Sanjiang Shopping Club: The "Hema Fresh Business Cooperation Agreement" signed with the company's related party Alibaba's Hema (China) Co., Ltd. will expire on March 31, 2026, and will not be renewed after the expiration of the cooperation agreement

Sanjiang Shopping Club: The "Hema Fresh Business Cooperation Agreement" signed with the company's related party Hema (China) Co., Ltd., a subsidiary of Alibaba, will expire on March 31, 2026, and will not be renewed after the expiration of the cooperation agreement