Chow Tai Fook Clarifies Against Alleged Media Report on Gold Price Fixing in the Mainland of China
28 Apr 2014

Chow Tai Fook Jewellery Group Limited (“Chow Tai Fook” or the “Company”, stock code: 1929), a world-leading jeweller with a heritage of over 80 years, is aware of an alleged report in the mainland media today relating to the gold price fixing situation in Mainland China, an allegation which also occurred in July last year. Chow Tai Fook feels that these allegations would adversely affect its reputation and would like to clarify that it is not involved in any collective price fixing activities.  

Chow Tai Fook reiterates that it has always complied with all relevant laws and regulations in Mainland China in its business operations.

  1. Chow Tai Fook has its own gold pricing mechanism, and has never been involved in any price fixing activities.
  2. Chow Tai Fook’s gold product prices are reasonably set based on the cost of raw materials and various operating costs such as design, craftsmanship and services, while taking the international gold price as a major reference.
  3. Chow Tai Fook always complies with all relevant laws and regulations, and will continue to abide by this principle in the operation of its business.