Ann: Operation updates, page-2

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Sunbridge has also been proactive in executing its strategy to increase the number of self-owned and operated retail outlets, increasing this number from 24 to 71 during the quarter. Many of these outlets are stand-alone retail displays strategically located within major department stores across China, which provides greater exposure to consumers and better return on investment capital through higher sales.

In addition to this, the Company has invested approximately A$6.9 million on renovations in many of its 352 authorised retail outlets, and a further approximately A$2.3 million to buy back and acquire the franchise rights of high profile outlets that are performing well. These figures comprise the total of approximately A$9.18 million as stated at point 1.9 (c) in the Appendix 4C that was released by Sunbridge on 29 January 2015.