Description《2023年環境、社會及管治報告》2023 ESGReportB5供應鏈管理B5 Supply Chain Management一般披露General Disclosure管理供應鏈的環境及社會風險政策。

Policies on managing environmental and social risks of the supply chain.B5B5.1按地區劃分的供應商數目。

Number of suppliers by geographical region.B5圖5 Graph 5B5.2描述有關聘用供應商的慣例，向其執行有關慣例的供應商數目，以及相關執行及監察方法。

Description of practices relating to engaging suppliers, number of suppliers where the practices are being implemented, and how they are implemented and monitored.B5(1)&(2)B5.3描述有關識別供應鏈每個環節的環境及社會風險的慣例，以及相關執行及監察方法。

Description of practices used to identify environmental and social risks along the supply chain, and how they are implemented and monitored.B5(2)B5.4描述在揀選供應商時促使多用環保產品及服務的慣例，以及相關執行及監察方法。

Description of practices used to promote environmentally preferable products and services when selecting suppliers, and how they are implemented and monitored.B5(1)&(2)B6產品責任B6 Product Responsibility一般披露General Disclosure有關所提供產品和服務的健康與安全、廣告、標籤及私隱事宜以及補救方法的：(a)政策；及(b)遵守對發行人有重大影響的相關法律及規例的資料。

Information on:(a) the policies; and(b) compliance with relevant laws and regulations that have a significant impact on the issuerrelating to health and safety, advertising, labelling and privacy matters relating to products and services provided and methods of redress.B6B6.1已售或已運送產品總數中因安全與健康理由而須回收的百分比。

Percentage of total products sold or shipped subject to recalls for safety and health reasons.B6(2)B6.2接獲關於產品及服務的投訴數目以及應對方法。

Number of products and service-related complaints received and how they are dealt with.B6(1)B6.3描述與維護及保障知識產權有關的慣例。

Description of practices relating to observing and protecting intellectual property rights.B6(2)B6.4描述質量檢定過程及產品回收程序。

Description of quality assurance process and recall procedures.B6(2)B6.5描述消費者資料保障及私隱政策，以及相關執行及監察方法。

Description of consumer data protection and privacy policies, and how they are implemented and monitored.B6(4)ESG682023 ESGREPORT環境、社會及管治報告書層面、一般披露及關鍵績效指標Aspects, General Disclosure and KPIs描述Description《2023年環境、社會及管治報告》2023 ESGReportB7反貪污B7 Anti-corruption一般披露General Disclosure有關防止賄賂、勒索、欺詐及洗黑錢的：(a)政策；及(b)遵守對發行人有重大影響的相關法律及規例的資料。

Information on:(a) the policies; and(b) compliance with relevant laws and regulations that have a significant impact on the issuerrelating to bribery, extortion, fraud and money laundering.B7B7.1於匯報期內對發行人或其僱員提出並已審結的貪污訴訟案件的數目及訴訟結果。

Number of concluded legal cases regarding corrupt practices brought against the issuer or its employees during the reporting period and the outcomes of the cases.B7B7.2描述防範措施及舉報程序，以及相關執行及監察方法。

Description of preventive measures and whistle-blowing procedures, and how they are implemented and monitored.B7B7.3描述向董事及員工提供的反貪污培訓。

Description of anti-corruption training provided to directors and staff.B7B8社會投資B8 Community Investment一般披露General Disclosure有關以社區參與來了解營運所在社區需要和確保其業務活動會考慮社區利益的政策。

Policies on community engagement to understand the needs of the communities where the issuer operates and to ensure its activities take into consideration the communities’ interests.B8B8.1專注貢獻範疇。

Focus areas of contribution.B8B8.2在專注範疇所動用資源。

Resources contributed to the focus area.B8 封面 目錄 十年財務與業務摘要 公司資料 主席報告書 管理層之論述及分析 董事及高級管理人員簡介 企業管治報告書 董事會報告書 獨立核數師報告書 合併利潤表 合併綜合收益表 合併資產負債表 合併現金流量表 合併權益變動表 財務報表附註 購股權資料 投資者參考資料 附錄–環境、社會及管治報告書 封底