Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

D AP H N E I N T E R N AT I O N AL H O L D I N G S L I M I T E D? ? ? ? ? ? ? ? ? ? ? *

(Incorporated in the Cayman Islands with limited liability) (Stock code: 210)

UNUSUAL SHARE PRICE AND TRADING VOLUME MOVEMENTS

This announcement is made at the request of The Stock Exchange of Hong Kong Limited (the

?Stock Exchange?).

The board of directors (the ?Board?) of Daphne International Holdings Limited (the ?Company?) has noted the recent increases in the price and trading volume of the shares of the Company and wishes to state that it is not aware of any reasons for such movements, save as stated below.

The Company, together with its subsidiaries, recently released the operating information of its core brand business (?Daphne? and ?Shoebox?) for the first half of 2011 as follows:

Same store sales growth rate

Net addition of points-of-sale

Second quarter of FY2011

32%

156

(including 123 directly-managed stores and 33 franchised stores)

First half of FY2011

17%

294

(including 251 directly-managed stores and 43 franchised stores)

The Board confirms that there are no negotiations or agreements relating to intended acquisitions or realisations which are discloseable under Rule 13.23 of the Rules Governing the Listing of Securities on the Stock Exchange (the ?Listing Rules?), neither is the Board aware of any matter discloseable under the general obligation imposed by Rule 13.09 of the Listing Rules, which is or may be of a price-sensitive nature.

Made by the order of the Board, the directors of which individually and jointly accept responsibility for the accuracy of this announcement.

By Order of the Board

Daphne International Holdings LimitedChen Ying-Chieh

Chairman

Hong Kong, 22 July 2011

As at the date of this announcement, the Board comprises Mr. Chen Ying-Chieh, Mr. Chang Chih- Kai and Mr. Chang Chih-Chiao being the executive directors, Mr. Chen Hsien Min and Mr. Kim

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Jin-Goon being the non-executive directors; Mr. Hsiao Hsi-Ming, Mr. Huang Shun-Tsai and Mr. Kuo Jung-Cheng being the independent non-executive directors and Mr. Lau Wai Kei, Ricky being the alternate director to Mr. Kim Jin-Goon.

* for identification purpose only

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