Zhufu Group announced that the company has signed an “Intent Agreement” with Zhuhai Investment Holdings Co., Ltd. and Zhuhai Kangge Investment Co., Ltd. to plan to purchase 26% of the shares of Zhuhai Duty Free Enterprise Group Co., Ltd. held by Haitian Investment Company and 23% of the shares of the tax-free company held by Conger Investment, and raise supporting funds by issuing shares and paying cash. The company currently holds 51% of the shares in the duty-free company. After the transaction is completed, the duty-free company will become a wholly-owned subsidiary. This transaction constitutes a related transaction. It is expected to constitute a major asset restructuring. It will not lead to a change in the controlling shareholder or actual controller, and will not constitute a restructuring and listing. Trading of the company's shares has been suspended since the opening of the market on November 12, 2026, and is expected to be suspended for no more than 10 trading days.

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