PARKSON GROUP (03368) entered into a lease agreement for the property located at Zijin Plaza, Mianyang City.

PARKSON GROUP (03368) announced that on September 28, 2026, the tenant (an indirect wholly-owned subsidiary of the Company) entered into a lease agreement with the landlord in respect of the leasing of the property located in Mianyang City, Sichuan Province, China. The property comprises the relevant areas and spaces on the basement level, ground to fourth floors, and mezzanine level of Zijin Plaza, Building 18, No. 89 Youxian Road, Youxian District, Mianyang City, with a total gross floor area of approximately 38,511 square meters, for a lease term of 20 years. The Group has been operating in Mianyang City for nearly 30 years and currently operates one shopping plaza, two department stores, and two supermarkets in the city, and has established strong brand awareness and customer loyalty in the district. The property is located in the city's core commercial district, adjacent to the Science City designated under the national strategic plan and key cultural tourism destinations, with convenient transportation, high population density, and a stable residential customer base. The Group plans to introduce an urban outlet business format at the property, leveraging the Group's existing brand advantages and extensive store network in Mianyang City to achieve strong strategic synergies. In addition, as the landlord is a state-owned enterprise, it has demonstrated a firm commitment to supporting the revitalization of the property. The Board believes that entering into the lease agreement will have a positive impact on the Group's future development.