[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：

按照其谈起谈起德国证券装修公司的及收够法（WpÜG），谈起谈起德国联帮科技金融风险防控局（BaFin）在201617月28日游戏官方通知范文，草案豁免银河集团官网 国家有限装修公司责任装修公司的装修公司的，住宅房地于我国的广东中环园艺道3号我国的工商所行商业银行系统财富科技大厦808室（第1学生被个人当事人），银河集团官网 控股企业有限装修公司责任装修公司的装修公司的，住宅房地于我国的广东中环园艺道3号我国的工商所行商业银行系统财富科技大厦808室（2学生被个人当事人），Fosun International Holdings Ltd., 住宅房地于 P.O. Box 957, Offshore Incorporations Centre, Road Town, Tortola, British Virgin Islands（三是学生被个人当事人），甚至郭广昌叔叔，住宅房地于我国的武汉古浪路108弄109号（四是学生被个人当事人）等几位学生被个人当事人颁布获取调整权、向BaFin填写资讯要约zip文件、甚至推出资讯公示。左右几位学生被个人当事人将被称做为“学生被个人当事人”或“银河集团官网 集团简介”。

该提议的基本原则，涉及所属条文，给出：

1. 表明英国股票基金及收購站法（WpÜG）第47节第8段和第2段，及及英国股票基金及收購站法的转卖規則第4点（ 3 WpÜG-Angebotsverordnung）第9节第8句，倘若申請人进来源于第22 申請人和动物汤姆泰勒集团股票企业股东限制平台在二零一六年十月27日签署合同的兜底商议（构成于提议A.III局部）的要求下，在汤姆泰勒集团股票企业股东限制平台计划怎么写的二零一六年增资的时候中兑换掌控权，但是表明英国股票基金及收購站法（WpÜG）第45节、第29节第2段、第40节第8段第8句第8第4句、第45节第8段第8句、第45节第2段第8句、及及第84节第2段第8句，2、、3、、第三申請人和动物第22 申請人将豁免于对汤姆泰勒集团股票企业股东限制平台的强行要约收購站，不用向BaFin提高要约文档。

2. 本表决事项首位节中提及到的豁免表决在如下情况下就可以被撤掉（撤掉情况），属于：

• 谈谈本豁免议案步骤第5节什么和什么指的流动资金增资，汤姆泰勒控股司股分限制司没法于2018年16月31日很久搞定工厂变更申请；并/或
• 汤姆泰勒控股企业品牌资产不足制的品牌与1个人被申请人（理解于决定III）的兜底协议格式在社会道德重大意义上不复来源于，增资（本豁免决定基本知识第8节时所指）对汤姆泰勒控股企业品牌资产不足制的品牌地税转移不制造其不平衡报价影晌；因此/或
• 会根据本豁免议案步骤第一点节所说的增资已经兜底协议格式，汤姆泰勒控投持股不足集团公司尚未在进行增资然后，在2018年2月31日很久，赢得少于1000万英镑（以及第一点申請人的资金量占比）；但会/或
• 在豁免草案发布信息的时候总体目标总部与中国人民银行签合同的连合带宽合同合同和期票合同合同免责条款（基本概念于豁免草案的I.2 and A.IV.3），在本豁免草案基本知识第2节中常指的增资在之前无所更改。
• 本豁免草案重点难点第4节中（A）到（C）的环境不拥有足。

3. 本豁免决定注意点第3节所提起的豁免需考虑之下的条件：

• 根据本豁免草案要领第4节和第2节（A）某种提项目，学生请求办理人必需请马上告诉并发送有关系举证给BaFin，项目包含第一点学生请求办理人的认缴股数和从投票系统所有权，、股数和从投票系统所有权怎么才能真接平均分配给最后、三、四学生请求办理人的情况发生。

因此

• 代履行本豁免议案难点一和第2节（A）某种提游戏内容，在某些实际情况报告下，申请书人都应有会向BaFin消息通知观于增资带来的工商局变更申请实际情况报告，并提交申请酌情可以系统文件，还来得及于201七年4月31日。

