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Parkson Retail Group Limited(the “Company”)is a leading nationwide lifestyle retail operator in the People’s Republic of China(“the PRC”). The Parkson brand was introduced to the Beijing market in the 1990’s and has now operated and managed a diversified collection of retail formats – including department stores, shopping malls, city outlets, supermarkets and food & beverage outlets. As of December 31, 2019, through the Company’s subsidiaries, a joint venture and associates(hereinafter collectively refer to as the “Group”), the Group operated and managed 38 stores(including “Parkson Beauty” concept stores), 2 Parkson Newcore City Malls, 1 shopping mall, supermarkets, fashion and food & beverage in over 27 major cities across China.

With over 26 years of retailing experience in China, Parkson is a renowned foreign brand with strong brand recognition to Chinese consumers. Parkson enjoys a wide national presence and a strong base, also develops well-established relationships with various distinguished international and domestic brands, enabling Parkson to catch the market development trend and consumer behavior patterns.

With the constant development and change of retail industry, parkson is ready for the future growth which continues to redefine its merchandise and brand strategy, strengthens its lifestyle element and launches new recruit program, in order to satisfy consumer’s demand and maintain its status as one of the leading retail department stores.

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