We attach herewith the announcement made to The Stock Exchange of Hong Kong Limited ("The HKEx") on 1 August 2025 by Parkson Retail Group Limited ("PRGL"), a 54.97% owned subsidiary of the Company listed on The HKEx, pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The HKEx ("Listing Rules") and the Inside Information Provision (as defined in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) in relation to the successful tender for a tenancy of the property in Mianyang City, Sichuan Province, the People's Republic of China ("PRC").

On 1 August 2025, PRGL had announced that Mianyang Shangma Parkson Plaza Commercial Management Co., Ltd., an indirect wholly-owned subsidiary of PRGL, has successfully won the bid in the tender for the tenancy of Level 5 of the Talent Apartments Project located at Mianyang Science and Technology City New District in Mianyang City, Sichuan Province, the PRC owned by Mianyang New Investment Industrial Co., Ltd. at a bidding price of approximately Rmb1.44 million (equivalent to approximately RM0.85 million) per annum ("Tenancy").

For the purpose of this announcement, an exchange rate of Rmb1.00: RM0.59 is assumed.

The Tenancy, if materialised, may constitute a notifiable transaction of PRGL under Chapter 14 of the Listing Rules. PRGL will make further announcement(s) as and when appropriate and comply with all other applicable requirements under the Listing Rules.