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The most severe damage was reported from Idukki, Kottayam and Pathanamthitta, where saturated hillsides collapsed, rivers crossed warning levels and rescue teams moved families from vulnerable areas. The state government directed district administrations to prepare for emergencies and assigned ministers to coordinate relief operations in badly affected areas.

Sumathi, a resident of Kudayathoor near Thodupuzha, was killed when a landslide struck her house at Adurmala around 2 am. Her husband Ravi and son Ratheesh were pulled from the debris with injuries. The building was destroyed, and rescuers recovered Sumathi’s body after a search lasting several hours.

Another landslide at Kolahalamedu in Vagamon killed 72-year-old Prabhakaran Nair. A mass of earth crashed through a window and buried the room where he was sleeping. Fire and Rescue Services personnel, police and residents used an earthmover to clear the wreckage before recovering his body.

Joseph Johnny and his mother Regina Johnny were also killed after a landslide buried a house near Poonjar in Kottayam district. Search and rescue teams were deployed to the area as heavy rain continued to restrict access through hilly roads.

The weather department issued red warnings for Thrissur, Malappuram, Kozhikode, Wayanad, Kannur and Kasaragod, where isolated rainfall exceeding 20 centimetres within 24 hours was considered possible. Pathanamthitta, Kottayam and Idukki were also placed under red warnings for rainfall ranging between 12 and 20 centimetres.

Orange warnings covering Thiruvananthapuram, Kollam, Alappuzha, Ernakulam and Palakkad indicated the likelihood of very heavy rainfall. The warnings covered nearly the entire state and reflected the possibility of flash floods, landslides, uprooted trees, power disruption and damage to weak structures.

An offshore trough extending from south Gujarat to Kerala, combined with strong lower-level westerly winds, intensified the rainfall. Rain or thundershowers were forecast across most parts of Kerala through the weekend, although the heaviest phase was expected on Saturday.

Flooding spread across central districts as rivers and streams overflowed. Erattupetta was inundated after the Meenachil River breached its banks, while the Mundakkayam causeway went under water. Sections of the Pala-Poonjar road became impassable, affecting movement between several towns and villages.

Ranni in Pathanamthitta faced extensive flooding, with water entering the Ittiyappara bus stand, shops and houses. Landslides were reported from surrounding highland areas, while the Pamba and other rivers rose rapidly following overnight rainfall.

Thodupuzha town and nearby settlements experienced waterlogging after streams spilled into residential colonies. The Thodupuzha River crossed the danger mark, while the Muvattupuzha River moved above its warning level. Residents along riverbanks and in low-lying areas were told to prepare for evacuation.

Authorities increased controlled releases from the Malankara Dam as inflows surged. Four shutters that had been opened by 1.5 metres were scheduled to be raised in stages to 2.5 metres. Officials warned that the release could further increase levels in the Thodupuzha and Muvattupuzha rivers.

Road travel was disrupted across Idukki after landslips blocked the Moolamattom-Vagamon, Vagamon-Ettumanoor, Vagamon-Upputhara and Kattappana-Vazhavara routes. Debris also halted traffic near Machiplavu on the Kochi-Dhanushkodi National Highway, where a car and a heavy vehicle were caught in a landslide.

Rain measured at the Hong Kong Observatory’s headquarters had already exceeded the normal July total before the final third of the month. Further heavy showers linked to Typhoon Noul and moist south-westerly air lifted the cumulative figure closer to levels last recorded nearly three decades ago.

The territory received 474.7 millimetres of rain during the first 20 days of July, 23 per cent above the monthly average of 385.8 millimetres. Additional downpours later in the month strengthened the prospect of July becoming one of the wettest on record since observations began in 1884.

Forecasters expect unsettled conditions to extend into early August. A broad area of low pressure over the northern South China Sea and the western Pacific is likely to maintain a flow of moisture towards the Guangdong coast, bringing showers, thunderstorms and periods of heavier rain.

Rainfall this month followed an unusually wet June, when about 600.5 millimetres was recorded, roughly 22 per cent above normal. The back-to-back wet months have saturated hillsides, raised the risk of landslides and placed greater pressure on drainage systems across densely built districts.

Typhoon Noul added to the disruption after approaching the southern China coast and bringing squally showers, powerful winds and rough seas. Hundreds of flights were cancelled in Hong Kong, while transport services were adjusted and residents were warned to avoid shorelines and exposed areas.

