Lianhua Supermarket (00980): Bailian Group and Bailian Co., Ltd. entered into a termination agreement to terminate the custody arrangement relating to the Company's shares

Zhitong Finance App News, Lianhua Supermarket (00980) issued an announcement. The board of directors of the company learned that Bailian Group Co., Ltd. (Bailian Group) and Shanghai Bailian Group Co., Ltd. (Bailian Co., Ltd.), the main shareholder of the Company, signed the “Termination Agreement between Bailian Group Co., Ltd. and Shanghai Bailian Group Co., Ltd. on August 28, 2026 (Termination Agreement) to terminate the trusteeship agreement between Bailian Group Co., Ltd. and Shanghai Bailian Group Co., Ltd. signed on April 17, 2015 Custody arrangements relating to the Company's shares under the Agreement (Equity Custody Agreement).

According to the termination agreement, from the date of entry into force of the termination agreement, the share custody agreement was terminated, and Bailian Group no longer entrusts the management of its 614,160,000 shares (managed shares) of the Company. The rights and obligations between Bilian Group and Bilian Co., Ltd. under the equity custody agreement were terminated, and both parties were no longer bound by the share custody agreement. Since the effective date of the termination agreement, Bailian Group has enjoyed and exercised all shareholders' rights to trust shares in accordance with law, and Bailian Co., Ltd. no longer enjoys or exercises any shareholders' rights relating to the escrow shares.

According to the termination agreement, the termination agreement was established after both parties signed by Bailian Group and Bailian Co., Ltd. and took effect on the date the following conditions were met: (1) the board of directors of Bailian Group considered and approved the termination of share custody; (3) the shareholders' meeting of Bailian shares considered and approved the termination of share trusteeship; (4) the parties obtained other necessary prior filing, approval and consent (if required) required by law, regulations and relevant supervisory authorities. As of the date of this announcement, the above entry into force conditions (1) and (2) have been met.