Fuling Zhacai plans to acquire a 51% stake in Weizimei, and the transaction work is progressing in an orderly manner

On April 25, 2025, Chongqing Fuling Zhacai Group Co., Ltd. plans to acquire 51% equity of Sichuan Weizimei Food Technology Co., Ltd. through the issuance of shares and cash payment. The related proposal has been approved by the board of directors. As of the announcement date on September 25, no issues have been found that would lead to the cancellation, suspension, or change of the transaction, aside from the risks disclosed in the proposal. Audit, evaluation, and other work are progressing in an orderly manner. The company has previously disclosed progress announcements multiple times. This transaction does not constitute a related party transaction, major asset restructuring, or restructuring listing, but it still requires approval from the board of directors and shareholders' meeting, as well as review by the Shenzhen Stock Exchange and registration with the China Securities Regulatory Commission, with related timelines being uncertain. The company will issue progress announcements every thirty days as required, reminding investors to pay attention to risks