LIFESTYLE CHINA GROUP LIMITED 利福中國集團有限公司 ( 於開曼群島註冊成立的有限公司 ) (股份代號: 2136) 通 知 信 函 各位登記股東： 利福中國集團有限公司（「本公司」） — 2024 年報、日期為 2025 年 4 月 30 日之通函及代表委任表格（「本次公司通訊」）之發佈通知 個人識別號碼:-（列印於背頁之英文版通知信函） 若 閣下選擇以印刷版收取公司通訊，請填妥回條並交回香港股份過戶處，或發送電郵至 lifestylechina.ecom@computershare.com.hk，並註明 閣下 的姓名、地址以及收取公司通訊印刷版的要求。請注意，收取公司通訊印刷版之指示將由收悉 閣下指示當日起計一年內有效，逾期失效。 倘 閣下對本函有任何疑問，請致電（852）2862 8688 向香港股份過戶處查詢，辦公時間為星期一至五（香港公眾假期除外）上午 9 時正至下午 6 時正（香港時間）。 — 本公司於 2025 年 5 月 26 日（星期一）舉行之股東週年大會（「股東週年大會」） 本公司之股東週年大會將於 2025 年 5 月 26 日（星期一）下午 4 時 30 分 ...

股東週年大會通告 茲通告利福中國集團有限公司（「本公司」）謹訂於二零二五年五月二十六日（星期 一）下午四時三十分以電子會議方式舉行股東週年大會，藉以審議下列議程： 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 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，概不對因本通告全部 或其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。 （於開曼群島註冊成立的有限公司） （股份代號：2136） – 1 – 1 . 省覽及考慮本公司截至二零二四年十二月三十一日止年度之經審核綜合財務 報表、董事會報告及獨立核數師報告。 2 . 重選董事並授權董事會釐定董事酬金如下： (a) 重選陳楚玲小姐為董事； (b) 重選劉今晨先生為董事； (c) 重選劉今蟾小姐為董事；及 (d) 授權董事會釐定董事酬金。 3 . 續聘羅兵咸永道會計師事務所為核數師，並授權董事會釐定其酬金。 「有關期間」指由本決議案獲通過當日至下列最早時限止之期間： – 2 – 4 . 考慮並酌情通過（不論經修訂與否）下列決議案為普通決議案： 4A .「 ...

此 乃 要 件 請 即 處 理 閣下如對本通函任何方面或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、專業會計師或其他獨立專業顧問。 閣下如已將名下之利福中國集團有限公司股份全部售出或轉讓，應立即將本通函連同隨附之 代表委任表格送交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商，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分內容而產生或因 倚賴該等內容而引致之任何損失承擔任何責任。 （於開曼群島註冊成立的有限公司） （股份代號：2136） 購回股份及發行股份之一般授權、 重選董事 及 股東週年大會通告 利福中國集團有限公司謹訂於二零二五年五月二十六日（星期一）下午四時三十分以電子會議 方式舉行股東週年大會，召開大會通告載於本通函附錄三。無論 閣下能否親身出席大會， 務請按照隨附之代表委任表格所印備之指示盡快填妥委任表格，並不遲於該大會或任何續會 指定舉行時間四十八小時前，交回本公司在香港之股份過戶登記處香港中央證券登記有限公 司，地址 ...