At least 21 people were injured as the storm affected the city. Fallen trees, damaged scaffolding and blocked roads were reported, although Hong Kong avoided the larger-scale destruction seen in parts of Guangdong, where hundreds of thousands of people were evacuated before landfall.

Noul became the third tropical cyclone to affect southern China during July, underlining an active phase in the western North Pacific. Cyclones Bavi and Maysak had already contributed to difficult weather conditions across parts of the region, with heavy rain extending beyond coastal areas.

Meteorologists say the extraordinary rainfall has resulted from repeated interactions between tropical systems, low-pressure troughs and moisture-rich monsoon winds. Such patterns can produce long periods of rain even when the centre of a cyclone remains some distance from Hong Kong.

The city’s steep terrain and dense urban development increase its exposure to sudden flooding. Intense rainfall can overwhelm drains within minutes, particularly in low-lying districts and older neighbourhoods where water has fewer routes to escape.

Officials have repeatedly reminded residents to monitor rainstorm warnings, avoid watercourses and report signs of slope instability. Schools, businesses and public transport operators are required to follow warning arrangements when Amber, Red or Black rainstorm signals are issued.

The Observatory has issued dozens of rainstorm warnings since June, far more than during the same period last year. The frequency reflects not only the amount of rain but the number of intense bursts capable of disrupting travel and daily activity.

Hong Kong has experienced several severe rainfall episodes over the past few years. A record-breaking storm in September 2023 produced 158.1 millimetres of rain in a single hour, the highest hourly total since records began, flooding roads, underground stations and shopping areas.

A cluster of four Black rainstorm episodes between late July and early August 2025 further demonstrated the difficulty of forecasting small, fast-developing systems. Some storms formed rapidly near the Pearl River estuary, leaving limited time for highly localised warnings.

Climate researchers expect warmer air and seas to increase the moisture available to tropical weather systems. A warmer atmosphere can hold more water vapour, raising the potential for heavier short-duration rainfall when atmospheric conditions trigger thunderstorms.

Natural year-to-year variations remain important, and no single wet month can be attributed solely to climate change. Long-term observations, however, show growing concern over the intensity of extreme rainfall events across subtropical coastal cities.

The financial impact extends beyond damaged property. Persistent bad weather can affect aviation, shipping, construction, retail activity and outdoor tourism. Insurance claims may rise when flooding damages vehicles, homes and commercial premises.

The launch ceremony was attended by Mr. Do Quang Thai, First Secretary of the Embassy of the Socialist Republic of Vietnam in the Kingdom of Denmark, together with representatives from leading Danish organizations, including 3F, Dansk Erhverv, DPT and Carnegie Investment Bank, alongside strategic partners and industry stakeholders from the transport, technology, energy, finance and infrastructure sectors.

As one of the world’s leading cities in sustainable urban mobility, Copenhagen was chosen as Green SM’s first European market. Here, the company aims to complement the city’s existing transport network by offering another reliable, fully electric mobility option for residents and visitors alike.

In Denmark, the company operates a fully electric fleet of VinFast VF 6 and VF 8 vehicles, serving a wide range of everyday urban travel needs. Unlike many ride-hailing platforms that primarily connect passengers with independent drivers, Green SM directly owns and manages its fleet and oversees driver operations to help ensure consistent service quality and customer experience. During the initial phase of operations, Green SM will focus on establishing a reliable local operation, ensuring full compliance with Danish regulations, and continuously improving its service based on feedback from customers, drivers, and other stakeholders.

Delivering a safe, professional, and consistent customer experience begins with Green SM’s drivers. Before serving customers, every driver completes comprehensive training in road safety, customer service, operating procedures, and electric vehicle operation. Together with ongoing training and a robust local operations system, this helps ensure every journey reflects the high standards Green SM is committed to delivering.

Customers can book rides through the Green SM app, available on the App Store and Google Play. Fares are displayed before each trip is confirmed, and electronic receipts are issued automatically at the end of every journey. To mark its launch in Copenhagen, Green SM is offering new customers five (5) vouchers worth 25% off each trip, up to a maximum discount of 100 DKK per ride throughout the Grand Launch period from July 30 to September 30, 2026.

