Bailian Co., Ltd. announced that in order to cooperate with the land collection and storage work of the Yangpu District Land Storage Center, the company plans to sign a “Land Transfer Compensation Agreement” with the related party Friendship Logistics and pay 103 million yuan in compensation. The compensation includes compensation for housing, etc., and loss of production and shutdown. After Friendship Logistics completes the land handover, the company will pay compensation for the corresponding relocation. The bill was reviewed and passed by the company's board of directors, and the relevant directors avoided voting. This related transaction follows the principle of fairness and has no adverse impact on the company's operations.

Bailian Co., Ltd. announced that in order to cooperate with the land collection and storage work of the Yangpu District Land Storage Center, the company plans to sign a “Land Transfer Compensation Agreement” with the related party Friendship Logistics and pay 103 million yuan in compensation. The compensation includes compensation for housing, etc., and loss of production and shutdown. After Friendship Logistics completes the land handover, the company will pay compensation for the corresponding relocation. The bill was reviewed and passed by the company's board of directors, and the relevant directors avoided voting. This related transaction follows the principle of fairness and has no adverse impact on the company's operations.