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) 公告 持續關連交易 主協議 茲提述本公司日期為 2021 年 12 月 16 日的公告，該公告內容為廣東永旺（本公 司之附屬公司）與 AEON Mall BM 訂立的現有管理協議。 董事會謹此宣佈，於 2024 年 12 月 12 日，廣東永旺與 AEON Mall BM 訂立主協 議，以規管因廣東永旺租賃物業而產生之若干交易。 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。 於本公告日期，由於 AEON Mall BM 為本公司控股股東 AEON 公司之間接附屬 公司，故其為本公司之關連人士。因此，根據上市規則，主協議項下擬進行之 交易構成本公司之持續關連交易。 根據上市規則第 14.07 條所界定，有關年度上限之適用百分比率為 0.1%或以上 但少於 5%，因此，其項下之交易須遵守上市規則第 ...

AEON STORES (HONG KONG) CO., LIMITED 永旺（香港）百貨有限公司 (Incorporated in Hong Kong with limited liability) (於香港註冊成立之有限公司） (Stock code: 984) （股份代號：984） NOTIFICATION LETTER 通知信函 6 December 2024 Dear Registered Shareholder, AEON Stores (Hong Kong) Co., Limited (the "Company") Notice of Publication of Circular - Major transactions in relation to the PP, OP and HZ Supplemental Agreements (the "Current Corporate Communication") The English and Chinese versions of the Current Corporate Communication of the Company are n ...

此乃要件 請即處理 閣下如 對本通函任何方面或 閣下應採取之行動 有任何疑問，應諮詢 閣 下 之股票經紀或其他註冊證券交易商、銀行經理、律師、專業會計師或其他專 業顧問。 閣下如已售出或轉讓 名 下 永 旺（香 港）百 貨 有 限 公 司 之 所 有 股 份，應 立 即 將 本通函連同隨附之代表委任表格交予買主或承讓人或經手買賣或轉讓之銀 行、股票經紀或其他代理，以便轉交買主或承讓人。 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通函之內容概 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 就 因 本 通函全部或任何部份內容而產生或因倚賴該等內容而引致之任何損失承擔 任何責任。 有 關PP、OP及HZ補充協議的主要交易 本 封 面 頁 所 用 詞 彙 與 本 通 函「釋 義」一 節 所 界 定 者 具 相 同 涵 義。 董事會函件載於本通函第7至32頁。 根 據 上 市 規 則，作 為 本 通 函 主 體 事 項 之 交 易 已 透 過 股 東 書 面 批 准 之 方 式 獲 批准，而向股東寄發本通函乃僅供參考。 本通函中提及的時間和日期均為 ...

電話 : (852) 2980 1333 傳真 : (852) 2810 8185 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，並明確表示概不就因本公佈 全部或任何部份內容而產生或因倚賴該等內容而引致之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) (股份代號: 984) 更改股份過戶登記處 永旺（香港）百貨有限公司 (「本公司」) 董事會 (「董事會」) 宣佈自2025年1月 1日起, 本公司之股份過戶登記處將更改為: - 卓佳證券登記有限公司 香港夏慤道 16 號 遠東金融中心 17 樓 由 2025 年 1 月 1 日起, 有關本公司之股份過戶及登記手續將由卓佳證券登記有限公 司辦理。 於 2024 年 12 月 31 日下午四時三十分後仍未領取之股票, 可於 2025 年 1 月 2 日起從卓佳證券登記有限公司領取。 承董事會命 永旺(香港)百貨有限公司 公司秘書 陳鄺良 香港，2024年12月2日 於本公佈日期，執行董事為長島武 ...

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) (股份代號: 984) 延期寄發有關主要交易之通函 茲提述永旺(香港)百貨有限公司(「本公司」)日期為 2024 年 11 月 6 日之公告(「該公告」)， 內容為有關 PP 補充協議之主要交易。除另有界定者外，本公告所用詞彙與該公告所界定者具 有相同涵義。 誠如該公告所披露，載有(其中包括)有關 PP 補充協議及其項下擬進行的交易之進一步詳情之 通函(「通函」)，預期將於 2024 年 11 月 27 日或之前寄發予股東，以供參考。 由於本公司需要額外時間審定將載入通函之若干資料，故本公司預期該通函將於 2024 年 12 月 6 日或之前寄發。 承董事會命 永旺(香港)百貨有限公司 主席 後藤俊哉 香港，2024 年 11 月 26 日 於本公告日期，執行 ...

