Golden Eagle Retail : CHANGE OF NAME AND ADDRESS OF SHARE REGISTRAR AND TRANSFER OFFICE IN THE CAYMAN ISLANDS

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

CHANGE OF NAME AND ADDRESS OF SHARE REGISTRAR AND

TRANSFER OFFICE IN THE CAYMAN ISLANDS

The board of directors (the "Board") of Golden Eagle Retail Group Limited (the "Company") hereby announces that with effect from 4 September 2020, the name and address of the Company's share registrar and transfer office in the Cayman Islands has been changed to:

Suntera (Cayman) Limited 3rd Floor, Royal Bank House 24 Shedden Road, George Town Grand Cayman, KY1-1110 Cayman Islands

By Order of the Board

Golden Eagle Retail Group Limited

Wang Hung, Roger

Chairman

Hong Kong, 11 September 2020

As at the date of this announcement, the Board comprises three executive Directors, namely Mr. Wang Hung, Roger, Ms. Wang Janice S. Y. and Mr. Hans Hendrik Marie Diederen and three independent non- executive Directors, namely Mr. Wong Chi Keung, Mr. Lay Danny J and Mr. Lo Ching Yan.