Region KOSE Counter Klang Valley Aeon Midvalley Klang Valley Aeon Bukit Tinggi Klang Valley Parkson BU2

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Region KOSE Counter Klang Valley Aeon Midvalley Klang Valley Aeon Bukit Tinggi Klang Valley Parkson BU2 Klang Valley Parkson Sunway Pyramid Klang Valley Isetan KLCC Klang Valley Parkson Subang Parade Klang Valley Sunshine Square Klang Valley Aeon One Utama Klang Valley Isetan Garden Klang Valley Parkson Pavilion Klang Valley Parkson Setia City Klang Valley Aeon Taman Maluri Klang Valley Parkson Klang Parade Klang Valley Aeon Metro Prima Kepong Klang Valley Sogo Central i-City Melaka Parkson Mahkota Parade Melaka Aeon Bandaraya Melaka Penang Parkson Gurney Penang Aeon Queensbay Penang Parkson Sunway Carnival Penang Gama Penang Penang The Store Centre Square Penang Pacific Prai Penang Parkson Aman Central Ipoh Parkson Ipoh Parade Ipoh Aeon Kinta City Ipoh PACIFIC Taiping Mall Ipoh Best Look Sitiawan Ipoh Soon Beauty Johor Aeon Tebrau Johor Aeon Bukit Indah Johor Parkson Pradigm Mall JB Johor Pacific Batu Pahat Johor The Store Muar Johor Parkson Batu Pahat Johor Sogo South Key Mid Valley Johor East Coast Parkson East Coast East Coast Pacific Kota Bahru East Coast Pacific Mentakab East Malaysia Parkson Imago East Malaysia Parkson Spring East Malaysia Parkson Sibu East Malaysia Metrojaya Suria KK Region KOSE Counter East Malaysia Kose Beauty House - Tawau East Malaysia Parkson- Miri East Malaysia Maylana Sandakan East Malaysia Modern Cosmetic.

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Management Discussion and Analysis
MANAGEMENT DISCUSSION AND ANALYSIS BUSINESS AND OPERATIONS The Group is principally engaged in the operation of the “Parkson” and “Centro” brands department stores. Its stores offer a wide range of internationally renowned brands of fashion and lifestyle related merchandise in 4 main categories namely, Fashion & Apparel, Cosmetics & Accessories, Household & Electrical, and Groceries & Perishables, essentially targeting the young and contemporary market segment. In addition, the Group is also involved in the retailing of fashionable goods, operation of gourmet supermarkets and food and beverage (“F&B”) outlets, and consumer financing business. The businesses of the Group are spearheaded by Parkson Retail Group Limited (“PRGL”), listed on The Stock Exchange of Hong Kong Limited, which operates and manages 47 retail stores in China; and Parkson Retail Asia Limited, listed on the Singapore Exchange Securities Trading Limited, that houses 66 retail stores in Southeast Asia. The number of owned and managed stores in each location is as follows: Number of Stores As at 30 June 2018 2017 Malaysia 44 45 China 47 49 Vietnam and Myanmar 7 8 Indonesia 15 17 113 119 OVERVIEW 2018 2017 Change Consolidated Statement of Profit or Loss RM Million RM Million Gross sales proceeds 11,092 11,629 -5% Revenue 3,982 3,964 0.5% Operating profit/(loss) 3 (142) >100% (Loss)/profit before tax (83) 224 (#) - >100% Consolidated Statement of Financial Position Total assets 8,948 9,757 -8% Deposits, cash and bank balances 2,594 3,143 -17% Total liabilities 5,340 5,908 -10% Total borrowings 2,499 2,697 -7% Net assets 2,234 2,391 -7% (#): Included (i) gain on disposal of a subsidiary in China of RM828 million; and (ii) impairment losses on assets amounting to a total of RM428 million.