Richard Nabil Chahine, CEO of Green SM Europe, said: “Cities shape the future of mobility long before companies do. Copenhagen is one of those cities. That is why beginning our European journey here carries special meaning for Green SM. We come with deep respect for the standards already established here, drawing on what we have learned from serving millions of journeys across Asia. Our ambition is simple: to become a trusted mobility partner by delivering safe, professional and fully electric journeys that people can rely on every day. If we earn that trust, growth will naturally follow.”

Green SM’s expansion into Europe reflects the company’s long-term approach to international growth. Rather than prioritising rapid expansion, Green SM focuses on building well-structured local operations, adapting its services to local market needs, and earning trust through consistently reliable service.

With its fully electric fleet and low-emission operating model, Green SM hopes to contribute to Denmark’s long-standing ambitions for more sustainable mobility while providing another practical transport choice for everyday journeys.

Founded in Vietnam in 2023, Green SM currently operates in Vietnam, Laos, Indonesia, the Philippines, India and Kazakhstan. Through its fully electric fleet, technology platform and consistent operating standards, the company is steadily expanding internationally while adapting its services to local market needs.

Hashtag: #GreenSM

The issuer is solely responsible for the content of this announcement.

InMobi’s unified intelligence engine delivers 2x revenue growth and a 40% improvement in ROAS, while the expanded InMobi Accelerate and Alliance network unlocks broader advertising reach

SHANGHAI, CHINA – Media OutReach Newswire – 29 July 2026 – InMobi Advertising, the agentic advertising platform from global technology company InMobi, today announced a major expansion of its China business, introducing new AI-powered cross-screen and full-funnel advertising capabilities to help Chinese brands and developers grow both domestically and internationally. The company will showcase its latest commerce and advertising monetisation solutions at ChinaJoy 2026.

As Chinese enterprises transform into global brands, they face challenges on two distinct fronts. Domestically, navigating search, social and content ecosystems dominated by powerful closed platforms requires deep local relationships and market expertise. Internationally, consumer attention is increasingly fragmented across mobile devices, lock screens and connected TV, while advertising is often planned and bought in isolated silos, resulting in disconnected user experiences, higher churn and unpredictable returns on advertising spend.

New AI-Powered Cross-Screen Advertising CapabilitiesDrive Measurable Results

To support Chinese brands expanding globally, InMobi has introduced a unified advertising solution that combines its global programmatic exchange, strategic OEM partnerships with industry leaders including Samsung, Motorola and Google, and Glance, its flagship consumer platform. Together, these assets create an AI-optimised framework that connects mobile, lock screen and connected TV experiences, reaching more than 2.5 billion devices through 70,000+ apps integrated with the InMobi SDK.

Powered by InMobi’s unified intelligence framework, the framework is already delivering strong business outcomes, including over 2x revenue growth, and an almost 40% improvement in return on advertising spend (ROAS). Publishers integrating through the InMobi SDK are also achieving almost 3-5x greater revenue compared with API-only integrations.

At the centre of this ecosystem is Glance, which reaches approximately 250 million active users globally and provides Chinese advertisers with access to one of the world’s most engaged consumer surfaces through AI-powered discovery and commerce experiences.

Expanded InMobi Alliance Network Enhances Market Access

Alongside its AI-powered cross-screen innovations, InMobi continues to expand InMobi Accelerate and Alliance business, through which advertisers can access search and social inventory through InMobi’s strategic partnerships with Microsoft Advertising, Baidu, and Yandex, among others, helping advertisers access premium inventory and audiences across domestic and international markets. Since 2023, media flow through InMobi Accelerate and Alliance has increased rapidly in China, reflecting growing demand from Chinese advertisers seeking growth opportunities across domestic and overseas markets. Globally, InMobi Accelerate and Alliance manages more than US$2.5 billion in media flow.

“Chinese enterprises are entering a new phase of growth, with ambitions that extend well beyond individual markets or channels,” said Abhay Singhal, Co-founder of InMobi. “Our role is to bring together the platform access, consumer reach and AI-led intelligence they need to grow with greater consistency. Through InMobi Accelerate and Alliance, and our cross-screen, full–funnel capabilities via agentic AI and Glance, we are helping businesses connect fragmented touchpoints and turn them into more meaningful consumer engagement and measurable outcomes.”

