Half-year Report 2021

SG&A SG&A as a % of Sales 22.3% 5.7% 24.5% 5.1% 19.4% 16.6% H1 2020 H1 2021 I Administrative expenses ratio ■Selling & marketing expenses ratio • • • • Vinda Continue to invest for brand building, with focus on premium products Tough comparison to H1 2020 due to COVID lock down Major brand building and launch campaign in Feminine Care in China Improved general administrative efficiency BAOPU Beli WhatsApp &Menang! Drypers MADE TO FIT VERS ·金盏花恩恩&天然果如 Half-year Report 2021 天猫宝藏铝品牌 Libresse Libresse T 21 Chicco Baby Stroller Car Seat Produk Drypers x5 pemenang 3 bulan x25 pemenang Tempo Sakura 【期間 ·限定 Tempo Sakura 品味 Tempo Sakura TEMPO HONG KONG tempohongkong Q 一抹櫻の香「每包紙手巾时糊款小包設計 11 11 NEW!

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