[Explanation] The first China International Consumer Goods Expo was held in Haikou, Hainan from May 7th to 10th, attracting more than 1,000 international brands from around the world to participate in the exhibition, including some overseas leading companies.

Now that China is able to hold such a grand event under the effective control of the domestic epidemic, it has once again made participating international companies realize that the Chinese market has increasingly become an important "footstone" supporting their performance growth and future development.

　　[Explanation] The profitability of the Chinese market supports the performance after the outbreak.

Yang Baoyan, President of Tapestry Asia Pacific and President and CEO of Coach China, said in an interview with a reporter from China News Agency that, driven by Chinese consumers, the company's recent global revenue has increased significantly compared to before the epidemic.

　　[Concurrent] Yang Baoyan, President of Tapestry Asia Pacific, President and CEO of Coach China

　　Many regions in the world are still affected by the epidemic.

In China, our business has achieved great success.

We just released the latest performance report this week. The data shows that the performance of the Chinese market is very impressive, and we are also very surprised to be able to achieve such results.

Compared with fiscal year 2020, sales in the Chinese mainland market increased by approximately 175%, and compared with fiscal year 2019, it increased by approximately 40%. The performance was remarkable.

　　[Explanation] Sun Jue, managing director of Swarovski Crystal Business Greater China, mentioned that after the epidemic, China's consumer market has entered a new round of upgrading.

　　[Concurrent] Sun Jue, Managing Director of Swarovski Crystal Business Greater China

　　In fact, China's consumer market has entered a new round of upgrading, especially after the epidemic last year. Due to the strong control of the Chinese government, the Chinese market should also be the fastest recovering consumer market in the world.

We have clearly seen a trend of great consumption upgrades.

　　[Explanation] Song Houchi, managing director of Eddington Group China, told a reporter from China News Agency that after seeing the effectiveness and performance of China's epidemic prevention and control, the group has now positioned China as the world's largest market in the future.

　　[Concurrent] Song Houchi, Managing Director of Eddington Group China

　　It is also because of this epidemic that we actually already have a 10-year plan, a 10-year plan for China.

Now China has been positioned by Eddington as the world's largest market in the future.

Therefore, a large amount of investment, our advertising expenses, etc., have been substantially doubled compared with last year, which represents the company's expectations for the future of the Chinese market.

　　Reporter Xia Bin, Lin Shijie, Shan Lu reports from Haikou

Editor in charge: [Li Ji]