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Penang Page 1 Area Location State Outskirt ODA 10990 Penang Yes
Penang Post Major code Area Location State Town Outskirt ODA Delivery Day Delivery Delivery Day - 1 to 2 Day - 1 to 7 - 3 to 4 working working working days days days 10990 Pulau Pinang - Beg berkunci Pulau Pinang Penang Yes 11000 Focus Heights Balik Pulau Penang Yes 11000 Jalan Pinang Nirai Balik Pulau Penang Yes 11000 Kampung Kuala Muda Balik Pulau Penang Yes 11000 Kebun Besar Balik Pulau Penang Yes 11000 Kuala Muda Balik Pulau Penang Yes 11000 Padang Kemunting Mk. E Balik Pulau Penang Yes 11000 Padang Kemunting Balik Pulau Penang Yes 10000 Bangunan Komtar Pulau Pinang Penang Yes 10000 Jalan Gladstone Pulau Pinang Penang Yes 10000 Jalan Magazine (No Genap) Pulau Pinang Penang Yes 10000 Kompleks Tun Abdul Razak Pulau Pinang Penang Yes 10000 Lebuh Tek Soon Pulau Pinang Penang Yes 10000 Prangin Mall Pulau Pinang Penang Yes 10050 Jalan Argyll Pulau Pinang Penang Yes 10050 Jalan Ariffin Pulau Pinang Penang Yes 10050 Jalan Arratoon Pulau Pinang Penang Yes 10050 Jalan Bawasah Pulau Pinang Penang Yes 10050 Jalan Burma (1 - 237 & 2 - 184) Pulau Pinang Penang Yes 10050 Jalan Chow Thye Pulau Pinang Penang Yes 10050 Jalan Clove Hall Pulau Pinang Penang Yes 10050 Jalan Dato Koyah Pulau Pinang Penang Yes 10050 Jalan Dinding Pulau Pinang Penang Yes 10050 Jalan Gudwara Pulau Pinang Penang Yes 10050 Jalan Hutton Pulau Pinang Penang Yes 10050 Jalan Irawadi Pulau Pinang Penang Yes 10050 Jalan Khoo Sian Ewe Pulau Pinang Penang Yes 10050 Jalan Larut Pulau Pinang Penang Yes 10050 Jalan Nagore Pulau Pinang Penang Yes 10050 Jalan Pangkor Pulau Pinang Penang
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Private Sector Interest in Airport Upgrade
State aid 槟政府塑造精明州 for national 《珍珠快讯》 schools pg17 封面 JANUARY 1– 15, 2019 1– 15, JANUARY Private sector interest in airport upgrade The Penang International Airport is undergoing They are some upgrading works. proposing a 16-million passengers per annum capacity upgrade - CHOW Story by Christopher Tan SEVERAL private companies have expressed their interest to the Penang government to help upgrade the Penang International Airport (PIA). Chief Minister Chow Kon Yeow said the private sector was proposing to expand the capacity of the PIA a “bigger” upgrade of the airport. from 6.5 million passengers per an- “They are proposing a 16-million num to 12 million. passengers per annum capacity up- “The expansion is to be con- grade. ducted within their land bank to- “However, this will require land wards the north of the airport without acquisition beyond the land bank of the need for land acquisition. the airport. “However with the change of “The proposals are on the table government, the ministry is now for the minister and the Transport looking at grouping the airports in Ministry to make a decision,” he said the country into various ‘zones’ - during the Malaysia Dutch Business northern, central, Sabah and The Penang International Airport bustling with activity. Council (MDBC) Penang Dialogue Sarawak. 2018 on Dec 7. “And of course the federal gov- ang Tourism Development, Heritage, riod of two years. ence in Komtar on Dec 14. Chow said the ministry was cur- ernment prefers to invite private fi- Culture and Arts Committee chair- “Among the scopes of work are Yeoh was responding to a news rently planning to improve the inte- nancial initiatives together with the man Yeoh Soon Hin said that the the relocation of airline ticket coun- report which stated that this year the rior of the airport to increase the airport authorities to help upgrade passenger traffic at the PIA had- in ters, the increase in check-in and airport was all set to surpass last comfort level of passengers during the airports in the country, rather than creased tremendously this year.
