Core Viewpoint - 百盛集团 announced the termination of a lease agreement for a property in Guiyang, China, effective from March 29, 2024, due to the inability to commence renovation work, which is necessary for the lease to take effect [1] Group 1: Lease Termination Details - The lease termination agreement involves a sub-tenant and is set to take effect from November 30, 2025 [1] - The termination will require the company to derecognize the property as a right-of-use asset, amounting to approximately RMB 51.2 million [1] - The lease agreement was originally set to start from the date of property renovation, which has not commenced due to objective reasons [1] Group 2: Implications of the Termination - The board of directors believes that the inability to proceed with the renovation has hindered the sub-tenant from operating its department store at the property [1] - The relevant property is located at Longgang International Center, No. 117 Zhonghua Middle Road, Guiyang, Guizhou Province, China [1]

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的內容概不負責， 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。 PARKSON RETAIL GROUP LIMITED 百盛商業集團有限公 司 （於開曼群島註冊成立的有限公司） （股份代號：3368） 終止租賃協議 茲提述百盛商業集團有限公司（「本公司」，連同其附屬公司統稱「本集團」）日期為二 零二四年三月二十九日的公告（「該公告」），內容有關關於位於中國貴州省貴陽市的 物業的租賃協議。除文義另有所指外，本公告所用詞彙與該公告所界定者具有相同 涵義。 緒言 於二零二五年十月三十一日，分租客（本公司之間接非全資附屬公司）、租客A與租 客B就物業訂立租約終止協議（「租約終止協議」），以終止日期為二零二四年三月 二十九日的租賃協議，自二零二五年十一月三十日起生效。 根據國際財務報告準則第16號，以分租客身份訂立租約終止協議將要求本集團終止 確認物業為使用權資產，其金額約為人民幣51.2百萬元。故此，根據上市規則，訂立 租約終止協議及其項下擬進行的交易將被視作本集團出售資 ...

Core Viewpoint - The retail industry, particularly shopping malls, is facing a significant decline, with many well-known brands closing stores due to changing consumer preferences and market dynamics [1][5][23] Group 1: Store Closures - Beijing Baisheng, the first store of Baisheng Group in mainland China, will close by the end of the year, marking the end of an era [1] - A large number of stores are expected to close by mid-2025, including 227 stores from Yonghui, 88 from Jiumaojiu Group, and 4 from Bubugao, indicating a rapid increase in closure rates in the supermarket and restaurant sectors [3] - Major retailers like Walmart, Yonghui, and Starbucks have also been part of the store closure trend over the past two years, raising questions about the diminishing appeal of shopping malls [5] Group 2: Changing Consumer Behavior - Shopping malls, once central to consumer spending due to their ability to provide a one-stop shopping experience, are losing relevance due to the rise of instant retail, which offers quick delivery of fresh produce and daily necessities [7] - New shopping channels, such as specialty snack stores and discount brand stores, are expanding rapidly, further constraining the survival space of traditional malls [9] - Consumers are becoming more rational in their spending, focusing on value for money, which clashes with the traditional mall model that often lacks differentiation [9][11] Group 3: Operational Challenges - Many malls rely on a brand consignment model, limiting their control over products, inventory, and pricing, making it difficult to adapt to market changes [11] - Aging infrastructure in many malls, combined with high rental costs and maintenance expenses, is creating significant financial pressure as long-term leases expire [13][15] - Baisheng faces a penalty of 11.7 million yuan for closing its store, while Yonghui incurs losses of 827 million yuan from lease compensation and asset write-offs, forcing them to close underperforming stores to mitigate losses [15] Group 4: Opportunities for Transformation - Despite the challenges, there are opportunities for malls to transform, as exemplified by Nanjing's Deji Plaza, which has successfully integrated unique brands and experiential elements to attract diverse consumers [17][19] - The key to overcoming the current crisis lies in adopting an "experiential and differentiated" approach, moving beyond traditional retail models [19] - The current wave of store closures is seen as a necessary industry cleansing process, shifting focus from expansion to improving operational efficiency [21][23]

Core Viewpoint - Beijing Baisheng announced the closure of its Xihongmen store by December 31, 2025, as part of a strategic transformation aimed at adapting to market changes and optimizing store performance [1] Group 1: Company Strategy - Baisheng Group is undergoing a comprehensive strategic transformation to address the challenges faced by underperforming stores [1] - The company emphasizes the importance of market insight and flexibility in the retail industry, leading to ongoing upgrades and renovations of its stores [1] - Current renovations include personalized designs, innovative service elements, and the introduction of international brand flagship stores [1] Group 2: Industry Trends - The retail industry is experiencing a significant transformation from "commercial+" to "+commercial," with non-standard commercial formats becoming crucial for success [1] - Companies are required to integrate modern, intelligent, customized, and social elements within limited spaces to create immersive shopping experiences [1] - Looking ahead, Baisheng Group aims to focus on personalized and high-quality product offerings while developing landmark commercial projects tailored to local needs [1]

