Core Viewpoint - The cooperation agreement between Sanjiang Shopping and Hema Company will expire on March 31, 2026, and will not be renewed, as per Hema's strategic decision based on current market conditions [1][3]. Group 1: Cooperation Agreement Details - Sanjiang Shopping signed a strategic cooperation framework agreement with Alibaba on November 18, 2016, allowing the company to operate innovative stores under the Hema model [1]. - A subsequent cooperation agreement was signed on April 1, 2023, which authorized Sanjiang Shopping to use the Hema model until March 31, 2026 [2]. Group 2: Progress of Cooperation Agreement - Recently, Sanjiang Shopping received a notification from Hema Company stating that they will not renew the cooperation agreement upon its expiration due to changes in the market environment and Hema's overall strategic development plan [3]. - Hema Company suggested that both parties initiate discussions regarding arrangements for the end of the cooperation period and proposed the establishment of a special working group to facilitate these discussions [3]. Group 3: Impact on the Company - The termination of the cooperation agreement is expected to impact sales at the Ningbo Hema stores, and the company plans to negotiate transition and handover matters with Hema to minimize disruption to customer shopping experiences [4].
三江购物俱乐部股份有限公司 关于与关联方业务合作协议期满终止的提示性公告