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Parkson Retail Group Limited
THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION If you are in doubt as to any aspect of this circular or as to the action to be taken, you should consult your licensed securities dealer, bank manager, solicitor, professional accountant or other professional adviser. If you have sold or transferred all your shares in PARKSON RETAIL GROUP LIMITED, you should at once hand this circular to the purchaser or the transferee or to the bank, licensed securities dealer or other agent through whom the sale or transfer was effected, for transmission to the purchaser or transferee. The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this circular, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this circular. PARKSON RETAIL GROUP LIMITED (a company incorporated in the Cayman Islands with limited liability) (Stock Code: 3368) DISCLOSEABLE TRANSACTION ACQUISITION OF MANAGED STORES IN KUNMING 8 December 2006 CONTENTS Page DEFINITIONS ............................................................ 1 LETTER FROM THE BOARD ............................................... 7 APPENDIX — GENERAL INFORMATION ..................................... 15 —i— DEFINITIONS In this circular, unless the context otherwise requires, the following expressions have the following meanings: “Acquisition” the transactions contemplated under the Sale and Purchase Agreement “Anshan
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Profile of Key Senior Management
PROFILE OF KEY SENIOR management Juliana Cheng San San Singaporean, female, 50 years of age Ms Juliana Cheng San San was appointed an Executive Director of Parkson Retail Group Limited (“PRGL”) on 28 August 2015. PRGL Group undertakes the Group’s retail business in the People’s Republic of China (“PRC”). Ms Juliana Cheng graduated with a Bachelor of Commerce (Management) from the University of Western Sydney, Australia in 1994 and completed a Program for Global Leadership from Harvard Business School, Boston, the United States of America in 2000. Ms Juliana Cheng started her career with the Lion Group in 1995 with stints in Singapore and Malaysia. During her tenure from 1995 to 2004, she held various positions in finance, human resource, administration and business development. In 2004, Ms Juliana Cheng was seconded to Parkson China as Cosmetics Manager and thus, began her career in the retail industry. She left Parkson China in May 2006 and joined Chanel (China) Co., Ltd. as the National Accounts Manager for business development in the PRC. In June 2010, she re-joined Parkson China as Regional Director overseeing its retail operations in the PRC. She is also a director of various subsidiaries of PRGL. During her more than 20 years with the Lion Group, Parkson China and Chanel (China) Co., Ltd., she has accumulated vast experience and knowledge of the retail and branding industry which enables her to contribute to the Group. Ms Juliana Cheng is the daughter of Y. Bhg. Tan Sri Cheng Heng Jem who is the Chairman and Managing Director, and a major shareholder of the Company.
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Not for Release, Publication Or Distribution in Whole Or in Part in Or Into the United States, Canada Or Japan
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, CANADA OR JAPAN. CAPITAMALLS MALAYSIA TRUST (“CMMT”) (I) PROPOSED ACQUISITION BY AMTRUSTEE BERHAD (“TRUSTEE”), ON BEHALF OF CMMT OF GURNEY PLAZA EXTENSION PROPERTY (AS DEFINED HEREIN) FOR A PURCHASE CONSIDERATION OF RM215,000,000 (“PROPOSED ACQUISITION”); (II) PROPOSED PLACEMENT OF NEW UNITS IN CMMT (“UNITS”) BY WAY OF BOOKBUILDING, AT A PRICE TO BE DETERMINED LATER, TO RAISE GROSS PROCEEDS OF UP TO RM167.1 MILLION (“PROPOSED PLACEMENT”), AND ACCEPTANCE OF CMMT INVESTMENT LIMITED’S UNDERTAKING TO SUBSCRIBE FOR SUCH NUMBER OF UNSUBSCRIBED NEW UNITS SUBSEQUENT TO THE CLOSE OF THE BOOKBUILD; (III) PROPOSED PLACEMENT OF NEW UNITS TO CMMT INVESTMENT LIMITED, AT A PRICE TO BE DETERMINED LATER, TO RAISE GROSS PROCEEDS OF UP TO RM69.7 MILLION, WHICH REPRESENTS 41.74% (BEING THE CURRENT UNITHOLDING OF CMMT INVESTMENT LIMITED IN CMMT) OF THE TOTAL GROSS PROCEEDS TO BE RAISED FROM THE PROPOSED PLACEMENT (“PROPOSED PLACEMENT TO CMMT INVESTMENT LIMITED”); (IV) PROPOSED AUTHORITY TO ALLOT AND ISSUE NEW UNITS OF UP TO 20% OF THE APPROVED FUND SIZE OF CMMT PURSUANT TO CLAUSE 14.03 OF THE SECURITIES COMMISSION’S GUIDELINES ON REAL ESTATE INVESTMENT TRUSTS (“REITS GUIDELINES”) (“PROPOSED AUTHORITY”); AND (V) PROPOSED INCREASE IN THE EXISTING APPROVED FUND SIZE OF CMMT FROM 1,350,000,000 UNITS UP TO A MAXIMUM OF 2,000,000,000 UNITS (“PROPOSED INCREASE IN FUND SIZE”) (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”) 1. INTRODUCTION On behalf of the Board of Directors of CapitaMalls Malaysia REIT Management Sdn.
