Parkson Retail renews Nanchang store lease through 2041, values deal at RMB 185 million

• Parkson Retail Group renewed a long-term lease for its Nanchang store property in Jiangxi province, extending the tenancy to Dec. 31, 2041 from an expiry date of Dec. 31, 2026.
• The group will recognize an IFRS 16 right-of-use asset valued at about RMB 185 million, based on the present value of rent payments.
• Annual rent is set at RMB 21.95 million for years 1-3, stepping up to RMB 25.19 million for years 13-15, payable quarterly in advance.
• The agreement includes a RMB 15 million deposit.
• Written shareholder approval covering 54.97% of issued shares was used in place of a general meeting.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Parkson Retail Group Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260910-12327112), on September 10, 2026, and is solely responsible for the information contained therein.