Bailian Group: Intends to pay 103 million yuan to related parties for land acquisition and compensation.

Bailian Group announced that, in order to cooperate with the land acquisition and resettlement work of Yangpu District Land Reserve Center, the company plans to sign a "Land Transfer Compensation Agreement" with its affiliated party Friendship Logistics, and pay a compensation of 103 million yuan. The compensation includes compensation for houses and other losses due to production and business suspension. After Friendship Logistics completes the land transfer, the company will pay the corresponding relocation compensation. The proposal has been approved by the company's Board of Directors, and the affiliated directors have abstained from voting. This related party transaction follows the principle of fairness and will not have any adverse effects on the company's operations.