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MR.DIY X Shopeepay RM4 Cashback 2021 Locate Your Nearest MR.DIY Stores Now NO. STORE NAME 1 1 Arena Tawau 2 1 Beaufort Commercia
MR.DIY x ShopeePay RM4 Cashback 2021 Locate Your Nearest MR.DIY Stores Now NO. STORE NAME 1 1 Arena Tawau 2 1 Beaufort Commercial Kk 3 1 Borneo Hypermall 4 1 Segamat 5 1 Shamelin Mall 6 1 Telipok Tuaran Sabah 7 1 Utama Bandar Utama 8 1st Avenue Mall 9 3 Damansara 10 88 Marketplace, Kota Kinabalu 11 9 Avenue Nilai 12 A Mart Kempas 13 Aeon Alpha Angle 14 Aeon Au2 15 Aeon Bandaraya Melaka 16 Aeon Big Bukit Minyak 17 Aeon Big Bukit Rimau 18 Aeon Big Kluang 19 Aeon Big Kluang - (2) 20 Aeon Big Puchong Utama 21 Aeon Big Seri Petaling 22 Aeon Big Subang Jaya 23 Aeon Big Tun Hussein Onn 24 Aeon Big Tun Hussein Onn 25 Aeon Big Wangsa Maju 2 26 Aeon Ipoh Station T18 27 Aeon Mall Klebang Ipoh 28 Aeon Mall Kota Bahru 29 Aeon Mall Kuching Central 30 Aeon Mall Shah Alam 31 Aeon Mall Taman Maluri Cheras 32 Aeon/Jusco Kulai Jaya 33 Aeon/Jusco Mall Bm 34 Aeonbig Ampang 35 Aeonbig Ipoh Phase 1 36 Aeonbig Ipoh, Phase 2 37 Aeonbig Kepong 38 Aeonbig Penang Prai 39 Aeroville Mall Kuching 40 Aiman Mall, Kota Samarahan Sarawa 41 Alamanda Putra Jaya 42 All Season Place 43 Amanjaya Mall,Sungai Petani 44 Amber Plaza,Jalan Jelawat Cheras 45 Amcorp Mall, Pj 46 Ampang Point Shopping 47 Aneka Jerai Plaza 48 Angsana Ipoh Mall 49 Atria Shopping Gallery 50 Aurora Place@ Bukit Jalil 51 Avenue K, Ampang 52 Axis 53 Ayer Tawar, Perak 54 Balakong 55 Balok Darat Kuantan 56 Balwin Business Center Tapah 57 Bandar Baru Ayer Hitam 58 Bandar Baru Betong 59 Bandar Baru Jerteh, Terengganu 60 Bandar Baru Kubang Kerian 61 Bandar Baru Permyjaya Emart Tudan 62 Bandar Bestari Jasin 63 Bandar Bukit Sentosa 64 Bandar Bukit Tinggi, Klang 65 Bandar Cheras Batu 11 66 Bandar Darulaman Jaya, Jitra 67 Bandar Indera Mahkota 68 Bandar Kok Lanas,Ketereh 69 Bandar Maran, Pahang 70 Bandar Pasir Puteh 71 Bandar Perdana Sandakan 72 Bandar Perlan.
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Malaysia Real Estate Highlights
A comprehensive analysis of Malaysia's residential, retail, office and industrial markets Real Estate Highlights knightfrank.com/research Research, 1st Half 2020 REAL ESTATE HIGHLIGHTS KUALA LUMPUR HIGH END CONDOMINIUM MARKET Market Indications Highlights The COVID-19 pandemic is driving the global economy into recession and many countries, including Malaysia, are responding with stimulus packages to avoid a cascade of bankruptcies and emerging market debt defaults. The country’s dependency on oil revenue The recovery path of the property will further strain the government’s fiscal position amid declining oil prices. market since 2019, which was supported by the extended Home The country’s economy expanded 4.3% in 2019 (2018: 4.7%), the lowest growth since the Ownership Campaign (HOC), has global financial crisis in 2009. It weakened further to record at 0.7% in 1Q2020 (4Q2019: been thrown off by the onset of the 3.6%), reflecting the early impact of measures taken both globally and domestically to COVID-19 pandemic in 1Q2020. contain the spread of the novel coronavirus. Malaysia's economic growth for 2020, as measured by gross domestic product (GDP), is projected at between -2.0% and 0.5%. 6-month automatic loan moratorium to provide a short-term breather to The period of low headline inflation, recorded at 0.7% in 2019 (2018: 1.0%), mainly reflects borrowers impacted by the pandemic. the lapse in the impact from the Sales and Services Tax (SST) implementation. It continued to remain modest at 0.9% in 1Q2020 (4Q2019: 1.0%) due to lower fuel costs. The country’s The Central Bank has also lowered average headline inflation for 2020 is expected to turn negative due to lower global fuel the Overnight Policy Rate (OPR) thrice prices coupled with weaker domestic growth prospects and labour market conditions.
