AEON STORES TO CLOSE JUSCO TAI PO STORE
* * * * * *
REMAINS OPTIMISTIC ABOUT THE HONG KONG RETAIL MARKET
AND WILL CONTINUE BUSINESS EXPANSION IN THE TERRITORY

11/6/2010

(HONG KONG, 11 June 2010) ¡V JUSCO Tai Po Store (¡§Tai Po Store¡¨) operated by AEON Stores (Hong Kong) Co., Limited, (¡§AEON Stores¡¨ or the ¡§Group¡¨) (Stock code: 984) will close in July 2010. The General Merchandise Store (¡§GMS¡¨) will remain open until 18 July 2010 while its supermarket will close on 11 July 2010. To thank customers for their support over the years, the Group will launch a clearance sale from mid June.

The Group decided to close the Tai Po Store as the leasing contract will expire in July and the landlord has other business plans ahead.

Mr. Lam Man Tin, Managing Director of AEON Stores, said, ¡§We would like to express our gratitude to the customers, which include the residents of Tai Po, for their support of JUSCO Tai Po Store since 1995. We are encouraged by the positive market response towards our newly opened Kowloon Bay Store, which highlights the appeal of our GMS model among customers despite the closure of this store. In the future, we will continue to look for suitable locations to open new stores of different business models, and aim to bring our excellent products and services to even more customers.¡¨

About AEON Stores

AEON Stores was listed on the Hong Kong Stock Exchange in 1994. The Group is mainly engaged in the operation of GMS. Currently, it operates 6 GMS, 17 independent JUSCO $10 Plaza, 3 JUSCO Living Plaza, 5 independent supermarkets and 3 Bento Express (Japanese take-away shop) in densely populated residential districts in Hong Kong. It also operates 13 GMS and 2 shopping centres in Guangdong Province, the PRC.

For more information, please visit the company's website at http://www.jusco.com.hk.

For online shopping, please visit http://www.juscocityhk.com .

For more information
AEON Stores (Hong Kong) Co., Limited
Jenny Chan
Tel : 2565 3600
Fax: 2563 8654
E-mail: pr@jusco.com.hk
 
Strategic Financial Relations Limited
Heidi So / Derek Lee / Angelus Lau / Linda Pui
Tel: 2864 4826 / 4858 / 4805 / 4873
Fax: 2804 2789
E-mail: heidi.so@sprg.com.hk
derek.lee@sprg.com.hk
angelus.lau@sprg.com.hk
linda.pui@sprg.com.hk

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