Litu Holdings (01008) issued an announcement. On the date of this announcement, Group Benefit owned Changde Jinpeng's paid-up share capital of RMB 505.461 million, accounting for 31% of the total paid-up share capital of RMB 163 million. Changde Jinpeng's operating period was originally scheduled to expire on April 27, 2024, but has now been further extended to December 31, 2024.
According to the terms of the framework agreement, the contracting parties are required to enter into a final sale agreement containing the main terms of the sale, and such terms are subject to further negotiations before they can be implemented. As of the date of this announcement, the contracting parties are still negotiating the terms of the sale to implement the terms of the final sale agreement.