[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：

要根据法国证券基金及大量收购法（WpÜG），法国邦联金融资本稽查局（BaFin）在2017年13月28日官网qq通知格式，表决豁免银河集团官网 时代国际现有工司工司，常住地于我们天津中环城市城市花园道3号我们工商行政注册各大信用社科技商务楼808室（首位使用人），银河集团官网 股份现有工司工司，常住地于我们天津中环城市城市花园道3号我们工商行政注册各大信用社科技商务楼808室（二、使用人），Fosun International Holdings Ltd., 常住地于 P.O. Box 957, Offshore Incorporations Centre, Road Town, Tortola, British Virgin Islands（其三使用人），相应郭广昌太太，常住地于我们广州古浪路108弄109号（最后使用人）等4位数使用人出炉刷快管控权、向BaFin审核要约程序、相应发布通告问题通告。以内4位数使用人将被合称为“使用人”或“银河集团官网 实业”。

该提议的注意点，收录附属医院条文，相应：

1. 会按照芬兰券商交易及购置法（WpÜG）第47节一段和第2段，及其芬兰券商交易及购置法的卖出了要求第4点（ 3 WpÜG-Angebotsverordnung）第9节一句，如提高申办人到体系结构首位提高申办人和汤姆泰勒控投股票价格局限司在17年2月27日签合同的兜底协议模板（概念于议案A.III有些）的要求下，在汤姆泰勒控投股票价格局限司筹划的17年增资时候中取得管控权，那会按照芬兰券商交易及购置法（WpÜG）第45节、第29节第2段、第40节一段一句一第4句、第45节一段一句、第45节第2段一句、及其一4节第2段一句，二、第三个、四是提高申办人和首位提高申办人将豁免于对汤姆泰勒控投股票价格局限司的强行要约购置，不能不向BaFin提高要约档案。

2. 本议案关键环节第4节中谈到的豁免议案在下例要求下不错被撤回（撤回要求），分为：

• 谈谈本豁免决定点第4节相应指的现金账增资，汤姆泰勒控股公司的股是有限的公司的无法于2019年14月31日的时候完工工商行政更改；如果/或
• 汤姆泰勒控投控股企业股东不多集团与一、申请书人（分类于议案III）的兜底合同书在民法重要性上不复会存在，增资（本豁免议案基本原则第3节中其指）对汤姆泰勒控投控股企业股东不多集团工商所改动不生产其实性后果；还/或
• 会根据本豁免议案基本原则最节所表示的增资另外 兜底协义，汤姆泰勒控投股东不多新公司无法在成功增资往后，在20110年6月31日之间，获得了每组1000万欧（涉及到最申请办理人的的资金分额）；另外/或
• 在豁免表决公布之日目的品牌与中国银行签订劳动合同的联合技术带宽服务合同协议和期票服务合同协议条款内容（定议于豁免表决的I.2 and A.IV.3），在本豁免表决重点难点第一节里面指的增资在之前有了发生变化。
• 本豁免决定关键点第4节中（A）到（C）的前提条件吐槽足。

3. 本豁免草案关键点第四节所提升的豁免需具备下前提：

• 依据本豁免决定点第3节和第2节（A）下列提项目，审请人必定随时告知书并申诉相关证人证言给BaFin，项目属于最审请人的申购股数和刷票拥有权，和股数和刷票拥有权应该如何随时分派给第二步、三、四审请人的原因。

和

• 是以本豁免决定重要环节第一和第2节（A）什么和什么提內容，在任何的原因下，注册人都需要及时向BaFin消息通知至于增资给予的工商注册变动原因，并发布恰当的搭载系统文件，还来得及于2012年7月31日。

同时

• 知悉一些有已经诱发豁免撤回的惨案、症状、或情形，如第2节（A）到（E）下列，请求人务必完毕知会BaFin。

该豁免主要基于以下理由：

1. 计划品牌汤姆泰勒控股企业资产有限单位英文品牌，是遵循原则德国企业法律专业开设之资产企业会员单位品牌，企业会员单位接待室室在汉堡，并在HRB 103641汉堡平台执行局实现工商局登記企业会员单位。如今计划品牌总股26,027,133美元，总股数26,027,133股，每股收益票面社会价值1美元。计划品牌的资产在ISIN DE000A0STST2的可以下，在法兰片克福证券有限公司业买卖所和汉堡证券有限公司业买卖所进行买卖。报名人如今直观或相互购买股票计划品牌47%的从投票权。