Financial Performance - For the year ended December 31, 2024, the Group reported revenue of RMB1,252.6 million, marking a 7.1% decrease compared to the prior year[19]. - The loss attributable to owners of the Company amounted to RMB20.1 million, compared to a profit of RMB87.8 million in 2023, resulting in a loss per share of RMB0.014[19]. - The Group's total sales proceeds decreased by 11.8% to RMB2,782.3 million from RMB3,154.1 million in the previous year, with a year-on-year decrease of 12.1% in the second half of 2024[36]. - Gross profit for the year decreased by 10.6% to RMB702.0 million, while the gross profit margin as a percentage of total sales proceeds increased to 25.2% from 24.9% in 2023[37]. - The Group's adjusted EBITDA for the year decreased by 17.5% to RMB358.1 million from RMB434.3 million in 2023, primarily due to a decline in sales and revenue[54]. - The Group's share of Beiren Group's net profit decreased by 25.4% to RMB138 million from RMB185.0 million in 2023[88]. - The Group's revenue for 2024 was RMB1,252.6 million, a decrease of 7.1% from RMB1,349.0 million in 2023, with total sales proceeds dropping 11.8% to RMB2,782.3 million[40]. Strategic Initiatives - The Group celebrated the 20th anniversary of Shanghai Jiuguang in September 2024, emphasizing its commitment to a "Customer-First" philosophy and innovative service offerings[17]. - The Group has optimized tenant portfolios and diversified product categories to adapt to market shifts and enhance online and offline integration[18]. - The Group aims to enhance operational efficiency and capitalize on government initiatives to boost consumption and expand domestic demand[22]. - The Group plans to expand its membership base and refine its loyalty program, introducing exclusive privileges for new members[23]. - The Group's strategy includes optimizing merchandise assortments and enhancing omnichannel integration to adapt to evolving consumer preferences[32]. - The Group will leverage high-traffic social media platforms to enhance customer engagement through live streaming and interactive content[24]. - The Group's strategies included promoting scenario-based consumption and advancing green and low-carbon development to meet evolving consumer needs[71]. Market Conditions - The retail growth rate of offline stores has moderated across the industry, influenced by heightened consumer caution and competitive pressures from e-commerce[18]. - The Shanghai Municipal Government's campaigns, such as the "New Year Celebration Shopping Festival," align with the Group's initiatives to stimulate consumer spending[31]. - The retail landscape is shifting towards rational consumption and service-oriented spending, prompting the Group to prioritize innovation and strategic agility in its offerings[104]. Sustainability and Environmental Initiatives - The Group is committed to advancing green, low-carbon development initiatives as part of its strategic focus[18]. - The Group's commitment to sustainability and green consumption practices is part of its strategy to meet changing consumer demands[32]. - The Group focuses on measuring and reporting carbon reduction results and promoting waste reduction at source[140]. - The Group aims to set sustainable and measurable environmental protection targets[139]. - The Group is implementing energy-saving measures, including the use of LED lighting to reduce power consumption in stores and offices[161]. - The Group has established emission reduction targets to help decrease greenhouse gas emissions, supporting global ecosystem sustainability[181]. Employee and Labor Relations - The Group employed a total of 1,078 full-time staff as of December 31, 2024, down from 1,172 as of December 31, 2023, reflecting a decrease in staff headcount and bonuses[45]. - The Group regularly reviews employee remuneration packages to ensure competitiveness, referencing industry standards and employee performance[187]. - The employee turnover rate for the Group in the financial year 2024 was 1.47%[196]. - The Group emphasizes enhancing employees' knowledge and skills in safety through training programs[200]. - The Group has a comprehensive performance appraisal management regime to attract and retain outstanding talents, ensuring transparency and fairness[186]. Financial Position - As of December 31, 2024, the Group's net debt decreased to approximately RMB196.8 million from RMB405.4 million as of December 31, 2023, due to increased operating cash and dividends received[55]. - Cash and cash equivalents, bank deposits, and structured bank deposits amounted to approximately RMB2,953.3 million, an increase from RMB2,823.6 million as of December 31, 2023[56]. - The debt-to-equity ratio slightly decreased from 34.9% to 34.5% due to a reduction in bank borrowings[61]. - The outstanding loan amount under the 15-year financing facility was RMB3,238 million as of December 31, 2024, down from RMB3,278 million in the previous year[64]. Customer Engagement and Experience - The Group focused on enhancing online member engagement and optimizing its online marketplace, which included facilitating click-and-collect services[72]. - The Shanghai Jiuguang Center (JGC) hosted various thematic campaigns in 2024 to elevate customer experiences and stimulate spending[73]. - Average daily footfall increased by 9.9% year-on-year to approximately 34,300 visitors, and the stay-and-buy ratio improved by 0.9 percentage points to 76.2%[81]. Challenges and Risks - The Group's independent legal opinion indicated a very low probability of recovering outstanding receivables, which have been deemed irrecoverable since the full provision for bad debts was established in 2019[100]. - The Group actively assesses climate-related risks, including extreme weather events, and has developed internal guidelines for safety and operational continuity[180]. - The Group's management will monitor foreign currency exposure and consider measures to mitigate significant potential foreign currency risks if necessary[63].

