ST LANZHOU HUANGHE plans to acquire controlling interest in Yi Wang Juice, which specializes in concentrated apple juice business

According to the announcement from Zhitong Finance APP, *ST LANHUANG (000929.SZ) plans to acquire 50.6329% of the equity held by Xi'an Chunguang Beverage Co., Ltd. (referred to as "Xi'an Chunguang") in Wuzhong Yiwang Juice Co., Ltd. (referred to as "Yiwang Juice") for 0 yuan. This corresponds to a registered capital of RMB 5 million, which has not yet fulfilled the capital contribution obligation. The company will use its own or raised funds of 26.9175 million yuan to fulfill all capital contribution obligations corresponding to the acquired equity. Upon completion of the transaction, Yiwang Juice will become a controlling subsidiary of the company.

The announcement indicates that Yiwang Juice is a company specializing in the research, production, and sales of concentrated apple juice, with a modern production base. This acquisition of equity and the target company is an important strategic move for the company in the beverage industry. As a professional manufacturer focused on the research, production, and sales of concentrated apple juice, Yiwang Juice has established a mature raw material procurement system and stable sales channels. Its core product, concentrated apple juice, is an important basic raw material in the beverage industry. Through this transaction, the company's beverage business will achieve industrial chain integration, strengthen upstream and downstream synergy, further expand the company's business layout in the beverage field, optimize the existing business structure, enlarge the company's business scale, and cultivate new profit growth points for the company