AEON STORES (00984) intends to invest up to approximately HK$170 million to acquire a total of 35% equity interest in AEON GD.

AEON STORES (00984) announced that on April 13, 2026 (after trading hours), the board of directors decided to bid through open tender to acquire a total of 35% of the shares of AEON GD held by Tianhe City Department Store, with a total price not exceeding approximately RMB 170 million. Upon completion of the proposed acquisition, the company will hold the entire equity of AEON GD. AEON GD is primarily engaged in retail store operations in China. The company believes that this is a good opportunity for the Group to further increase its stake in AEON GD. The company believes that increasing its stake in AEON GD will allow it to hold 100% of the shares of AEON GD, which will enable more effective integration and streamlining of the operation of AEON GD-controlled stores as well as other stores in China, thereby achieving better economies of scale.