Maoye Business announced that the company plans to apply for a loan from the controlling shareholder Shenzhen Maoye Commercial Building Co., Ltd., with an amount of no more than 240 million yuan, a period of 3 years, and can be used on a rolling basis; the loan interest rate is not higher than the interest rate quoted in the loan market, there is no additional cost for early repayment, no collateral or guarantee, and the funds will be used for daily operations such as repaying bank loans and supplementing operating capital. Maoye Commercial Building holds 80.90% of the company's shares. This transaction constitutes a related transaction. It is exempt from review and disclosure in accordance with related transactions, does not require submission to the shareholders' meeting for review, and does not constitute a major asset restructuring.

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