According to the Zhitong Finance App, China New Consumer Group (08275) announced that on November 17, 2023, the seller Langlai Enterprise (an indirect wholly-owned subsidiary of the company) sold 16.3 million shares of Guomao (08428) shares at a price of HK$0.91 per share through major transactions at a total cost of about HK$14.83 million (excluding transaction costs). Shares sold accounted for approximately 17.47% of Guomao's total issued shares at the date of this announcement.