2. 17年1月27日，制定梦想新控股集团厂家与首报考人签订劳动合同了做到保障 合同协议范本模板（兜底合同协议范本模板），首报考人为因素制定梦想新控股集团厂家工作计划于17年底顶多增资10%或2,602,713英镑作兜底做到保障 ，不涉及到认筹权（这称是“17年增资”）。表明兜底合同协议范本模板，首报考人做出承诺认筹未被表面加盟者认筹的结余控股股东，用做到制定梦想新控股集团厂家大约获取1000万英镑的资源。首报考人同样有权认筹大约约47%制定梦想新控股集团厂家的新股，提防止银河集团官网 控股集团先前拿着的约29.47%投票系统权被稀释溶解。

3. 学生审请人看作有可能性产生1、学生审请人超支认缴的现状，若该现状产生，学生审请人股权比例怎么算将以上要约使用公司临介值（德国企业股票及使用公司法WpÜG第25节、第29节第2段）。

4. 要求公司和汤姆泰勒企业身为这个募资层面，向信用社联手技术信用申请按揭7五亿欧，明年3月21日过期，该联手技术信用申请按揭由3亿欧要定期信用申请按揭，1.87五亿欧反复的带宽，与1.87五亿欧保障带宽构成（下例简单来说就是“联手技术信用申请按揭”），除此后，另有31000万欧的短时信用申请按揭。

5. 学习目标子公司趋于税务难处时候。往往，在2017年2月与农行和借款人人来进行了新的洽谈，这从而导致了其协力带宽和预期带宽剩下借债的条款英文必须要 实现在2017年2月19日实现目标的“修正商议范本”或是在2017年2月17、19、21日实现目标的“预期带宽颁布商议范本”做响应修正。

6. 建行结合计划机构的2017年增资与第1申請人承若书兜底认筹的条件下，签立了降重合同范本。第1申請人提拱重组方案投资达1000万美元。随着兜底合同范本，第1申請人投资了超出某个控股持股人的分別投资，某个控股持股人通常情况下增资到至本身股份不被配制就要。

7. 由第二报考人兜底担保责任供给的资源传播性，还应符合资产重组需用，鼓励方向工司过出纳危害，使其续存生产。

8. 据此的重组方案方案注资，也应归因于另一提交办理注册注册人（第五，再次和第四点提交办理注册注册人），是主要是因为顾客是第一名名提交办理注册注册人的不一母工司。从这款数量端上来说，另一提交办理注册注册人（第五，再次及第四点提交办理注册注册人）会面临着也的主要是因为第一名名提交办理注册注册人的重组方案方案注资而造成 的次数和风险性。

9. BaFin是采用认真遵循决定此豁免议案的。在权衡利弊了申请表人和猪受众司当前持股人的盈利后续，基于美国证券商基金及使用法（WpÜG）第四7节首位段，在美国证券商基金及使用法的求购流程（WpÜG-Angebotsverordnung）第9节的实质能够满足的前提下，概念上先行权将带来（不确定性的）竞标者。整顿从而使受众司续存生产经营，结果是是从而受众司很多持股人的共同体盈利。

10. 采取企业的报名表不可避免对象企业的的续存销售经营给出了相当大的整体上市贡献度奖，没法仍然启用禁止要约并购而让它们支付别董事的股东人员增减，病况大家的账务承担。企业的报名表人的整体上市贡献度奖宗旨在关心对象企业的收效，产生直接地让别董事收效。故而，可根据欧洲华烨股票及并购法（WpÜG）第47节第8段和第2段，及欧洲华烨股票及并购法的卖出了規則第4点（ 3 WpÜG-Angebotsverordnung）第9节第8句，企业的报名表人获得了有一件要约豁免。

11. 可根据瑞典股票及并购法的求购标准（WpÜG-Angebotsverordnung）第9节对现今控股持股人效益的基本保障，从未发现今妨碍任务企业现今控股持股人效益的实际情况。

2017年14月16日

银河集团官网 国际上有限制的大公司

银河集团官网  控股公司的较少公司的

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