Expanding Support for China’s Booming Short-Drama Industry

InMobi is also expanding its focus on the fast-growing short-drama industry, one of China’s most dynamic digital content categories. According to National Radio and Television Administration in 2025, the market surpassed RMB100 billion (US$14.7 billion) in 2025 and now includes more than 800 Chinese short-drama apps operating internationally.

As competition intensifies, user retention has become as important as user acquisition. Leveraging AI-powered retargeting, lifecycle marketing and audience intelligence capabilities, InMobi helps publishers re-engage viewers, recommend relevant content and improve long-term monetisation. The company plans to deepen its engagement with the short-drama ecosystem through creator partnerships, joint marketing initiatives and proprietary audience solutions that support sustainable growth in global markets.

Meet InMobi at ChinaJoy 2026

Attendees, media and industry partners are invited to visit InMobi during ChinaJoy 2026 to learn how the company is helping Chinese brands and developers accelerate growth across domestic and global markets.

• Dates: 31 July – 3 August 2026
• Venue: Shanghai New International Expo Centre (SNIEC), Shanghai
• Booth No.: W4F102

Hashtag: #InMobi

The issuer is solely responsible for the content of this announcement.

InMobi Advertising

InMobi Advertising, part of global technology company InMobi, is an agentic advertising platform helping brands and merchants achieve their business outcomes. Through its proprietary intelligence, AI-led solutions, and vast consumer reach — including flagship consumer platform Glance — InMobi Advertising delivers the omnichannel performance defining what’s next in advertising and commerce. Glance is owned and operated by Glance InMobi Pte. Ltd., a non-consolidated subsidiary of InMobi Pte. Ltd. To learn more, visit advertising.inmobi.com.

Highlights

• Underlying profit from continuing businesses¹ grew 44% to US$117 million
• Reported profit was US$118 million, compared to a US$38 million loss in the prior year period
• Like-for-like (LFL) subsidiary sales growth from continuing businesses² improved to 3%
• Health & Beauty sustained strong LFL sales; Convenience and Home Furnishings returned to growth
• E-commerce and DFIQ Media contributed to approximately 35% of sales growth
• Return on capital employed improved to 12%, up from 9% as of December 2025
• Interim dividend of US¢6.20 per share, up 77% year-on-year. Maintain full-year dividend payout of 70%
• Raised full-year organic revenue³ growth guidance to be between 3.0% and 4.0%, and underlying profit to be between US$285 million and US$305 million
• Announced 100% interest acquisition of Cody Hong Kong (Cody HK), one of the leading outdoor advertising solution providers in Hong Kong

Group Chief Executive

DFI RETAIL GROUP HOLDINGS LIMITED

HALF-YEAR RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2026

OVERVIEW

The Group delivered strong performance in an evolving macroeconomic climate, underpinned by disciplined execution and a focus on driving higher returns. A portfolio built on everyday essentials, combined with a strong value proposition with convenience, continues to resonate with customers against the backdrop of oil price volatility. For the first half of 2026, subsidiary LFL sales growth from continuing businesses⁴ further improved to 3%. This was driven by sustained strong momentum in the Health & Beauty segment, as well as a return to growth in both the Convenience and Home Furnishings businesses. Price reinvestment, supported by a reset in sourcing strategy, drove Food volume growth with Wellcome’s basket price now trading at a discount relative to the Greater Bay Area⁵, compared to a premium in the prior year.

The Group’s commitment to retail excellence, a lean overhead structure and expanded omnichannel touchpoints enables us to serve our customers with better pricing and better experience. The DFI Omni Platform further strengthens this by seamlessly integrating our extensive store network with digital capabilities, delivering greater convenience and personalisation while unlocking new value pools through rich, cross-format data insights. Developing and scaling high-margin revenue streams, including retail media (DFIQ Media) and insights monetisation (DFIQ Insights), will diversify our profit base and support long-term value creation.

To enhance operational efficiency and improve productivity of team members, the Group introduced GenAI-powered tools in the first half of 2026, with plans to scale deployment across operating markets in the coming months. In parallel, AI capabilities are increasingly embedded across core retail functions, including assortment optimisation, promotion planning and demand forecasting, to drive better, more data-driven decisions.

