Fosun International : PROGRESS UPDATE ON DISCLOSEABLE TRANSACTION IN RELATION TO A VOLUNTARY PUBLIC TAKEOVER OFFER OF THE COMPANY TO THE SHAREHOLDERS OF TOM TAILOR

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PROGRESS UPDATE ON

DISCLOSEABLE TRANSACTION

IN RELATION TO A VOLUNTARY PUBLIC TAKEOVER OFFER

OF THE COMPANY TO THE SHAREHOLDERS OF

TOM TAILOR

Reference is made to the announcements of Fosun International Limited (the "Company") dated 19 February 2019 and 22 February 2019 (the "Announcements") in relation to, among others, the subscription of Tom Tailor Shares and the Voluntary Public Takeover Offer of the Company to the Tom Tailor Shareholders. Capitalized terms used in this announcement shall have the same meanings as defined in the Announcements unless the context requires otherwise.

The Board announces that the Offer Document in relation to the Voluntary Public Takeover Offer has been approved by BaFin on 29 March 2019 (Frankfurt am Main local time) and published by the Company on 1 April 2019 (Frankfurt am Main local time). The details of the Voluntary Public Takeover Offer are as follows:

Bidder:	The Company
	Within the settlement of the Voluntary Public Takeover Offer, up
	to 12,703,438 Tendered Tom Tailor Shares, representing
	approximately 29.99% of Tom Tailor's issued share capital and
	voting rights, will be transferred by the Central Settlement Agent
	through a trustee directly to Yuyuan (or one of its direct or indirect
	subsidiaries) subject to satisfaction of the Transaction Conditions.
Target Company:	Tom Tailor
Subject of the	Acquisition of all Tom Tailor Shares, which are not already
Voluntary Public	directly held by the Company (including all ancillary rights
Takeover Offer:	associated therewith, in particular the right to dividends, existing
	at the time of the settlement of the Voluntary Public Takeover
	Offer).
	The Voluntary Public Takeover Offer is not subject to a minimum
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	acceptance threshold.
Consideration:	EUR 2.31 per Tom Tailor Share
Maximum	EUR 77,980,538.28, on the assumption that all 32,978,588 Tom
Consideration:	Tailor Shares which are not already directly held by the Company
	are tendered together with the relevant transaction costs.
Acceptance Period:	1 April 2019 to 6 June 2019, 24:00 (midnight) (Frankfurt am Main
	local time)
Additional Acceptance	The Additional Acceptance Period is expected to begin on 13 June
Period:	2019 and to expire on 26 June 2019, 24:00 (midnight) (Frankfurt
	am Main local time)
Settlement of the	The settlement of the Voluntary Public Takeover Offer for all
Voluntary Public	Tendered Tom Tailor Shares (regardless of whether the Voluntary
Takeover Offer:	Public Takeover Offer has been accepted within the Acceptance
	Period or the Additional Acceptance Period) will take place after
	the expiry of the Additional Acceptance Period and no later than
	on the twelfth (12th) Banking Day after expiry of the Additional
	Acceptance Period.

As the Voluntary Public Takeover Offer has not been completed, shareholders and potential investors of the Company are advised to exercise caution when dealing in the securities of the Company.

Further announcement will be made by the Company in respect of the Voluntary Public Takeover Offer as and when appropriate.

DEFINITIONS

In this announcement, unless the context otherwise requires, the following terms shall have the meanings as set out below:

"Acceptance Period"	The	period for acceptance of the	Voluntary Public
	Takeover Offer begins upon publication of the Offer
	Document on 1 April 2019 and expires on 6 June 2019,
	24:00 (midnight) (Frankfurt am Main local time, including
	any extension of such period in accordance with the Offer
	Document excluding, however, the Additional Acceptance
	Period)
"Additional Acceptance Period"	The	additional period for acceptance	of the Voluntary
	Public Takeover Offer for the Tom Tailor Shareholders
	who	have not accepted the Voluntary	Public Takeover

Offer within the Acceptance Period, which is two (2)

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	weeks after the publication of the results of the Voluntary
	Public Takeover Offer by the Company, presumably
	begins on 13 June 2019 and expires on 26 June 2019,
	24:00 (midnight) (Frankfurt am Main local time), subject
	to the extension of the Acceptance Period
"Banking Day"	Any day on which banks in Frankfurt am Main, Germany,
	are open for general business
"Central Settlement Agent"	COMMERZBANK Aktiengesellschaft, Kaiserstrasse 16,
	60311 Frankfurt am Main, Germany
"Consideration"	EUR 2.31 per Tom Tailor Share which is the higher of the
	following prices: (i) EUR2.26, equivalent to the price of
	the Subscription and (ii) the weighted average domestic
	stock market price of Tom Tailor during the last three
	months prior to the publication of the Company's decision
	to launch the Voluntary Public Takeover Offer which
	amounts to EUR 2.31 and has been provided by BaFin to
	the Company on 26 February 2019 (Frankfurt am Main
	local time)
"Custodian Bank(s)"	The custodian securities services company(ies) which
	holds custody of Tom Tailor Shares for the Tom Tailor
	Shareholders in Germany, the European Union, the
	European Economic Area or the United States of America
"Tendered Tom Tailor Shares"	The Tom Tailor Shares re-booked by the respective
	Custodian Banks of the Tom Tailor Shareholders in their
	securities account for which the Tom Tailor Shareholders
	agree to accept the Voluntary Public Takeover Offer
"Tom Tailor Shareholder(s)"	All shareholders of Tom Tailor who are eligible to tender
	their Tom Tailor Shares pursuant to the Voluntary Public
	Takeover Offer, i.e. all shareholders of Tom Tailor except
	for the Company
"Transaction Agreement"	A transaction agreement entered into between the
	Company and Yuyuan on 20 March 2019, pursuant to
	which, the Company undertook to conduct the Voluntary
	Public Takeover Offer, to take all measures reasonably
	required for the preparation and execution of the Voluntary
	Public Takeover Offer, and to instruct the Central
	Settlement Agent to transfer up to 12,703,438 Tendered
	Tom Tailor Shares, representing approximately 29.99% of
	Tom Tailor's total issued share capital and voting rights,
	through a trustee directly to Yuyuan (or one of its direct or
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	indirect subsidiaries) subject to satisfaction of the
	Transaction Conditions
"Transaction Conditions"	The conditions precedent under the Transaction
	Agreement that Yuyuan has to obtain all regulatory
	approvals, if any, required for its participation in the
	Voluntary Public Takeover Offer and to obtain record
	notification of outward investment from Shanghai Pudong
	New Area Development and Reform Committee and
	outward investment certificate from Shanghai Pudong
	New Area Municipal Committee of Commerce
"Yuyuan"	Shanghai Yuyuan Tourist Mart Co., Ltd, a company
	established in the People's Republic of China, the shares
	of which are listed on the Shanghai Stock Exchange with
	stock code 600655

By Order of the Board

Fosun International Limited

Guo Guangchang

Chairman

1 April 2019

As at the date of this announcement, the executive directors of the Company are Mr. Guo Guangchang, Mr. Wang Qunbin, Mr. Chen Qiyu, Mr. Xu Xiaoliang, Mr. Qin Xuetang, Mr. Wang Can and Mr. Gong Ping; and the independent non-executive directors are Mr. Zhang Shengman, Mr. Zhang Huaqiao, Mr. David T. Zhang, Mr. Yang Chao and Dr. Lee Kai-Fu.

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