Core Highlights - The 2026 Shanghai Import and Export Fair has officially launched its exhibition recruitment, co-hosted by the Ministry of Commerce and the Shanghai Municipal Government, marking it as one of China's largest regional international trade fairs [1] - The fair will take place from March 1-4, 2026, at the Shanghai New International Expo Center, expecting over 5,000 participating enterprises from more than 40 countries and regions, with over 150,000 professional visitors [1] Group 1 - The event integrates resources from the Yangtze River Delta cross-border comprehensive pilot zone, featuring a practical area for RCEP tariff preferences to provide full-chain services for foreign trade enterprises [3] - A dedicated cross-border e-commerce exhibition hall will be established, showcasing over 200 platform service providers, including Amazon Global Selling and Alibaba International Station, along with the release of the "2026 Cross-Border E-Commerce White Paper" [3] - The fair will host an AI smart product selection and live streaming sales competition for the first time [3] Group 2 - A green logistics exhibition area will be set up to address high cross-border logistics costs, showcasing new energy transportation tools, smart warehousing systems, and digital management solutions for overseas warehouses [5] - Officials from the Ministry of Commerce will interpret the latest export tax rebate and foreign exchange management policies on-site [5] - The event will facilitate targeted matching between manufacturing enterprises in the Yangtze River Delta and global buyers, with over 500 B2B negotiation meetings scheduled for the first day [5] - Daily industry summits will be held in the cross-border e-commerce exhibition area, covering trending topics such as TikTok Shop operations and independent brand overseas expansion [5]

Group 1: Investment Strategy and Business Focus - The company is focusing on its core business operations, emphasizing reform and loss reduction strategies, including store adjustments and online business expansion [2] - Plans to close underperforming stores while enhancing community service offerings to meet local demands [2] - Aiming to accelerate strategic layout in lower-tier markets, particularly in the Wuhan "1+8" urban circle [2] Group 2: Market Position and Future Plans - The company is committed to enhancing its market competitiveness through operational performance improvements and supply chain reforms [3] - The 2025 strategic plan aims to deepen reforms and create new growth drivers, focusing on core competencies and management enhancement [4] - A significant asset injection plan is underway, potentially increasing net assets by over 3 billion CNY and expected revenue to exceed 20 billion CNY in 2025 [4] Group 3: Digital Transformation and E-commerce - Collaborations with major online platforms like Meituan and JD.com are in place to boost instant retail capabilities [5] - The company has developed its own e-commerce platform, "Zhongbai Neighborhood Purchase," to enhance user shopping experiences [5] Group 4: Financial Management and Shareholder Value - The company does not have plans for stock buybacks and will not distribute dividends for the 2024 fiscal year due to losses [6] - Future profit distribution will be aligned with the company's development needs and investor returns [6]