The Group undertook a thorough review of the cost structure with the aim of driving sustainable savings and improving long-term cost efficiency. This has led to a reallocation of resources and costs toward format-level operations, driving greater agility and responsiveness to evolving market conditions, while continuing to reduce central selling, general and administrative (SG&A) costs through overhead optimisation. Combined with improving digital economics, underlying operating profit from continuing businesses⁶ grew 14% year-on-year in the first half of 2026. Improved operating performance and lower financing costs contributed to an 11% increase in underlying profit attributable to shareholders, or 44% from continuing businesses⁷ only.

The Group maintained a healthy balance sheet with a net debt position of US$22 million as of 30 June 2026. Return on capital employed further improved to 12%, up from 9% as of December 2025.

The Group declared an interim dividend of US¢6.20 per share, representing a significant increase of 77% compared to the same period last year. This enhanced interim dividend distribution underscored the Board’s confidence in the Group’s underlying business momentum and strong cash flow generation, while ensuring sufficient capital for future growth in line with our 70% payout policy.

OPERATING PERFORMANCE

Overall
For the first half of 2026, underlying subsidiary revenue from continuing businesses⁶ was US$4.1 billion, up 4% year-on-year and 3% on a LFL basis. The growth was driven by strong performance in the Health & Beauty division, as well as a return to growth in the Convenience and Home Furnishings segments. Total revenue, including Maxim’s, was US$5.6 billion. Excluding divestments⁷, total revenue increased by approximately 4%.

Overall underlying profit attributable to shareholders from continuing businesses⁷ grew 44% year-on-year to US$117 million, primarily driven by improved operating profit and lower financing costs.

Underlying subsidiary profit from continuing businesses⁶ was US$101 million, reflecting a 49% year-on-year increase, primarily driven by earnings recovery in the Home Furnishings and Food segment with lower SG&A expenses as a result of overhead reduction.

Underlying profit from associates was US$16 million, down from US$30 million in the prior comparable period, which included share of profits from Robinsons Retail ahead of its disposal. Excluding this, profit contribution from associates was up 22% year-on-year due to robust sales growth and effective cost optimisation at Maxim’s.

The Group reported operating cash flow after lease payments of US$178 million, 16% higher than the prior year period, driven by underlying operating profit growth. Free cash flow for the period was a net inflow of US$85 million, down 5% year-on-year, due to increased capex investment in priorities that will further strengthen the Group’s competitive position while driving long-term value for shareholders.

Digital
Capturing a significant share of daily essential customer missions in Hong Kong, the DFI Omni Platform – powered by yuu – enables deeper customer engagement across offline and online touchpoints, maximises data capture and unlocks incremental margin opportunities beyond core retail through DFIQ Media and DFIQ Insights. Overall digital turned profitable, with e-commerce and DFIQ Media contributing to approximately 35% of total revenue growth in the first half of 2026. This was supported by improved underlying e-commerce economics, a rising online sales penetration⁸ to 6.9% and 3 times in DFIQ Media revenue compared to first half of 2025. As of June 2026, more than 10,000 digital media-ready screens were available across DFI outlets.

Subsidiaries
Sales for the Health & Beauty division were US$1.4 billion, up 8% year-on-year from continuing businesses⁹, 7% in constant currency, or 6% on a LFL basis, with continued market share gains across key operating markets. Mannings and Guardian deepened their leadership as the trusted advisors for wellness through an enhanced, wellness-focused assortment and continued roll-out of skin and scalp assessment services across a wider store network. The recently announced exclusive distribution partnership with Holland & Barrett, a leading UK health and wellness retailer, will further expand customer access to trusted wellness solutions in Hong Kong and Singapore, followed by a broader rollout across selected Asia markets in the coming years. In Hong Kong and Macau, Mannings delivered 5% LFL sales growth, driven by increased basket size and robust tourist store sales amid higher visitor arrivals. In Southeast Asia, Guardian achieved strong LFL sales growth of 9%, supported by higher basket sizes and improved promotional efficiency, with Indonesia and Vietnam delivering close to 20% LFL growth. Excluding the impact of cost reallocation and closure of Mannings China offline stores, divisional profit increased moderately by 2% to US$109 million. Margin declined primarily due to increased strategic promotions to drive stronger sales and market share in Southeast Asia, particularly in Malaysia where health & beauty retailers did not benefit from the SARA Cash Aid Programme.

