Huangshanghuang intends to purchase a 51% stake in Lixing Food for RMB 495 million, effectively transforming Lixing Food into its subsidiary. Lixing Food, a specialist in the realm of freeze-dried food, will serve as a strategic addition to Huangshanghuang's portfolio. This acquisition is poised to enhance Huangshanghuang's sales channels, facilitate entry into burgeoning markets, and significantly broaden its consumer reach.