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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 . Top Form TOP FORM INTERNATIONAL LIMITED 黛麗斯 國際 有限公司 * ( Incorporated in Bermuda with limited liability ) ( Stock Code : 333 ) OPERATIONAL UPDATE FOR 1st QUARTER OF FISCAL 2022 In continuation of the efforts to enhance the transparency of Top Form International Limited ( the “ Company ” ) and its subsidiaries ( collectively “ Top Form ” or the " Group " ) , the board ( the " Board " ) of directors ( the “ Directors ” ) of the Company announces the following operational update for the first quarter of fiscal 2022 . SALES During the quarter , the Group has achieved sales of HK $ 366 million , which was 17 % higher compared with corresponding period in the prior year . This was mainly driven by the strong sales of seamless products and also recovery of sales to European customers . 60 % of sales were to the U.S. market , 20 % to the E.U. and 20 % to the rest of the world . MANUFACTURING Production from the overseas manufacturing facilities in Southeast Asia accounted for 56 % of the global output with China accounted for the remaining 44 % during the quarter . In the last few months , our overseas factories experienced different level of disruption due to the rampant Delta variant in Southeast Asia countries including sporadic closure of production lines , increased absenteeism due to community lockdown , etc. In order to cope with the capacity shortfall in overseas factories the Group has swiftly shifted the orders to our Chinese factories and minimized disruption to the customer delivery schedule . Despite the recent challenges in global supply chain , the Group remains committed to shift and increase the manufacturing capacity in lower cost Southeast Asian countries . During the quarter , gross profit margin was higher as compared with the same period last year due to higher sales and also improved customer and product mix . * For identification purpose only