Friendship Group announced that the company plans to establish a wholly-owned subsidiary “Shihezi Friendship Commodity Procurement Center Co., Ltd.” with its own capital of 5 million yuan. The investment was reviewed and approved by the 9th Interim Meeting of the 10th Board of Directors of the Company, and there is no need to submit it to the shareholders' meeting for consideration. The investment aims to accelerate the expansion of the company's store size, procurement scale, sales scale, profit and tax scale in the Shihezi region, and enhance the company's main business competitiveness and market share in the region. The funder is Xinjiang Friendship Co., Ltd., with a 100% investment ratio. The investment method is monetary investment. The company will complete the company's industrial and commercial registration as soon as possible.

Friendship Group announced that the company plans to establish a wholly-owned subsidiary “Shihezi Friendship Commodity Procurement Center Co., Ltd.” with its own capital of 5 million yuan. The investment was reviewed and approved by the 9th Interim Meeting of the 10th Board of Directors of the Company, and there is no need to submit it to the shareholders' meeting for consideration. The investment aims to accelerate the expansion of the company's store size, procurement scale, sales scale, profit and tax scale in the Shihezi region, and enhance the company's main business competitiveness and market share in the region. The funder is Xinjiang Friendship Co., Ltd., with a 100% investment ratio. The investment method is monetary investment. The company will complete the company's industrial and commercial registration as soon as possible.