WIN HANVERKY (03322) announced that the same-store sales growth rate for directly operated physical stores in its premium fashion retail business was approximately +2% for the fourth quarter of 2025 and approximately –4% for the year-to-date period of 2025. In contrast, the overall revenue growth rate for the premium fashion retail business reached approximately +16% for the fourth quarter of 2025 and approximately +8% for the year-to-date period of 2025. The premium fashion retail business introduced a franchise store model for a rapidly growing brand in the second half of 2024. The increase in the overall revenue growth rate for 2025 to date was primarily driven by wholesale revenue generated from sales to the franchisees of this brand.