Nanjing Central Emporium (Group) Stocks (600280.SH) plans to invest 25 million yuan to purchase 20% equity of Anhui Zhongshang Convenience Store Co., Ltd.

Announcement from Nanjing Central Emporium(Group)Stocks(600280.SH): in order to improve operational efficiency, reduce costs, increase profitability, decrease internal coordination costs, and achieve synergistic development, the company will purchase 20% of the shares of Anhui Zhongshang Convenience Store Co., Ltd. held by Beijing Innovation Works Entrepreneurship Investment Center (Limited Partnership) in installments totaling 25 million RMB through evaluation and negotiation. After the purchase is complete, the company will hold 64% of Anhui Zhongshang's shares.