Total Convenience sales were US$1.2 billion, up 4% year-on-year or 2% on a LFL basis, as continued growth in higher-margin categories, including ready-to-eat (RTE) and exclusive collectibles, more than offset the decline in lower-margin cigarette volumes. Hong Kong LFL sales returned to growth in the second quarter following ten consecutive quarters of decline, supported by RTE and an expanded non-food assortment, including limited-edition collectibles and K-pop merchandise. Excluding cigarettes, LFL sales were up 3% for the period. In Singapore, effective promotional campaigns and collectible product launches drove strong LFL sales growth of 8%. In South China, continued store network expansion through a capex-light franchise model – including a net addition of 112 stores since June 2025 to nearly 1,980 locations – contributed to 12% sales growth year-on-year or 6% on constant currency basis. LFL sales were 1% higher compared to the prior year period, driven by the successful launch of Own Brand in key categories of frozen products and packaged drinks. The team remains focused on driving footfall and sales through further expansion of the RTE offering across both offline and online channels. This includes a broader rollout of the Food Bar to 453 stores as of June 2026, up from 325 at year-end 2025, and strong overall online sales growth of more than 35%. Excluding cost reallocation impact, profit for the division increased by 2% to reach US$37 million.

Reported sales for the Food division from continuing businesses¹⁰ were US$1.1 billion, up 1% year-on-year. LFL sales returned to positive growth of 0.5% in the second quarter of 2026. In Hong Kong, investment in reduced pricing on core basket items, a stronger fresh proposition, and Own Brand offering drove 2% increase in total volume and 0.5% LFL sales growth in the first half of 2026. As of June 2026, Wellcome’s “Everyday Value” range has expanded to nearly 500 items, offering savings of up to 40%, bringing its basket price down from a premium to a discount relative to the Greater Bay Area. The team also accelerated omnichannel growth with more than 35% growth in online order volume. In Cambodia, Lucky reported strong double-digit sales growth, with profit more than doubling year-on-year. The plan to open 50 new stores over the next few years remains on track. Macau Food sales remained challenging as a result of cross-border grocery shopping. Excluding the impact of cost reallocation and the divestment of Singapore Food, overall divisional profit increased by 27% year-on-year to US$17 million.

The Home Furnishings division delivered strong recovery in performance during the first half of 2026, with LFL sales growth of 4%, compared to a decline of 6% in the prior year period. Price reinvestment in core value SKUs, a stronger focus on locally relevant ranges and IKEA Food innovation drove increased footfall and items per baskets, resulting in a 3% LFL sales growth in Hong Kong and 5% in Taiwan. IKEA Food remains a critical traffic and revenue driver, accounting for 15% of total sales. In Indonesia, while offline sales momentum remained soft, LFL sales trend improved on a strengthening IKEA’s omnichannel proposition with online sales penetration reaching 24%. Sales recovery and effective cost optimisation measures contributed to 85% growth in overall divisional profit, excluding cost reallocation impact.

Associates
The Group’s share of Maxim’s underlying profits was US$16 million for the first half of 2026, up 15% year-on-year, underpinned by continued cost optimisation and operational efficiency measures. Sales for the period increased by 4%, driven by strong restaurant performance in Southeast Asia and a return to growth in the Chinese mainland, partially offset by weaker sales in Hong Kong.

RECENT BUSINESS DEVELOPMENTS

On 30 June 2026, the Group announced the acquisition of 100% interest in Cody Hong Kong (Cody HK), one of the leading outdoor advertising solution providers in Hong Kong, for a cash consideration of HK$30.2 million (approximately US$3.8 million) from ARN Media Network Limited (ASX: A1N), subject to customary adjustments.

The acquisition advances DFI’s strategy to build a full-funnel advertising solution in Hong Kong through DFIQ Media. By integrating Cody HK’s strategic assets – including multi-year exclusive advertising rights with Kowloon Motor Bus (KMB) and Hong Kong Tramways (HKT) – with DFI’s extensive store network, growing online user base, and closed-loop measurement capabilities, DFIQ Media strengthens its ability to deliver high-impact advertising solutions to a broader advertiser base across online, in-store, and outdoor channels.

Subject to satisfaction of third-party consents, the transaction is expected to complete in the second half of 2026.

PEOPLE

On 6 July 2026, the Group announced four senior leadership appointments effective from 1 August 2026. These moves reflect the Group’s continued focus on strengthening its leadership pipeline and driving the next phase of growth with experienced, proven leaders.

