Chu Yuanyuan entered into shares transfer agreement to acquire a 7.246% stake in Anhui Andeli Department Store Co., Ltd. from Chen Xuegao for approximately CNY 350 million.

Chu Yuanyuan entered into shares transfer agreement to acquire a 7.246% stake in Anhui Andeli Department Store Co., Ltd. from Chen Xuegao for approximately CNY 350 million on January 22, 2022. Pursuant to transaction, Chu Yuanyuan will own 8,116,356 shares, representing approximately 7.246% stake in Anhui Andeli Department Store.