March 200 9

1. 2008 Annual Results Announcement March 2009

2. Agenda • Financial Highlights • Business Review • Strategies and Plans • Open Forum

3. Financial Highlights

4. Financial Highlights For the year ended 31 December Dividend payout ratio: 32.1%

5. Sustainable Turnover & Profit Growth Turnover Profit Attributable to Equity Holders RMB Mn RMB Mn yoy:+31.9% yoy: +71.9% year ended 31 Dec year ended 31 Dec • Satisfactory growth in turnover : • Continuous and significant increase in the sales of sports wear • Successful expansion into the global distribution market • Acceleration of the exploration of the domestic market

6. Growing Margins Gross Profit Net Profit RMB Mn RMB Mn 14.5% 23.8% 11.1% 582。7 22.3% NP excl one off gain year ended 31 Dec year ended 31 Dec • Improving gross profit margin: • Effective adjustment in product mix • Further enhancement of production efficiency • Net profit margin increased by 3.4 pct, due to • One-off gain: RMB128.2 million recorded from the forward currency contracts • Strong organic growth: NP increased by 43.2% if excluding the one off gain from the forward currency contract

7. Turnover Breakdown by Products • Significant growth in sports wear contribution was attributable to continuous increase in OEM operation for renowned sports brands (Adidas, Nike and Puma) as a result of increasing proportion of high-end products. • Increase in sales of casual wear as a result of improving product quality, and shorten delivery turnover • Substantial Growth in sports wear and lingerie wear has enriched the Group’s product portfolio

8. Turnover Breakdown by Regions • Stable growth contribution by Japan market • The European market and other markets (Hong Kong, Korea and Australia) recordedimpressive growth as a result of successful market diversification strategy and global market demand from certain customers • Declining contribution by the US market as affected by economic turbulence • Growth in domestic sales was driven by increasing demand of high-end sports apparel from renowned brand names

9. Healthy Financial Position For the 12 months ended 31 Dec For the 12 months ended 31 Dec

10. Business Review

11. Strengthened Management in Lean Manufacturing • Continuous measures on technological reform, equipmentupgrade and technology optimization have reduced our consumption on energy and waterresource throughout our manufacturing process • Effectively controlled its production cost by enhancing its internal control

12. More Reasonable Customer Base Casual wear customers Sports wear customers Lingerie and other customers • Prominent progress on our strategy to fine-tune the customerbase. Two renowned sports wear customers, ADIDAS and NIKE, account for [33]% (2007: 25%) of Group’s total turnover, with trend showing strong sales growth, effectively reduced Group’s reliance on single client. • Growing contribution by lingerie, with growing number of lingerie customers.

13. Rational Layout of the Sales Markets Further consolidated and developed strengthen Japan market Japan Removal of quotas system for China’s textile imports by EU in 2008, resulting in a strong sale growth of 45.7% from that market Rational layout of sale markets lowered the influence of a single marketon the Group’s operation Continuous rapid growth momentum of the domestic market, as a result of [increasing demand for renowned sports brand wear] Significant growth in the sales to other markets, which include Korea, Hong Kong, China and Australia due to [increasing demand for high end textile products]

14. Strategies and Plans

15. Optimization of Vertical Integration & Expansion of Production Capacity Optimize each production procedure, and strengthen the coordination and cooperation expand our garment production capacity by improving the efficiency of the existing equipment Optimization of vertical integration Ensure the full utilization of the productivity of the factories, further improvement of the production efficiency and completion of the new garment factory Expansion of production capacity Seek for other opportunities for the construction of new plant

16. Pls provide pics of some new (higher-end) textile products Enhancement of R&D & Focusing on higher-end textile products • Increase the investments in product research and development and promote high-end development of products • Fully leverage on the competitive edges of the Group in fabric developments  achieve optimal performance in sales of sports wear and lingerie • Consolidate the competitiveness of its products in the consumer market by adhering to product diversification and improving the product quality Casual wear Sports wear Lingerie wear

17. Ningbo Anhui Quzhou Cambodia Enhancement of Customer Service &Optimization of Structure of Production Base • Better ancillary services, including shortening the delivery turnover of the products and providing examination services of the products • Focus on the production procedures with high added value, technology intensive, high resource consumption and high requirements to the ancillary facilities in the coastal area • Shift certain of the cutting and sewing procedures to the labour intensive central area

18. Expansion into global distribution markets • Consolidate and further develop the market in Japan • Concentrate on the development of the distribution market in the PRC • Achieving a balanced development in the EU, the US, Korea and Australia Europe US Asia (incl the PRC, HK & Korea) Australia

19. Mission The Most Competitive Knitwear Manufacturer In the World

20. Open Forum