Parkson Retail Group Limited announced a postponement in the distribution of its shareholder circular linked to a very substantial acquisition involving the renewal of a Shanghai tenancy agreement.

The company’s earlier plan, disclosed on 8 May 2026, anticipated releasing the circular on or before 26 May 2026. Management now expects dispatch to occur on or before 15 June 2026, citing additional time required to finalize information.

The forthcoming document will provide detailed information on the Shanghai Renewal Agreement and the Shanghai Hongqiao Tenancy, as well as the notice convening an extraordinary general meeting.

The board of Parkson Retail is led by Executive Director and Chairman Tan Sri Cheng Heng Jem, alongside Executive Director Ms. Juliana Cheng San San, Non-executive Director Dato’ Sri Dr. Hou Kok Chung, and Independent Non-executive Directors Dato’ Fu Ah Kiow, Mr. Yau Ming Kim, Robert, and Datuk Koong Lin Loong.

Investors will receive the updated circular no later than mid-June, after which the company will proceed with the extraordinary general meeting to seek shareholder approval for the tenancy renewal.