Group 1 - The core point of the news is the termination of the long-term partnership between Baisheng Commercial and China Arts and Crafts Group, indicating a shift in commercial relationships and urban renewal processes towards a "cultural +" driven model [1][3][8] - Baisheng Commercial will terminate leasing contracts for multiple floors and areas with China Arts and Crafts Group, covering a total area of approximately 17,240 square meters, with the termination date set for January 1, 2026 [3][7] - Baisheng Commercial is required to pay a penalty of 11.7012 million yuan to China Arts and Crafts Group, with additional daily penalties for late payment [3][7] Group 2 - The performance of Baisheng Group has been declining, with net profits dropping significantly from 250 million yuan in 2020 to 175 million yuan in 2024, except for a slight increase in 2023 [7] - The exit of Baisheng from the market reflects a broader trend of traditional department stores struggling to adapt to new retail models and consumer preferences, leading to their decline [8][10] - The transformation of old department stores in Beijing is part of a larger urban renewal trend, with a focus on integrating cultural elements and modern leisure culture into commercial spaces [11][12] Group 3 - The upcoming renovation of the China Arts and Crafts Group building, set to start in 2026, aims to redefine its commercial value through cultural innovation and asset restructuring [9][13] - The urban renewal process is evolving into a "cultural operation +" model, emphasizing the monetization of cultural IP and the integration of culture with commerce [12][13] - The future of department stores is shifting from traditional sales models to experience-oriented spaces that offer unique consumer experiences and cultural engagement [10][13]

Group 1 - The core point of the article is that Baisheng Group (03368) has entered into a cooperation agreement for a 20-year commercial lease in Mianyang, Sichuan Province, which aligns with the company's strategic development plans in the region [1] - The leased property is located in the Mianyang Science and Technology City New District and is part of the Mianyang Gongcheng Talent Apartment Project [1] - The board believes that this lease will be a key driver for the company's business expansion in Mianyang, given the property's strategic location and the growing economic potential of the area [1] Group 2 - Baisheng Group primarily operates and manages department stores, shopping malls, outlet centers, and supermarket networks in China [1] - The property is situated in a vibrant commercial area, which is expected to enhance the company's long-term development prospects in Sichuan Province [1]

物业：中国四川省绵阳市绵阳科技城新区上马功成人才公寓项目第五层物业。 格隆汇8月20日丨百盛集团(03368.HK)公告，于2025年8月20日，租客（公司的间接全资附属公司）与业 主订立合作协议，据此，订约方已同意就物业租赁的条款，包括将物业用作为期20年的商业运营。 ...

Core Insights - The partnership between Baisheng Commercial and China Arts and Crafts Group has officially ended, with Baisheng terminating multiple lease contracts ahead of schedule [1][4] - Baisheng Commercial will pay a penalty of 11.7012 million yuan for the early termination of the lease, which involves approximately 17,240 square meters of property [4] - The termination of the lease is part of a broader trend of urban renewal in Beijing, focusing on "cultural+" as a core driver for development [1][12] Company Summary - Baisheng Commercial has faced declining performance, with net profits dropping from 250 million yuan in 2020 to 175 million yuan in 2024, with only a slight increase in 2023 [10] - The decision to terminate the lease may be a strategic move to reduce operational costs and optimize asset allocation amid ongoing financial pressures [10] - The closure of Baisheng's store in Beijing's Fuxingmen area is set for the end of this year, reflecting the company's struggle to adapt to changing retail dynamics [4][6] Industry Summary - The traditional department store model is undergoing significant transformation, with new retail formats and consumer experiences emerging to attract younger shoppers [11][13] - The shift from a product-centric to an experience-centric retail approach is essential for survival in the current market [13] - Urban renewal in Beijing is entering a "4.0 version," emphasizing cultural asset integration and the creation of multifunctional spaces that enhance both economic and social benefits [15][16]

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） 須予披露交易： 有關位於中國四川省綿陽市的物業租賃 合作協議 合作協議的主要條款概要及其他相關資料載列如下。 於二零二五年八月二十日，租客（本公司的間接全資附屬公司）與業主訂立 合作協議，據此，訂約方已同意就物業租賃（「租賃」）之條款，包括將物業用 作為期20年的商業運營。 上市規則的涵義 根據國際財務報告準則第16號，合作協議項下的租賃需要本集團確認物業 為使用權資產。故此，根據上市規則，訂立合作協議及其項下擬進行的交易 將被視為本集團收購資產。按照合作協議項下收購使用權資產的基準計算， 本集團根據國際財務報告準則第16號確認的金額約為人民幣14.3百萬元。 1 由於上市規則第14.07條項下本集團根據國際財務報告準則第16號就收購使 用權資產確認的代價的最高適 ...

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） 自願性公告 訂立租賃終止協議 本公告乃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」）自願刊 發，旨在知會本公司股東及有意投資者有關本集團之最新業務發展。 相關物業 ： (1) 中國工藝美術館（「美術館」）地上一層、二層、三 層、四層、六層，及美術館序廳一層、二層、三層， 以及地下室D1-002庫房及D1-007庫房總使用面積 17,240平方米的房屋； (2) 美術館地上七層整層使用面積2,519.23平方米的 房屋； 茲提述本公司日期為二零一九年四月三日、二零一九年六月六日的公告及本公司日 期為二零一九年六月二十五日的通函，內容有關（其中包括）租賃位於中華人民共和 國（「中國」）北京之部分該等物業（定義見下文）。 租賃終止協議 於二零二五年八月七 ...

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 截至月份: 2025年7月31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8月4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 | | 150,000,000 | 本月底法 ...

Core Viewpoint - The company has successfully won a leasing bid for a property in Mianyang, Sichuan, which aligns with its strategic development plans in the region and is expected to drive long-term growth [1] Group 1: Leasing Agreement - The company’s subsidiary, Mianyang Shangma Baisheng Plaza Commercial Management Co., Ltd., won the lease for the fifth floor of the talent apartment project in Mianyang Science and Technology City at an annual bid price of approximately RMB 1.44 million [1] - The property is located in a strategic area of Mianyang, which has developed into a vibrant business district with increasing economic potential [1] Group 2: Strategic Importance - The board believes that the leasing agreement will significantly contribute to the company's expansion efforts in Mianyang, Sichuan [1] - The location of the property is considered prime, and the board is confident that this move will benefit the company and its shareholders in the long run [1]

Core Viewpoint - 百盛集团's subsidiary successfully won a leasing bid for a property in Mianyang, Sichuan, China, indicating the company's ongoing expansion and investment in commercial real estate [1] Group 1 - 百盛集团's indirect wholly-owned subsidiary, Mianyang Shangma Baisheng Plaza Commercial Management Co., Ltd., won the leasing bid at an annual price of approximately RMB 1.44 million [1] - The property is located on the fifth floor of the talent apartment project in Mianyang Science and Technology City New District [1] - The owner of the property is Mianyang Xintou Industrial Co., Ltd. [1]

Core Viewpoint - Baisheng Group (03368) announced that its indirect wholly-owned subsidiary, Mianyang Shangma Baisheng Square Commercial Management Co., Ltd., successfully won the leasing bid for the fifth-floor property of the Shangma Talent Apartment project in Mianyang Science and Technology City, Sichuan Province, China, at an annual bid price of approximately RMB 1.44 million [1] Summary by Category - **Company Announcement** - Baisheng Group's subsidiary won the leasing bid for a property in Mianyang [1] - The annual bid price is approximately RMB 1.44 million [1] - **Project Details** - The property is located in Mianyang Science and Technology City, Sichuan Province, China [1] - The project is identified as the Shangma Talent Apartment [1]