Ningbo Xusheng Group Co. Ltd. Class ASSE: 603305

Indicative Announcement on Signing of Agreement on Acquisition of Control Rights and Share Transfer Agreement by Controlling Shareholder, Actual Controller and Persons Acting in Concert, and Proposed Change of Control

· Issued by Ningbo Xusheng Group Co. Ltd. Class A via Shanghai Stock Exchange
Indicative Announcement on Signing of Agreement on Acquisition of Control Rights and Share Transfer Agreement by Controlling Shareholder, Actual Controller and Persons Acting in Concert, and Proposed Change of Control

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