Bailian Co., Ltd. announced that the company plans to terminate the fiduciary management of 614.16 million shares of Lianhua Supermarket held by the controlling shareholder Bailian Group. This transaction constitutes a related transaction and major asset restructuring. It does not constitute a restructuring and listing, does not involve issuing shares, and will not lead to changes in the controlling shareholder or actual controller. After termination, the proportion of voting rights that the company can exercise at Lianhua Supermarket will be reduced from 56.66% to 15.15%, and it will no longer be included in the scope of the consolidated statement. The bill related to this transaction has been reviewed and passed at the 26th meeting of the 10th board of directors of the company. It still needs to be submitted to the shareholders' meeting for consideration. There is uncertainty about whether it can be implemented in the end.

Bailian Co., Ltd. announced that the company plans to terminate the fiduciary management of 614.16 million shares of Lianhua Supermarket held by the controlling shareholder Bailian Group. This transaction constitutes a related transaction and major asset restructuring. It does not constitute a restructuring and listing, does not involve issuing shares, and will not lead to changes in the controlling shareholder or actual controller. After termination, the proportion of voting rights that the company can exercise at Lianhua Supermarket will be reduced from 56.66% to 15.15%, and it will no longer be included in the scope of the consolidated statement. The bill related to this transaction has been reviewed and passed at the 26th meeting of the 10th board of directors of the company. It still needs to be submitted to the shareholders' meeting for consideration. There is uncertainty about whether it can be implemented in the end.