Media Updates, page-7924

Some quotes from Peter Nathan in the conference call:

• "There's a positive trend for corporate daigou, let's be clear about that, so the trend is up, the bottom is behind us. We have seen a positive trend upwards."

• The O2O channel is showing some very significant growth for us in China."

• "We have seen some very strong momentum with offtake in the corporate daigo channel, we've seen very strong momentum in the O2O channel."

• "With the momentun that we're already seeing gives us confidence with the forecast."

• "Market pricing we expected to recover more quickly than it has, outside of market pricing we have still seen growth. Had we had market pricing where we thought it would be we would have been at the numbers we thought in previous announcements."

• "Offtake has still been solid, consumer offtake has been strong, in general terms."

• "Hong Kong border closure, a $10.7m impact compared to the same period last year and $16.2m for the full year."

• "MBS half on half growth continues to be in the order of 40%."

• "We have experienced offtake improvement or should I say sellout momentum, particularly with O2O."