Common use of THE MASTER AGREEMENT Clause in Contracts

THE MASTER AGREEMENT. On 30 March 2021, the Company and Toray entered into the Master Agreement in relation to the sale of fabrics manufactured or owned by the Group to the Toray Group. The principal terms of the Master Agreement are set out below: Date 30 March 2021 Parties (i) the Company; and (ii) Toray Nature of transactions Pursuant to the Master Agreement, the Group and the Toray Group shall enter into the transactions relating to the sale of fabrics manufactured or owned by the Group to the Toray Group. The sale shall be conducted on normal commercial terms and subject to and upon the terms and conditions contained in the purchase orders to be agreed between the relevant parties. The purchase orders will set out, among other things, the type and specification of the fabrics, quantity, price, payment terms, delivery date, shipping terms, etc.. Term and termination The term of the Master Agreement commences on 1 April 2021 and continues until 31 March 2024, which will be automatically renewed for a further term of three years subject to compliance by the Company with any applicable requirements under the Listing Rules. The Master Agreement may be terminated at any time by either party after giving three months’ prior written notice to the other party. Pricing policy The prices for the fabrics will be determined among the parties from time to time on an arm’s length basis and comparable to the prevailing market rates or at rates similar to those offered by the Group to independent third parties. The standard price of fabrics of the Group is determined by reference to the Group’s cost of raw materials, knitting method and technique required for the fabrics, specifications of products (including elasticity, colors, etc.) and other relevant production costs. The final price for each transaction may be negotiated based on further detailed product requirements or specifications, quantity, weight, lead time, prevailing market conditions etc. subject to the incorporation of a reasonable profit margin. For the six months ended 31 March 2019, the year ended 31 March 2020 and the year ending 31 March 2021, the aggregate sales of fabrics from the Group to the Toray Group amounted to approximately HK$17 million (audited), HK$47 million (audited) for 2019 and 2020 respectively and estimated to be approximately HK$36 million for 2021 (subject to audit).

THE MASTER AGREEMENT. On 30 March 2021, the Company and Toray CIGL entered into the Master Agreement in relation to the sale of knitted fabrics manufactured or and owned by the Group to the Toray GroupCrystal. The principal terms of the Master Agreement are set out below: Date 30 March 2021 Parties (i) the Company; and (ii) Toray CIGL Nature of transactions Pursuant to the Master Agreement, the Group and the Toray Group Crystal shall enter into the transactions relating to the sale of knitted fabrics manufactured or and owned by the Group to the Toray GroupCrystal. The sale shall be conducted on normal commercial terms and subject to and upon the terms and conditions contained in the purchase orders to be agreed between the relevant parties. The purchase orders will set out, among other things, the type and specification of the knitted fabrics, quantity, price, payment terms, delivery date, shipping terms, etc.. Term and termination The term of the Master Agreement commences on 1 April 2021 and continues until 31 March 2024, which will be automatically renewed for a further term of three years subject to compliance by the Company with any applicable requirements under the Listing Rules. The Master Agreement may be terminated at any time by either party after giving three months’ prior written notice to the other party. Pricing policy The prices for the knitted fabrics will be determined among the parties from time to time on an arm’s length basis and comparable to the prevailing market rates or at rates similar to those offered by the Group to independent third parties. The standard price of knitted fabrics of the Group is determined by reference to the Group’s cost of raw materials, knitting method and technique required for the fabrics, specifications of products (including elasticity, colors, etc.) and other relevant production costs. The final price for each transaction may be negotiated based on further detailed product requirements or specifications, quantity, weight, lead time, prevailing market conditions etc. subject to the incorporation of a reasonable profit margin. For each of the six months years ended 31 March 2019, the year ended 31 March 2020 and the year ending 31 March 2021, the aggregate sales of knitted fabrics from the Group to the Toray Group Crystal amounted to approximately HK$17 HK$1,109 million (audited), HK$47 HK$1,001 million (audited) for 2019 and 2020 respectively and estimated to be approximately HK$36 HK$986 million for 2021 (subject to audit).