According to Mingpai Jewelry's announcement, the company transferred 100% of the shares and related rights of Zhejiang Mingpai Carillo Jewelry Co., Ltd., a wholly-owned subsidiary, to Shaoxing Yiming Enterprise Management Co., Ltd., with a total share transfer price of 288 million yuan. As of November 2, 2026, Shaoxing Yiming has paid the full share transfer price. On November 5, 2026, Carillo completed the registration procedures for industrial and commercial changes related to the share transfer. All shares have been changed and registered under the name of Yiming, Shaoxing, the company no longer holds shares in Caliro, and Caliro is no longer included in the scope of the company's consolidated statements.

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