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。 (於香港註冊成立之有限公司) (股份代號: 984) 公告 有關 OP 及 HZ 補充協議的主要交易 董事會欣然宣佈，於 2024 年 11 月 26 日，AEON GD(作為承租人)及 OP 業主(作為業主)訂 立 OP 補充協議(實質為續訂協議)，以續租 OP 處所，租期自 2026 年 1 月 1 日起至 2035 年 3 月 31 日止。自 2002 年 9 月 30 日起，AEON GD 已向 OP 業主租用現有 OP 處所， 以在其中經營其零售業務。現有 OP 租賃協議於 2025 年 12 月 31 日屆滿。 董事會亦欣然宣佈，於 2024 年 11 月 26 日，本公司全資附屬公司 AEON SC(作為承租人)與 HZ 業主有條件訂立第一份 HZ 補充協議，以確認租賃面積較現有 HZ 租賃協議項下的租賃 面積減少，並有條件訂立第二份 HZ 補充協議，以在現有 HZ 處所以外租賃 HZ 處 ...

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) (股份代號: 984) 公告 有關租賃協議之須予披露交易 董事會欣然宣佈，於 2024 年 11 月 15 日，本公司（作為承租人）就續租該處所簽署 租賃協議，年期固定為三年，自 2024 年 11 月 16 日起至 2027 年 11 月 15 日止。本公 司自 2016 年 9 月 16 日起租用該物業，並在該處經營零售業務。 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，於租賃協議訂立後，本公司須確認該處所為使用 權資產。故此，根據上市規則，租賃協議項下擬進行的交易將被視為本公司收購資 產。本公司根據租賃協議所確認之使用權資產價值約為港幣 10.9 百萬元。 由於按租賃協議項下擬進行 ...

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。 公告 有關 PP 補充協議的主要交易 茲提述本公司日期為 2023 年 10 月 11 日之公告及日期為 2023 年 10 月 16 日之通函，內 容有關 AEON GD 與 PP 業主訂立要約函件，據此，AEON GD 向 PP 業主交回已交還 PP 部 分及續租現有 PP 處所。茲提述本公司於 2023 年 10 月 31 日刊發的公告，內容有關股東特 別大會的投票結果，即要約函件及據此擬進行的交易已獲全體出席股東一致批准。 董事會欣然宣佈，於 2024 年 11 月 6 日，AEON GD(作為承租人)及 PP 業主(作為業主)有條 件地簽署 PP 補充協議以租用 PP 處所(毗鄰現有 PP 處所)，自 2024 年 11 月 7 日起至 2039 年 10 月 31 日為止。自 2009 年 9 月 25 日起，AEON GD 已向 PP 業主租用 PP 處所及現 有 PP 處所，以在其中經營 ...

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) (股份代號: 984) 有關提前終止租賃協議 之須予披露交易 於 2024 年 10 月 31 日，本公司全資附屬公司永旺華南（作為承租人）向業主發出 有關房屋租賃的通知書以提前終止租賃協議的剩餘租期，自 2025 年 4 月 30 日起生 效。 根據香港財務報告準則第 16 號，於發出通知書後，本公司須於本公司綜合財務報 表內撤銷確認使用權資產。故此，根據上市規則，通知書項下擬進行的交易將被 視為本公司處置使用權資產。本公司根據通知書所撤銷確認之使用權資產價值約 為人民幣 8.6 百萬元。 由於按通知書項下擬進行的交易，本集團根據香港財務報告準則第 16 號所撤銷確 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%，通知 ...

