We refer to the Company's announcement dated 9 September 2026 in relation to the announcement made to The Stock Exchange of Hong Kong Limited ("The HKEx") by Parkson Retail Group Limited ("PRGL"), listed on The HKEx and a 54.97% owned subsidiary of the Company, in relation to the major transaction on the renewal of tenancy in Nanchang City, Jiangxi Province, the People's Republic of China ("Renewal of Tenancy in Nanchang") ("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 25 September 2026, published a circular in relation to the Renewal of Tenancy in Nanchang as required under the Listing Rules, which can be downloaded from the website of The HKEx at https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0925/2026092500634.pdf.