Sanjiang Shopping has retroactively approved a warehouse lease agreement covering 130,000 square meters. The Warehouse Lease Agreement signed with Ningbo Puleng International Logistics Co., Ltd. took effect on June 1, 2026, with a lease term of five years. The warehouse is located at No. 169 Hengfeng Road, Fenghua District, Ningbo, with a net book value of approximately 500 million yuan, accounting for more than 10% of the company's audited net assets in 2025. Due to procedural coordination issues, the agreement did not go through the decision-making process in a timely manner, and is now being retroactively approved and disclosed. In the first quarter of 2026, Sanjiang Shopping achieved revenue of 1.065 billion yuan and net profit attributable to the parent company of 60.14 million yuan.
Sanjiang Shopping Club Co LtdRetroactively approves a large warehouse lease, a capital commitment, but financial impact unclear.
Secures a long-term lease for its logistics operations, indicating business demand.