NBFB: Plans to absorb and merge its wholly-owned subsidiary

Ningbo Fubang announced that the company plans to merge its wholly-owned subsidiary Ningbo Fubang Jingye Trading Co., Ltd. through a comprehensive absorption merger. After the merger is completed, the independent legal status of the trading company will be canceled, and all its assets, debts, and other rights and obligations will be legally inherited by Ningbo Fubang. At the end of 2024, the total assets of the trading company were 180 million yuan, total liabilities were 149 million yuan, net assets were 31.3786 million yuan, operating income was 371 million yuan, and net profit was 294,900 yuan. By the end of March 2025, the total assets of the trading company were 141 million yuan, total liabilities were 128 million yuan, net assets were 13.0501 million yuan, operating income was 72.7557 million yuan, and net profit was 671,500 yuan