Bailian Group: The company's controlling subsidiary, Lianhua Supermarket, plans to transfer the 100% equity of Yangpu Century Lianhua to Shanghai Dounan Industrial.

Baiyun shares announced that its holding subsidiary, Lianhua Supermarket's wholly-owned subsidiary, Century Lianhua, plans to transfer its 100% equity in Shanghai Century Lianhua Supermarket Yangpu Co., Ltd. to Shanghai Dongran Industrial Co., Ltd. After the equity transfer is completed, Lianhua Supermarket plans to enter into a delegated management agreement with Dongran Industrial, under which Lianhua Supermarket will provide operational management services and resource support services to Yangpu Century Lianhua. Dongran Industrial is a wholly-owned subsidiary of the company's controlling shareholder, Bailian Group Co., Ltd., and this transaction constitutes a related party transaction for the company, with no significant impact on the company's major asset restructuring. This transaction is still in the preliminary planning stage, and the parties to the transaction have not yet signed any agreements. The transaction plan still needs further demonstration and communication consultation, and necessary decision-making and approval procedures must be fulfilled in accordance with relevant laws, regulations, and the company's articles of association.