Zhitong Finance App News, Central Shopping Mall (600280.SH) announced that Xuzhou Central Department Store Co., Ltd. (hereinafter referred to as “Xuzhou Store”), a holding subsidiary of the company, opened in December 2019 at No. 125 Datong Street, Xuzhou City, Jiangsu Province. Since opening, due to multiple factors such as the declining market environment, increased competition, and property leasing disputes, it has been difficult to operate the Xuzhou store. After adjustments, the current operating fundamentals still show no signs of improvement, making it difficult to reduce losses and reverse losses. The company decided to launch a business suspension plan, and authorized the company's management to organize and implement the Xuzhou store suspension plan.

Zhitong Finance App News, Central Shopping Mall (600280.SH) announced that Xuzhou Central Department Store Co., Ltd. (hereinafter referred to as “Xuzhou Store”), a holding subsidiary of the company, opened in December 2019 at No. 125 Datong Street, Xuzhou City, Jiangsu Province. Since opening, due to multiple factors such as the declining market environment, increased competition, and property leasing disputes, it has been difficult to operate the Xuzhou store. After adjustments, the current operating fundamentals still show no signs of improvement, making it difficult to reduce losses and reverse losses. The company decided to launch a business suspension plan, and authorized the company's management to organize and implement the Xuzhou store suspension plan.