Yonghui Supermarket: The company filed an arbitration application with Zhongguo, involving 3.859 billion yuan

On October 13, Yonghui Supermarket announced that it had received the notice of acceptance of the arbitration case by the Shanghai International Arbitration Center, requesting that Dalian Yujin immediately pay the remaining share transfer price of RMB 3,639,089,070.93 and the accelerated maturity liquidated damages of RMB 218,345,344.26 to the company. At the same time, it requested that Dalian Yujin immediately pay the company the lawyer's fee of RMB 2,001,017.21 for the expenses incurred in this case. It is requested that Mr. Wang Jianlin, Mr. Sun Xishuang, and Dalian Yifang Group Co., Ltd. bear joint and several guarantee liabilities for the aforementioned remaining share transfer price, accelerated maturity liquidated damages and lawyer's fees totaling RMB 3,859,432,432.40. It is requested that the respondent of the award bear all the arbitration costs in this case. In view of the fact that the case has not yet been heard, there is uncertainty about the outcome of the subsequent trial, so there is still uncertainty about the impact on the company.