董事名單與其角色和職能 AEON STORES (HONG KONG) CO., LIMITED 永 旺 (香港 ) 百 貨 有 限 公 司 (於香港註冊成立之有限公司) (股份代號: 984) 永旺(香港)百貨有限公司 (「本公司」) 設立 3 個委員會。下表提供各董事會成員在本公 司董事會 (「董事會」) 及其委員會中所擔任的職位。 | 董事 | 董事會 | 提名 | 薪酬 | 審核 | | --- | --- | --- | --- | --- | | | | 委員會 | 委員會 | 委員會 | | 後藤俊哉 | 主席及 | 主席 | 成員 | 成員 | | | 非執行董事 | | | | | 長島武德 | 董事總經理 及 | | | | | | 執行董事 | | | | | 久永晋也 | 執行董事 | | | | | 猪原弘行 | 非執行董事 | | | | | 横地庸利 | 非執行董事 | | | | | 水野英人 | 獨立非執行董事 | 成員 | 成員 | 成員 | | 沈詠婷 | 獨立非執行董事 | 成員 | 主席 | 成員 | | 黃美玲 | 獨立非執行董事 | 成員 | 成員 | 主席 | ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公佈全 部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 AEON STORES (HONG KONG) CO., LIMITED 永 旺 (香 港 )百貨有限公司 (於香港註冊成立之有限公司) 茲提述本公司日期為 2025 年 5 月 29 日有關本公司的 2025 年股東週年大會（「股 東周年大會」） 投票表決結果的公告。所有有關 （其中包括）重選退任董事及選 舉黃美玲女士（「黃女士」）為董事之決議案已於股東周年大會上通過。 (股份代號: 984) 董事之退任 及 獨立非執行董事之任命 董事之退任 誠如永旺（香港）百貨有限公司（「本公司」）於 2025 年 3 月 28 日的公佈內披露， 藤田健二先生（「藤田先生」）及周志堂先生（「周先生」）已分別退任非執行董事 及獨立非執行董事，自本公司於 2025 年 5 月 29 日舉行之股東周年大會結束時起 生效。自 2025 年 5 月 29 日起，周先生亦不再擔任本公司審核委員會（「審核委員 會」）主席及成員， ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 AEON STORES (HONG KONG) CO., LIMITED 永旺（香港）百貨有限公司 (於香港註冊成立之有限公司) 永旺(香港)百貨有限公司(「本公司」)董事會(「董事會」)欣然公佈於 2025 年 5 月 29 日 舉行之本公司股東週年大會(「股東週年大會」)之表決結果如下： | | 股份數目(%) 決議案 | | | | | --- | --- | --- | --- | --- | | | | | 贊成 | 反對 | | 1. | | 省覽及考慮截至2024年12月31日止年度之經審核 | 186,450,424 | 47,000 | | | | 財務報表與董事會及獨立核數師之報告書。 | ( 99.97% ) | ( 0.03% ) | | | 由於超過50%票數贊成本決議案，故本決議案獲正式通過為普通決議案。 | | | | | 2. | (1) | 重選長島武德先生為董事。 | ...

Group 1 - The core event is the grand opening of Aeon at Hengbao Plaza, marking the first food supermarket in the Liwan District by Guangdong Aeon, and a significant milestone for the collaboration between K. Wah International Holdings and Aeon Group [1][3] - Aeon is recognized as a leading comprehensive retail and service enterprise group in Asia, with the new store in Liwan aiming to provide high-quality supermarket options for customers, bringing the total number of Guangdong Aeon stores to 36 [3] - Hengbao Plaza is one of the earliest properties invested by Hong Kong merchants in Guangzhou, strategically located above the Changshou Road subway station in the core of the "Daxiguan business district," serving as a cultural and commercial hub for tourists [5] Group 2 - Hengbao Plaza features a mix of traditional Cantonese cuisine and popular brands, including local favorites and trendy outlets, creating a vibrant experience that merges tradition with modernity [5] - The "Heng You Hui" membership platform is a key factor in Hengbao's popularity, offering tangible benefits and fostering strong community connections among consumers [7]

