Zhongjing Foods announced that in order to promote the international development strategy and strengthen overseas business expansion, the company plans to use its own capital to invest in the establishment of a wholly-owned subsidiary in Singapore, with a registered capital of SGD 10 million, and the company holds 100% of the shares. The matter has been reviewed and approved at the second meeting of the 7th board of directors of the company. There is no need to submit it to the shareholders' meeting for consideration, and it does not constitute a related transaction or major asset restructuring.

Zhongjing Foods announced that in order to promote the international development strategy and strengthen overseas business expansion, the company plans to use its own capital to invest in the establishment of a wholly-owned subsidiary in Singapore, with a registered capital of SGD 10 million, and the company holds 100% of the shares. The matter has been reviewed and approved at the second meeting of the 7th board of directors of the company. There is no need to submit it to the shareholders' meeting for consideration, and it does not constitute a related transaction or major asset restructuring.