HONG KONG, March 27, 2023-

Hengan International Group Company Limited (“Hengan International” or the “Company”, SEHK stock code: 1044, together with its subsidiaries, the “Group”) recently announced annual results for the year ended December 31, 2022. The Group's revenue increased by 8.8% to approximately RMB22,615,878,000 ($3,284,096,876) as compared to 2021 (2021: RMB20,790,144,000). Benefitting from the ongoing omni-channel strategy and continuous enhancement of the brand image, the Group’s revenue is expected to maintain growth in 2023.

During the year, Hengan greatly expanded the e-commerce platforms and new retail channels through effective price stabilisation strategies and continuous launch of upgraded products. It also promoted sales and created new growth points in traditional channels and achieved good results in omni-channel development. The Group further increased its proportion of e-commerce sales to close to approximately 26.9% (2021: 23.1%), of which other new retail channels (including online-to-offline (O2O) platform, community group-buying, etc.) have also made good progress with sales accounting for more than 13.0% of the overall sales.

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