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08/0908/09I.TLIMITEDANNUALREPORT2008/2009I.TLIMITEDI.TLimited08/0923I.TLimited08/0941618202429343941525395I.TLimited08/094I.TiswellestablishedasainfashionapparelretailmarketinHongKongwithstoresinthePRC,Taiwan,Macau,Thailand,SaudiArabia,AustraliaandthePhilippines.TheGrouphasanextensiveselfmanagedretailnetworkextendingtoover300storesacrossGreaterChinawithstaffaround3,400.SEERTT5I.TLimited08/09SDNERTTI.TLimited08/096isnotjustaashioniconT.I7I.TLimited08/09faI.TLimited08/098VEFORFASHIONeswithdifferentfashionconcepts,soldatvaryingretailpricepointsandtargetedatdifferentcustomergroups.9I.TLimited08/09WEACTUALLYLIVThroughthemulti-brandandmulti-layerbusinessmodel,weofferawiderangeoffashionapparelandaccessorieI.TLimited08/0910BalenciagaCommedesGarconsABathingApeMaisonMartinMargielaMiuMiuJilSanderAlexanderMcQueenTsumoriChisatoYvesSaintLaurentChloeAnnDemeulemeesterD&GDiorHommeVISVIMonaldesigner’sbrands,in-housebrandsandlicensedbrands.Internationalbrandsinclude11I.TLimited08/09AI.Tcarriesapparelfromestablishedandup-and-cominginternatioI.TLimited08/0912w.izzue.com,b+ab,5cm,fingercroxx,lasuite.LicensedbrandsincludeMLB,ntothis,theGrouphasestablishedong,MacauandthePRCthroughjointndlicensedbrandsthroughandsarewellacceptedinThailand,ppines.MoreshopswillbeopenedinAustraliaandSouthEastAsiainthe13I.TLimited08/09In-housebrandsinclude@ithk.com––FCUKIT(1)76––ZITH.K.(1)1–––I.T1121044248FCITChina(1)151367(2)88––I.T94––FCITMacau(1)2–––––1010––75––2–(1)50%(2)51%30010I.T17I.TLimited08/09B.I.T421,154410,968––FCUKIT(1)12,63412,205––ZITH.K.(1)2,400–––I.T250,962204,71053,46654,467FCITChina(1)25,67122,1367,8449,297(2)10,2597,974––I.T27,6803,760––FCITMacau(1)4,430–––––9,0779,995––9,0236,279––1,711–I.TLimited08/091819I.TLimited08/09I.TLimited08/092035.2%2,733,300,00034.1%1,611,700,000EBITDA1.8%27.7%124,500,00013.4%2,005,900,0004.5%44.3%578,100,00023.6%I.TChinaLimitedG.S–i.tLimited21I.TLimited08/090.040.16-75.0%0.040.16-75.0%–10.6(1)1.051.06-0.9%(2)119.6116.1+3.5(3)166.6451.5-284.9(4)312.0414.9-102.9(5)2.82.9-0.1(%)(6)10.70.8+9.9(1)(2)(3)(4)(5)(6)FASHIONshapingthefashionsceneinGreaterChina23I.TLimited08/09I.TISII.TLimited08/0924(a)35.2%2,733,300,0002,021,300,00075.6%21.8%75.6%21.8%1.1%1.5%100.0%47.7%47.7%47.7%4.6%100.0%59.5%59.0%25I.TLimited08/0946.6%1,468,900,0001,002,000,00021.5%23.6%17.5%18.0%1.3%1.9%21,100,00026,500,00059,600,00075.1%42,600,000171,000,00072,100,000201,700,00064.3%EBITDA249,800,000275,700,0009.4%59,600,00022,500,000124,500,00027.7%(b)13.4%2,005,900,0001,769,100,0004.5%62.1%60.5%1.647.7%47.3%21.4%22.3%18.7%18.7%9.4%8.3%I.TLimited08/0926(c)44.3%578,100,000400,700,000I.TChinaLimitedG.S–i.tLimited263,000,00023.6%54.5%55.3%0.8%52.5%44.0%25.3%13.6%(d)24.0%5cm19GaleriesLafayette(OECD)AndrewsUniversityNationalInvestorRelationsInstitute414531I.TLimited08/0942403839b+ab384342LaTrobe403338I.TChinaI.TChinaUniversityofHullAEDPORTFOLIOI.THASUNIQUEBRANDI.TLimited08/0934293135I.TLimited08/09A.2.1FrancisGoutenmacherI.TLimited08/0936FrancisGoutenmacher412/411/12–3/32/24/412/124/5–2/212/412/12–––23/4–5/53/32/2FrancisGoutenmacher33/4–5/53/3–4/4–5/5––1234E.1.237I.TLimited08/09522,810,000540,000(i)(ii)I.TLimited08/093839I.TLimited08/09I.TBabyJanecacharelT-shirtBabyJanecacharelT-shirtBabyJanecacharelT-shirt15034,500EPSiDOcross-overT-shirt://://://://’tbelieveinlove,nothingissafeforme(OSR)OSRI.T1,000,000KENZOxKENZOMarieClaireKENZO70,000KENZOAntonioMarras70,000I.TXX20I.TXX22026,620I.T20,00041I.TLimited08/09I.TLimited17517538.51,429,125341,