China Resources Group: Intends to dissolve and liquidate the holding joint venture company China Resources General Trade Electrical Appliances.

The Suning Group announced that recently, its holding joint venture company Zhongbai Industrial and Commercial Electrical Appliances held an extraordinary shareholders' meeting and decided to dissolve the company as of March 31, 2026, and liquidate and cancel it in accordance with the law. Suning Group's wholly-owned subsidiary, Wuhan Zhongbai Department Store Co., Ltd., holds 51% of the shares. As of September 30, 2025, the total assets of the joint venture company amounted to 113 million yuan, with a net asset of 18.9196 million yuan. The revenue from January to September 2025 was 104 million yuan, with a net profit of 1.6578 million yuan. This dissolution and liquidation does not constitute a related party transaction or a major asset restructuring, and will not have a significant impact on the company.