According to Zhitong Finance App News, Shengnuo Group (01418.HK) issued an announcement. As far as regional revenue classification is concerned, retail sales revenue is classified according to the location of relevant retail stores and consignment counters, while wholesale sales revenue is classified by the location of the relevant customer. This location is determined by the billing address recorded on the sales invoice. Therefore, sales to customers classified as being located in (i) mainland China and (ii) Hong Kong, Macau, Vietnam, other North American markets (excluding the US) and other overseas markets (collectively referred to as other regions) are separately attributable to mainland China and other regions, regardless of whether such customers subsequently sell, transport or distribute the relevant products to markets outside of mainland China or other regions (as the case may be), or made the related products into manufactured products. Therefore, the regional revenue classification may not identify the final end market or place of consumption of the Group's products.

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