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Grand Opening of Xinyu Elegant's Vacheron Constantin Boutique

HONG KONG, July 11 /Xinhua-PRNewswire/ -- Xinyu Hengdeli Holdings Limited ("Xinyu Hengdeli" or the "Company" and its subsidiaries, the "Group"; HKEx: 3389), a leading enterprise engaged in retail and wholesale businesses of renowned international watch brands in China, announced the grand opening of Vacheron Constantin boutique in Lee Theatre Plaza, Causeway Bay yesterday. This is the second Vacheron Constantin boutique of Hong Kong Xinyu Elegant, the Group's retail arm of high-end consumer products.

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Located on the ground floor of Lee Theatre Plaza, the boutique is in a bustling street of Causeway Bay, with a total floor area of over 1,000 square feet. The new shop is decorated in the unique and exquisite style of Vacheron Constantin, parading a touch of elegance and prestigious. It houses a comfortable VIP zone with seasoned watch consultants ready to provide attentive and professional services to customers, bringing the most privileged shopping experiences in town.

Mr Zhang Yuping, Chairman of Xinyu Hengdeli, Mr Samuel Lee, CEO of Elegant Watch & Jewellery (the Company's subsidiary), Mr Yann Bouillonnec, Managing Director of Vacheron Constantin Asia Pacific, together with Mr Charlie Lai, CEO of Vacheron Constantin China and Hong Kong, were present at today's opening ceremony.

Mr Zhang Yuping, Chairman of Xinyu Hengdeli, said, "After years of concerted effort, Xinyu Hengdeli has established an extensive retail network covering the PRC and Hong Kong. At present, the Group owns 190 retail stores and has started to expand our network overseas. Going forward, we will continue to strengthen our relationship with brand suppliers while providing a comprehensive and quality distribution platform for them.

Mr Zhang continued, "Under the partnership of Xinyu Hengdeli and Vacheron Constantin, I am confident with the sales of Vacheron Constantin boutique in Lee Theatre and believe that the partnership will continue to be strengthened."

Mr. Yann Bouillonnec, Managing Director of Vacheron Constantin Asia Pacific said, "Here I would like to extend my gratitude to my partner for their continuous support and trust throughout the years. The opening of our second boutique in Hong Kong marks our dedicated efforts in developing the PRC and Hong Kong markets. We are confident in the brand's future development in China."

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SOURCE Xinyu Hengdeli Holdings Limited
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