在2016年12月12日前后，尊龙凯时国际有限公司（尊龙凯时国际）参与了TOM TAILOR Holding AG（汤姆泰勒）的增资，以4.90欧元每股的价格，认购了新发行总股数2,602,713的29.47%，因此保持了尊龙凯时国际原先持有的股比，即29.47%。新发行的于2016年12月14日在法兰克福交易所开始交易。增资完成之前，尊龙凯时国际向德国联邦金融监管局（BaFin）申请了要约收购豁免权，并在2016年11月28日获得了该豁免权。该豁免权允许尊龙凯时国际，与个别其他申请人，在超额认购汤姆泰勒新发行的股份股比至30%以上的情况下，不需要向BaFin提交要全面约收购报告书。基于BaFin的合规要求，尊龙凯时国际在此发布该豁免决议的要旨。

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[注：下面公布的决议并没有在本次交易中使用到，是由于申请人（如下文所定义）在2016年增资（如下文所定义）过程中对目标公司（如下文所定义）的股份认购比例为原先已持有的29.47%。因此，根据德国及收购法（WpÜG）第29节第2段，目标公司的控制权变更所需的股权比例临界值30%未达到。]

根据德国及收购法（WpÜG）第37节第1段和第2段，德国及收购法的出售规则第2点（no. 2 WpÜG-Angebotverordnung）第9节第1句，以及德国及收购法（WpÜG）第35节第1段第1句和第2段第1句，公布德国联邦金融监管局（BaFin）在2016年11月28日做出的关于汤姆泰勒控股股份有限公司(ISIN DE 000A0STST2)的豁免决议，包括附属条款及豁免理由（以下简称“决议”）如下：

根据德国及收购法（WpÜG），德国联邦金融监管局（BaFin）在2016年11月28日官方通知，决议豁免尊龙凯时国际有限公司，居住地于中国香港中环花园道3号中国工商银行大厦808室（第一申请人），尊龙凯时控股有限公司，居住地于中国香港中环花园道3号中国工商银行大厦808室（第二申请人），Fosun International Holdings Ltd., 居住地于 P.O. Box 957, Offshore Incorporations Centre, Road Town, Tortola, British Virgin Islands（第三申请人），以及郭广昌先生，居住地于中国上海古浪路108弄109号（第四申请人）等四位申请人公布获得控制权、向BaFin提交要约文件、以及发布信息公告。以上四位申请人将被统称为“申请人”或“尊龙凯时集团”。

该决议的要点，包括附属条文，如下：

1. 根据德国及收购法（WpÜG）第37节第1段和第2段，以及德国及收购法的出售规则第3点（ 3 WpÜG-Angebotsverordnung）第9节第1句，如果申请人在基于第一申请人与汤姆泰勒控股股份有限公司在2016年10月27日签订的兜底协议（定义于决议A.III部分）的条件下，在汤姆泰勒控股股份有限公司计划的2016年增资过程中获得控制权，那么根据德国及收购法（WpÜG）第35节、第29节第2段、第30节第1段第1句第1第3句、第35节第1段第1句、第35节第2段第1句、以及第14节第2段第1句，第二、第三、第四申请人与第一申请人将豁免于对汤姆泰勒控股股份有限公司的强制要约收购，无需向BaFin提交要约文件。

2. 本决议要点第1节中提到的豁免决议在以下条件下可以被撤销（撤销条件），包括：

• 对于本豁免决议要点第1节中所指的现金增资，汤姆泰勒控股股份有限公司未能于2016年12月31日之前完成工商变更；并且/或
• 汤姆泰勒控股股份有限公司与第一申请人（定义于决议III）的兜底协议在法律意义上不复存在，增资（本豁免决议要点第1节中所指）对汤姆泰勒控股股份有限公司工商变更不产生实质性影响；并且/或
• 根据本豁免决议要点第1节所指的增资以及兜底协议，汤姆泰勒控股股份有限公司未能在完成增资之后，在2017年1月31日之前，获得至少1000万欧元（包括第一申请人的资金份额）；并且/或
• 在豁免决议发布之时目标公司与银行签订的联合贷款协议和期票协议条款（定义于豁免决议的I.2 and A.IV.3），在本豁免决议要点第1节中所指的增资之前有所改变。
• 本豁免决议要点第3节中（A）到（C）的条件不满足。

3. 本豁免决议要点第1节所提到的豁免需满足以下条件：

• 依照本豁免决议要点第1节和第2节（A）中所提内容，申请人必须立即通知并提交相关证据给BaFin，内容包括第一申请人的认购股数和投票权利，以及股数和投票权利如何直接分配给第二、三、四申请人的情况。

