Voluntary Public Takeover Offer for CECONOMY AG by JD.com
On September 1, 2025, JD.com, Inc. (the “Company” or “JD.com”) (NASDAQ: JD and HKEX: 9618 (HKD
counter) and 89618 (RMB counter)), through its wholly-owned indirect subsidiary JINGDONG Holding Germany GmbH (the “Bidder”), published an offer document regarding a voluntary public takeover offer to all shareholders of
CECONOMY AG (“CECONOMY”) (XETRA: CEC), the parent company of leading European consumer electronics retailers MediaMarkt and Saturn, to acquire all issued and outstanding bearer shares in CECONOMY (the “CECONOMY
Shares”) for a cash consideration of EUR 4.60 per share (the “Takeover Offer”). The Company previously announced its decision to launch the Takeover Offer on July 30, 2025.
The Takeover Offer and the contracts which come into existence by the acceptance thereof are subject to certain conditions precedent, including obtaining
merger control clearances, foreign investment clearances and EU foreign subsidies clearance by November 10, 2026. The acceptance period of the Takeover Offer begins on September 1, 2025 and ends on 6:00 p.m. (New York time) on November 10,
2025, which may be extended under certain circumstances. The Takeover Offer will be financed through a combination of acquisition loan and the Company’s cash on balance sheet.
The Takeover Offer does not extend to the American depositary receipts relating to CECONOMY (“CECONOMY ADRs”). Holders of CECONOMY ADRs can
only accept the Takeover Offer if they first exchange their CECONOMY ADRs for CECONOMY Shares.
CECONOMY Shareholders whose place of residence,
incorporation or place of habitual abode is in the United States should note that the Takeover Offer is made in respect of securities of a company which is a foreign private issuer within the meaning of the U.S. Securities Exchange Act of 1934, as
amended (the “Exchange Act”), and the shares of which are not registered under Section 12 of the Exchange Act. The Takeover Offer is being made in the United States in reliance on the Tier 1 exemption from certain
requirements of the Exchange Act and is principally governed by disclosure and other regulations and procedures of the Federal Republic of Germany, which are different from those of the United States.
This announcement and the information within it are not intended to, and do not, constitute or form part of any offer, invitation or the solicitation of an
offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities whether pursuant to this announcement or otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in
contravention of applicable law. In particular, this announcement is not an offer of securities for sale into the United States. No offer of securities shall be made in the United States absent registration under the Securities Act of 1933, as
amended, or pursuant to an exemption from, or in a transaction not subject to, such registration requirements. No statement contained or referred to in this announcement is intended to be a profit forecast.