Announcement on the Progress of Halting Personal Care Business
Shenzhen Xianle Health Technology Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, without false records, misleading statements, or significant omissions.
On April 22, 2026, and May 20, 2026, the Company held the 21st meeting of the 4th Board of Directors and the 2025 Annual General Meeting, respectively, where the proposal to halt the personal care business was approved. This decision aims to enhance the Company's overall profitability and market competitiveness, focus on nutritional health food solutions, and reduce losses. The management was authorized to handle matters related to the cessation of the personal care business, including but not limited to liquidation, cancellation, or continued efforts to sell, divest, or otherwise manage the Company's holding subsidiary Best Formulations PC LLC (hereinafter referred to as "PC Company"), which operates the personal care business.
Under the authorization of the Board of Directors and the General Meeting, the management is actively seeking the optimal solution for the cessation of PC Company. On May 29, 2026, local time in the United States, PC Company signed the "ASSET PURCHASE AGREEMENT BY AND AMONG BEST FORMULATIONS PC LLC AND RIE, LLC" (hereinafter referred to as "the Asset Purchase Agreement") with RIE, LLC (hereinafter referred to as "the Buyer"), whereby PC Company sells specific assets related to the contract manufacturing, formula development, packaging, and sales of personal care products to the Buyer for a transaction price of USD 3,000,000.
Transaction Overview
PC Company has signed the Asset Purchase Agreement with RIE, LLC, selling specific assets related to the contract manufacturing, formula development, packaging, and sales of personal care products. The transfer price is USD 3,000,000.
The parties to this transaction have no related party relationship, and it does not constitute a related party transaction or a significant asset restructuring as defined by the "Administrative Measures for Major Asset Restructuring of Listed Companies."
Information on the Counterparty
- Company Name: RIE, LLC
- Nature of Business: Limited Liability Company
- Business Registration Number: E0160352015-5
- Established: March 31, 2015
- Registered Address: 6767 West Tropicana Ave, Ste 229, Las Vegas NV 89103
- Main Office Location: 6767 West Tropicana Ave, Ste 229, Las Vegas NV 89103
- Business Scope: Centralized management of investment and business activities
- Equity Structure: 100% owned by BBF 6 2015 Nevada Trust
- Responsible Person: Jeff Pedersen
- Related Party Relationship: The counterparty has no related party relationship with the Company or its top ten shareholders, directors, or senior management in terms of ownership, business, assets, debts, personnel, or any other relationships that may cause the Company to favor its interests.
Key Financial Data
As of December 31, 2025, RIE, LLC had revenue, net profit, total assets, and net assets all amounting to 0.
As of the date of this announcement, the counterparty has not been listed as a dishonest executor.