According to the Zhongyuan Internal Distribution announcement, the company recently received the “Repurchase Offer Notice” from Nantong Hairun, which triggered a repurchase situation because the holding subsidiary Shanghai Company did not complete the “Capital Increase Agreement” commitments. On December 22, 2025, the company signed an agreement with Nantong Hairun to transfer the 507.15 million yuan property share held by a domestic partnership in Nantong for 59.6923 million yuan, accounting for 47.596925%. The company will pay the payment on December 23. This transaction does not constitute a related transaction or major asset restructuring, and will not have a significant impact on the company's cash flow, scope of consolidated statements, and financial operating results.

According to the Zhongyuan Internal Distribution announcement, the company recently received the “Repurchase Offer Notice” from Nantong Hairun, which triggered a repurchase situation because the holding subsidiary Shanghai Company did not complete the “Capital Increase Agreement” commitments. On December 22, 2025, the company signed an agreement with Nantong Hairun to transfer the 507.15 million yuan property share held by a domestic partnership in Nantong for 59.6923 million yuan, accounting for 47.596925%. The company will pay the payment on December 23. This transaction does not constitute a related transaction or major asset restructuring, and will not have a significant impact on the company's cash flow, scope of consolidated statements, and financial operating results.