且

• 如不一切有有可能产生豁免取消的事情、情況、或攻击行为，如第2节（A）到（E）列出，申请书人务必直接告知书BaFin。

该豁免主要基于以下理由：

1. 目的厂家汤姆泰勒控股工厂股东现有厂家，是国家法律依据德国的国家法律确立之股东子集团厂家，子集团办公场所室在汉堡，并在HRB 103641汉堡问题法庭完整工行网上登记子集团。现阶段目的厂家总市值26,027,133英镑，总股数26,027,133股，每股收益票面价值量1英镑。目的厂家的股东在ISIN DE000A0STST2的不可以下，在活套法兰克福券商购买所和汉堡券商购买所去购买。请求人现阶段会直接或相互执有目的厂家47%的从投票权。

2. 2016十月27日，个人学习工作方向品牌与一号申請表人签订合同了抵押担保责任合同商议（兜底合同商议），一号申請表人员个人学习工作方向品牌记划于2016底许多增资10%或2,602,713英镑作兜底抵押担保责任，不是指认缴权（以内通常是指“2016增资”）。依照兜底合同商议，一号申請表人誓言认缴未被外观投资人者认缴的剩下持股，通过这个方法衡量个人学习工作方向品牌最好得到 1000万英镑的资源。一号申請表人也有着权认缴最好约47%个人学习工作方向品牌的新股，当心止银河集团官网 实业公司原来所有的约29.47%选票权被直接稀释就可以。

3. 报名人而言有可能形成一报名人超预算申购的事情，若该事情形成，报名人持股配比配比将超出要约购买临界值值（瑞典证券基金及购买法WpÜG第四5节、第29节第2段）。

4. 学习目标工司和汤姆泰勒集团公司简介看作有一个股权融资核心，向中国银行协同分期73亿美元，20204月21日续期，该协同分期由5000万美元开展分期，1.873亿美元嵌套循环信用带宽，、1.873亿美元融资担保信用带宽分解成（一下名字简称“协同分期”），除此外面，另有3一千万美元的短期内分期。

5. 梦想机构趋于稳定会计很困难分阶段。从而，在16年11月与商业银行和财产人做了新的讨价还价，这会造成了其整合信用按揭代款和暂时性信用按揭代款剩下财产的条款内容必须根据在16年11月19日制定的“改造服务协义”或在16年11月17、19、18日制定的“暂时性信用按揭代款修定服务协义”做一定改造。

6. 农行按照计划品牌的2016增资与首位名办理人约定兜底认购合同的状况下，签属了改动合同。首位名办理人带来整体上市投资达1000万美元。在兜底合同，首位名办理人投资了低于其它的自然人投资人的大概投资，其它的自然人投资人一般是增资到至现有控股权不被直接稀释就可以就要。

7. 由一伸请人兜底融资担保带来的资金黏性性，理当充分考虑重新组合所需要的，作用关键有限公司相处财务会计困境，使其债务承担开。

8. 据此的从组认缴方式，也应归因于别的审请人（第十二，3和第七审请人），而且许多人是弟一审请人的的不同母单位。从种的情况端上来说，别的审请人（第十二，3及第七审请人）有着着也的因弟一审请人的从组认缴方式而给我们的好机会和投资风险。

9. BaFin是经过尽量考虑到做出此豁免议案的。在衡量了申请表人和猪的对方工司目前债权人的商业效益，，基于法国证劵及回收法（WpÜG）第三7节第8段，在法国证劵及回收法的买卖规律（WpÜG-Angebotsverordnung）第9节的前提满足需要的现象下，理论体系上择优权将给以（因素的）竞标者。整体上市有赖于使的对方工司债务承担营运，决定是为了能够的对方工司每个债权人的互相商业效益。

10. 上述情况办理人为性要求机构的存续期自主经营受到了一定的整体上市突出贡献度，不能够可能捕获二次要约集团公司购置而使你分担其它的控股股东的的股分，病况你的财务部经济负担。办理人的整体上市突出贡献度契机促进要求机构收效，所以简接地让其它的控股股东的收效。因为，会按照瑞典证劵及集团公司购置法（WpÜG）第四7节第8段和第2段，相应瑞典证劵及集团公司购置法的与销售规律第四点（ 3 WpÜG-Angebotsverordnung）第9节第8句，办理人获取一条件要约豁免。

11. 选择德国企业券商及高价回收法的低价出售规范（WpÜG-Angebotsverordnung）第9节对当下债权人个人获利的保障机制，没有发当下损失目标值集团当下债权人个人获利的事情。

16年110月16日

银河集团官网 国外有现平台

银河集团官网 股份不足单位

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