As one of the leading luxury fashion brand retailers in China, Rainbow always strives to target local demand, seek new business opportunities, and develop new markets. Experiencing exceptional economic growth in the recent years, China has witnessed a surge in demand for luxury goods. The Group sees tremendous development potential in China's second and third-tier cities and has actively sought to enhance its presence in these cities.
Through a stable expansion, we have had the pleasure of establishing long-standing partnerships with renowned international brands whose success in the Macau and China market is a statement of our retail management abilities. Led by an experienced team with extensive insight and expertise, we kept abreast of domestic consumer demands, brand characteristics, and also market trends to maintain our competitive edge. Combined with our knowledge of the industry, these keys help build a solid foundation for our future development and maximize our returns.
On behalf of the Group, I would like to express my sincerest thanks to our brand partners and customers who have supported us continuously over the years.
Ms. Terry Sio