Financial Performance - Revenue decreased by 7.1% to RMB 1,252.6 million compared to the previous year[4] - The company reported a loss attributable to owners of RMB 20.1 million, down from a profit of RMB 87.8 million in the previous year[4] - Loss per share was RMB 0.014, compared to earnings per share of RMB 0.060 in the previous year[4] - Total comprehensive income for the year was RMB 119.1 million, down from RMB 275.6 million in the previous year[5] - Total revenue for the year 2024 was RMB 1,252,612, a decrease of 7.1% from RMB 1,348,975 in 2023[11] - The company reported a net loss attributable to shareholders of RMB 20,105 for 2024, compared to a profit of RMB 87,767 in 2023[18] - Total sales revenue dropped 11.8% from RMB 3,154.1 million in the previous year to RMB 2,782.3 million, primarily due to increased uncertainty in the domestic economic outlook and rising online penetration rates[30] - The company's attributable net loss for the year was approximately RMB 20.1 million, a significant decline from a profit of RMB 87.8 million in 2023, mainly due to sales slowdown and a 25.4% decrease in profit from the associated company, Beiren Group[32] Revenue Breakdown - Self-operated sales revenue was RMB 507,233, down from RMB 523,341, representing a decline of 3.1%[11] - Revenue from franchise sales decreased by 19.3% to RMB 388,685 from RMB 481,262[11] - Service revenue fell to RMB 35,545, down 14.3% from RMB 41,509[11] Expenses and Costs - Gross profit margin decreased, with gross profit at RMB 702.0 million compared to RMB 785.4 million last year[5] - Total employee costs for the year were RMB 238,417, slightly up from RMB 236,632 in the previous year[16] - The group's sales and distribution costs for 2024 were RMB 578.3 million, a decrease of 5.5% from RMB 612.1 million in the previous year, primarily due to a reduction in total sales and related expenses[33] - General administrative expenses decreased by 2.4% to RMB 255.0 million from RMB 261.3 million in 2023, mainly due to a reduction in maintenance costs[34] - Employee costs (excluding director remuneration) decreased by 1.7% to RMB 204.9 million from RMB 208.4 million in 2023, attributed to a reduction in employee numbers and bonuses[35] Assets and Liabilities - Non-current assets decreased to RMB 14,250.5 million from RMB 14,374.5 million in the previous year[6] - Current assets increased to RMB 2,743.5 million from RMB 2,662.4 million in the previous year[6] - Total liabilities decreased slightly to RMB 11,069.7 million from RMB 11,016.5 million in the previous year[7] Cash Flow and Financing - As of December 31, 2024, the group's net debt decreased to approximately RMB 196.8 million from about RMB 405.4 million, mainly due to increased operating cash flow and dividends received from associates[39] - The group's cash and cash equivalents, bank deposits, and structured bank deposits increased to approximately RMB 2,953.3 million from RMB 2,823.6 million in 2023, with a significant portion held in RMB[40] - Total financing costs increased to RMB 186,916, up 2.0% from RMB 181,938[15] Dividends - The board of directors did not declare any dividends for the year[4] - The company did not declare any dividends for the year 2024, consistent with 2023[17] - No dividend declared for the year ending December 31, 2024, consistent with 2023[67] Market and Consumer Trends - The retail sales of consumer goods in China reached RMB 43.2 trillion, reflecting a year-on-year growth of 3.2%, indicating challenges in the market[28] - The group plans to enhance its digital infrastructure and introduce unique products and promotions to attract younger consumers, maintaining competitiveness in the retail market[58] - The group aims to optimize its merchant and product mix to meet rising consumer demand for high-quality, personalized, and environmentally friendly products[60] - The group is committed to responding to green consumption trends and promoting environmental sustainability through its product offerings and consumer behavior initiatives[59] Strategic Initiatives - The company has implemented various measures to adapt to changing consumer demands, including optimizing product offerings and enhancing the shopping experience[28] - The group actively adjusted its market strategy to enhance online member interaction and drive traffic to offline stores, including live streaming on Douyin to expand sales opportunities[45] - The group is focused on integrating online and offline marketing strategies to boost brand exposure and drive foot traffic to physical stores[62] Operational Performance - The operating loss before tax for the year was RMB 61.8 million, compared to a profit of RMB 21.5 million in 2023[32] - The group's EBITDA for the year decreased by 17.5% to RMB 358.1 million from RMB 434.3 million in 2023, primarily due to a decline in sales and revenue[39] Employee Acknowledgment - Acknowledgment of employees' efforts and contributions despite challenging operating environment[72]

