According to the Sanjiang Shopping announcement, in order to strengthen the operational efficiency and specialization capabilities of the fund-raising project, the company and its wholly-owned subsidiary signed a “warehouse lease agreement” with Ningbo Puleng to rent 131,900 square meters of warehouse to each other. The lease period is 5 years, and the rent is calculated based on profit and loss. The transaction has been approved by the company's board of directors. It does not constitute a related transaction and does not require review by the shareholders' meeting. The transaction is conducive to market expansion and competitiveness. There is no significant adverse impact on finance and operations, but execution may be at risk, and benefits cannot be accurately measured.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.