Andrew Wong will be appointed Chief Executive Officer, DFI IKEA. Formerly CEO of Health & Beauty, Andrew brings extensive experience in driving customer-led growth, operational discipline and in-store digitalisation across multiple markets. His earlier leadership of franchise operations at Jardine Restaurant Group positions him well to lead the IKEA business into its next phase of development.

Curtis Liu, having most recently served as Chief Executive Officer of Food, will be appointed Chief Executive Officer, Health & Beauty. His proven leadership in driving customer value repositioning in Hong Kong, combined with deep operational retail knowledge and digital experience at JD.com, positions him well to drive continued momentum and omnichannel growth in Health & Beauty.

Tom van der Lee will be appointed Chief Executive Officer, Food. Tom has played an instrumental role as Group Chief Financial Officer, driving financial discipline and supporting key strategic decisions across the Group. His prior experience at FrieslandCampina, a global food company, and his broad financial leadership across DFI banners in Southeast Asia supported his strong commercial grounding to lead the Food business.

Kaizhi Wu will succeed Tom as Group Chief Financial Officer. Kaizhi currently serves as Group Finance Director, Planning & Reporting, based in Hong Kong. Prior to joining DFI, he served as Executive Vice President and Chief Financial Officer of Yonghui Superstores Co., and earlier held senior roles at Jardine Matheson, Fosun Group and PwC in London. Kaizhi will join the Group’s Management Committee upon assuming his new role.

OUTLOOK

The Group remains confident in our ability to navigate the evolving trading environment, supported by sharpened business priorities, a strong balance sheet and low-cost operating model. Financial outlook outlined at the Investor Day in December 2025 remains intact as DFI continues to execute our multi-year strategic initiatives that are critical to driving sustainable revenue and earnings growth. These initiatives include strengthening our value proposition, strategically expanding store network, enhancing omnichannel capabilities and accelerating digital asset monetisation through data-driven insights. In particular, the growing DFI Omni Platform will deepen our customer engagement, further reinforce our core retail strength and enhance overall earnings resilience in the long term.

Despite an elevated oil price outlook for the remainder of the year, the Group expects to deliver stronger profitability supported by enhanced operational efficiency. As a result, the Group revises up its full-year organic revenue growth¹¹ outlook to be between 3.0% and 4.0% (up from previously 2.0% to 3.0%), and underlying profit attributable to shareholders to be between US$285 million and US$305 million (up from previously US$270 million and US$300 million).

Scott Price
Group Chief Executive

—————–
¹ Excluding impacts of divestment of Singapore Food business, closure of Mannings China and disposal of minority stake of Robinsons Retail
² Excluding impacts of divestment of Singapore Food business and closure of Mannings China
³ Excluding Singapore Food and Mannings China
⁴ Excluding impacts of divestment of Singapore Food business and closure of Mannings China
⁵ Based on a third-party assured price comparison of a 200-item comparable basket between DFI and Shenzhen
⁶ Excluding impacts of divestment of Singapore Food business and closure of Mannings China
⁷ Excluding impacts of divestment of Singapore Food business, closure of Mannings China and disposal of minority stake of Robinsons Retail
⁸ Excluding cigarettes under Convenience and IKEA Food
⁹ Excluding Mannings China
¹⁰ Excluding Singapore Food business
¹¹ Excluding Singapore Food and Mannings China
Hashtag: #DFIRetailGroup #Mannings #Guardian #7-Eleven #Wellcome #MarketPlace #IKEA #yuu #Maxim’s

The issuer is solely responsible for the content of this announcement.

DFI Retail Group

DFI Retail Group (the Group) is a leading Asian retailer, driven by its purpose to ‘Sustainably Serve Asia for Generations with Everyday Moments’.

At 30 June 2026, the Group and its associates operated 7,659 outlets across 12 markets, of which 5,593 stores were operated by subsidiaries. The Group, together with its associates, employed over 81,000 people, with more than 43,000 people employed by subsidiaries. The Group had reported revenue of US$8.9 billion in 2025.

The Group is committed to delivering quality, value and service to consumers across the region through trusted brands, strong local market positions, and a broad retail ecosystem supported by extensive store networks, digital capabilities and efficient supply chains.

The Group and its associates operate a portfolio of well-known brands across five key divisions. The principal brands are:

Health and Beauty

• Mannings in Hong Kong and Macau S.A.R.; Guardian in Brunei, Indonesia, Malaysia, Singapore and Vietnam.

