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Man Wah Receives Orders of CHEERS Sofas Exceeding 90 Million RMB    2016-11-13

(13 November 2016, Hong Kong) – Man Wah Holdings Limited (“Man Wah” or “the Group,” stock code: 1999) has received record-setting orders totalling more than 90 million RMB for CHEERS products during the “Double 11” promotion on TMALL (www.tmall.com) on 11 November 2016, approximately 26% compared with the approximately 71.5 million RMB orders in last year’s “Double 11” promotion. This feat once again broke the single day sales record of reclining sofas on TMALL. This strong performance underscores the tremendous consumer acceptance of Man Wah’s products and the success of the Group’s carefully orchestrated online and offline sales and marketing promotions strategy.

Under the theme of “National Upgrade Day”, the Group has launched more than 100 products in the promotion and organized multiple promotional activities. The response to the activities this year was satisfactory. More than 30 thousand sofa products were sold on the day. Meanwhile, TMALL adopted an integrated online and offline marketing strategy for the first time, pre-selling coupons for offline shop orders through the online platform in order to facilitate offline deals and generate a greater overall sales volume.

Ms Zoe Wong, Executive Director and Deputy General Manager of the Great China Division of Man Wah, said, “As we see the increasing popularity of online sales in China, the Group has further boosted its marketing and advertising in online sales to enhance its brand awareness and attract wider customer attention so as to increase its market share. At the same time, the Group has adopted a creative marketing strategy to promote its products both online and offline. This strategy has effectively created new records of online turnover as well as offline transaction volume, testifying that our promotional activities are well-received by the consumers.”

About Man Wah Holdings Limited (HKEX: 1999)

Established in 1992, Man Wah Holdings Limited is a home furnishings group, primarily engaged in the design, manufacture and sale of a broad range of mid- to high-end recliner sofas, which are sold through extensive distribution channels in Hong Kong and the PRC, and directly exported to international market such as the USA and Europe under its well-known gn, manu brand. Man Wah is the No.1 recliner sofa manufacturer and retailer in the PRC and No.3 manufacturer in the USA.

The “CHEERS” brand received the prestigious China Top Brand award in September 2007 from the PRC authorities. The Group currently operates four sofa production facilities in the PRC, including Huizhou, Wujiang in Jiangsu Province, and Tianjin. The Group has an annual production capacity of 1.386 million sofa sets. In 2014, the Group was included in “Asia’s 200 Best Under A Billion” (revenues under $1 billion) list for the third time by the leading business magazine, Forbes. The Group has been included in the Hang Seng Composite MidCap Index since 8 September 2014 and in the Hang Seng Corporate Sustainability Benchmark Index since 14 September 2015. It is also among the first batch of investments targeted by the Shanghai-Hong Kong Stock Connect. For more information, please visit www.lazysubmit.com.