Core Viewpoint - Beijing Baisheng is set to close its first store in mainland China, the Baisheng Fuxing store, by December 31, 2025, as part of a strategic transformation aimed at addressing challenges in balancing development across its locations [2][6]. Company Overview - The Baisheng Fuxing store opened in 1994 and has been a beloved establishment for consumers over the past 30 years, marking a significant phase for Baisheng Group's integration into the Chinese market [6]. - Baisheng Group currently operates 43 diverse stores across 25 cities in China, showcasing its extensive market presence [6]. Strategic Transformation - Baisheng Group is undergoing a comprehensive strategic transformation, focusing on upgrading its stores and enhancing customer experience through personalized designs and innovative service elements [6]. - The company is also expanding its regional commercial layout by opening new projects such as city outlets and shopping centers, aligning with urban development strategies and specific market demands [6].