New Hua Du Supercenter Co.Ltd(002264) it is proposed to sell 100% equity of 11 wholly-owned subsidiaries in the retail business segment to the controlling shareholder for 394 million yuan

New Hua Du Supercenter Co.Ltd(002264) announced that the company plans to sell 100% equity of 11 wholly-owned subsidiaries in the retail business sector to the controlling shareholder New Hua Du Supercenter Co.Ltd(002264) group through cash sale. The price of this transaction is 394.358 million yuan. 11 wholly-owned subsidiaries include Quanzhou New Hua Du Supercenter Co.Ltd(002264) shopping mall Co., Ltd., Zhangzhou New Hua Du Supercenter Co.Ltd(002264) Department Store Co., Ltd., Jiangxi New Hua Du Supercenter Co.Ltd(002264) shopping mall Co., Ltd., Xiamen New Hua Du Supercenter Co.Ltd(002264) shopping mall Co., Ltd., Fujian New Hua Du Supercenter Co.Ltd(002264) Comprehensive Department Store Co., Ltd., Ningde New Hua Du Supercenter Co.Ltd(002264) shopping mall Co., Ltd., Sanming New Hua Du Supercenter Co.Ltd(002264) shopping mall Co., Ltd Longyan New Hua Du Supercenter Co.Ltd(002264) Shopping Plaza Co., Ltd., Nanping New Hua Du Supercenter Co.Ltd(002264) Shopping Plaza Co., Ltd., Sanming New Hua Du Supercenter Co.Ltd(002264) Logistics Distribution Co., Ltd. and Ganzhou New Hua Du Supercenter Co.Ltd(002264) Shopping Plaza Co., Ltd. This transaction constitutes a major asset restructuring. After the completion of this transaction, the main business of the listed company will be changed from internet marketing business and retail business to Internet marketing business.