As the leader of footwear retailers in mainland China, BELLE international has the most extensive retail network, which will benefit a lot from the increasing consumerism and the growing disposable income of the mainland.

After acquiring the brand of miaali and Fila, BELLE recently acquired the fifth largest footwear brand in China at a relatively cheap price.

BELLE currently has 5 of the top 10 brands, with a total market share of 21.5%.

After many years of winning the first place in women's shoes market, BELLE's market share in men's shoes has also climbed to the top.

As the largest authorized distributor of Nike and Adidas in China, BELLE will turn Fila, the world's top third fashion sportswear brand, into another Kappa.

Specific plans will be introduced in the first half of 2008.

Because BELLE has strong sales channels, our bank believes that Fila business will be successful.