We refer to the Company’s announcement dated 8 December 2025 in relation to the announcement made to The Stock Exchange of Hong Kong Limited ("The HKEx") by Parkson Retail Group Limited ("PRGL"), a 54.97% owned subsidiary of the Company listed on The HKEx, in relation to the major transaction on the supplemental agreement to tenancy agreement in respect of the property in Hefei City, Anhui Province, the People’s Republic of China ("Major Transaction") ("Earlier Announcement").

Unless otherwise stated, the terms used throughout this announcement shall have the same meaning as defined in the Earlier Announcement.

PRGL had on 24 December 2025, published a circular in relation to the Major Transaction which included details of the Supplemental Agreement as required under the Listing Rules, which can be downloaded from the website of The HKEx at https://www1.hkexnews.hk/listedco/listconews/sehk/2025/1224/2025122400860.pdf.