On June 6th, 2012, Grand Ocean Retail Group Limited (¡§Grand Ocean¡¨, stock code: 5907) will become the primary listing as a foreign company on the Taiwan Stock Exchange, or TWSE.

Grand Ocean¡¦s main operation body, Grand Ocean Department Store Group Limited, is a sizable and competitive multi-regional department store group operating in mainland China. Grand Ocean¡¦s department stores offer a lively combination of services, including retail, leisure, entertainment, and dining options. Grand Ocean currently operates 18 department stores in 13 cities in mainland China, including Fuzhou, Nanjing, Suzhou, Quangzhou, Wuxi, Changzhou, Wuhan, Chongqing, Xian, Xiantan, Yichang, Hengyang city, and Shijiazhuang, with plans to open Hefei store in 2012. Grand Ocean¡¦s management team came from both the Greater China region and Japan, with years of market experience. The company¡¦s operating principles is based on becoming the fashion trendsetter, while maintain a trustworthy business operation, and providing the best services, with goals to offer the most stylish, classy, and comfortable shopping environment to the customers.

TWSE will organize a listing ceremony for Grand Ocean to celebrate its listing on the TWSE. Live broadcast of the listing ceremony will be available on the ¡§Webpro Securities and Futures Market Audio-visual Communication Network¡¨ from 8:30am ¡V 9:00am on the day of listing. All are welcome to visit http://webpro.twse.com.tw to view the webcast at the above time.