…Hema Stores= Material Portion of Orders Online… Driving Higher Sales Productivity vs. Offline Peers Daily Retail Transactions per Store, 11/17 12,000 e r Sto er 8,000 p s n o sacti an r 4,000 T y l ai D 0 Carrefour China Yonghui Hema Offline Online Source: Bernstein Research. Note: Hema data points in chart came from stores in Shanghai and Hangzhou in 11/17. In Q1:18, more than 50% of Hema store orders were placed online for home delivery. 256