INSIDE INFORMATION: THE UNAUDITED KEY CONSOLIDATED FINANCIAL FIGURES FOR THE THREE MONTHS ENDED 31 MARCH 2018 OF GOLDEN EAGLE INTERNATIONAL RETAIL GROUP (CHINA) CO., LTD., A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY

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INSIDE INFORMATION

THE UNAUDITED KEY CONSOLIDATED FINANCIAL FIGURES

FOR THE THREE MONTHS ENDED 31 MARCH 2018 OF GOLDEN EAGLE INTERNATIONAL RETAIL GROUP (CHINA) CO., LTD.,

A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY

This announcement is made by Golden Eagle Retail Group Limited (the "Company") pursuant to Rule 13.09(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Inside Information Provisions (as defined under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong).

Reference is made to the announcement of the Company dated 21 September 2016 in relation to the issuance of the medium-term notes (the "Medium-Term Notes") by Golden Eagle International Retail Group (China) Co., Ltd. (金鷹國際商貿集團(中國)有限公司) ("Golden Eagle China"), a wholly-owned subsidiary of the Company in the People's Republic of China (the "PRC").

As Golden Eagle China issued the Medium-Term Notes in the PRC, it is required by the applicable laws and regulations of the PRC to disclose the unaudited consolidated financial information of Golden Eagle China for the three months ended 31 March 2018 (the "Unaudited Consolidated Financial Information"). The Unaudited Consolidated Financial Information is also required to be published on the websites of China Foreign Exchange Trade System(www.chinamoney.com.cn)and Shanghai Clearing House (www.shclearing.com) on or before 30 April 2018 (the "PRC Websites").

Set out below is a summary of the key consolidated financial figures of the Unaudited Consolidated Financial Information prepared in accordance with the PRC generally accepted accounting principles ("PRC GAAP"):

As at	As at
31 March 2018	31 December 2017
(unaudited)	(restated and
unaudited)
(RMB'000)	(RMB'000)
Total assets	20,116,869	21,147,766
Total liabilities	9,534,345	10,899,009
Total equity	10,582,524	10,248,757
For the three months	For the three months
ended 31 March 2018	ended 31 March 2017
(unaudited)	(restated and
unaudited)
(RMB'000)	(RMB'000)
Revenue	4,414,789	4,013,710
Net profit	432,138	333,924
Net profit attributable to owners of the	416,997	319,664
Company

The Unaudited Consolidated Financial Information as at 31 December 2017 and for the three months ended 31 March 2017 have been restated in order to include the results of an entity which was acquired under the Group's internal restructuring during the three months ended 31 March 2018.

Attention is hereby drawn to the shareholders and potential investors of the Company that the Unaudited Consolidated Financial Information published on the PRC Websites, and the summary of the key consolidated financial figures of the Unaudited Consolidated Financial Information disclosed in this announcement were prepared in accordance with the PRC GAAP, which may require adjustment(s) during the course of auditing. Furthermore, the Unaudited Consolidated Financial Information may be subject to adjustment(s) under the Hong Kong financial reporting standards. The Unaudited Consolidated Financial Information is published pursuant to the relevant PRC laws and regulations as reference for the investors of the Medium-Term Notes only.

In addition, the information to be published on the PRC Websites and disclosed in this announcement solely reflects the operation of Golden Eagle China and its subsidiaries, and does not reflect an overall results of operation and financial positions of the Company and its subsidiaries.

Shareholders of the Company and potential investors are advised to exercise caution when dealing in the shares and/or debt instruments of the Company.

By Order of the Board Golden Eagle Retail Group Limited

Wang Hung, Roger

Chairman

Hong Kong, 27 April 2018

As at the date of this announcement, the Board comprises 2 executive Directors, namely Mr. Wang Hung, Roger and Ms. Wang Janice S. Y. and 3 independent non-executive Directors, namely Mr. Wong Chi Keung, Mr. Lay Danny J and Mr. Wang Sung Yun, Eddie.