Core Viewpoint - Lianhua Supermarket (00980.HK) announced the sale of its entire stake in Yangpu Century Lianhua to Shanghai Dongran, a wholly-owned subsidiary of Bailian Group, for approximately RMB 78.286 million, with the transaction confirmed by the relevant state-owned asset supervision authority [1] Group 1 - The share transfer agreement was signed on November 19, 2025, between Shanghai Dongran (buyer) and Century Lianhua Development (seller) [1] - Following the completion of the sale, Yangpu Century Lianhua will no longer be a subsidiary of the company [1] - The company plans to enter into a management entrustment agreement with Shanghai Dongran post-sale, providing operational management and resource support services for a period of three years [1]

Group 1: Research and Innovation Development - The company is recognized as a "demonstration enterprise for scientific reform" by the State Council, participating in initiatives to establish original technology sources [2] - Recent policies from the national and Shenzhen governments support green transformation and the development of new technologies like AI and robotics [2] - The company is involved in key national R&D projects, including the "Light Storage Direct Flexible" technology system, with standards published for its application [2] Group 2: Operational Management - The company is enhancing its comprehensive budget management, focusing on scientific, refined, and standardized management practices [2] - Aiming for profitability, the company plans to achieve a net profit attributable to shareholders for 2024, reversing previous losses [2] - Organizational adjustments have been made to strengthen the research and innovation sector, including the establishment of new laboratories and research institutes [2] Group 3: Investor Relations and Communication - The company adheres to regulations regarding investor relations and has engaged in thorough communication with visiting investors [3] - No significant undisclosed information was leaked during the investor relations activities [3]