Lai Sun Garment (International) Limited (LSG), Lai Sun Development Company Limited (LSD), eSun Holdings Limited (eSun) and Lai Fung Holdings Limited (Lai Fung) have jointly signed the 2026 Commercial Letting Framework Agreement, governing all intra-group rental and licensing of non-cinema premises from 1 August 2026 to 31 July 2029.

Key Terms • All individual leases or licences must be documented on normal commercial terms, with rent benchmarked against market levels through independent valuations or third-party quotes. • Each listed entity will monitor transaction values against pre-set annual caps; any excess will trigger separate compliance action under the Listing Rules.

Annual Caps – Lessee Perspective (right-of-use assets under HKFRS 16) Fixed rental caps represent the estimated present value of lease liabilities to be recognised by lessees: • LSG: HK$28.00 million per year • LSD: HK$16.00 million per year • eSun: HK$9.90 million per year • Lai Fung: HK$5.00 million (FY 2027 & FY 2028) and HK$6.00 million (FY 2029)

Annual Caps – Lessee Perspective (licensing & other fees) • LSG: HK$11.00 million per year • LSD: HK$5.00 million per year • eSun: HK$4.00 million per year • Lai Fung: HK$1.00 million per year

Annual Caps – Lessor Perspective (rental, licensing & other fees receivable) • LSG: HK$25.00 million (FY 2027), HK$26.00 million (FY 2028), HK$28.00 million (FY 2029) • LSD: HK$23.00 million, HK$24.00 million, HK$25.00 million respectively • Lai Fung: HK$6.00 million, HK$7.00 million, HK$7.00 million respectively

Basis for Caps Caps were derived from: 1. Existing lease terms and expected renewals, 2. Anticipated new transactions during the period, 3. Possible rent adjustments, and 4. Buffers for market interest-rate movements and variable expenses such as property management fees.

Internal Control Each company will: • Obtain market benchmarks for every new lease, • Require dual departmental reviews (operations and finance) before execution, • Conduct ongoing monitoring to ensure caps are not exceeded, and • Subject the transactions to annual review by independent directors and external auditors.

Listing Rules Implications • For LSG, LSD and Lai Fung, the highest applicable percentage ratio linked to the caps is above 0.1 % but below 5 %, triggering reporting, announcement and annual review only. • For eSun, the highest ratio exceeds 5 % but remains below 25 %, with aggregate consideration under HK$10 million; hence, the agreement is still exempt from shareholder approval and circular requirements.

Strategic Rationale Maintaining an internal leasing framework allows the Lai Sun group to optimise use of its property portfolio, support operational efficiency and preserve synergy among member companies.

The agreement replaces the existing 2023 framework, which expires on 31 July 2026. All four listed entities confirm the terms are on normal commercial grounds and in the interests of their respective shareholders.