Convenience

• 7-Eleven in Hong Kong and Macau S.A.R., Singapore and Southern China.

Food

• Wellcome and Market Place in Hong Kong S.A.R.; San Miu in Macau S.A.R.; Lucky in Cambodia.

Home Furnishings

• IKEA in Hong Kong and Macau S.A.R., Indonesia and Taiwan.

Restaurants

• Hong Kong Maxim’s group on the Chinese mainland, Hong Kong and Macau S.A.R., Cambodia, Laos, Malaysia, Singapore, Thailand and Vietnam.

The Group’s parent company, DFI Retail Group Holdings Limited, is incorporated in Bermuda and has a primary listing in the equity shares (transition) category of the London Stock Exchange, with secondary listings in Bermuda and Singapore. The Group’s businesses are managed from Hong Kong. DFI Retail Group is a member of the Jardine Matheson group.

The 36-year-old from Taiwan secured the men’s singles championship 21-15, 7-21, 21-13 on Sunday, combining controlled aggression with the stamina that has sustained his career among badminton’s leading players for more than a decade.

Chou recovered from a one-sided second game to regain command in the decider. He slowed Popov’s attacking rhythm, defended with greater precision and forced the Frenchman into difficult exchanges from the back of the court. The victory completed an outstanding campaign that included a major upset against world No. 1 and defending champion Shi Yuqi.

The sixth seed had defeated Shi 21-14, 12-21, 21-15 in the quarter-finals, ending a nine-match losing sequence against the leading Chinese player. Chou then beat fellow Taiwan player Lin Chun-yi 21-18, 21-18 in the semi-finals to reach the championship match.

His title carried added significance because of the physical demands associated with a Super 1000 tournament. The category sits at the highest regular level of the BWF World Tour and brings together most of the world’s top-ranked players. Chou’s ability to win several high-intensity matches at 36 underlined the value of conditioning, disciplined court movement and tactical experience in extending elite careers.

Popov, ranked 16th, responded strongly after losing the opening game. The 27-year-old dominated the second with steep attacks and early interceptions, restricting Chou to seven points. The momentum shifted again in the final game as Chou reduced his errors, absorbed pressure and opened decisive gaps with accurate placement.

The result denied Popov his first Super 1000 title but strengthened his position among Europe’s leading singles players. His run also reflected France’s growing influence in a discipline traditionally led by players from Asia and Denmark. Popov and his brother Christo have helped broaden the country’s presence on the international circuit ahead of another demanding phase of World Tour events.

Akane Yamaguchi claimed the women’s singles title with a 21-18, 21-16 victory over home favourite Chen Yufei. The Japanese world champion produced a composed display built on speed, retrieval and sharp changes of direction.

Yamaguchi maintained pressure through long rallies and repeatedly turned defence into attack. Chen remained competitive in both games but struggled to establish sustained control against an opponent who covered the court efficiently and made few unforced errors.

The championship was another major success for Yamaguchi following her third world title in 2025. Her victory also represented a strong response after she lost the Japan Open final to PV Sindhu a week earlier.

Yamaguchi had reached the China Open final by defeating defending champion Wang Zhiyi 21-10, 6-21, 21-16 in a fluctuating semi-final. She recovered after a difficult second game and regained her consistency in the decider.

China collected two titles through its doubles combinations. Liu Shengshu and Tan Ning retained the women’s doubles crown by defeating Japan’s Yuki Fukushima and Mayu Matsumoto 21-14, 21-19.

The home pair controlled the opening game and resisted a stronger challenge in the second. Their victory gave them a third Super 1000 championship from four tournaments at that level during the season, reinforcing their position among the strongest partnerships in women’s doubles.

Guo Xinwa and Chen Fanghui won the mixed doubles title after an 87-minute contest against top seeds and defending champions Feng Yanzhe and Huang Dongping. Guo and Chen prevailed 25-23, 20-22, 21-15 in an all-China final.

They missed several opportunities to close the match in the second game but recovered in the decider, applying greater pressure at the net and limiting their opponents’ attacking options. It was their second Super 1000 title following their All England success in 2025.

Indonesia’s Fajar Alfian and Muhammad Shohibul Fikri took the men’s doubles championship with a 16-21, 21-19, 21-19 comeback victory over South Korea’s Kim Won-ho and Seo Seung-jae.