GOME Retail : VOLUNTARY ANNOUNCEMENT REPURCHASE OF 5.0% US$ BONDS DUE 2020

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GOME RETAIL HOLDINGS LIMITED

國 美 零 售 控 股 有 限 公 司 *

(Incorporated in Bermuda with limited liability)

(Stock Code: 493)

VOLUNTARY ANNOUNCEMENT

REPURCHASE OF 5.0% US$ BONDS DUE 2020

Reference is made to the announcements (the "Announcements") of GOME Retail Holdings Limited dated 6 March 2017, 20 June 2017 and 18 December 2018 in relation to the issue and the repurchase of the 5.0% US$ bonds due 2020 (the "Bonds"). The Bonds are listed on Singapore Exchange Securities Trading Limited. Unless the context otherwise requires, capitalised terms used in this announcement shall have the same meanings as used in the Announcements.

As at the date of this announcement, the outstanding principal amount of the Bonds is US$496,000,000. During September and October 2019, the Company made on-market repurchases of the Bonds in the aggregate principal amount of US$20,000,000. The Bonds repurchased will be cancelled. Upon completion of the cancellation, the outstanding principal amount of the Bonds will be US$476,000,000.

The Group maintained good liquidity after repurchasing the Bonds and will continue to promote its "Home • Living" strategy for transformation, bringing better returns to its shareholders.

The Company may make further repurchase of the Bonds depending on market conditions.

Shareholders and investors should note that whether or not to repurchase the Bonds will be subject to market conditions and will be further subject to the Board's absolute discretion. There is no assurance of the timing, quantity or price of any repurchase or whether the Company will make any further repurchase at all. Shareholders and investors are reminded to exercise caution when dealing in the securities of the Company.

By order of the Board

GOME Retail Holdings Limited

Zhang Da Zhong

Chairman

Hong Kong, 17 October 2019

As at the date of this announcement, the Board comprises Mr. Zou Xiao Chun as executive director, Mr. Zhang Da Zhong, Ms. Huang Xiu Hong and Mr. Yu Sing Wong as non-executive directors, and Mr. Lee Kong Wai, Conway, Ms. Liu Hong Yu and Mr. Wang Gao as independent non-executive directors.

• For identification purpose only.