[Financial Statements](index=3&type=section&id=Financial%20Statements) [Consolidated Statement of Profit or Loss](index=3&type=section&id=Consolidated%20Statement%20of%20Profit%20or%20Loss) For the six months ended June 30, 2024, the Group's revenue decreased by 10.4% year-on-year to HK$4.05 billion, primarily due to weak performance in Hong Kong and mainland China, while the loss for the period significantly expanded to HK$174 million from HK$76.55 million in the prior year, with loss per share increasing from 30.07 HK cents to 65.84 HK cents Key Data from Consolidated Statement of Profit or Loss | Metric | 2024 H1 (Unaudited) HK$ Thousand | 2023 H1 (Unaudited) HK$ Thousand | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Revenue | 4,052,133 | 4,521,844 | -10.4% | | Loss Before Tax | (173,440) | (75,520) | +129.7% | | Loss for the Period | (174,188) | (76,553) | +127.5% | | Loss Attributable to Owners of the Company | (171,176) | (78,194) | +119.0% | | Loss Per Share (Basic and Diluted) HK Cents | (65.84) | (30.07) | +118.9% | [Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=4&type=section&id=Consolidated%20Statement%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Income) Total comprehensive expenses for the period significantly increased to HK$182 million from HK$75.65 million in the prior year, primarily due to the expanded loss for the period and fair value losses on equity securities - Total comprehensive expenses for the period were **HK$182 million**, compared to **HK$75.65 million** in the prior year, primarily due to the expanded loss for the period and changes in the fair value of equity securities[5](index=5&type=chunk) [Consolidated Statement of Financial Position](index=5&type=section&id=Consolidated%20Statement%20of%20Financial%20Position) As of June 30, 2024, the Group's financial position showed net liabilities expanding to HK$267 million from HK$94.43 million at the end of 2023, with net current liabilities also increasing from HK$684 million to HK$1.025 billion, primarily due to increased lease liabilities Summary of Consolidated Statement of Financial Position | Metric | June 30, 2024 (Unaudited) HK$ Thousand | December 31, 2023 (Audited) HK$ Thousand | | :--- | :--- | :--- | | Non-current Assets | 3,779,755 | 3,213,060 | | Current Assets | 1,956,933 | 2,365,946 | | Current Liabilities | 2,981,644 | 3,049,656 | | Net Current Liabilities | (1,024,711) | (683,710) | | Non-current Liabilities | 3,022,535 | 2,623,777 | | Net Liabilities | (267,491) | (94,427) | [Consolidated Statement of Changes in Equity](index=7&type=section&id=Consolidated%20Statement%20of%20Changes%20in%20Equity) As of June 30, 2024, equity attributable to owners of the Company further decreased to -HK$368 million from -HK$198 million at the end of 2023, primarily due to a loss of HK$171 million for the period, with total equity (total deficit) also expanding from -HK$94 million to -HK$267 million - Equity attributable to owners of the Company decreased from **-HK$198 million** at the end of 2023 to **-HK$368 million**, primarily due to a loss of **HK$171 million** recorded for the period[10](index=10&type=chunk) [Condensed Consolidated Statement of Cash Flows](index=9&type=section&id=Condensed%20Consolidated%20Statement%20of%20Cash%20Flows) In the first half of 2024, net cash generated from operating activities significantly decreased to HK$276 million from HK$521 million in the prior year, with cash outflow from financing activities of HK$469 million primarily for lease liability repayments, and cash and cash equivalents at period-end decreasing to HK$612 million Summary of Cash Flow Statement | Metric | 2024 H1 (Unaudited) HK$ Thousand | 2023 H1 (Unaudited) HK$ Thousand | | :--- | :--- | :--- | | Net Cash Generated from Operating Activities | 276,058 | 520,970 | | Net Cash Used in Investing Activities | 17,043 | (185,344) | | Cash Used in Financing Activities | (469,373) | (520,574) | | Net Decrease in Cash and Cash Equivalents | (176,272) | (184,949) | | Cash and Cash Equivalents at End of Period | 611,541 | 952,160 | [Notes to the Financial Report](index=10&type=section&id=Notes%20to%20the%20Unaudited%20Interim%20Financial%20Report) [Basis of Preparation and Going Concern](index=10&type=section&id=1.%20Basis%20of%20Preparation) This interim financial report is prepared in accordance with HKAS 34, and despite net current liabilities of HK$1.025 billion as of June 30, 2024, the directors deem the going concern basis appropriate due to the financial support commitment from the ultimate holding company, AEON Co., Ltd - The Group's ability to continue as a going concern, with current liabilities exceeding current assets by **HK$1.025 billion** as of June 30, 2024, relies on the financial support from its ultimate holding company, AEON Co., Ltd[17](index=17&type=chunk) [Revenue and Segment Information](index=11&type=section&id=3.