Tristate Holdings Limited 334567 192022222222222222 Victoria Place, 5th Floor31 Victoria StreetHamilton HM 10Bermuda Peter TAN 6672 5(852) 2279-3888(852) 2480-4676http://www.tristateww.com Tristate Holdings Limited6672 5(852) 2279-3888(852) 2423-5576cosec@tristateww.com 19884581,000 Peter TAN MUFG Fund Services (Bermuda) Limited4th Floor NorthCedar House41 Cedar AvenueHamilton HM 12Bermuda 183171712 1716(852) 2862-8555(852) 2865-0990/2529-6087 Tristate Holdings Limited20246 302023 20246 30 20246 30 20246 30 20246 30 20246 30 20246 30 3. 1. Victoria Place, 5th Floor, 31 Victoria Street, Hamilton HM 10,Bermuda6672 5 •12020•12022•16•77 (i)(ii) 1988 20246 3020248 26 2. 34 4. 34 202320243 5. (i)(ii) 2023 202312 3120243 25 20246 30 5. EBITDA (ii) (iii)16 20246 30 5. 59,273,000202340,645,000 20246 30202310%15%13%202313% (i) (ii) 20246 30 6. 7. 20246 3020,923,00020,296,00022,365,000 8. (i)20246 3016.5%202316.5% (ii) 11. 20246 3062,532,000202374,176,000271,776,5612023271,607,253 20246 30 11. 20246 3062,532,000274,865,938 20236 302023630 12. (b) 20246 3045,261,00020236 3047,570,00020246 304,009,00020236 301,975,00019,465,00020236 301,409,000 20248 260.0620230.06202412 31 14. (b) 202312 310.19202462420246 3051,794,00020247 16 13. (a) 20246 3054,300,00020236 3058,326,000 (i) 20246 30 14. (i) 20246 3010MASSIMO OSTI (ii) C.P. Company 4590202312314590 20246 30687,0005,924,00020271 13,435,000MO IP Srl45%MO IP SrlMASSIMO OSTI MASSIMO OSTI1014(i) 16. 20246 30202312 31 20246 30 20246 3010,790,000202312 319,773,000 19. 23. 60 20246 301,367,000202312 31 20.(a) 24. (a) (b) 20246 3033,499,000202312 3127,367,000 21. 20246 30202312 31 20246 30 25. 24. 13 (i)20232TDB Company LimitedTDBTDB20234 1320,00020233 31 (ii)20246 30TDB (b) 20246 3020231231 (i) 20246 30 20246 30202312 31 (ii) 20246 306.53%7.86%202312315.62%7.75% 2012612,000,000201320143,500,00020168,500,00020246 30 20246 30202312 31 20247C.P. Company2024/202580C.P. Company 20246 30 20246 306,30020236 307,4002024C.P. Company Cissonne C.P. Company202316%C.P. Company20245 20242023Nautica20%Nautica20246 30Nautica787120236 30163 Spyder20246 30Spyder4920236 3054 2024110MASSIMO OSTIMassimo Osti Studio687,000202713,435,000MO IP Srl45%MASSIMO OSTIMASSIMO OSTI20241 152023 ReebokReebok202417%202220242024630Reebok3620236 3023 202432024 1.NauticaSpyder Reebok MASSIMO OSTI 2.16 202419.26202320.5520236% 20249.53202311.29C.P. Company16%Nautica20%SpyderReebok17% 9.7420239.2769%202373%202315% 30%202331%22%202321%11%202315%15%202310% 20246 301.83202312314.6320246 307,700202312313,30020246 30202312 3120246301,100202312 311,00020246 3020231231 20247.9520238.7741.3%202342.7%C.P. CompanyNautica2024 2,0902,030 C.P. Company 2023NauticaC.P. Company 20246 30202312 3120246 242023 20232024 2023C.P. Company 2024 20246 3023 20246 306,650202312 316,370 2024C.P. Company C.P. Company2024 NauticaSpyderReebokReebok 20246 30571XV352C3 1.182,577,000New Perfect Global Limited 100%Silver Tree Holdings Inc.New Perfect Global Limited1 2.20246 30272,601,253 1.2,500 2.20246 3010,000,000 20246 30XV352 20246 30336 1.182,577,000New Perfect Global Limited 100%Silver Tree Holdings Inc.New Perfect Global LimitedSilver Tree Holdings Inc.New Perfect Global Limited182,577,000 2.182,577,0003.20246 30272,601,253 20246 30336 201620166 62016202352 20246 302016 1.25%(i)(ii)(iii)(iv) 2. 3.2.715 4.2.82 5.20246 24708,00017.03F17.06B(7)(8)2016(a)25%12(b)(c)1220162016 6.201620162016 7.20237420.976 2.822.828.87%62.98%3.357% 1,260 691,000 8.201617,324,72518,052,725 9.20160.0026 (ii)20247 12 20246 30C1C.2.1 202313.51B C.2.120246 30C.2.11999 20249 1220246 300.0620230.0620249 27 20249 1020249 12202491220249 94301831717121716 2023 20246 30 20246 30 20246 30 20248 26 202313.51B (i)20246 24202412 31202320