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Zhu Feng Group (600185.SH) plans to acquire the remaining 49% of the duty-free company's shares and suspends trading
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Zhitong Finance App News, Zhumen Group (600185.SH) issued an announcement. On November 11, 2026, the company signed “Intent Agreements” with Zhuhai Investment Holdings Co., Ltd. (“Haikou Investment Company”) and Zhuhai Kangge Investment Co., Ltd. (“Kangge Investment”). The company plans to purchase 26% of the shares of Zhuhai Duty Free Enterprise Group Co., Ltd. (“Duty Free Company”) held by HaiInvestment Company and 23% of the shares in Tax-Free Company held by Conger Investment and raise supporting funds by issuing shares and paying cash. Currently, the company 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 of the company.

This transaction constitutes a related transaction and is expected to constitute a major asset restructuring. This transaction will not lead to a change in the controlling shareholder or actual controller of the company, 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 (Thursday). It is expected that trading will be suspended for no more than 10 trading days.

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