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 致之 任 何損 失 承擔 任何 責 任。 LIFESTYLE CHINA GROUP LIMITED 利福中國集團有限公司 (於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ) (股 份代 號：2136) 盈利警告 本 公 告 由 利 福 中 國 集 團 有 限 公 司 （ 「 本 公 司 」 ， 連 同 其 附 屬 公 司 統 稱 「 本 集 團 」 ） 根 據 香 港 聯 合 交 易 所 有 限 公 司 證 券 上 市 規 則 （ 「 上 市 規 則 」）第 13.09條 ， 以 及 證 券 及 期 貨 條 例（ 香 港 法 例 第571章 ）第 XIVA 部 之 內 幕 消 息 條 文 （ 定 義 見 上 市 規 則 ） 而 作 出 。 本 公 司 董 事 會 （ 「 董 ...

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 之 任 何 損 失 承 擔 任 何 責 任 。 LIFESTYLE CHINA GROUP LIMITED 利福中國集團有限公司 (於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ) (股 份代 號：2136) 董事會召開日期 利 福 中 國 集 團 有 限 公 司 （「 本 公 司 」） 董 事 會 （「 董 事 會 」） 宣 佈 ， 本 公 司 將 於 二 零 二 五 年 三 月 三 十 一 日 （ 星 期 一 ） 舉 行 董 事 會 會 議 ， 藉 以 （ 其 中 包 括 ） 批 准 刊 發 本 公 司 及 其 附 屬 公 司 截 至 二 零 二 四 年 十 二 月 三 十 一 日 止 年 度 之 全 年 業 績 及 考 慮 派 發 末 期 股 ...

FORTUNE SPIRIT GROUP LIMITED （於英屬維爾京群島註冊成立的有限公司） （於開曼群島註冊成立的有限公司） 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聯合公告之內容概不 負 責，對其準確性或完整性亦 不發表任何聲明，並明確表示，概不就因本聯合公 告 全 部 或 任 何 部 分 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。 本聯合公告僅供參考，並 不旨在亦 不構成任何收購、購 買或認購本公司、要約人 或任何其他實體的任何證券之要約或邀請，亦非在任何司法權區徵求任何投票或 批准。本聯合公告之全部或部分不得於任何將構成違反其有關法律或法規之司法 權區內作發佈、刊發或分發。 （股份代號：2136） 聯合公告 (1)要約人建議根據開曼公司法第86條 以協議安排方式 將本公司私有化； (2)建議撤銷本公司股份的上市地位； (3)法院會議及股東大會的結果； 及 (4)經修訂建議失效 要約人的財務顧問 獨立董事委員會的獨立財務顧問 – 1 – 法院會議及股東大會的結果 法院會議 於二零二五年二月二十日（星期四），批准計劃的決議案 ...

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聯合公告之內容概不 負 責，對其準確性或完整性亦 不發表任何聲明，並明確表示，概不就因本聯合公 告 全 部 或 任 何 部 分 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。 本聯合公告僅供參考，並 不旨在亦 不構成任何收購、購 買或認購本公司、要約人 或任何其他實體的任何證券之要約或邀請，亦非在任何司法權區徵求任何投票或 批准。本聯合公告之全部或部分不得於任何將構成違反其有關法律或法規之司法 權區內作發佈、刊發或分發。 FORTUNE SPIRIT GROUP LIMITED （於英屬維爾京群島註冊成立的有限公司） （於開曼群島註冊成立的有限公司） （股份代號：2136） 聯合公告 (1)要約人建議根據開曼公司法第86條 以協議安排方式 (2)建議撤銷本公司股份的上市地位； (3)寄發計劃文件； 及 (4)暫停辦理股份過戶登記手續 要約人的財務顧問 獨立董事委員會的獨立財務顧問 – 1 – 緒言 將本公司私有化； 茲提述( i ) Fortune Spirit Group Limited（「要約 ...

LIFESTYLE CHINA GROUP LIMITED 利福中國集團有限公司 (Incorporated in the Cayman Islands with limited liability) ( 於開曼群島註冊成立的有限公司 ) (Stock Code 股份代號: 2136) N OT IF IC ATI ON LET TE R 通 知 信 函 Dear non-registered holder(s)(Note 1) , 28 January 2025 Lifestyle China Group Limited (the "Company") Notice of Publication of Scheme Document (including Notice of Court Meeting and Notice of General Meeting) (the "Current Corporate Communication") The bilingual version (English and Chinese) of the Company's Current Corporate Commu ...