%20Revenue%20and%20Segment%20Information) The Group's total revenue by region showed declines in both Hong Kong and mainland China, with segment losses expanding to HK$144 million from HK$71.62 million in Hong Kong and to HK$36.97 million from HK$15.44 million in mainland China, reflecting challenges in both markets Revenue and Results by Geographical Segment | Region | Revenue (2024 H1) HK$ Thousand | Revenue (2023 H1) HK$ Thousand | Segment Loss (2024 H1) HK$ Thousand | Segment Loss (2023 H1) HK$ Thousand | | :--- | :--- | :--- | :--- | :--- | | Hong Kong | 1,897,425 | 2,102,228 | (144,259) | (71,620) | | Mainland China | 2,154,708 | 2,419,616 | (36,971) | (15,437) | | **Total** | **4,052,133** | **4,521,844** | **(181,230)** | **(87,057)** | [Dividends](index=14&type=section&id=9.%20Dividends) Given the Group's financial performance, the Board resolved not to declare an interim dividend for the six months ended June 30, 2024, compared to an interim dividend of 2.0 HK cents per share declared in the prior year - The Board resolved not to declare an interim dividend for 2024, whereas an interim dividend of **2.0 HK cents** per share was declared for the corresponding period in 2023[37](index=37&type=chunk) [Changes in Assets and Impairment Assessment](index=15&type=section&id=11.%20Changes%20in%20Property%2C%20Plant%20and%20Equipment%2C%20Right-of-Use%20Assets%20and%20Investment%20Properties) During the period, the Group recognized HK$787 million in additional right-of-use assets and HK$827 million in lease liabilities due to new and revised store lease agreements, and management concluded no impairment losses were required for property, plant and equipment or right-of-use assets after assessment - New right-of-use assets of **HK$787 million** and lease liabilities of **HK$827 million** were added during the period[40](index=40&type=chunk) - Following impairment assessments, no impairment losses were recognized for property, plant and equipment or right-of-use assets during the period[41](index=41&type=chunk) [Related Party Transactions](index=19&type=section&id=19.%20Related%20Party%20Transactions) During the interim period, the Group engaged in various related party transactions, primarily involving payments to fellow subsidiaries for commissions, trademark fees, and service fees, as well as patent expenditures to the ultimate holding company, all as part of the Group's ordinary course of business - Key related party transactions included payments to fellow subsidiaries of **HK$55.21 million** for service fees and **HK$12.23 million** for commissions, and patent expenditures of **HK$11.18 million** to the ultimate holding company[56](index=56&type=chunk) [Management Discussion and Analysis](index=21&type=section&id=Management%20Discussion%20and%20Analysis) [Business Review](index=21&type=section&id=Business%20Review) In the first half of 2024, the Group's profitability was unsatisfactory due to slow economic recovery and weak consumer confidence in Hong Kong and mainland China, impacted by high interest rates and geopolitical risks, prompting the Group to actively adjust its operating strategies to address market challenges - Facing macroeconomic uncertainties and declining consumer sentiment, the Group's operations in both Hong Kong and mainland China encountered challenges, resulting in unsatisfactory financial performance[63](index=63&type=chunk) [Hong Kong Operations](index=21&type=section&id=Hong%20Kong%20Operations) Hong Kong operations were severely impacted by cross-border travel and outbound tourism, leading to a weak local retail market, with revenue declining 9.74% year-on-year to HK$1.90 billion and losses expanding to HK$144 million, prompting the Group to respond by increasing private labels, promoting events, expanding F&B, and advancing e-commerce, with AEON App-related revenue nearly tripling Hong Kong Operations Performance | Metric | 2024 H1 HK$ Million | 2023 H1 HK$ Million | | :--- | :--- | :--- | | Revenue | 1,897.4 | 2,102.2 | | Loss | (144.3) | (71.6) | - Response strategies include increasing the proportion of private labels, expanding the range of imported goods, developing F&B businesses (e.g., KOMEDA'S Coffee), upgrading the Tsuen Wan store, and advancing e-commerce development[64](index=64&type=chunk)[65](index=65&type=chunk) [Mainland China Operations](index=21&type=section&id=Mainland%20China%20Operations) Mainland China operations saw revenue decline 10.95% year-on-year to HK$2.15 billion and losses expand to HK$36.9 million, impacted by a sluggish property market and weak consumption, prompting the Group to strengthen product differentiation, optimize store layouts, and sign new stores to capitalize on Greater Bay Area opportunities and cross-border consumption trends Mainland China Operations Performance | Metric | 2024 H1 HK$ Million | 2023 H1 HK$ Million | | :--- | :--- | :--- | | Revenue | 2,154.7 | 2,419.6 | | Loss | (36.9) | (15.4) | - Strategic priorities include increasing private label sales, optimizing store layouts (e.g., Guangzhou Sun City store renovation), and signing new stores (Guangzhou Tower Plaza store, Guangzhou Baixin store) to expand presence in the Greater Bay Area[67](index=67&type=chunk) [Outlook](index=22&type=section&id=Outlook) Looking ahead, the Group anticipates Hong Kong's retail sector to benefit from government-promoted 'mega event economy' despite short-term challenges, while mainland China's economy is expected to improve with government stimulus, and the Group will continue to adapt and expand through strategies like enhancing private labels, optimizing store networks, expanding F&B, and digital transformation [Hong Kong Operations Outlook](index=22&type=section&id=Hong%20Kong%20Operations%20Outlook) The Group plans to address Hong Kong's slow recovery with three key strategies: increasing private label sales for better gross margins, optimizing the store network to strengthen high-profit small specialty stores, and expanding its F&B business, while also continuing digital transformation to enhance customer experience and operational efficiency, with several new stores planned for the second half - Plans for the second half include opening one AEON STYLE, one Mono Mono, one KOMEDA'S Coffee, one JELYCO-do By KOMEDA, and several Daiso Japan stores[68](index=68&type=chunk) [Mainland China Operations Outlook](index=23&type=section&id=Mainland%20China%20Operations%20Outlook) For the mainland China market, the Group will actively seize cross-border opportunities by accelerating product reform, expanding differentiation, and increasing private label sales to enhance appeal and profitability, while also strictly controlling costs and streamlining internal processes, with plans to open two AEON supermarkets in the Greater Bay Area in the second half - Plans for the second half include completing one store upgrade and opening two new AEON supermarkets in the Greater Bay Area[69](index=69&type=chunk) [Group Outlook](index=23&type=section&id=Group%20Outlook) The Group anticipates total capital expenditure of approximately HK$95.7 million in the second half of 2024, primarily allocated to opening new stores, renovating existing stores, and upgrading information technology systems - Total capital expenditure for the second half is estimated to be approximately **HK$95.7 million**[70](index=70&type=chunk) [Financial Review](index=23&type=section&id=Financial%20Review) In the first half of 2024, the Group's revenue decreased by 10.4% year-on-year, with gross profit margin slightly declining to 28.4%, and loss attributable to owners of the Company expanding to HK$171 million due to lower revenue and increased expenses as a percentage of revenue, while adjusted EBITDA was a loss of HK$146 million, and the Group maintained a net cash position despite a decrease in cash levels Key Financial Metrics | Metric | 2024 H1 HK$ Million | 2023 H1 HK$ Million | | :--- | :--- | :--- | | Revenue | 4,052.1 | 4,521.8 | | Gross Profit Margin | 28.4% | 28.8% | | Loss Attributable to Owners | (171.1) | (78.2) | | Adjusted EBITDA | (145.8) | (55.2) | - The Group maintained a net cash position as of June 30, 2024, with cash and bank balances and short-term deposits totaling **HK$931 million**, a decrease from **HK$1.15 billion** at the end of 2023[73](index=73&type=chunk) [Other Disclosures](index=25&type=section&id=Other%20Disclosures) [Human Resources](index=25&type=section&id=Human%20Resources) As of June 30, 2024, the Group employed approximately 5,050 full-time and 3,920 part-time staff across Hong Kong and China, committed to providing education and career development opportunities to enhance service quality - As of June 30, 2024, the Group had approximately **5,050** full-time and **3,920** part-time employees[74](index=74&type=chunk) [Directors' and Major Shareholders' Interests](index=25&type=section&id=Directors%27%20and%20Major%20Shareholders%27%20Interests) The report discloses directors' shareholdings in the Company and its ultimate holding company, AEON Co., Ltd., with AEON Co., Ltd. holding 60.59% of the Company's shares as the controlling shareholder - Major shareholder AEON Co., Ltd. holds **157,536,000** shares, representing **60.59%** of the total issued shares of the Company[78](index=78&type=chunk) [Corporate Governance](index=26&type=section&id=Corporate%20Governance) The Company consistently complied with the Corporate Governance Code set out in Appendix C1 of the Listing Rules during the reporting period, and the Audit Committee has reviewed these interim results - The Company confirmed compliance with the Corporate Governance Code and the Model Code for Securities Transactions by Directors throughout the six months ended June 30, 2024[81](index=81&type=chunk)