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Oriental Pearl: Plans to sell no more than 60 million shares of Zhaochi Co., Ltd.
Oriental Pearl announces that, within 12 months after approval by the board of directors, it plans to sell through the securities trading system no more than 60 million unrestricted circulating shares of Shenzhen Zhaochi Co., Ltd., with an estimated transaction value of 640 million yuan. This transaction has already been approved by the second meeting of the 11th board of directors of the company and does not need to be submitted to the company’s shareholders’ meeting for approval.