Sun Art Retail Group Limited
(Incorporated in Hong Kong with limited liability)

Corporate Profile              

Sun Art is a leading retailer with hypermarket and fast-growing e-commerce businesses in China. Sun Art operates its business with hypermarkets, superstores and mini stores under RT-Mart, RT-Super and RT-Mini. As of 30 September 2021, Sun Art had a total of 491 hypermarkets, six superstores and 68 mini stores in China with a total gross floor area ("GFA") of approximately 13.68 million square meters, covering 236 cities across 29 provinces, autonomous regions and municipalities. The Group has always been committed to providing high-quality shopping experience for customers with fresh and inexpensive commodities, comfortable and convenient environment, as well as lump-sum buying. The Group aims to become a good neighbor of communities and a trustworthy shopping representative of consumers.

As of 31 March 2021, Taobao China Holding Limited ("Taobao China") directly or indirectly holds 78.70% of the issued share capital of Sun Art Retail Group Limited (the "Group") and therefore has become the ultimate controlling shareholder of the Group. The two parties will integrate online and offline professional capabilities to jointly explore new retail development opportunities in China's retail industry.

Sun Art's main development strategy is 'to synchronize hypermarkets, superstores and mini stores, integrate online and offline business, develop multi-formats and omni-channels', and to become a leader in digital transformation and a benchmarking enterprise for New Retail.

updated 22nd November, 2021

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