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.

ANNOUNCEMENT

GRANT OF WAIVER FROM STRICT COMPLIANCE WITH THE PUBLIC FLOAT REQUIREMENT

Reference is made to the announcement of New World Department Store China Limited (the ''Company'') dated 29 August 2017 in relation to the public float of the Company (the ''Announcement''). Unless otherwise stated, capitalised terms used herein shall have the same meanings as defined in the Announcement.

As disclosed in the Announcement, the minimum public float requirement of 25.0% under Rule 8.08(1)(a) of the Listing Rules was not satisfied upon the lapse of the Offer. An application was made by the Company to the Stock Exchange for a temporary waiver from strict compliance with Rule 8.08(1)(a) of the Listing Rules (the ''Waiver''). On 7 September 2017, the Stock Exchange granted the Waiver to the Company for a period of two months from 28 August 2017 to 27 October 2017. Further announcement(s) will be made by the Company regarding the restoration of public float as and when appropriate pursuant to the Listing Rules.

By order of the board of

New World Department Store China Limited (新世界百貨中國有限公司)

Wu Yuk-Kwai, Catherine

Company Secretary

Hong Kong, 8 September 2017

As at the date of this announcement, the board of directors of the Company comprises (a) two executive directors, namely Dr. Cheng Chi-Kong, Adrian and Mr. Cheung Fai-Yet, Philip; (b) three non-executive directors namely, Dr. Cheng Kar-Shun, Henry, Mr. Au Tak-Cheong and Ms. Ngan Man-Ying, Lynda; and (c) four independent non-executive directors, namely Mr. Cheong Ying-Chew, Henry, Mr. Chan Yiu-Tong, Ivan, Mr. Tong Hang-Chan, Peter and Mr. Yu Chun- Fai.

New World Department Store China Limited published this content on 08 September 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 08 September 2017 07:22:04 UTC.

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