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

Corporate Profile              

Sun Art is a leading retailer with hypermarket and omni-channel e-commerce businesses in China. Sun Art operates its business with hypermarkets, superstores and membership stores under RT-Mart, RT-Super and M-Club. As of 30 September 2023, Sun Art had a total of 485 hypermarkets, 19 superstores and one membership store in China with a total gross floor area ("GFA") of approximately 13.79 million square meters, covering 211 cities across 29 provinces, autonomous regions and municipalities. The Group has always been committed to high quality-to-price ratio and the customer value of health and pleasure by 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 customers.

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 will focus on the four strategies of 'product differentiation capabilities, offline experience centers, online logistics fulfillment centers, and multi-format and omni-channel development', as well as the development of fresh product processing center capabilities and digital capabilities of store warehouses, and to become a leader in digital transformation and a benchmarking enterprise for New Retail.

updated 30th November, 2023

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