AEON Credit Service (Asia) Co. Limited (Stock Code: 900) Announces Renewal of TM Licence Agreement with AEON Stores (Hong Kong) Co. Limited (Stock Code: 984)

Bulletin Express02-26

AEON Credit Service (Asia) Co. Limited (Stock Code: 900) announced that it has entered into the 2026 TM Licence Agreement with AEON Stores (Hong Kong) Co. Limited (Stock Code: 984) to renew the existing arrangement for the lease of a premises located at Tuen Mun Town Plaza, Phase I, for credit finance and insurance-related advisory services. The agreement spans from 28 February 2026 to 28 February 2027, with a monthly licence fee of HK$301,903. Rates are set at 5% of the licence fee, while the management fee of HK$13,710 per month and relevant utility charges are charged separately.

The unaudited value of the right-of-use asset under the 2026 TM Licence Agreement is approximately HK$3.58 million, calculated using an incremental borrowing rate of 3.39% in accordance with Hong Kong Financial Reporting Standard 16. The annual caps for outgoings under this agreement are HK$10,000 for the period ending 28 February 2026 and HK$420,000 from 1 March 2026 to 28 February 2027.

As the lease constitutes a connected transaction under the Listing Rules, the 2026 TM Licence Agreement is subject to reporting and announcement requirements but is exempt from independent shareholders’ approval. AEON Stores is 60.59% owned by AEON Co., Ltd., which holds a controlling interest of approximately 70.42% in AEON Credit Service (Asia) Co. Limited.

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