Yinchuan Xinhua Commercial (600785.SH): Termination of controlling shareholder agreement for transfer of shares.
Xinhua Department Store (600785.SH) announced that the company received a notice from Wumei Technology on the afternoon of July 11, 2026, informing that they had respectively signed Termination Agreements of the "<Stock Transfer Agreement>" with Hangzhou Jingqi and Xiamen Lianxinmei on that day. All parties agreed that, effective from the date of termination agreement, the "<Stock Transfer Agreement>" signed on January 13, 2026, was immediately and completely terminated, with no further legal effect. The termination does not constitute a breach of the "<Stock Transfer Agreement>" by any party. The proposed share transfer by the company's controlling shareholder has been terminated.
Yinchuan Xinhua Commercial (600785.SH) issued an announcement, stating that on the afternoon of July 11, 2026, the company received a notice from Wumei Technology informing them that on the same day they had respectively signed termination agreements for the "Share Transfer Agreements" with Hangzhou Jingqi and Xiamen Lianxinmei. All parties unanimously agreed that starting from the effective date of the termination agreement, the "Share Transfer Agreement" signed on January 13, 2026 would be immediately and completely terminated, with no legal effect. This termination does not constitute a breach of the "Share Transfer Agreement" by any party. The proposed transfer of shares by the company's controlling shareholder has been terminated.
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