China Duty Free: The estimated cost to acquire DFS Greater China region travel retail business-related equity and assets is $294 million.

China Duty Free Group Announcement: The company’s wholly-owned subsidiary, China Duty Free International Limited, has completed the payment of the transaction funds. The estimated cost of this acquisition is approximately $294 million. Due to the failure to meet the conditions specified in the Framework Agreement, after mutual consultation, all parties agree to exclude the DFS Hong Kong Guangdong Road (New Sun Plaza) store from this acquisition, and all parties have completed the delivery as agreed. The final cost of this acquisition will be subject to customary adjustments based on the final settlement accounts.

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