Fuling Zhacai: Termination of the issuance of shares and cash payment for asset acquisition

Fuling Zhacai announced that the company has decided to terminate the issuance of shares and cash payment for asset acquisition. Previously, the company planned to acquire 51% of Sichuan Weizimei Food Technology Co., Ltd. through the issuance of shares and cash payment. Due to changes in the external environment and the inability to reach an agreement with the counterparty, the company's board of directors, after careful consideration, believes that it is appropriate to terminate this transaction. This termination will not have a significant adverse impact on the company's existing business and strategic development. In the future, the company will continue to focus on the field of condiment dishes and may restart the merger and acquisition matter at an appropriate time