并且

• 依照本豁免决议要点第1和第2节（A）中所提内容，在任何情况下，申请人都应当立即向BaFin通知关于增资引起的工商变更情况，并提交适当支持文件，不晚于2017年3月31日。

并且

• 如有任何有可能导致豁免撤销的事件、情况、或行为，如第2节（A）到（E）所列，申请人必须立即通知BaFin。

该豁免主要基于以下理由：

1. 目标公司汤姆泰勒控股股份有限公司，是依据德国法律成立之股份注册公司，注册办公室在汉堡，并在HRB 103641汉堡地方法院完成工商登记注册。目前目标公司总股本26,027,133欧元，总股数26,027,133股，每面价值1欧元。目标公司的股份在ISIN DE000A0STST2的允许下，在法兰克福交易所和汉堡交易所进行交易。申请人目前直接或间接持有目标公司47%的投票权。

2. 2016年10月27日，目标公司与第一申请人签订了担保协议（兜底协议），第一申请人为目标公司计划于2016年底最多增资10%或2,602,713欧元作兜底担保，不包括认购权（以下称为“2016年增资”）。根据兜底协议，第一申请人承诺认购未被外部投资者认购的剩余股份，以此保证目标公司至少获得1000万欧元的资金。第一申请人也有权认购至少约47%目标公司的新股，以防止尊龙凯时集团原先持有的约29.47%投票权被稀释。

3. 申请人认为有可能发生第一申请人超额认购的情况，若该情况发生，申请人持股比例将超过要约收购临界值（德国及收购法WpÜG第35节、第29节第2段）。

4. 目标公司和汤姆泰勒集团作为一个融资主体，向银行联合贷款75亿欧元，2020年5月21日到期，该联合贷款由1亿欧元定期贷款，1.875亿欧元循环信贷，以及1.875亿欧元担保信贷组成（以下简称“联合贷款”），除此之外，另有3500万欧元的短期贷款。

5. 目标公司处于财务困难阶段。因此，在2016年10月与银行和债权人进行了新的谈判，这导致了其联合贷款和短期贷款剩余债务的条款需要通过在2016年10月19日达成的“修改协议”以及在2016年10月17、19、20日达成的“短期贷款修订协议”做相应修改。

6. 银行根据目标公司的2016年增资以及第一申请人承诺兜底认购的情况下，签订了修改协议。第一申请人提供重组出资达1000万欧元。由于兜底协议，第一申请人出资了大于其他股东的平均出资，其他股东通常增资到至原有股权不被稀释为止。

7. 由第一申请人兜底担保提供的资本流动性，理应满足重组所需，帮助目标公司度过财务危机，使其存续经营。

8. 上述的重组出资，也应归因于其他申请人（第二，第三和第四申请人），因为他们是第一申请人的不同母公司。从这种程度上来说，其他申请人（第二，第三及第四申请人）面临着同样的由于第一申请人的重组出资而带来的机会和风险。

9. BaFin是通过慎重考虑作出此豁免决议的。在权衡了申请人和目标公司现有股东的利益之后，根据德国及收购法（WpÜG）第37节第1段，在德国及收购法的出售规则（WpÜG-Angebotsverordnung）第9节的前提满足的情况下，理论上优先权将给予（潜在的）竞标者。重组旨在使目标公司存续经营，最终是为了目标公司所有股东的共同利益。

10. 鉴于申请人为目标公司的存续经营作出了很大的重组贡献，不能由于触发强制要约收购而让他们承担其他股东的股份，加重他们的财务负担。申请人的重组贡献旨在帮助目标公司获益，由此间接地让其他股东获益。因此，根据德国及收购法（WpÜG）第37节第1段和第2段，以及德国及收购法的出售规则第3点（ 3 WpÜG-Angebotsverordnung）第9节第1句，申请人获得有条件要约豁免。

11. 根据德国及收购法的出售规则（WpÜG-Angebotsverordnung）第9节对现有股东利益的保障，尚未发现有损害目标公司现有股东利益的情况。

2016年12月16日

尊龙凯时国际有限公司

尊龙凯时控股有限公司

Fosun International Holdings Ltd.

郭广昌

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[Note: the Decision published below is no longer applicable as the Applicants (as defined below) have participated in the Capital Increase 2016 (as defined below) of the Target Company (as defined below) in accordance with its existing shareholding of 29.47%, which was carried out in the meantime. The control threshold of 30% of the voting rights of the Target Company in accordance with section 29 para. 2 WpÜG was therefore not reached.]

