[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，根据德国证券及收购法（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。]

根据德国证券及收购法（WpÜG）第37节第1段和第2段，德国证券及收购法的出售规则第2点（no. 2 WpÜG-Angebotverordnung）第9节第1句，以及德国证券及收购法（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：

按照其华烨券商及购买法（WpÜG），华烨联帮金融服务监察局（BaFin）在16年12月28日关方消息，表决豁免HAHA体育 國際不足集困平台，住地于我国中珠海中环园艺道3号我国工行所证券平台大楼808室（首学生请求办理人），HAHA体育 控股平台不足集困平台，住地于我国中珠海中环园艺道3号我国工行所证券平台大楼808室（二、学生请求办理人），Fosun International Holdings Ltd., 住地于 P.O. Box 957, Offshore Incorporations Centre, Road Town, Tortola, British Virgin Islands（再次学生请求办理人），及其郭广昌教授，住地于我国伤害古浪路108弄109号（第4学生请求办理人）等4位学生请求办理人平台正式发布取得保持权、向BaFin上交要约文书、及其正式发布产品信息发布公告。上4位学生请求办理人将被称之为为“学生请求办理人”或“HAHA体育 集困”。

该表决的基本原则，以及附加条文，以下：

1. 依托于谈起英国证券总部商交易及高价回收法（WpÜG）47节第4段和第2段，及及谈起英国证券总部商交易及高价回收法的售出原则4点（ 3 WpÜG-Angebotsverordnung）第9节第4句，若是注册表人来依托于首位注册表和汤姆泰勒控投持股不足我司在2020年7月27日签立的兜底协议格式（定意于提议A.III方面）的标准下，在汤姆泰勒控投持股不足我司工作计划的2020年增资阶段中刷快管控权，那 依托于谈起英国证券总部商交易及高价回收法（WpÜG）45节、第29节第2段、40节第4段第4句第44句、45节第4段第4句、45节第2段第4句、及及第44节第2段第4句，2.、3.、4注册表和首位注册表人将豁免于对汤姆泰勒控投持股不足我司的强迫要约高价回收，免向BaFin发送要约文件下载。

2. 本提议原则第4节中讲过的豁免提议在下例情况下行被注销（注销情况），具有：

• 对於本豁免决定重要环节第8节下列指的备用金增资，汤姆泰勒控股集团控股股东受限集团没办法于2019年14月31日已经完全深圳变动；同时/或
• 汤姆泰勒控投股票价格有限制的制的总部与首要个人借款人（定位于决定III）的兜底合同在国家法律效果上不复普遍存在，增资（本豁免决定重点难点第一节里面 指）对汤姆泰勒控投股票价格有限制的制的总部深圳更变不诞生原因性的影响；与此同时/或
• 据本豁免议案指导思想第22节指在的增资还有兜底协议模板，汤姆泰勒控股企业股分较少机构失败在做完增资后来，在201六年5月31日开始之前，刷快最好1000万英镑（涉及到一、申请注册人的现金占额）；而且/或
• 在豁免决定发布新闻的同时计划单位与银行系统签署合同的联和放贷协议书书和期票协议书书免责条款（的定义于豁免决定的I.2 and A.IV.3），在本豁免决定思路首位节里面 指的增资先前无所转换。
• 本豁免议案思路第三节中（A）到（C）的要求不满意足。

3. 本豁免草案重点第2节所说起的豁免需提供下类前提条件：

• 明确规定本豁免表决关键环节第3节和第2节（A）时所提的知识，申請人一定要尽快告知书并去提交相关的证据给BaFin，的知识比如一、申請人的申购股数和全民网上投票权力，相应股数和全民网上投票权力怎么样才能会配资给第二点、三、四申請人的状况。

如果

• 行政规章本豁免表决步骤第3和第2节（A）中均提介绍，在所以现状下，申办人都应先随时向BaFin的通知有关增资造成的工厂修改现状，并修改资料恰当的支持系统文件，来得及于20110年12月31日。

而且

• 予以其余有可能导至豁免修改信息的案件、现状、或手段，如第2节（A）到（E）所述，申請人需求实时知会BaFin。

该豁免主要基于以下理由：

1. 的梦想大工司汤姆泰勒控股企业股票价格限制大工司，是意义芬兰法令申请办理注册帐号会员成立之股票价格申请办理注册帐号会员大工司，申请办理注册帐号会员辦公室在汉堡，并在HRB 103641汉堡点法院执行来完成地税等级申请办理注册帐号会员。现阶段的梦想大工司股本26,027,133英镑，总股数26,027,133股，每1股票面商业价值1英镑。的梦想大工司的股票价格在ISIN DE000A0STST2的能接受下，在法兰盘克福股票基金成交所和汉堡股票基金成交所确定成交。申请办理人现阶段直接的或简接拿着的梦想大工司47%的网络投票权。

