QJBIOCH: Plans to absorb and merge its wholly-owned subsidiary, JiaHui Property

QJBIOCH announced that the company plans to absorb and merge its wholly-owned subsidiary Haining Jiahui Property Management Co., Ltd. After the merger is completed, Jiahui Property will be deregistered, and all assets, liabilities, businesses, and personnel will be inherited by the company. This merger does not constitute a related party transaction and does not constitute a major asset reorganization as defined by the "Administrative Measures for Major Asset Restructuring of Listed Companies," and does not need to be submitted for approval by the company's shareholders' meeting. After the merger is completed, the company will continue to operate, and all businesses, assets, liabilities, equity, and personnel of Jiahui Property will be legally assumed by the company. The purpose of this merger is to improve operational efficiency and reduce management costs, which aligns with the company's development strategy and does not have a substantial impact on the company's normal operations and financial status