BaiLian Group: Century Lianhua, a wholly-owned subsidiary of Lianhua Supermarket, plans to transfer 100% equity of Yangpu Century Lianhua to Dongran Industrial Co., Ltd. The transfer price is 78.286 million yuan.

Bailian Group announced that its wholly-owned subsidiary Shanghai Century Lianghua Supermarket Development Co., Ltd., a wholly-owned subsidiary of its holding subsidiary Lianghua Supermarket, intends to transfer 100% of the shares of Shanghai Century Lianghua Supermarket Yangpu Co., Ltd. held by Shanghai Century Lianghua Supermarket Development Co., Ltd. to Shanghai DongRan Industrial Co., Ltd. The transfer price is 78.286 million yuan. After the equity transfer is completed, Lianghua Supermarket intends to enter into a management agreement with DongRan Industrial, under which Lianghua Supermarket will provide operational management services and resource support services to Yangpu Century Lianghua. DongRan Industrial is a wholly-owned subsidiary of the Company's controlling shareholder, Bailian Group, and this transaction constitutes a related party transaction for the Company.