Publication of the tenor of the Decision of the Federal Financial Supervisory Authority dated 28 November 2016 (“Decision”), including the ancillary provisions and the essential reasons, on the exemptions according to section 37 para. 1 and para. 2 WpÜG in conjunction with section 9 sentence 1 no. 2 WpÜG-Angebotverordnung from the obligations under section 35 para. 1 sentence 1 and para. 2 sentence 1 WpÜG with respect to TOM TAILOR Holding AG, Hamburg (ISIN DE 000A0STST2), is shown below.

The tenor of the Decision, including the ancillary provisions, is as follows:

1. If the Applicants obtain control of TOM TAILOR Holding AG, Hamburg in accordance with section 37 para. 1 and para. 2 WpÜG in conjunction with section 9 sentence 1 no. 3 WpÜG-Angebotsverordnung, following the planned cash-capital-increase by TOM TAILOR Holding AG, Hamburg, to be implemented in 2016, and on the basis of the obligations arising from the backstop agreement between TOM TAILOR Holding AG, Hamburg and the 1^stApplicant dated 27 October 2016 (as defined in section A.III of the Decision) as per section 35, 29 paragraph 2 WpÜG and with regard to the 2^nd 3^rd and 4^th Applicant, in accordance with section 30 para. 1 sentence 1 no. 1 sentence 3 WpÜG, the Applicants will, as per section 35 para. 1 sentence 1 WpÜG, be exempt from the obligation to publish a takeover bid for TOM TAILOR Holding AG, Hamburg, as well as from the obligations pursuant to section 35 para. 2 sentence 1 WpÜG, to submit an offer document to BaFin and to publish a mandatory offer according to section 35 para. 2 sentence 1 WpÜG in conjunction with section 14 para. 2 sentence 1 WpÜG.

2. The exemption referred to in paragraph 1 of this tenor of the Decision may be revoked (revocation proviso), if:

• the cash-capital-increase referred to in paragraph 1 of this tenor of the Decision has not been registered in the commercial register of TOM TAILOR Holding AG, Hamburg, by 31 December 2016; and/or

• the backstop agreement between TOM TAILOR Holding AG, Hamburg and the 1^stApplicant (as defined in point A.III of the Decision), does not exist anymore in a legally binding and materially unchanged manner at the time of the registration of the cash-capital-increase (as referred to in paragraph 1 of this tenor of the Decision) in the commercial register of TOM TAILOR Holding AG, Hamburg; and/or

• TOM TAILOR Holding AG, Hamburg does not by 31 January 2017 and following the completion of the cash-capital-increase, receive at least € 10 million (including the stake of the 1^stApplicant) for the acquisition of new shares from the cash-capital-increase referred to in paragraph 1 of this tenor of the Decision and in accordance with the obligations under the backstop agreement concluded between TOM TAILOR Holding AG, Hamburg and the 1^st Applicant; and/or

• the financial covenants as applicable at the time of the exemption Decision to the syndicated loan agreement and the promissory notes by which the Target Company is, inter alia, financed (as defined in paragraphs A.I.2 and A.IV.3 of the Decision) are changed by the contracting parties to the syndicated loan agreement and the note loans before the registration of the cash-capital-increase referred to in paragraph 1 of this tenor of the Decision; and/or

• the conditions of paragraph 3(A) to (C) of this tenor of the Decision are not fulfilled.

3. The exemption referred to in Paragraph1 of this tenor of the Decision are subject to the following conditions:

• The Applicants must immediately inform and submit appropriate evidence to BaFin regarding the amount of shares and voting rights acquired by the 1st Applicant in accordance with paragraph 1. and 2(A) of this tenor of the Decision, and how many shares and voting rights are directly attributable to the 2nd, 3rd and 4th Applicants.

and

• The Applicants shall, in any event, immediately notify BaFin of the registration of the execution of the cash-capital-increase in accordance with paragraphs 1 and 2(A) of this tenor of the Decision by submitting appropriate supporting documentation by 31 March 2017 at the latest.

and

• The Applicants have to immediately notify BaFin of any event, circumstance or conduct which could justify the revocation of the exemption pursuant to paragraph 2(A) to (E) of this tenor of the Decision.

