Carrefour China Holdings N.V., a Subsidiary of Suning.com (002024), Sells Equity Stake with CEC Capital as Exclusive Financial Advisor

On the evening of June 30, 2025, Suning.com (002024) announced that its first interim shareholders' meeting of 2025 had approved the Proposal on the Sale of Subsidiary Equity by Suning International Holding’s Subsidiary Carrefour China Holdings N.V.

CEC Capital acted as the exclusive financial advisor to Suning.com for this transaction.

This strategic divestiture introduces a professional asset management institution with extensive experience to the target company, enabling more effective asset and debt restructuring through its resource advantages. The move marks a key milestone in Suning.com's ongoing efforts to refocus on its core home appliance and 3C business segments while streamlining non-core assets. The transaction is expected to alleviate debt pressure, enhance operational efficiency, and reduce business and management risks for the listed company.