*ST Renrenle Announcement, the company is transferring 100% equity and corresponding debts of 14 subsidiaries through a public listing method, among which the 100% equity transfer of Tianjin distribution has been completed as of October 2024. During the listing period, 13 remaining subsidiaries received a bid from an interested assignee, Chengdu Huishun Duo Commercial Trading Co., Ltd. The company has reached an agreement with them and signed the relevant equity transfer contract, transferring the 100% equity of 13 subsidiaries holding operational stores including Changsha Renrenle Commercial Co., Ltd. and Chengdu Renrenle Commercial Co., Ltd. to Chengdu Huishun Duo Commercial Trading Co., Ltd. This trade does not constitute a related party transaction.
*ST人乐：以13元价格转让13家子（孙）公司100%股权
ST Renle: Transferring 100% equity of 13 subsidiaries at a price of 13 yuan each.
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