The exemption is based mainly on the following grounds:

1. The Target Company is TOM TAILOR Holding AG, a stock corporation incorporated under German laws with its registered office in Hamburg, and registered in the Commercial Register of the local court of Hamburg under HRB 103641. The current share capital of the Target Company amounts to €26,027,133 and is divided into 26,027,133 registered shares each with a nominal value of €1. The shares of the Target Company are admitted under ISIN DE000A0STST2 to trading on the regulated market of the Frankfurt Stock Exchange (Prime Standard) and the Hamburg Stock Exchange. The Applicants currently hold, directly and indirectly, a total of 29.47% of the voting rights in the Target Company.

2. On 27 October 2016, the Target Company and the 1^stApplicant entered into a so-called backstop agreement ("Backstop Agreement") to support a cash-capital-increase by the Target Company as planned at the end of 2016 of up to 10% of the share capital of the Target Company, which is up to €2,602,713, excluding subscription rights (hereinafter the "Capital Increase 2016"). Under the Backstop Agreement, the 1^st Applicant committed itself to purchase all shares issued under the Capital Increase 2016 which are not placed with external investors so that a total gross proceeds of at least €10 million is achieved. The 1^st Applicant has also reserved the right to subscribe for at least ca. 29.47% of the new shares of the Target Company in order to prevent the dilution of the total share of voting rights held by the Fosun Group in the Target Company which amounts to ca. 29.47%.

3. The Applicants considered it probable that the 1^stApplicant has to and will acquire more new shares issued by the Target Company than the pro-rata amount; in this case, the control threshold (section 35, 29 para. 2 WpÜG) will be exceeded by the Applicants.

4. The Target Company and the Tom Tailor Group as a whole are financed in particular through a syndicated loan of €475 million granted by a bank syndicate which matures on 21 May 2020. This bank syndicate consists ofa term loan of €100 million, a revolving credit facility of €187.5 million, as well as a guaranty and credit facility of €187.5 million (hereinafter referred to as the "Syndicated Loan"), as well as note loans of €35 million.

5. The Target Company is in a financially difficult phase. As a result, new negotiations with the banks and the creditors took place in October 2016, which led to the adaption of the financial covenants for the residual period of the Syndicated Loan and the note loans which were settled by way of a so-called "amendment agreement" dated 19 October 2016 and the so-called “note loans amendment agreements” dated 17, 19 and 20 October 2016.

6. The consortium banks have made the amendment agreement subject to the implementation by the Target Company of the Capital Increase 2016 and the backstop obligation by the 1^st The 1^stApplicant provides, in connection with this, a restructuring contribution of up to €10 million. Due to its backstop commitments, the 1^st Applicant contributes more than the average shareholder, which regularly takes over new shares of the Target Company only to the extent necessary to protect its old shareholding against any dilution effects.

7. The supply of liquidity based on the 1^stApplicant's backstop obligation is appropriate to meet the requirements for a restructuring contribution "to help to overcome a crises and, consequently, for the continued existence of the Target Company".

8. The aforementioned restructuring contribution shall also be attributable to the other Applicants (2^st, 3^ndand 4^th Applicant) as they are respective parent companies of 1^st Applicant. To this extent, the other Applicants (2^nd, 3^rd and 4^th Applicant) also participate in the opportunities and risks that the 1^st Applicant faces with its restructuring contribution.

9. The granting of the exemption is at the discretion of BaFin. With any weighing of interests of the Applicants against those of the existing shareholders of the Target Company, which is to be carried out according to section 37 para. 1 WpÜG, priority has to be given in principle to the interests of the (potential) bidder where the preconditions of section 9 WpÜG-Angebotsverordnung have been met. The restructuring is intended to secure the survival of the Target Company, which ultimately is in the interests of all shareholders of the Target Company.

10. As the Applicants are contributing to the survival of the Target Company with their substantial restructuring contributions, they cannot be overburdened by having to make a mandatory offer to the remaining shareholders of the Target Company, which would impose an additional significant financial burden on the Applicants. Their restructuring contributions are primarily intended to benefit the Target Company and thus also indirectly its shareholders. Therefore, the exemption pursuant to section 37 para. 1 and para. 2 WpÜG in conjunction with section 9 sentence 1 no. 3 WpÜG-Angebotsverordnung is to be granted, subject to ancillary conditions.

11. Opposing interests of the existing shareholders of the Target Company, which should also be given special consideration taking into account the weighing of interest as incorporated by the legislature in section 9 WpÜG-Angebotsverordnung, have not been identified.

16 December 2016

Fosun International Limited

Fosun Holdings Limited

Fosun International Holdings Ltd.

Guo Guangchang