Operation Update doc 2025

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The operational update for Top Form International Limited in the third quarter of fiscal 2007 highlights ongoing challenges in the U.S. apparel market and a deteriorating operating environment in the Pearl River Delta due to wage increases and labor shortages. The company reports a slight increase in brassiere shipments compared to the previous quarter, while maintaining a strong financial position. The outlook remains cautious as market softness is expected to continue, prompting a strategy shift towards lower-cost production areas and increased direct business with European retailers.

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