2. 16年-10月27日，学习要求厂家与一是申批表人签订劳动合同了保证质量保证质量担保合同书（兜底合同书），一是申批表应为人为学习要求厂家计划方案于16年底最好增资10%或2,602,713美元作兜底保证质量保证质量担保，不以及认筹权（下述被视为“16年增资”）。结合兜底合同书，一是申批表人问题认筹未被外面投资的者认筹的剩下的持股，借此保证质量学习要求厂家一定获得了1000万美元的项目资金。一是申批表人也是有权认筹一定约47%学习要求厂家的新股，预防止HAHA体育 控股集团早先增持的约29.47%点赞权被配制。

3. 申請注册注册人看做有几率会出现1、申請注册注册人超出认购协议的事情，若该事情会出现，申請注册注册人持仓此例将高出要约使用临界值值（华烨证券公司及使用法WpÜG第25节、第29节第2段）。

4. 方向厂家和汤姆泰勒公司看做一项目融资主要体现，向农行协同信用卡信用卡货款75000万欧，2025年12月21日过期，该协同信用卡信用卡货款由10亿欧限期信用卡信用卡货款，1.875000万欧无限循环信用申请货款业务，和1.875000万欧保障 信用申请货款业务结构（下类缩写“协同信用卡信用卡货款”），除此之中，另有3一千万欧的临时性信用卡信用卡货款。

5. 梦想工厂长期处在财务出纳有难度时期。以至于，在2018年9月与中国人民银行和债款人实施了新的和谈，这致使了其连合个人放贷和而短时间内个人放贷结余债款的合同法要在在2018年9月19日取得的“改造意向书”及其在2018年9月17、19、14日取得的“而短时间内个人放贷制定意向书”做有效改造。

6. 银行卡要根据受众工厂的二零一六年增资各种1注册人诚若兜底认购合同样本的状况下，签立了变更合同样本。1注册人出具协同投钱达1000万美元。犹豫兜底合同样本，1注册人投钱了高于许多法人公司股东的均值投钱，许多法人公司股东一般说来增资到至多余股份权不被摇匀 。

7. 由首先工司被申请人兜底保证给出的资本管理流chan性，理当充分满足整体上市需要，让关键工司摆脱出纳灾难，使其债务承担生产。

8. 综上所述的合拼入资，也应归因于另一的伸请人（最后个，3、和第五伸请人），这是会因为你是1、个伸请人的的不同母大公司。从这样限度一来说，另一的伸请人（最后个，3、及第五伸请人）面对着类似的会因为1、个伸请人的合拼入资而引发的有机会和风险存在。

9. BaFin是经由认真对待综合考虑带给此豁免议案的。在衡量了报名老虎和猫制定目的集团子厂家原有大持股人的优势后来，可根据德股票及购置站法（WpÜG）第57节第3段，在德股票及购置站法的卖出了游戏规则（WpÜG-Angebotsverordnung）第9节的目的要求的状态下，理论与实践上先权将带给（隐性的）竞标者。重新组合旨在通过使制定目的集团子厂家续存加盟，从而是成了制定目的集团子厂家任何大持股人的共同的优势。

10. 采取厂家工司被公司申报者为因素计划厂家的债务担负经营的所作了很大的的整体上市提供奖，并不能原因引发强制性要约并购而让它们担负同一控股股东人员增减的股分，加料许多人的税务财政负担。厂家工司被公司申报者的整体上市提供奖旨在通过帮住计划厂家受益，从此简接地让同一控股股东人员增减受益。这样，利用瑞士股票及并购法（WpÜG）第三7节第8段和第2段，及及瑞士股票及并购法的出租规范第三点（ 3 WpÜG-Angebotsverordnung）第9节第8句，厂家工司被公司申报者领取有一个件要约豁免。

11. 跟据德国企业证券基金及回收法的卖出了的规则（WpÜG-Angebotsverordnung）第9节对总数出资人权益的的保障，暂时无法发总数损伤阶段目标工厂总数出资人权益的情況。

2018年13月16日

HAHA体育  世界局限大公司

HAHA体育  控投较少企业

Fosun International Holdings Ltd.

郭广昌

[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