Beijing Hualian Department Store (000882.SZ) plans to sell 100% equity of commercial operating company.

Beijing Hualian Department Store (000882.SZ) announced that the company recently signed a "Equity Transfer Agreement" with Beijing Hualian Boutique Supermarket Co., Ltd. ("Boutique Supermarket"). The company plans to transfer 100% equity of Beijing Hualian Commercial Operation Management Co., Ltd. ("Commercial Operation Company/Target Company") held by the company to Boutique Supermarket at a transfer price of 32.8256 million RMB. After this transaction is completed, the company will no longer hold equity in the Commercial Operation Company, and the funds obtained from the sale of equity will be used to supplement the company's working capital.