Hong Kong – 20 July 2026 – Dickson Concepts (International) Limited (“Dickson Concepts”) has renewed and expanded its in-store concession arrangements at the “Harvey Nichols” flagship in Pacific Place, Hong Kong, locking in a maximum HK$4.40 million aggregate licence-fee cap for the financial year ending 31 March 2027.

Renewed PWCL licence • Subsidiary Dickson Concepts (Retail) Limited (“DCRL”) signed a new one-year licence (“New PW Licence Agreement”) with connected party Precision Watch Co. Ltd. (“PWCL”) on 20 July 2026. • The agreement covers a 1,975 sq ft sales corner (“PW Sales Corner”) from 22 July 2026 to 21 July 2027 at a monthly fee of HK$350,800, payable 25 working days after month-end. • Maximum caps: HK$2.92 million for FY27 (eight months ten days of the licence term) and HK$1.29 million for FY28 (three months twenty-one days). • The new deal supersedes the existing licence (expiring 18 September 2026) that had charged HK$500,000 per month on 2,815 sq ft, generating HK$6.00 million in FY26.

S.T. Dupont de minimis licence • On 6 March 2026, DCRL granted S.T. Dupont Marketing Ltd. (“STDML”) a one-year right (1 April 2026–31 March 2027) to operate a 442 sq ft sales corner (“STD Sales Corner”) at a monthly fee of HK$122,936. • The maximum receivable under this licence is capped at HK$1.48 million for FY27, below 0.1% of Dickson Concepts’ applicable percentage ratios, qualifying the deal as fully exempt under Listing Rule 14A.

Aggregated connected-transaction implications • Because both licences involve similar sales-corner arrangements with associates of substantial shareholders Sir Dickson Poon and Mr Pearson Poon, the Hong Kong Listing Rules require aggregation. • The combined annual cap for FY27 is HK$4.40 million, exceeding 0.1% but below 5% of relevant percentage ratios. Consequently, the New PW Licence Agreement is subject to announcement, annual reporting and review, yet exempt from circular and independent shareholders’ approval.

Strategic rationale Management views the renewals as ordinary-course, arm’s-length transactions that secure steady rental income and bolster Harvey Nichols’ positioning as a premier luxury destination in Hong Kong. The licence fees were benchmarked to prevailing market rentals, taking account of location, space and brand prestige.

Corporate profile Dickson Concepts is a Bermuda-incorporated investment holding company with principal activities in luxury-goods retailing across Asia and securities investments.