General Announcement::CHANGE OF FINANCIAL YEAR END FROM 30 JUNE TO 31 DECEMBER

PARKSON RETAIL ASIA LIMITED

(Company registration number: 201107706H) Incorporated in the Republic of Singapore

CHANGE OF FINANCIAL YEAR END FROM 30 JUNE TO 31 DECEMBER

The Board of Directors ("Board") of Parkson Retail Asia Limited ("Company" and together with its subsidiaries, the "Group") wishes to announce the change of the financial year end of the Company from 30 June to 31 December ("Change of Financial Year End"). The Change of Financial Year End is to coincide the Company's financial year end with that of its ultimate holding company, Parkson Holdings Berhad ("PHB"). PHB had on 4 June 2021 announced that it had changed its financial year end from 30 June to 31 December to facilitate better management of resources for smooth flow of business operations and financial reporting.

With the Change of Financial Year End, the Company's current financial year which began on 1 July 2020, will now end on 31 December 2021 ("FY2021"), and the next set of audited financial statements for the FY2021 will cover an 18-month period from 1 July 2020 to 31 December 2021 ("FY2021 Financial Statements"). Subsequently, the Company will apply a 1 January to 31 December financial year.

In accordance with Rule 705 of the Listing Manual of Singapore Exchange Securities Trading Limited ("Listing Manual"), the Company will be announcing its financial statements on the SGXNET in accordance with the following timeline:

			Previous Financial
	Financial Period		Period As		Type of		Period for Release
		Comparison		Announcement
	1 April 2021 to 30 June	1 April 2020 to 30 June		Quarterly	By 14 August 2021
2021		2020
	(3-month period)	(3-month period)
	1 July 2021 to 30	1 July 2020 to 30		Quarterly	By 14 November 2021
	September 2021	September 2020
	(3-month period)	(3-month period)
	1 July 2020 to 31	1 July 2019 to 30 June		Full Year	By 1 March 2022
	December 2021	2020
	(18-month period)	(12-month period)

Pursuant to the requirements of Rule 707(1) of the Listing Manual and the Companies Act (Chapter 50 of Singapore), the Company will hold its next annual general meeting ("AGM") on or before 30 April 2022, and will table the FY2021 Financial Statements at the AGM.

BY ORDER OF THE BOARD

Tan Sri William Cheng Heng Jem Executive Chairman

10 June 2021