AEON STORES (00984) subsidiary enters into lease agreement for Guangzhou property

AEON STORES (00984) announces that on October 27, 2026, AEON STORES Guangdong, a wholly-owned subsidiary of the Company (as lessee), entered into a lease agreement with the lessor (as lessor) for the lease of the premises, for an additional lease term commencing from September 3, 2029 to April 8, 2033 (both days inclusive). The premises have been leased by AEON STORES Guangdong since April 9, 2025 for operating its retail business. The announcement states that the premises are located at Shop No. B124A (self-numbered), Basement Level 1, Tianhe Link Plaza, Room B102, No. 36 Machang Road, Tianhe District, Guangzhou City, Guangdong Province, China. The principal business of the Group is the operation of retail business through chain stores under the store names "AEON STYLE", "AEON" and "AEON SUPERMARKET" in Hong Kong and China. Given the nature of its retail business, the Group is required to enter into lease agreements from time to time to lease retail stores. Each retail store, in particular large-scale stores similar to the premises, contributes to and maintains the operating scale of the Group, thereby helping the Group reduce overall operating costs, strengthening the Group's bargaining power with its business partners, and expanding its store network and market share.