GOME Retail : REDEMPTION AND RENEWAL OF DOMESTIC CORPORATE BONDS

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GOME RETAIL HOLDINGS LIMITED ਷ߕཧਯછٰϞࠢʮ̡*

(Incorporated in Bermuda with limited liability)

(Stock Code: 493)

REDEMPTION AND RENEWAL OF DOMESTIC CORPORATE BONDS

Reference is made to the announcements of GOME Retail Holdings Limited (the "Company") dated 24 December 2018 and 28 February 2019 in relation to the issuance by GOME Appliance Company Limited (਷ߕཥኜϞࠢʮ̡) ("GOME Appliance"), a wholly owned subsidiary of the Company, of domestic corporate bonds with the aggregate principal amount of RMB500,000,000 (the "Second Tranche of the 2018 Domestic Bonds").

As at the date of this announcement, GOME Appliance has redeemed the outstanding Second Tranche of the 2018 Domestic Bonds with the aggregate principal amount of RMB483,789,000.

In addition, according to the wishes of the bond holders, GOME Appliance has completed the renewal of the Second Tranche of the 2018 Domestic Bonds with bond holders holding outstanding aggregate principal amount of RMB16,211,000, and the coupon rate will remain at 7.8% per annum with remaining term of 4 years. GOME Appliance will be entitled to adjust the coupon rate and the investors will be entitled to sell back the Second Tranche of the 2018 Domestic Bonds to GOME Appliance at the end of the second year.

The funds from the renewal of the Second Tranche of the 2018 Domestic Bonds will continue to be used for the promotion of the "Home • Living" strategy of the Group.

The Company is confident and looking forward to the development goal of "online and offline dual platforms" in its second phase of strategic transformation. The Group will continue to promote the digital transformation of local retail service platform centered on the "Home • Living" scheme, leveraging on its nationwide network and customer base as well as actively utilising the open dual platform and community marketing model to further promote the development of the community economy in China to generate better returns to the shareholders.

By Order of the Board GOME Retail Holdings Limited

Zhang Da Zhong

Chairman

Hong Kong, 1 March 2021

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