Zhitong Finance App News, Lianhua Supermarket (00980.HK) issued an announcement. On September 27, 2024, Shanghai Lianhua, an indirect wholly-owned subsidiary of Bailian Group, signed a Jiangsu Lianhua equity transfer agreement with the company (as the seller), relating to the proposed sale of all shares in Jiangsu Lianhua; an Anhui Century Lianhua share transfer agreement with Century Lianhua Development (as the seller), a proposed sale of all shares in Anhui Century Lianhua; and Hongkou Century Lianhua shares with Century Lianhua Development (as the seller) Transfer of rights agreement, content The total cost of the proposal and sale of all shares in Hongkou Century Lianhua is approximately RMB 145,23.4 billion. Jiangsu Lianhua, Anhui Century Lianhua and Hongkou Century Lianhua will no longer be subsidiaries of the company after the share transfer settlement under the relevant sales matters to be carried out under each share transfer agreement is completed.

Zhitong Finance App News, Lianhua Supermarket (00980.HK) issued an announcement. On September 27, 2024, Shanghai Lianhua, an indirect wholly-owned subsidiary of Bailian Group, signed a Jiangsu Lianhua equity transfer agreement with the company (as the seller), relating to the proposed sale of all shares in Jiangsu Lianhua; an Anhui Century Lianhua share transfer agreement with Century Lianhua Development (as the seller), a proposed sale of all shares in Anhui Century Lianhua; and Hongkou Century Lianhua shares with Century Lianhua Development (as the seller) Transfer of rights agreement, content The total cost of the proposal and sale of all shares in Hongkou Century Lianhua is approximately RMB 145,23.4 billion. Jiangsu Lianhua, Anhui Century Lianhua and Hongkou Century Lianhua will no longer be subsidiaries of the company after the share transfer settlement under the relevant sales matters to be carried out under each share transfer agreement is completed.