Juneyao Grand Healthy Drinks Co.Ltd(605388) plans to acquire 51% equity of Shanghai hongyiyuan, a supply chain management company

On April 20, Juneyao Grand Healthy Drinks Co.Ltd(605388) announced that the company signed an acquisition intention agreement with Wang Xueyi and Shanghai hongyiyuan Supply Chain Management Co., Ltd. on April 19, and planned to transfer 51% of the shares of Shanghai hongyiyuan held by Wang Xueyi or designate its related parties in cash to form the right of control over it. Wang Xueyi and Shanghai hongyiyuan promise to complete the placement of the assets to be placed in Shanghai hongyiyuan before signing the formal equity transfer agreement. The proposed asset company is positioned as a benchmark enterprise for FMCG channel distribution and marketing in Shanghai, and provides in-depth distribution and marketing landing services for brands.