Parkson Retail : CHANGE IN DIRECTOR’S INFORMATION

Resignation of Director

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.

PARKSON RETAIL GROUP LIMITED

百盛商業集團有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 3368) CHANGE IN DIRECTOR'S INFORMATION

This announcement is made by Parkson Retail Group Limited (the "Company", together with its subsidiaries, the "Group") pursuant to Rule 13.51(B)(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

The Company announces that Harbin Parkson Retail Development Company Limited ("Harbin Company"), an indirect wholly-owned subsidiary of the Company established in the People's Republic of China in which Ms. Juliana Cheng San San, an executive director of the Company

was a director, was dissolved voluntarily on 1 June 2016 as notified by the Market Supervision and Administration of Daoli Harbin Bureau (哈爾濱市道里區市場監督管理局).

Harbin Company was incorporated to engage in the department store business in Harbin. The dissolution of Harbin Company was due to the strategic adjustment of the Group. The directors of the Company are of the view that the dissolution of Harbin Company will not have any material adverse impact on the operation and financial position of the Group.

Save as disclosed above, the Company has no other information on the above matter which needs to be brought to the attention of the shareholders of the Company.

By Order of the Board

PARKSON RETAIL GROUP LIMITED

Tan Sri Cheng Heng Jem

Executive Director & Chairman

Hong Kong, 22 June 2016

As at the date of this announcement, the Executive Directors of the Company are Tan Sri Cheng Heng Jem, Mr. Chong Sui Hiong and Ms. Juliana Cheng San San, the Non-executive Directors are Datuk Lee Kok Leong and Dato' Dr. Hou Kok Chung and the Independent Non-executive Directors are Dato' Fu Ah Kiow, Mr. Ko Tak Fai, Desmond and Mr. Yau Ming Kim, Robert.