Chow Tai Fook Jewellery Group Limited ( "Chow Tai Fook" or the "Company"; collectively with its subsidiaries, the "Group"; stock code: 1929), the largest jeweller listed in Hong Kong, China with 87 years' heritage, is pleased to announce that the Group has become one of the Reference Price Members of the Shanghai Gold Benchmark Price, the world's first RMB-denominated gold benchmark price. Being the only selected Hong Kong jewellery brand, its participation fully represents the Group's leading position in the industry and prestigious brand reputation.

The Shanghai Gold Benchmark Price Trading involves the Fixing Members and the Reference Price Members. Chow Tai Fook, as one of the Reference Price Members, is responsible to submit the market reference price during the first round of centralised referencing price offering period. Thanks to continuous opening up of the gold market, Mainland China has become the world's major gold producing and consuming market. The launch of the Shanghai Gold Benchmark Price marks a new milestone in the internationalisation of Mainland China's gold market, by offering global investors a fair and tradable RMB-denominated gold benchmark price. "Chow Tai Fook is honored to contribute to the internationalisation of Mainland China's gold market by facilitating the RMB-denominated gold benchmark price." said Executive Director Chan Sai Cheong who is in charge of the Mainland China operations.

Chow Tai Fook has great influence on the gold jewellery industry in Hong Kong. In 1956, the Group introduced 999.9 gold jewellery in Hong Kong and Macau. The 999.9 fineness of pure gold was then adopted by the Hong Kong government as the industry standard in 1984 till now. The brand is also widely recognised in the gold consuming market and renowned for its trustworthiness and authenticity. The opportunity of becoming a Reference Price Member of the Shanghai Gold Benchmark Price once again underlines the Group's prominence in Mainland China.