On the evening of September 27, Lianhua Supermarket issued an announcement stating that in order to focus on the development of key advantageous regions and advantageous business formats, it has signed equity transfer and sale agreements with Shanghai Dongran Industrial Co., Ltd., a subsidiary of Bailian Group, in Jiangsu Lianhua, Anhui Century Lianhua, and Hongkou Century Lianhua. Following the announcement on May 12, the company conditionally agreed to issue no more than 360 million new domestic shares, and Bailian Group conditionally agreed to subscribe 360 million new domestic shares in cash. The total amount of capital raised is estimated to be about 360 million yuan. This matter is another important capital move.

On the evening of September 27, Lianhua Supermarket issued an announcement stating that in order to focus on the development of key advantageous regions and advantageous business formats, it has signed equity transfer and sale agreements with Shanghai Dongran Industrial Co., Ltd., a subsidiary of Bailian Group, in Jiangsu Lianhua, Anhui Century Lianhua, and Hongkou Century Lianhua. Following the announcement on May 12, the company conditionally agreed to issue no more than 360 million new domestic shares, and Bailian Group conditionally agreed to subscribe 360 million new domestic shares in cash. The total amount of capital raised is estimated to be about 360 million yuan. This matter is another important capital move.