Core Viewpoint - Beijing Baisheng Group is undergoing a comprehensive strategic transformation, leading to the decision to close the Beijing Baisheng Fuxing store by December 31, 2025, due to ongoing losses and inability to balance complex demands [1][3]. Group 1: Store Closure Announcement - The Beijing Baisheng Fuxing store, which opened in 1994, has been a significant part of Baisheng Group's integration into the Chinese market, with the company now operating 43 diverse stores across 25 cities [2][3]. - A voluntary announcement was made regarding the termination of the lease agreement for the Fuxing store, which will officially end on January 1, 2026 [2][5]. Group 2: Financial Implications - The decision to close the Fuxing store is aimed at alleviating the financial burden on the group, as the store has been operating at a loss in recent years [5]. - The termination of the lease involves multiple properties, including parts of the China Arts and Crafts Museum, covering a total of 12 properties [5]. Group 3: Market Reaction - The announcement of the store's closure has elicited feelings of regret among many consumers in Beijing, reflecting the store's historical significance [5].

Core Viewpoint - Beijing Baisheng is set to close its first store in mainland China, the Baisheng Fuxing store, by December 31, 2025, as part of a strategic transformation aimed at addressing challenges in balancing development across its locations [2][6]. Company Overview - The Baisheng Fuxing store opened in 1994 and has been a beloved establishment for consumers over the past 30 years, marking a significant phase for Baisheng Group's integration into the Chinese market [6]. - Baisheng Group currently operates 43 diverse stores across 25 cities in China, showcasing its extensive market presence [6]. Strategic Transformation - Baisheng Group is undergoing a comprehensive strategic transformation, focusing on upgrading its stores and enhancing customer experience through personalized designs and innovative service elements [6]. - The company is also expanding its regional commercial layout by opening new projects such as city outlets and shopping centers, aligning with urban development strategies and specific market demands [6].

Core Viewpoint - Beijing Baisheng is closing its first store in mainland China, the Fuxing store, as part of a comprehensive strategic transformation aimed at adapting to market changes and consumer demands [3][6]. Group 1: Company Overview - Baisheng Group's Fuxing store opened in 1994 and has been a beloved destination for consumers for nearly 30 years, marking a significant phase of the company's integration into the Chinese market [6]. - The company has expanded to 43 diverse stores across 25 cities in China, showcasing its growth and adaptation in the retail sector [6]. Group 2: Strategic Transformation - The closure of the Fuxing store is a result of careful evaluation, as the store faced challenges in balancing development with market demands [3]. - Baisheng Group emphasizes the importance of market sensitivity and flexibility in the retail industry, leading to ongoing upgrades and renovations of existing stores [6]. - The company is also focusing on new projects such as city outlet malls and shopping centers to enhance its regional commercial layout [6].

Group 1 - The core point of the news is that Beijing Baisheng, the first store of Baisheng Group in mainland China, will close by December 31, 2025, as part of a strategic transformation due to challenges in achieving balanced development [1] - Baisheng Group has been operating the Beijing Baisheng store since its opening in 1994, marking a significant phase of deep integration into the Chinese market, with a current presence of 43 diverse stores across 25 cities [1] - The retail industry is undergoing a profound transformation from "business+" to "+business," with non-standard commercial models becoming key to breaking through challenges [2] Group 2 - Baisheng Group emphasizes the need for commercial enterprises to deeply integrate modern, intelligent, customized, and social elements within limited spaces to create more immersive shopping experiences [2] - The company plans to focus on personalized and high-quality product services, tailoring commercial projects to have landmark significance based on local conditions [2]

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 第 1 頁 共 10 頁 v 1.1.1 截至月份: 2025年9月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 百盛商業集團有限公司（於開曼群島註冊成立的有限公司） 呈交日期: 2025年10月6日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 03368 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 7,500,000,000 | HKD | | 0.02 HKD | | 150,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 7,500,000,000 | HKD | | 0.02 HKD ...

EF001 免責聲明 | 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的內容概不負責，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 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。 | | | --- | --- | | 股票發行人現金股息公告 | | | 發行人名稱 | 百盛商業集團有限公司 | | 股份代號 | 03368 | | 多櫃檯股份代號及貨幣 | 不適用 | | 相關股份代號及名稱 | 不適用 | | 公告標題 (修訂)截至2025年6月30日止6個月之中期股息 | | | 公告日期 | 2025年10月2日 | | 公告狀態 | 更新公告 | | 更新/撤回理由 | 更正匯率 | | 股息信息 | | | 股息類型 | 中期（半年期） | | 股息性質 | 普通股息 | | 財政年末 | 2025年12月31日 | | 宣派股息的報告期末 | 2025年6月30日 | | 宣派股息 | 每 股 0.02 RMB | | 股東批准日期 | 不適用 | | 香港過戶登記處相關信息 | | | 派息金額及公司預設派發貨幣 | 每 股 0.02187 ...