NBSS's controlling shareholder and its subsidiaries sign a restructuring investment agreement

According to the Zhitong Finance APP, Suning Holdings (600884.SH) announced that recently, its controlling shareholder Suning Group Co., Ltd. (hereinafter referred to as "Suning Group") and its wholly-owned subsidiary Ningbo Pengze Trading Co., Ltd. (hereinafter referred to as "Pengze Trading"), along with the administrator of Suning Group (designated by the People's Court of Yinzhou District, Ningbo City, Zhejiang Province, hereinafter referred to as "Yinzhou Court") and Pengze Trading's reorganization case administrator (hereinafter referred to as "Administrator"), signed a reorganization investment agreement with Jiangsu Xinyangzi Trading Co., Ltd. (hereinafter referred to as "Xinyangzi Trading"), Jiangsu Xinyang Ship Investment Co., Ltd. (hereinafter referred to as "Xinyang Ship"), Xiamen TCL Technology Industry Investment Partnership (Limited Partnership) (hereinafter referred to as "TCL Investment"), and the Shenzhen Branch of China Orient Asset Management Co., Ltd. (hereinafter referred to as "Orient Asset Management Shenzhen Branch") and other reorganization investors. The reorganization investors intend to acquire control of 23.36% of Suning Holdings' shares held by Suning Group and Pengze Trading through three methods: "direct acquisition + establishing a partnership with service trust for acquisition + entrusting the voting rights of remaining retained shares." If the above reorganization is successful, the control of the company will change, the company's controlling shareholder will change to the investor's holding platform, and the actual controller of the company will change to Mr. Ren Yuanlin