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5465 434 Aeon Co
No. Counter name Region TELEPHONE Address 1 Address 2 1 AEON CO. (M) BHD. KINTA CITY Central 05 - 5465 434 AEON CO. (M) BHD. KINTA CITY AEON IPOH STORE & KINTA CITY SHOPPING CTR, NO. 2 JLN TEH LEAN SWEE OFF, JLN SULTAN AZLAN SHAH UTARA, 31400 Ipoh 2 PARKSON GRAND - IPOH Central 05 - 2410 650 PARKSON GRAND - IPOH G01,F01, IPOH PARADE, NO.1 5 JLN SULTAN ABDUL JALIL, GREEN TOWN, 30450 IPOH 3 PACIFIC HYPER & DEPT STORE-TAIPING MALL Central 05 - 8048 850 PACIFIC HYPER & DEPT STORE-TAIPING MALL LEVEL GF, JALAN TUPAI, 34000 TUPAI, 34000 TUPAI 4 PACIFIC HYPER & DEPT STORE-KB MALL East Coast 09 - 7419 686 PACIFIC HYPER & DEPT STORE-KB MALL LOT PT 101 & 102, JLN HAMZAH, SEKSYEN 16, 15050 KOTA BHARU 5 PACIFIC HYPER & DEPT STORE-MENTAKAB East Coast 09 - 2785 052 PACIFIC HYPER & DEPT STORE-MENTAKAB LORONG BENDERA BENDAHARA 1, MENTAKAB STAR CITY, 28400 MENTAKAB 6 PARKSON GRAND - EAST COAST MALL East Coast 09 - 5609 245 PARKSON GRAND - EAST COAST MALL GROUND LEVEL, LEVEL 1, LEVEL 2, ZON ONE, JLN PUTRA SQUARE 6, PUTRA SQUARE, 25200 KUANTAN 7 AEON CO. (M) BHD. BANDAR UTAMA Kuala Lumpur/ Selangor 03 - 7726 6393 AEON CO. (M) BHD. BANDAR UTAMA AEON BANDAR UTAMA STORE, Lot LG/G/F/S125, 1 UTAMA SHOPPING CENTRE, No. 1, LEBUH BANDAR UTAMA, 47800 PETALING JAYA 8 AEON CO. (M) BHD. METRO PRIMA KEPONG Kuala Lumpur/ Selangor 03 - 6252 6973 AEON CO. (M) BHD. METRO PRIMA AEON METRO PRIMA STORE & SHOPPING CTR, LOT 4 86 FASA 332,JLN KEPONG/ JLN METRO PRIMA, MUKIM BATU, 52100 KL 9 AEON CO.
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New Tenants for Parkson KLCC Space
Wednesday, 27 March 2019 New tenants for Parkson KLCC space KUALA LUMPUR: More than 50 new tenancies will take over the space previously occupied by the Parkson departmental store in Suria KLCC, a development which will boost income and yield for premier shopping destination Suria KLCC Sdn Bhd. Chief executive officer Andrew Brien said the new tenants comprise mainly those in food and beverage, cosmetics and fashion businesses. The asset enhancement exercise “will be around RM50mil, and would see a positive impact on its earnings due to higher net property income contributed by the new tenancies next year, said KLCC Property Holdings Bhd (KLCCP) group chief executive officer Datuk Hashim Wahir on the sidelines of the Invest Malaysia event last week. In a subsequent interview, Brien said: “Around the world, departmental stores are closing down. We need to provide variety. We are not doing it in response to the retail mall being planned in Tun Razak Exchange (TRX).” “Malaysia’s issue is not online shopping but too many retail malls. Online sales only account for 4% of retail sales,” said Brien. The redevelopment will provide new customer experience which would satisfy the ever-changing and challenging retail landscape in the city, said Brien. The three floors occupied by anchor Parkson totalled 12% or 124,435 sq ft of Suria KLCC’s net lettable area (NLA) but contributed about 3% to its total gross income. The breadth and depth of new tenants will help to pull up yield because anchor tenants enjoy a lower rental rate. According to Brien, the retail scene in the Klang Valley is, and will be even more challenging this year, which makes it all the more important for established malls to keep evolving.Phase one of the redevelopment, to comprise mainly food and beverage outlets, is estimated to be completed by the fourth quarter of this year.
