Sales and Distribution Network

We distribute our branded products through an extensive nationwide retail network consisting of 3,127 retail outlets across 31 provinces, autonomous regions and municipalities in the PRC as at June 30,2015. Among them, 2,879 retail outlets were owned and operated by our distributors and third-party retailers, and the remaining 248 outlets were operated by us.

In addition, we have expanded our sales network to multiple other direct distribution channels, including large-scale institutional purchases and online sales.