Shanghai Jiahua announced that the company plans to sell 19% of Sephora Shanghai shares and 19% of Sephora Beijing shares to Sephora Asia for 70 million euros. The transaction has been reviewed and approved by the 9th board of directors of the 9th session of the company. It still needs to be submitted to the shareholders' meeting for review and completed the foreign exchange registration procedure with the National Foreign Exchange Administration.

Shanghai Jiahua announced that the company plans to sell 19% of Sephora Shanghai shares and 19% of Sephora Beijing shares to Sephora Asia for 70 million euros. The transaction has been reviewed and approved by the 9th board of directors of the 9th session of the company. It still needs to be submitted to the shareholders' meeting for review and completed the foreign exchange registration procedure with the National Foreign Exchange Administration.