According to the announcement of Bailian Co., Ltd., the company and the controlling shareholder Bailian Group intend to terminate the fiduciary management of 614.16 million shares of Lianhua Supermarket. After completion, the voting rights ratio of Lianhua Supermarket that the company is entitled to exercise will be reduced from 56.66% to 15.15%, and will no longer be included in the consolidated statements. The transaction is expected to constitute a major asset restructuring. It will not involve issuing shares, and will not lead to changes in controlling shareholders and actual controllers. As of the announcement date, the company has not signed the relevant agreement, the plan is yet to be verified and negotiated, the deal is still in the planning stage, and there is uncertainty about whether it can be reached and implemented.

According to the announcement of Bailian Co., Ltd., the company and the controlling shareholder Bailian Group intend to terminate the fiduciary management of 614.16 million shares of Lianhua Supermarket. After completion, the voting rights ratio of Lianhua Supermarket that the company is entitled to exercise will be reduced from 56.66% to 15.15%, and will no longer be included in the consolidated statements. The transaction is expected to constitute a major asset restructuring. It will not involve issuing shares, and will not lead to changes in controlling shareholders and actual controllers. As of the announcement date, the company has not signed the relevant agreement, the plan is yet to be verified and negotiated, the deal is still in the planning stage, and there is uncertainty about whether it can be reached and implemented.