Core Viewpoint - Aeon is closing its Fengtai store in Beijing on May 16, marking a significant shift in its strategy and a complete withdrawal from the Beijing market after years of retail exploration [1][4][21] Summary by Sections Market Adjustment in North China - Aeon entered the Beijing market with ambitious plans, aiming to capture a share of the retail market through its General Merchandise Store (GMS) format, which offered a wide range of products [3] - The company faced increasing challenges, including high rental costs and rising labor expenses, which pressured its profit margins [3][4] - Local competitors like Yonghui and Wumart gained an advantage due to their understanding of the local market and flexible marketing strategies, intensifying competition [3] Store Closures and Strategic Shift - The closure of the Fengtai store is part of a broader trend of Aeon reducing its presence in Beijing, with customers now needing to travel to Tianjin or Yanjiao for shopping [4] - Aeon's focus has shifted to its remaining stores in Tianjin and Yanjiao, which are adapting to new market trends by transitioning towards smaller food supermarket formats [4][5] Focus on Community and Digitalization - Aeon is enhancing its community engagement by leveraging digital tools, such as the "Aeon Home Delivery" app, to provide convenient delivery services to local residents [5][14] - The company is shifting towards smaller food supermarkets that emphasize fresh produce and high-frequency consumer goods, which are more aligned with community needs [5][10] Expansion in Other Regions - Despite the retreat from Beijing, Aeon continues to expand in the Guangdong-Hong Kong-Macau Greater Bay Area, with plans to open five new stores by 2025, focusing on community-oriented food supermarkets [8] - In Central China, particularly in Wuhan and Changsha, Aeon is also expanding its presence, with plans to increase the number of stores significantly by 2030 [9] Operational Efficiency and Cost Management - Aeon is transitioning from a traditional large-scale retail model to a more efficient, community-focused approach to reduce operational costs and improve profitability [19][21] - The company aims to enhance its supply chain efficiency and digital capabilities to better meet consumer demands and streamline operations [19][21] Brand Development and Product Strategy - Aeon is developing its private label products under the "Tehuiyou" brand to improve market competitiveness and increase profit margins [15] - The company plans to increase the share of its private label sales to 30% within three years, enhancing its product offerings and reducing reliance on third-party brands [15]

Core Viewpoint - AEON is facing significant challenges in the Chinese retail market, leading to store closures and continuous losses over the past eight years, primarily due to increased competition from e-commerce and changing consumer preferences [2][3][4] Store Closures - AEON's Guangzhou Tianhe City store is set to close in June 2023, with ongoing discussions regarding the lease [1] - The company has been closing stores in various locations, including Shenzhen and Beijing, indicating a trend of contraction in its operations [2] Financial Performance - AEON has reported continuous losses since 2017, with a net loss of HKD 341 million in 2024, an increase of 81.4% year-on-year [7] - The company's revenue for 2024 was HKD 8.095 billion, down 6.9% from the previous year, highlighting declining sales amid rising operational costs [7] Market Challenges - The rise of e-commerce platforms like Tmall and JD.com has diverted foot traffic from traditional retail stores, contributing to AEON's struggles [3] - AEON's strategy of offering low-priced items has become less effective as competitors adopt similar tactics and consumer preferences shift towards quality and personalized shopping experiences [3][4] Supply Chain Issues - AEON's reliance on Japanese imports has led to inventory challenges, with 30% of its Japanese products having a sell-through rate of less than 15% [4] - The company's supply chain efficiency is lagging behind competitors, with a fresh produce turnover rate of 3.7 days compared to 1.2 days for Hema [4] Rental Cost Pressures - AEON's business model, which prioritizes prime locations, has resulted in high rental costs that are not matched by sales revenue, leading to store closures [6][7] - The company has been forced to close underperforming stores early to mitigate losses, indicating severe pressure from rising rents [7] Strategic Recommendations - Experts suggest that AEON and similar retailers need to refine their business models, focusing on niche markets and enhancing product quality and customer service to remain competitive [9][10] - AEON's recent store openings in lower-tier cities may provide new growth opportunities, as these locations avoid direct competition with major players like Costco and Sam's Club [10]

