Better Life Investment Group regains voting rights in Better Life Commercial Chain

Better Life Commercial Chain announced that its shareholder, Better Life Investment Group Co., Ltd., will have its voting rights restored following the termination of a previous agreement. On December 4, 2025, Better Life Investment Group and Xiangtan Industrial Investment and Property Acquisition and Investment Partnership (Limited Partnership) signed an agreement to terminate the "Voting Rights Waiver Agreement," effectively reinstating Better Life Investment Group's voting rights for all Better Life Commercial Chain shares it holds.

Previously, on January 11, 2023, Better Life Investment Group had waived voting rights for 215,850,738 shares, representing 24.99% of the company's total share capital at the time. With this termination, Better Life Investment Group will now possess voting rights for its entire holding of 193,297,635 shares, representing 7.19% of the total share capital. The combined voting rights of Better Life Investment Group and its concert party, Zhang Haixia, will be 9.12%.

Despite this change, Better Life Investment Group remains the largest shareholder with voting rights, and this equity change will not alter the company's controlling shareholder or actual controller. The announcement also notes that 186,483,695 shares held by Better Life Investment Group are pledged, and all 193,297,635 shares are judicially frozen. Zhang Haixia's 51,958,322 shares are also fully pledged and judicially marked.