2005 Apr 18
AEON Stores (Hong Kong)

AEON Stores to Open Eighth JUSCO "$10 Plaza" in Tsuen Wan Provides a Variety of Trendy Items at $10

(Hong Kong, 18 April, 2005) - General Merchandise Stores (GMS) operator, AEON Stores (Hong Kong) Co., Limited ("AEON Stores" or the "Group") (Stock code: 984), today announced that it has entered into an agreement with Hopewell Holdings Limited to open its eighth independent $10 Plaza in Panda Hotel, Tsuen Wan in July 2005.

The new 8,176 sq. ft. JUSCO $10 Plaza will be located at Basement 2, Panda Place, Panda Hotel. Uniquely designed and carrying a great variety of household items, the new JUSCO $10 Plaza will be a paradise for shoppers looking for trendy products and a great shopping experience. A total of 4,500 fashionable items in different categories, including kitchen utensils, toys, stationery, pet accessories and food will all be sold at the standard price of HK$10.

Mr. Kazumasa Ishii, Managing Director of AEON Stores, said, "Encouraged by the great success of our previous shops, I am pleased to announce the opening of our eighth independent $10 Plaza in Hong Kong. The new JUSCO $10 Plaza is located inside Panda Hotel, a popular hotel with high occupancy rate of overseas visitors. It is also adjacent to office and industrial buildings nearby. This strategic location guarantees high customer flows and thus, the success of the shop. Looking to the future, we will continue to look for suitable locations to open more JUSCO $10 Plaza."

Mr. Ishii continued, "This is our first cooperation with Hopewell Holdings Limited and we are delighted with the close working relationship with them. In the future, AEON Stores will strive our best to satisfy the needs of the local community and provide consumers with a wide selection of good value-for-money products."

In 2002, the Group opened its flagship JUSCO $10 Plaza in Causeway Bay, which occupied 26,000 sq.ft. and has been attracting high customer flows. Afterwards, the Group opened more independent $10 Plaza in Kowloon City, Yuen Long, Sheung Wan, Tseung Kwan O, North Point and Jordan. Adding the new shop in Tsuen Wan, the Group will have a total of eight independent $10 Plaza in Hong Kong.

Information on Tsuen Wan JUSCO $10 Plaza

Address	Shop B201- 203, Basement 2, Panda Place, Panda Hotel, No. 3 Tsuen Wah Street, Tsuen Wan, New Territories
Business Hours	10:00 a.m.-10:00 p.m.
Total Leased Floor Area	8,176 sq.ft.

 

• 
  (Left to right) Mr. Kazumasa Ishii, Managing Director of AEON Stores (Hong Kong) Co., Limited and Mr. Thomas Wu, Deputy Managing Director of Hopewell Holdings Limited

• (Left to right) Mr. Kazumasa Ishii, Managing Director of AEON Stores (Hong Kong) Co., Limited and Mr. Thomas Wu, Deputy Managing Director of Hopewell Holdings Limited

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About AEON Stores
AEON Stores was established in Hong Kong in 1985 and listed on the Hong Kong Stock Exchange in 1994. The Group is mainly engaged in the operation of general retail businesses (General Merchandise Stores and Independent Supermarkets). Currently, it operates 10 GMS, 2 independent supermarkets, 31 independent Living PLAZA by AEON, 31 independent Daiso Japan, 4 Mono Mono, 4 KOMEDA'S Coffee and 1 JELYCO DO By KOMEDA'S Coffee in densely populated districts in Hong Kong. It also operates 21 GMS and 17 independent supermarkets in Guangdong Province, the PRC.

For more information：
AEON Stores (Hong Kong) Co., Limited
Corporate Communication Department
Tel.：（852）2165 0777
Email：aeonpr@aeonstores.com.hk