Lianhua Supermarket Holdings Co., Ltd. announced that it has entered into a share purchase agreement to issue not more than 360,000,000 common shares on May 11, 2024. The transaction will include participation from returning investor, Bailian Group Co.Ltd. The transaction has been approved by the shareholders of the company in the third meeting of the independent directors of the Ninth Board of Directors of Shanghai Bailian (Group) Co., Ltd in 2024 approved this transaction and agreed to submit it to the 35th meeting of the Ninth Board of Directors for review and in the 35th meeting of the 9th Board of Directors and the 22nd meeting of the 9th Board of Supervisors of Shanghai Bailian (Group) Co., Ltd.