Transaction Overview
Hubei Jiuliang Co., Ltd. (hereinafter referred to as "the Company") intends to sell all equity of its wholly-owned subsidiary, Guangzhou Jiuliang Small Appliances Co., Ltd. (hereinafter referred to as "Small Appliances Company"), to optimize the Company's asset structure, improve asset operation efficiency, and promote high-quality development. The third meeting of the third board of directors was held on April 27, 2026, where the proposal for the sale of the subsidiary's equity was approved. This transaction does not constitute a major asset restructuring as defined by the China Securities Regulatory Commission's "Measures for the Administration of Major Asset Restructuring of Listed Companies." For specific details, please refer to the announcement titled "Announcement on the Proposed Sale of 100% Equity of Wholly-Owned Subsidiary" (Announcement No.: 2026-018) disclos