Securities Code: 301009 Securities Abbreviation: KeKao Shares Announcement No.: 2026-034 Hangzhou KeKao Care Products Co., Ltd. Announcement on Progress of Signing Equity Acquisition Intent Agreement
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
Special Reminder:
- Hangzhou KeKao Care Products Co., Ltd. (hereinafter referred to as the "Company") is planning to acquire no less than 60% of the equity of Shanghai Hanhe Paper Co., Ltd. (hereinafter referred to as "Hanhe Paper" or the "Target Company") in cash and achieve control over the Target Company (hereinafter referred to as the "Transaction"). Based on the "Equity Acquisition Intent Agreement" and the "Supplementary Agreement to the Equity Acquisition Intent Agreement" (hereinafter referred to as the "Supplementary Agreement One") previously signed by the Company with Hanhe Paper and its shareholder Wu Jie, the parties have jointly negotiated and recently signed the "Supplementary Agreement Two to the Equity Acquisition Intent Agreement" (hereinafter referred to as the "Supplementary Agreement Two"), and unanimously agreed to further negotiate relevant matters.
- The "Supplementary Agreement Two" signed this time is a further supplement to the preliminary intentions reached by the parties regarding the acquisition. It is a framework and intention agreement of the parties' cooperation intention. The final terms of the transaction shall be subject to the formal transaction agreement and other relevant documents.
- The Company will fulfill the corresponding decision-making procedures and information disclosure obligations in a timely manner according to law based on subsequent progress. Whether it can be implemented and completed is uncertain. Investors are kindly requested to make prudent decisions and pay attention to investment risks.
- The transaction does not constitute a related party transaction. According to preliminary calculations based on current information, it is not expected to constitute a major asset restructuring as stipulated in the "Measures for the Administration of Major Asset Restructuring of Listed Companies."
I. Overview of the Intent and Progress of This Acquisition