Guangbai Co., Ltd. announced that the company signed a “Cooperative Operation Agreement” with the controlling shareholder Guangbai Exhibition and Trade, a holding subsidiary of Lingnan Group, to carry out cooperative management of two properties totaling 7645.68 square meters. The cooperation period is from October 16, 2026 to October 15, 2036. The company commissioned Guangbai Exhibition and Trade to manage the above properties, with an annual basic management fee of 3.6 million yuan and an annual basic operating fee of 5 million yuan. The total basic expenses for the two basic expenses during the contract period were 86 million yuan, and an excess commission mechanism was also set up. This transaction constitutes a related transaction. It has been reviewed and approved by the board of directors of the company. There is no need to submit it to the shareholders' meeting for review, and it does not constitute a major asset restructuring.

Guangbai Co., Ltd. announced that the company signed a “Cooperative Operation Agreement” with the controlling shareholder Guangbai Exhibition and Trade, a holding subsidiary of Lingnan Group, to carry out cooperative management of two properties totaling 7645.68 square meters. The cooperation period is from October 16, 2026 to October 15, 2036. The company commissioned Guangbai Exhibition and Trade to manage the above properties, with an annual basic management fee of 3.6 million yuan and an annual basic operating fee of 5 million yuan. The total basic expenses for the two basic expenses during the contract period were 86 million yuan, and an excess commission mechanism was also set up. This transaction constitutes a related transaction. It has been reviewed and approved by the board of directors of the company. There is no need to submit it to the shareholders' meeting for review, and it does not constitute a major asset restructuring.