GOME Retail Enters into Various Agreements with GOME Fun and GOME Holding to Accelerates the Strategic Transformation to an All-round Retail Eco-system Sharing Platform and Strive to Lead the “Home Living” Industry

HONG KONG, Nov 26, 2021 - (ACN Newswire via SEAPRWire.com) - GOME Retail Holdings Limited (HKEX stock code: 493, "GOME" or "the Company", together with its subsidiaries, "the Group") announced today that the Group entered into 11 agreements in various business sectors, through GOME Appliance Company Limited ("GOME Appliance"), its wholly-owned subsidiary, in respect of the continuing connected transactions of the Company with GOME Fun E-Commerce Co., Ltd. ("GOME Fun") and GOME Holding Group Company Limited ("GOME Holding"). The 11 agreements include renewals and new agreements. All agreements have a term of three years commencing from 1 January 2022 up to and including 31 December 2024 ("Contract Period"). The establishment of the agreements will support the Group's strategic transformation to an all-round retail eco-system sharing platform, steadily promote the in-depth implementation of the "Home Living" strategy, and integrate the supply chains and resources of the Parent Group and other members of the Parent Group to improve the Group's operational efficiency.Moreover, in order to improve capital efficiency, fully utilize the efficient investment opportunities, and facilitate t...