We refer to the Company's announcement dated 8 May 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, on the very substantial acquisition in relation to the renewal of a tenancy in Shanghai, the People's Republic of China ("Announcement").

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

On 26 May 2026, PRGL had announced that as additional time is required to finalise certain information in the circular in relation to the Shanghai Renewal Agreement and the Shanghai Hongqiao Tenancy ("Circular"), the despatch of the Circular to the shareholders of PRGL which was earlier expected to be on or before 26 May 2026, will be postponed to on or before 15 June 2026 ("PRGL Announcement"). A copy of the PRGL Announcement is attached herewith.