Core Viewpoint - The news highlights the potential closure of the AEON store in Guangzhou's Tianhe City, a significant commercial landmark, and the ongoing discussions regarding its lease renewal, indicating a broader trend of commercial transformation in Guangzhou's retail landscape [1][2][4]. Group 1: Company Developments - AEON's Tianhe City store lease is set to expire on June 30, 2025, and discussions for renewal are ongoing, with the possibility of a new operator, Yonghui, entering the market [2][3]. - Despite the rumors of AEON's withdrawal, customer traffic remains high, reflecting the store's long-standing presence and emotional connection with the community [2][3]. Group 2: Industry Trends - The retail landscape in Guangzhou is undergoing significant changes, with traditional supermarkets like AEON facing challenges from online shopping and evolving consumer preferences, leading to store closures and the emergence of new retail formats [4][5]. - Guangzhou's commercial infrastructure is set for a comprehensive upgrade by the end of 2025, with an expected increase of over 1 million square meters in commercial space, driven by projects like the renovation of Tianhe City [1][6]. - The city is implementing policies to stimulate high-quality development in commercial areas, aiming to create a balanced and functional network of shopping districts by 2035 [5][6].

Group 1 - AEON Guangzhou Tianhe City store will withdraw in June, causing concerns among local residents about shopping options [1] - Guangzhou Tower Square is planning to introduce AEON as a key store, aiming to establish the first SM+ AEON boutique supermarket in Haizhu [1] - Construction is ongoing at the basement level of Guangzhou Tower Square for the new AEON supermarket, which is expected to enhance shopping experiences for residents [1] Group 2 - AEON plans to open 8 new stores in Guangdong by 2025, with 5 stores set to open between April and June in Guangzhou, Foshan, and Shenzhen [2] - The new stores include the first in Guangzhou's Liwan District and Shenzhen's Longgang District, with the Guangzhou Hengbao Plaza store scheduled to open in late May 2025 [2] - By the end of June 2025, the total number of AEON stores in Guangdong is expected to reach 38, with an additional 3 stores planned for the second half of the year [2]

Core Viewpoint - AEON's first comprehensive department store in mainland China, located in Guangzhou Tianhe City, is set to close in June 2023 due to a renovation plan that will see Yonghui Supermarket replace it [2][12][20]. Company Overview - AEON Tianhe City store opened in July 1996 and has been operational for nearly 29 years [5][13]. - AEON currently operates 16 other stores in Guangzhou and has a total of 40 stores in Guangdong, including 21 comprehensive department stores and 19 supermarkets [21][23]. Market Dynamics - The closure is attributed to the mismatch between rental costs and revenue, as AEON's brand appeal and product competitiveness have declined over time [20]. - AEON's revenue from its mainland operations has been on a downward trend since 2018, with a reported revenue of HKD 4.339 billion in 2024, down 4.68% year-on-year, and an operating loss of HKD 65.856 million [23]. Competitive Landscape - Yonghui Supermarket will take over the space vacated by AEON, launching a new store format that focuses on optimizing product structure and enhancing the shopping environment [25][27]. - Yonghui's new store is expected to feature a product structure similar to that of its successful "Pang Dong Lai" format, with a significant increase in ready-to-eat products and a focus on customer service enhancements [25][26]. Future Plans - Despite the closure of the Tianhe City store, AEON plans to open eight new stores in Guangdong in 2023, indicating a strategy to expand its footprint despite challenges [21][23].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責， 對其準確性或完整 性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該等內容而 引致的任何損失承擔任何責任。 AEON STORES (HONG KONG) CO., LIMITED 永 旺 ( 香 港 )百 貨 有 限 公 司 有關租賃協議須待業主簽署。當業主簽署租賃協議後，租賃協議將對業主及本公司具有 法律約束力。 根據香港財務報告準則第 16 號，本公司訂立租賃協議將令本集團須確認該處所為使用 權資產。故此，根據上市規則，訂立租賃協議將被視為本集團收購資產。本集團根據租 賃協議所確認之使用權資產價值約為港幣 5.2 百萬元。 由於按租賃協議項下擬進行的交易，本集團根據香港財務報告準則第 16 號確認之使用 權資產的價值計算，其最高適用百分比率（定義見上市規則）為 5%或以上，但低於 25%，訂立租賃協議構成本公司一項須予披露交易，並須遵守上市規則第 14 章項下通知 及公告規定，惟獲豁免股東批准規定。 緒言 董事會欣然宣佈，於 2025 年 4 月 30 日，本公司（作為承租人）就續租該處所簽訂租賃協 ...