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Kuala Lumpur / Selangor
updated as at: 13.03.2018 CODE ADDRESS TELEPHONE BUSINESS HOURS KUALA LUMPUR / SELANGOR COSWAY BERJAYA TIMES SQUARE SHOPPING FT888 03-21411636 Monday - Sunday & Public Holiday : 10.00am - 10.00pm MALL Cosway LG14 & LG15, 03-21451677 Experience Lower Ground Floor, Store Berjaya Times Square, Jalan Imbi, 55100 Kuala Lumpur C09C COSWAY KOTA WARISAN 03-87063680 Monday - Saturday : 9.00am - 9.00pm No 8 Jalan Warisan Megah ¼ Kota Warisan Closed : Sunday 43900 Sepang Selangor C12A COSWAY PERDANA COURT 03-5637 8081 Monday & Wednesday - Saturday : 8.00am - 8.00pm U3-00-04, Goodyear Court 8, USJ 14, Subang Jaya Sunday : 8.00am - 7.00pm 47630 Selangor Closed : Tuesday C031 COSWAY BANGSAR SOUTH 03-2242 1166 Monday - Friday : 10.00am - 9.00pm Unit UG-7 Vertical Podium Avenue 3 Saturday - Sunday & Public Holidays: 11.00am - 8.00pm No 1 Avenue 1 Bangsar South No 8 Jalan Kerinchi, Pantai Dalam 59200 Kuala Lumpur C033 COSWAY PANGSAPURI MELATI MERDEKA 03-42700026 Monday - Friday : 9.00am - 9.00pm Ground Floor 1A-00-03 Pangsapuri Melati Merdeka Saturday : 9.00am - 7.00pm Jalan Merdeka 68000 Ampang Closed : Sunday Selangor COSWAY AEON TAMAN EQUINE SHOPPING C39C 03-89381530 Monday - Sunday : 10.00am - 10.00pm CENTRE Lot G31 AEON Taman Equine Shopping Centre Ground Floor No 2 Jalan Equine, Taman Equine Bandar Putra Permai 43300 Seri Kembangan, Selangor C46B COSWAY TAMAN BERSATU 03-60914271 Monday : 9.00am - 7.00pm No 27, Jalan Bersatu 8, Tmn Bersatu, Tuesday - Saturday : 9.00am - 9.00pm 48000 Rawang, Selangor Closed : Sunday COSWAY AEON BIG SHOOPING CENTRE PEEL C48B 03-92008018 Monday - Sunday : 10.00am - 9.30pm ROAD No.
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Formation of Joint Venture
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. PARKSON RETAIL GROUP LIMITED 百盛商業集團有限公司 (Incorporated in the Cayman Islands with limited liability) (Stock code: 3368) MAJOR TRANSACTION: FORMATION OF JOINT VENTURE THE JOINT VENTURE COOPERATION AGREEMENT The Board is pleased to announce that on 15 October 2020, Shanghai Shengrui (an indirect wholly-owned subsidiary of the Company) and Hongxiang Real Estate entered into the Joint Venture Cooperation Agreement in respect of the formation of the Joint Venture. IMPLICATIONS UNDER THE LISTING RULES As one or more of the applicable percentage ratios (as defined in Rule 14.07 of the Listing Rules) in respect of the consideration under the Joint Venture Cooperation Agreement are more than 25% but all of such ratios are less than 100%, the entering into the Joint Venture Cooperation Agreement constitutes a major transaction of the Company under Chapter 14 of the Listing Rules and is therefore subject to the announcement, circular and shareholders’ approval requirements under Chapter 14 of the Listing Rules. 1 To the best of the knowledge of the Directors, no Shareholder or any of their respective associates has any material interest in the Joint Venture Cooperation Agreement and none of the Shareholders is required to abstain from voting in favour of the resolution to approve the entering into the Joint Venture Cooperation Agreement.
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