Shanghai Sanmao: Publicly listed transfer of 6% equity of a joint venture company, transaction price of 1.54 million yuan.

Shanghai Sanmao announced that the company publicly listed the transfer of 6% equity of Shanghai Long Dragon Technology Development Co., Ltd., held by the company, on the Shanghai United Property Rights Exchange. The transaction price was 1.54 million yuan, and the counterparty was Shanghai Longtou Co., Ltd. This transaction does not constitute a related party transaction or a major asset restructuring. After approval by the company's general manager office meeting, it will be implemented without the need for board of directors or shareholder approval. It is expected that the impact of this transaction on the company's current profits and losses will be approximately 1.54 million yuan. After the transaction is completed, the company will no longer hold equity in Long Dragon Company.